Signed - 2024 Mazda CX-90 PHEV Premium Plus - | MSRP $58920 | 36/10k | $851.75 | $2400 DAS - Immediate lease buyout

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I’ve been keeping tabs on when MFS or a 3rd party captive would pass the PHEV credit on a lease for this newly released CX-90 PHEV. All the dealers laughed and said I was wrong when I inquired about this in May and said it would never happen. Well, Ally started passing this credit to lessees this month.

On the other hand, I’ve been watching used car values steadily drop. Most buyout offers from the usual suspects were way under current payoff of our CX-9. Registration was due soon. There was a huge side to side crack on the windshield that I was quoted consistently around $1k to replace, even from the cheapo cash places I used to use.

I eventually found one place that offered above payoff for the CX-9, even with the cracked windshield. Local dealer matched that offer, and honored Costco pricing on the CX-90 with the $500 loyalty and $7500 PHEV credit through Ally. This took 3 days or back and forth to get done, as the dealer had never done an Ally lease before and had to wait to get the physical lease contracts in store and went back and forth on the phone with Ally to get the contract written correctly to reduce the chance of a kickback. Dealer also sent me copies of the buyout terms on the back of the contract before I sent my wife to sign.

“If this is a monthly payment lease, the price to buy the vehicle before the scheduled lease end date is: (1) the Residual Value, plus (2) the base monthly payment times the number of payments not yet due, minus (3) any unearned rent charge figured by the Actuarial Method based on the number of full monthly periods between early end and scheduled end.”

This is similar language to the CX-5, CX-9, and Santa Fe leases, which I bought out or sold early with no other rent charges due.

MSRP: $ 58,920
Selling Price: 57,470 (2.5% off MSRP)
Monthly Payment: $ 851.75
Drive-Off Amount: $ 2400 (1st month, reg fees, sales tax on cap cost reduction, misc state fees)
Months: 36
Annual Mileage: 10,000
MF: 0.003935
Residual: 57
Incentives: $500 Mazda loyalty, $7500 Ally PHEV
Net trade allowance: $37.50 (lol), payoff was $34,600.

Was able to register on Ally portal one week after I took delivery and bought out immediately. No drama here for CA at least. Purchasing directly would have cost $62,732.68. Lease to buyout cost $55,875.94 after all said and done.

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It was a bad lease and you bought a $55k Mazda

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Congrats on the new ride! Arguably the most desirable 7-8 seater PHEV on the market rn

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cant tell if you are serious

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No way he is lol. You can tell once he mentioned 7-8 seater.

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That MF :eyes:

$850 for a Mazda, effective over $900. Hoping they ate a lot of negative equity on your current ride because without that it’s not a great deal if you kept.

But for a buyout sounds like it worked out. And good that it was clean and seemingly easy with Ally.

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I mean, how many 8 seater PHEVs are there on the market right now? It probably is the most desirable given the lack of competition.

OP, if you happy, I’m happy. Hope it’s a great vehicle!

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Great breakdown of the process and steps involved to make this happen. Enjoy!

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I guess I don’t quite get the bagging on the deal. Ally terms are horrendous but OP bought it out immediately anyway. This is a PHEV for the cost of a upper trim telluride.

Sure you can wait and see if TFS does a policy change but if you need a car right now makes sense to buy it.

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This is actually a really great deal if you are looking to buyout immediately. I’m off to try and reproduce it later on this evening. OP, thanks for sharing the details. Does Ally call the 7500 lease credit CCRA? (Capitalized Cost Reduction Allowance)?

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@harrydogyo like you predicted.

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Next question should be:

“What’s the MMR for 2024 CX-90 100 miles?”

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Deal seems fine if you want this car specifically. There aren’t many 3 row PHEVs in the market yet. Only thing I’d say is that I’d expect the discount off MSRP to be significantly better in the next 6ish months. Nothing to back that up, but it seems like there are tons of these at dealerships already.

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Mazda makes great driving cars for the money – dealers not feeling the pressure to discount yet - we’ll be back to .00000001 MF on the CX-90 soon

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is that “Purchasing directly would have cost $62,732.68. Lease to buyout cost $55,875.94 after all said and done.” your total Out The Door number ?

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OP - where did you find dealers that did leases with Ally?

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Mazda is passing the credit themselves starting today. Have at it. 69% residual, unknown mf. Should be much better for leasing now, same as before for buying out immediately.

Although I’ve never seen a lease offer specifically mention all these locations by name before.

$7,500 Lease Customer Cash good toward 2024 Mazda CX-90 PHEV when financing through Mazda Financial Services. Offer must be selected at the time of Retail Delivery Registration (RDR) and can be combined with other public offers including Lease incentive offers. Lease Customer Cash cannot be combined with APR or other Customer Cash offers. This Regional Lease Cash will auto pay with the selection of the MFS Special Lease. Lease Customer Cash is not redeemable as cash or a cash back option. Lease Customer Cash is only available on approved credit. Not all customers will qualify for credit approval or offer. Limit one discount per customer per vehicle. Lease Customer Cash offer only available in Western, Northeast, Southern, Midwest, Erie, Boston, New York, Baltimore, Binghamton, Colorado Springs-Pueblo, Denver, San Diego, Los Angeles, Las Vegas, Yuma-El Centro, Seattle-Tacoma, Honolulu, Anchorage, Fairbanks, Billings, Spokane, Missoula, Yakima-Pasco-Richland-Kennewic, Bend, Portland, OR, Eugene, Bakersfield, Boise, Reno, Monterey-Salinas, Chico-Redding, Fresno-Visalia, Sacramnto-Stktn-Modesto, San Francisco-Oak-San Jose, Santa Barbara-Santa Maria-San, Phoenix, Salt Lake City, Medford-Klamath Falls, Palm Springs, Tucson (Nogales), Twin Falls, Burlington-Plattsburgh, Johnstown-Altoona, Parkersburg, Hartford & New Haven, Harrisburg-Lncstr-Leb-York, Philadelphia, Wilkes Barre-Scranton, Portland-Auburn, Bangor, Providence-New Bedford, Washington, DC, Pittsburgh, Charleston-Huntington, NE, Harrisonburg, Richmond-Petersburg, Norfolk-Portsmth-Newpt Nws, Roakoke-Lynchburg, Charlottesville, Albany-Schenectady-Troy, Topeka, Lincoln & Hastings-Kearney Plu, Wichita-Hutchinson Plus, Kansas City, Omaha, Chicago, Minneapolis-St.Paul, Columbia-Jefferson City, Rochester-Mason City-Austin, Fargo-Valley City, Sioux Falls (Mitchell), Davenport-Rock Island-Moline, Minot-Bismarck-Dickinson, Rapid City, Charleston-Huntington, GU, Louisville, Lexington, Des Moines-Ames, Paducah-Cape Girardeau, Cedar Rapids-Waterloo & Dubuqu, Evansville, KY, Springfield, MO, St.Louis, Indianapolis, Sioux City, Columbus,OH, Fostoria, Detroit, Dayton, South Bend-Elkhart, Rockford, Carbondale, IL, Champaign & Springfield-Decatu, Evansville, IN, Green Bay-Appleton, Amarillo, Austin, Baton Rouge, Albuquerque-Santa Fe, NM, El Paso, Cheyenne-Scottsbluff, Abilene-Sweetwater, Lubbock, Shreveport, Victoria, Dallas-Ft.Worth, Corpus Christi, Waco-Temple, San Angelo, Beaumont-Port Arthur, Tyler-Longview (Lufkin & Nacog), Houston, LAREDO, TX, Monroe-El Dorado, Fort Smith-Fay-Springdale-Roge, LITTLE ROCK-PINE BLUFF, New Orleans, Oklahoma City, Wichita Falls & Lawton, Odessa-Midland, Harlingen-Weslaco-Brownsville, Lafayette, LA, LAKE CHARLES, LA, Alexandria, LA, San Antonio, Tulsa, Atlanta, Birmingham, Raleigh-Durham, MIAMI-FT.LAUDERDALE, Biloxi-Gulf Port, Tampa-St.Pete, Sarasota, Columbia, SC, Charleston, SC, Greenville-N.Bern-Washington, Orlando-Daytona Bch-Melbrn, Ft.Myers-Naples, Macon, Augusta, Mobile-Pensacola, Jacksonville-Brunswick, Tallahassee-Thomasville, Charlotte, Gainesville, Dothan, Panama City, Savannah, Chattanooga, Greensboro-H.Point-W.Salem, Huntsville-Decatur (Flor), West Palm Beach-Ft.Pierce, Greenvll-Spart-Ashevll-And, Florence-Myrtle Beach, Columbus-Tupelo-West Point, KNOXVILLE, Nashville, Jackson, MS, Memphis, Tri-Cities, TN-VA, Wilmington, Madison, Peoria-Bloomington, La Crosse-Eau Claire, Wausau-Rhinelander, Fort Wayne, Flint-Saginaw-Bay City, Youngstown, Traverse City-Cadillac, Toledo, Lansing, Marquette, Lafayette, IN, Milwaukee, Cleveland, Grand Rapids-Kalmzoo-B.Crk, Cincinnati regardless of buyer’s residency. Void where prohibited. Lease Customer Cash is only available on participating Mazda Dealer’s current inventory, which is subject to availability. Offer ends 9/5/2023 and you must take delivery prior to expiration of offer. See participating Mazda Dealer for complete details.

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Could be a good great deal depending on MF. Where did you see 71% RV?

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Edmunds says .00314 MF and 60% residual.

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Maybe it’s 24m