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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 (Sep 05, 2007 6:46 am) I calculated the lease on my own came up with an an approximate payment of $375. I'm not sure how taxes are calculated in Maryland - up front on the total selling price or by the monthly payment price. Thanks in advance for any suggestions and/or advice.
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Replying to: pfje (Sep 05, 2007 7:52 am) But, at that monthly price, I'd buy the car.. You'd get the same payment over 60 months, more or less.. Unless you are upside-down on a trade, that price seems way out of line... 
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Replying to: pfje (Sep 05, 2007 5:20 am) What is the adjusted capcost? If your payment is correct, then the adjusted cap is substantially higher than the sell price of $21,805. Even if you cap the sales tax and acquisition fee, the total amounts to $23,495. Using this as an adjusted cap triggers a payment of $430.25 or about $13 less than your payment. Your payment suggests an adjusted cap of $23,796.24. Looks as though there is an additional $300 coming from somewhere. You're not providing enough information for me to respond intelligently. Something is missing. I have no clue how you arrived at the $443.27 payment. Taxes appear to be based on $21,900 ($1,095/0.05). Looks a little shakey to me. I need a break down of the adjusted cap. John Medina, Ohio
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Replying to: delta737h (Sep 06, 2007 1:39 am) Thanks for your response. This is the response I received from the dealership: New 2007 Mazda3s 5-door Grand Touring Auto Moonroof and Bose 6cd in-dash changer. - MSRP $22,775.00 Your Special Internet Price is $21,805.00* TAGS $202.00 RESIDUAL 64% MONEY FACTOR 0.00154 TAXES $1,095.20 PROCESSING CHARGE $99.00 ACQUISITION FEE $595.00 PAYMENTS ON 24 MONTHS WITH JUST 1ST PAYMENT UPFRONT IS $ 443.27 I have not met with the dealership in person. Correspondence has been using email. Therefore, I have not seen their payment formula. Before I respond I was hoping for helpful comments (like yours) from the members of this forum. Any comment would be greatly appreciated.
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Replying to: pfje (Sep 07, 2007 5:01 am) Using edmunds calculator, I've gotten close to their figures. Since you have to pay all the tax on the car, that makes a big difference. If I use the calculator and roll in the processing fee and taxes into the cap cost (total of $22,999), I come up with $453. However, the edmunds calculator insists on a security deposit, so that may be why its coming up a bit high. Based on all of this, I would be looking to finance for 5 years if I were you. It would be almost exactly the same price, but you'd avoid the acquisition fee and any mileage restrictions. |
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Replying to: delta737h (Aug 24, 2007 4:46 am) Would you mind e-mailing me your excel spread sheet- there are few numbers on Deltas Acura proposal I am not coming to- thanks jjmurray14  yahoo.com
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Replying to: jerseyguy7 (Sep 08, 2007 8:43 am) |
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I am in the market for a Mazda 3 Grand Touring with a nav system. The Westchester, NY dealer I spoke with said that the money factor for the 2008 edition was DOUBLE what the 2007 edition was, but the residual was higher. In other words, the 2008 editions had a money factor of .00278 (was .00139 for an'07) and the residual was 61% (was 57% for an '07). Is this guy yanking my chain? How can the money factor be so high for the next year's model? Or is this the norm? THANKS.
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