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Prices Paid: Buying & Leasing Experiences Mazda3 Lease Questions
437 messages, Last post on Nov 07, 2009 at 4:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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. MSRP $21,955 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
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Replying to: wilkich84 (May 17, 2007 1:26 pm)
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Replying to: Car_man (Sep 08, 2005 3:19 am) 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! sr
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Car_man, 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.
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hi everyone, 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!
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Hi Car_man, 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.
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Replying to: violet37 (Jun 13, 2007 11:57 am) The numbers $5k down and $240 a month doesn't give you much to go on. For all you know, they could be charging you full MSRP plus a bunch of add-ons. |
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Hi - I am trying to lease a demo vehicle--a 2007 model. The odometer reads 5008 miles. My question is: How are the residual values for demo cars determined for various lease terms? How would I determine the depreciated portion of this vehicle? How exactly is this applied to the lease calculation? Also, in leasing, what are some important factors in leasing a demo car vs. a new car to keep in mind? Do the same new lease incentives apply to demo car leases? THANK YOU in advance!!!
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Replying to: m6_2005 (Jun 18, 2007 6:49 am) I have no idea how to figure residual on that.
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Replying to: qbrozen (Jun 18, 2007 8:55 am) Thanks for the tip on the warranty. Also, in respect to the residual value for demos, dealers should not touch the residual value. However, in order to get credit for what the dealer has driven, they must make cap cost reduction adjustment for every mile driven. In my case, the cost of each mile is $.15. Once again, THANKS! 
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