Mazda3 Forums banner
1 - 7 of 7 Posts

· Registered
Joined
·
3 Posts
Discussion Starter · #1 ·
My wife is looking to get a 2010 Mazda 3 hatchback GT 6spd. At the moment we are leasing a 2006 mazdaspeed 6. It is 3 year lease and she goes back November 2009. Only have 15,000 miles! It's half of what we are supposed to put on it.

My question is could I get out of my lease early to get another Mazda? Do we have to wait Untill November to give it back? Are there deals for getting another Mazda?

This is my first leased car so I have no idea what can be done.
 

· Registered
Joined
·
30,624 Posts
[quote author=nd4spd 4 a ms3 link=topic=141266.msg3044034#msg3044034 date=1239109415]
My wife is looking to get a 2010 Mazda 3 hatchback GT 6spd. At the moment we are leasing a 2006 mazdaspeed 6. It is 3 year lease and she goes back November 2009. Only have 15,000 miles! It's half of what we are supposed to put on it.

My question is could I get out of my lease early to get another Mazda? Do we have to wait Untill November to give it back? Are there deals for getting another Mazda?

This is my first leased car so I have no idea what can be done.
[/quote]

What is the buyout on the car as it stands? With only 15k on it, the car may be worth more than what is owed. You could try to sell the car for more than what you "owe" on it. Give the financing company a call and ask them for a "buyout" price. Do some research on what the 06's are going for.
 

· Registered
Joined
·
3 Posts
Discussion Starter · #4 ·
This is just a general question for any salesmen or if any one has done this before. I'm going back to my dealer I got the speed from just didn't want To get involved with a salesmen yet.
I think used speeds go for $17,000-$18,000. I didn't know I can sell a lease.

thanks for the info
 

· Registered
Joined
·
30,624 Posts
absolutely. If you have way less miles on it, and your buyout is low enough, sometimes you can actually make money by selling the car.

In essence, you would be purchasing the car for the buyout price that's in your contract + the principal in your remaining payments then selling it.
 

· Registered
Joined
·
879 Posts
yup.. with leases you have two options.. take it back, or sell it for the buyback or more. The lease company only needs the buyback amount, so anything over you pocket.. if you don't sell if for more or the amount, then just turn it in.
 

· Registered
Joined
·
3 Posts
Discussion Starter · #7 ·
Ok thanks

I really wasn't looking to sell it. I was wondering if mazda dealer would take it back early for a trade for a new mazda and not have to pay out of pocket.

I'll end up going to my local dealer next week see what they say.
 
1 - 7 of 7 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top