2016 Mazda6 Lease Questions

davenfl

Can you list the RV and MF numbers for AT Sport and Touring 36/12 and 33/12 in Florida. Also, is the $650 lease cash still available?

kyfdx

davenfl said:

Can you list the RV and MF numbers for AT Sport and Touring 36/12 and 33/12 in Florida. Also, is the $650 lease cash still available?

33/12: .00001 MF and 60% residual. For either model

36/12: .00030 MF and 58%/57% residual for Sport/Touring

$650 lease cash on all.

volnedan

Did the numbers change for October? 36/12 or 33/12 for Touring (Auto) and GT in MI please.

ROMIL

Please post MF/Residual for a 2016 Mazda6 GT in NV for 36/15K.

Michaell

volnedan said:

Did the numbers change for October? 36/12 or 33/12 for Touring (Auto) and GT in MI please.

33/12 are better numbers this month:

.00001 and 60% (Touring) or 59% (GT). $650 lease cash.

Michaell

ROMIL said:

Please post MF/Residual for a 2016 Mazda6 GT in NV for 36/15K.

54% and .00030. $650 lease cash.

33/15 numbers are better - .00001 and 57%

riswami1

I would appreciate some help with the following:

2016 Mazda6 Grand Touring; sticker price 33,745, car has remote start and the Tech package.

Need the following information:

Residual and money factor.

I have been quoted a monthly payment for 33/15k - $354 which includes taxes. The following numbers are in this calculation:

Net Cap Cost 30,689. This dealership is using a MF of .00001.

This price also includes no money down.

My calculations do not support this monthly payment; I am higher.

I qualify for Mazda loyalty (750) which should be in this calculation.

I have asked this dealership to provide me the details in writing.

Again, any help would be appreciated.

riswami1

Referencing the post above - I live in Rhode Island.

Michaell

riswami1 said:

I would appreciate some help with the following:

2016 Mazda6 Grand Touring; sticker price 33,745, car has remote start and the Tech package.

Need the following information:

Residual and money factor.

I have been quoted a monthly payment for 33/15k - $354 which includes taxes. The following numbers are in this calculation:

Net Cap Cost 30,689. This dealership is using a MF of .00001.

This price also includes no money down.

My calculations do not support this monthly payment; I am higher.

I qualify for Mazda loyalty (750) which should be in this calculation.

I have asked this dealership to provide me the details in writing.

Again, any help would be appreciated.

.00001 and 57% for 33/15 on the 6 GT.

Using your MSRP and net cap cost, I get a payment of $318.68/mo + tax.

Confirm the net cap cost - to get to $354/mo the tax rate would have to be 11%, which I'm pretty sure isn't the case in RI.

ibreslin

numbers for sport, 33/10 in texas please?  

actually 42/10 too. just got a quote on that weird deal. 

kyfdx

ibreslin said:

numbers for sport, 33/10 in texas please?  

actually 42/10 too. just got a quote on that weird deal. 

Assuming automatic.

.00001 MF and 61% residual
.00030 MF and 57% residual

$650 lease cash

Considering taxes in Texas, that 42 month term might be really good.

ibreslin

kyfdx said:

ibreslin said:

numbers for sport, 33/10 in texas please?  

actually 42/10 too. just got a quote on that weird deal. 

Assuming automatic.

.00001 MF and 61% residual
.00030 MF and 57% residual

$650 lease cash

Considering taxes in Texas, that 42 month term might be really good.

I've learned so much about leasing on these forums in the last two weeks.

There's another one right there, if you're in a state paying taxes on full price, you're better of getting a longer lease. Correct?

Thanks!

curioustx

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

Michaell

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

Michaell

ibreslin said:

kyfdx said:

ibreslin said:

numbers for sport, 33/10 in texas please?  

actually 42/10 too. just got a quote on that weird deal. 

Assuming automatic.

.00001 MF and 61% residual
.00030 MF and 57% residual

$650 lease cash

Considering taxes in Texas, that 42 month term might be really good.

I've learned so much about leasing on these forums in the last two weeks.

There's another one right there, if you're in a state paying taxes on full price, you're better of getting a longer lease. Correct?

Thanks!

I would think so ... gives you more payments to amortize the tax hit.

So long as the residual and MF aren't terribly higher than a shorter term.

curioustx

When you ask selling price, you meant by sticker price, correct?
This is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

curioustx said:
Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

curioustx

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

kyfdx

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

curioustx

kyfdx said:

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Oh. I wasn't sure you can negotiate to the original sticker price when you are leasing. Anyway, good to know now. Can you tell me what should be the range for 2016 Mazda 6 GT with package in the state of TX?

curioustx

kyfdx said:

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

s2kroma1

Just got a quote in Chicago land area:

2016 Mazda6 Sport Automatic
MSRP 23815
Selling Price $20092

Lease is for 33 month, 1000 miles per month
Per dealer payment is $228 a month

Is this a good deal or not?

neelson

Senior citizen just discovered this site - looking for help - lease vs purchase for wife's car.
I've done some research and I think I know how the lease formula works but have a few questions after reading these form postings. I live in Southern California and my wife wants a 2016 Mazda 6 GT. I've always purchased our cars and kept them for 10 years + but now retired and thinking of leasing to avoid long term maintenance issues (plus get a new car every few years)
1. Is it best to pay tax, DMV, bank fee etc in a lump sum out of pocket or include it in the monthly payment? How does that work if dealer still asks for more money up front? Does a big down payment make that a big of a difference in the monthly payment?
2. I know that Residual Value and Money factor is figured by the bank and so is Disposition Fee. Also, you don't add optional equipment to MSRP when computing a lease but what numbers do you use to get Net Capitalized cost and how is it used in the Lease Formula. Where do I find the Invoice amount?
3. What are the best lease terms to go for a better value? (annual mileage and/or months)
5. Does it matter when you close a lease deal like it does when you're purchasing? (end of month= better bargaining)
6. Are there any special promotions for November (Chase customer-sweet spot months i.e 33mo vs 36 mo. etc.)
I gotan Internet purchase quote on a 2016 Mazda6 GT including Tech Pkg (MSRP $33,495+$300 paint up charge) of $29,787 (-11.1%)+ $2383 taxes @8%, $287 title registration, $80 DMV fee, $80 doc fee and $9 CA Tire Fee..

What is the RV and MF on this car and what approximate lease payment would I expect to be quoted for 3 year/12K? Also, How much of an impact on the monthly lease paymenbe if you changed the terms to 10,000 or 11,000 miles.

Thanks for any and all replies.

Michaell

curioustx said:

kyfdx said:

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

For 36/12, I get a payment of $359.62/mo + tax.

However, Mazda is promoting a special for 33 months ... the payment for 33/12 would be $346.41.

Michaell

s2kroma1 said:

Just got a quote in Chicago land area:

2016 Mazda6 Sport Automatic
MSRP 23815
Selling Price $20092

Lease is for 33 month, 1000 miles per month
Per dealer payment is $228 a month

Is this a good deal or not?

The 33/12 lease numbers for the 6 Sport Auto are .00001 and 60%.

With your prices, I get a payment of $176.19/mo.

What is the net cap cost? If higher than the selling price, find out what's been added.

And, is this Cook County? I'm learning that the lease taxes there are incredibly high - something like 17.5%.

Michaell

neelson said:

Senior citizen just discovered this site - looking for help - lease vs purchase for wife's car.
I've done some research and I think I know how the lease formula works but have a few questions after reading these form postings. I live in Southern California and my wife wants a 2016 Mazda 6 GT. I've always purchased our cars and kept them for 10 years + but now retired and thinking of leasing to avoid long term maintenance issues (plus get a new car every few years)
1. Is it best to pay tax, DMV, bank fee etc in a lump sum out of pocket or include it in the monthly payment? How does that work if dealer still asks for more money up front? Does a big down payment make that a big of a difference in the monthly payment?
2. I know that Residual Value and Money factor is figured by the bank and so is Disposition Fee. Also, you don't add optional equipment to MSRP when computing a lease but what numbers do you use to get Net Capitalized cost and how is it used in the Lease Formula. Where do I find the Invoice amount?
3. What are the best lease terms to go for a better value? (annual mileage and/or months)
5. Does it matter when you close a lease deal like it does when you're purchasing? (end of month= better bargaining)
6. Are there any special promotions for November (Chase customer-sweet spot months i.e 33mo vs 36 mo. etc.)
I gotan Internet purchase quote on a 2016 Mazda6 GT including Tech Pkg (MSRP $33,495+$300 paint up charge) of $29,787 (-11.1%)+ $2383 taxes @8%, $287 title registration, $80 DMV fee, $80 doc fee and $9 CA Tire Fee..

What is the RV and MF on this car and what approximate lease payment would I expect to be quoted for 3 year/12K? Also, How much of an impact on the monthly lease paymenbe if you changed the terms to 10,000 or 11,000 miles.

Thanks for any and all replies.

2016 6 GT 33/12 - .00001 and 59%. Add 1% for 10K.

1. There is a difference between down payment and money due at signing in a lease. We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. We prefer to roll as much of the up front costs into the lease.
2. Use the price tools at the top of the page - make / model / year - to help with price information. The residual is applied to the bottom line number of the window sticker (base MSRP + options + destination).
3. At the moment, Mazda is promoting a 33 month lease term.
4. You don't have a #4 in your post ...
5. Yes, end of the month is just as good for leasing as it is for buying
6. 33 months is the sweet spot for Mazda in October (numbers valid until 11/2/15)

CA taxes the monthly payment, not the selling price.

Using your MSRP and selling price, I get a payment of $323/mo with 8% tax rolled in but other costs paid up front. 10K mileage drops the payment to $312/mo.

neelson

Michaell said:

neelson said:

Senior citizen just discovered this site - looking for help - lease vs purchase for wife's car.
I've done some research and I think I know how the lease formula works but have a few questions after reading these form postings. I live in Southern California and my wife wants a 2016 Mazda 6 GT. I've always purchased our cars and kept them for 10 years + but now retired and thinking of leasing to avoid long term maintenance issues (plus get a new car every few years)
1. Is it best to pay tax, DMV, bank fee etc in a lump sum out of pocket or include it in the monthly payment? How does that work if dealer still asks for more money up front? Does a big down payment make that a big of a difference in the monthly payment?
2. I know that Residual Value and Money factor is figured by the bank and so is Disposition Fee. Also, you don't add optional equipment to MSRP when computing a lease but what numbers do you use to get Net Capitalized cost and how is it used in the Lease Formula. Where do I find the Invoice amount?
3. What are the best lease terms to go for a better value? (annual mileage and/or months)
5. Does it matter when you close a lease deal like it does when you're purchasing? (end of month= better bargaining)
6. Are there any special promotions for November (Chase customer-sweet spot months i.e 33mo vs 36 mo. etc.)
I gotan Internet purchase quote on a 2016 Mazda6 GT including Tech Pkg (MSRP $33,495+$300 paint up charge) of $29,787 (-11.1%)+ $2383 taxes @8%, $287 title registration, $80 DMV fee, $80 doc fee and $9 CA Tire Fee..

What is the RV and MF on this car and what approximate lease payment would I expect to be quoted for 3 year/12K? Also, How much of an impact on the monthly lease paymenbe if you changed the terms to 10,000 or 11,000 miles.

Thanks for any and all replies.

2016 6 GT 33/12 - .00001 and 59%. Add 1% for 10K.

1. There is a difference between down payment and money due at signing in a lease. We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. We prefer to roll as much of the up front costs into the lease.
2. Use the price tools at the top of the page - make / model / year - to help with price information. The residual is applied to the bottom line number of the window sticker (base MSRP + options + destination).
3. At the moment, Mazda is promoting a 33 month lease term.
4. You don't have a #4 in your post ...
5. Yes, end of the month is just as good for leasing as it is for buying
6. 33 months is the sweet spot for Mazda in October (numbers valid until 11/2/15)

CA taxes the monthly payment, not the selling price.

Using your MSRP and selling price, I get a payment of $323/mo with 8% tax rolled in but other costs paid up front. 10K mileage drops the payment to $312/mo.

Michaell, thanks much for the help. The projected mo payment sounds very reasonable and I just have a few more questions before I decide which way to go.

1. If I include interest in my monthly payment and pay the "other costs" up front, what are some of the "other costs" that I might be unaware of ( other than those I've already listed in my quote) and which ones do I need to be wary of if they try to add them on after I've visted the dealership? Also, I see some dealers requiring 1st months payment in addition to several thousand dollars down. Is this the same as the "out of pocket" that I would pay up front?

3,5&6. Since the 33 mo promotion is ending tomorrow, would I be better off putting this decision off until Novembers promotion comes out, knowing Thanksgiving weekend is one of the better times to buy/lease (and perhaps the RV or MF will be more favorable to me)?

I know its not the same number as yours, but here's what I came up with using the detailed formula's I found for 36 Mo. Are you able to tell where I might have made a mistake? (I used a Net Cap cost of $29,787 and Residual of $19,939)
Depreciation Fee $273.55
Finance Fee $ 24.00
Sales Tax $ 21.88
Monthly Payment $319.44

Michaell

neelson said:

Senior citizen just discovered this site - looking for help - lease vs purchase for wife's car. I've done some research and I think I know how the lease formula works but have a few questions after reading these form postings. I live in Southern California and my wife wants a 2016 Mazda 6 GT. I've always purchased our cars and kept them for 10 years + but now retired and thinking of leasing to avoid long term maintenance issues (plus get a new car every few years) 1. Is it best to pay tax, DMV, bank fee etc in a lump sum out of pocket or include it in the monthly payment? How does that work if dealer still asks for more money up front? Does a big down payment make that a big of a difference in the monthly payment? 2. I know that Residual Value and Money factor is figured by the bank and so is Disposition Fee. Also, you don't add optional equipment to MSRP when computing a lease but what numbers do you use to get Net Capitalized cost and how is it used in the Lease Formula. Where do I find the Invoice amount? 3. What are the best lease terms to go for a better value? (annual mileage and/or months) 5. Does it matter when you close a lease deal like it does when you're purchasing? (end of month= better bargaining) 6. Are there any special promotions for November (Chase customer-sweet spot months i.e 33mo vs 36 mo. etc.) I gotan Internet purchase quote on a 2016 Mazda6 GT including Tech Pkg (MSRP $33,495+$300 paint up charge) of $29,787 (-11.1%)+ $2383 taxes @8%, $287 title registration, $80 DMV fee, $80 doc fee and $9 CA Tire Fee.. What is the RV and MF on this car and what approximate lease payment would I expect to be quoted for 3 year/12K? Also, How much of an impact on the monthly lease paymenbe if you changed the terms to 10,000 or 11,000 miles. Thanks for any and all replies.

2016 6 GT 33/12 - .00001 and 59%. Add 1% for 10K. 1. There is a difference between down payment and money due at signing in a lease. We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. We prefer to roll as much of the up front costs into the lease. 2. Use the price tools at the top of the page - make / model / year - to help with price information. The residual is applied to the bottom line number of the window sticker (base MSRP + options + destination). 3. At the moment, Mazda is promoting a 33 month lease term. 4. You don't have a #4 in your post ... 5. Yes, end of the month is just as good for leasing as it is for buying 6. 33 months is the sweet spot for Mazda in October (numbers valid until 11/2/15) CA taxes the monthly payment, not the selling price. Using your MSRP and selling price, I get a payment of $323/mo with 8% tax rolled in but other costs paid up front. 10K mileage drops the payment to $312/mo.

Michaell, thanks much for the help. The projected mo payment sounds very reasonable and I just have a few more questions before I decide which way to go. 1. If I include interest in my monthly payment and pay the "other costs" up front, what are some of the "other costs" that I might be unaware of ( other than those I've already listed in my quote) and which ones do I need to be wary of if they try to add them on after I've visted the dealership? Also, I see some dealers requiring 1st months payment in addition to several thousand dollars down. Is this to cover the "out of pocket" 3,5&6. Since the 33 mo promotion is ending tomorrow, would I be better off putting this decision off until Novembers promotion comes out, knowing Thanksgiving weekend is one of the better times to buy/lease (and perhaps the RV or MF will be more favorable to me)?

 Your initial cross will include a bank fee of $595, the California document fee of $80, your first months payment and any license or tag cost for the DMV. 

 Hard to predict what will happen with the numbers next month, but it is unlikely to see a deal better than what we've seen this month for the 33 month term 

neelson

Michaell said:

neelson said:

Michaell said:

neelson said:

Senior citizen just discovered this site - looking for help - lease vs purchase for wife's car.
I've done some research and I think I know how the lease formula works but have a few questions after reading these form postings. I live in Southern California and my wife wants a 2016 Mazda 6 GT. I've always purchased our cars and kept them for 10 years + but now retired and thinking of leasing to avoid long term maintenance issues (plus get a new car every few years)
1. Is it best to pay tax, DMV, bank fee etc in a lump sum out of pocket or include it in the monthly payment? How does that work if dealer still asks for more money up front? Does a big down payment make that a big of a difference in the monthly payment?
2. I know that Residual Value and Money factor is figured by the bank and so is Disposition Fee. Also, you don't add optional equipment to MSRP when computing a lease but what numbers do you use to get Net Capitalized cost and how is it used in the Lease Formula. Where do I find the Invoice amount?
3. What are the best lease terms to go for a better value? (annual mileage and/or months)
5. Does it matter when you close a lease deal like it does when you're purchasing? (end of month= better bargaining)
6. Are there any special promotions for November (Chase customer-sweet spot months i.e 33mo vs 36 mo. etc.)
I gotan Internet purchase quote on a 2016 Mazda6 GT including Tech Pkg (MSRP $33,495+$300 paint up charge) of $29,787 (-11.1%)+ $2383 taxes @8%, $287 title registration, $80 DMV fee, $80 doc fee and $9 CA Tire Fee..

What is the RV and MF on this car and what approximate lease payment would I expect to be quoted for 3 year/12K? Also, How much of an impact on the monthly lease paymenbe if you changed the terms to 10,000 or 11,000 miles.

Thanks for any and all replies.

2016 6 GT 33/12 - .00001 and 59%. Add 1% for 10K.

1. There is a difference between down payment and money due at signing in a lease. We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. We prefer to roll as much of the up front costs into the lease.
2. Use the price tools at the top of the page - make / model / year - to help with price information. The residual is applied to the bottom line number of the window sticker (base MSRP + options + destination).
3. At the moment, Mazda is promoting a 33 month lease term.
4. You don't have a #4 in your post ...
5. Yes, end of the month is just as good for leasing as it is for buying
6. 33 months is the sweet spot for Mazda in October (numbers valid until 11/2/15)

CA taxes the monthly payment, not the selling price.

Using your MSRP and selling price, I get a payment of $323/mo with 8% tax rolled in but other costs paid up front. 10K mileage drops the payment to $312/mo.

Michaell, thanks much for the help. The projected mo payment sounds very reasonable and I just have a few more questions before I decide which way to go.

1. If I include interest in my monthly payment and pay the "other costs" up front, what are some of the "other costs" that I might be unaware of ( other than those I've already listed in my quote) and which ones do I need to be wary of if they try to add them on after I've visted the dealership? Also, I see some dealers requiring 1st months payment in addition to several thousand dollars down. Is this to cover the "out of pocket"

3,5&6. Since the 33 mo promotion is ending tomorrow, would I be better off putting this decision off until Novembers promotion comes out, knowing Thanksgiving weekend is one of the better times to buy/lease (and perhaps the RV or MF will be more favorable to me)?

 Your initial cross will include a bank fee of $595, the California document fee of $80, your first months payment and any license or tag cost for the DMV. 

 Hard to predict what will happen with the numbers next month, but it is unlikely to see a deal better than what we've seen this month for the 33 month term 

Michaell

 If you choose to roll in all of the fees into the lease, yes the payment will go up slightly.  To 

neelson

Thought you might be interested in this U.S News and World Report article written on Friday. Seems like they're going after the Mazda 6 lease market by offering $0 down and no first months payment. What's the incentive to go this route besides swapping lower out of pocket for higher mo pmt?

http://usnews.rankingsandreviews.com/cars-trucks/best-car-deals/Mazda-Deals/

Last Updated: Oct 30, 2015

Mazda Financing, Cash Back and Lease Offers for November 2015

This month's Mazda deals offer competitive financing rates of zero to 1.9 percent on many 2015 and 2016 models, and some also don't require a payment for 90 days. Other models, such as the 2015 Mazda5 and CX-9, separately offer up to $4,000 bonus cash if you prefer to finance through your bank or credit union. Mazda lease deals feature payments of about $150 to $250 per month on most models, with a few thousand dollars due at signing. The 2016 Mazda6 offers zero due at signing and no first month's payment. This month, you can lease the 2016 Mazda CX-5 for $229 per month for 33 months with $1,989 due at signing.

curioustx

Michaell said:

curioustx said:

kyfdx said:

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

For 36/12, I get a payment of $359.62/mo + tax.

However, Mazda is promoting a special for 33 months ... the payment for 33/12 would be $346.41.

HI Michaell,

Thank you for giving me rough estimate -

But I still don't understand how you got those number with ZERO down.
This is the way I did my calculation. I want to know where I am being wrong in my calculation. Please see below

1 - Depreciation fees: (Net Cap cost - Residual) / term
In my case Residual cost, would 59% of MSRP i.e 33195 = 19585.05
Net Cap cost = $31000
Therefore Depreciation cost= (31000-19585.05)/36 = $317.08

2. Finance fees = (Net cap cost + Residual) X money factor
therefore = (31000+19585.05) x.0.0001 = 5.05

Lease amount = Depreciation fees + Finance fees + Sales Tax
Therefore, 317.08 + 5.05 + Sales tax = 322.13

Thank you

curioustx

I meant 322.13 + Sales tax

Michaell

curioustx said:

Michaell said:

curioustx said:

kyfdx said:

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

For 36/12, I get a payment of $359.62/mo + tax.

However, Mazda is promoting a special for 33 months ... the payment for 33/12 would be $346.41.

HI Michaell,

Thank you for giving me rough estimate -

But I still don't understand how you got those number with ZERO down.
This is the way I did my calculation. I want to know where I am being wrong in my calculation. Please see below

1 - Depreciation fees: (Net Cap cost - Residual) / term
In my case Residual cost, would 59% of MSRP i.e 33195 = 19585.05
Net Cap cost = $31000
Therefore Depreciation cost= (31000-19585.05)/36 = $317.08

2. Finance fees = (Net cap cost + Residual) X money factor
therefore = (31000+19585.05) x.0.0001 = 5.05

Lease amount = Depreciation fees + Finance fees + Sales Tax
Therefore, 317.08 + 5.05 + Sales tax = 322.13

Thank you

That's because the MF is .00001 (4 zeros) - the interest charge per month is only 51 cents.

And, you calculated the depreciation for 36 months .. when the special is for 33 months.

curioustx

Michaell said:

curioustx said:

Michaell said:

curioustx said:

kyfdx said:

curioustx said:

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

For 36/12, I get a payment of $359.62/mo + tax.

However, Mazda is promoting a special for 33 months ... the payment for 33/12 would be $346.41.

HI Michaell,

Thank you for giving me rough estimate -

But I still don't understand how you got those number with ZERO down.
This is the way I did my calculation. I want to know where I am being wrong in my calculation. Please see below

1 - Depreciation fees: (Net Cap cost - Residual) / term
In my case Residual cost, would 59% of MSRP i.e 33195 = 19585.05
Net Cap cost = $31000
Therefore Depreciation cost= (31000-19585.05)/36 = $317.08

2. Finance fees = (Net cap cost + Residual) X money factor
therefore = (31000+19585.05) x.0.0001 = 5.05

Lease amount = Depreciation fees + Finance fees + Sales Tax
Therefore, 317.08 + 5.05 + Sales tax = 322.13

Thank you

That's because the MF is .00001 (4 zeros) - the interest charge per month is only 51 cents.

And, you calculated the depreciation for 36 months .. when the special is for 33 months.

Well Michaell,

But I wanted the term for 36 months.
And even If I do calculate the numbers are not adding up to your number ($359.12 + Sales tax). I still don't get it.

And If I put $2000 down, with Net cap cost of $31000 and 36/12 month lease. What will be amount as per your calculation?

Michaell

curioustx said:

Hi there! From TX: Need help Sticker price $33,195 How much should I pay monthly for 36mth/12k miles lease with $2000 down? Dealer is asking for $386. My calculation is coming close to $300. Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct? There is some info I know: Original Price $30,195 Dealing and Handling charges:$820.00 GT advanced package:$2180.00 Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

For 36/12, I get a payment of $359.62/mo + tax. However, Mazda is promoting a special for 33 months ... the payment for 33/12 would be $346.41.

HI Michaell, Thank you for giving me rough estimate - But I still don't understand how you got those number with ZERO down. This is the way I did my calculation. I want to know where I am being wrong in my calculation. Please see below 1 - Depreciation fees: (Net Cap cost - Residual) / term In my case Residual cost, would 59% of MSRP i.e 33195 = 19585.05 Net Cap cost = $31000 Therefore Depreciation cost= (31000-19585.05)/36 = $317.08 2. Finance fees = (Net cap cost + Residual) X money factor therefore = (31000+19585.05) x.0.0001 = 5.05 Lease amount = Depreciation fees + Finance fees + Sales Tax Therefore, 317.08 + 5.05 + Sales tax = 322.13 Thank you

That's because the MF is .00001 (4 zeros) - the interest charge per month is only 51 cents. And, you calculated the depreciation for 36 months .. when the special is for 33 months.

Well Michaell, But I wanted the term for 36 months. And even If I do calculate the numbers are not adding up to your number ($359.12 + Sales tax). I still don't get it. And If I put $2000 down, with Net cap cost of $31000 and 36/12 month lease. What will be amount as per your calculation?

MSRP - $33195
Sell price -$31000
MF - .00030
36/12 residual - 56%

gets a payment of $359.62/mo

$2000 down takes $55/mo off the pmt

all before tax

ibreslin

Hi Michaell, are there any new lease numbers for November yet on Mazda6 in Texas?

Rather than post in every thread, do you have new November numbers for Ford, Hyundai, Nissan & Infiniti?

just a yes or no please and I'll then move the discussion to the model thread.

Thanks!

curioustx

Michaell said:

curioustx said:

Hi there!

From TX: Need help

Sticker price $33,195
How much should I pay monthly for 36mth/12k miles lease with $2000 down?
Dealer is asking for $386.

My calculation is coming close to $300.

Thank you

What's the selling price?

When you ask selling price, you meant by sticker price, correct?
There is some info I know:
Original Price $30,195
Dealing and Handling charges:$820.00
GT advanced package:$2180.00

Total MSRP/Sticker price: $33,195.00

No.. you negotiate the sale price of the vehicle on a lease, just like if you were buying it. You wouldn't pay full MSRP, would you?

Also, If I decided to settle for $31,000 what should be my lease amount per month with zero down?

For 36/12, I get a payment of $359.62/mo + tax.

However, Mazda is promoting a special for 33 months ... the payment for 33/12 would be $346.41.

HI Michaell,

Thank you for giving me rough estimate -

But I still don't understand how you got those number with ZERO down.
This is the way I did my calculation. I want to know where I am being wrong in my calculation. Please see below

1 - Depreciation fees: (Net Cap cost - Residual) / term
In my case Residual cost, would 59% of MSRP i.e 33195 = 19585.05
Net Cap cost = $31000
Therefore Depreciation cost= (31000-19585.05)/36 = $317.08

2. Finance fees = (Net cap cost + Residual) X money factor
therefore = (31000+19585.05) x.0.0001 = 5.05

Lease amount = Depreciation fees + Finance fees + Sales Tax
Therefore, 317.08 + 5.05 + Sales tax = 322.13

Thank you

That's because the MF is .00001 (4 zeros) - the interest charge per month is only 51 cents.

And, you calculated the depreciation for 36 months .. when the special is for 33 months.

Well Michaell,

But I wanted the term for 36 months.
And even If I do calculate the numbers are not adding up to your number ($359.12 + Sales tax). I still don't get it.

And If I put $2000 down, with Net cap cost of $31000 and 36/12 month lease. What will be amount as per your calculation?

MSRP - $33195
Sell price -$31000
MF - .00030
36/12 residual - 56%

gets a payment of $359.62/mo

$2000 down takes $55/mo off the pmt

all before tax

Thank you for all your help. Final question -
Is sales tax is calculated based on MSRP or Selling price?

curioustx

Thank you for all your help. Final question -
Is sales tax is calculated based on MSRP or Selling price?

neelson

Hi Michaell

Thanks for bringing me up to speed so I could become a knowledgeable and informed consumer in the car leasing market. I think I'm now in the position to negotiate a favorable lease without leaving anything on the table but I would like to run my planned strategy by you to see if it'll work.

I plan to ask for a monthly payment that excludes all options, fee and taxes other than the monthly sales tax and suggest that I might be paying them up front so they would have to itemize each one. If I understand it correctly, this approach would reveal the actual "sales price number" that the dealer is using in calculating the Net Capitalization Cost. I believe all of the additional costs, including options fees etc., would have to be be itemized if I said I intended to pay them up front, yet I would still have the option of deciding which ones, if any, I wanted to roll into the lease payment.

I do have a few more questions to run by you:

1. Is my strategy to find a good lease deal feasible?
2. Is paying options,fees and taxes up front the same as making a down payment?
3. I've seen deals offering no down and no first payment up front (sign and drive?) or in one case, an offer to
make your first months payment. Just out of curiosity, I'd like to know how that impacts the formula when
determining the monthly payment?

Michaell

ibreslin said:

Hi Michaell, are there any new lease numbers for November yet on Mazda6 in Texas?

Rather than post in every thread, do you have new November numbers for Ford, Hyundai, Nissan & Infiniti?

just a yes or no please and I'll then move the discussion to the model thread.

Thanks!

Mazda - yes
Ford - yes
Hyundai - no
Nissan - yes
Infiniti - yes

Michaell

curioustx said:

Thank you for all your help. Final question -
Is sales tax is calculated based on MSRP or Selling price?

It depends on the state.

Michaell

neelson said:

Hi Michaell

Thanks for bringing me up to speed so I could become a knowledgeable and informed consumer in the car leasing market. I think I'm now in the position to negotiate a favorable lease without leaving anything on the table but I would like to run my planned strategy by you to see if it'll work.

I plan to ask for a monthly payment that excludes all options, fee and taxes other than the monthly sales tax and suggest that I might be paying them up front so they would have to itemize each one. If I understand it correctly, this approach would reveal the actual "sales price number" that the dealer is using in calculating the Net Capitalization Cost. I believe all of the additional costs, including options fees etc., would have to be be itemized if I said I intended to pay them up front, yet I would still have the option of deciding which ones, if any, I wanted to roll into the lease payment.

I do have a few more questions to run by you:

1. Is my strategy to find a good lease deal feasible?
2. Is paying options,fees and taxes up front the same as making a down payment?
3. I've seen deals offering no down and no first payment up front (sign and drive?) or in one case, an offer to
make your first months payment. Just out of curiosity, I'd like to know how that impacts the formula when
determining the monthly payment?

1. We prefer that you negotiate the selling price, not the monthly payment
2. No - "cash due at signing" is not the same as a "down payment"
3. Some manufacturers (Honda and Acura, specifically), offer a reduced MF on their "sign and drive" lease deals. Otherwise, it only affects the net cap cost (selling price + taxes, fees - down payment)

curioustx

Michaell said:

curioustx said:

Thank you for all your help. Final question -
Is sales tax is calculated based on MSRP or Selling price?

It depends on the state.

So what works for State of Texas?

Michaell

curioustx said:

Michaell said:

curioustx said:

Thank you for all your help. Final question -
Is sales tax is calculated based on MSRP or Selling price?

It depends on the state.

So what works for State of Texas?

Texas applies sales tax to the entire selling price of the vehicle - so, negotiate the lowest price possible.

ROMIL

Please post MF/Residual for a 2016 Mazda6 GT in NV for 36/15K.

cstark27

Michaell, I've tried looking around for sales tax info on Kansas. Do you have any info on that?

Also looking for RV/MF for 36/12 (unless 33mo deal is still on) on the following for KS:

2016 Mazda6 i Touring MT
2015 Mazda6 i Touring MT

Thanks

Michaell

cstark27 said:

Michaell, I've tried looking around for sales tax info on Kansas. Do you have any info on that?

Also looking for RV/MF for 36/12 (unless 33mo deal is still on) on the following for KS:

2016 Mazda6 i Touring MT
2015 Mazda6 i Touring MT

Thanks

No 2015 numbers
2016 - .00001 and 54% (33/12), 51% (36/12) or 50% (39/12). $650 lease cash.

neelson

SoCal area 2016 red Mazda6 GT with tech pkg. $320.16 +tax per month with $2000 down. RV 59% MF 0.00001 no other fees etc due other than $595 at the end of the lease that's listed as an acquisition fee. There's also a supposedly $1,500 waiver on any minor damage at turn in. Deal is good for 3 days. How would you rate this deal on a scale on 1 thru 10.

Michaell

neelson said:

SoCal area 2016 red Mazda6 GT with tech pkg. $320.16 +tax per month with $2000 down. RV 59% MF 0.00001 no other fees etc due other than $595 at the end of the lease that's listed as an acquisition fee. There's also a supposedly $1,500 waiver on any minor damage at turn in. Deal is good for 3 days. How would you rate this deal on a scale on 1 thru 10.

Need to know the MSRP and selling prices to fully evaluate the deal.

lb530529

Hi Michael,
Can you please provide the numbers for the Grand Touring trim? 36k/10 and 33/10 please. Any incentives available?