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That's right, depreciating value is actually a good thing, maybe even a GREAT thing as it pertains to new vehicle leasing. The base payment is based on this value, crazy right? Why in the world would this be a GREAT thing you ask? Well, if we understand lease residual value then this would be the next part of the lease puzzle that we need to uncover. more It Is Puzzling! Depreciation, as it relates to new vehicles, has always been shared in this manner.. "New cars lose 20% when you drive them off the lot" or "When you sign your name on the dotted line" etc. Either way this is referring to the depreciated value at time of purchase, whatever percentage of depreciation you choose there is truth to it. Knowing the new vehicle depreciated lease value can come in very handy. So What Does It Mean? Actually its all in the phrase. Follow along, if the selling price of the new vehicle is $34,560 and the residual value is $22,809.60 this would leave the balance in between these numbers as the new vehicle lease depreciated value. The value today is $34,560 and the forecasted value in 33 months is $22,809.60 so the difference of the two is considered depreciation or the "Depreciated Value". Pretty simple actually. Well it will be once we uncover the "Capitalized Cost" of the new vehicle which will not be today. Okay, So Now What? What? This wasn't exciting enough for you? Yea, agreed, this is pretty Mundane information but to understand the basic leasing structure can be very helpful when discussing terms with your local car dealership. If you know the residual is based on 60% then that leaves the remaining 40% as depreciation? Far higher than the 20% from earlier. Would you want to own that car now? Not me, I'd rather borrow it for less then a few years and walk away.

Clean New vehicle and Energy Tax Credits! $7,500 Tax Credit? Sign Me Up! Clean new vehicle and energy tax credits seems to be picking up steam. Lets take a moment and exhale. There is a road map to get there ( compliments of the IRS) but the hoops may be exhausting. The first place to start is your budget, will the deal make sense financially? You need to know your annual income structure to begin with. Referred to as "Modified Adjusted Gross Income" which is part of your AGI, here is the IRS definition of both. Here is the simpler version. Your modified adjusted gross income ( AGI) may not exceed: more $300,000 for married couples filing jointly $225,000 for heads of households $150,000 for all other filers Example ( courtesy of IRS) Adjusted Gross Income (AGI) =gross income–adjustments Gross Income =Total income. Income from all sources of income. Adjustments =Expenses the taxpayer paid for with income that the government deems should not be taxed. Bob’s Income: $50,000 salary/wages $12,000 in rental income $8,500 wages earned as a part-time Uber driver $500 from interest from bonds Gross Income=$71,000 Adjustments from his gross income: $250 in educator expenses $2,500 in student loan interest Adjustments=$2,750 Subtracting the Adjustments ($2750) from the Total Income ($71,000), Bob’s AGI is $68,250. So far So Good?.. Great Lets keep going! more Clean new vehicle and energy tax credits qualification First they need to meet the initial two "clean" criteria. The clean new vehicle and energy tax credits requirements will set the tone of vehicle choice in other words Make & Model. There are a total of two requirements that must be met to receive the $7,500 tax credit.  They both have a value of $3,750. Lucky for you they're listed below with the definition. Critical Mineral Requirement To meet the critical mineral requirement and be eligible for a $3,750 credit, the applicable percentage of the value of the critical minerals contained in the battery must be extracted or processed in the United States or a country with which the United States has a free trade agreement, or be recycled in North America. Read here for more information from the Treasury Dept. Battery Component Requirement To meet the battery component requirement and be eligible for a $3,750 credit, the applicable percentage of the value of the battery components must be manufactured or assembled in North America. Read here for more information from the Treasury Dept. If the vehicle you're deciding on fails to meet either of these requirements it will not qualify adversely if it qualifies for one (or the other) lets take a look at the additional requirements to qualify under the clean new vehicle and energy tax credits. Income ⇒ Battery ⇒ Minerals ⇒ Oh My! Now What? more There is always more but it will get easier or maybe less confusing, or not. We have covered the basics needed to make an informed decision so now lets go 3rd level and learn more about the clean new vehicle and energy tax credits. To qualify clean as a new vehicle and energy tax credits vehicle, it must: Have a battery capacity of at least 7 kilowatt hours Have a gross vehicle weight rating of less than 14,000 pounds Be made by a qualified manufacturer. FCVs do not need to be made by a qualified manufacturer to be eligible. See Rev. Proc. 2022-42 for more detailed guidance. Undergo final assembly here in North America Meet critical mineral and battery component requirements (as of April 18, 2023). The sale qualifies only if: You buy the vehicle new The seller reports required information to you at the time of sale and to the IRS. Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit. In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed: $80,000 for vans, sport utility vehicles and pickup trucks $55,000 for other vehicles MSRP is the retail price of the automobile suggested by the manufacturer, including manufacturer installed options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay. You can find your vehicle's weight, battery capacity, final assembly location (listed as “final assembly point”) and VIN on the vehicle's window sticker. The contents in this post is a collective of information found on the IRS website. It is recommended to advise a tax advisor and also review the IRS website under the heading Credits for new clean vehicles purchased in 2023 or after. Happy Shopping!

SEEMS CONFUSING Deciding on a lease can be tiring and confusing. Sometimes dealers don't explain it well or customers don't understand. But one thing is clear: leasing a new car can be just as beneficial as buying with cash or financing. Lets look at the basics of a lease starting with the residual value. L ease calculators are available online, but they could be useless unless you understand what they’re asking you. SO WHAT DOES “RESIDUAL VALUE LEASE” MEAN? more What is residual value in a car lease? Residual value is the starting point for a lease, set by a company like ALG, owned by JD Power. You can see how many sources affected this predicted value, but one significant contributing factor was the pandemic. It caused a huge disruption to the economy, unlike anything we've seen before. Supply and demand determine value. The pandemic and a fire at the Renesas plant caused supply chain issues and a microchip shortage. These factors greatly affected today's market. ALRIGHT, GREAT, SO SHOW ME ALREADY! Calculate Base Residual Value as a percentage. Let's try this out. 2024 Mazda CX-5 Carbon Edition MSRP – $34,560 Base Residual – 63% at 33 months Standard lease mileage is typically 15,000 per year The estimated annual mileage adds 2% at 12,000 miles. The estimated mileage adds 3% at 10,000 miles per year. Lets figure 10,000 miles per year 63% + 3% = 66% residual value $34,560 – 66% = $22,809.60 residual value Now we have the remaining value of the Mazda CX-5. After 33 months, you will know how much you can pay for it. This is what residual value lease means in the car sales industry. Next we’ll look at depreciated value and what it is and how it relates.

The 2024 Mazda CX-90 is sure to provide a futuristic driving experience, whether you like staying connected on the go or you’re searching for the latest in safety and driver assistance technology. Visit Baglier Mazda to test out some of the futuristic features that the 2024 Mazda CX-90 has to offer, including the following. more Advanced Safety Features You deserve peace of mind on every ride, and you’ll have it when you get behind the wheel of the 2024 Mazda CX-90. These are just a few of the high-tech safety features this model has to offer: Blind spot monitoring Rear cross traffic alert Lane departure warning system Vehicle exit warning Driver attention alert Advanced Security and Support Features No matter where the next ride might lead, you’ll be protected and connected out on the open road. That’s because the 2024 Mazda CX-90 comes with emergency and support features like Mobile 911 automatic emergency notification, Mazda Connected Services, and the Mazda Navigation System to ensure you always arrive on time. Advanced Entertainment and Streaming Features You’ll also want to check out the latest entertainment features available in the 2024 Mazda CX-90. Whether you love listening to music, books, or podcasts on the go, the 2024 Mazda CX-90 is the vehicle you can rely on. You’ll have the choice of an eight-speaker audio system and a 12-speaker Bose® Centerpoint® Surround Sound System with AutoPilot®. It also comes with available wireless phone charging, Bluetooth® hands-free phone and audio streaming capability, and access to Apple CarPlay™ and Android Auto™. Experience the 2024 MAZDA CX-90 in Butler, PA These are just a few of the futuristic features and programs you’ll find when you get behind the wheel of the 2024 Mazda CX-90. Visit Baglier Mazda to take a test drive today.

When it comes to purchasing a new vehicle, our dealership has more than one reward by Mazda that will help to make the decision easy. The team at Baglier Mazda believes that luxurious, exciting, and performance-ready vehicles should be available within your budget, and we’re helping you take home the cars you love with the Mazda Loyalty Reward Program. more MAZDA Loyalty Reward Program: A Closer Look What are the benefits of joining the Mazda Loyalty Reward program? The Mazda Loyalty Reward program is designed for drivers looking to purchase a new Mazda vehicle, like a 2022, 2023, or 2024 model (with the exception of the Mazda CX-3). When you purchase a brand-new model from those years, you’ll enjoy savings of up to $500, and all you have to do is show your registration, sales contract, and driver’s license. One of the reasons the Mazda Loyalty Program really stands out is because you can combine it with other offers, including lease offers, customer cash back, and APR incentives, as well as the Military Appreciation Bonus. You can also transfer the benefits within your household if you live at the same address. Reward by MAZDA Options at Our Dealership At Baglier Mazda, you’ll find the Mazda Loyalty Reward Program and other programs designed for responsible drivers like you. These are just a few of the other ways you can save when you come down to our dealership: Baglier Mazda’s Buyer Program Bad or no credit approval Vehicle trade-in value estimator New Mazda specials and incentives Baglier Mazda Specials Join the MAZDA Loyalty Reward Program at Baglier Mazda Find out how the Mazda Loyalty Reward Program can work for your needs here at Baglier Mazda. Explore our growing collection of Mazda vehicles and enjoy savings on the cars you like best with support from our dealership today. See you soon!

When it comes to that extra peace of mind out on the open road, Mazda Roadside Assistance just can’t be beat. You’ll be protected, connected, and supported no matter what the next drive might bring, which means you can focus on the next great adventure. Visit Baglier Mazda to learn about the benefits for yourself today. more MAZDA Roadside Assistance Explained You might be wondering if Roadside Assistance is right for you, but don’t worry. Mazda support actually comes standard with the purchase of any new Mazda or Certified Preowned vehicle. You’ll have coverage for the length of your New-Vehicle Limited Warranty and Powertrain Warranty. You’ll also have the option of extending or adding coverage under a Mazda Added Protection program. What’s Covered Under MAZDA Roadside Assistance? Mazda Roadside Assistance is available 24 hours a day and seven days a week, and you’ll easily be able to chat with a live agent when you need support, or request support via the app. Under this Mazda program, you’ll have coverage for all your immediate roadside needs, like gas fill-ups, tire changes, lock-out assistance, and battery jumpstarts. You’ll also have Mazda tow coverage, in the event of an accident. With Mazda Roadside Assistance, reimbursements are a given. If you need to hire a local tow team, you’ll be reimbursed for some or all of the costs. If your trip has been interrupted or delayed due to an accident or vehicle damage, trip reimbursement coverage will be provided for lodging or other transportation, as long as you’re a certain distance from home. Learn More About MAZDA Roadside Assistance in Butler, PA There are many benefits to getting roadside assistance from Mazda. Learn about all the ways this program can protect you and your family with the support of Baglier Mazda today.

Mazda vehicles are designed to last, which means even a pre-owned model offers safe and reliable driving that will protect you and your family during every ride. The 2019 Mazda CX-3 Sport was given a five-star Overall Safety Rating by the Insurance Institute of Highway Safety (IIHS), thanks to an impressive range of driver assistance features and a reliable build from the bottom up. Baglier Mazda is sharing top tips for improving and maintaining the reliability of your 2019 Mazda CX-3 Sport — read on to explore them all! more Check the Auto Manual The best way to create a service schedule that meets the needs of your vehicle is to check the auto manual regularly. It will let you know when your vehicle is due for regular maintenance, and it’ll also keep you informed on the signs and indications to watch for that your car needs care. Use High-Quality Parts You’ll have lots of different options to pick from when it comes to parts and accessories for your 2019 Mazda CX-3 Sport. And when you use high-quality parts, like the genuine Mazda parts we offer here at Baglier Mazda, you’ll be able to keep your car safe, and to save on repairs and replacements. Follow a Regular Service Schedule The best way to keep your car safe is to bring it in for regular inspections and service. Our team will be able to check for signs of wear or damage and address them as soon as possible, which means more reliable Mazda driving for longer. Keep Your 2019 MAZDA CX-3 Sport in Great Shape Baglier Mazda is the dealership you can turn to for your next 2019 Mazda CX-3 Sport and the service that will keep it safe and reliable on every new drive. Visit our dealership for maintenance and care you can trust today.

The 2023 Mazda MX-5 Miata is the latest in an exciting lineup of sporty performance vehicles that have captured hearts around the world. Here at Baglier Mazda, we’re dedicated to matching you with the vehicles we know you’ll love, which is why we’re excited to share a closer look at the history of the Mazda MX-Miata. more MAZDA MX-5 Miata: Early History The Mazda MX-5 was first introduced in 1989, at a time when few sporty, affordable models were still available. It filled in a market gap where Triumph and FIAT models had once been, and where the still-available Alfa Romeo models were too costly. Demand for such a car was clear from the moment the Mazda MX-5 Miata hit the market. That first-generation car sold nearly a quarter of a million models in the United States alone, between 1989 and 1997. The early Mazda MX-5 Miata won numerous awards, and several new models followed. The second-generation lasted from the 1999 model year to 2005, a vehicle that could go from zero to 60 in 6.7 seconds. The third-generation model was introduced in 2005 and produced until 2015. MAZDA MX-5 Miata: Modern History The current and fourth generation of the Mazda Miata MX-5 was first introduced in 2014, for the 2015 model year. It was updated for horsepower and design in 2019, and this generation has continued to win awards, including the Car of the Year Japan Award and a position on Car and Driver’s 10 Best List multiple years in a row. Today, the 2023 Mazda MX-5 Miata is more popular than ever. It’s equipped with a 2.0-liter four-cylinder engine that produces up to 181 horsepower and 151 lb-ft of torque—more than enough power to make its ancestors proud. Put the 2023 MAZDA MX-5 Miata to the Test The 2023 Mazda MX-5 Miata is just one of the many exciting Mazda vehicles you’ll find here at Baglier Mazda. Join into a legacy of can’t beat cars with a drive at our dealership today.

What makes the 2023 Mazda3 Sedan the vehicle you can rely on for every family drive and daily commute? Not only is it equipped with a powerful engine and sporty handling features, but it comes with safety and driver assistance programs that make the difference. The 2023 Mazda3 Sedan is available here at Baglier Mazda when you’re ready to test out safety features firsthand. more Reviews From the Experts When it comes to the 2023 Mazda3 Sedan, you don’t need to take our word for it. Just listen to what the automotive experts have to say. The 2023 Mazda3 Sedan was named a Top Safety Pick+ by the Insurance Institute of Highway Safety, along with the 2023 Mazda3 Hatchback. These two models were the only vehicles in the Small Cars category to achieve the highest rating of “Good” in the updated and tougher side crash test. It was also given a five-star rating in the Frontal Crash and Rollover categories by the National Highway Traffic Safety Administration, who has not yet released full test results. Safety Features for Every Drive You’ll have peace of mind every time you get behind the wheel of the 2023 Mazda3. That’s because it comes equipped with driver assistance features for visibility, traffic support, and braking, including some of the following: Smart brake support Lane departure warning system Lane-keep assist Driver attention alert Available blind spot monitoring Available rear cross traffic alert Experience 2023 MAZDA3 Sedan Safety for Yourself There’s no better way to check out all that the 2023 Mazda3 has to offer than to come down to Baglier Mazda in Butler, PA. We’re dedicated to matching you with a safe and reliable car, and we know you’re going to love the 2023 Mazda3 Sedan from that first drive. Take it for a spin at our dealership today.

Here at Baglier Mazda, we believe the Mazda financing process should be easy and accessible, even for first-time buyers. That’s why we’re sharing all you need to know about financing your very first car. Here are some tips and tricks to help you find a vehicle you love — at a price you love. more Check Your Credit Score It’s important to check your credit score before you begin the vehicle purchasing process. First-time buyers may not realize that credit plays a very important role in the new vehicle purchasing process. In fact, it may even be worth it to take some time to raise your credit score, in order to be eligible for more favorable terms. Use the 20/4/10 Rule If you’re not sure where to start when it comes to the vehicle financing process, you can always refer to the 20/4/10 rule. The guideline suggests that you should put no less than 20% of the total vehicle cost down on the day of purchase, and that you pay your vehicle off in around four years. It also recommends that your total monthly transportation costs, including car payment, fuel, and insurance, do not exceed 10% of your total monthly income. If applying the 20/4/10 rule to your dream vehicle puts it out of your price range, it may be worthwhile to shop around for other options or consider getting a high-quality pre-owned model. Stick to Cars in Your Budget Speaking of price ranges: once you’ve set your budget based on your credit score and auto loan options, you’ll want to narrow your vehicle search. To prevent heartbreak later on, you may want to only test drive and research Mazda cars whose prices fall within the confines of your budget. No matter what your financing needs may be, from a first-time purchase to a Mazda trade-in, Baglier Mazda is here to help. Get started with the support of our expert financing team today!

The 2023 Mazda CX-30 is the do-it-all crossover SUV that’s designed with you in mind. It’s innovative and advanced when it comes to features for tough terrains or tight city streets, and with seven unique model options to pick from, it’s easy to find a 2023 Mazda CX-30 that you love. The 2023 Mazda CX-30 is available here at Baglier Mazda for all types of driving needs, including the following. more Family Driving The 2023 Mazda CX-30 is designed to keep you safe. That’s why it comes equipped with top driver assistance features that protect you and your loved ones on every ride, including: Smart brake support Lane departure warning system Lane-keep assist Driver attention alert Available blind spot monitoring Off-Road Adventuring Are you looking to take your new Mazda SUV off the paved roads and somewhere unexplored in the new year? It’s easy in a 2023 Mazda CX-30. It comes with a standard i-ACTIV AWD® system with off-road Traction Assist, as well as off-road ready features like dynamic stability control with the traction control system and an independent MacPherson strut front suspension. Road Tripping The 2023 Mazda CX-30 also delivers on plenty of space and capability for a comfortable road trip, no matter where your next destination may be. It comes with two reliable and powerful engine options, a 2.5-liter four-cylinder engine and 2.5-liter turbo four-cylinder engine, for a maximum power output of 250 horsepower and 320 lb-ft of torque. With all that power, you’ll have comfortable seating for five passengers and 20.2 cubic feet of cargo space when the seats are in use. The 2023 Mazda CX-30 can do safe family driving, off-roading, road tripping, and a whole lot more. Test out versatility, function, and capability for yourself with a ride at Baglier Mazda today.

Planning to take a trip for the holidays? Or perhaps you’ve got an adventure planned for some time next year? In either case, you need the right vehicle, and the 2023 Mazda CX-9 is ready to take you where you want to go. more Excellent Power and Towing Ability The Mazda CX-9 comes with a meaty turbocharged 2.5-liter four-cylinder engine that produces 227 horsepower and 310 lb-ft of torque. And if you put premium gas into your vehicle, those numbers increase to 250 horsepower and 320 lb-ft of torque. A six-speed automatic transmission is standard, as is all-wheel drive. If you’ll be towing a small camper or boat, you will be glad to know that your SUV will be able to tow up to 3,500 pounds when properly equipped. A Spacious Cabin You’ll have no problem bringing along a bunch of people on your trip, as the Mazda CX-9 fits up to seven passengers. It’s also extremely comfortable. Standard features include: An eight-way power-adjustable driver's seat A six-way power-adjustable passenger seat Leather upholstery Heated front seats A leather-wrapped steering wheel and shift knob You can also get ventilated front seats, heated second-row seats, and Nappa leather upholstery. Tons of Cargo Room Because you will probably need to bring luggage and other stuff with you on your out-of-town excursions, you should know that the Mazda CX-9 has quite a bit of cargo space. It offers 14.4 cubic feet behind the back row, 38.2 cubic feet when it’s down, and 71.2 cubic feet with all rear seats folded. A power liftgate is standard, and you can upgrade to get a hands-free power liftgate. If you’d like to get a feel for what the new Mazda CX-9 can do out on the road, visit Baglier Mazda near Pittsburgh for a test drive.