Mazda6 Lease Questions

davskins97

Wow, that really is special since Mazdausa.com has this listing in the Special Offers for the lowest model Mazda6:

2009 MAZDA6 i Sport AT (MSRP $19,220)
$229/Month, 36-Month Lease, $2,824 due at Lease Signing after $850 Mazda Customer Lease Support.

Somewhere there's almost $4000 missing there. But in my rough calculations I see about every $1000 in MSRP or down payment changes the monthly by about $30, so 4 X $30=$120 + $229 = $349. Like I said, a rough approximation, but I bet not too far off.

jacalyker

Now the 21920 car is 199/month + 999 and TTD, 36 months

flyerguy1

All,
I am planning on leasing a 2009 mazda 6i sport with auto transmission. I understand the MSRP inc destination is $21920

I believe the November program numbers for a 36 month lease with 10k miles a year are 49% and .00044 for the iSport

I got a "best" offer of $1700 total out of pocket (inc TTDMV and first month) and $258 a month.

Question:
Are my assumptions correct?
Does this look like a good deal? I feel like it should be a little lower and that there are some aquisition or other fees included.

Finally, I live in NY and am transfering my registration from my old car. The dealer wants to charge me a total of $205 to handle registration /title/ inspection/processing fees.

This seems high given that it only costs $7.50 to transfer registration.

Your thoughts and advice is greatly appreciated.

ajpbf7

Thanks Carman! Can you provide the December MF and residual for 10K per yr on the Mazda 6s Touring? I really appreciate it.

joe2010

flyerguy1

Sold Mazda's until recent slowdown for 6 years. don't know NY state laws, but usually leases have a few fees that look like one large fee. it includes a documentation fee, title, and license fee. depending on states/local rules the amount varies (in my state/locale the fees total $350). my state and local documentation fee is $250 by itself & the other $100 is for plates, title, & registration (you usually can't transfer lease plates...unless special circumstance which is another topic) . don't know how your tax rates are or work, but based on the information you have provided it seems like you are getting a pretty decent deal on the car. If your tax rate were 7% the car is being offered around $19600.

flyerguy1

Hey Joe,

Thanks for the information. In New York the taxes are 8.625%. Nice huh? Guess I got a good deal...

Anyone interested in the dealer, let me know.

Flyerguy1

CarMan@Edmunds

No problem, ajpbf7. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda6 Touring Sedan with an automatic transmission and 10,000 miles per year are .00044 and 47%. When negotiating your lease on this car, make sure to take advantage of the $850 lease cash that is currently available on it.

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templer16

Hi Car Man,

Just got back from looking at a 09 Mazda 6 I Touring with the convenience package. Sticker on it was 24,850 and dealership offered me 317/mo + tax with a 1000 down on a 12k 36mo lease. Dealer quoted the actual sales price of 20,780 and 22,784 after fees and OTD(whatever hell that is). I need to know how much more room I have left to negotiate with. My original goal was to get this car for 300/mo with 0 down on a 36mo lease. Any chance of this happening base on these first numbers? Oh btw I live in Colorado if that helps with anything

joe2010

Please make sure that you either build into your lease or pay upfront the $150 fee from Chase to waive the disposition fee at the end of the lease which last I heard was about $300. Mazda Credit never charged disposition fees (a fee "OF NO VALUE" to turn your vehicle in); however Chase does.

To answer the question accurately you would have to know all of the fee structures:
Aquisition Fee $595
Doc, License, & Registration $200-400 depending on where you live
1st Payment $317
Disposition Waiver $150

Total fees on this vehicle before tax should not exceed $1200-1400, unless out in Colorado you have some fees that I am not aware of. If you assume that they were showing you $20780 which includes the $850 lease rebate, the total fees are actually $1304.

My guess is that they are not truly selling you the vehicle for 20780. If they were, you would be between 240-250+ tax.

$22784 is probably invoice or near so. If that is what they are really charging you & your tax rate were 7.25% & they are building in all of your fees then you should be $333 w/tax, $1000 down, and no prepayment of disposition fee or $338 w/disposition fee waiver.

A true sign & drive (no money down & no money out of pocket) would be $362 or $367 w/fee waiver using the same above assumptions.

Good Luck!

templer16

Well I finally decided to go ahead and get a new mazda6 i Touring with the convience package. All in all it was actaully a really nice experience, much better that my previous one when buying a CX-7.

At the end of the day I leased the car for zero down 292.50 encluding tax with a residual buy out of 11,944 on a 36mo/12k. The sticker MSRP was 24,900. So far seems to be a great car and more importantly the wife loves it!

Just curious to see how my numbers are stacking up against others?

CarMan@Edmunds

Hi templer16. If I was in the market for this car right now, I personally would shoot for a selling price of a couple hundred dollars over dealer invoice minus the $850 cash incentive that Mazda is providing on leases of it.

It looks as though the dealer invoice price of this particular car is around $22,850. Subtract $850 from that and you're at $22,000. Add a couple hundred bucks for the dealer and you are at around $22,300 or so. The selling price of $20,780 that you were quoted is outstanding for a lease using Mazda's special program. Just make sure that the dealer uses its special lease money factor of .00044 to calculate your monthly payment and you're in business.

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leepoffaith

Could someone please provide the money factor and residual value of a Mazda 6s Touring for 24 and 36 months with 12k per year. Also, does anyone know if the 850 lease incentive is still valid? Thanks!

tamzab

I posted this in another forum too, Im not sure which one I should post it in, so I did both.

Im looking for the base 09 Mazda 6. I'm getting the car under the S plan.

Went to Maple Shade Mazda in Turnersville, NJ

The dealer info doesnt add up to me. The invoice I got off of Edmunds said $17,601 plus destination charge. The salesman said that Edmunds was innacurate and the invoice was $19,739. He said the $19,739 included $670 destination fee, a $253 Philadelphia assessment fee (he said all Mazda's have this, its an advertisement fee, I have never heard of it) and a $87 level 2 emission fee (He said NJ requires it... idk). That is $2,138 more than the invoice... That soulds way off to me.

The S-plan is usually the invoice and a 2% discount right? maybe I got the wrong info.

Here's the numbers he gave me

MSRP: 21,020 (Edmunds said it was $18,550)
Invoice including the fees, $19,739 (thats what he said is the lowest he could go) Edmunds said $17,601
Cap reducation of 903.00 (I dont know what that is...)
Term: 36 months
Money factor: .0002300
Cash Due: $1600 (that includes $750 of my money, the 1st month payment, and $850 lease support from Mazda) But now that I just added it.... that doesnt make sense.. It would have to be $1,893.41

Monthly payment 293.41, that does not include gap insurance

He said Taxes are $762.28 , we are 7% in NJ
The it says fees/Lessor $403.30 - he said that was the tags.

Am I getting ripped off or is he actually right? I just dont understand how he can say Edmunds is wrong.

CarMan@Edmunds

Greetings leepoffaith. Here's the information that you're looking for. Mazda's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Mazda6 s Touring with 12,000 miles per year are .00027 and 55%, respectively. The numbers for an otherwise identical 36 month lease are .00023 and 46%. The $850 cash incentives on leases is still available.

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CarMan@Edmunds

Hi tamzab. The pricing information that is available here at Edmunds.com does not add in the mandatory destination charge for vehicles until after you have selected the options that you want. Even after adding destination to the invoice price that you got here, the number that the dealer quoted you sounds high. It is $2,138 over the invoice number that you said is listed here, yet when the dealer tried to explain the difference to you the charges that they mentioned only add up to $1,010.

There are tons of Mazda dealers in New Jersey. I suggest that you try shopping around with another dealer or two to see what sort of prices they quote you.

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jvost

Hi Car Man -

Can you confirm the buy rate for a Mazda 6i grand touring 36 mos 12k lease is .00023? 0.55% interest? Also residual of 46%?

If so, great rate!

Thanks!

chuck68516

What are the current 36 month lease numbers on a 2009 Mazda 6 i Grand Touring with 10K per year in the Omaha, Nebraska area. I was told this region doesn't get the $850 lease cash. Thanks.

jodony1

Just signed on a 6 i Grand Touring AT black on black leather with moonroof/bose for 36 months / 12k per year in greater NY area.

Price: S-Plan price (available to anyone) $26,332 - $1,000 loyalty (for Mazda customers) - 850 lease incentive (for anyone) = $24,482
Money factor 36m/12k mi: 0.00023 (very low!)
Residual 44% - not too bad.

Monthly $342 (taxes upfront) (at 10k/y it would be $337)
Taxes and fees upfront total $2300.

Zoom zoom!

johnnycinco5

Templer16...hoping you can provide insight on how you were able to get the lease numbers down. I just test drove the '09 Mazda6 iTouring w/convenience package. Dealership quoted me MSRP of 23,375 less rebate of $850 for purchase price of $22,525. For $0 out of pocket lease that works out to $393/mo. They used residual value of 47% (or $10,986.25) on 36mo/12k. Sales tax around here is 8%. The money factor offered was .0013 or 3.12% and they told me it's determined by Chase so they have no control over that. Basically told me only thing they had room to move on was purchase price of vehicle.

What type of numbers were you able to get that helped you get down to $292/mo? My wife really likes the car but I was figuring I could get it for like $300/mo. Right now that doesn't seem possible. Thanks for any insight!

indianajohns

I was quoted $390/36 months on a 2009 Mazda6 i Grand Touring with everything except Technology Package. MSRP was over $28,000. The only way to get it down to under $390 would be to to what Templer16 did and put $2,300 down, although I don't ever recommend putting money down on a lease.

dolsey01

I was in a Boston area Mazda dealer today and they had no problem getting in the higher threes 380-390 for a S Grand Touring with a MSRP over 31K with only drive off fees down (1K) or a 36M12K lease. Nice car but BAD dealership. Anyhow, you should be able to do a bit better.

stoopy

$1,000 of fees paid upfront are going to lower your payment by $25+ a month. The offer mentioned was ZERO down. I don't think it's possible to get better than $390 a month with out putting money out of pocket.

CarMan@Edmunds

Hi jvost. Mazda's new February buy rate lease money factor for a 36 month lease of any 2009 Mazda6i is .00013. This is about as close to zero percent interest as one can get on a lease. I believe that the residual value that you posted is correct.

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CarMan@Edmunds

Hi chuck68516. I don't believe that the $850 lease cash is available on the '09 Mazda6 any longer anyhow. Mazda's current buy rate lease money factor for a 36 month lease of any '09 Mazda6i is an amazingly low .00013.

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CarMan@Edmunds

Congratulations on getting your new Mazda6, jodony1. Thanks for taking the time to break down your deal for everyone. If you have the time, you can hop on over to the Dealer Ratings & Reviews section of Edmunds.com as well to share your thoughts on your dealer experience. Enjoy your new ride !

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jodony1

I just want to clarify my $2300 payment I made on signing (see post 204). It was NOT a down payment but a collection of taxes and fees, as follows:

First month $334.37
DMV plus doc fee $125
Acquisition fee $595
NY tire tax $12.50
NYS Inspection $10.00
Cap reduction tax = taxes on rebate and loyalty = 7.375% of $1850 = $136
Monthly use tax = 36*334.37*7.375% = 887.50
Taxes on bank fee $44.00

Like others I would advise against a down payment on a lease. The car is a blast.

indianajohns

It doesn't matter if you paid a $2300 security deposit. The point is you put money down on a lease. No matter what that money went towards you are still out $2300. If your vehicle is stolen or totalled in an accident you will never see a dime of that money. Not to mention that putting down money on a lease completely defeats the purpose of leasing. If you are putting down over $2K you might as well just buy it.

PS: If you are paying cap reduction tax you made a cash down payment or traded in a car. The dealer just confused you, hiding it in the lease contract. You don't pay taxes on rebates, ask any dealer, (except the dealer you leased through).

jodony1

Hi indianjohns, you must be a tough cookie to sell (or lease) a car to... :-) I take your point about the money upfront - of course you can put all your cash into the monthly payments but that's a matter of choice too. I for one do not want to put everything into higher monthly payments.

Now as for your cap reduction tax: either I was dumb to pay the $136 tax or the dealer has acted against the law - claiming to charge a tax in writing to me while according to your claim it is not a tax. That would be illegal. Moreover a cursory search at these forums reveals there are many others who have paid this tax in the past..... car_man, can you advise? or do I call a lawyer? :confuse:

chuck68516

My thoughts are if you paid your acquisition fee and taxes that could definitely be considered Cap Cost Reduction since they are normally included in the lease. Not 100% on that though. I hope you figure it out. I also would not recommend putting down any money on a lease. Sign and drive. At most pay 1st payment at signing.

I did have a Ford lease where they pulled a fast one on me and added in WearCare (security deposti) without telling me it was optional. As soon as I got home and reviewed the paperwork I called the General Manager and told him I wanted my money back or I was going to complain to Ford. They sent me a check in the mail the next day. I hope you find a similar outcome.

soupcon

i'm wondering if anyone knows what the march lease rates (residual/money factor) on the mazda 6 grand touring model is (36mo/15k).

thanks in advance....