forum threadgrazhoppa posted Aug 24, 2023 09:33 PM
forum threadgrazhoppa posted Aug 24, 2023 09:33 PM
2024 mazda cx-90 p-hev $7,500 lease customer cash
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I just received an email from a local Mazda dealer offering $7500 customer lease cash. The details are follows:
2024 CX-90 P-HEV - 5 or more at this offer. Example Stocks: 240021, 240030, 240034, 240049, 240037, 240033. $549/Month, 24-Month Lease, $0 due at Lease Signing + first month's payment. Monthly payment includes $650 acquisition fee. No security deposit required. Excludes taxes, title and fees. MSRP plus destination charge. Dealer participation required. On Approved Credit. Not all lessees will qualify for lowest payment through participating lender. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 30,000 at $0.15/mile. Take new retail delivery from dealer stock by 8/31/2023. Residency restrictions may apply. See participating dealer for qualifications.
Checking with Mazda USA and it does confirm the $7500 lease cash. You can contact your local dealer to negotiate a lower cap cost and work out an even better deal. If you plan to buy out the SUV at the end of the lease, make sure your TOTAl cost (drive-offs, monthly payments including tax/license, and buy out cost at lease end) does not exceed the MSRP. This is just a guide for people who have never leased a vehicle before. BTW, please save your arguments between purchase and lease, EV or gasoline elsewhere.
The $339/mo lease offer on Mazda requires $4162 due at signing and 10,000 miles/yr. The CX-90 P-HEV sticker is around $50k. Also, please check with your state if there might be additional rebates for plug-in EVs. I do not see this Mazda on the CA website yet. Perhaps it's too new and not yet listed.
https://www.mazdausa.co
2024 CX-90 P-HEV - 5 or more at this offer. Example Stocks: 240021, 240030, 240034, 240049, 240037, 240033. $549/Month, 24-Month Lease, $0 due at Lease Signing + first month's payment. Monthly payment includes $650 acquisition fee. No security deposit required. Excludes taxes, title and fees. MSRP plus destination charge. Dealer participation required. On Approved Credit. Not all lessees will qualify for lowest payment through participating lender. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 30,000 at $0.15/mile. Take new retail delivery from dealer stock by 8/31/2023. Residency restrictions may apply. See participating dealer for qualifications.
Checking with Mazda USA and it does confirm the $7500 lease cash. You can contact your local dealer to negotiate a lower cap cost and work out an even better deal. If you plan to buy out the SUV at the end of the lease, make sure your TOTAl cost (drive-offs, monthly payments including tax/license, and buy out cost at lease end) does not exceed the MSRP. This is just a guide for people who have never leased a vehicle before. BTW, please save your arguments between purchase and lease, EV or gasoline elsewhere.
The $339/mo lease offer on Mazda requires $4162 due at signing and 10,000 miles/yr. The CX-90 P-HEV sticker is around $50k. Also, please check with your state if there might be additional rebates for plug-in EVs. I do not see this Mazda on the CA website yet. Perhaps it's too new and not yet listed.
https://www.mazdausa.co
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I just received an email from a local Mazda dealer offering $7500 customer lease cash. The details are follows:
2024 CX-90 P-HEV - 5 or more at this offer. Example Stocks: 240021, 240030, 240034, 240049, 240037, 240033. $549/Month, 24-Month Lease, $0 due at Lease Signing + first month's payment. Monthly payment includes $650 acquisition fee. No security deposit required. Excludes taxes, title and fees. MSRP plus destination charge. Dealer participation required. On Approved Credit. Not all lessees will qualify for lowest payment through participating lender. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 30,000 at $0.15/mile. Take new retail delivery from dealer stock by 8/31/2023. Residency restrictions may apply. See participating dealer for qualifications.
Checking with Mazda USA and it does confirm the $7500 lease cash. You can contact your local dealer to negotiate a lower cap cost and work out an even better deal. If you plan to buy out the SUV at the end of the lease, make sure your TOTAl cost (drive-offs, monthly payments including tax/license, and buy out cost at lease end) does not exceed the MSRP. This is just a guide for people who have never leased a vehicle before. BTW, please save your arguments between purchase and lease, EV or gasoline elsewhere.
The $339/mo lease offer on Mazda requires $4162 due at signing and 10,000 miles/yr. The CX-90 P-HEV sticker is around $50k. Also, please check with your state if there might be additional rebates for plug-in EVs. I do not see this Mazda on the CA website yet. Perhaps it's too new and not yet listed.
https://www.mazdausa.co
2024 CX-90 P-HEV - 5 or more at this offer. Example Stocks: 240021, 240030, 240034, 240049, 240037, 240033. $549/Month, 24-Month Lease, $0 due at Lease Signing + first month's payment. Monthly payment includes $650 acquisition fee. No security deposit required. Excludes taxes, title and fees. MSRP plus destination charge. Dealer participation required. On Approved Credit. Not all lessees will qualify for lowest payment through participating lender. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 30,000 at $0.15/mile. Take new retail delivery from dealer stock by 8/31/2023. Residency restrictions may apply. See participating dealer for qualifications.
Checking with Mazda USA and it does confirm the $7500 lease cash. You can contact your local dealer to negotiate a lower cap cost and work out an even better deal. If you plan to buy out the SUV at the end of the lease, make sure your TOTAl cost (drive-offs, monthly payments including tax/license, and buy out cost at lease end) does not exceed the MSRP. This is just a guide for people who have never leased a vehicle before. BTW, please save your arguments between purchase and lease, EV or gasoline elsewhere.
The $339/mo lease offer on Mazda requires $4162 due at signing and 10,000 miles/yr. The CX-90 P-HEV sticker is around $50k. Also, please check with your state if there might be additional rebates for plug-in EVs. I do not see this Mazda on the CA website yet. Perhaps it's too new and not yet listed.
https://www.mazdausa.co
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$346 a month / 33
$3,949 due at lease signing.
Includes $7,500 Lease Customer Cash offer.
10,000 miles/year. No security deposit required. Monthly payment includes $650 acquisition fee. Excludes tax, title, license, and dealer options and charges.
Only apply to in-stock inventory and limited stock everywhere and the expiration date is early next month. So very likely you will end up with undesired color.
BTW, when you say total cost less than MSRP, does it include things like acquisition fee and any dealer charges? how about license/tax/delivery fees?
I was planning to lease then buy-out immediately but was told I have to keep the lease for at least 12 months. Not sure if it is dealer bluffing or it is real case.
https://www.youtube.com/watch?v=Dral93g
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When you buy, the price is what you pay upfront or finance. With financing you borrow money and pay back the loan over a period of time with added interest.
When you lease a car you are using it for a fixed amount of time (typically two or three years). Your payments are based on the residual(remaining) value of the car by the end of the lease term. A car typically is worth around 50% to 60% of its original value after 3 years. As with financing, part of your lease payment also has an interest component. With leasing you typically have the option to purchase the car at the end of the lease or any time during the lease, based on the current value which is your negotiated price minus minus the depreciation portion of any lease payments you've made.
I'm guessing someone that wants to lease, then buy the car immediately would rather get the $7500 tax credit upfront applied to the price of the car, than wait and get the credit sometime around May of next year after they file their 2023 tax return. If they are filing on extension, it might take until November of next year to see a refund.
Also not everyone qualifies for the 7500 EV credit because they either make too much money or not enough.
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And also very expensive consider what they are offering, I am referring to the quality and feature of the car.
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Now take a look at the Mazda lease offer on the same car. $339/mo + tax baked into the lease and I am guessing about $25/mo and let's use $26/mo to make it even for a total of $365/mo ($339 + 26 tax). $365 x 33 months is $12045. Add it to the initial $4162 due at lease signing. Your total monthly lease payment is $16207. But look at the option to purchase the car at the end of the lease, it's only $33686. Add the two numbers and it's less than $50,000. You can debate whether you need to finance the final buy-out or trade it in, etc. It's up to you. The lease terms right now on this PHEV SUV is the same as an Accord. That's crazy!
$339 a month / 33 months
$4,162 due at lease signing.
Includes $7,500 Lease Customer Cash offer.
10,000 miles/year. No security deposit required. Monthly payment includes $650 acquisition fee. Excludes tax, title, license, and dealer options and charges.
VIEW INVENTORYGET A QUOTE
Includes $7,500 Lease Customer Cash offer. Terms available on approved credit only to very well-qualified lessees through Mazda Financial Services and participating dealers. Lease example based on vehicle MSRP of $47,445 plus $1,375 destination charge (Alaska $1,420). Payment based on capitalized cost of $37,497. Dealer contribution may vary and could affect lease payment. Individual dealer prices, other terms and offers may vary. Must lease from participating dealer's stock and terms are subject to vehicle availability. Lessee responsible for maintenance, excess wear and use, and will pay $0.15 per mile for all mileage over 10,000 miles per year. Purchase option at lease end for $33,686 plus tax. $350 disposition fee is due at lease end. Void where prohibited. Offer ends 8/31/2023 and you must take delivery prior to expiration of offer. See participating Mazda Dealer for complete details.
$346 a month / 33
$3,949 due at lease signing.
Includes $7,500 Lease Customer Cash offer.
10,000 miles/year. No security deposit required. Monthly payment includes $650 acquisition fee. Excludes tax, title, license, and dealer options and charges.
Where did 346 come from? I'm not seeing that rate on the dealers website. Still shows 700+ a month. Sorry if I'm doing something wrong..
NM. Found it. I had the wrong trim level selected.
This car doesn't qualify for the $7500 credit at all if buying it.
Leasing gets around that because the leasing company DOES qualify as a commercial purchase and may pass that savings through in the lease (not everyone does though)
https://fueleconomy.gov/feg/tax2023.shtml
That's all the vehicles that qualify for non-commercial purchase- Mazda has none.
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Money factor is high at the moment, if you plan to buy the vehicle, you can lease the car(get the credit immediately), and request to buy the car out literally the next day. This way you avoid the high financing charges aka money factor.
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https://www.youtube.com/watch?v=Dral93g
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