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Mazda3 Lease Questions

438 messages,  Last post on Nov 09, 2009 at 12:57 PM

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

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#367 of 438 Re: Insane Purchase Option Fees [kingpcgeek] by rgeba May 29, 2009 (2:44 pm)
Replying to: kingpcgeek (May 29, 2009 8:55 am) kingpcgeek, I have leased several vehicles in my life, and this is the first instance where the dealer is involved to this degree. I did notice at the top of my Lease Agreement, I am listed as the "Lessee", the dealer is listed as "Lessor", and the "Holder" is CAB East LLC. The car is registered to CAB East LLC. The Agreement is a Mazda American Credit document.   I hope I'm getting bad info, but it came from a MAC representative. She said any additional fees to buy the car are between the dealer and me. I plan to call them again to make sure.   I had assumed that "official fees" were related to title and registration, but I'm not sure that is the legal definition.
#368 of 438 Re: 2010 Mazda3s Sport Sedan [qsylver] by Car_man HOST Jun 01, 2009 (2:03 am)
Replying to: qsylver (May 27, 2009 11:38 pm) Hi qsylver. Mazda's May lease program is scheduled to run through today, June 1st. I will give you the details of that program now. Please feel free to check back with me in a few days for an idea of what the new June program is like.   Mazda's May buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda3s Sport Sedan with 12,000 miles per year are .00245 and an outstanding 65%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#369 of 438 Re: Insane Purchase Option Fees [rgeba] by Car_man HOST Jun 01, 2009 (2:09 am)
Replying to: rgeba (May 29, 2009 7:26 am) Hi rgeba. Someone at Mazda actually told you that the dealer owns the car? That doesn't seem right at all. The bank that leased you your vehicle owns it. Having said that, I can see where negotiating a lower end-of-term purchase price might be a little difficult on a Mazda that you leased several years ago.   Mazda used to have its own captive finance company, Mazda Credit. Mazda Credit is no more. Mazda now runs all of its official leases through Chase, but since you leased your Mazda3 several years ago your deal was run through Mazda Credit. It is entirely possible that there isn't enough people left at what once was Mazda's captive finance company to negotiate purchase prices on leased vehicles on an individual basis. Mazda Credit could have laid everyone off and farmed out almost all of the lease return process to Mazda's dealer network. That's one possible explanation for this situation.   Whatever the story is here, over $1,000 in fees for you to purchase your leased vehicle is absolutely nuts. Even if the car was a great deal, I personally would almost feel compelled to walk away from it out of principle. Have you tried visiting another Mazda dealer. You do not have to return your car to the original dealer that you leased it from. Perhaps a different dealer would be more reasonable and only take a couple hundred bucks onto this transaction.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: rgeba (Jun 01, 2009 7:48 am) Car_man (Jun 15, 2009 2:01 am)
#370 of 438 Re: Insane Purchase Option Fees [Car_man] by rgeba Jun 01, 2009 (7:48 am)
Replying to: Car_man (Jun 01, 2009 2:09 am) Car_man, Yes, someone at Mazda Credit did tell me that the dealer owns the car, and yes, you are correct, this is NOT true. I made a few follow-up calls to to the Mazda Credit 800 number, and it seems to me that it is a call center staffed with people with differing amounts of knowledge and savvy. I finally got to someone at Ford Leasing services, and she verified that they (Mazda American Credit) own the car. She also confirmed that the lease buyout had to be done through a dealer, preferably the original leasing dealer. She agreed the amout of the admin. fees sounded unusual. It seemed that it would be OK to try a different dealer.   I am going to call a few dealers today and see what they say. I am a bit concerned that they may want to "protect" the original dealer so that they don't hurt their relationship with them if they need a favor down the road (getting a specific car, etc.).   I also plan to talk to the owner of the original dealer since the sales manager said that only he can make any decision related to fees.   Like you, I am so irritated my these unjustifiable fees that I would rather walk from the buyout rather than give this dealer any more money. Replies to this message: Car_man (Jun 15, 2009 2:01 am)
#371 of 438 Mazda 3 5 Door by nycarguy2 Jun 02, 2009 (7:19 am)
Does anyone happen to have the current June residual and money factor for a 36/12 lease on both the S Sport and Grand Touring models?   Thanks! Replies to this message: dcho (Jun 12, 2009 5:52 am) Car_man (Jun 15, 2009 2:14 am)
#372 of 438 Re: 2010 Mazda 3, 5 door touring package [Car_man] by jvsa Jun 06, 2009 (7:58 am)
Replying to: Car_man (May 26, 2009 2:00 am) Thanks Car_Man!, I am looking at a 36mo lease but was leaning towards 12k mi per year. I should have mentioned that, sorry. I am not sure if there is much of a difference between 12k and 15k in terms of the residual? Replies to this message: Car_man (Jun 15, 2009 2:20 am)
#373 of 438 Re: 2010 Mazda 3, 5 door touring package [cartunes] by bvdj84 Jun 11, 2009 (6:04 am)
Replying to: cartunes (May 26, 2009 1:32 pm) It seems like they are not truly honoring the sale price. Your payment should be that without the $2,000 down! They are making it seem like they are giving you a good sale price, but your $2,000 bumps it back up.   Be careful! Great car though... what color are you going to pick? I love the pearl white!
#374 of 438 Re: Mazda 3 5 Door [nycarguy2] by dcho Jun 12, 2009 (5:52 am)
Replying to: nycarguy2 (Jun 02, 2009 7:19 am) I just came from the dealership. For a 2010 Mazda 3 GT Sedan with MT and Moonroof/Tech package on a 36/12 lease, I was quoted a residual of 59% of MSRP with a MF of 0.00241, no money down with a drive off of 781. Negotiated price of 23,181 which comes out to about 379 a month. Any thoughts on whether this is a good deal?
#375 of 438 Mazda3 4 Door i Sport by amvb_nyc Jun 12, 2009 (10:31 am)
Car_Man,   Can you provide the money factor and residual for a 2010 Mazda3 4 Door i Sport Automatic? I'm looking for a 36/39/42 month lease and 10k/12k mileage.   What fees and monthly payments should I expect to pay for this? New York tax rates.   Thank You Replies to this message: Car_man (Jun 15, 2009 2:40 am) amvb_nyc (Jun 15, 2009 7:34 am) scubadoo2 (Jun 15, 2009 12:41 pm) Car_man (Jul 07, 2009 2:34 am)
#376 of 438 Re: Insane Purchase Option Fees [rgeba] by Car_man HOST Jun 15, 2009 (2:01 am)
Replying to: rgeba (Jun 01, 2009 7:48 am) Thanks for the update, rgeba. Good luck and make sure to let us know how the story ends.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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