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Mazda RX-8 Lease Questions

29 messages,  Last post on Dec 09, 2008 at 7:07 PM

You are in the Mazda RX-8 Forum.

What is this discussion about? Mazda RX-8, Car Leasing, Coupe

Messages Page 2 of 3

#9 of 29 Re: 2006 RX 8 Lease question [kg6c] by Car_man HOST

Jun 20, 2006 (2:43 am)

Replying to: kg6c (Jun 19, 2006 8:09 am)
Hello kg6c. This is a good place for this sort of question. I assume that your lease is through Mazda Credit. Whether you will be charged for excess wear and tear for your car's tires depends upon how worn they are. Specifically, Mazda Credit charges consumers a penalty for tires that have less than 1/8" tread depth in all grooves except the outer grooves, or that have outer treads that have no wear remaining, or have internal belts or casings that are showing. You can find out more information about Mazda's lease-end inspection process and what it considers to be excess wear and tear by visiting the following site: Mazda American Credit - Excess Wear and Use.
 
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#10 of 29 New Lease Coming Up by mgbaumann

Jul 19, 2006 (3:30 pm)

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.

#11 of 29 Re: New Lease Coming Up [mgbaumann] by Car_man HOST

Aug 02, 2006 (4:25 am)

Replying to: mgbaumann (Jul 19, 2006 3:30 pm)
Hi mgbaumann. You are right that you the cost of your remaining payments and your excess mileage charge that you would have to pay if you continued driving it are about the same. However, you are not taking the fact that you are going to have to pay for those miles anyhow into account. If you don't put them on your old car, you will have to pay a higher monthly payment on your new one because of its higher mileage allowance AND still pay for your old car.
 
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.
 
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#12 of 29 Re: New Lease Coming Up [Car_man] by ashsproperty

Sep 17, 2006 (9:44 am)

Replying to: Car_man (Aug 02, 2006 4:25 am)
car_man
 
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

#13 of 29 Re: New Lease Coming Up [ashsproperty] by Car_man HOST

Sep 27, 2006 (3:16 am)

Replying to: ashsproperty (Sep 17, 2006 9:44 am)
Here's the information that you're looking for, ashsproperty. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2006 Mazda RX-8 with an automatic transmission and 15,000 miles per year are .00172 and 55%, respectively. The numbers for an otherwise identical lease of an '06 RX-8 with a manual transmission are .00172 and 59%. I'm not sure exactly what credit rating Mazda Credit requires for consumers to qualify for its top credit tier.
 
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#14 of 29 Lease Information by anijhaw

Dec 18, 2006 (7:26 pm)

Can anyone post the residual value and money factor for 48 months for an RX-8?

#15 of 29 Re: Lease Information [anijhaw] by Car_man HOST

Jan 21, 2007 (8:12 am)

Replying to: anijhaw (Dec 18, 2006 7:26 pm)
Hi anijhaw. This car's residual values vary by trim level and by mileage allowance. For now I will assume that you are interested in the 2007 RX-8 Touring with 15,000 miles per year. Let me know if you want something different. Mazda Credit's current buy rate lease money factor and residual value for a 48 month lease of a 2007 Mazda RX-8 Touring with 15,000 miles per year are .00244 and 43%, respectively.
 
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#16 of 29 07 March Lease Rates? by p996

Mar 21, 2007 (9:11 pm)

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.

#17 of 29 Current Lease Promotion by janmic

Apr 14, 2007 (8:25 pm)

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!

#18 of 29 Re: 07 March Lease Rates? [p996] by Car_man HOST

Apr 19, 2007 (3:42 am)

Replying to: p996 (Mar 21, 2007 9:11 pm)
Here you go, p996. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda RX-8 with 10,500 miles per year are .00129 and 60%, respectively.
 
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