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Residual seems quite low

w951wxjw951wxj Posts: 6
edited October 2016 in Mazda
Here is the deal one dealer is quoting me for a Mazda 3 - GT in Wisconsin
Gross Cap - 24864
Net Cap - 23199

They are quoting me $342 for 39 months on 15K/year -

That leaves a residual of 42%ish - that seems like a very low residual

What am I missing

Comments

  • kyfdxkyfdx Everywhere, USAPosts: 122,984
    w951wxj said:

    Here is the deal one dealer is quoting me for a Mazda 3 - GT in Wisconsin
    Gross Cap - 24864
    Net Cap - 23199

    They are quoting me $342 for 39 months on 15K/year -

    That leaves a residual of 42%ish - that seems like a very low residual

    What am I missing

    What is the MSRP?
    You can't reverse engineer a lease variable, without having all of the other variables.
    Like the money factor.

    Sedan or Hatch?
    i or s model?
    Auto or manual?

    Answer those three questions, and we can give you the residual percentage.

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

    Edmunds Moderator

  • sedan
    I GT
    24751 is MSRP
    AUTO
  • MichaellMichaell ColoradoPosts: 114,006
    w951wxj said:

    sedan
    I GT
    24751 is MSRP
    AUTO

    39/15 lease numbers (assuming this is a 2016) are 46% and .00001

    Using your MSRP and net cap, I get $303/mo before tax.

    What is the tax rate in WI?

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    MODERATOR

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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