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Mazda3 Lease Questions

445 messages,  Last post on Nov 23, 2009 at 6:54 PM

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

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#21 of 445 Re: Leasing a Mazda5 [charlotte7] by Car_man HOST Jan 09, 2006 (4:51 am)
Replying to: charlotte7 (Jan 08, 2006 4:28 pm) Hi Charlotte. I guess that we don't have a Mazda5 lease discussion yet, do we? Let's take a look at the current lease program for the vehicle that you are interested in. According to the latest informaiton that I have seen, if you were to lease a 2006 Mazda5 Sport through Mazda Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00315 and 51%, respectively. When negotiating your lease on this vehicle, keep in mind that Mazda is providing $1,000 lease cash on it this month. This money will help you to negotiate an attractive capitalized cost. As far as Mazda's fees on leases go, the last time that I saw it, its acquisition fee was $475. In addition to that, you would have to pay a security deposit. I don't believe that Mazda charges a disposition fee.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: charlotte7 (Jan 09, 2006 6:11 am) Car_man (Jan 31, 2006 3:40 am)
#22 of 445 Re: Leasing a Mazda5 [Car_man] by charlotte7 Jan 09, 2006 (6:11 am)
Replying to: Car_man (Jan 09, 2006 4:51 am) Thanks so much, Car_Man! The $1000 lease cash is great, and I have Mazda's S-plan, too, which I assume I can use in conjunction with the lease cash in negotiating a capitalized cost, right? This may work out well, I hope. Replies to this message: Car_man (Jan 31, 2006 3:40 am)
#23 of 445 Re: Leasing a Mazda5 [charlotte7] by Car_man HOST Jan 31, 2006 (3:40 am)
Replying to: charlotte7 (Jan 09, 2006 6:11 am) No problem, charlotte7. Yes, you should be able to use the S-Plan pricing as your car's capitalized cost if you decide to lease.   Car_man Host Smart Shopper / Prices Paid Forums
#24 of 445 Mazda AVP Program? - Partyka Mazda, Hamden, CT by carcutiect Apr 17, 2006 (9:48 am)
Hello, everyone! I'm hoping someone can help me out: I am considering a 2006 Mazda 3i 4door sedan w/ touring (white/tan gut ). The local Mazda dealership (Partyka Mazda in Hamden, CT) told me about Mazda's AVP Plan (Assured Value Plan). Evidently, it's somewhat like a lease agreement but I will own the car -- it is in my name. Does anyone know anything about this plan? What are the pros and cons? Thanks!! -CarCutieCT Replies to this message: aviboy97 (Apr 17, 2006 10:26 am) audia8q (Apr 18, 2006 12:47 pm)
#25 of 445 Re: Mazda AVP Program? - Partyka Mazda, Hamden, CT [carcutiect] by aviboy97 Apr 17, 2006 (10:26 am)
Replying to: carcutiect (Apr 17, 2006 9:48 am) CarCutieCT, I am a CT dealer as well. I can shed some light on the subject for you.   The way you pay for the vehicle, it sounds like a lease, but it is not a lease. It is a finance. Your monthly payment is like a lease, and you do have mileage restrictions. i.e. 12K or 15k per year.   Pro's are you do not have to pay a bank fee, security deposit, acquisition fee. Also, the vehicle is registered in your name, so you may get an insurance break. You may trade this vehicle in at any time, unlike a lease, where you may have to go over your contract to see if you can do so. At the end, you can pay the "balloon" payment if you choose to own the car out right, or finance that balance, or just turn the car in. If you are over miles, I believe it is 18 cents a mile.   Con's are not that significant. You do pay more over time as opposed to a general finance. You also pay sales tax on the full amount of the car, as opposed to just a portion like a lease.   I think I about covered it, I may have left a few out, but, I believe I listed the major ones. I hope I have helped you.
#26 of 445 Re: Mazda AVP Program? - Partyka Mazda, Hamden, CT [carcutiect] by audia8q Apr 18, 2006 (12:47 pm)
Replying to: carcutiect (Apr 17, 2006 9:48 am) Aviboy did a good job of describing the basics of the AVP vs a lease.....but I have a question:   Why not just buy the car? If the answer is "thats the only way I can afford the payments" you need to review closely what your doing and get a complete understanding of the contract your about to sign.
#27 of 445 Buy or Lease Madza3?? by gambo384 Apr 18, 2006 (11:02 pm)
Hey, Here's what's on the table for me. I can lease a Mazda3i(touring) for $174/month for 24months/12k per year or $205 for 36 months/12k per year. Buying the car would be around $270/month. I would like advice on buying vs. leasing and if leasing, which term ?? Here's some info, MSRP of the car is $19,200. I am using my S-Plan pricing so that brings the car down to around $18k. I will be putting down $4500. What do you think?? Replies to this message: slate1 (Apr 19, 2006 5:23 am) aviboy97 (Apr 19, 2006 9:20 am) gambo384 (Apr 19, 2006 12:38 pm)
#28 of 445 Re: Buy or Lease Madza3?? [gambo384] by slate1 Apr 19, 2006 (5:23 am)
Replying to: gambo384 (Apr 18, 2006 11:02 pm) If you finance at $270/month for 5 years you will have invested an additional $8,820 in payments over leasing at $205 for 3 years:   $270/month for years 4 & 5 = $6480 Additional $65/month for years 1 - 3 = $2340   According to Edmunds "True Cost to Own" estimations, your $19,200 car would be worth $8256 at the end of the 5 year term if you buy.   So, essentially, if you lease $205/month for 36 months you will have invested a total of $11,880 and have $0 in equity once you turn the car in.   If you buy at $270/month for 60 months you will have invested a total of $20,700 and have around $8200 in equity in your car remaining. However, the price of that $8,200 in equity has been the additional $8,820 you've paid over years 1 - 5. So, you've basically got $0 (or, really -$620) in equity at the end of the buying period as well.   What it really boils down to is how long you want to be tied to a particular car and, especially, if 12k/year is going to be enough for you. I always buy my cars because I don't want the mileage restrictions and, mostly, because I tend to keep cars for 8 - 9 years.
#29 of 445 Re: Buy or Lease Madza3?? [gambo384] by aviboy97 Apr 19, 2006 (9:20 am)
Replying to: gambo384 (Apr 18, 2006 11:02 pm) Only finance if you plan on running the car until it has well over 100k miles. So, that would equate to 7-11 years, depending upon the mileage you drive.   If you feel the need to have a new car every few years, lease, or else you stand the chance of being in an inescapable negative equity situation if you finance, and get a new car every few years. Replies to this message: gambo384 (Apr 19, 2006 12:38 pm)
#30 of 445 Re: Buy or Lease Madza3?? [aviboy97] by gambo384 Apr 19, 2006 (12:38 pm)
Replying to: aviboy97 (Apr 19, 2006 9:20 am) Basically, I am looking to lease because it will give me a few years to stock pile some money. If I buy now, I can afford the $260 per month, things would just be a little tighter than I prefer. I'm looking at the 2 or 3 years as a period to save while having a low payment on a brand new car. Also, I anticipate buying the car after my lease is up and keeping it for 5-7years....Thanks for the advice guys, keep it comin'!!

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