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Prices Paid: Buying & Leasing Experiences Mazda3 Lease Questions
445 messages, Last post on Nov 23, 2009 at 6:54 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: stallionre (Apr 09, 2007 9:47 am) my brother-in-law is actually saving money by leasing. he plans to buy the car at the end of the lease, but thanks to the subsidized rate through mazda, he will be saving about $400 by taking the 27-month lease now and financing the balance for 36 months later compared with financing the full amount for 60 months now. This isn't a fluke. Take a look at volvo's recent programs, for instance. They were offering somewhere in the neighborhood of $6500 cash if you lease through an independent bank. That money ONLY applied to leases, not financing. So if you financed the car, you'd pay ALOT more for it. All things being equal, yes, it is probably safer to finance. But things aren't always equal. There are deals out there where leasing saves you money.
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Replying to: qbrozen (Apr 09, 2007 2:57 pm)
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Replying to: stallionre (Apr 09, 2007 3:23 pm) well, again, he does plan on keeping it. it just so happens that leasing and then buying out the lease is going to save him money in finance charges thanks to the low lease rate. I think that buying a car, with half down is the ideal. And again here, it really isn't as easy as a blanket statement. Every situation is different. As you said, depreciation is definitely something to take into consideration, as are interest rates. Let's say, for instance, you have $10k to put down. That $10k is probably invested somewhere earning interest (at least it should be). Now let's say the manufacturer you want to buy from has a low finance rate. It might be 1.9%, for instance. Your investment is making 4.5% in the meantime. Taking money out of that investment to buy the car would not be the ideal situation in this case. Its pretty much the same situation with leasing. For example, my Honda lease has a MF that is equivalent to something ridiculous like 1.9%. It would not have been in my best interest to finance it at 6% when I can take advantage of their subsidized lease rate. Just like my BIL is taking advantage of the Mazda program, which is at around 4%, rather than paying 6.5% on a 60-month loan.
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Replying to: qbrozen (Apr 09, 2007 4:53 pm) But in all fairness, a lease can be a great deal and/or buying a car right out can be a great deal. It all depends on many factors. 
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where should i be on payment for a 2007 mazda 4 door ' s grand touring auto...msrp around 23000..i would like to follow the 24 month program they have now...little as possible down...my use tax is 5%..thanks in advance..fred
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Replying to: fgaz1 (Apr 10, 2007 8:48 am) 
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Replying to: stallionre (Apr 10, 2007 9:59 am)
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Replying to: fgaz1 (Apr 10, 2007 10:30 am)
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Replying to: steevo (Apr 10, 2007 11:06 am)
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Replying to: fgaz1 (Apr 10, 2007 11:55 am) Anyway I am looking for same thing. Waiting for someone to post the April numbers. |
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