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Mazda CX-7 Lease Questions

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  • Hi bonesaz. The CX-7 that you described has a $1,930 difference between its full MSRP and its dealer invoice price. The $1,645 dealer discount that you were quoted looks very attractive to me.

    Furthermore, the money factor that you were quoted is right in line with Chase's current program for this model.

    If you like the CX-7, I personally don't see any reason not to pull the trigger on this deal.

    Car_man
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  • Thanks Car_man I appreciate the help, even though I have the lease worksheet it's still difficult at times the way salesmen combine items and call things by different names to make sure I'm not getting taken.
  • You're very welcome, bonesaz.

    Car_man
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  • Car_man,

    Can you give me the December numbers for 2010 CX-7 s Touring with Technology pkg, as well as the Grand Touring (no packages) 36 mo lease, 10,000 mi/yr?

    Thanks, and MERRY CHRISTMAS!!

    Kristina
  • car_man, could I have your opinion on the following?

    Zip Code=19454 (PA)
    MSRP=$24,840
    Lease price=$23,550
    Term=36 months (1st month paid by dealer under Mazda drive away program) Mileage=10,000
    Residual=50%
    Bank rate=.00042
    Acq. fee=$595,
    Monthly Payment=$334 + tax

    How can I get the dealer to pay the last payment of $442 on my current Toyota? The dealers all seem to insist on adding it back in to the new lease.

    Are programs/deals usually better or worse in January than in December?

    Anyone else have any comments?

    Thanks!
  • bldazbldaz Posts: 11
    Please Help me out, my wife needs a car this week

    I must be doing something wrong, using my numbers a 31935 MSRP CX-7 2010
    36 month, 12k miles a year, 0 down
    Base including dest: 31935
    Residual 48% =15328
    Invoice is about 30000 - 15328 = 14672 depreciation
    [divided by} / 36 = 407 +19 = 426 +tax =461 payment
    Money factor is .00042
    tax is 8.3 where i live

    Doc, Reg, Acq = 1448.26
    Cap Cost = 28,038 fees rolled into it
    Discounts are $2145 (500 mazda, 1645 dealer) if this is cash add to down? doesnt this reduce the payment rather than cap cost?
    monthly is $468.00
  • bldazbldaz Posts: 11
    I came up with 383 inc tax on a 39 month 28735 MSRP
    Are there differences between Touring and Grand toruing and sport residuals and money factors? Oh between 39 and 42 months?
    What is the 42 month resid and MF?
  • Car_man:

    I am currently leasing a 2007 GT CX-7. My lease ends this July. I leased w/ 15,000 mpy and just turned 45,000. So every mile I drive now, I am at 0.20 cents a pop.

    So.....

    When is it the best time to LEASE? My dealer says Spring. Are the deals better then? What is your thoughts when deals are better?

    I am thinking of keeping until April and leasing another. Hoping my dealer will forgo my excess mileage (probably around 4k of miles or $800) if I buy from them.

    I had a faulty engine and had it replaced after a year into lease. Mazda made a monthly payment for me ($380) and said they'd throw in $500 ADDITIONAL loyalty if I re-lease at end of my term. I complained in the first year that I was only getting 15 mpg, they said it was driving habits, I said NO - LOL. Weeks later a ticking in my engine caused them confusion and then new engine. So I am hoping to get some kind of special treatment.

    Also I am a Automotive Vendor, in which on my current lease I used my FORD X-Plan. Now that Mazda is not a part of Ford, my dealer finance guy said he can still use my PIN for a 2010???? Does this make sense to you? Do you know anything about this?

    Well I wrote a book, but you can just comment on what ever you feel you can, shortly - LOL..

    Regards,

    Jeff
  • Car_man.....You around?
  • bldazbldaz Posts: 11
    To gobluejd,
    Yes you can use your X-Plan from Ford for a Mazda, also Volvo, The X-plan typically does not mean they have to sell to you but in most circumstances they will. It is about 750 back of invoice and they should show you the invoice too. They also usually wave the dealer Doc fees. The Invoice shows the x-plan numbers and the A- plan (employee of Ford).
    I have bought and leased a few that way, very good deal.
  • Much thanks for your comments. Would you agree that spring is a good time to lease?

    I am thinking about (2) possibilities:

    2010 Mazda CX-7, AWD Grand Touring and Touring. Do you have current rates for this, both in AWD and FWD? No rush. Just want to establish some kind of base line, I have seen your posts on the rates for Nov and Dec.

    Again thanks for your time.

    Regards,

    Jeff
  • bldazbldaz Posts: 11
    Thats a funny thing about what time is best. Another life time ago i was in that business and we said that the end of the year is best. There are more incentives, etc. But its a year old. But on the flip side if you buy in October you get some of last year to drive it and enjoy and the rest of this year and maybe some incentives. So it's a choice.
    Anyway the best time is when you need the car, try not to wreck yourself over it, there is rarley much of a difference.
    The Mazda deal WAS 339 on a base (plus tax)with fees (900) only down, if you extrapolate that out for a Tourning or GT it is 5 to 7 K more expensive so instead of 23K it is 29 or 30K
    This is what I was able to gleam off the internet
    2010 Mazda CX-7 Touring
    24-month | 15k miles | residual 55% | .00045 base money factor
    36-month | 15k miles | residual 47% | .00042 base money factor
    39-month | 15k miles | residual 45% | .00070 base money factor

    2010 Mazda CX-7 GT
    24-month | 15k miles | residual 52% | .00045 base money factor
    36-month | 15k miles | residual 44% | .00042 base money factor
    39-month | 15k miles | residual 42% | .00070 base money factor
  • Thanks car man. Are Residuals and Money Factors negotiable?
  • bldazbldaz Posts: 11
    I am not the "Car man" I was replying to a post.
    Anyway no they are not negotiable but different Banks or financing may be better than what the Manufacturer offers.
  • Thanks!!!!!
  • bldazbldaz Posts: 11
    No problem good luck!
  • I went to dealer yesterday and had them run some numbers to see if my calcs were close. Man....way....way....off!!!!!

    I was using Car_man's #'s on a GT AWD 36 @ 15,000 (44% / 0.00042). The dealer said those were last months numbers????? He used 45% & 0.00132.

    How can I make sure the numbers he is using are right and they are not trying to scam me? I trust the guys as this is my 3rd Mazda, but I need to know how to confirm their numbers?

    Can someone help me out?
  • bldazbldaz Posts: 11
    Apparently, The deal was until the 4th of January -
    And I am not the "car man"-
    My post -"The Mazda deal WAS 339 on a base (plus tax)with fees (900) only down"

    Next -
    Did you take into account the Current Mazda Owners can get Owner Loyalty Cash toward the purchase or lease of a new Mazda?
    current offer is-
    $500 Owner Loyalty Cash toward 2010 MAZDA3, MAZDA6, CX-7 or CX-9

    what was the MSRP?
    Base MSRP
    Brand new
    $ 27,995 - 38,990
    how much are they selling the car for? What is the cap cost?

    Is there any install dealer options? ; ) window tint or paint sealant? $399 and up?

    The old offer from Mazda was an incentivized offer from the manufacturer that the dealer has to discount the car to acheive. I have to also assume you can work the numbers so here goes -
    Here is a representative for a lease with two sets of numbers (OLD and NEW) - on two sets of MF's and Residuals -
    For a 38K car on the old MF and Resid = 501 plus tax (additional 500 dollars release money inc from Mazda)
    For a 27K car on the old MF and Resid = 352.55 plus tax (additional 500 dollars release money inc)
    Your New MF and Residual numbers
    For a 38K car 36 months 45% and .00132
    536.89 plus tax (additional 500 dollars inc)
    For a 27 K car same parameters 385.35 plus tax
    If you are a X -plan? they should be showing you all of the paperwork. So regardless of what is on here does what they are giving you work for you?

    Good luck
  • Hi Kristina. Mazda's current lease money factor and residual value for a 36 month lease of a 2010 CX-7 s Touring AWD with 10,000 miles per year are .00132 and 51%, respectively.

    Car_man
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  • Hi henmobile. As the old saying goes, there's no such thing as a free lunch. If you are already getting the lowest possible selling price on the CX-7 that you are interested in, there's no way that any dealer is going to just eat your final payment on your current car. If you really don't want to roll it into your new lease or have it hamper your ability to get the best possible deal on your new ride, then you probably should just wait a month to get something new.

    Mazda's January lease program for this model does not appear to be quite as attractive as its December program was. That's pretty typical, manufacturers pull out all the stops at the end of the year to make their annual sales totals look as attractive as possible and then pull back a little bit on support when the year-end sales end.

    Car_man
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  • Hi Jeff. Sorry to hear that you've already hit your mileage limit. That's frustrating. Now every time you drive you can see that taxi meter running in your head.

    Unfortunately Mazda's January lease program for this model does not appear to be quite as attractive as its December program was. That's pretty typical, manufacturers pull out all the stops at the end of the year to make their annual sales totals look as attractive as possible and then pull back a little bit on support when the year-end sales end.

    You will likely be able to get a better deal on a lease of a CX-7 in a couple of months that you will be able to get right now. Of course, it's always difficult to predict exactly what manufacturers will do with their future programs.

    Car_man
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  • Hi gobluejd. Unfortunately the numbers that the dealer used to calculate the payment on the CX-7 that you are interested in, .00132 & 45%, are right on the month. As I mentioned in my previous post, Mazda's January lease program is not as attractive as its December program was.

    Car_man
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  • Thanks for the response Car_man. I ended up leasing in late December with the terms as stated -- $334.00 for 36 months. The dealer wrote me a check for the last payment, but that's because he bought my extremely low mileage 4-Runner from Toyota. They also wrote me a check for half of the disposition fee -- $150. So far, I'm enjoying the car. Only wish I could have afforded the Touring. But, I'm satisfied with the deal I got -- especially since the January numbers don't look as good as December.
  • Thanks Car_man.

    I am looking for specific trim and equipment, which I am having to order from Mazda. The manufacturing and transit time is just over 3 months. The problem is with the current numbers it puts me high in payment which is why I was inquiring what possibly rates could be in April. The dealer has said they will order mine for stock and when it comes in if rates suck, they will sell. He said the numbers should be lower in April/May as he said Mazda is looking to gain back vehicle sales. I will just have to wait and see. The difference in numbers made my payment almost $50 higher.
  • You're welcome, henmobile. Enjoy your new ride :shades: !

    Car_man
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  • skylawskylaw Posts: 7
    Can anyone provide the current money factor / residual for March for a GT AWD, 36 months, 15K miles?

    Also, are there any other incentives out there other than the $500 owner loyalty?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, skylaw. Mazda's current lease money factor and residual value for a 36 month lease of a 2010 CX-7 GT AWD with 15,000 miles per year are .00192 and 47%, respectively.

    In addition to the $500 loyalty cash that you mentioned, I believe that Mazda is currently providing $685 cash on leases of this model.

    Car_man
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  • bratrambratram Posts: 2
    Hello:
    Could anyone let me know what the MF and Residuals are for a CX7 Sport with a Convinience Package.
    I hardly see any posts on the cx 7 forum-hope the lack of messages is not a sign of a bad car... :confuse:
    btw-I test drove the car along with a sube forester premium and a mitsu outlander xls. the mazda has great accleration compared to the other two.
    cheers
  • fonefixerfonefixer Posts: 247
    Driving an early cx-7 --purchased 10/2006 --currently 57,000 miles purchased new. Issues so far: leaking oil pan gasket --(dealer replaced) battery died -(replaced) tires--(replaced)-- water pump/ timing chain/ vvt actuator (keeps timing chain tight)--dealer replaced under warranty. Is this an excessive maintenance list at 57,000 miles---? A very good question. Vehicle does use premium fuel--getting 19~21 mpg in city driving.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, bratram. Mazda's May lease money factor and residual value for a 36 month lease of a 2010 CX-7 Sport with 15,000 miles per year are .00170 and 49%, respectively.

    I personally think that the Forester is a better value than the CX-7, but you're right the latter will likely be much faster. If I was interested in this list of vehicles, I definitely would go with the Subaru or Mazda over Mitsubishi.

    Car_man
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