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Mazda6 Lease Questions

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  • Here's the information that you're looking for, CfKid. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of any 2008 MazdaSpeed6 with 15,000 miles per year are .00101 and 56%, respectively. The numbers for an otherwise identical 36 month lease are .00189 and 47%. When negotiating your lease on this car, make sure to use the $2,500 lease cash that Mazda is currently providing on it to negotiate an attractive capitalized cost.

    Car_man
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  • Hi jcox9. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Mazda6i Sedan with 10,500 miles per year are .00102 and 64%, respectively. The numbers for an otherwise identical lease of a 2008 Mazda6s Sedan are .00102 and 62%.

    The numbers for 5-Door models are indeed different than they are for Sedans. The numbers for an otherwise identical lease of an '08 Mazda6i 5-Door are .00156 and 61%. The numbers for the '08 Mazda6s 5-Door are .00156 and 57%.

    When negotiating your lease on the Mazda6 that you want, make sure to take the $1,000 cash incentive that Mazda is currently providing on leases of '08 Sedans and $1,500 that it is providing on leases of '08 Mazda6 5-Door models into account. This cash will help you to negotiate an attractive capitalized cost.

    Car_man
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  • Hello mickylyn. This car's lease program varies by term and mileage allowance. You never mentioned what either off these variables are, so for now I will assume that you are interested in a 36 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 36 month lease of a 2008 Mazda6s Sedan with 15,000 miles per year are .00140 and 50%, respectively. When negotiating your lease on this car, make sure to take the $1,000 lease cash that Mazda is currently providing on it into account.

    Notice that I provided you with information on the current lease program for the 2008 model. Mazda is no longer providing lease support on 2007 models (other than the MazdaSpeed6).

    Car_man
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  • Ahhhh, mickylyn, I see that you mentioned the missing information in your next post. OK, I have already provided you with the 36 month, 15k info. Mazda Credit's current 24 month, 15,000 mile per year buy rate lease money factor and residual value for the 2008 Mazda6s Sedan are .00102 and 59%. The numbers for a 48 month, 15k lease are .00195 and 43%. If you were to lease this car with only 12,000 miles per year, its residuals would be 2% higher.

    Car_man
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  • Here is the information that you are looking for, rufus26pt2. Mazda Credit's current buy rate lease money factor and residual value for a 2008 Mazda6 s Sedan with 10,500 miles per year are .00102 and 62%, respectively. The numbers for an otherwise identical lease of a 2008 Mazda6i Sedan are .00102 and 64%. As you can see, I provided you with the numbers for the '08 Mazda6. Mazda is no longer leasing '07 models.

    When negotiating your lease on this car, make sure to use the $1,000 lease cash that Mazda is providing on it to negotiate an attractive capitalized cost.

    Car_man
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  • doug_tdoug_t Posts: 22
    Hi Car_Man.

    Are you sure about Mazda no longer having any lease deals on the 2007's? There still seems to be one posted on the Mazda site, good through 10/31. I assume that when I see something like this, they are still offering aggressive lease terms on the car, no?

    Thanks so much for all your time and effort here.

    - Doug

    =======================================================
    2007 MAZDA6 i Sports Sedan Sport Value Edition AT
    2007 MAZDA6 i Sports Sedan Sport Value Edition AT
    $199/Month, 24-Month Lease, $2,199 due at Lease Signing after $2,000 MAC lease cash back. Includes 1st Month's Payment. Excludes taxes, title and fees. (**)
    (*) The Amount due at Lease Signing is higher in the following states: Connecticut ($2,711); Massachusetts ($2,788); Rhode Island ($2,839); Virginia ($2,506); and West Virginia ($2,519).

    (**) 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 24,000 at $0.15/mile. No security deposit required. Total payments of $4,776. Purchase option at lease end for $12,369. Take new retail delivery from dealer stock by 10/31/07. See participating dealer for qualifications.
    ======================================================
  • doug_tdoug_t Posts: 22
    Now that I dig deeper I suspect that the lease offer on the 2007's are regional since I tried a Florida zip code on the Mazda site and it did not appear.

    If that is the case, Car_Man, would you have the #s for the 2007 Mazda6i VE, 10,500 miles, 24 months that would apply for me in NJ?

    Thanks.
  • hi,
    i am curious with leasing how to maintain vehicle according to requirements. i live in michigan, so am i required to use the maintenance required listed under severe whether conditions? when i owned my car, i just used a mileage in between the normal and severe requirements. i am just wondering how stringent they are with this. also, do i have to take the vehicle to a dealer for service? or just a local shop is ok. i have a mazda 6. thank you!
  • Car_man:

    I was looking to lease an 07 Madza6 s model (which is still possible in my area). I was quoted at a ridiculous $350 a month (with $2500 down) for 36 months and 12k miles even with the $2500 in rebates.

    So after showing the dealer some paperwork from edmunds and other places, he went back to see what he could do. He came back and offered me an 08 Madza6 s model for $249 month w/o tax, etc. (Also based on 36 months/12 k miles and $2500 down).

    I was more prepared to negotiate based on the figures you provided here for the 07s and not for the 08s. This deal did seem reasonable as I was looking for a payment on the 07 of about $225/mo with $2500 down.

    Please let me know what you think of $249/mo in this case...

    Myke
  • Hi dudette3. The only maintenance that I ever perform on leased vehicles is to change the oil and rotate the tires. You don't even have to go to the dealer to have these things done, but if you do them yourself or take them to a Jiffy Lube-esque place make sure to keep the receipts just in case. Oil changes are a pretty cheap, easy way to make sure your car doesn't experience any major problems. And while the tire rotation isn't required, doing it will hopefully prevent excessive tire wear and keep you from having to buy new tires for your car before lease-end. In my opinion, performing any maintenance above and beyond this on a leased vehicle is a waste of money.

    Car_man
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  • Hello Myke. Did you say that the dealer that you are working with cut their initial offer for a lease of the Mazda6 that you want by $100 per month after you called them on it :surprise: . They certainly were trying to skin you, which would not give me a warm and fuzzy feeling about the dealer. I would be happy to give you my opinion on the deal that you were quoted if you provide me with its MSRP and approximate selling price. These numbers will show me how much of a discount you are being given.

    Car_man
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  • A local dealership has offered me a lease as follows:

    2008 MAZDA6 i Sports Sedan, Touring Model w/ optional Sirius Radio ($430)
    36 months / 10,500 miles
    No money down
    $349 per month + tax

    MSRP is $23,305. I'm waiting for confirmation of money factor and base cap cost from the dealer. Also, I'm a little confused about the residual value. On this forum, it's listed as 64%, but elsewhere I've seen an average residual listed as 46% to 48%.
  • 737capt737capt Posts: 14
    Anyone know what are the current numbers for a 24 or 36 month lease at 15k per year for a Mazda 6s Grand Touring?
  • Hi rokkford. Did someone say that this car's 36 month residual value is 64%?! I hope that it wasn't me. If it was, I apologize. Mazda Credit's current 36 month, 10,500 mile per year residual value for a 2008 Mazda6i Sports Sedan is only 52%. Its money factor for this term is .00129. Make sure that the dealer uses these numbers to calculate your car's lease payment. Also, make sure that they use an attractive capitalized cost. If I was in the market for this car right now, I personally would want a discount of around $3,000 (including the $1,500 lease cash).

    Car_man
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  • bigbutrbigbutr Posts: 111
    OK, I'm looking at the Mazda 6i SVE with automatic that Mazda is currently running a 24 month, 24000 mile lease special of 199 a month with 2199 down.
    But, if I just go by Edmunds figures for one with just a rear spoiler added, the MSRP is 21610 and TMV is 18260 with a 2000 rebate. But I'm guessing if I lease one, I only get to use the 1250 lease cash listed on Mazda's website. However, if I use that, roughly a 1200 trade-in and first-month payment down only, wouldn't it be possible to get a lower payment than that? I know you suggest not putting a lot down on a lease, but I'm not sure even with the available lease cash and first-months payment that I could come up with near the 199 a month. Plus, I don't need four cars in the driveway (well, three as my postal truck stays at the office)
    I really don't want to go 36 months, since I will likely have the money to upgrade to a BMW 330i convertible after this lease runs out.
  • What should I expect to get one of these for? I managed to find one,
    loaded, msrp is 28,818, dealer says $600 over invoice, and that includes
    the cost of getting it here. Purchase is $21,888 with 4K rebate, I would
    want to lease it.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi scottinky. Mazda is not providing lease support on 2007 models any longer. I don't even through that you could lease an '07 model through its captive finance company if you wanted to. As a result, you would have to go through an independent bank to lease this car if you could even find one that is still leasing 2007 models. I suspect that you will be better off going with a 2008 Mazda6 if you really want to lease.

    Car_man
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  • adreasadreas Posts: 6
    Car_man,

    Hello. I'm currently interested in leasing a 2008 Mazda6 i SVE. I've done a lot of research worked numbers over repeatedly as well as used Mazda's lease payment calculator to verify my work. However, I'd like to know if this is a possibility and not a flight of fancy. I have come to find that my wife is eligible for the s-plan and am working from that price. Currently the Mazda6 i SVE at s-plan is $18,248, before tax and fees. From that I added handling charges, tax, etc. The final sale price comes out at $20,015.98. I then applied a down payment of $1000 and the current lease cash of $1250 offered by Mazda. At 24 months and 12,000 miles my complete monthly payment comes out to $176 per month. I double checked my work on their website calculator as well and came up with the same price. My question is, will a dealer allow me to use s-plan pricing and lease cash combined? Although it's clearly stated this is a possibility, I find some dealers unwilling to participate. What should I do?

    Thank you.
  • krwest1krwest1 Posts: 66
    Yes, the dealer will allow you to use S-plan and lease cash. However, the calculator on the Mazda website automatically factors in the lease cash, so if you put in your "purchase" price of $20,015.98 and down payment of $1000, you'll get the correct lease payment of $228. It looks like you added the $1250 lease cash in with the $1000 down payment for a total $2250, which is how you arrived at the incorrect $176 payment.
  • adreasadreas Posts: 6
    Thank you for your help! I was wondering how the payments came out so low. It just didn't seem right to me. Should I be able to get a better deal with S-plan and lease cash than with lease cash alone? Say if I were to use s-plan pricing and lease cash with $1500 down, would I be able to net payments closer to $200/mo?

    Thank you.
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