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Mazda3 Lease Questions

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  • You're very welcome, jicbulk.

    Car_man
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  • Thought I'd pass on my experience with the end of my lease.

    I went back to the originating dealer with my '07ST with 2 months to go. I was at ~24.5k miles (out of 27k). I figured that they would be drooling over the chance to get my mint car (well cared for - spotless inside and out, oil changed and tires rotated every 5k miles) on the lot. Optimistically I figured they might even give me some extra $ towards a new lease/finance of an '09 or '10 Mazda.

    Wrong. Right now the dealers are getting killed by Mazda American Credit and can't get a better deal than the Residual in the contract. MAC would rather take the cars to auction to get more $. Tulley Mazda in Nashua is a great dealer, and gave me owner loyalty ca$h (passed on by Mazda) and invoice pricing on a new car...but that was it. Nothing more. The deal on the table was $335/mo for a '09SGT with AutoDim Mirror and Moonroof/Stereo. The price for the car ~$22k.

    I did call a different Mazda dealer and they didn't even want me to bring the car to them! "Just bring it back to the original dealer."

    For that money, I shopped around and stumbled into a deal for a '07 BMW 328i with 16k miles....I loved my 3ST, but the 328 is a different planet!

    I dropped off the 3ST yesterday and I will miss it. The Biz Mgr there said that Mazda should come pick it up in a couple of weeks. Fare thee well...
  • Rarely does a dealer buy an off lease car. The normal process is for them to go to auction. Dealers get enough trade-ins from purchases, they don't need the off lease stuff.
  • Car_man,

    I was thinking of leasing a Mazda HB, but it seems that leasing this particular car is not a good deal. Is this still the case today?
  • Hi teeitup66. The Mazda3's current lease program isn't the best that I have ever seen, but it's actually not that bad...particularly given how many manufacturers have pulled back significantly on their lease support in recent months.

    Car_man
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  • Hello all, I have a Mazda 3 i sport leased for 2 years and so far I've made 7 payments already. Is it possible to trade this in for another new Mazda maybe the 2010 model but instead of leasing another one I will finance it? Is this feasible? Thanks much.
  • bvdj84bvdj84 Posts: 1,704
    You can do this, but the issue with that is..... Your pay off versus your trade in value, if they can be equal or your trade value is more than your pay off than you are in good shape. Since you have only made 7 payments, I am not sure you will be able to do it. I am in the same boat. I am 12mths into the lease, I really would like to get out, but I will wait. I will try to see exactly where I stand in a couple months though, just for kicks.

    Get your pay off, than get a trade in value, but expect a lower real world trade value now days.

    Good Luck!
  • When you say that mazda is not offering any lease support on the MS3, does that mean you can't lease one (never leased before so I dont really know how they work) or are you saying that there aren't any good deals on them? Sorry if thats a stupid question but I wasn't sure if the MS3 is exempt from leasing or something since it is never included in any "incentive" based deals.

    P.S.- Sorry I'm basing this off a 3 month old post.
  • hi cheese,
    I've been after an MS3 lease for a little while now and what I've found is that the local mazda dealers in the raleigh/durham area won't apply any incentives on MS3's... most of the mazda3 incentives are unfortunately for the non speed models. You can of course negotiate the buying price down and base a lease off that, but I don't believe the money factor used will result in a great lease deal. You'd have to confirm with carman what the current MF and residual values are on the MS3 to know for sure. I'm not sure if MS3s are just selling well or what, but the dealers here didn't seem to be willing to bargain quite as hard on them as with their other models or other car companies. VW has good incentives/leases on the GTI, and Subaru is not selling well locally here, so they're offering better lease deals on the WRX. Both of those might be good competitors to check out, you may end up with a better lease deal on them.
  • Thanks for the input bomb. Yeah I've seemed to notice the same thing here in PA with the MS3. I will definately look into the other cars you suggested and see what their offers are, thanks again.
  • I just saw that Mazda has offered $1000 in rebate cash on 09 mazdaspeed3's for the month of April. In the fine print it says there are no restrictions on the offer. Can this money be used in a lease? I've been shut down from using rebates in lease negotiations in the past, but if this works, it could lead to a good deal. thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi z2adambomb. Unfortunately, Mazda is not currently providing any cash incentives on leases of the 2009 MazdaSpeed3 in April.

    Car_man
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  • jonfra7jonfra7 Posts: 1
    Hi Car_man,

    Can you please tell me the residual and money factor for a 3 year lease with 10K miles/year for a 2010 Mazda 3, 5 door touring package?
    Are there any incentives/rebates for 2010 Mazda 3, 5 door leases?

    Thanks,
  • ls1momls1mom Posts: 1
    Mazda is running a lease deal for April 09, for $229/month for 36 months, per their main website. The "AT" means automatic transmission, correct? That's what I take it to mean, but we walked into a dealership tonight and they tried to tell us that lease price was on the manual transmission only. I think they are trying to jerk us around. Your thoughts? :confuse:
  • megcm1megcm1 Posts: 2
    Hello,

    Can you please provide the current MF and residual for a 3 yr/36 mile lease on a Mazda 3 isport and itourang?

    Also as a general question - Is the residual value of a car based on the purchase price or the MSRP? Thanks!
  • kingpcgeekkingpcgeek Posts: 985
    Residual is always based on the MSRP
  • gluzgluz Posts: 10
    Car man, would it be possible to get the 10K and 12K miles numbers for 36 month lease on 2009 Mazdaspeed Grand Touring?

    Thank you.
  • megcm1megcm1 Posts: 2
    Just wanted to add on with the lease rate I negotiated. I am leasing a 2009 mazda 3 itourang, with auto trans and moonroof/6 disk cd. With 1,500 down I will be paying 225 a month. This is including tax/title/reg. This seems like a pretty good deal me to. It's about 500 below dealer invoice.With the release of the 2010 mazda3, many dealers are anxious to get rid of 2009 models.

    Regards,
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go, jonfra7. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda3i Touring with 10,000 miles per year are .00262 and a really solid 65%, respectively.

    I don't believe that Mazda is currently providing any cash incentives on the '10 Mazda3 (it feels weird writing '10 doesn't it :surprise: )

    Car_man
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This discussion has been closed.