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Mazda3 Lease Questions

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  • kyfdxkyfdx Posts: 27,667
    I'm just worried they'll just say the leasing company charges that flat rate and they can't change it.

    They would be telling the truth...

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  • kyfdx,

    Thanks for the clarification! It's unfortunate it can't be negotiated, they charge way too much! Any chance you could provide the lease info I requested a few posts back?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi balthazar9. I've seen information about leasing this car for 39 months, but I haven't looked into a 42 month lease of ye before. I'll look into that for you.

    In the meantime, Chase's August buy rate lease money factor and residual value for a 39-month lease of a 2012 Mazda3 i Touring Sedan in Philadelphia with 15,000 miles per year are .00084 and 56%, respectively for consumers who qualify for its top credit tier.

    Actually $0.10 per mile sounds about right for excess mileage purchased in advance. $0.05 sounds a little low to me. I don't think that the dealer has the ability to mark-up excess mileage charges.

    Car_man
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  • Car_man

    Thanks for the info! My local dealer quoted me 54% for 42 months with a mf of .00091 but they use tier 2 by default. I got a quick quote for 36 and 39 too but didn't get the figures. Based off of some quick calculations, I think they came out to 58% and 56% respectively.
  • Hi Car_man,

    Could you look up the top tier money factor for a 15k/yr 36 month lease for a Mazda3 i Touring sedan with an auto transmission in the Philadelphia area?

    Does using Chase Financing exempt you from receiving dealer cash any incentives? The fine print on edmunds incentive page says I should be good but I had a dealer try to tell me otherwise.

    Thanks! :)
  • ixis14ixis14 Posts: 4
    edited September 2012
    Hello Car_man,

    I'm interested in leasing a 2012 Mazda3 iTouring with Skyactiv-G. I'm not sure about the lease length right now. I'd appreciate it if you can provide me with the September residual and money factor for a 24 month and a 36 month lease. I'm only interested in the lease rates for 15k per year. I'm planning on leasing the car in California if that makes any difference.

    Also, I think I qualify for the top tear lease rates, but I might be right on the edge. What is the minimum credit score for the top tier lease rates?

    Thank you for your help,

    Ixis14
  • You're welcome balthazar9.

    Car_man
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  • Hey balthazar9. Chase's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Mazda3 i Touring Sedan with an automatic transmission and 15,000 miles per year are .00066 and 58%.

    The $1,500 dealer cash that Mazda is currently providing on '12 Mazda3 Sedans is not compatible with the aforementioned lease program.

    Car_man
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  • Hello Ixis14. Mazda's August lease program is scheduled to run through September 4th, so its new Sept. numbers won't be available until some time on the 5th at the earliest.

    Here's the August information for you for now to at least give you an idea of what you will be looking at.

    Mazda's current buy rate lease money factor and residual value for a 24-month lease of a 2012 Mazda3 Sedan i Touring with 15,000 miles per year are .00146 and 69%.

    The numbers for an otherwise identical 36-month lease are .00066 and 58%.

    I'm not sure what credit score is the cut-off for Chase's top credit tier, but I can look into that and see what I am able to find out.

    Car_man
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  • Thank you for the August lease rates Car_man.

    I'm getting close to finalizing a deal, so when available please post the September lease rates.

    Thanks,

    Ixis14
  • Mazda's September buy rate lease money factor and residual value for a 24-month lease of a 2012 Mazda3 Sedan i Touring with 15,000 miles per year are .00118 and 66%.

    The numbers for an otherwise identical 36-month lease are .00048 and 57%.

    Car_man
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  • Car_man,

    Is it possible to negotiate with a dealer to lower the residual value of a 2012 Mazda 3 (or any car) down to a nominal amount, say $2000 or less? Because of the way my company's car allowance is structured, I can only use it towards a lease payment, not a loan. Due to how much I drive and how long I tend to keep cars, a standard lease doesn't really work for me. I'd like to structure a lease with a high monthly payment (~$500) and a low residual value at the end of the 3 years (~$2000). And what impact, if any, would this have on the money factor?

    Thanks,
    100OFR
  • Hi 100OFR. Banks typically don't allow consumers to negotiate lower residual values on vehicles (before anyone corrects me, I know that there have been exceptions to this rule in the past...but they are few and far between :) ). What you need to do is to purchase additional miles on a per-mile basis. You should be able to purchase a ton of additional miles at lease signing at a discount to what you would have to pay for them at lease-end.

    Purchasing additional miles would not have any impact upon the money factor.

    Car_man
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  • dolphin5dolphin5 Posts: 26
    edited October 2012
    Hi Car_man,

    Can you please provide the lease numbers (mf & resid) on 24 and 36 month, 12K mi/year leases on the 2012 Mazda 3 Sedan I-Sport and I-Touring models. Also, is there any lease support (i.e., lease cash) being provided?

    Thanks
  • Hi dolphin5. Chase's October buy rate lease money factor and residual value for a 24-month lease of a 2012 Mazda3 Sedan i Sport with 12,000 miles per year are .00075 and 65%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 36-month lease are .00016 and 56%.

    The money factors for the '12 Mazda3 Sedan i Touring are the same, but its residuals are 2% higher.

    Mazda is not currently providing any cash incentives on leases of this car that I am aware of.

    Car_man
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  • Hey Car_man,

    I haven't seen any information about a speed3 lease. Can you post what you can find? THANKS in advance...

    Ed
  • Wanting to get the Money Factor and Residual for a 2012 Mazda 3 i Grand Touring for 36 Months and also 42 months please if anyone can help?
  • I'm in Arizona BTW
  • Greetings banshee24. Chase's November buy rate lease money factor and residual value for a 36-month lease of a 2012 Mazda3 i Grand Touring Sedan with an automatic transmission and 15,000 miles per year are .00025 and 57% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00045 and 55%.

    Car_man
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  • What is the significance of buy rate lease money factor and residual value? I understand what the RV is but can I use these to calculate how good their lease offer is?
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