I just left the Mazda dealer with what I think is a very high lease... 2016 Mazda 6 Touring Base Automatic $0 down and $365/Month $25,000 MSRP, not sure of selling price. I'm in NJ 7.00% Sales Tax
That seems very high to me for a car in the mid $20k
I just left the Mazda dealer with what I think is a very high lease... 2016 Mazda 6 Touring Base Automatic $0 down and $365/Month $25,000 MSRP, not sure of selling price. I'm in NJ 7.00% Sales Tax
That seems very high to me for a car in the mid $20k
I would agree.
MF is .00001 for 33/36/39 month terms in November. Residual is 56% for 33/15, 54% for 36/15 and 53% for 39/15.
I would expect a payment under $300/mo, but would need to know the cap cost in order to give you an accurate number.
I just left the Mazda dealer with what I think is a very high lease... 2016 Mazda 6 Touring Base Automatic $0 down and $365/Month $25,000 MSRP, not sure of selling price. I'm in NJ 7.00% Sales Tax
That seems very high to me for a car in the mid $20k
I would agree.
MF is .00001 for 33/36/39 month terms in November. Residual is 56% for 33/15, 54% for 36/15 and 53% for 39/15.
I would expect a payment under $300/mo, but would need to know the cap cost in order to give you an accurate number.
Thanks for the reply Michaell. Do you think under $300/month is possible with a sign and drive, $0 down?
Hi Michaell - after spending numerous hours researching how to take the mystery out of car leasing, I came up with a formula, accompanied by explanations, that hopefully simplifies the numbers process. I'd really appreciate your opinion and especially comments about any mistakes that I might have made - thanks
Monthly Lease Payment Formula: Depreciation Fee Plus Finance Fee Plus Sales Tax
Depreciation Formula: Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates Less Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease Divided by Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing) Net Capital Cost = (see above) Plus Residual Value = (see above) Multiplied by Money Factor = lease charge (provided by dealer and expressed in decimals) Divided by (net capital cost + residual value x term) (To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: depreciation fee Plus finance fee Multiplied by your local sales tax
Hi Michaell - after spending numerous hours researching how to take the mystery out of car leasing, I came up with a formula, accompanied by explanations, that hopefully simplifies the numbers process. I'd really appreciate your opinion and especially comments about any mistakes that I might have made - thanks
Monthly Lease Payment Formula: Depreciation Fee Plus Finance Fee Plus Sales Tax
Depreciation Formula: Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates Less Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease Divided by Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing) Net Capital Cost = (see above) Plus Residual Value = (see above) Multiplied by Money Factor = lease charge (provided by dealer and expressed in decimals) Divided by (net capital cost + residual value x term) (To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: depreciation fee Plus finance fee Multiplied by your local sales tax
There is no "Divided by" in the Finance portion of the formula. Once you add the CAP cost and residual, then multiply by the money factor, that is the monthly rent charge.
Hi Michaell - after spending numerous hours researching how to take the mystery out of car leasing, I came up with a formula, accompanied by explanations, that hopefully simplifies the numbers process. I'd really appreciate your opinion and especially comments about any mistakes that I might have made - thanks
Monthly Lease Payment Formula: Depreciation Fee Plus Finance Fee Plus Sales Tax
Depreciation Formula: Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates Less Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease Divided by Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing) Net Capital Cost = (see above) Plus Residual Value = (see above) Multiplied by Money Factor = lease charge (provided by dealer and expressed in decimals) (To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: depreciation fee Plus finance fee Multiplied by your local sales tax
There is no "Divided by" in the Finance portion of the formula. Once you add the CAP cost and residual, then multiply by the money factor, that is the monthly rent charge.
Not sure why I put that in there. I'll re-post the corrected copy for the community if everything else is ok.
Here's how you apply the numbers that you'll need:
Depreciation Formula: Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates Less Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is a guaranteed price that you can buy the vehicle for at the end of the lease Divided by Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing) Net Capital Cost = (see above) Plus Residual Value = (see above) Multiplied by Money Factor = lease charge (provided by dealer and expressed in decimals) (To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: = depreciation fee Plus finance fee Multiplied by your local sales tax (note: some states charge tax on the MSRP or total value, so be sure to check your states rules)
Here's how you apply the numbers that you'll need:
Depreciation Formula: Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates Less Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is a guaranteed price that you can buy the vehicle for at the end of the lease Divided by Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing) Net Capital Cost = (see above) Plus Residual Value = (see above) Multiplied by Money Factor = lease charge (provided by dealer and expressed in decimals) (To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: = depreciation fee Plus finance fee Multiplied by your local sales tax (note: some states charge tax on the MSRP or total value, so be sure to check your states rules)
Just one item to note ... the sales tax calculation depends on where you live. Most states simply tax the monthly payment.
Some states (MD, TX, GA) apply sales tax to the entire selling price of the car, up front. This amount can be added to the cap cost or paid upfront.
Other states (OH, NJ, NJ) calculate the entire sales tax due on the sum of the payments, up front. This amount can be added to the cap cost or paid upfront.
hi all. strongly considering leasing a Mazda 6 (preferably touring). will be selling my 20009 Honda Accord to the dealership and using those funds to pay off the monthly lease payment.
is it at all possible to get these cars ~$300/mo. with $0 down? i need at LEAST 12k/mi. year and i'll either be buying in NY or NJ.
this is my first time leasing, so i am definitely green to the game.
hi all. strongly considering leasing a Mazda 6 (preferably touring). will be selling my 20009 Honda Accord to the dealership and using those funds to pay off the monthly lease payment.
is it at all possible to get these cars ~$300/mo. with $0 down? i need at LEAST 12k/mi. year and i'll either be buying in NY or NJ.
this is my first time leasing, so i am definitely green to the game.
thoughts?
thank you!
2016 Mazda Touring automatic. .00001 MF and 56% residual for 36mo, 12K/yr. $650 lease cash.
With an MSRP and proposed selling price, we can calculate a lease payment.
Live and will use car in South Carolina, but buying in Georgia. 2016 Mazda6 Touring 6M. Can I get the residual and money factor for that car? Thanks so much. 12K/39 mos.
Live and will use car in South Carolina, but buying in Georgia. 2016 Mazda6 Touring 6M. Can I get the residual and money factor for that car? Thanks so much. 12K/39 mos.
I am trying to put this deal together and am wondering about the lease cash available. I am a current chase/mazda lease customer. From what I understand, I get the $650 lease cash that everyone does, but there is also 500 & 750 loyalty cash out there. My dealer is saying that I can get the 500, but not the 750 if I lease-that the 750 is only on a purchase. The deal is contingent (in my mind) on having that $1250 of combined loyalty cash to cover some negative equity in my trade. Can you shed some light on if I get the $500 only if I lease, or can combine both to get $1250? From the Edmunds site, it looks like I can combine.
I am trying to put this deal together and am wondering about the lease cash available. I am a current chase/mazda lease customer. From what I understand, I get the $650 lease cash that everyone does, but there is also 500 & 750 loyalty cash out there. My dealer is saying that I can get the 500, but not the 750 if I lease-that the 750 is only on a purchase. The deal is contingent (in my mind) on having that $1250 of combined loyalty cash to cover some negative equity in my trade. Can you shed some light on if I get the $500 only if I lease, or can combine both to get $1250? From the Edmunds site, it looks like I can combine.
Thanks,
There are usually two different programs that run concurrently - one for purchase, another for lease. They cannot be combined.
Use the "Car Research" tab at the top of the page to link to the Edmunds incentive information - that should shed some light on what is available.
Therein lies my confusion. The verbiage from the Edmunds site seems like they can be combined:
MCS Loyalty Lease Bonus Cash is available towards leasing to customers who currently own or lease a Mazda vehicle. Must finance through Mazda Capital Services (Chase Auto Finance). Current vehicle trade-in or lease termination is not required. Offer is transferable within same household.
Bonus $ Offer Type Start End $750
Owner Loyalty Bonus Cash is available towards leasing or retail purchases to customers who currently own or lease a Mazda vehicle. Current vehicle trade-in or lease termination is not required. Offer is transferable within same household. Can be combined with other offers.
Hi, what is the current MF & residual for a 2016 Mazda 6 Touring automatic - 33/36/39 @ 10k mi in Southern CA? Assume the $650 lease cash still applies. Thanks in advance!
Hi, what is the current MF & residual for a 2016 Mazda 6 Touring automatic - 33/36/39 @ 10k mi in Southern CA? Assume the $650 lease cash still applies. Thanks in advance!
Actually meant for a Grand Touring model, not Touring. Safe to assume 57% and .00001% w/ $650 lease cash? thanks!
Hi, what is the current MF & residual for a 2016 Mazda 6 Touring automatic - 33/36/39 @ 10k mi in Southern CA? Assume the $650 lease cash still applies. Thanks in advance!
Actually meant for a Grand Touring model, not Touring. Safe to assume 57% and .00001% w/ $650 lease cash? thanks!
.00001 MF and 59%/56%/56% residual. $650 lease cash
Comments
Please provide numbers for iTouring and iGrandtouring for 39/12 and 39/15 in CT area. Thanks
$650 lease cash.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Add 2% for 12K
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
2016 Mazda 6 Touring Base Automatic
$0 down and $365/Month
$25,000 MSRP, not sure of selling price.
I'm in NJ 7.00% Sales Tax
That seems very high to me for a car in the mid $20k
MF is .00001 for 33/36/39 month terms in November. Residual is 56% for 33/15, 54% for 36/15 and 53% for 39/15.
I would expect a payment under $300/mo, but would need to know the cap cost in order to give you an accurate number.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Monthly Lease Payment Formula:
Depreciation Fee
Plus Finance Fee
Plus Sales Tax
Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is guaranteed price that you can buy vehicle at end of lease
Divided by
Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
Divided by
(net capital cost + residual value x term)
(To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: depreciation fee
Plus
finance fee
Multiplied by
your local sales tax
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.00001 MF and 57%/55%/54% residual. $650 lease cash.
Add 2% for 12K/yr
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.00032 MF and 50% residual
$650 lease cash
Assuming auto transmission
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Depreciation Fee + Finance Fee + Sales Tax = Total monthly lease payment
Here's how you apply the numbers that you'll need:
Depreciation Formula:
Net Capitol Cost = negotiated sales price + add on dealer fees and taxes not paid up front + prior loan balances - down pmt and trade in or rebates
Less
Residual Value = projected value of vehicle at end of lease. (provided by dealer and expressed in % of MSRP which is a guaranteed price that you can buy the vehicle for at the end of the lease
Divided by
Term = # of months
Finance Fee Formula : (comprable to interest on a loan if purchasing)
Net Capital Cost = (see above)
Plus
Residual Value = (see above)
Multiplied by
Money Factor = lease charge (provided by dealer and expressed in decimals)
(To convert Money Factor to APR, multiply money factor x 2400)
Sales Tax Formula: = depreciation fee
Plus
finance fee
Multiplied by
your local sales tax
(note: some states charge tax on the MSRP or total value, so be sure to check your states rules)
Some states (MD, TX, GA) apply sales tax to the entire selling price of the car, up front. This amount can be added to the cap cost or paid upfront.
Other states (OH, NJ, NJ) calculate the entire sales tax due on the sum of the payments, up front. This amount can be added to the cap cost or paid upfront.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks!
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33/36/39 and 15 residuals:
Touring AT - 56% / 54% / 53%
GT AT - 56% / 53% / 53%
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
33/36/39 months...thanks in advance!
.00001 MF and 54%/51%/50% residual for 12K/yr. Add 1% for 10K/yr.
$650 lease cash.
Add 5% for automatic residuals.
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39 months is the better term.. .00001 MF and 55% residual
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Either model.
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RV and MF for Southern CA Mazda6 GT 36mo/12,000mi
Thanks,
No typos
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Same numbers for 39/12, as well.
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is it at all possible to get these cars ~$300/mo. with $0 down? i need at LEAST 12k/mi. year and i'll either be buying in NY or NJ.
this is my first time leasing, so i am definitely green to the game.
thoughts?
thank you!
With an MSRP and proposed selling price, we can calculate a lease payment.
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks,
Use the "Car Research" tab at the top of the page to link to the Edmunds incentive information - that should shed some light on what is available.
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MCS Loyalty Lease Bonus Cash is available towards leasing to customers who currently own or lease a Mazda vehicle. Must finance through Mazda Capital Services (Chase Auto Finance). Current vehicle trade-in or lease termination is not required. Offer is transferable within same household.
Bonus $ Offer Type Start End
$750
Owner Loyalty Bonus Cash is available towards leasing or retail purchases to customers who currently own or lease a Mazda vehicle. Current vehicle trade-in or lease termination is not required. Offer is transferable within same household. Can be combined with other offers.
Bonus $ Offer Type Start End
$500
But, my dealer is telling me otherwise....
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Thank you
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
1. How different are the numbers (RV & MF) for a2016 Mazda6 4 Door Sport AUTO for 39 months / 15K?
2. Is there a 36 month lease?
2) Yes...same terms for manual, 55% residual for automatic. (which makes 39 month term much better).
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