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Prices Paid: Buying & Leasing Experiences Mazda RX-8 Lease Questions
29 messages, Last post on Dec 09, 2008 at 6:07 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Car Man, I would like a little assistance as I just can't wrap some numbers around for a new lease. Currently, I am driving an '04 RX-8 Manual Touring with a couple of other minor add-ons. The retail price of the car was $31,409. I leased with $1800 Cash/$1800 Trade In, plus $2500 in rebates, S-Plan discount, for a total Cap Cost of $23k and change. My monthly payment for 30 Months/30,000 Miles is $217 (Including Mazda's Tire Care Package) Now, here's my dilemma. The mileage for the lease was plenty early on but I have since relocated and my monthly mileage will exceed the allottment within the next four weeks. My lease is due in April, but the way I figure it, if I roll the remaining payments into a new lease, it will be cheaper than paying the extra mileage. I have about $1700 remaining in payments, plus am estimating $1800 in excess mileage if I ride out the lease. What I'd like to know is any advice you may have on my options plus the money factor and residuals for a new '06 Manual RX-8 for 24/30/36 Months at both 12,000 and 15,000 Miles for all three durations. Thank you very much.
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Replying to: mgbaumann (Jul 19, 2006 2:30 pm) Anyhow, Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2006 RX-8 with a manual transmission and 15,000 miles per year are .00172 and 59%, respectively. The numbers for an otherwise identical 36 month lease of this car are .00267 and 50%. If you were to lease it with only 12,000 miles per year, its residual values would be 2% higher. When negotiating your lease on this car, make sure to take the $2,000 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost. Car_man Host Prices Paid Forum
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Replying to: Car_man (Aug 02, 2006 3:25 am) i am looking at leasing an 06 rx8, either a manual or auto. 24 month, 15k/or 18k do you have the available residual values and factors for this month? what does mazda typically require for "a" program for credit? thank you for your help
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Replying to: ashsproperty (Sep 17, 2006 8:44 am) Car_man Host Prices Paid Forum |
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Can anyone post the residual value and money factor for 48 months for an RX-8?
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Replying to: anijhaw (Dec 18, 2006 6:26 pm) Car_man Host Prices Paid Forum |
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Hi carman and everyone else! I am looking to lease an 07 touring auto for 24 months with 10k miles a year. Is it possible to get the current rates? Also, did anyone manage to get an 07 touring for around 27k or so? Looking to get as much off MSRP as possible.
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Anyone know the terms of the current Mazda lease promotion? Specifically, I'm looking to determine the residual % (for 15k) and the money factor to negotiate my own deal. If I knew either the capitalized cost for Mazda advertised deal below I can calculate the money factor. 2007 RX-8 Sport MT $329/Month, 36-Month Lease, $2,329 due at Lease Signing after $1,500 cash back. Includes 1st Month's Payment. Excludes taxes, title and fees. Lessee responsible for excess wear and mileage over 36,000 at $0.15/mile. Total payments of $11,844. Purchase option at lease end for $13,785. Thanks for any help!
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Replying to: p996 (Mar 21, 2007 8:11 pm) Car_man Host Prices Paid Forum |
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Replying to: janmic (Apr 14, 2007 7:25 pm) Car_man Host Prices Paid Forum
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