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Mazda CX-5 Lease Questions

97 messages,  Last post on May 14, 2013 at 11:11 AM

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What is this discussion about? Mazda CX-5, Car Buying, Car Leasing, SUV

    

Messages Page 4 of 11

#25 of 97 Re: Cap Cost / Residual / Money Factor ??? [captainrod] by supertoyz

Jun 03, 2012 (6:14 am)

Replying to: captainrod (Jun 02, 2012 7:48 am)
I guess you are technically correct....but what's the point? The bottom line is at the end of the lease you have the option to buy the car for a predetermined amount which is likely less than it's ACV. If you choose to purchase the car you then would have obtained it's equity. When you look at your option to buy price and the ACV of the car, why would anybody leave that kind of cash on the table? Again technically you are right that it's not equity until you own it however in my opinion it's irrelevent since it's mine to collect if I choose.
 
PS - It's a busy spring for me with 3 leases ending within 60 days of each other. Doing well so far with this batch of leases. Sold my wifes XC70 to the dealer for almost $4K over the buyout. Bought our CX-9 for $6K under NADA avg trade value (I guess now that one can be can be considered equity). And put our 2009 Subarua Outback out front yesterday and within 6 hours had an offer for $22k. It's only loan value but still not bad considering the buyout is $15,200 and negotiated purchase price was only $25,200. I think that one will have the best return ever.

#26 of 97 Re: Cap Cost / Residual / Money Factor ??? [supertoyz] by aviboy97

Jun 04, 2012 (1:36 pm)

Replying to: supertoyz (Jun 03, 2012 6:14 am)
And put our 2009 Subaru Outback out front yesterday and within 6 hours had an offer for $22k. It's only loan value but still not bad considering the buyout is $15,200 and negotiated purchase price was only $25,200. I think that one will have the best return ever.

 
And people call car dealers thieves. lol

#27 of 97 July CX-5 MF and Residual by sentient

Jul 12, 2012 (2:47 pm)

Hi Car_man,
 
I cross posted by mistake in the prices paid and buying experience. Didn't see this one for some reason.
 
I'm looking at a CX-5 GT FWD w/Tech.
I'm curious what the residual and MF would be if I got a 36mo/15K lease or a 42mo/15K lease.
I'm in the Houston area.
 
Also, can you confirm for me that the Acquisition fee is $595 for Chase still? A finance manager fed me a line the other night about how "if you don't put money down, the fee is $745."
 
Thank you so much for your help. So far I've been rather disappointed by the quotes I've gotten from various dealers.

#28 of 97 Re: July CX-5 MF and Residual [sentient] by Car_man HOST

Jul 17, 2012 (3:56 pm)

Replying to: sentient (Jul 12, 2012 2:47 pm)
You're in the right place, sentient. Chase's July buy rate lease money factor and residual value for a 36-month lease of a 2013 CX-5 GT FWD with 15,000 miles per year are .00129 and 53%, respectively.
 
The numbers for an otherwise identical 39-month lease are .00134 and 51%.
 
Chase's base acquisition fee is indeed still $595. I don't believe that the fee increases for consumers who don't make a down payment.
 
Good luck in your quest for a new ride and make sure to stop back and let us all know how everything turns out.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#29 of 97 Re: July CX-5 MF and Residual [Car_man] by sdrider

Aug 20, 2012 (1:35 pm)

Replying to: Car_man (Jul 17, 2012 3:56 pm)
Curious if you knew the August lease factor on a 2013 CX-5 FWD with 12K miles per year? Thanks!

#30 of 97 Re: July CX-5 MF and Residual [sdrider] by Car_man HOST

Sep 03, 2012 (11:15 am)

Replying to: sdrider (Aug 20, 2012 1:35 pm)
I certainly do sdrider. Mazda's August buy rate lease money factor and residual value for a 36-month lease of a 2013 CX-5 Sport FWD with 12,000 miles per year are .00129 and 58%, respectively for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#31 of 97 September MF residual by alexfrnch

Sep 03, 2012 (9:19 pm)

Dear Car_Man,
 
Could you please let us know 2013 CX-5 AWD Grand Touring MF and Residual with 12K miles per year and 15K miles per year.
Thank you in advance.

#32 of 97 Re: September MF residual [alexfrnch] by Car_man HOST

Sep 16, 2012 (7:08 am)

Replying to: alexfrnch (Sep 03, 2012 9:19 pm)
I'd be happy to help you out alexfrnch. Chase's September buy rate lease money factor and residual value for a 36-month lease of a 2013 CX-5 Grand Touring AWD with 15,000 miles per year are .00074 and 51%, respectively for consumers who qualify for its top credit tier.
 
The residual value for a lease with only 12,000 miles per year would be 1% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#33 of 97 October residual by merkmal

Oct 03, 2012 (3:21 pm)

Could I get the going lease rates for 2013 CX-5 Grand Touring FWD fully loaded with the tech package? [EDIT] I forgot to mention I only need between 7500 to 10,000 miles a year. I currently only have 5200 miles on my car with less than 2 weeks away from owning it one full year. [/EDIT] [EDIT 2] I also forgot to mention 36 months [/EDIT 2]
 
Looking to free up some equity in my current vehicle to put toward adoption while also getting something more family friendly. This will be my first lease and I want to make sure I get the best deal. I should have around $15k in equity on my current car and part of that I will put down toward dropping lease payments below my current 3 year loan ($262 a month) and the rest will be going toward my upfront adoption costs.
 
Thanks in advance!

#34 of 97 Re: October residual [merkmal] by Car_man HOST

Oct 14, 2012 (7:14 am)

Replying to: merkmal (Oct 03, 2012 3:21 pm)
Wow that's a very nice story, merkmal. Here's the information that you're looking for.
 
Chase's October buy rate lease lease money factor and residual value for a 36-month lease of a 2012 CX-5 Grand Touring FWD with 10,000 miles per year are .00074 and 53%, respectively for consumers who qualify for its top credit tier.
 
Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
You actually shouldn't put any money down on your new lease. Save it all for the adoption process. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they laid out if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be slightly higher, it's much safer to go with a zero down lease.
 
Good luck with your quest for a new ride and the adoption process. Make sure to stop back and let us know how everything turns out with both.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 4 of 11

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