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Mazda3: Lease Questions

828 messages,  Last post on Jun 17, 2013 at 3:38 PM

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What is this discussion about? Mazda MAZDA3, Car Leasing, Hatchback, Sedan

Messages Page 1 of 83

#1 of 828 Mazda3: Lease Questions by Car_man HOST

Aug 31, 2005 (4:50 pm)

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Mazda3. Thanks.
 
Car_man
Host
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#2 of 828 Mazda 3 5-door Wagon? by halo19

Sep 01, 2005 (10:41 pm)

Hi,
 
I posted this in the general lease forum, but perhaps it would be better here...
 
I'm looking to lease a 2005 Mazda 3 (manual transmission, 5 door hatch/wagon) for 24 months. What type of deal on a lease should I work towards or expect? I'm located in the SF area of California if that helps.
  
Thanks.

#3 of 828 Re: Mazda 3 5-door Wagon? by Car_man HOST

Sep 08, 2005 (4:19 am)

Hello halo19. Yes, this would be a better place for this question. We are beginning to transition from one large lease questions discussion to many model-specific discussions. Mazda is not currently providing any sort of lease support on the Mazda3. As a result, you may find that you are able to get a lower payment on one by leasing it through an independent bank than you would be able to by leasing it through Mazda Credit. I do not personally follow the lease programs of independent banks, but I can tell you how to get a good deal. Negotiate the lowest possible selling price on the Mazda3 that you are interested in. You may want to stop by the following discussion to get an idea of how much you should pay for this car right now: "Mazda3: Prices Paid & Buying Experience". Once you have an idea of the selling price that you want to pay, it wouldn't be a bad idea to comparison shop with a few dealers to see which one provides you with the most attractive lease payment using that price.
 
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#4 of 828 Mazda 3 5-door Wagon? by halo19 by z71bill

Sep 08, 2005 (5:47 am)

The 24 month term will drive the payment up THROUGH the roof - not sure why a 2 year term is required - but if you can extend out to 36 (48 even better) you will have a much lower payment.
 
I know that some very high end cars - Ferrari & Porsche - will be leased for 24 or even 12 months - but that is normally the super rich who just want the latest toy.
 
Its been close to 20 years since I was in the leasing business - so I am sure my numbers are not 100% accurate - but on a $20K MSRP car your payment on a 48 month lease will run close to $350 a month - take that down to 24 months and the payment will be at least $500 a month. They will also try and squeeze the number of miles allowed per year down to 10,000 - many longer term leases will be offered at 12-15,000 miles per year - but like everything else its negotiable.

#5 of 828 High Lease by casandranow

Sep 30, 2005 (9:08 pm)

Bringing this over from the Gen Pricing Forum:
 
Just getting into the 3 pricing and whatnot, but I've been looking to lease. We only have one local Mazda dealership around here, and the salesman quoted me around $339 a month for a 3S Touring 06 model. That seemed REALLY off to me for a 48 month lease, considering for a Cobalt, which was just around $1000 less the monthly payment for the same term was less than $230.
  
I wanted to see if I could find the Money Factor and residual so I could compute the lease price myself but I'm having no luck. Any suggestions on the next course of action here would be very appreciated.

#6 of 828 Re: High Lease by Car_man HOST

Oct 11, 2005 (2:58 am)

Hi casandranow. The problem with leasing a Mazda3 is that Mazda is not currently providing any sort of lease support on it. As a result, the lease money factors that you would have to use to calculate your car's monthly payment are fairly high, around 7.5% for consumers who qualify for Mazda's top credit tier. These rates seem especially high when they are compared to the special lease rates that are available on a number of other models, like the Chevrolet Cobalt that you mentioned. If you were to lease a 2006 Mazda3s Touring Sedan through Mazda Credit right now for 48 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00315 and 42%, respectively.
 
Car_man
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#7 of 828 Re: High Lease [Car_man] by crg4

Oct 12, 2005 (1:21 pm)

Replying to: Car_man (Oct 11, 2005 2:58 am)
Car_man,
 
How would these numbers, the residual and money factor, change for the same car - an '06 Mazda 3s - for a 36month/12k/yr. lease?
 
Thanks in advance!

#8 of 828 Re: Re: High Lease by Car_man HOST

Oct 20, 2005 (12:11 pm)

Hey crg4. Unfortunately, the lease program for a 36 month lease of this car isn't any better. According to the latest information that I have seen, if you were to lease a 2006 Mazda 3s through Mazda Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00315 and 57%, respectively.
 
Car_man
Host
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#9 of 828 good or bad deal? by hoyzhou

Nov 21, 2005 (11:03 am)

Hi, I recently leased a 2006 Mazda3 Touring (4dr) with .00225 money factor and 54% residual value for 36mo/12k mile per yr. and monthly payment came out to $292/mo. How's this deal?

#10 of 828 Re: good or bad deal? [hoyzhou] by Car_man HOST

Dec 01, 2005 (5:17 am)

Replying to: hoyzhou (Nov 21, 2005 11:03 am)
Hi hoyzhou. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on the deal that you got if you let me know what these numbers are.
 
Car_man
Host
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Messages Page 1 of 83

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