Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Mazda3 Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
my brother-in-law is actually saving money by leasing. he plans to buy the car at the end of the lease, but thanks to the subsidized rate through mazda, he will be saving about $400 by taking the 27-month lease now and financing the balance for 36 months later compared with financing the full amount for 60 months now.
This isn't a fluke. Take a look at volvo's recent programs, for instance. They were offering somewhere in the neighborhood of $6500 cash if you lease through an independent bank. That money ONLY applied to leases, not financing. So if you financed the car, you'd pay ALOT more for it.
All things being equal, yes, it is probably safer to finance. But things aren't always equal. There are deals out there where leasing saves you money.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
well, again, he does plan on keeping it. it just so happens that leasing and then buying out the lease is going to save him money in finance charges thanks to the low lease rate.
I think that buying a car, with half down is the ideal.
And again here, it really isn't as easy as a blanket statement. Every situation is different. As you said, depreciation is definitely something to take into consideration, as are interest rates. Let's say, for instance, you have $10k to put down. That $10k is probably invested somewhere earning interest (at least it should be). Now let's say the manufacturer you want to buy from has a low finance rate. It might be 1.9%, for instance. Your investment is making 4.5% in the meantime. Taking money out of that investment to buy the car would not be the ideal situation in this case.
Its pretty much the same situation with leasing. For example, my Honda lease has a MF that is equivalent to something ridiculous like 1.9%. It would not have been in my best interest to finance it at 6% when I can take advantage of their subsidized lease rate. Just like my BIL is taking advantage of the Mazda program, which is at around 4%, rather than paying 6.5% on a 60-month loan.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
But in all fairness, a lease can be a great deal and/or buying a car right out can be a great deal. It all depends on many factors.
s grand touring auto...msrp around 23000..i would like to follow the 24 month program they have now...little as possible down...my use tax is 5%..thanks in advance..fred
Anyway I am looking for same thing. Waiting for someone to post the April numbers.
Car_man
Host
Prices Paid Forum
You absolutely should negotiate the selling price of the car that you are interested in prior to having the dealer work up a lease payment on it for you. You don't have to mislead the dealer that you are working with about the fact that you want to lease as long as you are firm about the fact that you want to negotiate the price of your vehicle before discussing payments. You can shop around with several dealers for the lowest possible selling price on the Mazda3 that you want and then have the one that gives it to you for the most attractive price calculate your monthly payment using Mazda's buy rate lease money factor.
Car_man
Host
Prices Paid Forum
Let's take a look at the selling price that you were quoted for this car. A base 2007 Mazda3 5-Door s Touring has a spread of only around $1,250 between its full MSRP and its dealer invoice price. So the discount of $1,500 that you were quoted looks very attractive to me. If you like the car, I personally don't see any reason not to pull the trigger on this deal.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
You got me in #117.
Please tell me what my monthly payment should be on a 36-month lease, 12k miles a year, for a Mazda 3 with a price of $17,700. We would put $2000 down, to cover all fees, first payment, etc. The dealership wants $243 a month...seems high to me.
Thanks.
Thanks very much.
have you seen the advertised lease deal? $189/mo with a hair over $2k down for only 24 months. Your 36-month deal does not sound too enticing to me.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
In any case, the options don't affect the deal all that much. If you read back, you'll see my BIL got a 3s touring automatic with SAB, 6cd, and moonroof (right around $20k msrp) for $211/27 mos and $3k down. It would have been about $250 with $2k down.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
personally, those extras are worthless to me, so i wouldn't pay $2 or wait for the car. but that's just my opinion. you may WANT those things.
You really should look at the 2-year deal. You may be surprised. The number is probably amazingly close to your 3-year deal, if not better. That just happens to be where the mazda incentives are right now.
should be easy enough. Just call the dealer you've already got the verbal with and ask him what the payment would be on the same car, same down, for 2 years, because you've read that mazda has great 2-year deals right now.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Hey, its whatever you need, right? Good luck with the car. enjoy.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
We are looking at a Mazda3 for our daughter... very nice car. We went to Mitchell Mazda in Enterprise, Alabama today and got a quote on a 36 month lease. I wish I had paid closer attention to the car though, because I'm not totally sure of the details. If I'm not terribly mistaken this unit had the 6 disc in-dash CD changer, satellite radio and I believe floor mats. It listed for around $18500-18700. I remember them showing me the invoice and I want to say it was around $17200-17300. I may be a $100 or so off. The unit is red, 2.0 liter engine, automatic... I think it's the i Touring 4dr sedan.
Initially they quoted us zero down and $322 month. Of course I wasn't even going to consider that much per month. They came back at me with zero down and $286 month or $1500 down and $256 month. Ultimately the best deal he offered me was $500 down and $269 month... and that was supposedly the best they could do. He said they were selling it at invoice.
The lease quotes are all 36 months and include the wear and tear coverage, with 10,500 miles per year, which is plenty for our daughter. She averages less than 500 miles per month.
For $17300 or there abouts, does $500 down, 36 @ $269 sound reasonable? We may go ahead a pop $1000 down and see where that gets us... or is it better to pay more down? I guess it makes sense to pay more down and not pay the lease fees on that portion.
Thanks!
If your looking for a manual tranny in the northeast they are in very short supply...So your location might help you to decide when to buy. If your in the northeast, waiting won't help...the deal doesnt matter if you can't get the car.
I guess the question now is whether the supply will remain constant for the 07s (i.e. are they making more?). If not, will the lease rates change significantly that I will not regret waiting until September. Put another way, if I can't talk the wife into an stick and I'm stuck with the auto, will there be screaming deals at model year end that will make me feel better?
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
could you please give me the residual % and money factor for super preferred/preferred/standard credit tiers for a 24-month lease on a i Touring 4dr 5A mazda3?
Thanks!
Car_man
Host
Prices Paid Forum
It is definitely not in your best interest to make a down payment when leasing. Consumers can and should lease any vehicle that they want without making any capitalized cost reduction. Those who make one risk losing it if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
FYI I'm looking at the 3s Touring Hatch with auto with sun/CD package.
I leased the S Grand Touring, with spoiler, in Automatic transmission.
MSRP $21,955
Selling price $20,551.32
Gross cap cost $21,399
Zero $ down. 36 months, 15K. monthly payment= $335 incl tax.
inception and first month's payment= $1477.68
1) mazda-3 S-touring (4-door), 3-year lease with 15k miles
2) nissan altima 2.5S, 3-year lease, 15k miles?
thanks very much!
sr