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Prices Paid: Buying & Leasing Experiences 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
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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.
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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.. |
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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. |
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Replying to: qbrozen (Jun 29, 2007 9:09 am) |
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Replying to: qbrozen (Jun 29, 2007 9:09 am)
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Replying to: ufnavy06 (Jun 29, 2007 9:23 am) I'm looking to lease my first car and needed some help. I'm looking between the Mazda 3 and 6 (the lease prices I was quoted were within $30/month of each other for a Mazda 3 iTouring and a Mazda 6 iSportsValue) Anyway - the Mazda 3 iTouring price I was quoted was 18.2k. For a 36 month 15000 miles/year lease with $500 down (includes first months payment) I was quoted at $290/month. The Mazda 6 iSportsValue was quoted at 22.2k. And a 36 month lease, 15000 miles/year with $500 down (includes first months payment) would be around $310/month. Do these deals sound good? Cars are pretty much standard except a moon roof has been added to both prices.
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Replying to: troysun (Jun 22, 2007 5:31 am) Car_man Host Prices Paid Forum |
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Replying to: nupeskee1 (Jun 24, 2007 10:34 pm) Car_man Host Prices Paid Forum |
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Replying to: blitztwn36 (Jul 02, 2007 1:41 pm) You were smart to get the selling prices of the cars that you are considering leasing. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. It is difficult for me to give you my opinion of the selling prices that you mentioned without knowing what these cars' full MSRPs are though. I would be happy to tell you what I think if you let me know what these numbers are. For now I can give you an idea of what these cars' money factors should be like so that you can make sure that the dealer that you are working with is not trying to mark them up to add additional hidden back-end profit to your deal. Mazda's current buy rate lease money factor for a 36 month lease of a 2007 Mazda3 i is .00178 for consumers who qualify for its top credit tier. The number for an otherwise identical lease of a 2007 Mazda6 i Sedan is .00142. Make sure that these are the factors that the dealer you are working with is using to calculate your lease payments. Car_man Host Prices Paid Forum |
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I am looking into leasing a new 2007 Mazda vehicle. I am looking at the Mazda3 and the CX-7 (I am still trying to decide between the sport and touring models on both vehicles). I have seen advertised lease rates for 24 months on both of these vehicles but I am always skeptical of those advertisements. Can you tell me what I absolutely need to find out to get the best deal? Also, Is it better to lease a honda because of the residual values? Thanks!!
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