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Mazda CX-9 Lease Questions

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Comments

  • hbqhbq Posts: 13
    Do you know the new lease rates on the the 2009s on the Touring AWD?

    Thanks
  • daphne1daphne1 Posts: 3
    Mazda is offering $1250 Mazda Customer lease support on the CX-9. Can someone tell me how this works? Do we put the $1250 down and get it back? Or is it used as a credit?

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I sure do, hbq. 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 .00052 and 48%, respectively. You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

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

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi daphne1. The $1,250 that is available on leases of the CX-9 is being paid for by Mazda. It is essentially used as a credit. Negotiate the lowest possible selling price that you can on the new truck that you want and then have the dealer subtract the $1,250 from that.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ek1970ek1970 Posts: 1
    Was looking at the Touring with roof rack/sunroof and bose with 15,000 miles per year at $525.00 (includes taxes). Does that sounds in the ballpark? All help would be appreciated. Thanks.
  • collmancollman Posts: 22
    Here's the quote what I got from a dealer in Seattle WA.
    09' CX-9 GT AWD w/Rear Ent.Sys. Roof Rack and Splash Guards
    MSRP : $39,010.00
    Invoice : $35,911.00
    Final Price : $32,911.00 (they said this price excludes lease incentives)

    $570.51(including tax)/m - 36months, 12K miles/Y, $0 due at signing
    $558.56(including tax)/m - 36months, 10K miles/Y, $0 due at signing

    They said the current incentive is a $1,250 rebate along with a .00052 money factor and a 48% residual over 10K miles OR a 47% residual over 12K miles.
    (...I thought the residual is more than 48% or 47%...??)

    $32,911.00 is a good deal I think. But, monthly payment is higher than I thought.
    This is my first lease, so I'm learning now. Do I need to ask more detail quotes for taxes and the rest??
    Anyone have thoughts on this deal? Think I can do better? Greatly appreciate it.
  • 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) on December 27. It's for 36 months at 12k/yr at $551/month. The MF is .00093 and residual is at 49% (36 months at 10k/yr would have been at $538/month with residual at 50%).

    I believe you would be paying too much for this vehicle ~ even though the "Final Price" seems to be lower, your monthly payments are way too high!
  • Carman
    Please advise whether or not this makes sense. Got a quote for an 09 CX-9 GT AWD GT assist,rear ent. pkg.,roof rack,ss bumber guard, trailer hitch, wheel locks. MSRP $ 42437. 36 month lease 12miles/year. $ 609/month includes NYS sales tax. Only money down is 1st month and DMV.What should this lease go for 12M miles/year and 15M miles/year. HELP
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi floorman1. The best way to evaluate this deal is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Let us know what this truck's selling price is and either myself or another helpful community member will tell you what they think.

    If you are unable to get the selling price for some reason, if that's the case you should probably find a different dealer because I personally would never deal with one that won't tell me exactly how much they are charging me for the vehicle that I want, you can always look up this truck's dealer invoice price over in the New Vehicle Pricing section of this site and tell us what that number is. I can then use it to work up a sample lease payment that you can compare to the one that you were quoted.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks for the reply. I just spoke to the dealer. The initial cap cost is $38,410. Adding in NYS sales tax $ 1750.00 and bank fee $ 595.00 according to dealer the adjusted cap cost which includes these costs is $40,755. MSRP for this CX-9 is $ 42,437. I have a quote for $ 609/month 36 month 12M miles/year !st months payment and DMV down. I have another quote from the same dealer for $622 for 15M miles per year.Please let me know what you think.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome, floorman1. Thanks for the additional information. The 2009 Mazda CX-9 GT AWD that you described probably has a spread of around $3,600 between its full MSRP and its dealer invoice price. Add to that the $1,250 cash incentive that Mazda is currently providing on leases of this truck and you have a total of around $4,850 to play with in your negotiations.

    The $4,017 dealer discount that you are being given is probably around $800 or so over dealer invoice. Would it be possible to shave another couple hundred dollars off of this vehicle's selling price? Perhaps, but this is a pretty good deal.

    Make sure that the dealer is using Mazda's current buy rate lease money factor of .00052 to calculate your monthly payment and you're in business.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pbgpbg Posts: 4
    Hi all

    I have this quote from today for a 36 month lease (12K miles/yr):

    2009 CX9 GT with Navigation, Entretainment, Bose, CD Changer (Assist Package)
    MSRP: $41,235
    FINAL PRICE: $37,333
    Money factor: 0.00052
    Residual: 47%
    Monthly pmt inc taxes: $599. Only down is first payment and DMV.

    Any help appreciated.
    Thanks
  • What incentives are available to be able to negotiate a sale price of $3000.00 below invoice? That sounds like additional money available beside the $1250.00 lease cash.
  • My lease is up and the residuals are down on the new lease. I am aware of the $1250.00 lease cash available, are their additional incentives available that are not public knowedge? (ie. advertising money, regional money or individual dealer cash)
    I am looking at a new lease on a CX-9 Touring from Hood Mazda in Hammond, La. with a MSRP of $33,375.00 and an invoice of $31,166.00. 36 month lease, 12k per year, MF=0.00052 and residual of 46%.
  • jdg715jdg715 Posts: 4
    What is sales tax where you are? Does MSRP include destination? Is final price negotiated price for vehicle or what they are capitalizing? What are inception fees?
  • don146don146 Posts: 2
    Any feedback is appreciated!

    Mazda CX-9 Sport 36 month lease 10k/year $433 a month with $600 down (including first payment) Only upgrade is electric heated front seats.

    Is this reasonable?
  • don146don146 Posts: 2
    I live in PA. As for other questions I do not know at this time.
  • jdg715jdg715 Posts: 4
    Not enough info to provide an answer. What is the negotiated sales price? What else are they charging you for? If your not paying it up front (i.e dealer fees, bank fees, etc), you can be sure that it's capitalized in the lease. What is the residual on that model with those miles? What is the money factor?
  • collmancollman Posts: 22
    Anyone knows new lease incentive for May??

    Thanks.
  • ajpbf7ajpbf7 Posts: 63
    Hi Carman,

    Can you provide the MF and residual for the CX-9 Sport with 10k per yr? I am in KY, not sure if rates are based on region. Thanks!
This discussion has been closed.