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Current money factor for KS

billsbuddiebillsbuddie Posts: 41
edited December 2013 in Mazda

Hi, I am looking to lease a 2014 Mazda 6 with an MSRP of 25,785. There is a "special lease" for 39 months @ 12,000 miles per year. Do you have the December 2013 residual and money factors for Kansas?

Thank you for your help.

Comments

  • kyfdxkyfdx Posts: 56,359

    .00031 MF.. Residuals vary from 53% to 57%, depending on trim line.

    Grand Touring = 57%

    Touring Automatic = 55%

    kyfdx

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  • Thanks for the info, kyfdx. I did a deal yesterday on a Mazda 3 Touring. It was a bit of a "Chinese Fire Drill". I think the car is great and it was at a dealer that I have trusted for many years, I have bought 7 Mazdas from them over the years.

    There was a lot of confusion over the interest rate for a loan, I was told .9 but then after I signed the papers was told that rate was not available. After a long afternoon I agreed to a lease and signed the papers and brought the car home.

    I was not happy with the terms so I checked to see if there was a response to my question about Money Factors. It turned out that they had written my lease for .0015, way higher than the MF that you indicated.

    I called them with my displeasure. They denied that number was even on their list. I told them that I was bringing the car back unless they could improve that deal. They came up with 1.9% money on a loan and I took it.

    There was a day when someone that left the car lot with a car was stuck with the results, today there may be a way to get things fixed after the fact.

    Thanks for your help.

  • kyfdxkyfdx Posts: 56,359

    Well.. a Mazda3 is not a Mazda6.. so, the programs are not the same..

    The money factor on a 36 month lease of a Mazda3 is .0010, so it appears they marked up this money factor the maximum .0005, just like the other one...

    kyfdx

    MODERATOR

    Prices Paid, Lease Questions, SUVs


    Need help picking out a make/model, finding inventory, or advice on pricing? Talk to an Edmunds Car Shopping Advisor

  • I see now that I misspoke on my original request, I was looking for a Mazada 3. It makes me feel a bit better because the GM told me they did not have that number on their sheet and he was likely telling me the truth if he was looking at a Mazda 3 sheet. He was a bit sheepish when I called to complain so he knew they had maxed out the MF on the lease I signed, he did not appreciate being caught by one of his "best customers", as he calls me.
    It worked out for the best I think, in my circumstances buying makes much more sense than leasing.
    Again, thanks for your help.

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