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Hatchbacks Mazda3 Mazda3: Lease Questions
446 messages, Last post on Dec 04, 2009 at 1:43 PM
You are in the Mazda3 Forum. Your Host is pf_flyer
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Replying to: rgeba (May 29, 2009 7:26 am) Mazda used to have its own captive finance company, Mazda Credit. Mazda Credit is no more. Mazda now runs all of its official leases through Chase, but since you leased your Mazda3 several years ago your deal was run through Mazda Credit. It is entirely possible that there isn't enough people left at what once was Mazda's captive finance company to negotiate purchase prices on leased vehicles on an individual basis. Mazda Credit could have laid everyone off and farmed out almost all of the lease return process to Mazda's dealer network. That's one possible explanation for this situation. Whatever the story is here, over $1,000 in fees for you to purchase your leased vehicle is absolutely nuts. Even if the car was a great deal, I personally would almost feel compelled to walk away from it out of principle. Have you tried visiting another Mazda dealer. You do not have to return your car to the original dealer that you leased it from. Perhaps a different dealer would be more reasonable and only take a couple hundred bucks onto this transaction. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jun 01, 2009 2:09 am) Yes, someone at Mazda Credit did tell me that the dealer owns the car, and yes, you are correct, this is NOT true. I made a few follow-up calls to to the Mazda Credit 800 number, and it seems to me that it is a call center staffed with people with differing amounts of knowledge and savvy. I finally got to someone at Ford Leasing services, and she verified that they (Mazda American Credit) own the car. She also confirmed that the lease buyout had to be done through a dealer, preferably the original leasing dealer. She agreed the amout of the admin. fees sounded unusual. It seemed that it would be OK to try a different dealer. I am going to call a few dealers today and see what they say. I am a bit concerned that they may want to "protect" the original dealer so that they don't hurt their relationship with them if they need a favor down the road (getting a specific car, etc.). I also plan to talk to the owner of the original dealer since the sales manager said that only he can make any decision related to fees. Like you, I am so irritated my these unjustifiable fees that I would rather walk from the buyout rather than give this dealer any more money.
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Does anyone happen to have the current June residual and money factor for a 36/12 lease on both the S Sport and Grand Touring models? Thanks!
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Replying to: Car_man (May 26, 2009 2:00 am)
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Replying to: cartunes (May 26, 2009 1:32 pm) Be careful! Great car though... what color are you going to pick? I love the pearl white! |
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Replying to: nycarguy2 (Jun 02, 2009 7:19 am) |
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Car_Man, Can you provide the money factor and residual for a 2010 Mazda3 4 Door i Sport Automatic? I'm looking for a 36/39/42 month lease and 10k/12k mileage. What fees and monthly payments should I expect to pay for this? New York tax rates. Thank You |
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Replying to: rgeba (Jun 01, 2009 7:48 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: nycarguy2 (Jun 02, 2009 7:19 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: jvsa (Jun 06, 2009 7:58 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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