what did the asterisk next to the "special price" refer to? I don't see a corresponding footnote in your post.

Using edmunds calculator, I've gotten close to their figures. Since you have to pay all the tax on the car, that makes a big difference. If I use the calculator and roll in the processing fee and taxes into the cap cost (total of $22,999), I come up with $453. However, the edmunds calculator insists on a security deposit, so that may be why its coming up a bit high.

Based on all of this, I would be looking to finance for 5 years if I were you. It would be almost exactly the same price, but you'd avoid the acquisition fee and any mileage restrictions.

I am in the market for a Mazda 3 Grand Touring with a nav system. The Westchester, NY dealer I spoke with said that the money factor for the 2008 edition was DOUBLE what the 2007 edition was, but the residual was higher.

In other words, the 2008 editions had a money factor of .00278 (was .00139 for an'07) and the residual was 61% (was 57% for an '07).

Is this guy yanking my chain? How can the money factor be so high for the next year's model? Or is this the norm?

Question on your formulas- In determining P (Payment) you need: F(Money factor)check R(Residual value) check T(Term) check and... A(adjusted cap cost).....but to determine A(adjusted cap cost) you need C(Amounts Capitalized/financed) in which you includes 1st month's payment

Your formula for A....A=(V+C)-D.....V and D are known, but what about C...you know security and acquisition fees, but C also includes 1st month payment ...but P can only be calculated when A(adjusted Cap Cost) is determined?

I feel like this is the chicken/egg condodrum??? What am I missing?

Yup, the first payment is being capitalized. There is a little algebra involved but if you send me an email at...

diffeq@zoominternet.net

I'll be happy to send you a paper I wrote that explains how to compute payments when the first is capitalized. Also, let me know how NJ computes sales tax. My guess is that they levy tax on the payment streams.

There are lots of recommendations on this site to negotiate the price to bring down the capitalized cost as low as possible and to put down little or no down payment.

1. Are the lease specials negotiable i.e. can I bring still negotiate on the purchase price? 2. How do I get details about the residual, money factor etc. for this lease special?

I posted this in the prices paid forum as I am considering buying as well, but this seems to be a better place to ask. Here is the deal I was offered from Arlington Mazda in Virginia. Despite reading up on leases, it's still a bit confusing. Appreciate any input on whether this is a decent deal or not. Thanks in advance.

2008 automatic 5-door mazda3s, grand touring, with the 2mc package (Moonroof, 6-CD and Bose Audio) option.

24 month lease - The Residual is 69% of MSRP $15865.17 - The money factor is .00152. - 10,500 miles per year lease. - lease changes by 2% residual for the 12k miles per year lease. $8057 OnePay option.

So bottom line, it's about 8k to lease this car for 2 years. Please advise if I left out key details. Thanks!

I need the residual for a Mazda3 "S" for 36 months, 12K/yr. Also, the base money factor and the acquisition fee through Mazda Financial. Is the money factor different for an "I" vs an "S"?

hello, ive been going back and forth with a couple dealers in sacramento here, this is the best deal ive gotten. im looking to leave a mazda 3 2.3 s 4 door by the way, heres what the dealer emailed me, please let me know what you guys think, thanks

Alan-

Yes the 2.3 in white comes with the black interior. The payments are as follows. The 2.3 sport comes standard with all of the features of the i touring, but with a larger engine, so don't worry about it not having the features that you are looking for, because the i sport is the only car that does not come with power windows and locks

36 month lease $2500 down Sacramento County tax rate

2008 i touring 12,000 miles per year $208.03 plus tax per month total payment $224.15 residual $10,705.55

2008 i touring 15,000 miles per year $217.54 plus tax per month total payment $234.40 residual $10,342.65

2008 S sport 12,000 miles per year $225.25 plus tax per month total payment $242.71 residual $11,008.42

2008 S sport 15,000 miles per year $235.19 plus tax per month total payment $253.42 residual $10,628.80

I hope that this clears up any confusion. Please let me know when you would like to come in and which model you are most interested in.

this is the deal on mazda's website: $249/Month, 24-Month Lease, $2,249 due at Lease Signing. Includes 1st Month's Payment. Excludes taxes, title and fees.

that is for a 3s sport with auto trans at 12k miles/year. now, of course what is missing there is title and fees. It is also for a 24-month lease as opposed to your 36-month deal.

So I would say, off the top of my head, it seems fair. I mean, you are putting another $250 down, which may cover about half the fees. $250 in fees rolled into the lease is roughly $7 per month. Plus your quote is $25/month less ... all of that is of course because you are taking it for an extra year.

All in all, I don't know if what they are quoting you is exactly right because I don't have all the numbers, but it seems at least darn close. What you REALLY need to know is the selling price. If it is MSRP, then I'm sure you could do better.

its the auto trans. and as far as the selling price she quoted me 16,996 for an 2.0i touring and 220-240 a month with the same down payment. i think i might be leaning twards the 2.0 but im still not sure. of course the 2.0 gets better gas mileage but im just not sure yet if i need the extra hp. i know its only around 10 or so more hp which in my opinion doesent really make a diff at that point. anyone have opinions on this one? in your guys opinion should i go with an i touring or a 2.3 sport?

also too im in the process of trying to get rid of my 07 dodge charger before i can make this mazda 3 a reality. i was told next month this offer will no longer be valid so am i gonna be sh** out of luck if i cant sell my current car my the end of the month? she told me next months lease prices shouldnt be much different but i just dont wanna get screwed.

my bro-in-law felt the 2.3 was well worth the 1-2 mpg hit. but that's something you have to drive and decide for yourself. it isn't just a 10 hp difference, though, i can tell you that much. I mean, it might appear that way, but the larger displacement also typically means a flatter torque curve, which makes a much bigger difference in daily driving.

wow. an '07 Charger? that's gonna be a hell of a depreciation hit.

thats good to know. i didnt really think of it that way. but i totally get your point there. its definetly going to be a daily driver and i dont know if i could bring myself to getting the 2.0 just because i know the 2.3 is alot more fun to drive on a daily basis correct?

Just got back from the dealer..wanted to price an '08 S grand touring with Bose package/spoiler/Sirius at S plan pricing (invoice) No money down except 1st month payment. 2 year 15K lease. He quoted me $443 a month! That seems very high to me. Can anyone confirm these numbers: Stick Shift residual is 64% and money factor is .0029 Price was S plan pricing which was about 21,400K. $439 a month...I could probably buy the car for less per month. Anyone think this is right???????

damianinpa, The S-Plan price without the spoiler/Sirius is $20,360.00. So, it's an extra $1,040 for those two items??!! Also, my guess is that your money factor is a bit too high. I'd say with a factor .00152 it should take you to $370 a month with no down. That should be a more reasonable amount. It may depend on your current credit score.

I'll have to check the numbers, but, I'm fairly sure it was about 21K. No doubt though, the money factor was .0029 and they did NOT run credit. He stated this was based on top credit of Tier 0. I'm going to call another Mazda dealor today. I guess it is possible that the 2 year factor is this high. He quoted me $389 a month for a 3 year lease. Still, Toooo much! I can get a Mid-side Ford Fusion for $380 a month for 2 years!

the lease specials on the mazda site use a much lower MF. I don't know what exactly, but it is most definitely not what you were quoted. The dealer is either quoting you full bank rates or they are marking up mazda's rate.

Personally, to avoid confusing the matter, I would call a dealer (if they will give you this info over the phone is another matter) and ask them what the MF and residual is for mazda's advertised deals on their website.

OK..just got back from another Mazda dealer and here are the real numbers. S Grand touring stick shift has residual of 64%. Auto would be 66%. Money Factor is .00229 Payment for S grand touring with Bose/moonroof (S plan pricing) would be $399 for 2 year 15k miles and $350 for 3 years 15k miles. Those are the real numbers...still seems High, but, that is it. I'm thinking of going Ford since the leases are better.

Damianinpa, the $399/month with $20,360.00 S-Plan Agreed Upon value would be correct for 24 months, but not the 36 months amount. The monthly payment would be around $295. If you're considering the 36 months for a 3, then it's worth going back to the dealership.

Hi plasticmoonrai. Manufacturers usually provide less lease support on new models than they do on leftover models. The reason for this is two fold. First, the residual values for new models are higher than they are for leftover models so manufacturers do not need to provide as much support on them to arrive at reasonable lease payments. Number two, manufacturers want to make leftover models more attractive than new ones to help dealers sell out their remaining inventory.

Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Mazda 3i with 15,000 miles per year are .00238 and 57%, respectively.

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Here's the information that you're looking for, jak51. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Mazda3 s with 12,000 miles per year are .00238 and 56%, respectively. The numbers for an otherwise identical lease of a Mazda3 i are .00238 and 57%.

Car_man Host Prices Paid: Buying & Leasing Experiences Forum

OK..here is what I ended up with: '08 S grand Touring with Bose package, wing spoiler and Sirius. All at S plan pricing. 3 year lease with $500 down = $368 a month. If money factor changes for Early Nov. they will adjust pricing, but, it is unlikely it will change. He showed me the numbers. Car is on a boat headed for US..I'll get it early Nov. Damian

Congrats Damian! Much better choice than a Ford.. Tell me, how much was the Agreed upon Value, Lease Aquisition fee and processing fee. Did you have to pay for the S-Plan Administrative fee as well?

I'll be shopping for a Mazda 3 locally this weekend. I think the Mazda 3 currently has Dealer Holdback. Is it 1% of the MSRP value ? An 18,000 MSRP would be $180 holdback. Also, I want to get Invoice price and a lower Cap Cost Reduction below $2000. I'm not a great negotiator, but I'm going to ask them for this anyways. I leased a $28,000 Jeep one time and only paid $500 Cap Cost Reduction.

I think the Mazda 3 currently has Dealer Holdback.

every mass produced car always has holdback. I'm not sure what mazda's percentage is. I know it is listed here on Edmunds somewhere. In any case, it really doesn't matter to you because if you bring that up in negotiations, you will only dig yourself a hole. It would be as offensive to the dealer as it would be to you if they wanted to discuss your monthly take-home pay and how much you pay for groceries.

Also, I want to get Invoice price and a lower Cap Cost Reduction below $2000.

You can make your cap cost reduction whatever you want it to be (including $0). It will simply affect your montly payment.

Went to Mazda to look at a used 3.. ended up leasing an '08, (haven't signed the papers yet because we didn't bring my trade with us - didn't expect to do anything that day)

When I got home and started looking around online I think I am going to be paying too much with the deal that they are offering me...seems to me that for just about the same amount for 60 months I could own the thing.

If someone could give me their opinion that would be great!

I Touring (with ABS, Wheel lock and Moonroof/CD pkg) MSRP 19,085 36 months 15,000 miles based on a $2,500 trade $339 a month

I've researched the bottom line price holdback (which for Mazda is 2% of the base) what percent the dealer should make on a sale (between 4-8 %) I used 5 % and 6.5 % in my calculations I have good credit so I can get a rate of 6.91% for financing I calculated my trade at $2,000(wanted to be on the lower side just in case)

With those numbers plus tax, title and license I'm getting around $350 or $356 a month for 60 months to BUY the car

## Comments

20,608Using edmunds calculator, I've gotten close to their figures. Since you have to pay all the tax on the car, that makes a big difference. If I use the calculator and roll in the processing fee and taxes into the cap cost (total of $22,999), I come up with $453. However, the edmunds calculator insists on a security deposit, so that may be why its coming up a bit high.

Based on all of this, I would be looking to finance for 5 years if I were you. It would be almost exactly the same price, but you'd avoid the acquisition fee and any mileage restrictions.

'12 EX35 Journey AWD; '14 Jetta TDI wagon; '98 Volvo S70 base; '14 Town&Country Limited; '09 LR2 HSE. 42-car history and counting!

4Would you mind e-mailing me your excel spread sheet- there are few numbers on Deltas Acura proposal I am not coming to- thanks

jjmurray14@yahoo.com

46In other words, the 2008 editions had a money factor of .00278 (was .00139 for an'07) and the residual was 61% (was 57% for an '07).

Is this guy yanking my chain? How can the money factor be so high for the next year's model? Or is this the norm?

THANKS.

4F(Money factor)checkR(Residual value)checkT(Term)checkand...

A(adjusted cap cost).....butto determine A(adjusted cap cost) you need C(Amounts Capitalized/financed) in which you includes1st month's paymentYour formula for A....A=(V+C)-D.....V and D are known, but what about C...you know security and acquisition fees, but C also includes1st month payment...but P can only be calculated when A(adjusted Cap Cost) is determined?I feel like this is the chicken/egg condodrum??? What am I missing?

606Yup, the first payment is being capitalized. There is a little algebra involved but if you send me an email at...

diffeq@zoominternet.net

I'll be happy to send you a paper I wrote that explains how to compute payments when the first is capitalized. Also, let me know how NJ computes sales tax. My guess is that they levy tax on the payment streams.

John

Medina, Ohio

25Does anyone know the money factor and residuals for a 24 month/15,000 year lease term?

Thank you in advance.

1e.g a 2008 mazda3 , the lease special is 189/Month, 24-Month Lease, $2,189 due at Lease Signing. Includes 1st month.

http://www.mazdausa.com/MusaWeb/displayRegionalIncentives.action

There are lots of recommendations on this site to negotiate the price to bring down the capitalized cost as low as possible and to put down little or no down payment.

1. Are the lease specials negotiable i.e. can I bring still negotiate on the purchase price?

2. How do I get details about the residual, money factor etc. for this lease special?

72008 automatic 5-door mazda3s, grand touring, with the 2mc package (Moonroof, 6-CD and Bose Audio) option.

24 month lease

- The Residual is 69% of MSRP $15865.17

- The money factor is .00152.

- 10,500 miles per year lease.

- lease changes by 2% residual for the 12k miles per year lease.

$8057OnePay option.So bottom line, it's about 8k to lease this car for 2 years. Please advise if I left out key details. Thanks!

17I need the residual for a Mazda3 "S" for 36 months, 12K/yr. Also, the base money factor and the acquisition fee through Mazda Financial. Is the money factor different for an "I" vs an "S"?

Thanks

4Alan-

Yes the 2.3 in white comes with the black interior. The payments are as follows. The 2.3 sport comes standard with all of the features of the i touring, but with a larger engine, so don't worry about it not having the features that you are looking for, because the i sport is the only car that does not come with power windows and locks

36 month lease $2500 down Sacramento County tax rate

2008 i touring 12,000 miles per year $208.03 plus tax per month total payment $224.15 residual $10,705.55

2008 i touring 15,000 miles per year $217.54 plus tax per month total payment $234.40 residual $10,342.65

2008 S sport 12,000 miles per year $225.25 plus tax per month total payment $242.71 residual $11,008.42

2008 S sport 15,000 miles per year $235.19 plus tax per month total payment $253.42 residual $10,628.80

I hope that this clears up any confusion. Please let me know when you would like to come in and which model you are most interested in.

Thanks,

Alicia

20,608this is the deal on mazda's website:

$249/Month, 24-Month Lease, $2,249 due at Lease Signing. Includes 1st Month's Payment. Excludes taxes, title and fees.

that is for a 3s sport with auto trans at 12k miles/year. now, of course what is missing there is title and fees. It is also for a 24-month lease as opposed to your 36-month deal.

So I would say, off the top of my head, it seems fair. I mean, you are putting another $250 down, which may cover about half the fees. $250 in fees rolled into the lease is roughly $7 per month. Plus your quote is $25/month less ... all of that is of course because you are taking it for an extra year.

All in all, I don't know if what they are quoting you is exactly right because I don't have all the numbers, but it seems at least darn close. What you REALLY need to know is the selling price. If it is MSRP, then I'm sure you could do better.

'12 EX35 Journey AWD; '14 Jetta TDI wagon; '98 Volvo S70 base; '14 Town&Country Limited; '09 LR2 HSE. 42-car history and counting!

4420,608wow. an '07 Charger? that's gonna be a hell of a depreciation hit.

'12 EX35 Journey AWD; '14 Jetta TDI wagon; '98 Volvo S70 base; '14 Town&Country Limited; '09 LR2 HSE. 42-car history and counting!

422Can anyone confirm these numbers:

Stick Shift residual is 64% and money factor is .0029

Price was S plan pricing which was about 21,400K.

$439 a month...I could probably buy the car for less per month. Anyone think this is right???????

66Also, my guess is that your money factor is a bit too high. I'd say with a factor .00152 it should take you to $370 a month with no down. That should be a more reasonable amount. It may depend on your current credit score.

Good luck to you

2220,608Personally, to avoid confusing the matter, I would call a dealer (if they will give you this info over the phone is another matter) and ask them what the MF and residual is for mazda's advertised deals on their website.

226638,515Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Mazda 3i with 15,000 miles per year are .00238 and 57%, respectively.

Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

38,515Car_manHost

Prices Paid: Buying & Leasing Experiences Forum

22'08 S grand Touring with Bose package, wing spoiler and Sirius. All at S plan pricing. 3 year lease with $500 down = $368 a month. If money factor changes for Early Nov. they will adjust pricing, but, it is unlikely it will change. He showed me the numbers. Car is on a boat headed for US..I'll get it early Nov.

Damian

66Tell me, how much was the Agreed upon Value, Lease Aquisition fee and processing fee. Did you have to pay for the S-Plan Administrative fee as well?

Enjoy your new ride when it arrives.

520,608I think the Mazda 3 currently has Dealer Holdback.every mass produced car always has holdback. I'm not sure what mazda's percentage is. I know it is listed here on Edmunds somewhere. In any case, it really doesn't matter to you because if you bring that up in negotiations, you will only dig yourself a hole. It would be as offensive to the dealer as it would be to you if they wanted to discuss your monthly take-home pay and how much you pay for groceries.

Also, I want to get Invoice price and a lower Cap Cost Reduction below $2000.You can make your cap cost reduction whatever you want it to be (including $0). It will simply affect your montly payment.

4Thanks!

2Hey just wanted to get some feedback..

Went to Mazda to look at a used 3.. ended up leasing an '08, (haven't signed the papers yet because we didn't bring my trade with us - didn't expect to do anything that day)

When I got home and started looking around online I think I am going to be paying too much with the deal that they are offering me...seems to me that for just about the same amount for 60 months I could own the thing.

If someone could give me their opinion that would be great!

I Touring (with ABS, Wheel lock and Moonroof/CD pkg)

MSRP 19,085

36 months

15,000 miles

based on a $2,500 trade

$339 a month

I've researched the

bottom line price

holdback (which for Mazda is 2% of the base)

what percent the dealer should make on a sale (between 4-8 %) I used 5 % and 6.5 % in my calculations

I have good credit so I can get a rate of 6.91% for financing

I calculated my trade at $2,000(wanted to be on the lower side just in case)

With those numbers plus tax, title and license I'm getting around $350 or $356 a month for 60 months to BUY the car