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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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Question on your formulas- In determining P (Payment) you need: F(Money factor)check R(Residual value) check T(Term) check and... A(adjusted cap cost).....but to determine A(adjusted cap cost) you need C(Amounts Capitalized/financed) in which you includes 1st month's payment Your formula for A....A=(V+C)-D.....V and D are known, but what about C...you know security and acquisition fees, but C also includes 1st month payment ...but P can only be calculated when A(adjusted Cap Cost) is determined? I feel like this is the chicken/egg condodrum??? What am I missing?
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Replying to: jerseyguy7 (Sep 08, 2007 9:42 pm) Yup, the first payment is being capitalized. There is a little algebra involved but if you send me an email at... diffeq  zoominternet.net I'll be happy to send you a paper I wrote that explains how to compute payments when the first is capitalized. Also, let me know how NJ computes sales tax. My guess is that they levy tax on the payment streams. John Medina, Ohio |
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I'm still trying to lease a 2008 Mazda3 GT 5 door. Does anyone know the money factor and residuals for a 24 month/15,000 year lease term? Thank you in advance. |
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Mazda has advertised a few lease specials for the month of September. e.g a 2008 mazda3 , the lease special is 189/Month, 24-Month Lease, $2,189 due at Lease Signing. Includes 1st month. http://www.mazdausa.com/MusaWeb/displayRegionalIncentives.action There are lots of recommendations on this site to negotiate the price to bring down the capitalized cost as low as possible and to put down little or no down payment. 1. Are the lease specials negotiable i.e. can I bring still negotiate on the purchase price? 2. How do I get details about the residual, money factor etc. for this lease special? |
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I posted this in the prices paid forum as I am considering buying as well, but this seems to be a better place to ask. Here is the deal I was offered from Arlington Mazda in Virginia. Despite reading up on leases, it's still a bit confusing. Appreciate any input on whether this is a decent deal or not. Thanks in advance. 2008 automatic 5-door mazda3s, grand touring, with the 2mc package (Moonroof, 6-CD and Bose Audio) option. 24 month lease - The Residual is 69% of MSRP $15865.17 - The money factor is .00152. - 10,500 miles per year lease. - lease changes by 2% residual for the 12k miles per year lease. $8057 OnePay option. So bottom line, it's about 8k to lease this car for 2 years. Please advise if I left out key details. Thanks! |
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Carman, I need the residual for a Mazda3 "S" for 36 months, 12K/yr. Also, the base money factor and the acquisition fee through Mazda Financial. Is the money factor different for an "I" vs an "S"? Thanks
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hello, ive been going back and forth with a couple dealers in sacramento here, this is the best deal ive gotten. im looking to leave a mazda 3 2.3 s 4 door by the way, heres what the dealer emailed me, please let me know what you guys think, thanks Alan- Yes the 2.3 in white comes with the black interior. The payments are as follows. The 2.3 sport comes standard with all of the features of the i touring, but with a larger engine, so don't worry about it not having the features that you are looking for, because the i sport is the only car that does not come with power windows and locks 36 month lease $2500 down Sacramento County tax rate 2008 i touring 12,000 miles per year $208.03 plus tax per month total payment $224.15 residual $10,705.55 2008 i touring 15,000 miles per year $217.54 plus tax per month total payment $234.40 residual $10,342.65 2008 S sport 12,000 miles per year $225.25 plus tax per month total payment $242.71 residual $11,008.42 2008 S sport 15,000 miles per year $235.19 plus tax per month total payment $253.42 residual $10,628.80 I hope that this clears up any confusion. Please let me know when you would like to come in and which model you are most interested in. Thanks, Alicia
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Replying to: agallowa (Oct 11, 2007 10:55 am) this is the deal on mazda's website: $249/Month, 24-Month Lease, $2,249 due at Lease Signing. Includes 1st Month's Payment. Excludes taxes, title and fees. that is for a 3s sport with auto trans at 12k miles/year. now, of course what is missing there is title and fees. It is also for a 24-month lease as opposed to your 36-month deal. So I would say, off the top of my head, it seems fair. I mean, you are putting another $250 down, which may cover about half the fees. $250 in fees rolled into the lease is roughly $7 per month. Plus your quote is $25/month less ... all of that is of course because you are taking it for an extra year. All in all, I don't know if what they are quoting you is exactly right because I don't have all the numbers, but it seems at least darn close. What you REALLY need to know is the selling price. If it is MSRP, then I'm sure you could do better. |
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its the auto trans. and as far as the selling price she quoted me 16,996 for an 2.0i touring and 220-240 a month with the same down payment. i think i might be leaning twards the 2.0 but im still not sure. of course the 2.0 gets better gas mileage but im just not sure yet if i need the extra hp. i know its only around 10 or so more hp which in my opinion doesent really make a diff at that point. anyone have opinions on this one? in your guys opinion should i go with an i touring or a 2.3 sport?
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