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Mazda6 Lease Questions

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  • ral2167ral2167 Posts: 642
    I'm looking to lease a sedan (Accord, Camry, etc.) and am considering a Mazda 6 but from what I understand, the only way to get Sirius satellite radio is to lease the top of the line grand touring?? Or heated seats?
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 791
    Heated seats are only available on the Grand Touring. I find it very odd that Mazda made "leatherette" upholstery standard on the mid-level Touring, but heated seats aren't even optional on that model. (BTW- I couldn't wait to see just how cheap-looking and feeling the "leatherette" would be, but I was very pleasantly surprised! It looks and feels more like real leather than the leather seats in my $40k Mazda CX-9 GT!)

    SIRIUS is also standard on the GT, but not offered of the lower models. The previous two generations of Mazda6 had SIRIUS-ready audio systems and the dealer sold the SIRIUS hardware for $300 or so. I bought it for my 2006 Mazda3 and it was a simple plug-and-play installation and was fully integrated like a factory unit would be.

    But I don't see it on the 2014 Mazda6 Accessory list. I did some digging into the detailed specs (from Mazda's marketing site) and it does indicate that the audio system in ALL 2014 Mazda6 models are SIRIUS-ready. I'll email a buddy of mine who runs a Mazda Parts Dept in Alabama and ask him about it....

    Other than SIRIUSXM, they are Pandora Internet Radio compatible, if you want to explore that. It's my understanding your smart phone has to work as the receiver for Pandora, but I know several folks who seem to love it!

    If you're interested in the Touring model, you should consider getting one with Touring Tech Package....or at least drive one with and one without it to compare. For $2000, it adds a LOT of features!

    If you decide that the Mazda6 isn’t quite right for you, I have something else in mind that might fit the bill and it’s much more interesting than Camry or Altima or even the Accord....the Acura TSX!

    Acura has some pretty incredible lease deals on the 2013 TSX right now. The ‘base’ TSX has everything you’d want- heated, leather seats, 7-speaker Premium Audio system with standard XM radio and AUX/USB inputs and all the other features you’d expect on an entry-level luxury car.

    You can get a 36-month lease with $1999 due at signing for $279/month (not including taxes, registration, blah, blah).

    Or you can go with $0 due at signing and $330/month.

    Parent company Honda is also running some nice lease deals on the Accord. They have promo leases on LX, EX and EX-L V6 Sedans, but the EX looks sweet but it has cloth seats (not heated) and a not-so-hot 6spkr 160-watt Audio System without SIRIUSXM even as an option.

    If you step up to the EX-L, you get heated leather seats AND a MUCH more impressive 7-speaker 360-watt Premium Audio System with standard SIRIUSXM. You also get a Forward Collision Warning System (which I’ve had for years, it’s called a WINDSHIELD in my car), Lane Departure Warning System, Rearview Camera, 2-position Memory for Driver’s Seat, 4-way power passenger seat and LED brake lights.

    The EX-L stickers for $2590 more than the EX, but you get a lot of value for the money IMO.

    The EX-L V6 is almost identical but instead of the 185hp 2.4L 4-cylinder and CVT, it has a 278hp 3.5L V6 with a 6-speed automatic. It is rated at 21/34mpg, great for a V6 and I recently read a review of the V6 sedan in one of the car mags. It does 0-60 in 5.6 seconds, which makes it the fastest mid-size sedan you can buy (or lease). The V6 is carried over from the previous generation Accord, so the new 6-speed automatic is largely responsible for almost-insane-for-a-family-car acceleration! I’ve had the pleasure or driving one and I was very impressed. But it is so smooth and quiet that I hit 90mph and it felt more like 70.

    The EX-L V6 lease is 36-months, $2799 due at signing and $309/month.

    The $0/down alternative is $0 due at signing and $380/month.

    I probably gave you a little (LOT) more info than you needed, but I hope it helps you out!
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 791
    Me again!

    I wanted to mention one other car to you. The KIA Optima is a much better car than the Camry (according to most reviews and folks like me who drive rental cars on regular basis). IMO, it’s second only to the Mazda6 and every bit as good as the Accord and a better value than ANY of them!

    The Optima has a nice 6-speaker Audio system with standard SIRIUSXM. I’ve driven the entry-level LX model numerous times and it’s still hard to believe that it’s the base model and starts around $21k.

    If you want leather, you need to move up to the mid-level EX model. It has standard heated leather seats, automatic climate control, 17” alloys, 8-way Power Driver’s Seat w/ Lumbar and some very sharp interior accents (chrome door pulls, metal bezel around gear shift & leather-wrapped steering wheel and shifter). It looks and feels like the interior of a $30k+ entry-level luxury car, not bad for a $23k sedan.

    BTW, I’m not intentionally trying to bash the Camry. It’s not that the Camry isn’t a decent car, it’s the fact that almost everyone else is better. Each new generation of Camry has lower quality materials (interior), unimpressive (sometimes even sloppy) build quality and obvious cost-cutting measures that none of it’s competitors seem to make. Toyota can do much better because we’ve seen it. But they’re more interested in earning every penny they can rather than building great cars.

    But when you’re selling hundreds of thousands without trying, why waste the effort?
  • gee22gee22 Posts: 82
    She should be able to get her GT.
    With good credit, there is no need to put anything down. I just did an April lease for a GT with MRCC/FOW for $360 with only first payment due at signing. All fees and taxes were rolled into the payment. Of course, the money factors, residuals and pricing could change and that will impact the the lease though since it is marketed as a 2014, I wouldn't expect the residuals to change much in the near term.
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 791
    That's very good news, thank you for that info!

    I'm curious, what was the residual value (%) after 36 months? (Assuming that your lease is for 36 months)

    Also, how much mileage allowance is included in your lease? 10k, 12k or 15k/yr? Or some other amount?

    Again, I really appreciate the info! I just bought Leasing for Dummies (no kidding) and I'm determined to learn all the ins and outs of leasing! Every significant aspect of the buying and financing (loan) process are second nature to me. But I haven't dealt with leasing and I'm trying to make it much more difficult than it actually is....Analysis Paralysis, that is what I tend to do with almost everything- overthink it, get frustrated, give up briefly, overthink it harder.... =)

    So how much are you loving the car? What color did you get?

    BTW, on a less positive note...

    I was incredibly confused and equally disappointed when I saw the April Sales Figures released by Mazda yesterday. There were just 2,933 Mazda6 sales last month, for a YTD total of 13,884 (some of which are 2013 models). That’s 36% lower than April 2012 YTD Mazda 6 sales which totaled 21,665!

    I thought April would finally show a substantial increase for car, but it didn’t even reach 3,000 units!

    But then I went back and read the Press Release and found the answer-

    “The 2014 Mazda6 continues to exceed sales expectations (“aim low and you’ll never be disappointed) without any official advertising support of the vehicle thus far.”

    For the love of God, will they ever learn from experience (failure) after failure after....

    Isn’t doing the same thing over and over and over again, but expecting a different result the very definition of INSANITY???
  • gee22gee22 Posts: 82
    If you know what you're doing leasing can be very advantageous. I'm a CPA and I'm planning to write a book on auto leasing since many people don't realize that it may be right for them.
    Anyway, the residual is 60% for a three year lease with 12K miles per year. The April money factor was low, especially compared with what I was quoted in Feb. I would be paying over $50 more a month. Of course, I wouldn't be leasing the car if the money factor hadn't gone down. This is my ninth leased car and I don't even waste my time negotiating the price of the car unless I know the residual and money factor is favorable.
    I'm definitely enjoying the car. The woman who has the parking spot next to mine just got an Infiniti G37 and was bragging about the advanced technology it has (though it actually has less than our Volvo) and yesterday she noticed the Mazda. I blew her away when I told her about all the stuff the GT with MRCC has and she loved the way it looks. It's the Blue Reflex.
    Since I read countless reviews including the one in Consumer Reports which just came out a few days ago, I have had no surprises. The biggest negative, which I expected after reading reviews, is that the steering wheel is too slick which is ironic considering it gets good reviews for steering feel and feedback.
    Incidentally, Mazda will be kicking off a campaign for the 6 this summer.
  • samalisamali Posts: 12
    I had to back out last minute because dealers weren't to happy that my roomates registration didn't have our current address on it and he was out of town so I couldn't' hassle him!

    I lost patience and went w/ the Nissan Altima mid level trim. I can't help but wonder if I could have pulled of a good deal on the mazda 6 i touring model . The sport model in the end felt uninspired inside , but damn I still wonder if I should have bought it and had something unique
  • co_car_nutco_car_nut Posts: 5
    Hello...I am am getting ready to negotiate on a 6 lease, and I need some info, please. I'm looking at a 6 i, automatic, with a list price of $23,865. 36 month; 15k/year lease. First 'offer' from the saleman was $2800 down, and payment of $269/mo + tax. This did not pass my reasonableness test. When I asked what the residual and money factors were, he came back w/a 59% residual (which I think is standard/correct). The money factor he flashed real quick, and unfortunately, I failed to write it down!

    So, my question to you all is...what is the best money factor I could hope for, and is 59% sound right for the residual? Ultimately, I need some advice on what's the best monthly payment I could hope for, w/$0 down (r close to it!), 36 months, 15k/yr. My credit is good...about 750.

    Thanks for any help!
  • newman11newman11 Posts: 4
    Hello
    I am looking to lease 2014 Mazda 6 Grand touring with 12000 miles per year and was hoping if someone can help with guidance. This is my first lease so I want to make it simple and was thinking to offer all in amounts like:
    $2000 - down payment
    $1000 - mada incentive for current mazda owners
    This makes for a total of $3000 down inclusing all fees, aquisition, taxes, bla-bla.
    $240 x 35 months including mass tax of 6.25%.
    Do you think this can get me the GT?
    I will appreciate any advise/suggestions
  • gee22gee22 Posts: 82
    I don't know what doc and registration fees are like in Mass but even being conservative and including the Mazda loyalty and you putting some money down, I would think right now you would be short about $15 to $20 a month if you could get the car near or under invoice.
  • co_car_nutco_car_nut Posts: 5
    Hello amigos,
    Still looking for some advice, on my previous post, below. Thanks!

    Hello...I am am getting ready to negotiate on a 6 lease, and I need some info, please. I'm looking at a 6 i, automatic, with a list price of $23,865. 36 month; 15k/year lease. First 'offer' from the saleman was $2800 down, and payment of $269/mo + tax. This did not pass my reasonableness test. When I asked what the residual and money factors were, he came back w/a 59% residual (which I think is standard/correct). The money factor he flashed real quick, and unfortunately, I failed to write it down!

    So, my question to you all is...what is the best money factor I could hope for, and is 59% sound right for the residual? Ultimately, I need some advice on what's the best monthly payment I could hope for, w/$0 down (or close to it!), 36 months, 15k/yr. My credit is good...about 750.

    Thanks for any help!
  • nelphusmdnelphusmd Posts: 3
    Hey CarMan,

    Hoping you frequent the Mazda forum as you do the Ford. Fiance and I are both in need of cars and we're switching over from the Fords to Mazda's.

    Can you give us the lease factors on 36mo/12k in North Carolina for:

    1) Mazda6 Grand Touring

    2) Mazda CX-5 Touring

    you're the best CarMan, thank you!
  • newman11newman11 Posts: 4
    thanks for the info. one delaer wanted $420/36 month with 12000 miles, which I think is just way too much.
    In case I dont put any money down I was hoping to get the car for $350/36months - including taxes and fees and I think it is reasonable for the GT but the dealer didnt even want to hear.
    I read in this forum that someone gor the GT+FOO for $360/36 months including taxes.
    Do you think it is better to negotiate a lease with money or without money down? Really new to the lease and not sure how to approach this. Any suggestions?
    Thanks again
  • Hello!

    I currently lease a 2011 Acura TSX and am now looking at the 2014 Mazda Grand Touring. I currently pay $399/month to lease the Acura but I really like the Mazda. I need to know what I am looking at for a car payment for the Mazda either buying or leasing. If leasing I would need 15K miles/year and I live in Virginia. The Mazda was listed at around 31K and had him down to 28K. Can someone give me an idea of what I would be looking at paying either leasing or buying? I don't know what the residual is, I was hoping you could tell me.
    Acura is trying to keep me with them and put me in a new 2013 TSX for the same payment I pay now, $399.
    What do you think? Do you think it's possible to get the Mazda Grand Touring for less than $400? Or should I just stay with the Acura? (Acura as far less features than the Mazda) :(
    Honest opinions/thoughts please...
  • gene103gene103 Posts: 47
    First, if you got a price from the dealer, why are you asking us to tell you what you will need to pay? Why don't you just ask the dealer the monthly cost to buy or lease? We couldn't even help you if we wanted to - we don't know your credit and rates you would qualify for, the length of time you want to finance, the fees and taxes applicable to VA, etc.
    Second, you want to know if you can get it for $399. Have you read the recent posts? One person said they got $360 for one with MRCC and another said the dealer wouldn't accept $350 so it looks like mid 300's is the ballpark.
    Third, no way are you getting it for $28,000 unless you qualify for all incentives. Newman11's offer of $350 a month gives the dealer a lot more profit than your deal and it wasn't accepted.
  • gee22gee22 Posts: 82
    The less you pay at signing, the better. If your car is stolen or totalled, you lose everything you paid at signing so don't put any money down. I always put all the upfront costs into the lease (inception fees, doc fees, registration, etc.).
    Not sure what you mean by negotiating a lease with a down payment. When you are negotiating a lease, you are negotiating the price of the car and then applying the applicable money factor and residual to calculate the payment. The dealer won't care if you put any money down.
  • igozoomzoomigozoomzoom Waleska, GeorgiaPosts: 791
    I'm helping a friend of my mom find a good deal on a new lease before the lease on her current 2010 Infiniti expires at the end of this month! We were quoted $372/mo, $0/down, 12,000 miles per year on a 2014 Mazda6 Grand Touring.

    FYI, Acura currently has a great lease deal on the 2013 TSX 'Base' Automatic 4-door- $0 due at lease signing, $330/month for 36 months, but just 10,000 miles per year.

    If you step up to the TSX "Tech Pkg" it jumps to $400/month. So it's $70 more per month for Navigation and a stereo upgrade.
  • newman11newman11 Posts: 4
    Hi and thanks again. I have an offer on my 2009 Mazda6 and will be going to the dealer next week if eberything goes as planned.
    Do you know the residual and money factor on the new 6?
  • gee22gee22 Posts: 82
    My deal was done in April. At that time, the MF was .00045 and the residual was 60%. Since they are marketing the car as a 2014, I doubt the residual has changed. Good luck.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi co_car_nut. Chase's May buy rate lease money factor and residual value for a 36-month lease of a 2014 Mazda 6 in Colorado is .00055 for consumers who qualify for its top credit tier.

    I see that you are considering making a $2,800 down payment on your lease. I always advise consumers not to make large down payments on leased vehicles. Consumers who pay a lot of money at signing risk losing part or all of that money if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it's much safer to go with a zero down lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks nelphusmd. Mazda's May buy rate lease money factor and residual value for a 36-month lease of a 2014 Mazda6 Grand Touring with 12,000 miles per year in North Carolina are .00055 and 56% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2014 CX-5 Touring AWD are .00043 and 57%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_man do you have 10k and 12k mi per year on a Mazda 6 Sport AT in NY? Looking for money factor and residuals.

    Thanks in advance!
  • xasthurxasthur Posts: 5
    edited May 2013
    got a dealer offer for TOURING with TECH Package. MSRP ~$27,200...lease term is 36mo/10k miles... they want $328/mo with ~$1350 down(tax+1st mo).. is that a good?
    also they offered me $350/mo with the same down payment ~$1350 for the GRAND TOURING MSRP~$30,500.
    TIA
  • gee22gee22 Posts: 82
    If you viewed my post, you will see that I got the GT with MRCC for $360 in April. MRCC adds about $8 so I would be down to $352 without it. Mine would go down about another $12 if I did 10K mile per year so now I'm at $340. If you put the $1,000 for taxes into the lease, your payment would go to $380, so your lease would be $40 more than mine. Assuming the money factor and residual hasn't changed (do you know what they are for May?), then your dealer is making about $1,300 more than mine.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Absolutely wordsmith419. Chase's May buy rate lease money factor and residual value for a 36-month lease of a 2014 Mazda 6 Sport AT with 12,000 miles per year in New York are .00027 and 56% for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • gee22gee22 Posts: 82
    Car_man, I think you got it wrong for a 12K per year lease. The residual for the GT that I got last month was 60% so 56% for a Sport seemed low to me. I just visited
    http://www.driveamazda.com which is the site for NY/NJ/CT dealers and the Sport Automatic 12K lease has a residual of $13,974 which comes out to a 60% residual.
  • westisbestwestisbest Posts: 5
    CarMan, firstly: Thank You for your time spent helping others!

    Secondly, please provide me (and others) Southern California money factor and residual value for 24 and 36 month, 10k and 12k miles, on Mazda 6 Grand Touring.

    Love you! Thanks!
  • nelphusmdnelphusmd Posts: 3
    Hey Car_man and company,

    any idea what the Doc fees in North Carolina should be? (I'm getting a Mazda6 GT) Also, is Gap Insurance typically listed as a cost on the lease breakdown or automatically included?

    Acquisition Fee - 595
    Doc Fee - 489
    GAP - 595
    Title/Lic - 138.10

    Appreciate all the help guys!
  • gee22gee22 Posts: 82
    Some leases include GAP insurance and on others it's an add on. Leases through Mazda Capital Services (actually Chase) include GAP insurance so the dealer is trying to pull one over on you. I asked the dealer if GAP was included and he said yes (just like my old Subaru lease thru Chase) but you scared me for a second so I called MCS to confirm.

    According to truecar.com, average doc fee in NC is $478.
  • shellzshellz Posts: 33
    edited May 2013
    Sticker price was $31,190, which included the forward obstruction warning and radar guided cruise control. Dealer also threw in window tint and drove it in from Austin (gratis) since they didn't have one on the lot.

    Selling price was $29,568 (which they claim was invoice) less the $1000 owner loyalty (we just bought a CX5 last month). Total due at signing was $400 (first month's payment plus $4.20) for a monthly payment of $395.80, which includes Texas 6.25% car sales tax on the entire value of the car ($1863). Residual was 59%. Money factor was .00055. 12,000 miles a year, 36 months.

    If you're in the Houston area, I highly recommend Russell & Smith Mazda. This is the second car I've purchased from them in as many months. For both cars, I negotiated the price over phone and e-mail and just showed up to sign the paperwork, which took all of fifteen minutes. Very painless and almost enjoyable.
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