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Mazda3 Lease Questions

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  • Hi again mbartels11. Don't worry about the reminder. I called around and got the latest info for you. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda3 s Sedan with 12,000 miles per year are .00283 and 72%, respectively. The numbers for an otherwise identical 36 month lease are .00324 and 63%. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda3 s Hatchback with 12,000 miles per year are .00218 and 69%, respectively. The numbers for an otherwise identical 36 month lease are .00292 and 61%. Mazda is not currently providing any cash incentives on leases of this car.

    Car_man
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    Prices Paid Forum
  • Car_man,

    You are the best!! Your answer on #62 filled me in on the rest of my questions. We all appreciate your research.

    FeDriver
  • Carman..I am looking for 2007 S Grand Touring with Stick and Nav. Can you tell me the Residual and money factor for 15,000 miles 24 month lease. I plan on putting Zero down and am curious at to what a payment might be ball park.
    Thanks soo much.
    Damian
  • I am interested in making a 1 time payment for a 36 month lease. Dealer advises that Mazda may limit the amount I can put down and will not allow a 1 time payment. Mazda website lists a 1 time payment as an option. Do you have any insight?
  • Hi Car Man,
    Do you know if the numbers you gave in December for residual value and money factors are still valid, or if there are new ones for the new year?
    Cheers,
    !Mark
  • jicbulkjicbulk Posts: 20
    Hi Car Man,

    Thanks in advance for your efforts. Can you tell me the residual and money factors for the new year? I'm looking at 2007 Touring with Man'l Tranny in both sedan and hatch versions. Figure 12k miles and 24 and 36 month terms. Thanks!

    -Jicbulk
  • Thanks FeDriver :blush: . I'm glad that I was able to answer your questions for you. Let me know if you need anything else.

    Car_man
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    Prices Paid Forum
  • Hello Damian. Mazda is offering 27 month leases instead of 24 month leases in January. Mazda Credit's current buy rate lease money factor and residual value for a 27 month lease of a 2007 Mazda S GT Sedan with 15,000 miles per year are .00290 and 64%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Hi wompum. While I have never personally done one, I have heard that Mazda Credit does offer One Pay leases. Unfortunately, like most banks' advance pay leases, Mazda's one pay lease option is not interest free. It does provide a reduction in the money factor that is used to calculate the interest portion of the lease cost for consumers who pay for their entire lease in advance though. The last time that I looked into it, Mazda Credit's specific money factor reduction for advance pay leases was around .00041 for 27 month leases, .00083 for 39 month leases, and .00125 48 mo. money leases.

    Car_man
    Host
    Prices Paid Forum
  • Hi Mark. Mazda's January lease program is different than its December program was. You never mentioned exactly what model you want, how long you want to lease it for, or what mileage allowance you need so for now I am going to assume that you are interested in leasing a 2007 Mazda3 i Sedan through Mazda Credit for 39 months with 15,000 miles per year. Let me know if you want something different. The buy rate lease money factor and residual value for the aforementioned vehicle are .00296 and 58%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Here you go, jicbulk. Mazda Credit's current buy rate lease money factor and residual value for a 27 month (Mazda is running 27 month leases instead of 24 month ones this month) lease of a 2007 Mazda3 i Touring Sedan with 12,000 miles per year are .00290 and 70%, respectively. The numbers for an otherwise identical 39 month lease (Mazda is running 39 month leases instead of 36 month ones right now) are .00296 and 59%.

    Car_man
    Host
    Prices Paid Forum
  • jicbulkjicbulk Posts: 20
    Thanks Car_man,

    I meant to specify the "S" version of the car....how do the numbers change if I specify Mazda3 S Touring with Man'l Transmission in both Sedan and Hatch. Thanks!
    -Jicbulk
  • No problem, Jicbulk. Mazda Credit's current buy rate lease money factor and residual value for a 27 month lease of a 2007 Mazda3 s Touring Sedan with 12,000 miles per year are .00290 and 68%, respectively. The numbers for an otherwise identical 39 month lease are .00296 and 57%.

    Car_man
    Host
    Prices Paid Forum
  • jicbulkjicbulk Posts: 20
    Thanks Car_man.

    Any way to confirm the numbers? The Dealer (Tully Mazda in Nashua, NH) is quoting me a residual of 67% for the Touring S Sedan. Just want to know, since a % point or two could make a difference in my decision. Thanks.

    -Jicbulk
  • Hello, car_man,
    I read through this forum and I am just wondering. Do you think lease deal on this month is pretty good one? I am seriously lease the car from mazda for Mazda 3 sedan or hatchback. Can I deal on this special price against dealer?
    If so, how much do you think I can ask for? Please, answer with your best knowledge. Thank you. :surprise:
  • Hey Jicbulk. Mazda's February lease program for this car is different than its January program was. If you were to lease a 2007 Mazda3 S Sedan Touring through Mazda Credit right now for 27 months with 12,000 miles per year, its buy rate lease money factor and residual value would be .00270 and 66%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • Hi thecardriver. The answer to your question is not really. Of course a "good" deal is a relative thing. The Mazda3's lease program is much better than it used to me a number of months ago, but compared to a lot of other cars out there it isn't great. This car's money factor and residual value are set by Mazda Credit, but its selling price is negotiable. Negotiate the lowest selling price that you can on the Mazda3 that you want and then have the dealer that give it to you calculate your car's monthly payment using its buy rate lease money factor. You can get an idea of what sort off price you should be able to get this car for by visiting the following discussion: "Mazda3: Prices Paid & Buying Experience".

    Car_man
    Host
    Prices Paid Forum
  • Hello Car_man. After reading all of your helpful posts above, I was hoping you might be able to assist me. I'm thoroughly considering leasing a Mazda 3i Touring but need some help in determining my monthly payments. I realize there are numerous lease calculators and instructional articles available on this subject, but would still appreciate the help of someone with as much experience and savvy as you have.

    My first question is, how accurate is the lease calculator provided on the Mazda website? Based on the information I entered, my estimated monthly payments for a MAZDA3 i Touring 4-Door Automatic should be $115.00 including destination and package/option charges after factoring in my cash down payment. The options I selected are: All Weather Floor Mats ($60) and Door Edge Guards ($100). The MSRP is $17,810. I want to put the maximum cash down payment, which in this case is $4452. I've selected a 27 month lease with 12,000 miles per year.

    This is my first new car and I'm working with a fixed income. I need to ensure enough money is available for other expenditures too (not including car related expenses) so I think leasing to own, although more costly in the long haul, is the best option for me.

    So, do you think the estimation provided by the Mazda lease calculator is accurate? If not, how much off is it by your calculations? If it helps any, I live in Muskegon Michigan.

    Thanks a lot!
  • I'd also like to know the lease-end residual and money factor on a 2007 Mazda 3 iTouring Automatic on a 27 month lease at 12k miles per year.

    Thanks
  • glevittglevitt Posts: 30
    Hi Car_man, Can you tell me the MF and residuals for a 27 and 36 month lease on a 3 S Grand Touring, 12k mi/year.

    Thank you.
  • Hi Car Man / Host,

    Can you please provide the buy lease money factor and residual value for configuring a lease (I believe they vary according to length of lease terms, so I am open on length) for an '07 Mazda3 S 5-door Touring model?

    Thanks!
  • kbill07kbill07 Posts: 17
    What is the cheapest lease payment I can get for 36 months with 0 down. Looking to pay around $200 a month. Is this possible. What can expect to pay for zero down with 12000 miles
  • qbrozenqbrozen Posts: 17,667
    I'm curious about the current Mazda3i lease deals. Specifically, we'd be interested in a 3i touring automatic 4-door. The advertised deal is $203 with $2199 due for 27 mos at 12k per year. If I'm figuring correctly, it looks like a staggering 76% residual. Can that be right??

    What's the MF on this deal?

    Thanks.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, stoavio. I'm not personally all that familiar with how accurate the specific lease calculator is on Mazda's web site, but in general I have found that for some reason the calculators that manufacturers sites are often not all that accurate.

    Let me begin by saying that it is not a good idea to make a large down payment on a leased vehicle. Consumers who make one risk losing it if their vehicle is totaled in an accident or stolen and never recovered. You can and should lease any car that you want without making any sort of capitalized cost reduction.

    I would be happy to use Mazda's current lease program to estimate what your monthly payment should be, but in order for me to do so I need you to provide me with the selling price of the car that you are interested in. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. For now I will assume that you will be able to negotiate a $500 discount. According to my calculations, if you were to lease a 2007 Mazda3 i Touring Sedan that has an MSRP of $17,810 and a selling price of $17,310 through Mazda Credit right now for 27 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $261.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi stoavio. Mazda Credit's current buy rate lease money factor and residual value for a 27 month lease of a 2007 Mazda3 i Touring Sedan with 12,000 miles per year are .00231 and 68%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, glevitt. Mazda Credit's current buy rate lease money factor and residual value for a 27 month lease of a Mazda3 s Grand Touring Sedan with 12,000 miles per year are .00231 and 64%, respectively. The numbers for an otherwise identical 39 month lease of this car are .00229 and 54%.

    Car_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi what2get07. Mazda's lease program for this car varies by term and mileage allowance. For now I will assume that you are interested in a 39 month lease with 15,000 miles per year. Let me know if you want something different. Mazda Credit's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Mazda3 s 5-Door Touring with 15,000 miles per year are .00184 and 55%, respectively.

    Car_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings kbill07. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey qbrozen. Mazda Credit's current buy rate lease money factor and residual value for a 27 month lease of a 2007 Mazda3 i Touring Sedan with 12,000 miles per year are .00231 and 68%. So this car's residual value is pretty good, but not quite as good as the one that you came up with.

    Car_man
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    Prices Paid Forum
  • qbrozenqbrozen Posts: 17,667
    So, what am I missing when I look at the advertised deal on Mazda's site?

    2007 MAZDA3 i Sport 4-Door $179/Month, 27-Month Lease, $2,179 due at Lease Signing. Includes 1st Month's Payment. Excludes taxes, title and fees. (**)
    (*) The Amount due at Lease Signing is higher in the following states: Connecticut ($2,616); Massachusetts ($2,681); Rhode Island ($2,725); Virginia ($2,441); and West Virginia ($2,452). (**) Dealer participation required. Not all lessees will qualify for lowest payment through Mazda American Credit. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 27,000 at $0.15/mile. Total payments of $4,833. Purchase option at lease end for $10,996. Take new retail delivery from dealer stock by 4/2/07. See participating dealer for qualifications.


    According to this, the residual on a mazda3i sport is $10,996. Unless there are hidden options they aren't giving details on, a Mazda3i sport is $14,390. $10,996 is 76.4% of $14,390.(???)

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

This discussion has been closed.