I have been leasing a 2019 CX-5 GT. A year and a half ago, it was stolen and then sat in the repair shop for 11 months waiting for doors and other parts from Mazda. I got it back on the same day my lease expired, so I had to extend it 6 months just to take possession and check it out. Now that 6 month extension is up and I have about a week to decide what to do. I plan on purchasing it outright - it only has 20K miles and the residual value is quite low at $18K. But I don’t know if the accident would affect the original warranty (as a leased vehicle, would it still be covered by manufacturer drivetrain warranty?) or if an extended warranty is worth it (would the accident lead to “pre-existing” exclusions?).
Any advice is welcome! The dealership knows I want to buy it outright from Chase Bank (if I trade it in for another lease they’ll charge me $3K due to the accident), but they want to sell me an extended warranty. I have not gotten back to them to look at their warranty options and prices - waiting to see what info you all provide first. Thanks!
Any advice is welcome! The dealership knows I want to buy it outright from Chase Bank (if I trade it in for another lease they’ll charge me $3K due to the accident), but they want to sell me an extended warranty. I have not gotten back to them to look at their warranty options and prices - waiting to see what info you all provide first. Thanks!