Has anyone leased a Mazda recently

Anonymous · ‎08-05-2017

Had subprime credit for many years due to being young and stupid. Last two cars were purchased in my husbands name. Have improved credit over the past few years and hoping to lease myself in a few months. FICO around 660 with credit karma and cap 1 saying 705. 10,000 CL over 4 cards and utilization will be around 10%. Do not have a mortgage and last car loan was around 2000-2001. No late payments in last three years and one small collection paid collection from 2014. Looking to lease a CX-9. Chances of approval and can anyone share recent lease numbers. TIA!

Anonymous · ‎08-06-2017

I would search through the car loan approvals listed above in the sticky. I know there are some Mazda leases in there that can help you a bit. I suggest getting your real scores, specifically your Auto scores if you want an accurate answer. CK and Capone are useless in general because nobody uses those versions of scores and they vary a great deal from your Auto scores which is what is important for car loans/leases. Sounds like in general your making good progress, the best investment I have made in my rebuild has been subscribing to Myfico for scores, I think its well worth the cost because you know exactly where you stand and how the scores are impacted as the alerts come in.

bigpoppa09 · ‎08-06-2017

Also to add what i have read is Mazda doesn't have a Captive lender they use Chase for leases.

Anonymous · ‎08-15-2017

HI!

I have had two leases with Mazda since 11/2016. I can tell you that they are pretty easy to get approved with as long as you have the down payment that they're asking for. My scores are around the same. For a CX9, you're going to need a huge down payment as that isn't a cheap SUV. My 2016 I had got, I only put 1500 down and only got approved for 12,000 for 4 years. I traded it in in March and got a 2017 Mazda3 GT, 2500 down but they dropped my mileage down to 10,000 for 4 years due to the length of the last lease. The lienholder will make a huge difference. Both my leases were through Chase. They're not that bad. I'm sure you will get approved for mainly anything they have as long as you can pay your portion. My ulil was at or above 30% each time. I have one collection now but 2 at the time of approval. Some lates from student loans over two years ago. I'm sure you'll be fine!