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Car_man
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P.S. I'm jealous of your short commute
Car_man
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As far as what to expect for this car's lease program goes, Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda6 s Grand Touring Wagon with 15,000 miles per year are .00116 and 51%, respectively. If you only need 12,000 miles per year, this car's residual value would be 2% higher. Unfortunately, Mazda does not have a 12,500 mile per year option. If you really drive that much, you will either have to lease with 12k and pay an excess mileage fee at lease-end or just lease with 15k. When negotiating your lease on this vehicle, keep in mind that Mazda is currently providing $2,500 lease cash on 2007 Mazda6 Wagons. This cash will help you to negotiate a very attractive capitalized cost for your lease.
Car_man
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Hmm lots to think about.
By comparison I was offered the following lease on a different car that I'd previously thought outside my range:
Merc 2006 R500
Black/ Macadamia Leather
18'' Wheels
317 Comfort Package
318 Trim Package
320 Entertainment Package
324 Sunroof Package
MSRP: $60,630
Capcost: $52,900
Residul: $40,623
Lease option: 27 months, 12K miles per year, $4,999 drive off (including 1st monthly payment) monthly payments @ $370 plus fee's "tax" = $399.99 monthly.
Which seems a great offer or am I being gullible?
~ Steph
I'm looking to do the 24 month lease on the Speed6 GT. Standard 12k miles, etc.
Thanks...
Ed
I'm just learing the arcana of leasing and do not want to get taken. How much do I truly have to pay in upfront taxes and fees? (I'm in CT, but can travel to any nearby state to purchase/lease a vehicle).
(no security deposits, no cap cost reductions, etc.)
My monthly payment brokedown as follows:
Base payment (depreciation): $287
Monthly interest (MF: .0013): $58
Other fees amortized over lease (acquisition document fees and MA excise tax): $59
Tax (5%): $20.44
Total: $424.44
In MA we have an annual excise tax, which is calculated off MSRP. Some leases don't include this, Mazda does - this is about $830 for the 2 years of the lease. The acquisition fee of $595 is charged by Mazda leasing for doing the financing/lease paperwork - this is a negotiable fee.
Good luck.
On a previous Mazda corp internet ad, I saw upfront payment of about 800 more in CT than in other states. Now, on Mazda's page I see "Leases are not available through Mazda American Credit for customers and dealers in New York State" (this page:) http://www.mazdausa.com/MusaWeb/displayPaymentEstimator.action?vehicleCode=MS6&m- odelYear=2006
I have no problem with a scenic drive to any NY/NE state to save $800.
Can you reccomend an online or print guide to leasing? It seems that there are quite a few caveats regarding it; fees tacked on upfront, potential liabilities at lease end, and possibly difficulties purchasing the vehicle at lease end (harder to finance a used car).
Still, I'm attracted to a lease for 2 reasons: 1, the model I'm looking at (Speed6) has unsold 2006 inventory, and the mfr will probably subsidize the lease to move the last few, and 2 I want to use the savings from a lower monthly payment to reduce other debts. Leasing does appear better suited to a business than an individual buyer for the most part.
thanks
I drove a 2007 Mazda 6 i Value Edition Automatic yesterday in Maryland and was very impressed. Looking to do a 3 year lease with 15K miles/year on a Value Edition or Touring 4 cylinder and am being told that the residual is 54% and MF is 0.00299 from MAC. The dealer figured in the $1500 MAC cash for leasing when proposing a monthly "sign and drive" payment with tax and fees rolled in. Deposit ($350) and first month due at signing. Payments weren't too bad, but suspect the MF is high.
First car is a 2007 Mazda 6 IVE Auto, MSRP $20925, delivered $19999 before MAC cash.
Also interested in a 2007 Mazda 6 Touring Auto, MSRP $23015, delivered $21949 before MAC cash.
What is the expected MAC residual and MF for these cars? I'm looking to do the buy before 11/30 for the MAC cash. Thanks very much!
Car_man
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Car_man
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Car_man
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Car_man
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As far as this car's lease program goes, Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda6 i Sport VE with 10,500 miles per year are .00280 and 66%, respectively. It is difficult to say if any independent bank out there has a more attractive lease program than this on this model. If you were to lease through an independent bank, you would lose out on any bonus cash for deals through Mazda Credit, but you would be able to take advantage of any normal customer cash that is available, when you wouldn't have been able to on a Mazda Credit lease.
Car_man
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Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Mazda6 i Sedan Value Edition with 15,000 miles per year are .00245 and 54%, respectively.
Car_man
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Has the lease rates for December change much? I am looking for a 36 month lease and 12k miles per year. Also, what kind of rebates can I expect when purchasing with a lease.
Thanks,
FeDriver
Car_man
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You are a god send.
It's the beginning of the new year I'm looking at leasing a 2006 Mazda Mazda6 4dr Sedan s Sport. I need to know the residual, money factor, and any lease rebates/dealer cash that would apply to this vehicle. I'm looking at a 36mo/15k lease with nothing out of pocket.
Also, in your opinion, is a lease or purchase stronger on this vehicle? The salesperson I was dealing with today seemed to think that leasing wasn't even worth looking at and the buy was stronger. He was saying I should buy with rebates ($2750) plus take the high rate from Mazda (~9%) to get the financing rebate ($1000). Then refinance 3 months down the road with my own credit union. He seemed to be pushing this approach and it sounds like a crock of crap to me.
Thanks!
Nick
As far as these cars' lease programs go, Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Mazda6 Sedan s Touring with 15,000 miles per year are .00240 and 48%, respectively. The numbers for an otherwise identical lease of a 2007 Mazda6 Sedan s Grand Touring are .00240 and 46%.
Car_man
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Car_man
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Is that a decent deal? And should I be negotiating it further? How can I find out things like the residual and money factor for current leases?
In my area there is a dealership offering 8k off the 2 remaining ms6gt's they have in stock. The one I am looking at msrp s at like 31600. I am looking at leasing for 2 years and 12 or 15k. I am pretty sure they will honor the discount in the ad, but I was trying to get a feel for money factor and residual before I get down to brass tacks. I do not know where to find that on my own. I also would hope Mazda Credit would help with the lease for a better money factor.
Thanks
2007 Mazda6 Sports Value Edition
MSRP 21125
Offered price 16995
MF .0029
65% residual
There's a 1801 security deposit which I'm not thrilled with, but I can tolerate. 199 for the first month's payment, plus since I'm in Illinois, you have to pay taxes on the entire care which comes out to 1387. 143 for plates as well.
So I'm putting out 3530 up front, but I'll be getting back the 1800 from the security deposit on the back end.
When all is said and done, it's 199/month for a 27 month lease.
Seems like a good deal to me. Any thoughts or advice??
I haven't actually ever posted on the forum, however your information I have used in numerous of my previous car purchases. So I wanted to thank you prior to asking this question. What is the residual and money factor on a 2007 Speed6 Grand touring with 15000 miles a year. In addition, what are the current factory incentives being given?
Thanks,
Brian
Car_man
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Car_man
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Car_man
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You've helped me with my last few leases, and I want to extend another big thanks for that!
Currently, I am looking for a lease on a 2007 Mazda 6i Sport Value Edition with a manual transmission. I want a 10.5k mile/yr lease with $0 down, but I'm trying to determine the best term length to go for to get the lowest monthly payment possible. Anything between 27 and 48 months will do.
All I need are money factors and residuals and I can at least spare you the math. I think the 27 mo. numbers are 65% and .00261, but I'm unsure of the longer terms (36, 39, 42, 48?). Do any of these terms have numbers that might make for lower payments?
I also have a question on the lease cash for this car. A local ad (Pittsburgh, PA) last week said $1000 customer cash and $1000 MAC, but you (above) and the Mazda website say the MAC is only $500 for this month. Which is correct?
Sorry to take up so much of your time with all these questions. I greatly appreciate your help.
Many Thanks!
We went ahead with the lease. I had the numbers a little wrong. It seems the automatic Mazda 6i VE had a 27 month residual of 65%, but the manual's residual was only 63%.
To bring our monthly payment down a bit, we decided to go with a 48 month lease. The residual was 46% and the MF was .00254. Total rebates on the car came to $1500.
I was also unable to find out anything about an acquisition fee, but it seems there is one for $595 (assuming I wasn't being deceived). I accepted it, in any case.
The purchase price of the car was $16,900 (a pretty good deal, I thought), and with the acquisition fee rolled in, the total came to $238.XX/month (I don't have the # in front of me at the moment) before tax with no money down.
Our up-front costs came to $420 for first month's payment and title fees. I've gotten better lease deals in the past, but I found this one completely satisfactory.
We had a very pleasant experience with Rohrich Mazda (e-mailed them my offer) after getting jerked around at Hamilton Mazda more than I cared to tolerate.
We really like the car a lot. Although we wanted to pay less per month, the Mazda 6 is a lot of car for $16,900.
Best Regards,
Wagagog
Do you know if there are any lease incentives on the Mazda 6 right now? I see the $2500 on the mazda speed 6 you mention above, but it is not listed on the incentives and rebates site (perhaps it has expired?). I am interested in the mazda 6 i VE sedan, please let me know if you know of any lease incentives. thanks!
With the $3,500 incentive plus $1,000 car show incentive, the dealer advertised price is great, but the dealer takes the incentives off of the sticker price. I always negotiate to buy at or below invoice price. Shouldn't the dealer start below sticker price then subtract the incentives? Can they even go that low?
I'm looking at an advertised 6i sedan VE for $16,488, which is $4,600 below sticker, but I always figure they leave haggle room on their advertised prices.
I'm still undecided on whether to buy or lease one.
Car_man
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Car_man
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Car_man
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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 ??
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 !!
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.
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..
THanks!
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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Car_man
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