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Mazda3 Lease Questions

437 messages,  Last post on Nov 07, 2009 at 4:20 PM

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What is this discussion about? Mazda MAZDA3, Car Leasing, Hatchback, Sedan

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#188 of 437 Help on leasing 2007 Mazda 3 s Grand Touring wagon update by proe Jul 24, 2007 (6:13 am)
John Hine at San Diego has Mazda 3 s Grand Touring wagon AT with MCR compass and autodimming mirror and JCP pearl paint in their inventory. The MSRP is $21,840 form Edmunds,   The is what I got back from the dealer. 36 month lease with 15,000 miles per year Selling Price: $20,911 Cash Down: $3,000 Monthly Payment (including tax): $356.45 Money Factor: 0.00293   I found the money factor to be high.   Any comment?   Thank you very much, Charles Replies to this message: maximafan (Jul 28, 2007 5:00 pm) qbrozen (Jul 30, 2007 5:49 am)
#189 of 437 Money factor by proe Jul 24, 2007 (6:25 am)
What determines the money factor?   Thank you very much, Replies to this message: qbrozen (Jul 24, 2007 6:37 am)
#190 of 437 Re: Money factor [proe] by qbrozen Jul 24, 2007 (6:37 am)
Replying to: proe (Jul 24, 2007 6:25 am) manufacturer subsidizing and your credit score.   Your deal seems REALLY high, unless the manufacturer support went away recently.
#191 of 437 Re: Help on leasing 2007 Mazda 3 s Grand Touring wagon update [proe] by maximafan Jul 28, 2007 (5:00 pm)
Replying to: proe (Jul 24, 2007 6:13 am) That sounds too high! Plus, you're putting 3,000 down. $356.45 a month lease for 36 months? On a $17,000 car? I remember back in 1995 when I bought a used 1995 Nissan Altima GLE, loaded to the gills. The total selling price was under $17,000 and after financing it for 60 months, and that was to purchase, not to lease, my monthly payment was only $339.00 a month. And even after my purchase, I still didn't think I got such a great deal back then. I would keep looking if I was you. I would think you should be betting under $300 a month payments based on this price. Replies to this message: qbrozen (Jul 30, 2007 5:49 am)
#192 of 437 Re: Help on leasing 2007 Mazda 3 s Grand Touring wagon update [maximafan] by qbrozen Jul 30, 2007 (5:49 am)
Replying to: maximafan (Jul 28, 2007 5:00 pm) its a $21k car, not $17k. But, yeah, like i said, too high.
#193 of 437 Mazda 3 Lease 311$$ by j1mbo01 Jul 31, 2007 (11:24 am)
Just got home from the dealer:   2008 mazda 3 5 door, no options, manual transmission, 3yr. lease, 12000 miles per year.   msrp= 18520 cap cost= 17500 residual= 56% money factor, unsure but around = to 6% interest rate was quoted 311 per month, 670 down (1st month, doc fee, registration) 311 includes 5 % massachusetts sales tax, and excise taxes for 3 years, gap insurance.   Still seems a little high, what do you think?
#194 of 437 Re: Mazda Lease [merrydinnc] by Car_man HOST Aug 01, 2007 (2:35 am)
Replying to: merrydinnc (Jul 07, 2007 7:21 am) Greetings merrydinnc. The best way to get a good deal on a lease is to negotiate the lowest possible selling price and then have the dealer that gives you that price calculate your lease payment using its buy rate lease money factor. Shop around and negotiate a selling price that is as close to dealer invoice as possible on the Mazda3 that you want. You should be able to get an idea of how much you will have to pay for this car by visiting the following discussion: "Mazda3: Prices Paid & Buying Experience".   Once you have a selling price that you are comfortable with, have the dealer calculate your lease payment using its buy rate lease money factor. Vehicles' money factors vary by trim level and term. If you tell me exactly which Mazda3 you are interested in and how long you want to lease it for, I can tell you what its current money factor should be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#195 of 437 Re: Mazda3 s Touring Lease Rates [gf2020] by Car_man HOST Aug 01, 2007 (2:43 am)
Replying to: gf2020 (Jul 08, 2007 4:36 pm) Here you go, gf2020. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda3 Touring 5-Door with 15,000 miles per year are .00154 and 64%, respectively. The numbers for an otherwise identical 36 month lease are .00186 and 53%, respectively. This car's 12,000 mile per year residual values are 2% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#196 of 437 Re: Mazda 3 GT lease rates? [phx08] by Car_man HOST Aug 01, 2007 (2:53 am)
Replying to: phx08 (Jul 18, 2007 11:41 am) Here's the information that you're interested in, phx08. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Mazda3s GT with 12,000 miles per year are .00178 and 57%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#197 of 437 Mazda 3 5 door GT by blitztwn36 Aug 14, 2007 (12:32 pm)
I'm completely new to leasing and trying to figure out if this is a good deal to go with.   Mazda 3 5 door Grand Touring w/Moonroof + Bose package and other additions   MSRP: $23,300 Selling Price: $21,600   36 month lease, 15,000 miles a year No money down   Monthly lease payments of $362 ($392 total with local usage tax). Not sure of the residual value/money factor but input would be appreciated.

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