Mazda CX-30: High Inventory, Leasing Offers, and Residual Value

TLDR; Mazda CX-30 has high inventory, strong residuals, and leasing offers, making it a good buy despite minimal discounts.

⚠️ High Inventory Advantage

Mazda has a substantial inventory advantage over its competitors like the Subaru Cross Trek, with around 9600 units of the 2024 CX-30 and 1000 units of the 2023 model.

This gives buyers more options and availability.

Compared to other vehicles, the Mazda CX-30 inventory stands at 10,600, which is notably higher than the Subaru Cross Trek, Nissan Kicks, Hyundai Konas, and Kia Seltos.

This high inventory provides potential buyers with more choices and flexibility.

📊 Residuals and Inventory by Trim

The 5-year residuals on the CX-30 are impressive, with the Super Cross Trek at about 70%, and the CX-30 at 61%.

The preferred package and premium trims have 2600 and 1600 units respectively, and there's an equal amount of top trims on dealership lots.

However, there's a limited number of the 's' trim.

The 5-year residuals on the CX-30 are strong, with the Preferred Package seeing 2600 units and the Premium having 1600 units.

The dealership lots have an equal amount of top trims, but there's a scarcity of the 's' trim.

💰 Pricing and Lease Offers

The MSRP of a 2.5S preferred package is around $37,710, with a markup of about 2.5%.

Realistically, the dealer is unlikely to give a significant discount, probably around $500 below the invoice.

Mazda is offering a 4.9% APR promotional rate at 60 months and a $500 loyalty rebate for loyal Mazda customers.

The lease program offers a 64% residual at 36 months for 12,000 miles a year and a 0.185 money factor, resulting in a monthly lease payment of around $400.

The Turbo Premium Plus leases out for around $485 at MSRP, while the S leases out for about $326.

📉 Leasing Concerns

The speaker rates the leasing situation for the CX-30 as a 'c minus', expressing disappointment that the vehicle is leasing at $400 when it should ideally be at $225-250.

The high lease cost compared to the expected leasing price is a cause for concern.

The speaker is concerned about the high lease cost of the CX-30, which is leasing at $400 when it should have been around $225-250.

This discrepancy leads to a lower rating for the leasing situation.

📈 Resale Value

The 5-year residual value of the CX-30 is high, which, when applied against the $30,000 MSRP, results in a retail residual of about $19,220.

The trade-in value is estimated to be around $15,000 to $16,000 at the dealer, with the 5-year trade-in value likely to be a bit lower than the 5-year retail value.

⏳ Used Inventory and Conclusion

The used 2020-2021 CX-30s are priced at around $23,000 to $24,000, making the speaker recommend buying a brand new CX-30 instead of a used one, especially due to the promotional APR and the vehicle's high resale value.

The speaker suggests buying a brand new CX-30 instead of a used one, considering the promotional APR, minimal depreciation, and lower interest payments.

The used 2020-2021 CX-30s are priced at around $23,000 to $24,000, making the new purchase more attractive.