Anyone know the current lease rates on the 8? Residual and MF
I'm looking to lease another 8 and am currious what the rates are compared to rates I had on my 04.

Thx, IU

 

Go to leasecompare.com.

 

leasecompare does not show residuals or Mazda finance money factors

 

IU,

I am alos checking out 05 lease rates and wondered what you got for rates on the 04?

Thx!

 

Wow... mazda must not want you to lease an 8 right now. I don't think you can lease an 05 through mazda credit and they might as well not lease an 06 with this crap:

2006 Mazda RX-8 4dr Coupe Automatic

24 mo/15k mi - 52% residual – Money Factor .00298 Base Rate
36 mo/15k mi - 44% residual – Money Factor .00321 Base Rate
48 mo/15k mi - 36% residual – Money Factor .00339 Base Rate

2006 Mazda RX-8 4dr Coupe Manual

24 mo/15k mi - 56% residual – Money Factor .00298 Base Rate
36 mo/15k mi - 47% residual – Money Factor .00321 Base Rate
48 mo/15k mi - 39% residual – Money Factor .00339 Base Rate

 

So what were your lease rates on the 04?

 

When I plug the data into leasecompare.com, I get residuals. My computer must be better.

 

That is just crap. Obviously Mazda doesn't have enough faith in the car to give you the option of putting in back to them at any kind of reasonable cost. Basically Mazda is saying that the put option on this car (a.k.a. lease) is way more expensive than let's say an Audi A4 for example (3 yr residual: 58%, money factor: .0008).

This is not a good sign for a car in my opinion. When the manufacturer is obviously stating that they don't want you to lease, it means that they don't want the cars put back to them, which undermines any claim of faith they put on the car long term from a resale perspective.

Obviously Mazda finance is well aware of the car's poor resale performance thus far.

I bet the lease rates in '04 were FAR better than this.

 

What do you mean poor resale performance? AFAIK, 8's retain their value pretty good?

Low lease rates do not say anything about Mazda's commitment to the car. They say more about them knowing about the reliability of the car - its only 4 years old and until they have some better reliability figures for turned-in leases, they're gonna continue to make leasers pay a premium. The reason you can lease a saturn for peanuts is because there are tons of people willing to buy a used saturn because they're reliable. Given all the issues with early 8's (from flooding to 12mpg), its not surprising that they can't sell them.

The other biggest factors affecting resale on 8s right now are (i) the fact that new 05s can still be had for $25k. (ii) The post-katrina gass-guzzler blowout that made people start paying attention to gas mileage. The latter has not just affected 8's, but the whole market.

 

I think you were being sarcastic with your first line, but I don't know what AFAIK means so I dunno.

Yes, the 8's have horrible short term resale values and that in my opinion is the main reason for the crappy lease deals. I'd be very interested to know what the lease deals were in late '03 when the car first came out.

I have a good feeling that they were much better then when MAC was more optimistic about resale valuations.

All I know is that I have become a big believer in leasing cars given the right terms since it gives you option of putting a car back to the dealer if after 2-3 years you are not satisfied. That option cost can be very cheap or very expensive depending on the car. In the case of the 8, it is clearly very expensive.

 

AFAIK means "as fas as I know".

Saturn's are reliable? Maybe the planet, but not the car.