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Mazda CX-9 Lease Questions

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  • srexysrexy Posts: 8
    Those #'s look great! I'm trying to work some dealers here in FL but having a hard time figuring out what hidden incentives are there right now. From those prices I'd say we're looking at significantly more than $4250 non-captive dealer or $1250 captive dealer cash...

    Can you tell us which dealers? or alternatively call them and find out the following on each model - these numbers will tell the whole story...

    MSRP
    Sale Price
    Money Factor
    Residual

    Thanks!
  • sb1sb1 Posts: 2
    youssefmo. This looks like a great deal. It does not seem to compute, but, nevertheless, I'd like to know who is offering this or the name of dealership as I am in market to get same or similar specifications this week.

    CX-9 GT FWD.platinum w/connect pkg,rear seat ent/DVD,blind spot alert.

    MSRP $39,310
    Lease Cap Cost: $30,990
    24mo; Residual 56% (15K); MF 0.00044
    No money down or out of pocket...$0
    Payment $474 (includes 7.75% CA tax)
  • Something didn't look right about your numbers. I worked it out and came up with a payment of about $428 per month including sales tax. Not sure where you went wrong. Are you sure your cap cost posted was the NET CAP COST and not just the sale price. You have to include all fees plus the cap cost (sale price). This number is the net cap cost.
  • sb1sb1 Posts: 2
    the figures were from youseff.

    localy, i am being offered: on 2008 cx-9 GT AWD, with nav, sirius, roof rack, dvd rear ent, blindspot.

    sales price 40,850
    net cap cost 36,956
    45% residual
    36 months
    0 down
    .00048 money factor
    $598 pmonth including nev sales tax.

    does this sound reasonable?
  • Not that it's the same car but you could lease a Porsche Boxster for $600.
  • kyfdxkyfdx Posts: 29,179
    Sure.... with $6000 upfront... for 48 months..

    So... it's not the same car... or the same lease.. :)

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Not to defend the guy, but I have seen a Porsche Boxster lease advertised for $599. But you are right, not the same car, lease, terms, down pmt. etc. He is an idiot but also kind of partially correct.
  • How about a better response in regards to LEASING a Mazda CX-9.....you could BUY a $37K CX-9 on a 72 month loan for only $613. Why would you pay $600 to lease it??? Makes no sense. By the way I have seen Boxter leases for way less than $6K down and $600 a month.

    The guy asked anyone's opinion on his current lease offer and I am giving one.
  • jay13jay13 Posts: 9
    It's a little higher than I'm being offered for a 39 month 15,000 per year lease. Mine has the exact same sticker; the cap cost is $32,750; -- but here's the real kicker -- in order to get the price that low, the car had to be purchased from Mazda and leased through another company -- whose money factor is a whopping .00275 (6.6%) and whose residual is only 44%. No money down (first payment + license).

    I took it anyway because at $550 all in ($519 before sales tax) looks to be a damn good price for a loaded out 2008 based upon the other deals I see here at lower money factors.
  • I recently got a qoute from Koeppel Mazda in New York for a 09 CX9 Grand Touring AWD with moonroof and bose system for 389 per month for 36 month and 2000 down payment. Is this a good deal.
  • Sorry for the double post in car buying questions. Ididn't see tis forum topic.

    Car_Man,

    Can you give me the current money factors and residual values for a CX-9 Grand touring fully loaded. MSRP around $40K for a 36 and 39 month lease with 15K miles per year for someone with excellent credit >800 FICO. Are there any current dealer incentives on 09's? Also assume zero cap cost reduction.

    I appreciate your help.

    Thanks
  • Sorry, i forgot to mention that its a GT AWD model in my prior post.

    Thanks
  • Car_man, I desperately need the current MF and residuals for a 2009 GT AWD for 36 & 39 month lease with 15K miles.

    Thanks,
  • Does anybody know residual and money factor for GT, 15K miles and 36 months on 2009's? Are there any incentives for the month?
  • Can you give me residual and MF for a 2009 AWD GT for 36 & 39 mo and 15k and any incentives for the month of December.

    Thanks in advance for the help.
  • I just leased a 2009. I leased for 36/mo with 15K miles per year. The residual was 48% and the money factor was .00093. I was told that the residuals and MF change for a 39 month lease.
  • May I ask what the lease payments came out to? I'm looking at a 2008 GT with just about every option GT assistance, Moon roof Dual headrest dvd, looking at $469 on a 36 month lease at 12K with Tax and tags paid out of pocket.
  • my payment for a 2009 GT AWD is $550. However, i was told that chase is running a killer deal on 2008 leases. The interest rate was .5% and the residual was 44% for 15K mile lease. Your deal sounds really good. Good luck.
  • Here's the information that you're looking for, rerodgers. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-9 Grand Touring AWD with 15,000 miles per year are .00093 and 48%, respectively. The numbers for an otherwise identical 39 month lease are .00138 and 46%.

    Mazda is currently providing a $1,250 cash incentive on leases of the '09 CX-9. There is an additional grand for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hey rerodgers. Please see my previous post for the info that you're looking for. Good luck and make sure to let us know how everything turns out.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Here's the information that you're looking for, rerodgers. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-9 Grand Touring AWD with 15,000 miles per year are .00093 and 48%, respectively. The numbers for an otherwise identical 39 month lease are .00138 and 46%.

    Mazda is currently providing a $1,250 cash incentive on leases of the '09 CX-9. There is an additional grand for loyal customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Does anyone know money factors and residuals for 2008 (not '09) leases - 36 month/15k?

    Thanks much.
  • Car_man, do you know the residual being used for a 10K per year 36 month lease on a Touring CX-9?
  • jupsajupsa Posts: 3
    South Florida
    2008 CX-9 Grand Touring
    GT assist
    Moonroof
    ++
    ------------------------------
    Cash Purchase
    39,280 MSRP
    31,680 asking price
    33,800 OTD
    ------------------------------
    Lease
    36 mo
    15k / yr
    $0 due at signing
    34,200 Gross Cap Cost
    42% resid
    .00023 factor
    $534 total payment (with tax)
    -------------------------------

    He says the incentive is not as good for a lease and that is why the cap cost is so much more than the cash price. Is this bulls*^t?
  • To clarify, I am looking at a Touring AWD Mazda CX-9. I have a Ford Motor Company S Plan PIN number, so the price is fixed. They have quoted me a lease rate of $476 per month with only the inception fees down (approx. $1000). I think they are playing games with the money factor because the numbers just don't work.
  • I don't think the dealer is bulls*&tting you. My dealer has similar numbers. The money factor on '08 leases is excellent, and there is Mazda lease support of at least $ 2K (but not the $4250 for purchases). I've done the math, and with such a good money factor, the lease is essentially equivalent to buying at a 4 - 4.5% loan rate.
  • jupsajupsa Posts: 3
    Thanks for the reply. I came to the same conclusion on my analysis of lease vs purchase. Do you think 42% residual is the correct number? Seems a little low. My dealer is telling me that the incentive on the lease is 2,250 vs 4,250 on purchase.
  • Need some clarification:

    Just left the dealer. Offer on CX-9, 2009, GT w/ MRoof and Bose.

    Sticker: $36,635
    Price offered: $34,150
    3/36k lease: $574
    money factor: .00093
    Residual: 46

    does not look like a good deal. invoice should be around $33,804. $3,000 dealer money should come off of that, then the $2,250 lease money.

    so more like sales price of $31,150 and cap cost reduction of $2,250.

    Do my numbers look right?
  • Here was the deal:

    2009 GT AWD (Base GT Model...Only had Roof Rails and BS Monitoring)
    MSRP: 36,050
    Price w. Discounts: 33,000
    Lease deal:
    3yr/45k miles: $465/mo (includes 7% tax)
    Due at signing: $1,671 (1st mo pmy, Registration, etc...)

    I thought this was a great deal considering they rolled the remaining 4 payments of my 2007 CX-7 into this lease.

    If anyone is interested, deal was done at Flemington Mazda in NJ. All together was a great experience.
  • jupsa, your deal looks about right to me. I believe my dealer told me a 43% residual on 2008 GT with 15K miles/year, but I may be wrong. It does seem that if Mazda's incentive is $4250 on purchases, and $2250 on leases, the the lease cap cost should be $2K more than the purchase price (unless some other specific charge is being rolled in). In your case it looked like the lease cap cost was higher than it should be. I have just committed to an AWD GT 2008 with MSRP of $38,305. Purchase price offered is $29,975. 36 month lease @15K/year with first payment (so total of 35 payments), taxes, title, tags and gap insurance all rolled in is $499.75/month (35 total payments). As I posted earlier, the lease (followed by purchase at lease end paid over 24 months) works out to be very close in total cost to purchase with finance at ~4% over 5 years. The lease of course has the additional advantage of the benefit from the time-value of money with lower payments early on, and the inherent flexibility of a lease in case you hate the vehicle at 3 years.

    cptenca, I don't know what incentives are available on the 2009's, but I think you're looking for more money than is there. The 2008's have the discounts/incentives for purchase and lease as stated by jupsa above. Money beyond that is dealer holdback (~$665), and additional dealer money. This money (~$5k total) is generally what people are getting off invoice (~$8K off MSRP) for purchases
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