Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Mazda CX-9 Lease Questions

1262729313257

Comments

  • 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
  • jupsajupsa Posts: 3
    Thanks for the help thedude10 et al. The dealer didn't want to come down any more on the lease so I decided to do a cash deal.

    Final Numbers:
    South Florida
    2008 CX-9 Grand Touring
    GT assist
    Moonroof
    ++
    ------------------------------
    Cash Purchase
    39,280 MSRP
    31,680 asking price (including all fees)
    33,800 OTD
    ------------------------------

    This was very close to the dealers first offer. He dropped a couple hundred after I hemmed and hawed via phone and email for close to a week while gathering other quotes. The other dealer quotes were not nearly as good. I estimate that I paid about $650 over dealer cost.

    In the end, a sweet new ride...for my wife!!! I get the '03 Expedition now.

    Have fun out there.
  • BCD31BCD31 Posts: 4
    hi Carman,

    Can you please post the MF and residual percentage for a 36 month lease at 12k per year for both a 2008 cx-9 sport AWD? Is Mazda's captive fin co. providing the best lease package at this point? I am located in the Northeast (CT). Is their more incentive to lease a 2009 in terms of MF and residual? Probably wont get more of discount on a 2009 than a 2008 in terms of cap cost.

    Thank you!
    BCD31
  • Hi PodBimmer. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-9 Touring AWD with 15,000 miles per year are .00093 and 50%, respectively for consumers who qualify for its top credit tier. The money factor for a Grand Touring AWD is the same, but the residual value is 48%.

    When negotiating your lease on this model, make sure to take advantage of the $1,250 cash incentive that is currently available on it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi ncvfc17. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-9 Touring AWD with 10,000 miles per year are .00093 and 53%, respectively for consumers who qualify for its top credit tier.

    When negotiating your lease on this vehicle, make sure to take advantage of the $1,250 cash incentive that Mazda is currently providing on leases of it.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Congratulations on getting your new CX-9, davnj76. Thanks for taking the time to share the details with everyone. If you'd like, you can also tell everyone about your experience at Flemington Mazda in greater detail over in the Dealer Ratings & Reviews section of Edmunds.com. Happy Holidays and enjoy your new ride :shades: !

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi BCD31. Here's the information that you're looking for. Mazda is not providing lease support on the 2008 CX-9 any longer. It does have a special lease program on the 2009 model though. Its current buy rate lease money factor and residual value for a 36 month lease of a 20090 CX-9 Sport AWD with 12,000 miles per year are .00093 and 52%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • my3rdrxmy3rdrx Posts: 167
    I just leased an 09 GT (fully loaded with GT Assist Package, Moonroof/Bose, Roof Rack, Trailer Tow Hitch Receiver: MSRP for $40,860) for $36,932 (including TT&L and no money down, except first payment) at Brown's Mazda in Alexandria, VA. It's for 36 months at 12k/yr at $551/month. The MF is .00093 and residual is at 49%,
  • What money factor and residual are in effect as of today?

    12k
    36mo
    09GT
  • avmbaavmba Posts: 23
    I am also interested in this information - CarMan, can you help?

    I am looking at an 09 Mazda CX-9 GT (FWD) with just about every option. Would appreciate MF and residual for 36 months unless there is a more compelling short-term offer available.

    Thanks
  • Here you go, cptenca. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda CX-9 GT AWD with 12,000 miles per year are .00073 and 49%, respectively. When negotiating your deal, make sure to take advantage of the $1,250 cash incentive that Mazda is providing on leases of this model right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.