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Mazda MAZDA3, Car Leasing, Hatchback, Sedan
#145 of 821 Re: Mazda 3 Lease Quote [sonnie]
by Car_man HOST
May 16, 2007 (3:58 am)
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.
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#146 of 821 Re: i Touring 24-mo lease [sphinxridd]
by Car_man HOST
May 16, 2007 (4:01 am)
Here you go, sphinxridd. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda31 Touring with 15,000 miles per year are .00221 and 68%, respectively for consumers who qualify for its top credit tier. I'm not sure what the factors are for its lower credit tiers.
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#147 of 821 Re: Mazda 3 Lease Quote [Car_man]
May 17, 2007 (2:24 pm)
Hold on. The no down payment advice is the first time I have ever heard that. I thought that it would be a good idea to lower your payment. We're hitting a 2 year cash crunch ( 2 preschools in Northern CA) and I've been thinking of just putting the tax return into a lease down payment to keep the payment around $200. I guess I could keep the cost down by having a higher residual or should I just swallow the higher payment. This is all good to know.
FYI I'm looking at the 3s Touring Hatch with auto with sun/CD package.
#148 of 821 Re: Mazda 3 Lease Quote [wilkich84]
May 17, 2007 (2:26 pm)
More info. A 24 month low mileage (10-12k) lease best fits our needs.
#149 of 821 Sign & Drive
May 28, 2007 (4:45 pm)
I just walked into a Mazda dealership, and came home with a 2007 Mazada3 in a couple of hours. Could you *please* tell me if I got a good or a bad deal? I don't know if I was impulsive to sign and take it home today.
I leased the S Grand Touring, with spoiler, in Automatic transmission.
Selling price $20,551.32
Gross cap cost $21,399
Zero $ down. 36 months, 15K. monthly payment= $335 incl tax.
inception and first month's payment= $1477.68
#150 of 821 Re: Mazda 3 Lease Quote [wilkich84]
May 29, 2007 (2:17 pm)
I want to lease a 2007 Mazda3 S Sport with the airbag package and the autodim mirror with compass for 36 months. It's MSRP is $19,180. I plan on getting a low mileage package (1200 miles a year). I'm shooting for monthly payments of $200 to $210. How big of a down payment do you think Mazda will want?
#151 of 821 Mazda 3 Lease [Car_man]
Jun 07, 2007 (9:05 pm)
hey Car_man, would you happen to know current (june) money factors and residuals for the following:
1) mazda-3 S-touring (4-door), 3-year lease with 15k miles
2) nissan altima 2.5S, 3-year lease, 15k miles?
thanks very much!
#152 of 821 Mazda 3 S Grand Touring
Jun 13, 2007 (1:21 am)
Could you please give me the current money factor and residual for a 36-month 10K-mile lease on the Mazda 3 S Grand Touring (4-door) with the Navigation and Bose audio packages (MSRP $24,525)? Thank you.
#153 of 821 approved to lease with not-so-great credit
Jun 13, 2007 (12:57 pm)
I have been dealing with some very nice people at a Mazda dealership in New York state. I have less-than-perfect credit that I have been slowly rebuilding over the last few years - my FICO scores are now in the low to mid 600s. The dealership has approved me to lease a 2007 4-door i Touring, the only extra option being the ABS brakes / side airbags add-on. I get the details of their offer this week.
The thing is, I've never leased a car before and I'm not sure what a good deal might be. I'm a little afraid to negotiate because my credit is not great and I sort of feel like I need to take what I can get.
The MSRP for this car (with destination and options) is $18,145. The TMV is $17155. I am looking for a 36 month lease with 15k/year. I can put up to $5K down on the lease. I know that putting a lot down may not be wise if the car gets stolen or totaled, but I do want to keep my payments low.
For those of you in the know with Mazda3 leasing: given the above stats, and my mediocre credit, what do you think I should be looking for in the way of a deal - what do you think would be reasonable for them to ask for down payment and payments? They said that sales tax is included in payments (6.25%). I don't know if gap insurance is included in that as well.
quick update: I just spoke to the dealer and he is saying I will have to put $5k down and my payments will be around $240. is that ridiculous or not so bad considering my situation?
Thanks in advance!
#154 of 821 Lease help, please.
Jun 17, 2007 (8:54 am)
I asked for some info in the Nissan Sentra forum and would also like some help here, if possible. Could you please give me the current money factor and residual for a 36-month 12K-mile lease on the Mazda 3 i Touring with ABS? Thank you again for all your help.