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Mazda CX-7 Residual Values

SylviaSylvia Posts: 1,636
edited March 6 in Mazda
Mazda CX-7 Residual Values

Comments

  • I'm looking into purchasing a CX7 and was wondering how well Mazda's hold ther value, particularly the CX7. I've never owned one before so I thought I'd ask you. With typcal driving of around 12,000 miles a year and good upkeep, what's a 06 or 07 CX7 going to be worth 3 years from now. Thanks.
  • carlitos92carlitos92 Posts: 458
    No one can really look into the future and honestly answer your question, but Edmunds has everything you need to take a stab at it yourself.

    Take a look at market prices for a few Mazda models made three years ago (definitely include an SUV in the mix) and compare it with what their MSRP was originally. Nothing is guaranteed, but that at least gives you some idea of what people have been thinking of Mazda lately.

    -c92
  • Okay...if I were to lease the car for three years, you'd have to know what the residual value of the car would be after the lease expires. So yes, you could determine what the cars value would be.

    So after a three year lease, 36,000 miles later with good upkeep, in GENERAL, what would the car be worth?
  • honakerhonaker Posts: 74
    Take a look in the leasing forum. People have posted some numbers in there. I don't know a thing about leasing though, so I don't know if it's what you're looking for or not.

    Mazda CX-7: Lease Questions

    I am looking at leasing the CX-7 Sport FWD with the Moonroof/Bose package. I get the S-plan price and was quoted:

    MSRP: $26,245
    S-Plan price: $24,678
    2 year lease - $479.89
    12,000 miles/year
    zero duesigning
    Residual: 72% = $18,896.40
    Money factor: 0.00283 = 6.7% APR
    Mazda American Credit
  • A good rule of thumb with most vehicles is about a 50% drop in market value over 3 years off of MSRP. My estimate would be that a good used CX-7 , 3 years old w/ 36,000 miles would sell for about $15,000 to $18,000 depending on options.
  • Residual values on leases aren't always accurate and it depends on what you consider close. I once had a vehicle that had a residual value of 5200 after 4 years and was able to get 6500 on a trade-in after I negotiated my best deal on the new purchase. In my case it didn't pay to walk away from the lease since I had 1300 in cash left over towards the down payment and the tax savings on the trade value. Not all dealers at the time would accept a lease vehicle on trade. The funny thing about the option to buy was the original dealership was gone and the people who took it over wanted 500 dollars (the max they could charge) to perform the paper transaction to buy it from Chrysler.
This discussion has been closed.