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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: amvb_nyc (Jun 15, 2009 7:34 am) |
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This is my first time leasing a car, and I'm trying to make an educated decision. I'm looking to lease a Mazda 3 I Touring w/ the exctra speakers/Moonroof package. For a 15k mile/year lease: -One dealer is offering residual value of 52% of sticker with a MF of .00083, and a monthly payment of $285 with no money down (first payment only) -The other dealer is offering residual of 61% of sticker with a MF of .00241, and a monthly payment of $272 with $1,700 down (plus first payment) Car Man, do you have any advice? What are June resid and MF for this model? Do these numbers seem off? Thanks! |
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Replying to: dfwguy2 (Jun 15, 2009 1:52 pm)
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Replying to: khanection (Jun 17, 2009 11:03 am) |
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Here is the offer I received via email - Grand Touring package with manual transmission listing for $23565 and selling for $22092. To lease this vehicle with minimum out of pocket for first payment and in fees ($750) is $367 to $371 per month, oac. With automatic transmission it sells for $22745 and leases for $371 to $375 per month. I don't think this is a good offer. What do you guys think?
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Replying to: ad79 (Jun 17, 2009 1:30 pm) Someone in the Lexus IS forums got the IS for $411 per month with nothing out of pocket... but they put down MSD which is sort of like a deposit... 375 is high for the Mazda IMO... sounds like you haven't negotiated yet...? |
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Replying to: amvb_nyc (Jun 15, 2009 7:34 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: dfwguy2 (Jun 15, 2009 1:52 pm) In short, the best way to negotiate a lease (at least in my opinion) is to negotiate the lowest possible selling price on the vehicle that you are interested in and then have the dealer calculate your monthly payment using its buy rate lease money factor. Mazda's July buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda3i Touring with 15,000 miles per year are .00039 and 50%, respectively. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 07, 2009 2:39 am)
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Replying to: banshee24 (Jul 07, 2009 11:42 am) You do not want to put that much money ($3,500) down on a lease. Perfect explanation why from leasecompare.com: Because you pay for the use of a vehicle during a lease, you should put as little money down as possible, up front. Although putting money down can lower your lease payments (by reducing your capitalized cost) in most cases it cannot be regained in the event of early termination due to a loss. For example, a customer once leased a Toyota 4Runner and put $3,000 down as a cap reduction. Five months later the vehicle was totaled in an accident. The client's insurance paid its portion of the lease payoff and Gap Insurance paid the balance. Our client walked away with only paying his insurance deductible but he did not get reimbursed for his initial down payment of $3,000. It was lost. The moral of this true story is to put as little money down as possible,ideally no money down. Here are some other things to consider: - Money down is taxable - Take the money you would have put down and invest it - Put your down payment in a savings account and use a portion each month to help make your lease payment |
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