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Mazda3 Lease Questions

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  • Hi supraner1. The money factor is important to know because it is used to calculate the interest portion of lease payments. Dealers are sometimes allowed to mark vehicles' money factors up to add additional, hidden back-end profit to deals. That's why one should always check to make sure that the dealer is using the correct money factor to calculate their lease payment. Not to mention the fact that it enables consumers to calculate payments on their own if they want to.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • randy50randy50 Posts: 10
    edited January 2013
    Car_man,
    I am shopping for 2013/2012- Mazda3 Hatchback Grand Touring,can you please provide money factor for a 15k/yr 36 for Jan2013.
  • Could you provide the money factor and residual for the 2013 mazda3 i touring? If my math is right from the mazda web site, it appears to be 66%, which is quite high, but do not have the money factor to prepare an offer. thanks
  • Certainly randy50. Chase's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 i Hatchback Grand Touring with 15,000 miles per year are .00135 and 58% for consumers who qualify for its top credit tier.

    There is a $500 dealer cash incentive on leases of this car right now. Make sure to take it into account during your negotiations.

    Mazda is not providing lease support on the Mazda3 any longer.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi davidmbruce. Chase's January buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 i Sedan Touring with an automatic transmission and 15,000 miles per year are .00011 and 57% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey!

    Could you provide me with the residual value and money factor for a 36-month lease of the 2013 mazda 3 i grand touring hatchback with a manual transmission and 12,000 miles per year? As well as for the mazda 3 is grand touring sedan?

    Thanks a bunch!
  • Hi Car_man,

    Could you please provide me with the money factor and residual value for an automatic 2013 Mazda 3 iTouring (zip code 92807). Also if possible (not to change the topic) the same information for a Kia Rio EX 2013 as well?

    Thank you very much!
  • carvasdcarvasd Posts: 3
    Hey Carman!

    I'm also looking for the residual value and money factor for a 36-month lease of the 2013 mazda 3 i Sport Sedan with automatic transmission and 10,000 miles per year? ... I got a quote today and it looked "interesting", but I just want to be sure.

    Thanks a lot!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Sure berliner5000. Chase's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 i Grand Touring Hatchback with a manual transmission and 12,000 miles per year are .00012 and 61% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 Grand Touring Sedan manual are .00007 and 60%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi frozzenarm. Chase's March buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 i Touring with an automatic transmission and 15,000 miles per year are .00007 and 58% for consumers who qualify for its top credit tier.

    Please post any questions that you have about leasing a Kia Rio in the following discussion:

    http://townhall-talk.edmunds.com/WebX/.f0dde75/7

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • will_ksuwill_ksu Posts: 8
    edited April 2013
    Hi Car_man,

    Would you please post the lease rates (residual and money factor) for a 12,000 mile/year lease for 36 months beginning in April for zip 66502 (Kansas) for both a
    2013 Mazda3 i Touring Hatchback automatic
    2013 Mazda3 i Grand Touring Hatchback automatic
    as well as any incentives the dealer may get. For all I know, they're exactly the same, but I just wanted to be sure.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings will_ksu. I'd be happy to help you out. Chase's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 i Touring Hatchback automatic with 12,000 miles per year are .00012 and 59% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2013 Mazda3 i Grand Touring automatic would be the same, other than the fact that the residual value would be 1% higher.

    There's a small cash incentive on the Mazda3 Sedan, but nothing on the Hatchback model.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • samalisamali Posts: 12
    edited April 2013
    Hello,

    Appreciate these forums-
    I was quoted on the i-Touring Black Mica Hatchback Mazda m3 15k miles for 36months. Quoted 19800 + fees. And 175+tax=$191 month for 36 months w/ 1500 downpayment and used trade values bout 500 $. Is this worth considering? Any other information I should attain?
  • chadecoenchadecoen Posts: 13
    Hello everyone, I am looking at leasing a 2013 mazda3 hatchback. Am on a lease calc site trying to figure out payments based on car price, money factor (.00012), and residual (59%). The lease deal they are advertising isn't on the hatchback so it is a moot point anyway but seems awfully affordable. Advertisement is on mazda site for the sedan is $2K dn and 149./mth. Seems reasonable. But I want the hatchback.

    Anyway, so if I work out a good sales price on the touring auto one then hit them with lease payments what should I be looking at? Maybe I can talk them out of one for $18,500 all in or out the door. Total cash walk out price I mean. If money factor is .00012 and residual is 59% I am figuring $217/mth. Did I do this correct? The advertised car is $149. might have to go with ad? What do the experts think?

    Thank you so much everyone.
  • michaellnomichaellno Posts: 4,300
    Not a lease expert but I believe the $149/mo special is for the i SV sedan, which doesn't have the SkyActiv engine.

    Would expect the lease rates on the hatchback to be higher.

    Good luck!
  • chadecoenchadecoen Posts: 13
    Ah ha, should have considered that. Skyactive is one of the main reasons I am looking at a gas vehicle instead of a little diesel. Really like the look of the hatch and skyactive MPG is a bonus! I think I am just going to go in to my local dealer guns blazing demanding a 170ish/mth lease on the hatch. Either they will figure out a way to get me there or I can go elsewhere. I only want to give them a grand up front though. They may want a little more than that to get me there. We will see.
  • mb116mb116 Posts: 1
    Hi CarMan'
    Looking for Money Factor and Residiual % for 2012 Mazda3 I-Touring Automatic and the rates for the 2012 I Grand Touring Automatic. While reading previous posts money factor seems to be .00012 Is that correct? Looking at sale prices of $17645 & $18476 respectively, these include the military & loyalty that I don't qualify for. How much can I expect to deal down after adding the $1000 back in. The cars dropped $500 since we were in on Saturday. Is there any more movement on price?

    Thanks!
  • michaellnomichaellno Posts: 4,300
    Ah ha, should have considered that. Skyactive is one of the main reasons I am looking at a gas vehicle instead of a little diesel. Really like the look of the hatch and skyactive MPG is a bonus! I think I am just going to go in to my local dealer guns blazing demanding a 170ish/mth lease on the hatch. Either they will figure out a way to get me there or I can go elsewhere. I only want to give them a grand up front though. They may want a little more than that to get me there. We will see.

    How did it go? Did you get the payment you wanted?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello mb116. Mazda isn't providing lease support on leftover 2012 Mazda3 Sedan models any longer. This is pretty typical this late in the model year.

    If you really want this car, you will have to either pay cash for it, taking advantage of the $2,250 cash incentive or finance it using the special financing program at 0% for 5 years / 1.9% for 6 years plus a $1,000 cash incentive.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • xian5681xian5681 Posts: 13
    Just got a quote from San Diego dealer.... Someone please tell me how I should proceed.

    36 months
    12000 miles
    301.22 pmt
    21809.00 price
    595 bank fee
    No deposit
    Cash 664.37
    Residual 13078.65

    2013 Mazda 3 I touring convenience pack
    Sunroof
    Bose
    Side light signal
  • xian5681xian5681 Posts: 13
    Thanks to this Forum I was able to get the following...

    36 months
    15k miles

    Price 19895
    Msr 21345
    Lease acquisition 595
    Doc fee 80
    License fee 230
    Electronic reg 29
    Tire fee 8.75
    Rebatev475
    Cod/cap red 1296.19
    Capital reduction 1771.19
    Money factor .00006
    Pmt 204.95
    Drive off 2471.99
    Rebate 495
    Payable del 1996.99
    Residual 56%
    11953.20

    Wat do you guys think. Thanks
  • khonkhon Posts: 1
    I am in the San Francisco Bay area looking to lease the mazda 3 grand touring hatchback) for 3 years. what is the residual value and lease factor I should look for? I was quoted a cash sale price of $22K after $1K rebate. I have not leased before, and would appreciate advise of how to go about it. Any issues with dealing with Mazda directly? Thanks very much.

    Khon
  • ranajoranajo Posts: 45
    Hi Carman,

    Is there any subsidized lease program being offered by Mazda for the Series 3, HB with a manual transmission?

    Thanks for any help you can extend on this.
  • roro4roro4 Posts: 5
    Hi,

    We just recieved our inspection for our lease return on a Mazda3. They noted down every little nick and scratch it comes out to almost $1000 in "repairs"! This seems absurd, but expected I suppose.

    Anyone familiar with lease returns? Is there anything i can do to avoid all these ridiculous charges?

    Any guidance is appreciated.

    thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi khon. 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 won't be able to deal with Mazda directly. Despite Tesla's efforts to change the system, right now consumers who want to buy or lease new vehicle have to do so through a franchised dealer.

    Chase's (this is the bank that Mazda runs its special lease program through) June buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 Grand Touring Hatchback with an automatic transmission and 15,000 miles per year are .00007 and 58% for consumers who qualify for its top credit tier.

    Unfortunately, the $1,000 consumer cash incentive that you mentioned is not compatible with this special lease program.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi ranajo. Chase's June buy rate lease money factor and residual value for a 36-month lease of a 2013 Mazda3 Hatchback Touring with a manual transmission and 15,000 miles per year are .00007 and 57% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi roro4. Do you still have your vehicle? You might be able to get the minor issues fixed cheaper on your own.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • ranajoranajo Posts: 45
    Carman,

    Thanks for the information.

    Could you also provide me with the residual and money factor based on a 36 month lease and 10K miles annually as well as 12K miles annually.

    The above is on a new 2012 Mazda Hatchback I touring with manual transmission.

    Also, I know there is a $1000 cash rebate on a purchase being offered by Mazda. Does this rebate - or any rebate - apply to a lease?

    Thanks for your help.
  • ranajoranajo Posts: 45
    edited June 2013
    Sorry, I meant a 2013 Mazda 5 door Hatchback I Touring .......... not 2012.

    Also, is the money factor that you quoted on the Hatchback or the Sedan. I have been told the MF on the Hatchback is quite a bit higher.
  • Today we went looking for a new lease for my wife. We were interested in three cars, the Prius, the Civic Hybrid and the Mazda 3i with Touring ( as a more affordable alternative) We visited two Mazda dealers and were surprised to find that the payment terms of the 3i were as about expensive as both the Prius and Civic Hybrid.

    For three cars, these are the quotes we received after some haggling:
    2013 Prius, 12k miles, $0 Down, $289/month
    2013 Civic Hybrid, 12k miles, $0 Down, $280/month
    2013 3i Touring, 12k miles, $0 Down, $281 and $275/month

    The invoice for the 3i Touring is $19,700, according to TrueCar. Civic is $23,400 and Prius is $23,960.

    We are novices when it comes to leasing, but shouldn't a car that invoices for thousands less lease for significantly less, too? Are Honda's and Toyota's terms generally more favorable than Mazda's? Is there something I am missing in the equation?

    Any help or guidance will be appreciated!
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