Dealer in los angeles county claims residuals are 54% for touring 2015 and 52% for 2014 Can mazda dealers inflate residuals? he said that 60% is kinda high which i do agree. but 54% does sound just too low. also i got a quote for buying the car first, he claims that quote is for buying only, can dealers pull out like that from a selling price after you negotiate and tell them oh, you know what i wanna lease it. let me have that price and lets calculate residuals off of it. Thanks.
Dealers are not allowed to adjust residuals, but they can use a different finance company for the lease that has different numbers from what we're quoting.
because he claimed that it was for chase financing, also truecar calculates the same 60% residual through chase. otherwise which finance bank did you get your numbers from? also can you guys give some input about dealers selling price under invoice is it possible for leases too? if so how can they profit? do they still get 2% holdback for lease?, is it usual for the dealer to back off the price for "finance" since suddenly theres no bonus from finance dept suddenly. Thanks.
because he claimed that it was for chase financing, also truecar calculates the same 60% residual through chase. otherwise which finance bank did you get your numbers from? also can you guys give some input about dealers selling price under invoice is it possible for leases too? if so how can they profit? do they still get 2% holdback for lease?, is it usual for the dealer to back off the price for "finance" since suddenly theres no bonus from finance dept suddenly. Thanks.
Yes, the numbers we quote are from Mazda Financial (aka Chase).
Holdback applies to lease deals as well.
There may be different incentives for purchase vs. lease that affect the price at which the dealer is willing to sell the car.
I apologize...left off other info. 36 mo/15,000 mi, Northeast Tennessee. Specific car is Soul Red...I believe that's a slight add-on to the MSRP. Great info in this thread, BTW. Thanks!
I apologize...left off other info. 36 mo/15,000 mi, Northeast Tennessee. Specific car is Soul Red...I believe that's a slight add-on to the MSRP. Great info in this thread, BTW. Thanks!
Hello, could you tell me the MF and residual for 2015 Mazda3 i Touring AT sedan (w/ tech package, if that matters), 10k/yr, 36mo, in northeastern OH (Cleveland/Akron/Youngstown)? Thanks!
Hello, could you tell me the MF and residual for 2015 Mazda3 i Touring AT sedan (w/ tech package, if that matters), 10k/yr, 36mo, in northeastern OH (Cleveland/Akron/Youngstown)? Thanks!
Hello - may i please have the residual and MF for a 2014 Mazda S Grand Touring (Soul Red) with the GT Technology Package? 24 month / 24k miles and 36 month/36k miles. This would be in North Carolina. And forgot to mention $0 down. Thank you.
Hello - may i please have the residual and MF for a 2014 Mazda S Grand Touring (Soul Red) with the GT Technology Package? 24 month / 24k miles and 36 month/36k miles. This would be in North Carolina. And forgot to mention $0 down. Thank you.
Hello - may i please have the residual and MF for a 2014 Mazda S Grand Touring (Soul Red) with the GT Technology Package? 24 month / 24k miles and 36 month/36k miles. This would be in North Carolina. And forgot to mention $0 down. Thank you.
Hello - may i please have the residual and MF for a 2014 Mazda S Grand Touring (Soul Red) with the GT Technology Package? 24 month / 24k miles and 36 month/36k miles. This would be in North Carolina. And forgot to mention $0 down. Thank you.
Hi there- could you provide the money factor and residual for a 2015 Mazda 3 Grand Touring 4 door sedan automatic for 36/12mi lease in Northern California?
Hi there- could you provide the money factor and residual for a 2015 Mazda 3 Grand Touring 4 door sedan automatic for 36/12mi lease in Northern California?
i : .00013 MF and 55% residual s: .00013 MF and 54% residual
Thought I'd share my experience leasing a 2015 Mazda 3i Sport Sedan (2.0L with A/T) for my brother today. 36 months, 12k miles/year, Cleveland, OH, Tier 1 credit
MSRP: 20,315 (no extra options) Residual: 61% Money Factor: .00013 Negotiated the price of the car down to $19,445 (a little below invoice price of $19,731, and below TrueCar's guaranteed price in my area) Used $200 lease cash and $500 Cleveland Auto Show incentive to take cap cost down to $18,745 Mazda has a $595 standard acquisition fee, and I added $400 in various title and doc fees to the cap cost (negotiated down from a ridiculous $700 at first)
Final cap cost comes out to $19,740
Calculating it all out, the monthly payment breaks out to: $204.11 for depreciation $4.18 for interest $16.66 tax (8% sales tax where we live) for a total monthly payment of $224.95 with absolutely 0 out of pocket.
Pretty pleased with the negotiation (handled it all over email and was in and out of the dealership in under 90 minutes). This forum has been extremely helpful for me in the past and wanted to share my experience in detail with others.
Thought I'd share my experience leasing a 2015 Mazda 3i Sport Sedan (2.0L with A/T) for my brother today. 36 months, 12k miles/year, Cleveland, OH, Tier 1 credit
MSRP: 20,315 (no extra options) Residual: 61% Money Factor: .00013 Negotiated the price of the car down to $19,445 (a little below invoice price of $19,731, and below TrueCar's guaranteed price in my area) Used $200 lease cash and $500 Cleveland Auto Show incentive to take cap cost down to $18,745 Mazda has a $595 standard acquisition fee, and I added $400 in various title and doc fees to the cap cost (negotiated down from a ridiculous $700 at first)
Final cap cost comes out to $19,740
Calculating it all out, the monthly payment breaks out to: $204.11 for depreciation $4.18 for interest $16.66 tax (8% sales tax where we live) for a total monthly payment of $224.95 with absolutely 0 out of pocket.
Pretty pleased with the negotiation (handled it all over email and was in and out of the dealership in under 90 minutes). This forum has been extremely helpful for me in the past and wanted to share my experience in detail with others.
Thanks for your help!
Thanks for sharing your details, and hope your brother enjoys his new Mazda!
Complete novice here. No clue how to figure MF or residual value. Heres the deal. Queens NY Mazda 3i grand touring price 23,586. With everything moonroof, navigation, rear camera, lane change alert, 4 months sirius. Lease for $239 month 36 months 10k milage. Worth it or not???? What else should I be asking this guy?
Complete novice here. No clue how to figure MF or residual value. Heres the deal. Queens NY Mazda 3i grand touring price 23,586. With everything moonroof, navigation, rear camera, lane change alert, 4 months sirius. Lease for $239 month 36 months 10k milage. Worth it or not???? What else should I be asking this guy?
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Dealers are not allowed to adjust residuals, but they can use a different finance company for the lease that has different numbers from what we're quoting.
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because he claimed that it was for chase financing, also truecar calculates the same 60% residual through chase.
otherwise which finance bank did you get your numbers from?
also can you guys give some input about dealers selling price under invoice is it possible for leases too?
if so how can they profit? do they still get 2% holdback for lease?, is it usual for the dealer to back off the price for "finance" since suddenly theres no bonus from finance dept suddenly.
Thanks.
Holdback applies to lease deals as well.
There may be different incentives for purchase vs. lease that affect the price at which the dealer is willing to sell the car.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00078 MF and 56% residual.
Subtract 2% for manual transmission
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1. Mazda 3 Hatchback 2015 sGT MT or AT 10k/36m
2. Mazda 3 Hatchback 2015 iGT MT or AT 10k/36m
iGT - 58% and .00046. Subtract 1% for MT
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Also, are there any lease incentives?
Thanks in advance!
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.00013 MF and 60% residual. $360 lease cash.
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.00013 MF and 60% residual. $360 lease cash.
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36Months/ 15K/YR
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.00013 MF and 53% residual
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.00040 MF and 51% residual
.00047 MF and 58% residual
$1700 lease cash
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s: .00013 MF and 54% residual
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36 months, 12k miles/year, Cleveland, OH, Tier 1 credit
MSRP: 20,315 (no extra options)
Residual: 61%
Money Factor: .00013
Negotiated the price of the car down to $19,445 (a little below invoice price of $19,731, and below TrueCar's guaranteed price in my area)
Used $200 lease cash and $500 Cleveland Auto Show incentive to take cap cost down to $18,745
Mazda has a $595 standard acquisition fee, and I added $400 in various title and doc fees to the cap cost (negotiated down from a ridiculous $700 at first)
Final cap cost comes out to $19,740
Calculating it all out, the monthly payment breaks out to:
$204.11 for depreciation
$4.18 for interest
$16.66 tax (8% sales tax where we live)
for a total monthly payment of $224.95 with absolutely 0 out of pocket.
Pretty pleased with the negotiation (handled it all over email and was in and out of the dealership in under 90 minutes). This forum has been extremely helpful for me in the past and wanted to share my experience in detail with others.
Thanks for your help!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Does the $239 quote include tax?
how much is due at signing?
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