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Mazda6 Lease Questions

392 messages,  Last post on May 14, 2013 at 3:58 PM

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What is this discussion about? Mazda MAZDA6, Car Leasing, Hatchback, Sedan, Wagon



Messages Page 1 of 40

#1 of 392 Mazda6: Lease Questions by Car_man HOST

Aug 31, 2005 (4:51 pm)

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mazda6. Thanks.
 
Car_man
Host
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#2 of 392 06 Mazda 6 by jhandal

Nov 10, 2005 (8:52 pm)

Hi i just wanted to know if anybody knew the current money factor and residual on an 06 mazda grand touring S. I've been to a couple of dealers but they all seem to give me differet numbers. Thanks

#3 of 392 Re: 06 Mazda 6 [jhandal] by Car_man HOST

Nov 13, 2005 (9:21 am)

Replying to: jhandal (Nov 10, 2005 8:52 pm)
Hi jhandal. I would be happy to help you out. You never mentioned how long you want to lease this car for or how many miles per year you need to be able to drive it, so for now I will give you the info for a 36 month, 15,000 mile per year lease. Let me know if the lease that you are interested in is different. If you were to lease a 2006 Mazda6 GT sedan S through its captive finance company right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00211 and 48%, respectively.
 
Car_man
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#4 of 392 Re: 06 Mazda 6 [Car_man] by rtadams

Dec 11, 2005 (12:57 am)

Replying to: Car_man (Nov 13, 2005 9:21 am)
Car man,
  Could you please post the money factor and residuals for the new Mazdaspeed 6 in both the Grand and Sport models?
 
Thanks a lot!

#5 of 392 Re: 06 Mazda 6 [Car_man] by audia8q

Dec 12, 2005 (10:15 am)

Replying to: Car_man (Nov 13, 2005 9:21 am)
Car_man....
 
just FYI....the .00211 rate is based on the very best credit and not everyone will qualify. Also there is lease cash that varies per region. In the northeast it's $2000

#6 of 392 Re: 06 Mazda 6 [rtadams] by Car_man HOST

Dec 18, 2005 (12:39 pm)

Replying to: rtadams (Dec 11, 2005 12:57 am)
Here you go, rtadams. You never mentioned how long you want to lease this car for so for now I will assume that you are interested in a 3 year lease with 15,000 miles per year. Let me know if you want a different length or mileage allowance. According to the latest information that I have seen, if you were to lease a 2006 MazdaSpeed6 Grand Touring through Mazda Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00148 and 44%, respectively. The numbers for an otherwise identical lease of a 2006 MazdaSpeed6 Sport should be .00148 and 45%. Both of these money factors assume that you qualify for Mazda's top credit tier and pay a security deposit. When negotiating your lease on this car, make sure to keep in mind the fact that Mazda is currently providing $1,200 lease cash on it. This incentive will help you to negotiate an attractive capitalized cost.
 
Car_man
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#7 of 392 Re: 06 Mazda 6 [audia8q] by Car_man HOST

Dec 18, 2005 (12:41 pm)

Replying to: audia8q (Dec 12, 2005 10:15 am)
Very good point, Rich. You are absolutely right. I normally provide community members with information on the money factor for banks' top credit tiers, but not everyone will qualify for them. Furthermore, consumers are usually required to pay a security deposit to qualify for the factors that I mention. Many banks will waive their security deposit requirement in exchange for a slight increase in the money factor that is used. Thanks for the info on the lease cash as well.
 
Happy Holidays,
 
Car_man
Host
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#8 of 392 Re: 06 MazdaSpeed6 GT [Car_man] by masscounsel

Jan 09, 2006 (7:26 pm)

Replying to: Car_man (Dec 18, 2005 12:39 pm)
Have the numbers for the MS6 GT changed at all? I have a quote from a dealership for the MS6 GT with a negotiated price of 29700 (car+moonroof), 39 mos at 15K/yr, and a monthly payment of $412 with 4667 down (I guess basically throwing 3000 at the car & the rest financing fees, first month, security, etc.). When I do the calculations given the dealership's figures, I come out with something different (like 388 a month!). What am I missing? Thanks very much, Car_Man!

#9 of 392 Re: 06 MazdaSpeed6 GT [masscounsel] by Car_man HOST

Jan 10, 2006 (3:52 am)

Replying to: masscounsel (Jan 09, 2006 7:26 pm)
Hi masscounsel. I haven't seen a 39 month lease program for this car, but Mazda Credit's current 36 month, 15,000 miles per year buy rate lease money factor and residual value for the 2006 Mazda6i GT Sedan are .00223 and 48%, respectively. When negotiating your lease on this car, keep in mind that Mazda is currently providing $1,000 lease cash on it. This money will help you to negotiate an attractive capitalized cost. I can't double check the lease payment that you were quoted without knowing what this car's full MSRP is. If you let me know, I'll work up a payment on it for you.
 
In your post I notice that you mentioned you are making a $3,000 down payment on this car. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Mazda6 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all.
 
Car_man
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#10 of 392 buyer's remorse by duhfool

Jan 15, 2006 (8:48 pm)

So I just finished a lease for a mazdaspeed6.
I wished I head done more research on leasing, but since my mindset was to buy the car, I didn't bother.
 
Going over the numbers, I noticed that the car was basically 1K over MSRP.
 
In hind site, I was focused on getting a decent monthly payment that I didn't pay attention to the numbers before signing (didn't notice the extra $640 in doc fees as well).
 
question for the future:
My question:
1. Is the cap cost fixed when leasing, or is it a negotiable value.
I was given the impression that I could not negotiate the cap cost (it was fixed).
After reading this thread, I assume that is not the case.
Is the residual based on the negotiated cap cost or is it a fixed rate?
 
2. If I buy out the lease, do I still have to pay the rent charge or do I only have to pay the residual at the time I buy it out?
 
3. Is there time period to wait before I buy the lease out?
 
Thanks.

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