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Mazda3 Lease Questions

445 messages,  Last post on Nov 23, 2009 at 6:54 PM

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What is this discussion about? Mazda MAZDA3, Car Leasing, Hatchback, Sedan


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#104 of 445
Re: Mazda3 4-door S Touring AT [qbrozen] by stallionre
Apr 09, 2007 (3:23 pm)
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Replying to: qbrozen (Apr 09, 2007 2:57 pm)

In that situation it works out well for the lease, however, if you plan to keep the car for more than 3 years, then leasing is not a good deal. Everyone knows that. It also depends on the depreciation of the car. I think that buying a car, with half down is the ideal.
#105 of 445
Re: Mazda3 4-door S Touring AT [stallionre] by qbrozen
Apr 09, 2007 (4:53 pm)
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Replying to: stallionre (Apr 09, 2007 3:23 pm)

if you plan to keep the car for more than 3 years, then leasing is not a good deal.
 
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.
#106 of 445
Re: Mazda3 4-door S Touring AT [qbrozen] by stallionre
Apr 10, 2007 (5:38 am)
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Replying to: qbrozen (Apr 09, 2007 4:53 pm)

This is true and I agree with you. It depends on the car the person and how much you want to put down. I didn't want to invest this money. I wanted to put it down on a car instead. I am tired of investing. I have been investing all my life and never spent money on a car like this before. It was time for me to start enjoying my money. I also wanted a low finance payment for three years at 1.9% therefore I put down 65%. I do know that investing the money earning more than say your interest rate of the car, would be a better choice. Lease vs. buying this is up to the person and how much money they have to work with. I am just talking from experience. I leased a 1999 Ford Escort Sport model and got screwed with that all the way around. The depreciation on that car was so drastic that I lost money and the interest rate at that time was high. Just like buying a house at that time, with good credit the interest rate was over 9% to me that is bad compared to 1.9% for a car and 5% for a house.
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.
#107 of 445
target payment for mazda 3 grand touring s by fgaz1
Apr 10, 2007 (8:48 am)
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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
#108 of 445
Re: target payment for mazda 3 grand touring s [fgaz1] by stallionre
Apr 10, 2007 (9:59 am)
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Replying to: fgaz1 (Apr 10, 2007 8:48 am)

Wow only 24 months plan. Little down, you will have a huge payment. My 2007 Mazda M3S GT OTD was $25K, I put down $15K. I owe 10K at 1.9% for 36 months, which equals $283.05 a month.
#109 of 445
Re: target payment for mazda 3 grand touring s [stallionre] by fgaz1
Apr 10, 2007 (10:30 am)
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Replying to: stallionre (Apr 10, 2007 9:59 am)

I should have said that i am looking to lease , not buy...thanks for the reply...fred
#110 of 445
Re: target payment for mazda 3 grand touring s [fgaz1] by steevo
Apr 10, 2007 (11:06 am)
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Replying to: fgaz1 (Apr 10, 2007 10:30 am)

This forum is called Lease Questions. WHat else would you have meant?
#111 of 445
Re: target payment for mazda 3 grand touring s [steevo] by fgaz1
Apr 10, 2007 (11:55 am)
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Replying to: steevo (Apr 10, 2007 11:06 am)

come on Steevo..cut me some slack...the post before mine was someone that thought i was doing a buy,not a lease...
#112 of 445
Re: target payment for mazda 3 grand touring s [fgaz1] by steevo
Apr 10, 2007 (12:44 pm)
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Replying to: fgaz1 (Apr 10, 2007 11:55 am)

Sorry bro! Meant it in a light hearted way. Some of my recents have ended up on the wrong boards.. Also its top of new page when I view it and I didn't see the previous post. I guess now HE might consider it a slam!
Anyway I am looking for same thing. Waiting for someone to post the April numbers.
#113 of 445
April Lease Program by steevo
Apr 12, 2007 (12:53 pm)
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So, anyone have the April numbers?

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