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Mazda CX-7 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome af145.

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  • jao1jao1 Posts: 2
    I am looking to lease a Mazda CX-7 i Sport with sport conv. package today and I would like to know the money factor and residual value for a 39 month/12,000 mile lease (also the numbers w/o the package). I want to be at $300 a month including tax. What is the total I would have to put down on both packages in order to get to the $300 with tax range? I was recommended to a manager at a dealership but want to make sure I am not getting a bad deal. Please advise.

    Thx!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jao1. If you provide me with the MSRP and dealer invoice price of the exact CX-7 that you are interested in I would be happy to use Mazda's actual current lease program to work up a payment on it for you. You can find this pricing data over in the New Vehicle Pricing section of Edmunds.com.

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  • You might research the problems with this make and model if u do get it save your oil change receipts not that matters in most cases..... Just A concerned concerned :lemon: Mazda CX7 Owner :lemon:
  • af145af145 Posts: 31
    Car_man,
    What are the June Money Factor and Residual on the 2011 AWD s Grand Touring CX7? 10K miles/year, 36 or 39 months.

    I'm trying to figure out which is a better value -- a new RDX or a CX7... or maybe Equinox LTZ.
  • Hello Carman!
    We love the CX7 iSport FWD 2011.
    MSRP $25540 total which is 22,795 plus 200 for paint and 1750 for convenience pkg.
    They will give us a $500 rebate off the Sticker
    42 month lease,
    15,000 miles a year - total 52,500 miles at the end.
    Residual is supposedly 11,200.
    Looking at signing a lease with mf of .00215
    and a trade of 1500 plus 2000 more down.
    about 1100 in taxes and 350 approx lic. I think the MF is high and the residual is a little low.
    They are pushing hard for a $546 extended warranty since we will be beyond the 36 mos 36,000 mile standard coverage.
    I would like to see a better MF or residual since they are not moving on the price much.
    On a scale of 1-10 how does this sound to you?
    Thanks in advance
    Dannyboy10
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi af145. Mazda's June buy rate lease money factor and residual value for a 36 month lease of a 2011 CX-7 AWD Grand Touring with 10,000 miles per year are .00086 and 46%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39 month lease are .00096 and 45%.

    When negotiating your deal on this truck, make sure to take advantage of the $500 cash incentive that is currently available on leases of it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi Dannyboy10. You should be able to do a lot better than $500 off on this truck. Mazda is providing a $500 cash incentive on leases of it, so in essence the dealer isn't discounting the vehicle at all. Negotiate a selling price that's as close to dealer invoice as possible and then have the dealer take off the cash incentive.

    The money factor that you were quoted is way too high as well. If your credit is in good shape, this truck's factor should be about half what you were quoted.

    If I was quoted this deal, I definitely would shop around.

    Car_man
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  • cera79cera79 Posts: 1
    Can someone provide me the current money factor for a 2011 CX-7 Sport?
    I am seeking a 15k miles, 36 month lease .....
  • af145af145 Posts: 31
    Thanks a lot for the info. But 46%?! With the previous year's model gone for only a couple of months? Mazda management must be out of their minds. That's full 10% less than the residual on Acura RDX! This way, the more expensive RDX will be cheaper to lease!
  • 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: 38,518
    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: 38,518
    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: 38,518
    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: 38,518
    No problem voilamode.

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  • 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: 38,518
    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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