Last post on Dec 07, 2013 at 9:43 AM
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Mazda MAZDA6, Car Leasing, Hatchback, Sedan, Wagon
#146 of 553 Re: 2008 Mazda6 lease [krwest1]
Mar 13, 2008 (8:03 am)
Thank you again for your help. I've worked everything out on my own instead of using Mazda's online calculator, but I still am getting incredibly low numbers. I've been quoted on a Mazda3 this time for a residual value of $11,647 after 24 months. Using the S-plan pricing of the trim I'm looking at, which comes to $15,539 before tax and fees, I added $635 destination charges and $300 in fees. The price comes to $16,474. I then applied 6% sales tax and used a money factor of 2% (0.00048). I also used the $500 lease cash currently offered on the Mazda3 as down payment. After working everything through several times to ensure mistakes were not made I came up with a monthly payment of $205.16. This is without placing a down payment of my own and at 12,000 miles a year.
After adjusting my last work to compensate for the lease cash, I also came up with $228/mo for the Mazda6. So I know I'm working this out right on the Mazda3. That is, unless, the lease on the Mazda3 is not at a similar money factor as the Mazda6. Any advice? My dealer is trying to get me to lease a Mazda3 at $216/mo with $1500 down. I'm also aware he did not include the $500 lease cash in his calculations. He also used a money factor of 11.95% (0.002868)!
What should I do? Thanks.
#147 of 553 Re: 2008 Mazda6 lease [adreas]
Mar 13, 2008 (9:36 am)
What is the MSRP of the Mazda3 that you are looking at? What trim level (i Sport Sedan, i Touring Wagon, etc.)? I can tell you that the money factor on the Mazda3 is substantially higher than the Mazda6. It's somewhere around .00225 (5.5%) for the i Touring. By the way, money factor X 2400 equals interest rate. Your calculations were backwards. For example, if the money factor on the Mazda6 is .00048, the effective interest rate is .00048 X 2400, or 1.152%.
#148 of 553 Re: 2008 Mazda6 lease [krwest1]
Mar 13, 2008 (10:21 am)
Ok, I notice where I went wrong now. I was told to use a different equation to figure for the money factor. I see that it's the wrong way. It's not the math that's hard, I take advanced math courses, but you'll screw up either way if you're using the wrong formula. I am looking at the Mazda3 i Touring (manual) and Mazda6 i SVE (manual). I reworked according to your equation and came up with $218.48/mo on the Mazda3 with $1,500 down including the lease cash. At $2000 down, including lease cash, I am at $195.21/mo. This is for a 24 month lease using 12,000 miles per year. Could you help me with the Mazda6's figures? Thanks in advance!
#149 of 553 MAZDA6 i Sport Value Edition 5-Spd Auto
Jul 02, 2008 (7:30 am)
Could someone please provide the current money factor and residual value on this model? The MSRP is roughly $21450.
Looking for numbers on 24 & 36 month leases - 12K miles per year.
#150 of 553 Re: MAZDA6 i Sport Value Edition 5-Spd Auto [brandj5]
Jul 09, 2008 (3:10 am)
Hi brandj5. Interestingly, it does not appear as though Mazda is providing lease support on the Mazda6 in July...at least not nationally. This means that you probably don't want to lease this car right now. If you really want to get a Mazda6, take advantage of its new aggressive special financing program and finance it at 0% for 5 years instead.
Prices Paid: Buying & Leasing Experiences Forum
#151 of 553 2009 Mazda6 money factor and residuals
Sep 03, 2008 (9:38 am)
Can you please post the money factor and residuals for:
2009 Mazda6 i Touring, 24/36 months, 10500miles/year
2009 Mazda6 i Grand Touring, 24/36 months, 10500miles/year
I would like to have this information before I contact the dealer.
Thanks for your help.
#152 of 553 Re: 2009 Mazda6 money factor and residuals [gene66]
Sep 10, 2008 (2:41 am)
Hello gene66. Here's the info that you're looking for. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of any 2009 Mazda6 i with 10,500 miles per year are .00189 and 68%, respectively. The numbers for an otherwise identical 36 month lease are .00185 and 58%. When negotiating your lease on this car, make sure to take advantage of the $1,250 cash incentive that Mazda is currently providing on leases of it.
Prices Paid: Buying & Leasing Experiences Forum
#153 of 553 Re: 2009 Mazda6 money factor and residuals [Car_man]
Sep 14, 2008 (8:15 am)
Hi Car Man,
What are the current lease rates for a 24 month lease with 12K miles per year?
and for 36 months with 12K miles?
I assume these apply to the new Mazda6 (and not the old one).
How much is the acq fee? Are there any fees (other than ttl) that I should be aware of eg sec deposit, doc fees etc?
Are there any other incentives other than the $1,250 - I understand some dealers are selling at S plan rates and that there is some sort of 'loyalty' rebate as well?
#155 of 553 Re: 2009 Mazda6 money factor and residuals [mssurrey]
Sep 14, 2008 (9:11 pm)
I JUST picked up my 09 Mazda 6 i Grand touring today in silver.
The deal i got was, 12k miles for 24 months, 600 dollars down and 375 per month with first month, tax, reg, all included. Buy out at the end is 18900.
The best part is, the MSRP on my car is 28350 because i added the bose system. The dealer went 1000 below invoice and settled for the price of 25300.
This was at Puente Hill Mazda, in SoCal