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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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#151 of 445
Mazda 3 Lease [Car_man] by newcar3178
Jun 07, 2007 (8:05 pm)
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Replying to: Car_man (Sep 08, 2005 3:19 am)

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!
sr
#152 of 445
Mazda 3 S Grand Touring by clippersfan5
Jun 13, 2007 (12:21 am)
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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.
#153 of 445
approved to lease with not-so-great credit by violet37
Jun 13, 2007 (11:57 am)
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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!
#154 of 445
Lease help, please. by avljmax
Jun 17, 2007 (7:54 am)
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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.
#155 of 445
Re: approved to lease with not-so-great credit [violet37] by qbrozen
Jun 18, 2007 (6:09 am)
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Replying to: violet37 (Jun 13, 2007 11:57 am)

more information is needed. What is the purchase price (cap cost) before your down payment? What is the money factor? What is the residual?
 
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.
#156 of 445
Demo car lease factors by m6_2005
Jun 18, 2007 (6:49 am)
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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!!!
#157 of 445
Re: Demo car lease factors [m6_2005] by qbrozen
Jun 18, 2007 (8:55 am)
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Replying to: m6_2005 (Jun 18, 2007 6:49 am)

well, i can answer some of your questions. A demo car has never been titled, so it is still sold as new. The warranty would start at the sale date and at the miles on the odometer (in other words, your 36k mile warranty now goes to 41k miles on a demo with 5k on the clock). And the new-car lease deals do still apply.
 
I have no idea how to figure residual on that.
#158 of 445
Re: Demo car lease factors [qbrozen] by m6_2005
Jun 18, 2007 (5:44 pm)
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Replying to: qbrozen (Jun 18, 2007 8:55 am)

I really, really appreciate your quick and great response.
 
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!
#159 of 445
Re: Mazda 3 Lease Quote [wilkich84] by Car_man HOST
Jun 21, 2007 (2:31 am)
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Replying to: wilkich84 (May 17, 2007 1:24 pm)

Hey wilkich84. Individual dealers cannot alter banks' published residual values, so you won't be able to change your car's resid to provide you with a lower monthly payment. Rather than using the money from your tax return as a down payment for your lease, just beep it in the bank earning interest and use it to supplement or make some of your Mazda3's lease payments.
 
Car_man
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Prices Paid Forum
#160 of 445
Re: Sign & Drive [sml6] by Car_man HOST
Jun 21, 2007 (2:38 am)
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Replying to: sml6 (May 28, 2007 3:45 pm)

Hi sml6. The Mazda3 is not a very high margin vehicle. In fact, I suspect that the $1,400 discount that you were given on yours probably puts its selling price at right around dealer invoice, which is a very good deal. Since you are paying $1,477 at lease signing, I'm just trying to figure out what is included in the capitalized cost that raises your car's selling price by $850. Do you have a breakdown of these charges?
 
Car_man
Host
Prices Paid Forum

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