Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
thanks car_man ; Mazda3 S sport 5 Door : 19.000 (includes destination charge but excludes tax, title, license fee)
|
|
Carman I need the lease numbers for a Mazdaspeed 3 lease for 24 and 36 months at 12k and 15K per year. Please provide residual, money factor and any special credit terms if there are any. Thanks.
|
|
My girlfriend leased a Mazda3s Touring on Saturday. She has an amazing credit score and her monthly payments are $367 and change. She put $2500 down off a trade, which was fully paid off. Her old car has now been sold and the dealer promised her a check for the difference in the remaining equity of her old car in excess of $10,000. We have been having issues with titling the car and because of this the dealer is saying they may have to raise her monthly payments another $50. According to Mazda American Credit, Mazda's leasing agency, and their website describing certain offers on leases, a comparibly equipped Mazda3s Touring is leasing for $229 a month with $2,239 due at signing. Is it me or does it sound like my girlfriend was taken advantage of, especially considering a Mazdaspeed6 can be leased with less money down and for a lower monthly payment. Furthering the problem is the titling issue and the fact we haven't received the check the dealer promised yet (they said they'd have it in 2 days). Is there anything we can do to get the lease payments closer to what we think she should be paying, or get out of the lease without doing further financial damage? We don't feel it's right if the dealer can already sell her old car when the contract hasn't been fulfilled completely on their part. Any help is appreciated.
|
|
|
Replying to: ufnavy06 (Jun 28, 2007 6:12 pm) You do have one great thing going on ... the titling issue. Just what is the problem? If they can't sort it out, they will need your GF to sign new papers, THIS is where you fix the problems! Do NOT sign new papers unless you get the deal you expect (the advertised deal will be just fine). If they won't give you that deal, then they will have to take the car back and give you all of your money because you ARE NOT signing a new deal otherwise! If they really sold her old car, then so be it. Take the money and go find something else or go to another mazda dealer. Unfortunately, if they make the deal go through as it already stands, then there is nothing you can do about it. Learn from the lesson and move on.
|
|
|
Replying to: qbrozen (Jun 29, 2007 5:49 am) Monthly payments: 356.67 Total monthly payments are 8821.44 over 24 months 12000 miles a year 2500 down Initial value of the vehicle of the car was 21063.00 and the gross capitalized cost is 21658.00 Capitalized cost reduction: 1493.94 Adjusted capitalized cost: 20164.06 Residual value: 13919.25 Depreciation and any amortized amounts: 6244.81 Rent charge: 2576.63 Total of base payments: 8821.44 Lease payments: 24 Base payment: 367.56 She has a 773 credit score so it doesn't make sense the payments would be $100 more than what Mazda credit advertises. The titling issue is complicated. She's from Ohio and recently moved to SC where I'm located after graduating college. She wants to remain with her parents insurance for lower monthly payments and in doing so wants to title the car in Ohio because of the hassle of getting new insurance, a new license, etc etc. The dealer wants her to title it in SC because they have a flat tax rate for vehicles capped at $300. Titling the car in Ohio means she pays Ohio taxes. Since that issue has yet to be resolved, it is my understanding the car has not yet been titled. Thanks for the insight.
|
|
|
Replying to: ufnavy06 (Jun 29, 2007 8:59 am) Also, if you signed the lease agreement, and took the car, you likely can't get out of it, no matter where it will be titled. Of course, that is a separate issue from where your $10K check is.. |
|
|
Replying to: ufnavy06 (Jun 29, 2007 8:59 am) 1st problem is, your cap cost is above the sticker, meaning there are some extras on there. Let's say its a bank fee. That's fairly normal, BUT it also shows me you paid full sticker for the vehicle. That's a HUGE mistake right there. You guys should have bargained for invoice. That is the lack of research. Mazda's advertised deal is based on a discount from sticker, first of all. But its open to dealer participation. They don't HAVE to give you the discount ... they obviously didn't. 2nd thing is, I don't see the lease special you are referring to. I see a Mazda3 SPORT 5-door automatic for $229 and $2229 down. But that's quite a different price than the car you got. Every option adds money to the payment. 3rd. we don't know your money factor. they COULD have bumped it up for additional profit. |
|
|
Replying to: qbrozen (Jun 29, 2007 9:09 am) |
|
|
Replying to: qbrozen (Jun 29, 2007 9:09 am)
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Mazda3 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Mazda MAZDA3
Browse by Board
Browse by Topic
Today's Chats
