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Prices Paid: Buying & Leasing Experiences Mazda6 Lease Questions
267 messages, Last post on Dec 03, 2009 at 8:28 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hello Car_man, I’ve been keeping an eye on the local dealer inventories, and I’ll be requesting price quotes very soon. With the change of month, I’m guessing that there will be different residual values, money factor and rebates (I live in the northeast) for the lease I’m considering. So if you don’t mind, can you tell me what they are this month for the same car and conditions?: 2006 Mazda6i automatic with the Grand Sport package. 39 month lease with 12,000 and 15,000 miles per year allowance. My credit score is very good. Another thing I had forgotten to consider is this “destination charge”. From what I’ve read, you have about zero chance in negotiating it out of the total cost. Is the destination charge already included in the sticker price, or will the final MSRP be the MSRP stated on Edmunds + the destination charge. If it is the latter, will the residual value be based on sum of the two figures or on the “base” MSRP? Thanks again!
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I’ve received a quote from one of the internet managers so far, Car_man. I would still like your thoughts on the destination charge issue from my previous post, and also if you can still let me know what the residual and money factor you come up with for March so that I can compare… Here are some of the details of the quote: For 12k miles/year: Residual calculated to 49.65% of MSRP. Money factor quoted as .002530 For 15k miles/year: It wasn’t broken down for me as it was for 12k miles, but based on the monthly payments, I was able to calculate a residual of roughly 2% less (47.65%). And among some the other things I want to bring up: $3000 in lease rebates $595 acquisition fee $220 DMV / registration fee According to the dealer, the $3000 in lease rebates is taxable, therefore my total tax is being calculated by my net cap cost + the 3000. Is this fair practice? I live in NY, and I don’t know if it is. Also, the dealer wants me to pay the entire tax for the 39 months up front. Again, is this some law in NY? I’d rather not have to pay that up front in the event that the car gets stolen or totaled. I’m not thrilled about the $595 acquisition fee. Seems like an extremely excessive charge for processing paperwork. Can you tell me what the base acquisition fee is? And another $220 for the DMV / registration fee – is it reasonable? Shouldn’t this be included in the cost of the acquisition fee? I don’t know if I should be satisfied with the quoted money factor. The dealer said that anyone with a credit rating of at least 700 gets the same money factor from MAC. With the average credit rating in America is somewhere in the 720’s, I’m not feeling so special anymore  . And as you may recall, I wanted some options added onto the car. The options would amount to another $400.00 MSRP. I was given the VIN to look up on the Mazda web site, and I noticed that the sticker price that I was quoted did not include this $400.00. This is because the options are not yet installed, and they will need to add the options on at the dealership. But I can see that they are still charging me that $400 in my quote; The quoted sell price (before the $3000 rebate), appears to be what the invoice price would be (exactly) if it was based on the quoted sticker price + $400…PLUS another $500 which I’m assuming is just simply additional profit for the dealer. So by not increasing the final MSRP by $400 in the first place before figuring out the residual value, I’m losing out on over $150. May not seem like a whole lot, but once you figure they’re making money with that extra $500.00 over invoice, the ridiculous 595.00 acquisition fee, a questionable $220 DMV / registration fee, the commission paid to the dealer by the lease company, and an eventual 500.00 or so on dealer hold back, I think I still have bargaining room despite a taxed $3000 rebate. I’ve found out that adding the options that I want would take 24 hours to install. I really don’t want to have to sign any contract until those options are installed, so am I going to have to make some sort of a “good faith” deposit on the lease until the options are installed? Is that the way it usually works? If so, what’s considered a fair deposit? Thanks!
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Dear car ma, I recently leased a Mazda 6 grande sport from a local dealer. They had to locate a car for me and we hit the end of a timelimit for a carshow rebate of $1000. When I went to sign papers and asked to review the lease the dealer said they had to make some changes. When they gave me the lease to read the payment was $20. more a month then what I was expecting and also had been written up for 48 months instead of the agreed 36 months and 10,500 miles instead of 12,000 miles. I got the response of sorry I made a mistake but when the mileage and length were straightened out i felt the lease was still higher then what I expected. The sales manager told me the residual value of a mazda grande sport 5 door hatchback was 2% lower then the grande sport sedan. I felt I was being lied too. Is there a difference in these two almost exact cars or was it a trick to take my money?
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Replying to: javamonkey (Mar 02, 2006 1:10 pm) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Mar 16, 2006 5:47 pm)  Dear Car_man I read a lot of your good advices. May I ask you some Questions? I would like to buy BMW 0655 530xi. I thought that it is 2006 model and its MSRP is $57,720. I want to buy this model by lease- 36 months. Can I have a chance to know proper deal about this car? It is not matter about down payment. I just want to know fair deal. HOW much do I have to pay per a month? Please help me. Sincerely odc
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Replying to: mittbb (Mar 09, 2006 4:11 pm) The MSRPs that are listed here on Edmunds.com do not have vehicles' destination charges included in them. In order to figure out this car's real MSRP you will have to add the destination charge in. Vehicles' residual values are always based upon a percentage of vehicles MSRPs including the destination charge. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: mittbb (Mar 15, 2006 5:51 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: pretendstar (Mar 15, 2006 10:04 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: odc (Mar 16, 2006 11:47 pm) Car_man Host Smart Shopper / Prices Paid Forums
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Replying to: Car_man (Mar 17, 2006 4:04 am) Do you know what credit report BMW Financial uses? I'm at a 670 Equifax score and I'm kinda nervous about them pulling up my credit and me not getting approved. I know Lexus would approve me since they are on a tier method and 670 is good enough for them- but BMW is very secretive about the beacons. I make $85,000 and have 100k in law school loans on deferment status. I also just paid all of my credit cards and I have not one late payment on my current car. I pay $450 a month religiously. I would like to know what kind of a chance I have to get into a BMW lease. Can you give me advice? Do you think I can get approved?
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