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Prices Paid: Buying & Leasing Experiences Mazda3 Lease Questions
437 messages, Last post on Nov 07, 2009 at 4:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Dear Car Man, The time is near for me to make a decision to buy or lease. I am looking for a Mazda 3i touring value edition with automatic. The lease should be a minimum of 36 months longer is also good. I can live with 10,000 to 15,000 miles per year with no or a minimum amount of cash down. What monthly fee should I be looking at? What would be the buy out at the end of the lease? THX for your advice.
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Replying to: mazdabuyer08 (May 18, 2008 12:18 pm) For now I can tell you that Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Mazda 3i touring value edition with 15,000 miles per year are .00165 and 54%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. The residual value for a lease with 10,500 miles per year is 3% higher. You can use this lease program, along with the prices that I mentioned to calculate a lease payment using the formula that is outlined in this article: Calculate Your Own Lease Payment. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 19, 2008 1:59 am) I would estimate a selling price of $17,500, MSRP of $18,200. The destination charge is an additional $635. I would also be ok with 10,500 miles per year. Does Mazda do a 4 year lease as well as three years? |
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Man am I glad I stumbled on to this website. Ok I'll post the numbers and if you can Help Car Man that would be great. Is this a good deal? .........on a Mazda 3 i touring with a msrp of $17,790.00 plus a $1,000 discount bring the price to $16,790.00 on a 15K mile lease with 0 down 24 month = $336.00 mo 27 month= $317.00 mo 36 month = $297.00 mo Same 15K miles a year with $1,000.00 down 24 month = $293.00 mo 27 month = $279.00 mo 36 month = $268.00 mo Same as before but with $2,000.00 down 24 month = $250.00 mo 27 month = $242.00 mo 36 month = $239.00 mo THANKS A BUNCH
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Replying to: marcostorres (May 23, 2008 6:25 am) I Just leased 2008.5 touring value edition. My lease is 236 (tax inclusive...222 w/o tax) for 27 months with 15,000 miles and NO MONEY OUT OF POCKET except for first month and tags (~210). I originally agreed to 39/15k at 209 (w/o tax) with zero out of pocket but realized at time of signing that I would have an extra 12 months and might be out from under warranty at 36k miles with a 39/15k. They offered to make it 27 months which worked out to $14 more a month. I didnt have the RV's or MF's for 27 months but had to trust their Numbers (61% and .00196) but I figured for an extra 14 dollars total I was out of lease one year earlier and always under warranty. So I bit. THoughts? Dan
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Replying to: docmri (May 26, 2008 8:06 am)
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Replying to: marcostorres (May 26, 2008 11:13 am) It may be worthwhile to send out number requests to several dealerships over the internet. One pointer....Even if you are inquiring over the web at local dealerships it would seem beneficial to say over the web that you are a few hours drive away. They tend to be more aggressive with buyers who live further away as these are customers outside their normal catchment area and can be considered "bonus" costumers. Car was for my wife...we drove it home today.
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Replying to: docmri (May 26, 2008 2:55 pm) 
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Replying to: rdyxl (May 27, 2008 8:34 am) I can tell you that the agreed upon price was roughly 14,400. THey figured in the acq fees etc (roll into price) so the final cap cost price used for calcualtion was somthing like 15,600. THis is a large dealership with a big inventory of these cars. THis was for the touring value edition. I did not opt for the moonroof. but comes with power locks,windows, A/C and fog light etc. I essentially took the value edition (2008.5 ) without any add on options. Here is how I went about getting car.... Origially via email they offered me "Your Mazda 3i sport comes standard with a 2.0 liter engine, a 4-speed automatic transmission, a tire pressure monitoring system, cd, electronic asst. steering, steering wheel mounted audio controls, and much more. 39 Months/10,500 Miles Per Year/$1,200 Total Out of Pocket..(oop) $211.29+Tax" I went to dealership to look (wasnt buying...nothing they offered me was going to sell me a car until I had a chance to familiarize myself with RV's and MF"s and expected sales price of car. I also wanted to look at competeing dealerships, brands and models). Instead of letting me leave they offered me this car for 209/month with nothing down or oop for 39months. I said no and went home to crunch numbers and came across residuals from this site and MF's for 39 months. I punched them in and utilized a a 2500 discount that was being offered from dealership on all the cars. I figured that I should be in the touring value edtion for the same offer. I called the next day and offered to come in after workk (if they agreed to same lease offered me but for the touring instead of the iSport. They got back to me that they couldnt do it but would for 229/month (39 months). I said I would think about it . THey emailed me on saturday that they might be able to do something. I called on Sunday and spoke to manager and told him I would come right in if they could do the 209 deal on the value touring. THey called me back 15 minutes later and said they could but I needed to come in TODAY. no problem..I was there an hour later. At the financing they changed gears on me and wanted to make it 27 months (to do me a favor..of course, having a shorter lease means they get a potential customer back sooner as well and a car in better condition to sell)...Iike I said above I was hesistant to do this because I didnt really know the RV's or MF for 27 months but figured that for an extra $14 dollars a month i can shorten my lease by a year and make sure that I am always under the 3/36 month warranty (I was concerned that we would have about 45K mile on this car after 3years so I did it after punching in #'s into my palm phone lease calculator program and satisfied myself that no other parameters are being changed and no monkey business was occuring. Seemed like a good deal
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Replying to: docmri (May 27, 2008 10:38 am) 
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