2016 Mazda6 Lease Questions

carperso

Hi Michael,
Please provide numbers for iTouring and iGrandtouring for 39/12 and 39/15 in CT area. Thanks

Michaell

lb530529 said:

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

.00001 and 59% (33/10) or 56% (36/10 or 39/10).

$650 lease cash.

Michaell

carperso said:

Hi Michael,
Please provide numbers for iTouring and iGrandtouring for 39/12 and 39/15 in CT area. Thanks

.00001 MF and 53% for 39/15 on both trims.

Add 2% for 12K

tyleryac

I just left the Mazda dealer with what I think is a very high lease...
2016 Mazda 6 Touring Base Automatic
$0 down and $365/Month
$25,000 MSRP, not sure of selling price.
I'm in NJ 7.00% Sales Tax

That seems very high to me for a car in the mid $20k

Michaell

tyleryac said:

I just left the Mazda dealer with what I think is a very high lease...
2016 Mazda 6 Touring Base Automatic
$0 down and $365/Month
$25,000 MSRP, not sure of selling price.
I'm in NJ 7.00% Sales Tax

That seems very high to me for a car in the mid $20k

I would agree.

MF is .00001 for 33/36/39 month terms in November. Residual is 56% for 33/15, 54% for 36/15 and 53% for 39/15.

I would expect a payment under $300/mo, but would need to know the cap cost in order to give you an accurate number.

tyleryac

Michaell said:

tyleryac said:

I just left the Mazda dealer with what I think is a very high lease...
2016 Mazda 6 Touring Base Automatic
$0 down and $365/Month
$25,000 MSRP, not sure of selling price.
I'm in NJ 7.00% Sales Tax

That seems very high to me for a car in the mid $20k

I would agree.

MF is .00001 for 33/36/39 month terms in November. Residual is 56% for 33/15, 54% for 36/15 and 53% for 39/15.

I would expect a payment under $300/mo, but would need to know the cap cost in order to give you an accurate number.

Thanks for the reply Michaell. Do you think under $300/month is possible with a sign and drive, $0 down?

neelson

Hi Michaell - after spending numerous hours researching how to take the mystery out of car leasing, I came up with a formula, accompanied by explanations, that hopefully simplifies the numbers process. I'd really appreciate your opinion and especially comments about any mistakes that I might have made - thanks

Monthly Lease Payment Formula:
Depreciation Fee
Plus Finance Fee
Plus Sales Tax

Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease
Divided by
Term = # of months

Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
Divided by
(net capital cost + residual value x term)
(To convert Money Factor to APR, multiply money factor x 2400)

Sales Tax Formula: depreciation fee
Plus
finance fee
Multiplied by
your local sales tax

kyfdx

neelson said:

Hi Michaell - after spending numerous hours researching how to take the mystery out of car leasing, I came up with a formula, accompanied by explanations, that hopefully simplifies the numbers process. I'd really appreciate your opinion and especially comments about any mistakes that I might have made - thanks

Monthly Lease Payment Formula:
Depreciation Fee
Plus Finance Fee
Plus Sales Tax

Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease
Divided by
Term = # of months

Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
Divided by
(net capital cost + residual value x term)
(To convert Money Factor to APR, multiply money factor x 2400)

Sales Tax Formula: depreciation fee
Plus
finance fee
Multiplied by
your local sales tax

There is no "Divided by" in the Finance portion of the formula. Once you add the CAP cost and residual, then multiply by the money factor, that is the monthly rent charge.

neelson

kyfdx said:

neelson said:

Hi Michaell - after spending numerous hours researching how to take the mystery out of car leasing, I came up with a formula, accompanied by explanations, that hopefully simplifies the numbers process. I'd really appreciate your opinion and especially comments about any mistakes that I might have made - thanks

Monthly Lease Payment Formula:
Depreciation Fee
Plus Finance Fee
Plus Sales Tax

Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease
Divided by
Term = # of months

Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
(To convert Money Factor to APR, multiply money factor x 2400)

Sales Tax Formula: depreciation fee
Plus
finance fee
Multiplied by
your local sales tax

There is no "Divided by" in the Finance portion of the formula. Once you add the CAP cost and residual, then multiply by the money factor, that is the monthly rent charge.

Not sure why I put that in there. I'll re-post the corrected copy for the community if everything else is ok.

howdogg

Hi. Can you please post MD and RV for isport automatic transmission in Pennsylvania for 33/36/39 month terms 12k and 15k miles? Thank you! 

rpc3395

Hello, could I get the lease info for a 2016 Mazda 6 touring automatic. MF and RV for 36 and 48 months with 10k miles

kyfdx

howdogg said:

Hi. Can you please post MD and RV for isport automatic transmission in Pennsylvania for 33/36/39 month terms 12k and 15k miles? Thank you! 

15K/yr

.00001 MF and 57%/55%/54% residual. $650 lease cash.

Add 2% for 12K/yr

kyfdx

rpc3395 said:

Hello, could I get the lease info for a 2016 Mazda 6 touring automatic. MF and RV for 36 and 48 months with 10k miles

.00001 MF and 57% residual
.00032 MF and 50% residual

$650 lease cash

Assuming auto transmission

neelson

Monthly Lease Payment Formula to take the mystery out of knowing if you're getting a good lease deal or not:

Depreciation Fee + Finance Fee + Sales Tax = Total monthly lease payment

Here's how you apply the numbers that you'll need:

Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is a guaranteed price that you can buy the vehicle for at the end of the lease
Divided by
Term = # of months

Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
(To convert Money Factor to APR, multiply money factor x 2400)

Sales Tax Formula: = depreciation fee
Plus
finance fee
Multiplied by
your local sales tax
(note: some states charge tax on the MSRP or total value, so be sure to check your states rules)

Michaell

neelson said:

Monthly Lease Payment Formula to take the mystery out of knowing if you're getting a good lease deal or not:

Depreciation Fee + Finance Fee + Sales Tax = Total monthly lease payment

Here's how you apply the numbers that you'll need:

Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is a guaranteed price that you can buy the vehicle for at the end of the lease
Divided by
Term = # of months

Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
(To convert Money Factor to APR, multiply money factor x 2400)

Sales Tax Formula: = depreciation fee
Plus
finance fee
Multiplied by
your local sales tax
(note: some states charge tax on the MSRP or total value, so be sure to check your states rules)

Just one item to note ... the sales tax calculation depends on where you live. Most states simply tax the monthly payment.

Some states (MD, TX, GA) apply sales tax to the entire selling price of the car, up front. This amount can be added to the cap cost or paid upfront.

Other states (OH, NJ, NJ) calculate the entire sales tax due on the sum of the payments, up front. This amount can be added to the cap cost or paid upfront.

kms34655

Please post MF and Residual for a 2016 Mazda 6 GT in Florida for 36mo/15K and 36mo/18K if they go that high in mileage with the lease.

Thanks!

kyfdx

kms34655 said:

Please post MF and Residual for a 2016 Mazda 6 GT in Florida for 36mo/15K and 36mo/18K if they go that high in mileage with the lease.

Thanks!

.00001 MF and 53% residual for 36/15. $650 lease cash

moodyhank

Can I please get the 15k numbers in Colorado (for whatever the sweet-spot term is) for the 2016 Touring and GT automatic?

Michaell

moodyhank said:

Can I please get the 15k numbers in Colorado (for whatever the sweet-spot term is) for the 2016 Touring and GT automatic?

.00001 MF for both trims.

33/36/39 and 15 residuals:
Touring AT - 56% / 54% / 53%
GT AT - 56% / 53% / 53%

bobsparrow

Can I get the MF/Residuals/Incentives 10K/12K miles for a 2016 Touring Manual Transmission in NYC?
33/36/39 months...thanks in advance!

kyfdx

bobsparrow said:

Can I get the MF/Residuals/Incentives 10K/12K miles for a 2016 Touring Manual Transmission in NYC?
33/36/39 months...thanks in advance!

Mazda is killing the manual transmission market with their lease programs.

.00001 MF and 54%/51%/50% residual for 12K/yr. Add 1% for 10K/yr.
$650 lease cash.

Add 5% for automatic residuals.

neelson

Southern CA Mazda6 GT w/Tech 33/12000 still 59% Residual and 0.0001MF?

bobsparrow

kyfdx said:

bobsparrow said:

Can I get the MF/Residuals/Incentives 10K/12K miles for a 2016 Touring Manual Transmission in NYC?
33/36/39 months...thanks in advance!

Mazda is killing the manual transmission market with their lease programs.

.00001 MF and 54%/51%/50% residual for 12K/yr. Add 1% for 10K/yr.
$650 lease cash.

Add 5% for automatic residuals.

Thanks for the info....where's the Zoom Zoom

kyfdx

neelson said:

Southern CA Mazda6 GT w/Tech 33/12000 still 59% Residual and 0.0001MF?

.00001 MF and 58% residual. $650 lease cash

39 months is the better term.. .00001 MF and 55% residual

carperso

Can I get the numbers for 39 month lease on I t ouring and I grand touring in CT. Thanks 

kyfdx

carperso said:

Can I get the numbers for 39 month lease on I t ouring and I grand touring in CT. Thanks 

.00001 MF and 53% residual for 39/15. $650 lease cash

Either model.

carperso

kyfdx said:

carperso said:

Can I get the numbers for 39 month lease on I t ouring and I grand touring in CT. Thanks 

.00001 MF and 53% residual for 39/15. $650 lease cash

Either model.

Thank you, Is it add 2% for 12k and 3% for 15k

kyfdx

carperso said:

kyfdx said:

carperso said:

Can I get the numbers for 39 month lease on I t ouring and I grand touring in CT. Thanks 

.00001 MF and 53% residual for 39/15. $650 lease cash

Either model.

Thank you, Is it add 2% for 12k and 3% for 15k

Add 2% for 12K or 3% for 10K

spikendru

Looking to lease a grand touring this week. Could I get residual, MF & incentives for GT in Missouri? 33/36/39 12K. Thanks!

neelson

Hi Michaell

RV and MF for Southern CA Mazda6 GT 36mo/12,000mi

Thanks,

kyfdx

spikendru said:

Looking to lease a grand touring this week. Could I get residual, MF & incentives for GT in Missouri? 33/36/39 12K. Thanks!

.00001 MF and 58%/55%/55% residual. $650 lease cash.

No typos

kyfdx

neelson said:

Hi Michaell

RV and MF for Southern CA Mazda6 GT 36mo/12,000mi

Thanks,

.00001 MF and 55% residual. $650 lease cash

Same numbers for 39/12, as well.

njfastlife

hi all. strongly considering leasing a Mazda 6 (preferably touring). will be selling my 20009 Honda Accord to the dealership and using those funds to pay off the monthly lease payment.

is it at all possible to get these cars ~$300/mo. with $0 down? i need at LEAST 12k/mi. year and i'll either be buying in NY or NJ.

this is my first time leasing, so i am definitely green to the game.

thoughts?

thank you!

kyfdx

njfastlife said:

hi all. strongly considering leasing a Mazda 6 (preferably touring). will be selling my 20009 Honda Accord to the dealership and using those funds to pay off the monthly lease payment.

is it at all possible to get these cars ~$300/mo. with $0 down? i need at LEAST 12k/mi. year and i'll either be buying in NY or NJ.

this is my first time leasing, so i am definitely green to the game.

thoughts?

thank you!

2016 Mazda Touring automatic. .00001 MF and 56% residual for 36mo, 12K/yr. $650 lease cash.

With an MSRP and proposed selling price, we can calculate a lease payment.

lb530529

Any December incentives?

Michaell

lb530529 said:

Any December incentives?

No changes to the Mazda numbers for December.

ron_mcdon

Live and will use car in South Carolina, but buying in Georgia. 2016 Mazda6 Touring 6M. Can I get the residual and money factor for that car? Thanks so much. 12K/39 mos.

Michaell

ron_mcdon said:

Live and will use car in South Carolina, but buying in Georgia. 2016 Mazda6 Touring 6M. Can I get the residual and money factor for that car? Thanks so much. 12K/39 mos.

.00001 and 50%. $650 lease cash.

ron_mcdon

I am trying to put this deal together and am wondering about the lease cash available. I am a current chase/mazda lease customer. From what I understand, I get the $650 lease cash that everyone does, but there is also 500 & 750 loyalty cash out there. My dealer is saying that I can get the 500, but not the 750 if I lease-that the 750 is only on a purchase. The deal is contingent (in my mind) on having that $1250 of combined loyalty cash to cover some negative equity in my trade. Can you shed some light on if I get the $500 only if I lease, or can combine both to get $1250? From the Edmunds site, it looks like I can combine.

Thanks,

Michaell

ron_mcdon said:

I am trying to put this deal together and am wondering about the lease cash available. I am a current chase/mazda lease customer. From what I understand, I get the $650 lease cash that everyone does, but there is also 500 & 750 loyalty cash out there. My dealer is saying that I can get the 500, but not the 750 if I lease-that the 750 is only on a purchase. The deal is contingent (in my mind) on having that $1250 of combined loyalty cash to cover some negative equity in my trade. Can you shed some light on if I get the $500 only if I lease, or can combine both to get $1250? From the Edmunds site, it looks like I can combine.

Thanks,

There are usually two different programs that run concurrently - one for purchase, another for lease. They cannot be combined.

Use the "Car Research" tab at the top of the page to link to the Edmunds incentive information - that should shed some light on what is available.

ron_mcdon

Therein lies my confusion. The verbiage from the Edmunds site seems like they can be combined:


MCS Loyalty Lease Bonus Cash is available towards leasing to customers who currently own or lease a Mazda vehicle. Must finance through Mazda Capital Services (Chase Auto Finance). Current vehicle trade-in or lease termination is not required. Offer is transferable within same household.

Bonus $ Offer Type Start End
$750


Owner Loyalty Bonus Cash is available towards leasing or retail purchases to customers who currently own or lease a Mazda vehicle. Current vehicle trade-in or lease termination is not required. Offer is transferable within same household. Can be combined with other offers.

Bonus $ Offer Type Start End
$500

But, my dealer is telling me otherwise....

ron_mcdon

well, just called Mazda and they told me that they cannot be combined...mystery solved and not in the way that I was hoping.

mrniepo

Hi, what is the current MF & residual for a 2016 Mazda 6 Touring automatic - 33/36/39 @ 10k mi in Southern CA? Assume the $650 lease cash still applies. Thanks in advance!

mrniepo

mrniepo said:

Hi, what is the current MF & residual for a 2016 Mazda 6 Touring automatic - 33/36/39 @ 10k mi in Southern CA? Assume the $650 lease cash still applies. Thanks in advance!

Actually meant for a Grand Touring model, not Touring. Safe to assume 57% and .00001% w/ $650 lease cash? thanks!

kyfdx

mrniepo said:

mrniepo said:

Hi, what is the current MF & residual for a 2016 Mazda 6 Touring automatic - 33/36/39 @ 10k mi in Southern CA? Assume the $650 lease cash still applies. Thanks in advance!

Actually meant for a Grand Touring model, not Touring. Safe to assume 57% and .00001% w/ $650 lease cash? thanks!

.00001 MF and 59%/56%/56% residual. $650 lease cash

nicks4

What are the RV and MF numbers for a 2016 Mazda6 4 Door Sport Manual for 39 months / 15K?

Thank you

Michaell

nicks4 said:

What are the RV and MF numbers for a 2016 Mazda6 4 Door Sport Manual for 39 months / 15K?

Thank you

50% and .00001. $650 lease cash.

nicks4

Two quick questions:

1. How different are the numbers (RV & MF) for a2016 Mazda6 4 Door Sport AUTO for 39 months / 15K?
2. Is there a 36 month lease?

kyfdx

nicks4 said:

Two quick questions:

1. How different are the numbers (RV & MF) for a2016 Mazda6 4 Door Sport AUTO for 39 months / 15K?
2. Is there a 36 month lease?

1) 54% residual for Automatic
2) Yes...same terms for manual, 55% residual for automatic. (which makes 39 month term much better).

nicks4

Thank you