This is a very important question, as that alone might cause me to get the RX-8 sooner than usual. And that might or might not be a good thing.

What I want to know is:

-What was the cost of car? (at or below MSRP?)
-How much did you put down?
-What is the monthly payment?
-For how long? (Lease Term)
-Money Factor (Lease Rate percentage)
-Stipulations for lease (miles per year, balloon payment, other things that is important but not mentioned)


The reason I'm asking this is that I went to a dealer is Santa Fe last weekend and he said that there is a lease deal of $299/month for a $30,500 RX8. You'd put down about $4000 and make those payments for 48 months.

 

Not a bad deal on the face of it. By comparison, our was:

Cap cost: $30,824
Cap cost reduction: $3500
Term: 39 months
Mileage: 15k/year ($0.18/mile excess)
Residual: 54%
Money factor: 0.00270
Monthly payment: $415
Termination fee: $395

Make sure you check out leaseguide.com before you get into a lease - if you've never done one before, there are many pitfalls and traps to beware of. In particular, run your figures through their calculator to check that everything appears kosher.

 

These numbers are not exact but the Total out of pocket, Sticker Price and Monthly are:

Sticker Price: $32,999
Selling Price: ~$31,017
Term: 48 months
Mileage: 15k/year ($0.17/mile excess)
Residual: ~46%
Money factor:~0.00295
Monthly payment: $449 including 7% Florida sales tax
Termination fee: $0
Total out of pocket $3,000

 

Numbers are approximations.

Sticker Price: $36,000
Selling Price: $36,000 (I got for 33k with S-Plan, but rolled 3k of neg equity into lease)
Cap Cost Redux: $0
Term: 39 months
Mileage: 15k/year ($0.18/mile excess)
Residual: 54%
Money factor:~0.00295
Monthly payment: $607
Termination fee: $395
Total out of pocket $0

 

I'm negotiating with sales people on both an 8 and a Z, and the Z guy keeps telling me its bogus to worry about negative equity entering a lease if its only a couple grand. The Mazda people disagree. In my case it'd be about 3K, but I'm curious if anybody else here has been told anything either way.

 

I just did a 5 year lease for $299 a month; tax (6.25% here in Texas), title and license down, around $2,000. Traded in a truck that they gave me 6,000 for. Seemed like a good deal to me.

I forgot to add that it is a fully loaded 6-speed (with the Navigation system too) that had a MSRP of $35,454 (give or take a few bucks, I forgot the last few figures!)

Roy

 

Were these factory-supported leases or something that the dealership aranged on their own? My local dealer is telling me the 8 is "not available via leasing" from the dealership, which I assume means MNAO. Any help here?

 

I think that the dealership arranged these leases on their own. If they were supported by MNAO, then wouldn't we be seeing a whole lot more of $299/month leases?

 

Mine was through a third-party leasing company. At the time, Mazda Credit's money factors weren't anywhere near competitive.