Last post on Nov 25, 2013 at 7:09 PM
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Mazda MAZDA3, Car Leasing, Hatchback, Sedan
#652 of 850 Re: Money Factors/Residuals [mrbucket]
Oct 08, 2010 (2:08 am)
Here's the information that you're looking for, mrbucket.
Mazda's October buy rate lease money factor and residual value for a 36 month lease of a 2011 Mazda3 i Touring Sedan with an automatic transmission and 15,000 miles per year are .00232 and 63%, respectively.
The numbers for an otherwise identical lease of an '11 Mazda3 s Sport Sedan AT are .00232 and 66%.
Prices Paid: Buying & Leasing Experiences Forum
#653 of 850 Numbers please...
Oct 15, 2010 (5:46 am)
I am looking to lease a 2010 Mazda 3 iTouring Sedan AT with moonroof/bose package. Can you provide me with the mf and residual for a 10,000/36 lease?
Thanks in advance!
#654 of 850 Re: Numbers please... [rolento76]
Oct 25, 2010 (2:02 am)
Hi rolento76. Here's the information that you're looking for. Mazda's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda3 Sedan Touring with 10,000 miles per year are .00158 and 58%, respectively.
Prices Paid: Buying & Leasing Experiences Forum
#655 of 850 Don't Lease cars these days
Oct 28, 2010 (1:52 pm)
Guys, lease is a big no-no these days. Cars holding the value much better. You don't drive out and lose 3 grand anymore. since the internet, people no longer pay outrageous amounts to dealers in the first place. Cars are better and you can keep them longer to drive the cost down.
#656 of 850 Re: Don't Lease cars these days [slavuta]
Oct 28, 2010 (3:24 pm)
Guys, lease is a big no-no these days.
In your opinion. For the person that gets the itch to get a new car every three years and continually rolls their negative equity into a new loan leasing is the way to go.
#657 of 850 shopping for a lease, but need some answers
Nov 15, 2010 (2:50 pm)
My wife and I are shopping for a new vehicle lease for the first time. We decided that with the number of vehicles we go through and the number of changes we make that this is the right choice for us. I think we have fair credit after estimating our FICO score at myFICO. (630-680). We are interested in a Mazda3 S sport 4 door or i Touring. My first question is what should I expect if we finance through Chase with our credit as far as money factor? Additionally, I used the Auto Lease calculator and want to know if these are reasonable numbers.
2011 Mazda3 S Sport Automatic
Vehicle Sales Price: $19857 (invoice cost and destination fee)
Sales Tax: $1092 ( I live in WI)
Title Fee:$298 (not sure if this is correct for my state)
Lease Term:36 months 45000 miles
Residual value: $14160 (taken from edmunds true cost to own)
Money factor: .0016
Acquisition Fees: $0
Security Deposit: $200 (automatically put in, but would actually be $0)
Total loan amount:$18644.00
Payment with tax: $186.77
Am I shooting to high? Thanks!
#658 of 850 Re: shopping for a lease, but need some answers [mstrand]
Nov 17, 2010 (10:18 am)
I don't know all the real numbers, but I don't see you getting a zero down 15k/yr lease for $186.77. No way. If it was that cheap, Mazda wouldn't be able to keep them on the lots.
The deal i just saw Mazda advertising is $199/mo with zero down. Again, didn't look at details, but my guess is that is for 12k/yr and a base model with auto trans.
#659 of 850 Re: shopping for a lease, but need some answers [qbrozen]
Nov 19, 2010 (3:21 pm)
The numbers are my own from doing research and plugging into the edmunds.com lease calculator. Cost was invoice plus destination fee (who wants to pay MSRP?) The biggest unknown factors are the money factor (My FICO is in the 630-650 range) and taxes. I'm looking for an answer as to what I should expect from Chase ( I believe they are the major Mazda financier) as far as credit approval for a zero down lease. The advertised lease is for 42 months and 42000 miles at $199/month. The dealership is offering their own incentives on the i touring automatic (they have 11 in stock) for purchase. I included the same incentives in my figures, since either way it clears their inventory. The invoice price is for the S sport (the model I'd prefer), but I do have numbers I could figure for the i touring if anyone is interested in looking at those.
#660 of 850 Re: shopping for a lease, but need some answers [qbrozen]
by kyfdx@Edmunds HOST
Nov 20, 2010 (6:19 am)
I was thinking that was a pretty low payment, too..
But, my local Mazda dealer is advertising the 2011 Mazda 3 for $233 down and $159/mo..
1) 42 month lease
3) Doesn't give the "due at signing" amount, other than to state there is no security deposit required (so.. is there an acq.fee due? don't know.. Is it $233 due at signing, or $233 + $159?)
4) Obviously a stripped model (includes A/C!)
Now, with the caveat that 42 months is a long time to lease a car.. let's look at worst case.
a) Actual due at signing may be: $233 +$159 +595 (acq.fee) = $987
b) 3% lower residual to bump to 15K/yr mileage allowance (add $600)
c) $233 +$595 +$600 = $1428 / 42 mo. = $34/mo.
d) Total lease cost: $159 + $34 = $193 +tax..
That's still very, very cheap to lease any car at 15K/yr... and, who knows...maybe the acq.fee is included in the ad price.. If so, knock $15/mo off..
#661 of 850 Re: shopping for a lease, but need some answers [kyfdx]
Nov 23, 2010 (10:25 am)
it is cheap... and after you add DMV and tax, you are probably in the $215 range for 42 mos ... but that is still quite a ways from the $187 WITH tax for 36mos the OP stated.