- #154 of 437
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Lease help, please.
by avljmax
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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.
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- #155 of 437
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Re: approved to lease with not-so-great credit [violet37]
by qbrozen
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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.
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- #156 of 437
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Demo car lease factors
by m6_2005
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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!!!
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- #157 of 437
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Re: Demo car lease factors [m6_2005]
by qbrozen
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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.
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- #158 of 437
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Re: Demo car lease factors [qbrozen]
by m6_2005
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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! 
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- #159 of 437
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Re: Mazda 3 Lease Quote [wilkich84]
by Car_man HOST
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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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- #160 of 437
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Re: Sign & Drive [sml6]
by Car_man HOST
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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
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- #161 of 437
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Re: Mazda 3 Lease Quote [tucci314]
by Car_man HOST
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Jun 21, 2007 (2:42 am)
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Replying to: tucci314 (May 29, 2007 1:17 pm)
Hello tucci314. Consumers can and should lease any vehicle that they are interested in without making any sort of capitalized cost reduction. All you have to pay at lease signing are your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 or $50 increment, Mazda Credit's acquisition fee (I believe that it is $475), and any state taxes or fees. You would be better off having a slightly higher monthly payment than putting money down. Consumers who make down payments on leases risk losing all or part of them if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
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- #162 of 437
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Re: Mazda 3 Lease [newcar3178]
by Car_man HOST
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Jun 21, 2007 (2:45 am)
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Replying to: newcar3178 (Jun 07, 2007 8:05 pm)
Here you go, newcar3178. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Mazda3 S Touring (4-Door) with 15,000 miles per year are .00213 and 57%, respectively. The numbers for an otherwise identical lease of a 2007 Nissan Altima 2.5S through Nissan Motor Acceptance Corp. are slightly better at .00199 and 58%.
Car_man
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- #163 of 437
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Re: Mazda 3 S Grand Touring [clippersfan5]
by Car_man HOST
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Jun 21, 2007 (2:55 am)
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Replying to: clippersfan5 (Jun 13, 2007 12:21 am)
Hi clippersfan5. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Mazda3 s (4-door) with 10,500 miles per year are .00213 and 60%, respectively.
Car_man
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