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Mazda3 Lease Questions

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Comments

  • telmaxtelmax Posts: 5
    what were the terms of your deal?
  • kingpcgeekkingpcgeek Posts: 985
    The answer is a couple of post above you....

    2010 Mazda3s sport with an automatic transmission 15,000 miles per year are .00169 and 62%

    2010 Mazda3 s GT with an automatic transmission and 12,000 miles per year are .00169 and 60%

    Sport has a residual of 62% for 15k. GT has residual of 60% with only 12k. The residuals vary by trim level and they have a super high residual in place for the sport so they can advertise a super lease deal.
  • telmaxtelmax Posts: 5
    the advertised deals, summer drive off are for 42 months. they are different than what you are referring too .. thus the questions we have been asking
  • kingpcgeekkingpcgeek Posts: 985
    So what if the term is 42 months, the logic is the same. Residuals are different based on trim level, all car manufacturers that I know of follow this policy. The cheapest, lowest featured, sometimes not even readily available (Infiniti G37 non-Journey for example) will usually have the highest residual. As you thrown on the features the residuals drop. Sometime the manufacturer will raise the residual for a certain trim level due to stock most likely.

    But as already posted the residuals are lower for a GT versus a Sport for 36 months, so they are not going to magically equalize if the term is 42 months.

    As already stated leasing a car with a 36/36 warranty for 42 months is not a good idea. Don't out-lease a warranty.
  • telmaxtelmax Posts: 5
    yes the logic is the same however the deal is not

    mazda has a summer drive off lease program right now, 42 months and they make 1st payment. Is mazda providing support to get these attractive rates? what are the money factor and residual on this program?

    no one has answered the question?
  • kingpcgeekkingpcgeek Posts: 985
    Of course Mazda is providing support. You don't think a 62% residual for 36/15 is lease support? Those are unheard or residuals for even a low depreciation manufacturer like Honda. Take a look at Mazda6 residuals. Last month I got a quote on a s GT and the residual was a lousy 46% for 36/12.

    Logic is logic. The residual on the 42 month sport is going to be higher then any other trim level.

    FYI if you were to lease a sport at invoice for 36/12 the payment would be about $210 before tax as long as you paid first months payment, tags and doc fee at drive off. Remember advertised specials do not include doc fee and tags so you have to pay that upfront or roll it into the lease. The special $229 payment also does not include sales tax. You are much better off leasing for 36 months then 42.
  • telmaxtelmax Posts: 5
    has anyone done the lease deal recently, i am getting sale price's approximately 1000 below msrp. but then they all seem to add in fee's which make the net cap cost slightly above msrp. any advice experience would be appreciated.
  • mq921mq921 Posts: 1
    I just leased the Mazda 3 2010 i-Touring for 240 a month with no money down (just paying for plates) @ 10000 miles a year for 36 months. This is my first car and I wanted to know, for piece of mind, if I negotiated a good deal or not. The MSRP was 19070 and I think the residual was around 11000 and cap cost around 18000. Any information from someone experienced would be appreciated, thank you.
  • Do we have to replace a tire on the car with the exact same brand when returning the leased car?
  • All four tires have to match...

    Moderator - Prices Paid, Lease Questions, SUVs

  • Just leased the above for a cap cost of $17,729 ($500 under invoice) plus $595 acquisiton fee. $238 drive off for title, tags and doc fee, monthly payment is $237 including 9.8% sales tax, 10k miles/year. Base s Sport, no options. This was in Olympia, WA.
  • Hey kyfdx,

    Can you provide me with some residual and money factor numbers for September?

    I'm looking at a Mazda3 5door Grand touring with 10K or 12K for 36 or 42 months and I'm wondering if the residuals and money factor are the same for what they are currently offering the sign and drive event they have for the Mazda3 5door sport? the current advertised lease special is for a Sport with Automatic with an MSRP of 21,090. $ 279, no out of pockets and no first month payment. the only amount due is tax, title and extras. Just wondering if I went up to a Grand Touring if I could expect the same money factor and residuals. I could live with the same 10K for 42 months. The increase in MSRP is only to 23,550.

    thanks for your help.
  • Now, Im not the leasing expert here(I did get the correct residuals/money factor in htis forum when i leased my Itouring last month) Unless mazda has changed it, the residual on the itouring was 58%, with a money factor of .00160. I think the way it works is the residual drops 2% for every "trim level" i.e... GT would be 56%. Thses numbers are handy when "going into" the dealership for the dreaded negotiation. I put the numbers into a leasing program at leaseguide.com . My advantage was that it listed the monthly payment, and then added the tax for each month, for the total payment of the lease. Im very satisfied with the lease I received. An Itouring with the Homelink Package(garage door opener, compass, e.t.c..) for $275 month 12000 miles, 42 mo. This included the sales tax(FL 6.5) and their $599 "administrative fee"(profit for the dealership) Keep in mind the acqusition fee and first months payment is PAID for by MAZDA!! That should appear in your leasing contract, not added to the "bottom line".
  • Hey minn55441. I'm not kyfdx, but I can help you out. I believe that Mazda's August lease program is scheduled to run through the end of today, September 8th. Its new September program should be out some time tomorrow. Please feel free to check back with me in a day or two and I'll gladly give you an update on what the new program is like.

    For now I can tell you that Mazda's August buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda3 5 Door Grand Touring with 12,000 miles per year are .00169 and 60%, respectively. The numbers for an otherwise identical 39 month lease are .00165 and 57%. If you were to lease this car with only 10,000 miles per year, its residual value would be 1% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I just dont see the logic in a 3% difference between an 36 and 39 month lease. Those residuals were not what I encountered while leasing my itouring. I was privy to the dealerships internal leasing workbook, and verified the residuals. perhaps different states have different residuals? Im wondering where the host is getting his info; it doesnt match mine. thanks
  • qbrozenqbrozen Posts: 16,895
    but, in your post above carman's, were you talking about the 4-door or 5-door? Since you didn't indicate, I assume 4-door. Carman's numbers apply to the 5-door. So that may be the difference as I believe the 5-door carries slightly higher residuals.

    You also didn't state how many miles your numbers apply to.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • I apologize, I clearly did not read the entire post on the 5door. My particular lease was for a 4 door Itouring, 42 mo. at 12K per year.
  • qbrozenqbrozen Posts: 16,895
    no problem. we are all guilty of reading too fast at times. :)

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

  • Hey Car_man. Do you already have the September lease program? I'm looking for a 36 mo. / 12K or 10K miles / lease on a 2010 Mazada3 i-Touring in NJ.

    Thx,
    idgnj
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