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Prices Paid: Buying & Leasing Experiences Mazda3 Lease Questions
438 messages, Last post on Nov 09, 2009 at 12:57 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Apr 28, 2009 3:12 am) |
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Replying to: gluz (Apr 30, 2009 7:16 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: olkaus (May 05, 2009 7:57 pm) Plus Mazda is providing $750 bonus cash on the '09 Mazda3 this month. Make sure to take that cash into account when negotiating your car's capitalized cost. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: sd83srr (May 05, 2009 9:12 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jvsa (May 17, 2009 3:47 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: Car_man (May 26, 2009 2:00 am) MSRP:$24,365 Invoice:$22,749
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Hi I was wondering if anyone could help me with Mazda's May buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda3s Sport Sedan with 12,000 miles per year
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The 4-yr lease on my Mazda3s ends in two weeks. I was planning to buy the car because I like it, it's been trouble-free, it's in great shape, and the option price is favorable at $8500. Now I discover that the buyout must be done through the dealer (Mazda Credit tells me that technically the dealer owns the car.) The dealer is tacking on an outrageous $995 admin. fee on top of a $298 document fee (in addition to the title/registration fee) to sell me the car. I think these fees are unjustifiably high and a pure ripoff. I have read the contract carefully, and I think the dealer is legally allowed to do this by the phrase "plus official fees and taxes" added after the purchase option price. It may be legal, but it's just plain wrong! The dealer is well aware of the resale value of this car, and I think he wants to make an extra $1,000 from me, or he will happily take the car back and resell it for even more. Do I have any recourse here, or am I truly hosed for the admin. fees if I want the car? |
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Replying to: rgeba (May 29, 2009 7:26 am) I have never heard of such a thing. If this is indeed true Mazda is quite the opposite of any other lease I have seen. In every other lease I have seen the finance company owns the lease, and the selling dealer has zero to do with the car once it is sold. The only thing they do with the car when it comes off lease is store it for Mazda until it is carted off to auction. I really think you are getting bad information on this. If this were true why are you able to return your car to another dealer if you have moved? Mazda Lease Return Official fees are governmental fees that you are required to pay like title and registration, not fees that the seller might add on.
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