Car Buying Advice - Is this a good deal for a Mazda 6 GT Lease ?

ahmadka

I'm interested in leasing a new Mazda 6 Grand Touring with Premium package for 24 months with 12k mileage limit per year with $0 down, and one dealer has quoted me $399/month while another has quoted me with $411/month. Both are excluding tax. Are these good numbers ?

kyfdx

ahmadka said:

I'm interested in leasing a new Mazda 6 Grand Touring with Premium package for 24 months with 12k mileage limit per year with $0 down, and one dealer has quoted me $399/month while another has quoted me with $411/month. Both are excluding tax. Are these good numbers ?

What is the MSRP?
Selling price?

This vehicle will probably lease at a much lower rate for 36 months vs. 24

ahmadka

Okay here's another deal I have received for a 2017 Mazda 6 GT with Premium package:

MSRP: $34,425
Sale Price: $30,327
Factory Cash: $3,250
Final Car Price: $27,077
Doc Fee: $80
Payoff: $0
Lic/Fees/Acq: $595
Total: $27672

Lease Term: 24 months
Mileage/year: 12k
Money Factory: 0.00001
Residual Value: $19,966

First Payment before driving off: $1500
23 remaining monthly payments, each is: $332.21/month (excluding tax)

How is this deal ?

kyfdx

ahmadka said:

Okay here's another deal I have received for a 2017 Mazda 6 GT with Premium package:

MSRP: $34,425
Sale Price: $30,327
Factory Cash: $3,250
Final Car Price: $27,077
Doc Fee: $80
Payoff: $0
Lic/Fees/Acq: $595
Total: $27672

Lease Term: 24 months
Mileage/year: 12k
Money Factory: 0.00001
Residual Value: $19,966

First Payment before driving off: $1500
23 remaining monthly payments, each is: $332.21/month (excluding tax)

How is this deal ?

With those numbers, I get $321.54/mo.+tax, with just first payment and DMV charges upfront (under $1000 total).

Other than their final numbers not matching the calculations, it looks like a good deal.
About $25/mo. less for a 33 month term.

avarma44

I'm looking to lease a Mazda 6 GT for 36 months, and below is a quote given to me by one of the dealers:-
MSRP: $31,870
Sale Price: $30,340
Dealer Discount: $1530
Adjusted Capital Cost: $26,844.91
Acq fee: $595
Gross cap cost: $31,014.99
Rebate: $3,250
Paid by customer: $2,000
Residual value: $15,935

The lease options given are, with $2000 down -$360.93pm
with $2500 down - 346.26pm

Is this a good deal..?

Michaell

avarma44 said:

I'm looking to lease a Mazda 6 GT for 36 months, and below is a quote given to me by one of the dealers:-
MSRP: $31,870
Sale Price: $30,340
Dealer Discount: $1530
Adjusted Capital Cost: $26,844.91
Acq fee: $595
Gross cap cost: $31,014.99
Rebate: $3,250
Paid by customer: $2,000
Residual value: $15,935

The lease options given are, with $2000 down -$360.93pm
with $2500 down - 346.26pm

Is this a good deal..?

Is this a 2017 or a 2017.5? There are different lease numbers for the two.

avarma44

Michaell said:

avarma44 said:

I'm looking to lease a Mazda 6 GT for 36 months, and below is a quote given to me by one of the dealers:-
MSRP: $31,870
Sale Price: $30,340
Dealer Discount: $1530
Adjusted Capital Cost: $26,844.91
Acq fee: $595
Gross cap cost: $31,014.99
Rebate: $3,250
Paid by customer: $2,000
Residual value: $15,935

The lease options given are, with $2000 down -$360.93pm
with $2500 down - 346.26pm

Is this a good deal..?

Is this a 2017 or a 2017.5? There are different lease numbers for the two.

this is for a Mazda 6 2017.5 model

kyfdx

avarma44 said:

Michaell said:

avarma44 said:

I'm looking to lease a Mazda 6 GT for 36 months, and below is a quote given to me by one of the dealers:-
MSRP: $31,870
Sale Price: $30,340
Dealer Discount: $1530
Adjusted Capital Cost: $26,844.91
Acq fee: $595
Gross cap cost: $31,014.99
Rebate: $3,250
Paid by customer: $2,000
Residual value: $15,935

The lease options given are, with $2000 down -$360.93pm
with $2500 down - 346.26pm

Is this a good deal..?

Is this a 2017 or a 2017.5? There are different lease numbers for the two.

this is for a Mazda 6 2017.5 model

Those numbers the dealer gave are for the 2017 model (residual and lease cash), not a 2017.5 model.
I get $303/mo.+tax. (using those 2017 numbers)
Your payment seems high, especially with $2000 upfront.
Which state is this?

avarma44

kyfdx said:

avarma44 said:

Michaell said:

avarma44 said:

I'm looking to lease a Mazda 6 GT for 36 months, and below is a quote given to me by one of the dealers:-
MSRP: $31,870
Sale Price: $30,340
Dealer Discount: $1530
Adjusted Capital Cost: $26,844.91
Acq fee: $595
Gross cap cost: $31,014.99
Rebate: $3,250
Paid by customer: $2,000
Residual value: $15,935

The lease options given are, with $2000 down -$360.93pm
with $2500 down - 346.26pm

Is this a good deal..?

Is this a 2017 or a 2017.5? There are different lease numbers for the two.

this is for a Mazda 6 2017.5 model

Those numbers the dealer gave are for the 2017 model (residual and lease cash), not a 2017.5 model.
I get $303/mo.+tax. (using those 2017 numbers)
Your payment seems high, especially with $2000 upfront.
Which state is this?

Thank you for your response. I am in Northern CA. The car had heads up display and leather seats instead of leatherette upholstery. So i thought it was 2017.5. I moved in recently to the US and trying to understand all the terms related to car leasing.

Michaell

avarma44 said:

kyfdx said:

avarma44 said:

Michaell said:

avarma44 said:

I'm looking to lease a Mazda 6 GT for 36 months, and below is a quote given to me by one of the dealers:-
MSRP: $31,870
Sale Price: $30,340
Dealer Discount: $1530
Adjusted Capital Cost: $26,844.91
Acq fee: $595
Gross cap cost: $31,014.99
Rebate: $3,250
Paid by customer: $2,000
Residual value: $15,935

The lease options given are, with $2000 down -$360.93pm
with $2500 down - 346.26pm

Is this a good deal..?

Is this a 2017 or a 2017.5? There are different lease numbers for the two.

this is for a Mazda 6 2017.5 model

Those numbers the dealer gave are for the 2017 model (residual and lease cash), not a 2017.5 model.
I get $303/mo.+tax. (using those 2017 numbers)
Your payment seems high, especially with $2000 upfront.
Which state is this?

Thank you for your response. I am in Northern CA. The car had heads up display and leather seats instead of leatherette upholstery. So i thought it was 2017.5. I moved in recently to the US and trying to understand all the terms related to car leasing.

Some good research material on leases here:

https://www.edmunds.com/car-leasing/