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Mazda CX-7 Lease Questions

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Comments

  • voilamodevoilamode Posts: 3
    Hello I just read your post on the cx7 and was wondering if you could give me an idea of a reasonable lease payment

    $25,340 msrp w/ conv. Package

    0 down.

    6% sales tax

    They mentioned that I’m eligible for the loyalty incentive and then whatever the incentive is for June.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to cera79.

    Chase's current buy rate lease money factor and residual value for a 36 month lease of a 2011 CX-7 Sport FWD with 15,000 miles per year are .00086 and 47%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yep, that residual is right af145. It's difficult to say if the depreciation on Mazdas is actually that much worse than it is on Acuras or if Mazda is just being more realistic in its estimate of the future value of its vehicles. I know for a fact that BMW and Mercedes artificially inflate their vehicles' residuals all the time in an effort to hide support and make their leases more attractive to consumers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi voilamode. This vehicle's lease payment will depend upon what its selling price is. There should be $1,000 in cash incentives on leases of this truck, including the loyalty cash. Let's say that you are able to negotiate another $1,000 dealer discount on top of that.

    According to my calculations, if you were to lease a 2011 Mazda CX-7 i Sport 2WD that has an MSRP of $25,340 and a selling price of $23,340 through Chase right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $348.

    Car_man
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  • voilamodevoilamode Posts: 3
    Thank you, this is right around where we'd like to be so I'll uses these numbers in the neg process...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem voilamode.

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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi,

    I am on the market to get a new lease and I am considering a Mazda CX-7 i Touring. After test driving the car today, I was given the following numbers:

    2011 Mazda CX-7 I Touring includes 2.5L 4-cyl, leather, moonroof, backup camera, etc.
    Selling price: $25,050
    Total price (including TTL+$595 acquisition fee): $26, 990
    Monthly Payment: $395
    0% down
    42 months
    12k/year
    residual: 48%

    Is this a good deal?

    The manager didn't give me any info regarding the money factor. He mentioned the $500 cash incentive, but it was not clear to me if they have already factored it in to get to this monthly payment. Also, I am torn between a 36 month vs. 42month lease. Will I have to buy extra warranty/maintenance if I decide to go with the 42 month lease?

    TIA!
  • voilamodevoilamode Posts: 3
    edited June 2011
    Thanks again, just got the cx7 w/ conv. pack sticker 25,340 - down to 22076 lease, 0 down, 351 w/ tax out the door...36 mo 12k. Plus they got me out of my lease 1 1/2 early! What do you think?
  • Is it an I touring? If not, does it have leather seats?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome voilamode. The selling price that you were quoted looks very attractive. Just make sure that the dealer is using this model's buy rate lease money factor to calculate your payment and you're in business.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Car man,
    Thanks for all you provide to edmunds members. Do you have the current money factor and residuals for the CX-7?
    looking for a 24 & 36 Month 15K lease.
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