Lease Question _ Help!
09-30-2005 | 01:17 PM
#1
Thread Starter
Registered User
Joined: Sep 2005
Posts: 3
Likes: 0
Lease Question _ Help!
Mazda has a 24month lease (12K miles/yr) deal on the Rx-8 that expires on 10/3/05 on a 2005 model for $299/month. I've been haggling with a local dealer on a loaded MT and got him down to $28K, when I told him I'd want to lease he said sure pymt would be about $468, the $299 deal is on a base no frills model, is this accurate??? This dealer has 15 RX8's in his lot, I am in NJ. Any thoughts would be appreciated.
Carlos
Carlos
09-30-2005 | 01:22 PM
#2
RX8 ADDICTED!!!
Joined: Aug 2003
Posts: 1,108
Likes: 0
here this is from www.edmunds.com It is shown as a base 6mt model . Figure for every 1000 over the base price your payment will be approx 20 more a month.
$299 Monthly Payment Calculate Other Monthly Payments
24 Month Term
$2000 Down Payment
$300 Security Deposit
12000 Annual Mileage
Restrictions Lease is based on the 2005 RX-8 with a manual transmission.
Comments Dealer may contribute up to $1,531 towards the down payment for the $299 monthly payment. $2,599 is due at signing. Incentives may vary; see your local dealer for details. Tax, tags and insurance are extra.
24 Month Term
$2000 Down Payment
$300 Security Deposit
12000 Annual Mileage
Restrictions Lease is based on the 2005 RX-8 with a manual transmission.
Comments Dealer may contribute up to $1,531 towards the down payment for the $299 monthly payment. $2,599 is due at signing. Incentives may vary; see your local dealer for details. Tax, tags and insurance are extra.
09-30-2005 | 01:31 PM
#4
RX8 ADDICTED!!!
Joined: Aug 2003
Posts: 1,108
Likes: 0
Mazda RX-8 Compact Coupe Manufacturer to Customer Manufacturer to Dealer
Rebates Financing Leasing
Manual Shinka Special Edition Styles 4dr Coupe (1.3L 2rtr 6M) cash
Manual Styles
4dr Coupe (1.3L 2rtr 6M) cash leases <<<< right here
Automatic Shinka Special Edition Styles
4dr Coupe (1.3L 2rtr 4A) cash
Automatic Styles
4dr Coupe (1.3L 2rtr 4A) cash
Rebates Financing Leasing
Manual Shinka Special Edition Styles 4dr Coupe (1.3L 2rtr 6M) cash
Manual Styles
4dr Coupe (1.3L 2rtr 6M) cash leases <<<< right here
Automatic Shinka Special Edition Styles
4dr Coupe (1.3L 2rtr 4A) cash
Automatic Styles
4dr Coupe (1.3L 2rtr 4A) cash
09-30-2005 | 01:34 PM
#5
RX8 ADDICTED!!!
Joined: Aug 2003
Posts: 1,108
Likes: 0
here is the same from mazdas website
2005 RX-8 6-Speed $299/Month, 24-Month Lease, $2,599 due at Lease Signing after $2,000 cash back*. Includes 1st Month’s Payment and Security Deposit. Excludes taxes, title and fees.**
* The Amount due at Lease Signing is higher in the following states: North Carolina ($2,994); Virginia ($2,994); and West Virginia ($3,011).
** Dealer participation required. Not all lessees will qualify for lowest payment through Mazda American Credit. Some payments higher, some lower based on residency and other factors. Not available for NY residents. Lessee responsible for excess wear and mileage over 24,000 at $0.15/mile. Total payments of $7,176. Purchase option at lease end for $16,461. Take new retail delivery from dealer stock by 10/03/05. See participating dealer for qualifications.
* The Amount due at Lease Signing is higher in the following states: North Carolina ($2,994); Virginia ($2,994); and West Virginia ($3,011).
** Dealer participation required. Not all lessees will qualify for lowest payment through Mazda American Credit. Some payments higher, some lower based on residency and other factors. Not available for NY residents. Lessee responsible for excess wear and mileage over 24,000 at $0.15/mile. Total payments of $7,176. Purchase option at lease end for $16,461. Take new retail delivery from dealer stock by 10/03/05. See participating dealer for qualifications.
09-30-2005 | 02:07 PM
#7
1 Savior, CTHULU
Joined: Jun 2005
Posts: 151
Likes: 0
From: Silicon Valley
Make sure that they aren't hosing you on the interest rate which is pretty easy to do with a lease since they use a "money factor" rather than interest rate. This is pretty confusing to most of us and is probably why leases use it instead of interest rate. Check around on the web for a lease calculator that will show you what's going on in the lease and allow you to convert to interest rate. You can haggle on the money factor as dealers can add on extra to increase their profit.
10-03-2005 | 09:34 AM
#8
Registered User
Joined: Nov 2004
Posts: 376
Likes: 0
From: Cincinnati
I'm just catching up on email from the last few days, so hope this is not to late. You can always compare lease prices at leasecompare.com to see if the dealer is trying to screw you over (and many will). You input the sale price, the amount down, and the term, and then it gives you at least five quotes, each with a money factor. If your dealer is way far off in price, and there is not another dealer near you that you can bargain with, you can lease through this website and pick the car up at the local dealer.
10-13-2005 | 07:30 PM
#9
Silver 05,REVI RAM AIR
Joined: Oct 2005
Posts: 47
Likes: 0
wow interesting deal they have going....well i am in NC and leased ine about a month and a half ago....i paid 0$ out of pocket except first months payment and 399 a month for 4 years with 12000 miles a year. im not sure what the exact name of my model is but its the 6speed with the bose system no nav though. didnt have rotary accents or fender strakes...i added them. hmmmm thats about it.. you should pay under 400 a month
Thread
Thread Starter
Forum
Replies
Last Post
nferguson88
RX-8 Parts For Sale/Wanted
1
10-06-2015 01:45 PM