Last post on Dec 07, 2013 at 9:43 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mazda MAZDA6, Car Leasing, Hatchback, Sedan, Wagon
Jun 22, 2013 (12:03 pm)
Please can someone that is familiar with how leases are priced help me evaluate whether the following lease payments are a good deal or not? Car dealership is in NY metro area.
My lease is 20,000 miles per year for 2 years. Please take that as a given as I need these parameters.
MSRP: $31,190 (2014 GT with FoW and MRCC)
Invoice price : $29,421
Money factor: 0.00022
Money down of $1,984 (made up of bank fee 595, tax 950, first months payment 439)
Monthly payment (inclusive of tax): $439
Any thoughts would be gratefully appreciated.
#425 of 553 Re: Lease help [ronny76]
Jun 22, 2013 (2:57 pm)
I'd go with a 4 cylinder camry XLE with a similar MSRP (or actually $1000 less but with similar features) with a money factor of .00001 and a much lower selling price. But if you prefer the mazda due to appearance/other, I have no opinion as to whether that's a good deal or not. Happy motoring whatever you do.
#426 of 553 Re: Satellite radio? Heated seats? [stlram28]
Jun 22, 2013 (2:59 pm)
That's one thing I don't understand-- how in heavens name does mazda only offer satellite radio in the top of the line grand touring. Ridiculous. Appears you got lied to about the satellite being able to be put into a touring. Correct me if I'm wrong.
#427 of 553 Re: Lease help [ronny76]
Jun 22, 2013 (7:38 pm)
Using your numbers, it appears that the capitalized cost of the car to get you to $439 a month is around the MSRP. Based on posts, the car should sell for invoice +/- a few hundred. kbb.com says a fair price is $200 over invoice.
Who is the leasing company? Is it Chase (Mazda Capital Services) or a third party leasing company. That money factor seems low and considering the residual percentage for a 36 month, 10K/yr is 60% (see post 408) these days, a 67% residual for a car with 40K miles, even only two years old, looks high. If it is a third party leasing company be careful, check out the disposition fees and know they will hit you with excess wear and tear charges that Chase would not. They have to make money somehow and they are not making it based on the MF and residual. Also, you should put all the fees into the lease. Should the car be stolen or totalled in an accident, you lose everything you paid at inception.
#428 of 553 Re: Lease help [ral2167]
Jun 22, 2013 (7:54 pm)
ral, ronny wants a car with MRRC and FOW. That's radar cruise control and forward obstruction warning. Those aren't available on a Camry. The GT also has Bi-Xenon Adaptive headlights and the City Braking system similar to Volvo. Can't get them on a Camry. And the Camry received a Poor in the new Small Overlap crash test so I wouldn't want to be behind the wheel of one. Suggest you consider a Mazda6. It's worth a few extra bucks.
#429 of 553 Re: Lease help [gee22]
Jun 23, 2013 (3:52 am)
What if the car behind you (say, a camry) doesn't have MRRC and FOW?
#430 of 553 June GT Residual & MF @ 12k Miles Please
Jun 25, 2013 (1:30 pm)
June GT Residual & MF 12k Miles Please
Thanks in advance.
#431 of 553 July Residuals/MF's
Jul 01, 2013 (12:08 pm)
I'm in MN - looking for July MF and residuals.
I'm considering either the Touring w/ tech package or GT model. 12K miles per year.
#432 of 553 Re: Mazda 6 touring tech pckg [CarMan@Edmunds]
Jul 09, 2013 (11:12 am)
Can you please provide the lease numbers for a 2014 Mazda 6 GT, 36 months, both 12 and 15k.
#433 of 553 2014 Mazda 6 Lease
Jul 11, 2013 (10:38 am)
I am looking into leasing a 2014 Mazda6 Grand Touring. I have $2000 to put down if needed. I want to know what residuals would be for 24 mo's with 20k miles per year. I live in AL if that helps any. Also, will Mazda do a lease for less than 24 months? Thanks in advance!