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Mazda6 Lease Questions

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  • Hi hoofdpijn. Mazda's December lease program on the 2010 Mazda6 is actually pretty good. Its money factor for this model is slightly over 2% and its residual values are respectable. I personally wouldn't lease this car for 42 months though. You are free to lease it for however long you want and still take advantage of its special lease program. The payment for a shorter lease would likely be slightly higher though because you would have fewer months to spread the initial depreciation hit out over. If I was in the market for one, I'd go for a 36 to 39 month lease.

    Car_man
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  • Hi Car man,

    I am shopping for a 2010 Mazda6 i Grand Touring, I am fortunate to have the Mazda "S Plan" discount and have received a quote on a 10k mile/yr 42 month lease of $358.91 which include MI state tax. The cap cost was $24,116.09.

    I stumbled across this article and it has given me some doubts. :confuse:

    I don't know what Top-level dealer engagement or stair-step programs are and they seem to be shrouded in secrecy according the the article. Is this a non issue or something that may be significant?

    Do you think that the quoted price could be better?

    Thanks!!
  • I have a 2003 Pontiac Vibe (most basic model) in "poor" condition (cracked windshield, cracked taillight, worn upholstery, low tread on tires, etc) that I'll be trading in. It runs perfectly and apart from the cracked windshield ($100 to fix) and taillight, it really isn't in that bad of shape. I bought it two years ago for $7,000.

    Anyway, today I was negotiating the price to lease a 2010 Mazda6 iTouring for 48 months down from $298. First I spoke with the salesman and he apparently neded to bring in the pivotman who he introduced to me as the finance manager. Then, I told the finance manager I wanted tinted windows and leather seats and I keep beating him back on the price. We agree on $235/mo. for 48 months WITH my trade-in being valued at $2,900. At first they appraised it at $2,000 but I felt that was low and he said they could swing $2,900 for it. This is all on paper at this time.

    I ask for 5 minutes to place a phone call before signing my name and getting the paperwork going. While I'm outside, the original salesman comes out and tells me it's a no-go. "No dealership on planet earth is going to be able to work that deal for you" he said. I asked if he'd spoken with the finance manager I was previously dealing with and he said "yes, we spoke to the GSM and there's no way we can do it".

    First question: what's a GSM? Second question: What if I had signed my name instead of stepping out to place a phone call? Would they not have been able to honor those figures we settled on? Why was the finance manager giving me numbers that apparently exceeded the dealership's boundaries? I mean, he can't just sit there and go lower and lower on price without some understanding of how that will affect the sale, right? Did he plug those figures into the computer and learn that they would take a beating on the deal or something?

    Was sending me on my way and claiming they weren't able to swing the deal just a negotiation/sales tactic? Was that their way of pressuring me to return and making me bite on their earlier offers or do you think he was being honest when he said they just couldn't make it happen?

    I just found it odd that the supervisor/finance manager was dealing back and forth with me on numbers and apparently only needed my signature to finalized the deal but then sends the salesguy out to tell me what was once possible no longer is.

    Thoughts? Do you think it's impossible to lease a 2010 Mazda6 iTouring for $235/mo using my Vibe as a trade-in? I'll still be pushing for that leather and those tinted windows!

    :confuse:
  • Car Man, would you please post the newest (1/2010) Money Factor and Residual for a 2010 Mazda6 i Grand Touring for 36 months, 36000 miles when they become available? Thank you
  • Hi kona86. Stair-step dealer cash promotions are programs that provide dealers with dealer cash payments that escalate as they sell more vehicles. Mazda's use of this type of promotion used to be more wide-spread. To the best of my knowledge, the only stair-step program that Mazda is running right now is on the Mazda3. I don't believe that there is any volume-related dealer cash on the Mazda6 right now, so you probably don't have to worry about it.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi michaelfn. Here's the information that you're looking for. Chase's current lease money factor and residual value for a 36 month lease of a 2010 Mazda6s Sedan Grand Touring with 12,000 miles per year are .00171 and 58%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car Man, Need your advice.. We're planning to lease a 2010 Mazda 6i Sport for a 24 month lease, 10k/ yr mileage. One dealer price is monthly payment of $290 (including tax) with downpayment of $500 (including first payment, plates, etc..). We're not going to purchase it after the lease. Is this a good deal? What other things do we need to consider?

    Thank you.
    inrook05
  • Hi inrook05. I find that the best way to tell if one is getting a good deal on a leased vehicle is to look at its selling price. The selling prices of leased vehicles are negotiable, just as if one was paying cash for or financing. Find out what this car's MSRP and selling price are and let us know. I'm sure that either myself or another knowledgeable community member will gladly give you their opinion of this deal.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jrpjrjrpjr Posts: 1
    My local dealer is offering $5000 off the MSRP of a new Mazda 6. They claim that Mazda is offering them incentives that allow them to sell for such low prices.

    It almost seems too good to be true but they're talking about $15000 for a $20000 car.

    I was going to get the Sport package but now I'm going to upgrade to the Touring to get a few more extras.

    Pretty amazing deal in my book.
  • Hi Car Man,
    You have opened my world. So glad I stumbled across this site before leasing a car! Can't tell ya how much I appreciate your help.

    I am wondering if you can share what the residual value and money factor are for March, for the Mazda6, all trim levels, 12K & 15K. And would waiting until April make any difference at all, in your opinion?

    Thanks so much!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Wow thanks new_to_leasing :blush: . You just made my day. I'd be happy to help you out. Here's the information that you're looking for.

    Mazda's current lease money factor for a lease of any 2010 Mazda6 in March is .00110.

    Its 36 month, 15,000 mile per year residual values for this car are as follows:

    2010 Mazda6 Sport Sedan with auto trans: 57%
    2010 Mazda6 Sport Sedan with manual trans: 56%
    2010 Mazda6 SV Sedan: 56%
    2010 Mazda6 Touring Sedan with auto trans: 56%
    2010 Mazda6 Touring Sedan with manual trans: 56%
    2010 Mazda6i Touring Plus Sedan: 55%
    2010 Mazda6 Grand Touring Sedan: 52%
    2010 Mazda6s Touring Plus AT Sedan: 53%

    Mazda's current programs are scheduled to run through March 31st. It's difficult to say what its April programs will be like at this point. I suspect that they will be fairly similar to the current program, but again it's tough to say.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jrivers1jrivers1 Posts: 1
    edited April 2010
    Hi Car man,

    I was just quoted for a Leased 2010 Mazda 6 iSport w/automatic trans for $239 a month w/12,000 miles per year with only 1st month and DMV fees due at signing..Do you think this is a good deal? Thanks for any help
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jrivers1. The easiest way for me to evaluate this deal is to take a look at this car's selling price and full MSRP. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. These numbers make it much easier to figure out how much of a dealer discount you are being given and in turn if there is any room left to negotiate.

    Let me know and I'll tell you what I think.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • c_dubsc_dubs Posts: 1
    I'm hoping to taken advantage of this month's Mazda $0 due at lease signing deal. Here are the quotes I've received so far:

    2010 Mazda 6 iSport w/automatic trans
    MSRP $21,170.00
    Lease price $18079.00
    42 month lease/42K miles
    $206/month

    Does this sound reasonable?
  • mikemartinmikemartin Posts: 205
    I'm hoping to taken advantage of this month's Mazda $0 due at lease signing deal. Here are the quotes I've received so far:

    2010 Mazda 6 iSport w/automatic trans
    MSRP $21,170.00
    Lease price $18079.00
    42 month lease/42K miles
    $206/month


    Is that with or without S-Plan and loyalty bonus?

    I got a quote of same thing for the same car, $0 down, sign and drive, no disposition fee at lease end, but with S-Plan plus loyalty cash, but over 36 months with 10,000 miles per year.

    If that's without S-Plan and bonus cash, I probably am getting shafted on my S-Plan quote.

    Can you name the dealer?

    Thanks.
  • miamimike1miamimike1 Posts: 13
    MAZDA6 i Sport Automatic Transmission

    $199/Month Lease for 36 Months
    $0 Down Payment, $0 Security Deposit, $0 First Month's Payment= $0 Due at Lease Signing. Tax, license, title, fees, options and insurance extra. Monthly payments include $595 acquisition fee.
    Hide Details

    MSRP $21,320. Lease payment based on capitalized cost of $18,565 after $2,000 Mazda Customer Lease Support. Total payments of $6,954. No security deposit required. Dealer participation required. Tax, license, title, fees, options and insurance extra. Monthly payments include $595 acquisition fee. Not all lessees will qualify for lowest payment through participating lender. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 30,000 at $0.15/mile. Purchase option at lease end for $12,579 plus applicable tax. Take new retail delivery from dealer stock by 6/1/10. Residency restrictions apply. See participating dealer for qualifications. Excludes One Pay lease option

    APPEARS to be without loyalty bonus
    which is this

    Current Mazda Owners can get Owner Loyalty Cash toward the purchase or lease of a new Mazda:

    $500 Owner Loyalty Cash toward 2010 MAZDA3, MAZDA6, CX-7 or CX-9

    This offer is for a limited time, so see your Mazda dealer today
    Mazda Owner Loyalty Cash Program $500 is good toward a new 2010 MAZDA3, 2010 MAZDA6, 2010 CX-7 or 2010 CX-9. Excludes MAZDASPEED3. The Mazda Owner Loyalty Cash Program CANNOT be combined with other private offers but CAN be combined with other public purchase incentives including but not limited to customer cash back, lease and APR incentives/offers. The offer is transferable within household, must live at the same address. Present dealer with proof of ownership (copy of vehicle registration or title) at time of purchase. Offer expires 06/01/2010.
  • mikemartinmikemartin Posts: 205
    miamimike1, thank you.

    So, based on the info you posted, the lease should run $199 - $14 ($500 / 36 months + $13.88), or $187 per month, if one has loyalty cash.
  • 2010mazda62010mazda6 Posts: 2
    I just did a last minute Sign & Drive ($0 down, $0 payment).

    2010 MAZDA6 i Sport Automatic

    36 month lease
    15,000 miles per year

    1st payment waived, but I paid about $250 for fees and registration.

    $222 per month (tax included) x 35 months

    Is this OK deal? Good Deal? Great Deal?
  • nbnotarynbnotary Posts: 1
    What dealership did you get this deal from? That is EXACTLY what I'm looking for ... I need 15,000 miles/year. Thank you!
  • ws01ws01 Posts: 9
    looking for residual and MF for i touring model for 24 mo lease with 15k per year
    thanks
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