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Mazda6 Lease Questions

394 messages,  Last post on May 23, 2013 at 5:11 PM

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



Messages Page 36 of 40

#348 of 394 Re: hey, carman, where are you? [pegasus17] by Car_man HOST

Jan 27, 2013 (8:19 am)

Replying to: pegasus17 (Jan 25, 2013 11:22 am)
Hey pegasus17. I just answered your post a few seconds ago. Please scroll up for my response. Thanks and have a great day!
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#349 of 394 2014 Mazda 6 Touring by nvnick1

Mar 07, 2013 (2:22 am)

Carman -
 
Can you provide the current MF & residual for the '14 6 Touring here in Indianapolis? That's for a 36 mo, 12k miles/yr lease. Mazda recently announced that they were adding the manual transmission to the Touring car (currently only available in the base Sport model); does your crystal ball know when it will be released??? As always, thanks Carman!

#350 of 394 Re: 2014 Mazda 6 Touring [nvnick1] by Car_man HOST

Mar 16, 2013 (12:54 pm)

Replying to: nvnick1 (Mar 07, 2013 2:22 am)
Certainly nvnick1. Chase's March buy rate lease money factor and residual value for a 36-month lease of a 2014 Mazda6 Touring Sedan with 12,000 miles per year are .00168 and 58% for consumers who qualify for its top credit tier.
 
Currently the manual trans is only available on the Sport. I'm not sure when it will be available on the Touring model.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#351 of 394 Lease on 2014 in Austin, Tx by austinite23

Mar 26, 2013 (4:33 pm)

Hi,
 
I am getting a 39mo lease (10k mi a year) with $0 down for touring with navigation package for $350 a month. I'm not sure how good of a deal this is...going to check out a couple of other cars but if anyone can tell me if this is a good price, i'd appreciate it.
 
Thanks1!

#352 of 394 Re: Lease on 2014 in Austin, Tx [austinite23] by huskerfan5

Mar 27, 2013 (2:11 pm)

Replying to: austinite23 (Mar 26, 2013 4:33 pm)
You need to find out the residual, money factor and capitalized cost of the car as well as any fees included or not included in the capitalized cost. Any reputable dealer will tell you if you ask. You can't comparison shop on monthly lease amounts. You could go to ten dealers and nine give you one price and the tenth gives you a price $100 lower. You think you just got a great deal, but you put the numbers into a calculator and you find out the lowest lease quote actually priced the car out at abover MSRP.

#353 of 394 Re: Lease on 2014 in Austin, Tx [huskerfan5] by biggbrother

Apr 03, 2013 (12:22 pm)

Replying to: huskerfan5 (Mar 27, 2013 2:11 pm)
Perhaps I am missing something, but what you have stated doesn't make sense. Why should the buyer care if the lowest lease quote actually priced the car out above MSRP? First of all I don't think this is likely, since generally the higher the selling price the higher the lease (generally).
 
But secondly, the buyer is only concerned with how much money he is putting down and how much the monthly payment will be while meeting the desired terms of the lease (lentth and miles per year).
 
So if Dealer X is meeting my terms at the lowest monthly lease rate, but on paper the selling price is higher, I don't care if the dealer is making more money on the deal as long as I am paying LESS than at another dealer.

#354 of 394 2014 Mazda 6 Sport Automatic in Kansas by will_ksu

Apr 04, 2013 (11:37 am)

Hi Car_man,
Would you please provide the leasing information for a 2014 Mazda 6 Sport Automatic for zip 66502 in Kansas? This would be for 36 months at 12,000 miles/year. Feature, economy, & price wise, I'm thinking it might be a better deal than a Mazda 3 i Touring HB & wanted to compare.
Thanks,
Will_KSU

#355 of 394 Re: Lease on 2014 in Austin, Tx [biggbrother] by huskerfan5

Apr 04, 2013 (6:09 pm)

Replying to: biggbrother (Apr 03, 2013 12:22 pm)
You are missing quite a bit and that is the reason a dealer would love to have you walk into their showroom.
Let's say you saw a car with an MSRP of $26,000 but with a selling price of $25,000 advertised by several dealers. Based on that, you would figure you could probably get the car for under $25,000 but worst case the full $25,000.
However, you are interested in leasing and visit three dealers. Two quote you $350 a month and the other $340. $325 is in your budget, so after some haggling, you knock it down to $325 a month and go home happy. Now, to calculate a lease payment, you need the residual, money factor, MSRP and selling price of the car. We know the MSRP of this car so let's use some typical residuals and money factors (60% and .00125) to back into the selling price. To get to a $350 monthly payment using these figures, the selling price would be $26,300. The $340 payment means they are selling you the car at MSRP. The $325 payment you bargained for means a selling price $25,500. I walk into any of the dealers, ask what the residual and money factors are and then ask for their lease amount. I put them into my calculator and tell them you are charging me more than the $25,000 advertised price. If I use a selling price of $25,000, the payment would be $312 so they say, oops, we must have made a mistake, of course we will use the $25,000 selling price. So you are happy with the $325 and I'm even happier. They are lots of people out there who would never think of paying MSRP for a car but haven't realized they actually did when they leased their car.

#356 of 394 Re: Lease on 2014 in Austin, Tx [biggbrother] by huskerfan5

Apr 05, 2013 (6:39 am)

Replying to: biggbrother (Apr 03, 2013 12:22 pm)
and since your second point mentions using a down payment, I just want to add that unlike a purchase, where it's a good idea to put down as much as possible, it's the exact opposite with a lease. Should the car be stolen or totalled, you will not get back any of the money paid at inception. Yes, you would be paying a little more in interest but that should be considered really cheap insurance. You put down $5K on a lease to lower your payment by about $150/month and the car is stolen, you are out the $5K.

#357 of 394 Re: 2014 Mazda 6 Sport Automatic in Kansas [will_ksu] by Car_man HOST

Apr 08, 2013 (4:42 pm)

Replying to: will_ksu (Apr 04, 2013 11:37 am)
Hey will_ksu. I see that you're looking at multiple Mazdas .
 
Chase's April buy rate lease money factor and residual value for a 36-month lease of a 2014 Mazda6 Sport with an automatic transmission and 12,000 miles per year are .00073 and 62% for consumers who qualify for its top credit tier.
 
Good luck and let us know which one you decide to go with.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 36 of 40

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