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2014 Mazda CX-5 Lease Questions

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  • armaniusarmanius Posts: 4
    Hello CarMan-

    Can you please provide the residual and money factor for a 2014 CX5 FWD GT with tech package for 36 months at both 12K/year and 15K/year?

    I'm located in the Houston, Texas area.

    Thank you very much.

    -Armanius
  • Hi CarMan -
    you helped me out when i leased my VW passat. now looking to lease the cx-5 for the wife in chicago, il. how does this look (based on their response to our questions)?

    Here are the numbers for the 2014 CX-5 at 10,000 miles per year lease.

    Touring FWD : $415.28 for 36 months

    1) What is the capitalized cost? - $27,536.14
    2) What is the money factor? - .00043
    3) What is the residual value? - $14,341.60

    Touring FWD w/ Technology Pkg : $452.82 for 36 months

    1) What is the capitalized cost? - $30,079.48
    2) What is the money factor? - .0043
    3) What is the residual value? - $15,694.00

    Grand Touring FWD : $458.05 for 36 months

    1) What is the capitalized cost? - $30,768.84
    2) What is the money factor? - .00043
    3) What is the residual value? - $16,229.90

    4) What is the down payment? - 1st month and Plates
    5) What is the mileage cap and the cost-per-mile penalty for exceeding this limit? - 10,000 @ .18 cents per mile
    6) What is duration of warranty and what does it cover? - 3 yr / 36 months
    7) What are the charges for wear and tear? - Normal wear and tear

    Manny
  • tk41tk41 Posts: 1
    edited July 2013
    For a 2014 Mazda CX-5 Grand Touring AWD GT Tech Package Red Paint 3-year, 12,000/year lease, a NJ dealership offered me:

    ------------------------
    MSRP: $31,645

    36 months
    12k miles a year

    $410 - 1st month up front
    $410 a month after that

    (Pricing includes ALL taxes and fees, No loyalty rebates)
    -----------------------

    I asked what adjusted cap cost this is based off of and they said "I included the MSRP just for comparison's sake. We're selling the car to bank for $29,800. "

    Is this a good deal?
  • pupper4pupper4 Posts: 6
    Carman:

    Looking for money factor and residual on a 2-wheel drive Touring in Illinois for 15K/year, 36 months.

    Thanks
  • armaniusarmanius Posts: 4
    Sounds really good to me if no money down other than the first month. I'm in Texas, so the lease factor and residual may differ. So far, on a GT FWD with tech, best number offered to me without negotiation is $475 per month for 36 months/36,000 miles.
  • ggiamattaggiamatta Posts: 1
    This would be my first lease. Not even sure about how to bring it up with the dealership.

    Folks have told me to negotiate sales price first. Then work on residual, money factor, mileage, etc.

    Honestly, I just want to be able to plan my payments.

    I hate dealing with dealers, it has been a complete headache the last two times I've gone that both times I decided to forego purchasing the vehicle. Now we need one, so here goes...

    Thanks for any advice!
  • edmundsnalledmundsnall Posts: 1
    edited August 2013
    2014 CX-5 GT AWD, no tech package
    Options: wheel locks, roof rails
    MSRP: $29,970
    Invoice: $29,078
    Sales price: $28,950
    Sales price + $595 Acquisition: $29,545
    Money factor: .00024
    Residual rate: 56.00%
    lease terms: 36 months, 12K miles per year
    Residual value: $16,783
    Lease payment: $366
    Total payment with taxes (9.00%): $399
    Due at signing: $218 for tags, Mazda rebate on 1st months payment

    Call around and you can get a deal close or under invoice. The key is get the first few dealers to reveal the money factor and residual in their deal offers. Then use those rates to negotiate the sales price as close to invoice as possible. First three dealers all quoted me lease numbers where the sales price was $600 over invoice. Last guy was spot on with the numbers above and I picked up the car the next day.

    Black exterior with roof rails and sand leather interior is super sharp looking. We love our Mazda and so far worth every penny. We'll see if that holds a year from now.

    I hope this info helps.
  • Hello CarMan,
    At your convenience please advise the money factor and residual for a Mazda 2014 CX-5 AWD GT without technology package for 36 months at 15,000 miles/year in the Minneapolis/St Paul, MN, area.
    Thank you,
    Mike
  • pupper4pupper4 Posts: 6
    Looking for August money factor and residual on CX-5 base fwd Touring model for 36 months at 15k/year? Did not get reply in July.

    Thanks
  • alexu01905alexu01905 Posts: 1
    edited August 2013
    Hi,

    Do you possibly know the residual value and the money factor for a 2014 fwd CX-5 Touring in the Boston area for the month of August? 10K miles and 42 month lease. also what is the invoice price for this car?

    Thank you.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,919
    For the state of MA,

    .00046 and 52%

    Moderator - Prices Paid, Lease Questions, SUVs

  • Hi CarMan.

    Would it be possible for you to provide the money factor and residual on a 2014 CX-5 Grand Touring (AWD), in Washington state? The model I'm specifically looking at has $405 worth of options added, in addition to the Tech package.

    I've been quoted the following:

    - MSRP of $31,895
    - Cap Cost at invoice - $30,798
    - Term - 36 months with 12K miles a year
    - Down payment - $3,000
    - Residual - $17,861.20
    - Payment - $357.08 plus tax ($392.07 total)

    Do your figures line up with this? Is this a bad deal?

    Thanks so much in advance!
    Matt
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,919
    To hit that number, your net CAP cost would have to be about $29,800..

    So... if you are putting $3000 down, where did the other $2000 go?

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • Hi kyfdx,

    I'm not sure I follow. Could you clarify what you mean by the other $2,000, and where you're getting the $29,800 from?

    Thanks for your help!
    Matt
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,919
    I ran your numbers in a spreadsheet... To achieve the payment that you were quoted, the CAP cost would have to be $29,800..

    You said your CAP cost was $30,800, and you put $3000 down.... I assume $1000 of that went to lower the CAP cost... That still leaves $2000.

    So, unless you are making up for negative equity on a trade-in, or there is something else we don't know, then the deal doesn't add up.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • Ahh, i see what's happened.

    OK, the MSRP original cost was $31,895, but through our employer relationship with the local dealership, we are given invoice pricing (i believe depending on the model etc). This automatically gets it down to the $30,798 as the starting point.

    It's on this figure, that we apply the $3,000 down.

    Does that clarify the situation? Apologies - a lot of this is new to me!

    Thanks so much for your help!
    Matt
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,919
    edited August 2013
    To come up with your payment, the net CAP cost would have to be about $29,800..

    Since the selling price is $30,800, and you put $3000 upfront, then about $1000 of your upfront money went to reduce the CAP cost... Where does the other $2000 go? (1st payment? Acquisition fee? Title/license fees? Document fee?)

    Some of those charges can be legitimate, but others can be predatory... Beware the $699 dealer fee or document fee... that's just added profit...
    I'd want to see a breakdown of how the $3000 was allocated.

    regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • Hi CarMan.

    Can you provided the money factor and residual for Alabama for a 36-month, 15,000 mile per year lease on a 2014 CX-5 Grand Touring (FWD) with the Tech Package?
  • .00052 and 54%

    Moderator - Prices Paid, Lease Questions, SUVs

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