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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: Car_man (Oct 18, 2006 2:05 am) Here's the deal I offered them: 2007 Mazda3 S Touring Manual 36 month lease  12,000/year Cap Cost: $18,509 (invoice price) Taxes & Fees: $2295 Due at signing: $3092.75 Money Factor: .004 (due to credit score of 630) Residual: $11,513 (58%) Monthly Payment: $200 When I calculate this out, that's the payment I come up with using a financial calculator. Am I doing the math wrong? Certainly I've tried to cut their profit as much as possible, but the dealership called me and told me they'd sell me the car at or below invoice, so there shouldn't be any problem using that invoice price as the cap cost. Unfortunately, they originally came out with some astronomical figure like $429 per month (this, after telling me that the pencils are sharp because it's the end of the month). Finally they let me walk out with their "best offer" on the table of $5000 down and $220 a month. Are they simply crazy or am I not adding something up right? Basically I took the cap cost, added the fees of $2295, and came up with a total cost of $20,804. Subtract out the money due at signing (3092.75) and we're left with $17,712. Subtract the residual, and we have $6199, total amount financed. Amortize that over 36 months, at 10% interest (.004 money factor) and we're at exactly $200 per month. So why did these guys let me walk out the door while trying to take an extra $2000 out of my pocket at signing plus another $720 over the course of the lease? Whose math is wrong, theirs, or mine? Thanks in advance. Chris Perosi
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Replying to: Car_man (Oct 18, 2006 2:05 am) Would you know if the rates changed as of 11/1? I'm going shopping tomorrow for a 3sGT or 3sT (or maybe 6iVE): 36 months 17,500/year BTW, how much would I be paying to "pre-buy" the miles. I think I read somewhere on Edmunds.com that it should run about half as much as at lease end. Thanks, S.
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Replying to: mazda3_fan (Oct 18, 2006 7:38 am) Car_man Host Prices Paid Forum |
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Replying to: cperosi (Oct 29, 2006 9:04 am)  . Have you stopped by the following discussion yet: "Mazda3: Prices Paid & Buying Experience"? If not, make sure that you do. It contains tons of real world examples of deals that community members have gotten on this car. Checking it out should give you a good idea of how much you will have to pay for one. I would be happy to double check your calculations for you, however in order for me to do so I need you to provide me with this car's full MSRP, including the destination charge. Let me know and I'll crunch some numbers. In the meantime, check out the following informative article that is available here at Edmunds.com to see if you are using the correct formula: Calculate Your Own Lease Payment. Car_man Host Prices Paid Forum |
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Replying to: 100ofr (Nov 03, 2006 9:12 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Nov 15, 2006 2:55 am) Actually, you can do a 19,500mi/yr lease, however, the residual takes a big hit. If you want more miles then that, then you may purchase them at .10 cents/mile. Any unused miles over the 19,500 that you purchased will be refunded at the end of the lease. You cannot purchase additional miles with Mazda unless you do more then 19,500mi/yr. |
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Hi Car_man, Can you tell me what the lease rates are for December? I am looking at a 36 month, 12k per year lease on either the sedan or hatchback. Also, any rebates with leases being offered? Thanks, FeDriver
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Replying to: fedriver (Dec 08, 2006 12:33 pm) Can you also provide residual & MF for 24 & 36 month, 12k per year for both "S" sedan and hatchback? Thanks!
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Replying to: fedriver (Dec 08, 2006 12:33 pm) Car_man Host Prices Paid Forum |
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Replying to: mbartels11 (Dec 08, 2006 5:33 pm) Car_man Host Prices Paid Forum |
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