Can you help me value this car? Decide whether to buy out lease?

[ballpoint]

I am coming to the end of a lease and trying to figure out whether to buy the car or what. Here's what I've got:

2009 Mazda 3 GT sedan, black mica
Air conditioning, moonroof
15,000 KM almost exactly (yes, fifteen thousand)

[cwp_sedan]

What is the buyout price?

[ballpoint]

$10,500

[vinnierap]

You can easily sell it for 15 000. If you are planning on re-leasing another car I would suggest seeing what kind of deal they will give you off a new car. The dealership can list this car for 17 000 and still make a good profit. See what kind of incentive they will give you and make your decision from there.

[Jeff-TheBiz]

$10,500

$10,500 otd?

Or is it $10,500 + HST + Admin + Safety + E-Test = approx $12500?

[ballpoint]

It's $10,500 plus admin + safety + HST = approx $12500.

[Fuyuzora]

Unless you managed to: (crash it, drive it into flood waters, had a major crime take place inside it, or suffered a mold/mildew outbreak in the interior) in the span of the 15,000kms you've had it, then you should be able to sell that car for upwards of $15,000 with ease.

[ballpoint]

It's in mint condition. Oh, also it has dealer tints.

[zzz3]

It's $10,500 plus admin + safety + HST = approx $12500.

you can flip it for a quick 2-3k easily with little effort

[mazda_gurl]

Agree with others - Buy it out then resell it for some coin.

Then just use a zipcar for your errands until you decide on your next vehicle.

[Dreamliner]

Why not keep it? It's not old at all and low mileage.

[ballpoint]

Why not keep it? It's not old at all and low mileage.

Cashflow over the next few months is the main reason. I'm not taking out any loans. I work for myself and the past couple years have really sucked (put way too much time/energy into a couple things that went NOWHWERE). It makes more financial sense for me to get a new lease for lower payments with no money down (in a slightly nicer car than I've got now), and put the buy-out $ towards paying down all my accounts that are now accruing significant interest every month.

I realize that based on what I just said I should buy the car and then sell it for the almost-assured profit.. but I have no experience doing such things and the prospect of placing ads, meeting buyers, doing paperwork literally gives me gut-tension.

[ballpoint]

If anyone's curious I said **** it and leased a 2012 M3 GT.

[Jeff-TheBiz]

If anyone's curious I said **** it and leased a 2012 M3 GT.

I was curious.

[Shizuka_Osamu]

buy out to keep or return lease.
do not buy to sell.

[SKYMP3]

buy out to keep or return lease.
do not buy to sell.

Exacctly, not worth the hassle.
I doubt you pocket 2-3 after the tax and the dealer fee.

For $500-$1000, i have to pay $125k up front and make sure I find a buyer before it depreciate. Unless you have to fix those dings and dents that would cost you more to return it. Otherwise, buy it for your own or return it.

[S.F.W.]

If anyone's curious I said **** it and leased a 2012 M3 GT.

in that case, thread locked.