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Mazda6 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi rdawg. Unfortunately, the customer cash incentives that you mentioned are not compatible with Mazda's special lease program for the Mazda6. Having said this, Mazda is currently providing a special $1,750 lease cash incentive on '07 Mazda6 Sedans. Negotiate as low a selling price as possible on the car that you want and then have the dealer that you are working with subtract this lease cash from that. If I was in the market for this car right now, I would shoot for a selling price of $500 over invoice minus the $1,750, or around $1,250 under invoice. Make sure to stop by the following discussion to see how much other community members have paid for this car lately: "Mazda6: Prices Paid & Buying Experience".

    Car_man
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    Prices Paid Forum
  • Hi I'm looking at a MazdaSpeed6 Sport. It is a demo w/ 5k mi. $3500 down, $300/mo, 50% residual, 0.0021 on a 39/mo lease @ 10.5k mi/yr. The $300/mo is tax included. Is this a good deal? (PS - they are extending out the warranty and mileage to include the 5k already on it.) Your help/opinion is appreciated. The numbers don't seem to be great, but for this kind of car, the term, and the monthly payment, they fit my needs, so I just wnat to know if it looks good? Thanks
  • mbmanmbman Posts: 5
    I am about to lease a 2007 Mazda 6i Value Ed. 4 door w/wing spoiler. Final negotiated price of the car: $18966.00 + $87(PZEV Emission) + $260 (rear wing spoiler) + $595 (transportation) + $328 (New York Assessment) = $20236.00
    Lease terms are: 10.5K yr for 39 months. money factor 0.00193, residual 55%.Mazda may promotion : - $1750. Aquisition cost reduction $595.
    Monthly payments $228 due at signing $1868.52 consists of tax on total monthly payments $766.94 + tax on $1750 customers cost reduction $150.94 + tax on aquisition cost reduction $51.32 + acquisition cost reduction $595 + 1st month payment $228 + NY Inspection fee,Documentation fee and NY tire fee $67.50 _ tax on the $67.50 which is $5.82 all these makes up $1868.52 at signing.
    residual value is $11852.
    My questions are:
    1. $328 for NY Assesments ?
    2. Residual is 55% of MSRP ? i.e $21550 x55%= $11852 ?
    3. Am I suppose to be paying taxes on all of the above as listed..i.e. my payments, tax on the rebate of $1750, tax on aquisition and the rest as per listed above ??
  • mbmanmbman Posts: 5
    What would be the best $ value be to lease a 2007 4 door 6i w/AT, with rear wing spoiler? I am in NY, sales tax 8.625%

    I thought I was offered a good deal until I read your forum..

    I need to lease this car by April 2 to take advantage of the current promo..unless you have an insight on the next promotion.

    12K/36 months is preferred..

    SUPER CONFUSED !! HELP !!
  • I helped my friend get a great deal on the Mazda 6s SVE w/AT in OC.

    Here is the breakdown of the lease:

    MSRP: $23735.00
    Cap cost: $20011.39
    Terms: 39 months (12,000 mi/yr)
    MF: 0.00193
    RV%: 52%
    Down payment: none
    Acquisition fee + CA vehicle license fee: $679.00 (total drive off fee)
    Monthly payment: $259.09 + 7.75% Tax = $279.17

    IMHO, I think this is a great deal for a V6 vehicle.
    BTW, the car color was Tungsten gray.

    The dealership is called "Surf City Mazda" in Huntington Beach, CA.

    I can't guarantee you will get the same deal as I did for a friend.
  • mbmanmbman Posts: 5
    PU 2007 Mazda 6i Value Edition, Onyx Black, Black interior, rear wing spoiler,PZEV Emissions plus dealer also included remote start.

    MSRP: $21550.00
    Cap cost: $19463.45
    Terms: 39 months (12,000 mi/yr)
    MF: 0.00193
    RV%: 55%
    Down payment: none
    Acquisition fee + NY Registration 2 years + new plates + 1st month payment: $444.50
    Monthly payment: $255.90

    I rolled eveything into the monthly payments..
  • steevosteevo Posts: 339
    Nice deal. What dealer did you use? Are you on LI? Did you do this by email or face to face?
    THanks!
  • mbmanmbman Posts: 5
    Huntington Mazda, ask for Charlie, the Englishman...straight forward kind of a guy no b.s.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi gto2xturbo. Let be begin by saying that in my opinion $3,500 is way too much money to put down on a lease. I personally always advise consumers not to make any capitalized cost reduction when leasing. Consumers who make large down payments on leased vehicles risk losing them if their car or truck is totaled in an accident or stolen and never recovered.

    The money factor that you were quoted looks about right to me, it has since been revised to .00195 for the money of April, but you never mentioned what this car's selling price is. The selling prices of leased vehicles are negotiable, just as if you were financing or paying cash. This is especially true on demo vehicles where you should be getting an additional discount on top of the one that you would normally be able to get on this model. I would be happy to give you my opinion of this deal if you tell me what this car's MSRP and selling price are.

    Car_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello mbman. I am not personally familiar with how sales tax is calculated on leased vehicles in your state, but you may be able to find out more information on this subject by visiting the following sites: New York State Department of Taxation and Finance or New York State Department of Motor Vehicles.

    Car_man
    Host
    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey mbman. Mazda's April lease program for the Mazda6 is not much different than its March program was. The lease payment of the car that you are interested in will depend upon how low a selling price you are able to negotiate on it. Stop by the following discussion to see how much other community members have paid for the 2007 Mazda6 lately: "Mazda6: Prices Paid & Buying Experience". When negotiating this car's selling price, keep in mind that Mazda is currently providing a total of $1,500 lease cash on the specific model that you are interested in right now. This incentive will help you to negotiate an attractive capitalized cost for your lease. If you provide me with this car's full MSRP and approximate selling price I would be happy to use Mazda Credit's current lease program to estimate what your monthly payment should be on it right now.

    Car_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for taking the time to share the details of your friend's lease with everyone, creativityrule.

    Car_man
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    Prices Paid Forum
  • dudette3dudette3 Posts: 39
    Dear Car_man,
    Would you please provide the current lease information (Money Factor and Residual Values) for the 07 Mazda 6i VE?

    I would be interested in values for 24 and 36 months, at 12000 and 13500 miles/year.

    Thank you!
  • avljmaxavljmax Posts: 10
    Hi Car_man,
    I'm interested in the same info as dudette3 (above), except I'm in North Carolina (if that matters).

    Thanks!
  • avljmaxavljmax Posts: 10
    Just thought I'd let you all know about the deal I got last night from Montgomery Mazda in Charlotte, NC. Great, super-easy buying process (I had called ahead for their best price when none of the dealers within 50 miles of me were willing to come down below $19,000).

    Here's the details:
    Mazda6i Sport Value Edition Auto
    MSRP $21,125
    Negotiated price $15,988
    Total cap cost $17,291 (includes doc, destination, tags, title, etc)
    Residual $11,618
    Base monthly payment $209.35 + $6.28 (tax) = $215.63

    For some reason, Mazda is able to include the NC county property tax in the lease, along with Gap insurance at no cost! So, that means I don't have to dread those upcoming tax bills (at least for the next three years).

    This is a 36-month, 12,000 miles per year lease with $0 down and $0 security deposit. In fact, my first month's payment was included in the lease cash, so I didn't pay anything yesterday... sign and drive! I like it! :D

    I love my 6 so far! Best of luck to everyone here and thanks for all the tips and advice I received!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, dudette3. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda6i Sedan with 15,000 miles per year are .00108 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00142 and 53%. If you were to lease this car with only 12,000 miles per year, its residual values would be 2% higher. Mazda Credit did not used to offer leases with 13,500 miles per year. Is that an option that the dealer you are working with mentioned? When negotiating your lease on this car, make sure to take the $1,500 lease cash that Mazda is providing on it into account. It will help you to negotiate an attractive capitalized cost.

    Car_man
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    Prices Paid Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey avljmax. Mazda's current lease program for the MAzda6 is national, so it would be exactly the same in your area.

    Car_man
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    Prices Paid Forum
  • sswen7sswen7 Posts: 4
    Car_man
    I was wondering what the current money factor and residual is for a 2007 Mazdaspeed 6 Grand Touring.
    I was just quoted a money factor of .00181 for a 24 mo. 15K per year for a Mazdaspeed 6 Grand Touring. Residual was 58%. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sswen7. Mazda's current buy rate lease money factor and residual value for a 24 month lease of a 2007 MazdaSpeed6 Grand Touring with 15,000 miles per year are .00161 and 59%, respectively for consumers who qualify for its top credit tier. When negotiating your lease on this car, make sure to take advantage of the $2,500 cash incentive that Mazda is currently providing on leases of the MazdaSpeed6. This cash will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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    Prices Paid Forum
  • mchangmchang Posts: 6
    Hello Car_Man,
    Can you please tell me the current money factor and residual for a 2007 Mazdaspeed 6 Sport ... 24 and 36 mths, with under 10,000 miles/yr?
    If the MSRP is $28,670 what do you think is the best lease I can negotiate, with the lowest amount out of pocket?
    I live in Palm Beach County, Florida; sales tax 6.5%.
    Thanks in advance.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, mchang. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazdaspeed 6 with 10,500 miles per year are .00106 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00183 and 51%.

    This car's lease payment will depend upon what selling price you are able to negotiate on it. I would be happy to estimate what your monthly payment would be on it right now if you let me know what selling price you have been able to or are expecting to be able to negotiate. If you're not sure what selling price to shoot for, you may be able to get an idea by visiting the following discussion: "Mazda6: Prices Paid & Buying Experience". When negotiating your lease on this car, make sure to take advantage of the whopping $2,500 lease cash that Mazda is currently providing on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, mchang. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazdaspeed 6 with 10,500 miles per year are .00106 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00183 and 51%.

    This car's lease payment will depend upon what selling price you are able to negotiate on it. I would be happy to estimate what your monthly payment would be on it right now if you let me know what selling price you have been able to or are expecting to be able to negotiate. If you're not sure what selling price to shoot for, you may be able to get an idea by visiting the following discussion: KarenS, "Mazda6: Prices Paid & Buying Experience" #, 7 Jan 2003 12:23 pm. When negotiating your lease on this car, make sure to take advantage of the whopping $2,500 lease cash that Mazda is currently providing on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man,
    Could you please provide me lease money factors and residuals for 24 and 36 month leases on two cars? I'm look at either the Speed5 Sport or the 6i GT. I am an S-Plan particiant, and should qualify for Tier 1 rates.

    Thanks in advance,
    CfKid
  • I'm wanting to know the current MF and residual for the 2007 mazda6i and mazda 6s. I would like to lease for 24 months and the lowest miles (10,500 per year?). Also, are the rates different for the sedan vs the 5 door?
  • So I had an offer of $259 a month for a 24 month lease $2000 down on a Mazda6 SVE Stick 12,000 miles. I haggled a bit more and the dealer said he would reduce the price by $600 but when he calculated the lease price, it was a few dollars higher per month and said his prior calculation was a mistake. I told him no thanks and left. I contacted another dealer who said the best lease he could do would be $339?!?!?!?

    Was the 259 a good deal? I can get a base model Subaru legacy for $195 a month with 2k down so I guess I will do that but the Mazda was a nicer car so I am a little bummed.
  • moparbadmoparbad Posts: 3,842
    quote MazdaUSA-
    2007 MAZDA6 i Sports Sedan Sport Value Edition AT $199/Month, 24-Month Lease, $2,199 due at Lease Signing after $1,500 MAC lease cash back. Includes 1st Month’s Payment. Excludes taxes, title and fees.-end

    Mazda has $199 a month promoted on their website for an automatic. For a manual trans. you should expect less than $199 and certainly no more than $199 a month.
  • Yeah but that is the 4 cyl. Also, that does not include tax so it is more like $220.

    Thanks for the info
  • I wanted to the what the money factor & residual value of the 2007 mazda6 sport sedan S Grand touring.
  • Hey Car Man,
    I'am interesting in leasing a 2007 Mazda6 Sport Sedan Grand Touring and I wanted to know what the money factor & residual value is for a 24, 36 & 48 month lease would be for 12,000 or 15,000 miles. Also what is a good price to start negotiating at, I will be going into the dealer this week.
    Thank you.
  • Carman,

    I would like the residual value and money factor for a 2007 Mazda6 SVE and IVE Manual for 24 months and 10500 miles.

    Thanks
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