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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

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


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#136 of 445
Re: Mazda 3 Lease [mhs7386] by stallionre
Apr 21, 2007 (3:33 pm)
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Replying to: mhs7386 (Apr 21, 2007 3:46 am)

Awesome deal mhs7386. Great job!!! Tell me how you like the car and drive the heck out of it.
#137 of 445
Re: Mazda 3 Lease [mhs7386] by qbrozen
Apr 22, 2007 (12:57 pm)
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Replying to: mhs7386 (Apr 21, 2007 5:21 am)

As I explained, $2k down would have made his payment $250, including taxes. Knock off the extra options and it would be right in the neighborhood of your payment.
 
Hey, its whatever you need, right? Good luck with the car. enjoy.
#138 of 445
Mazda 3 Lease Quote by sonnie
Apr 28, 2007 (6:02 pm)
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Hello...
 
We are looking at a Mazda3 for our daughter... very nice car. We went to Mitchell Mazda in Enterprise, Alabama today and got a quote on a 36 month lease. I wish I had paid closer attention to the car though, because I'm not totally sure of the details. If I'm not terribly mistaken this unit had the 6 disc in-dash CD changer, satellite radio and I believe floor mats. It listed for around $18500-18700. I remember them showing me the invoice and I want to say it was around $17200-17300. I may be a $100 or so off. The unit is red, 2.0 liter engine, automatic... I think it's the i Touring 4dr sedan.
 
Initially they quoted us zero down and $322 month. Of course I wasn't even going to consider that much per month. They came back at me with zero down and $286 month or $1500 down and $256 month. Ultimately the best deal he offered me was $500 down and $269 month... and that was supposedly the best they could do. He said they were selling it at invoice.
 
The lease quotes are all 36 months and include the wear and tear coverage, with 10,500 miles per year, which is plenty for our daughter. She averages less than 500 miles per month.
 
For $17300 or there abouts, does $500 down, 36 $269 sound reasonable? We may go ahead a pop $1000 down and see where that gets us... or is it better to pay more down? I guess it makes sense to pay more down and not pay the lease fees on that portion.
 
Thanks!
#139 of 445
Predict the future anyone? by wilkich84
May 07, 2007 (10:28 pm)
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Looking at a 5door touring which i think includes the SAB and stability control standard. Would consider a sunroof but not a required option. We are thinking about pulling the trigger now or waiting until labor day when we will actually need the car. While the rates look good now, anyone have any reason to believe that lease deals or selection will be in September? If I opt for Man Tran, does your answer change? Thanks.
#140 of 445
Re: Predict the future anyone? [wilkich84] by audia8q
May 08, 2007 (10:04 am)
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Replying to: wilkich84 (May 07, 2007 10:28 pm)

Looking at a 5door touring which i think includes the SAB and stability control standard.
 
If your looking for a manual tranny in the northeast they are in very short supply...So your location might help you to decide when to buy. If your in the northeast, waiting won't help...the deal doesnt matter if you can't get the car.
#141 of 445
Re: Predict the future anyone? [audia8q] by wilkich84
May 08, 2007 (10:42 am)
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Replying to: audia8q (May 08, 2007 10:04 am)

Thanks for the response. I'm in Northern California. The sales guy at the Oakland dealership did mention they were short but I thought he was full of it.
 
I guess the question now is whether the supply will remain constant for the 07s (i.e. are they making more?). If not, will the lease rates change significantly that I will not regret waiting until September. Put another way, if I can't talk the wife into an stick and I'm stuck with the auto, will there be screaming deals at model year end that will make me feel better?
#142 of 445
Re: Predict the future anyone? [audia8q] by qbrozen
May 09, 2007 (5:40 am)
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Replying to: audia8q (May 08, 2007 10:04 am)

heck, 5-door models in the NE seem to be in short supply regardless of tranny. when i took my brother-in-law to lease his 4-door, the dealer didn't have a single 5-door on the lot, but had at least 30 sedans.
#143 of 445
i Touring 24-mo lease by sphinxridd
May 14, 2007 (11:36 am)
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Hi Carman,
 
could you please give me the residual % and money factor for super preferred/preferred/standard credit tiers for a 24-month lease on a i Touring 4dr 5A mazda3?
 
Thanks!
#144 of 445
Re: April Lease Program [steevo] by Car_man HOST
May 16, 2007 (2:52 am)
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Replying to: steevo (Apr 18, 2007 6:10 am)

You're very welcome, steevo.
 
Car_man
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Prices Paid Forum
#145 of 445
Re: Mazda 3 Lease Quote [sonnie] by Car_man HOST
May 16, 2007 (2:58 am)
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Replying to: sonnie (Apr 28, 2007 6:02 pm)

Hi sonnie. Let's use Mazda's current lease program to estimate what this car's payment should be and see what we come up with. According to my calculations, if you were to lease a 2007 Mazda3 s Sedan that has an MSRP of $18,600 and a selling price of $17,250 through Mazda Credit for 36 months with 10,500 miles per year, your zero down, pre-tax monthly payment would be around $232. The $286 per month payment that you were quoted is considerably higher than this even if it does include tax. Make sure that the dealer that you are working with is using Mazda Credit's buy rate lease money factor of .00220 and its residual value of 57% to calculate your monthly payment.
 
It is definitely not in your best interest to make a down payment when leasing. Consumers can and should lease any vehicle that they want without making any capitalized cost reduction. Those who make one risk losing it if their vehicle is totaled in an accident or stolen and never recovered.
 
Car_man
Host
Prices Paid Forum

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