Ploppity Drown

As seen here: http://www.edmunds.com/reviews/list/...5/article.html

Apparently the lease offer for October is a sweet one. But it's not posted yet on the Mazda website: http://www.mazdausa.com/MusaWeb/disp...entives.action

The lease offer for September is $2,329 down, $329/month for the remaining 35 months of the 36 month term; 36,000 miles; purchase at end of lease for $12,974. The purchase offer is $2,250 cash back.

Looks like Edmunds' has some insider information on next month's offers. It will be interesting to see what incentives Mazda will offer to clear out the 2007 8's to make way for the (facelifted/freshened?) 2008's.

Especially for me, as I am still on the fence about getting an 8. And with the Tokyo Auto Show around the corner, now doesn't seem like the right time to buy a new car.

Anyone out there know the Lease/Purchase Offers for October?

solo8

I believe the consensus is they're building the facelifted RX8s in 2008. They'll be 2009 models, unless I missed an update yesterday.

ac3mastuh

iTrader: (1)

anytime a great incentive comes out its because they're trying to unload the "old" model

solo8

They've had the same incentive offer for purchases for several months now. That's when I first started looking at them with serious consideration. Still, buying a 1 year-old model turned out to be a better deal for a loaded GT model.

rglbegl

$2300 down . . . 329 per month . . . does that include tax?
This is not too bad, if it a fully loaded GT you are talking about

But any dealer will sell it for $0 down and about $299 + tax per month. As long as you have good credit. And if you do not have good credit . . . . you are not getting ANY leases.



The residuals for Mazda have never been that great to make a Lease REALLY worthwhile.

imput1234

iTrader: (6)

sounds like a great deal

Ploppity Drown

It's not a GT, it's a 2007 RX-8 Sport MT. Probably without the Performance Package. Probably doesn't include tax.

Not sure where your getting $0 down/$299+tax per month on a purchase. The loss leader is $22,000 before tax and the cheapest payment you could expect for that is still $325+tax. That's 7 years at 6.50%. A 7-year auto loan.

And regarding the residual value, the depreciation is a factor whether you lease or buy. The banks are smart. You'll be in the same financial situation whether you do a 3-year lease or you buy it and then sell it three years later.

But I see what you mean. Leasing a car with high depreciation is a bad idea. I think leasing only makes sense financially if you can write if off as a business expense.

rglbegl

That is not a good deal

I never said purchase. That is the best lease offer I have recieved.
My purchase is UNDER $400 per month. But it is a sport, loss leader that I bought for $19,999 + fees. That is the best deal I have heard on a NEW RX8 so far

Yes, on certain cars that are hard to find. But think about the 350Z; Do you really think the car will still be worth what the (inflated) residual tells you it will be worth? Supply vs. demand. there is an oversupply of 3 year old Z's . . . so are they still worth what the dealer/bank ( who REALLY wanted to sell the car, so they fudged the numbers ) said they would be worth?

People, please listen to me!!! ; There are only a couple of cars that are really worth it to lease. Whether you get the right-off or not . . . MOST cars are tough to make a lease better than a purchase.


Jake <---- Toyota dealership finance guy

Ploppity Drown

I agree. Leasing only makes sense for the consumer in very rare cases. Dealerships like leases because they allow them to move a car that the consumer can't afford to buy. If you can't afford it, don't buy it. Advice clearly not heeded by Joe Public; see subprime mortgage crisis.

That's a hell of a deal you got, even for a loss leader RX-8. $19,999 + tax and fees. Closest I've seen to that is $21,999 + tax and fees. If you don't mind my asking, what Trim/Options was it? and from which dealership here in Socal? Norco?

rglbegl

Yes, it was Norco. I had a standing offer at 3 dealerships for over 3 months before one of them picked it up. When the dealership was being sold, they needed a few more units to hit a manufacturer bonus. Since the old owner wanted the bonus for himself, not the new owner, he gave away my car along with a few others just to make quota.
My car was a brand new 2006 sport. $21,499 was the loss leader price, plus $1000 back for financing through Mazda Acceptance corp. So the dealer only went $500 back in profit. My guess is their quarter bonus was $40-50k. ( I work for Toyota, that is about our average quarterly unit bonus )