Well guys, it's finally over.....for now.
I dropped the car off today, Mazda has sent my leasing company the cheque.
Just as I thought to myself this morning after I pulled out to pass 2 cars, (70 to 140 in a blink) "Wow this car seems to get better every day"

Anyhow, I'm still thinking I might get another in the spring!

I'll be lurking periodically...

 

Did you get 2 cheques? How does it work for a lease?

Since I bought it, I got a cheque for the total, took it to the bank paid off my loan and got a cheque from them for the difference.

 

Mazda cuts two checks - one for you and one for the leasing company. When you return the car, you get yours immediately on the spot; the dealership then notifies ISG, and they overnight the buyout check to the leasing company.

 

Different process in Canada. I was leasing from an independant leasing company. One cheque to them-what they paid for the car. I wll get a cheque for the accessories.

A bit of a rip off, I'm out my upfront fees, like gas tax and admin. Also when the leasing company deducts their book value, I am out the interest and the monthly tax paid. Apparently if I had used Mazda Credit it may have been different.

 

I must say I was pleasantly surprised when I read the buyout offer. I was fully expecting to be out of pocket at least to some degree to cover the finance charges for the three months, but 'twas not the case.

 

I was out the interest but that's all no other fees or charges, or taxes.