Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
SUVs Mazda Tribute Mazda Tribute Lease Questions
16 messages, Last post on Apr 11, 2007 at 5:05 AM
You are in the Mazda Tribute Forum. Your Hosts are steve_ & tidester
|
Replying to: audia8q (Apr 09, 2007 10:17 am) He told me that there are fees and charges and first month payment of $ 480.00 so he arrived at $ 5,375.00 down payment . He played the upside down game .He set a lease figure and worked from there.Looks like he twisted his calculations to look legit at the end . Its complicated and I will underfstand it after I will talk with a legal expert.
|
|
|
Replying to: vianos (Apr 09, 2007 10:36 am) Its complicated and I will underfstand it after I will talk with a legal expert. There isnt anything complicated about it, but your turning a simple lease into rocket science...call judge judy. |
|
|
Gross Capitalized Cost: The agreed upon value of the lease vehicle (including dealer mark-up), plus any items you pay for over the lease term such as taxes, service contracts, insurance, and any prior credit or lease balance. Capitalized Cost. The gross Capitalized Cost is equivalent to a vehicle's negotiated purchase price. This is the total dollar amount your lease is based on. It includes the cost of the vehicle, sales tax, acquisition fees, and any extended warranties and insurance you decide to include in your lease. This is the amount the finance company or bank actually pays for the lease. Look carefully at a vehicle's capitalized cost. If it is higher than the price you would have paid had you purchased the vehicle, insist on the lower price. This will reduce your monthly payments. D. Sometimes after you have negotiated on the price for buying a vehicle (and arrived at a good deal), the dealer might suggest that you consider leasing the vehicle instead. If you do lease the vehicle, make sure the gross Capitalized Cost is based on the price you negotiated to buy the vehicle and not on the MSRP or an even higher figure. Attorney General Investigators in Florida have discovered instances where dealers have sold vehicles for anywhere from 110% too as high as 150% over the MSRP. In some cases, these deals have meant sales persons can earn commissions as much as three times higher if they steer a customer into a lease. Generally, a lease advertisement does not include the cost of sales tax in the monthly payment. E. Two other deceptive sale tactics came to light during the Florida Attorney General's investigation. One is the use of "The Flip." Under this practice, a consumer comes in prepared to buy a vehicle and invests hours negotiating a purchase price, even to the point of signing the sales contract. Then, at the last minute, the dealer comes up with a special financing offer, which can lower the customer's payments. What the dealer fails to explain is that the special offer is actually a lease. It is an offer many consumers are unable to refuse. The vehicle buyer has just been "flipped" into a lease. It is only after the individual gets home and carefully reviews all the documents does the customer discover what happened. The second practice uncovered involves what the customer has to offer to decrease the sticker price. Traditionally, this might include a trade-in, cash, and rebate offer or coupon. On purchase agreements, such credits are clearly visible. But the Florida Attorney General's investigation revealed that when it comes to lease agreements, a customer's trade-in or credits sometimes disappear down a black hole. All too often, the customer discovers that the trade-in or other credit is not fully applied or not applied at all. Instead, they have become what the industry calls an "extra pocket of profit" for the dealers.
|
|
|
Replying to: tveilleux (Apr 09, 2007 4:58 am) Message #1121 Mazda Tribute 2008 lease You can email in private at vianos12  verizon.net
|
|
|
Replying to: vianos (Apr 09, 2007 5:48 am) You need to get the specifics from the dealer concerning the items included in the Capitalized Costs since you will not get the details from this forum. They may be legit in the leasing world but you have to decide whether you want to pay them or not. If not, then do not lease, purchase instead. Years ago when purchasing a new Mercury Villager I asked the dealer about leasing it and he suggested that I was better off buying if I wanted to keep the car for more than a 4 year term. It was related to the residual value at the end of the lease period. When leasing, there is an agreed to end-of-term value that you can expect to get, so long as there is no unreasonable damage or higher than expected mileage. However, if you buy a car and then resell it/trade it in a few years there is no guarantee what the value will be. The dealer is accepting a certain amount of risk (or so they say) and thus you pay for that. For older cars the depreciation rate is not as steep as when newer, thus there is less variation in resale value. Low risk for both the dealer and you, so no real need to lease.
|
|
|
Replying to: tveilleux (Apr 10, 2007 4:53 am) I was in Miami in vacation and it looks like he taught that he can screw me up because I am tourist who will go home in NJ and can,t do anything . He taught it was a clever move for him,but I have the time and money to expose them as crooks. They are doing this probably to a lot of customers. A lot of customers have their feelings that some car dealers or salesman for the dealer are not honest with them . I wish that those people express their experience on forums like this,or leave their feed back on the dealers website. Some of the dealers work the old ways knowing that the customers will be reluctant to admit in public that they were screwed. Its like you like to brag when you win but keep quiet when you loose.
|
|
|
Replying to: vianos (Apr 10, 2007 5:59 am) You must mean the monthly payment came lower. There is no way that it is a better deal overall since you do not own the car at the end of the payment term of 4 years. You still have the residual value of the car at the end of the term. If you want to buy the car at that time then you need to pay the residual with a loan. The lease, as you have indicated in your list of costs, takes into account the residual value at terms end. Thus your payments are based on paying the for the car's depreciation and the cost of the money, but not for the car itself since you still owe the residual. Is this the first time you have tried to lease a car? Since you seem a bit paranoid about the whole situation (the dealer is out to get me, I'll get a lawyer, etc.), you should drop the whole idea of leasing altogether. If the way that leasing works is not clear to you, or you are not comfortable with the items you are charged for, then you should not get involved in it.
|
|
|
Replying to: tveilleux (Apr 11, 2007 4:46 am) I did lease cars before from Mazda dealers and Mercury dealers,and those people were honest. I did trust this guy but it looks that this dealer is doing this all day long. They manipulate the figures of the lease to look legit and clean. Its just extra money they get out the hidden way from the customers. My point is to prove that if you sign a document is not the end of it if you have legitimate complains. The car is ok ,but the dealing is not. I was in vacation and have no way to verify my lease untill I got home. My point is that people should take action when they feel manipulated,and expose the crooks. Internet is a powerfull tool. Make sure you are right and go to attack. |
|
You are here:
Forums
SUVs Mazda Tribute Mazda Tribute Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Mazda Tribute
Browse by Board
Browse by Topic
