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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

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


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#397 of 445
Money Factor July Mazda 3 Sport by kushalsherpa
Jul 21, 2009 (5:40 am)
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Considering to buy a Mazda 3 Sport (Manual) in NH, i was wondering if the Money Factor changes according to the dealers or state or month? What is for this month? What's the Residual value for Mazda 3 sport, 36 or 42 month lease? All i want to do is drive mazda 3s with monthly payment around $179. How much down do i have to put it in? If someone could answers these questions i would really appreciate it !
#398 of 445
'10 Mazda 3 Sport Manual Invoice Price by kushalsherpa
Jul 21, 2009 (6:24 am)
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MSRP for 2010 Mazda 3 Sport (Manual) is $19990 and the invoice price is $18766. Does anyone know in general how much could the dealers go down from the invoice price? Would be price be different for leasing or buying? Can they go down $1000, $2000 etc?
#399 of 445
Re: Money Factor July Mazda 3 Sport [kushalsherpa] by kingpcgeek
Jul 21, 2009 (2:31 pm)
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Replying to: kushalsherpa (Jul 21, 2009 5:40 am)

Mazda's in general are not good cars to lease so there isn't much traffic here. Why don't you just ask a dealer or two what they are? They can't mess with the residual, but can bump up the MF. If the MF is the same from both you know they probably are not doing so. One problem with leasing from Mazda is that you are actually leasing from Chase, since Mazda credit doesn't write leases anymore. Banks typically have worse terms then manufacturer's credit departments.
 
FYI you should never lease longer then a warranty. So a 42 month lease should not be an option for you.
 
You also do not want to "put down" money to get to a certain payment. Perfect explanation 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
#400 of 445
Re: Money Factor July Mazda 3 Sport [kingpcgeek] by scubadoo2
Jul 27, 2009 (4:49 am)
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Replying to: kingpcgeek (Jul 21, 2009 2:31 pm)

Very good point regarding the "no down payment", however, I would like to add to your other comments. The Mazda 3 is actually a very good car to lease, especially recently. The 3 year residual is around 60% and there are few if any cars around that number any more. Also, you are correct that Chase is underwriting the lease but Mazda provides lease support in terms of residual value. It is my understanding that Mazda assumes the risk for the car being worth less than the residual. If not, I seriously doubt that any bank would be leasing cars anymore except with 30% residuals. Chase wrote off hundreds of millions a few years ago on lease residuals.
#401 of 445
Re: July Lease Rates [tbrouillard] by kushalsherpa
Jul 27, 2009 (9:19 am)
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Replying to: tbrouillard (Jul 09, 2009 4:38 am)

I just got a 2010 Mazda 3i Touring, Base Pkg, Manual Trans for $0 Down, 10000 miles, 36 months lease for $189/month with $295 fee in Ira Mazda Danvers, MA. This was the best deal i could every find. After $1000 down, my payment came out to be $164/month. Even though i go over in mileage, its only 15 cents/mile.
 
Ira Danvers had the best deal around Mass and New Hampshire
#402 of 445
2009 & 10 Mazda 3S GT by danny14
Aug 01, 2009 (5:01 am)
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Could you please give me the August residuals and MFs for 3yr 36k miles leases for:
 
2009 Mazda 3s GT Auto/hatchback
2010 Mazda 3s GT Auto+manual/hatchback+sedan
 
I'd also apprecaite if can indicate the availability of any incentives on the above models that are eligible for leases.
 
Thanks in advance and sorry for the number of questions.
#403 of 445
August money factor + residuals MZ3s 5door MT by greenice
Aug 03, 2009 (10:34 am)
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car man,
 
could you please give me the money factors and residuals for August for
36 months / 36k lease (or a 42 months lease if that is what Mazda is currently
subsidizing)
 
2010 Mazda 3s GT 5-door manual transmission
 
I am in Missouri, if that matters.
Many thanks!
#404 of 445
Re: Money Factor July Mazda 3 Sport [kushalsherpa] by Car_man HOST
Aug 07, 2009 (1:49 am)
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Replying to: kushalsherpa (Jul 21, 2009 5:40 am)

Hi kushalsherpa. Mazda's lease program does vary by region, in terms of the cash incentives that are available on its leases. However, I believe that Chase's (that's who Mazda is running its lease specials through now) money factors and residual values are the same nationally.
 
Chase's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda3s sport with an automatic transmission 15,000 miles per year are .00169 and 62%, respectively. These are surprisingly attractive terms. A 60%+ residual value for a 3 year, 15k lease is particularly good.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#405 of 445
Re: '10 Mazda 3 Sport Manual Invoice Price [kushalsherpa] by Car_man HOST
Aug 07, 2009 (1:53 am)
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Replying to: kushalsherpa (Jul 21, 2009 6:24 am)

Hey kushalsherpa. Mazda is not currently providing any cash incentives on the 2010 Mazda3 (other than five hundred bucks for people who trade in clunkers). To me, a good deal on this car right now would be as close to dealer invoice as possible. I doubt that you are going to find many dealers that are wiling to sell you one below invoice at this point.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#406 of 445
Re: 2009 & 10 Mazda 3S GT [danny14] by Car_man HOST
Aug 07, 2009 (2:16 am)
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Replying to: danny14 (Aug 01, 2009 5:01 am)

Greetings danny14. Here's the information that you're looking for. Chase's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda3 s GT with an automatic transmission and 12,000 miles per year are .00169 and 60%, respectively. The numbers for an otherwise identical lease of a 2009 model are .00050 and 47%, respectively.
 
Mazda is not currently providing any cash incentives on leases of the 2010 Mazda3, but it does have $500 on the '09 Hatchback.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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