2014 Mazda3 Lease Questions

Michaell

@tneis said:
Hello - looking for August numbers for 2014 Mazda 3s GT Hatch and 3i GT Hatch. 3 years and both 10K and 12K miles. Dealer quoted me a MF of .00089 and a residual of .58, both seem off. Thanks! This is in VA.

3s GT - 59% for 12k

3i GT - 60% or 12k

Add 1% for 10k.

base MF is .00064.

Michaell

@sachal said:
Hi - Looking for numbers for a 2014 Mazda 3 i Grand Touring Hatch for 3 year 10K miles lease at MSRP 25,090, MF of .00081 residual of .60% in CA. There was not discount off of MSRP.

We don't yet have the regional numbers that include CA.

vlad_

Hi,

I am looking for the August numbers for a 2014 Mazda 3 ( S Touring hatch) with 10K/36m in NC.
In addition, it there a national promotion available right now where the first month is free?

Thank you much.

Michaell

@vlad_ said:
Hi,

I am looking for the August numbers for a 2014 Mazda 3 ( S Touring hatch) with 10K/36m in NC.
In addition, it there a national promotion available right now where the first month is free?

Thank you much.

59% and .00064.

Use the shopping tools at the top of the page to determine current incentives.

vlad_

Thanks you.

miatazoomzoom

Great questions and answers throughout this forum. Thanks! I'm looking at doing a 36 month / 10k lease on an sGT+Tech Hatchback. Given that Mazda doesn't appear to have changed the Residual over the past year, but has lowered the money factor, any downside from jumping into one now, rather than waiting for a 2015 model? I'm fine with the automatic, and not waiting for a 2.5L + MT coming in the 2015...

Michaell

@miatazoomzoom said:
Great questions and answers throughout this forum. Thanks! I'm looking at doing a 36 month / 10k lease on an sGT+Tech Hatchback. Given that Mazda doesn't appear to have changed the Residual over the past year, but has lowered the money factor, any downside from jumping into one now, rather than waiting for a 2015 model? I'm fine with the automatic, and not waiting for a 2.5L + MT coming in the 2015...

What state? We only have partial numbers from Mazda for August.

I don't track the RV trends, so I'll have to trust you when you say that the RV hasn't changed, but the MF has over the past few months.

The lower MF will give you a lower payment ... however, the 2014's are getting more scarce, so finding one equipped the way you want, in the color you want, may be a bit of a challenge the longer you wait. There will be more 2015's on the lot, but the MF may be higher. As well as the MSRP.

miatazoomzoom

Thanks Michael. I'm on OR, and I think you are missing the West numbers at this point, so I'm only speculating on the August MF and RV. From an answer on this forum from last september, I recall the MF was something like .00221, rather than .00064 as it is now, so now it's close to 1/4 of what it was early in the 2014 MY. I definitely like the idea of a 2015 if I keep it, and then sell in 5-6 years, as a "year newer" car will have greater perceived value in the resale market, but I'm working with my dealer on pretty compelling numbers for a 2014, and I think they can find what I'm looking for in the region. Going through Costco, I'm looking at something well below dealer "invoice", and now trying to figure out just what the lease terms are so I can make my decision... Thanks again for all your great assistance!

Michaell

@miatazoomzoom said:
Great questions and answers throughout this forum. Thanks! I'm looking at doing a 36 month / 10k lease on an sGT+Tech Hatchback. Given that Mazda doesn't appear to have changed the Residual over the past year, but has lowered the money factor, any downside from jumping into one now, rather than waiting for a 2015 model? I'm fine with the automatic, and not waiting for a 2.5L + MT coming in the 2015... I'm in Oregon

Actually the "regions" as Mazda defines them have nothing to do with geography.

We do have the numbers for Oregon. 59% residual and .00064 MF for 2014 3s GT Hatchback for 36/10.

ms__spyte

good morning - looking for numbers for a 2014 Mazda 3 i Grand Touring Sedan for 3 yr/12k miles lease in NY - MSRP $24,590.
I've been shopping around, and "Upstate" around Albany quoted me at a higher price than "downstate" near Poughkeepsie for the same vehicle - are there regional differences in NY? Thanks!

Michaell

@ms__spyte said:
good morning - looking for numbers for a 2014 Mazda 3 i Grand Touring Sedan for 3 yr/12k miles lease in NY - MSRP $24,590.
I've been shopping around, and "Upstate" around Albany quoted me at a higher price than "downstate" near Poughkeepsie for the same vehicle - are there regional differences in NY? Thanks!

3i GT 36/12 - 56% for automatic; deduct 2% for manual. MF is .00035.

I imagine the price difference may be due to the amount of competition in the area.

ms__spyte

Thanks @Michaell ! Upstate quoted me with 2k down at $270/mo for a lease, but downstate quoted me at $245 without any negotiations. I feel like "downstate" may have more competition, so you're probably right with that assumption. Can anyone comment on whether this sounds like a good deal, or if anyone has had problems with leasing Mazdas (ie, issues with paying for damages/repairs within the lease term, etc)? First-time leasing, so I just want to cover my bases.

Michaell

@ms__spyte said:
Thanks Michaell ! Upstate quoted me with 2k down at $270/mo for a lease, but downstate quoted me at $245 without any negotiations. I feel like "downstate" may have more competition, so you're probably right with that assumption. Can anyone comment on whether this sounds like a good deal, or if anyone has had problems with leasing Mazdas (ie, issues with paying for damages/repairs within the lease term, etc)? First-time leasing, so I just want to cover my bases.

What was the negotiated selling price? We can model a payment and see if the dealer is trying to inflate the MF on you or not.

bigee1212

I need help determining whether or not I have a good lease deal since I do not know the money factor or residual of this vehicle.

Mazda 3 S Grand Touring 5 Door in Deep Crystal Blue. MSRP: 27,345.
36 months/15k miles. State: New York

$500 recent college grad incentive. First month is waived.
$0 down. Taxes and all fees rolled in comes to:

$350.13/month totaling roughly 12,250 over the 35 month period.

The dealer says the cap cost is $26,579. Please advise, I'd like to know if this is a good deal as this particular trim/color is coming off of the port in a few days, so no one has test driven it... It's brand new!. Thank you.

Michaell

@bigee1212 said:
I need help determining whether or not I have a good lease deal since I do not know the money factor or residual of this vehicle.

Mazda 3 S Grand Touring 5 Door in Deep Crystal Blue. MSRP: 27,345.
36 months/15k miles. State: New York

$500 recent college grad incentive. First month is waived.
$0 down. Taxes and all fees rolled in comes to:

$350.13/month totaling roughly 12,250 over the 35 month period.

The dealer says the cap cost is $26,579. Please advise, I'd like to know if this is a good deal as this particular trim/color is coming off of the port in a few days, so no one has test driven it... It's brand new!. Thank you.

2014 or 2015?

With your numbers, the pre-tax payment on the 2014 (57% RV and .00031 MF) I get a pre-tax payment of $347.07.

For the 2015, the numbers change to 60% and .0039 - this makes the pre-tax payment $342.31.

NY calculates is tax for the entire lease up front; you are choosing to add it to your cap cost. Not sure if the $26,579 is before or after tax. If after, then you should target the numbers I provided above. If before, then the $35/mo seems a decent deal.

ms__spyte

@bigee1212‌
How did you get the first month waived? I need to learn more lease negotiation..

bigee1212

2014 or 2015?

"With your numbers, the pre-tax payment on the 2014 (57% RV and .00031 MF) I get a pre-tax payment of $347.07.

For the 2015, the numbers change to 60% and .0039 - this makes the pre-tax payment $342.31.

NY calculates is tax for the entire lease up front; you are choosing to add it to your cap cost. Not sure if the $26,579 is before or after tax. If after, then you should target the numbers I provided above. If before, then the $35/mo seems a decent deal."

2014. That cap cost is before tax, the tax was about 1100 something. So the deal seems pretty good.

First month waived is a Mazda thing for leasing they offered I didn't ask.

miatazoomzoom

Am I reading that right? For 2015, the MF is taking a huge bump? For Oregon, 2014 sGT is MF=.00064, and obviously, going to something like .0039 (+.0005 that the dealer is likely to add on), means adding something like 5000 to the cost of the lease over 3 years. I'm thinking a 2014 might make more sense, or just buy a 2015.

Michaell

@miatazoomzoom said:
Am I reading that right? For 2015, the MF is taking a huge bump? For Oregon, 2014 sGT is MF=.00064, and obviously, going to something like .0039 (+.0005 that the dealer is likely to add on), means adding something like 5000 to the cost of the lease over 3 years. I'm thinking a 2014 might make more sense, or just buy a 2015.

I think the MF on the 2015's is currently higher so as to help move the 2014 stock. Once the 2014's are gone, I wouldn't be surprised to see the MF on the '15's come down.

ms__spyte

Can someone let me know if this is a good deal? It seems a bit high for my calculation, but I'm very new to this process. I should mention he originally quoted me at 22,915:

MSRP: 25,045
Discount: -2,095
Sale Price: ****22,950
Admin Fee: 75, Licence/Title: 200, Tire/Battery: 12.50, Other: 10
Acquisition Fee: 595
Tax: 796.04
Total Cap: ****24,638.54
Down Payment: -720.86
Net Cap: ****23,917.68

36 Mo Payment: 279.14

Rate: 0.00001
Annual Miles: 12,000
Residual% [25,045]: 55+1=56%
Residual Amount: 14,025.20
Tax:8%

ms__spyte

**For a 2014 Mazda3 i GT (Automatic) in NY

Michaell

@ms__spyte said:
Can someone let me know if this is a good deal? It seems a bit high for my calculation, but I'm very new to this process. I should mention he originally quoted me at 22,915:

MSRP: 25,045
Discount: -2,095
Sale Price: ****22,950
Admin Fee: 75, Licence/Title: 200, Tire/Battery: 12.50, Other: 10
Acquisition Fee: 595
Tax: 796.04
Total Cap: ****24,638.54
Down Payment: -720.86
Net Cap: ****23,917.68

36 Mo Payment: 279.14

Rate: 0.00001
Annual Miles: 12,000
Residual% [25,045]: 55+1=56%
Residual Amount: 14,025.20
Tax:8%

Using your numbers, I get a payment of $275.17, so pretty close to the quote from the dealer.

idreamofbenz

Hi, could I please have the lease #s for 36/12k on the 5 door i GT & s GT in Texas ?

Michaell

@idreamofbenz said:
Hi, could I please have the lease #s for 36/12k on the 5 door i GT & s GT in Texas ?

iGT - 59%

sGT - 58%

.00064 MF for both.

idreamofbenz

@Michaell said:
.00064 MF for both.

Thank you!

If I could negotiate approx 1.5k off a iGT or 2k off a sGT, how would I go about putting together an offer for the dealer?

Here's an example offer I came up with so there's probably mistakes. I calculated this with TTL separate. I added $595 acquisition fee to the "costs added to lease", that was a guess based on what I've seen elsewhere.

MSRP 24295 (iGT)
Base Cap Cost 22795 (If I can negotiate 1.5k off sticker)
Costs added to lease 595
cap cost reductions 0
adjusted cap cost 23390
residual value 14334
money factor .00064
term 36 months
sales tax % 0

Monthly Payment $275.70
Depreation 9056
Finance (rent) charge 869
Total sales tax 0

Total of all payemnts 9925
total lease cost 9925

Is this in the ballpark? If I were to add in sales tax how do I do that? The calculator made it sound that I should only add that # if the tax is calculated on each payment, but in TX tax is charged on the entire purchase.

Lastly, are there standard title, license and other fees so I know if the dealer is gauging me?

idreamofbenz

Oh, I forgot to add the destination fee to the MSRP..that changed the monthly payment for me to $289.29. (MSRP 25390 Base Cap cost 23890)

Michaell

@idreamofbenz said:
Lastly, are there standard title, license and other fees so I know if the dealer is gauging me?

Tax is calculated on the entire selling price in TX and is added to the cap cost up front.

Use the pricing tools at the top of the page to determine your target price.

Mazda has a standard acq fee of $595. Check the TX DMV website for other fees that can be charged by the dealer.

idreamofbenz

@Michaell said:

If I paid TTL up front, does the above calculation look ok?

Michaell

@idreamofbenz said:
If I paid TTL up front, does the above calculation look ok?

If I use $24,295 as the MSRP, $23,890 as the net cap cost, along with a 59% residual and .00064 MF, I get a payment of $289.91/mo for 36 months.

mjrych888

Hello, I am looking for lease numbers on a 2014 iGT manual hatchback in upstate (western) NY, 36/10k.

Also, does anybody know about when the 2015's will arrive? I ask because I ordered this car on April 1st and was told it would be a 2015. It showed up yesterday (after 4.5 months!) as a 2014 and the dealer is telling me the 15's won't be out until end of the year.