Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Have you recently bought/leased a new car online and requested a home delivery due to coronavirus? A reporter would like to speak to you; please reach out to [email protected] by 4/5 for more details.
Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

2016 Mazda 6 Touring lease question- Help!

burger12burger12 Posts: 4
edited May 2016 in Mazda
I was quoted at my local dealer for a 2016 Mazda 6 Touring (located in Pennsylvania)

$2,000 down, 36 months lease. Per month was $267 (including taxes & fees)

Residual was: $13,288.05
MSRP: $26,860
-5472.00 discounts and rebates
=$21,388 total

This is my first time leasing a car so i'm worried if this is a good deal or not....Please let me know your thoughts!

Comments

  • kyfdxkyfdx Posts: 148,569
    burger12 said:

    I was quoted at my local dealer for a 2016 Mazda 6 Touring (located in Pennsylvania)

    $2,000 down, 36 months lease. Per month was $267 (including taxes & fees)

    Residual was: $13,288.05
    MSRP: $26,860
    -5472.00 discounts and rebates
    =$21,388 total

    This is my first time leasing a car so i'm worried if this is a good deal or not....Please let me know your thoughts!

    What mileage allowance? If it's 10K/yr, then .00001 MF and 51% residual. $2340 lease cash.
    Also, if that's the case, the actual MSRP is $26,055 (I got that working backwards from your residual amount).

    Given those numbers and my assumptions, it seems a little high. Especially with $2000 upfront.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • burger12burger12 Posts: 4
    Its actually a 12k/year mileage allowance. I thought it was a little high too...But maybe its not too high considering a 12k mileage allowance?
  • kyfdxkyfdx Posts: 148,569
    burger12 said:

    Its actually a 12k/year mileage allowance. I thought it was a little high too...But maybe its not too high considering a 12k mileage allowance?

    That would make up a little bit of it..

    But, the numbers still don't mesh. Residuals are always a round number percentage of MSRP. The only round number you can come up with, with the residual amoun you listed is 51%, but then it doesn't match the MSRP you gave. It's hard to give solid advice on the numbers, when there is a problem with the information.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • burger12burger12 Posts: 4
    kyfdx said:

    burger12 said:

    Its actually a 12k/year mileage allowance. I thought it was a little high too...But maybe its not too high considering a 12k mileage allowance?

    That would make up a little bit of it..

    But, the numbers still don't mesh. Residuals are always a round number percentage of MSRP. The only round number you can come up with, with the residual amoun you listed is 51%, but then it doesn't match the MSRP you gave. It's hard to give solid advice on the numbers, when there is a problem with the information.


    I am located in PA. What should be the residual percentage for the Touring for a 36month/12k lease with an MSRP price given to me of $26,860?

  • MichaellMichaell ColoradoPosts: 141,085
    burger12 said:

    kyfdx said:

    burger12 said:

    Its actually a 12k/year mileage allowance. I thought it was a little high too...But maybe its not too high considering a 12k mileage allowance?

    That would make up a little bit of it..

    But, the numbers still don't mesh. Residuals are always a round number percentage of MSRP. The only round number you can come up with, with the residual amoun you listed is 51%, but then it doesn't match the MSRP you gave. It's hard to give solid advice on the numbers, when there is a problem with the information.


    I am located in PA. What should be the residual percentage for the Touring for a 36month/12k lease with an MSRP price given to me of $26,860?

    50% for 36/12

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • burger12burger12 Posts: 4
    Michaell said:

    burger12 said:

    kyfdx said:

    burger12 said:

    Its actually a 12k/year mileage allowance. I thought it was a little high too...But maybe its not too high considering a 12k mileage allowance?

    That would make up a little bit of it..

    But, the numbers still don't mesh. Residuals are always a round number percentage of MSRP. The only round number you can come up with, with the residual amoun you listed is 51%, but then it doesn't match the MSRP you gave. It's hard to give solid advice on the numbers, when there is a problem with the information.


    I am located in PA. What should be the residual percentage for the Touring for a 36month/12k lease with an MSRP price given to me of $26,860?

    50% for 36/12

    Where does that 50% come from? Is that an industry standard for this car?
  • MichaellMichaell ColoradoPosts: 141,085
    burger12 said:

    Michaell said:

    burger12 said:

    kyfdx said:

    burger12 said:

    Its actually a 12k/year mileage allowance. I thought it was a little high too...But maybe its not too high considering a 12k mileage allowance?

    That would make up a little bit of it..

    But, the numbers still don't mesh. Residuals are always a round number percentage of MSRP. The only round number you can come up with, with the residual amoun you listed is 51%, but then it doesn't match the MSRP you gave. It's hard to give solid advice on the numbers, when there is a problem with the information.


    I am located in PA. What should be the residual percentage for the Touring for a 36month/12k lease with an MSRP price given to me of $26,860?

    50% for 36/12

    Where does that 50% come from? Is that an industry standard for this car?
    It is set by the bank financing the lease. Mazda Capital Services, a division of Chase.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • mazda334mazda334 Posts: 3
    edited June 2016
    Thanks!
  • pete9999pete9999 Posts: 1
    Was given $395 a month for a lease , taxes included, no cash down , 15,000 miles a year for a Mazda 6 2016 Touring/Tech Package. Does it sound right ?
  • kyfdxkyfdx Posts: 148,569
    pete9999 said:

    Was given $395 a month for a lease , taxes included, no cash down , 15,000 miles a year for a Mazda 6 2016 Touring/Tech Package. Does it sound right ?

    .00005 MF and 47% residual for 36/15. $2275 lease cash

    What is the MSRP and selling price?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • tarantultarantul Posts: 1
    edited July 2016
    I got pretty similar quote in MD, Mazda 6 2016 Touring + tech package: MSRP 28 830 - 2 408(discount) - 2 275(rebate) = 24 147 total purchase.
    Total purchase 24 147 + 299 (processig) + 1603,26 (tax) + 331(non tax fees) = 26 380.26 (net price).

    No downpayment, 15 000 mileage, got the following monthly payments:
    36 m - 386 $ (MF: 0.00005; RV: 47%)
    39 m - 380 $ (MF: 0.00027; RV: 45%)
    48 m - 332 $ (MF: 0.00038; RV: 42%)

    I wonder can they go down further? And what could be my arguments?

    Thank you in advance.
  • MichaellMichaell ColoradoPosts: 141,085
    tarantul said:

    I got pretty similar quote in MD, Mazda 6 2016 Touring + tech package: MSRP 28 830 - 2 408(discount) - 2 275(rebate) = 24 147 total purchase.
    Total purchase 24 147 + 299 (processig) + 1603,26 (tax) + 331(non tax fees) = 26 380.26 (net price).

    No downpayment, 15 000 mileage, got the following monthly payments:
    36 m - 386 $ (MF: 0.00005; RV: 47%)
    39 m - 380 $ (MF: 0.00027; RV: 45%)
    48 m - 332 $ (MF: 0.00038; RV: 42%)

    I wonder can they go down further? And what could be my arguments?

    Thank you in advance.

    Hmmm, with those prices and numbers, I get the following payments:

    36 - $358/mo
    39 - $354/mo
    48 - $312/mo

    I would confirm the net price with the dealer ..

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.