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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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Hi, I was wondering if anybody can comment on this deal: No added options MSRP $19,910 Sale price $18,410 Term 39 months Money factor 0.00184 Redisual 55% - $10,950 Monthly payment $231 Upfont charges total $2446: - $500 cap reduction - $595 acquisition fee - $272 tags and registration - $231 first monthly payment - Paid taxed in advance $848
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Replying to: luke111 (Apr 01, 2007 5:38 am) Just last weekend we picked up one for my brother-in-law. An S touring sedan with moonroof and automatic. MSRP was around $19,800. 27 months, 69% residual. 595 acquisition, 285 DMV, the fees were high at $600, but they gave him $500 more for his trade than it was worth, so that was a wash. They gave him $3k for his jetta and he put down $200 cash. His payment is $211 with tax included. Yes, he put down $750 more than your deal, BUT his lease is 12 months shorter and he has a $20 cheaper payment. So your deal just doesn't seem to make sense. I think it mostly has to do with that residual. I mean, 69% after 27 months is better than 55% after 39. Maybe you should ask them to work up a 27 month deal. That is where mazda's incentives lie right now, after all. |
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Car_Man..do you have the April MF and Residuals for 15,000 per year? Thanks!
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I don't really know much about leasing cars, but I'd really like to find a way to get a 2-year lease for this model with the sunroof & 6-CD changer package for somewhere between 200 and 240 a month. Is that possible? What exactly would I have to do to pull it off? Any information people could share with me would be greatly appreciated. Thanks!
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Replying to: tucci314 (Apr 08, 2007 8:12 pm) That's the same vehicle my Brother-in-law is now driving for 27 mos at $211 and his down payment was the $3k they gave him for his trade-in. With zero down, it would be somewhere around $340, i think. If you want $240, you'd have to put down probably somewhere around $2500. |
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Replying to: tucci314 (Apr 08, 2007 8:12 pm) 
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Replying to: stallionre (Apr 09, 2007 9:47 am) my brother-in-law is actually saving money by leasing. he plans to buy the car at the end of the lease, but thanks to the subsidized rate through mazda, he will be saving about $400 by taking the 27-month lease now and financing the balance for 36 months later compared with financing the full amount for 60 months now. This isn't a fluke. Take a look at volvo's recent programs, for instance. They were offering somewhere in the neighborhood of $6500 cash if you lease through an independent bank. That money ONLY applied to leases, not financing. So if you financed the car, you'd pay ALOT more for it. All things being equal, yes, it is probably safer to finance. But things aren't always equal. There are deals out there where leasing saves you money.
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Replying to: qbrozen (Apr 09, 2007 2:57 pm)
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Replying to: stallionre (Apr 09, 2007 3:23 pm) well, again, he does plan on keeping it. it just so happens that leasing and then buying out the lease is going to save him money in finance charges thanks to the low lease rate. I think that buying a car, with half down is the ideal. And again here, it really isn't as easy as a blanket statement. Every situation is different. As you said, depreciation is definitely something to take into consideration, as are interest rates. Let's say, for instance, you have $10k to put down. That $10k is probably invested somewhere earning interest (at least it should be). Now let's say the manufacturer you want to buy from has a low finance rate. It might be 1.9%, for instance. Your investment is making 4.5% in the meantime. Taking money out of that investment to buy the car would not be the ideal situation in this case. Its pretty much the same situation with leasing. For example, my Honda lease has a MF that is equivalent to something ridiculous like 1.9%. It would not have been in my best interest to finance it at 6% when I can take advantage of their subsidized lease rate. Just like my BIL is taking advantage of the Mazda program, which is at around 4%, rather than paying 6.5% on a 60-month loan.
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Replying to: qbrozen (Apr 09, 2007 4:53 pm) But in all fairness, a lease can be a great deal and/or buying a car right out can be a great deal. It all depends on many factors. 
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