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Mazda CX-9 Lease Questions

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Comments

  • Hi gchristo. Part of how much over invoice you will have to pay will depend upon how much competition there is in your area. To use an extreme example, someone who is in Hawaii or Alaska will have to pay a lot more for a vehicle than someone in the uber-competitive Los Angeles market.

    I personally would want a much better deal than $3,000 over invoice on a CX-9. I personally would shoot for $500 to $1,000 over invoice minus the available $500 cash incentive that Mazda is providing on leases of this truck right now.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • from what i read the money factor is .0009 and residual is about 52% on a 12k 42 month lease with mazda's current lease deal. are these number correct? also from what i read here on edmunds mazda is offering $500 lease support and $750 dealer participation. does that mean i can take off $1250 of the negotiated price of the car? Im in southern california if that makes a difference.
  • Hey Car Man,

    I know its after the fact but just curious if this is a good deal i just signed. 10K/36 moth lease on a mazda cx9 2011 GT AWD with an MSRP of 38,415. 2k down which includes taxes (have to paid upfront in NYC) and DMV fees and some dealer fees. There was probably 200-300 that went towards actual money down not related the above. Monthly payments of $415 with first month waived per Mazdas current promotion. Got quoted .0009 MF and 55% residual. I know I had room to knock them down some more but did this at end of today and was not sure if promotions would change in March and got close to closing time. I think sale value was around 34,400 (although gross cap cost was inflated above that by the bank fee).
  • wilddog2wilddog2 Posts: 4
    I did not pull the trigger last night and now am wondering if I made the right discion.
    Did they anounce 0% for 60months on 2011? What kind of cash back offers are there and how do they compare to febs?
    Did the lease rates change at all?
  • gchristogchristo Posts: 6
    Thank you.

    I negotiated a gross capitalized cost of $35,549 and an additional $982 in cap cost reductions from the manufacturer/dealer.

    With $1000 cash down my base monthly payment is $451 for 36 months, 12k miles per year.
  • aviboy97aviboy97 Posts: 3,159
    0% for 60 months depending on your market. The "sign and drive is no longer available.

    The better deal is on the buy this month.
  • schnu44schnu44 Posts: 4
    edited March 2011
    I am looking at the 2011 CX9 AWD Touring edition, with moonroof. 42 month lease, 1k miles/month.

    The dealer told me MSRP 36,312, Adj Cap cost 33,416 (includes 1,200 reduction in lease incentives), residual 52%, lease factor .000121. Live in Nassau Cty in NY, so sales tax is at 8.625%

    For zero down (including throwing the sales tax into the financing), total would be 469/month, so about 425/month on a pretax basis. Naturally, he said that he could "work" to bring down that number further.

    He told me for the 0% for 60 months, I'd lose the 1,200 discount for lease incentives, so his first offer for purchase would be 34,600.

    The price seems like a decent first offer, but I feel like I'm missing something
  • wilddog2wilddog2 Posts: 4
    I am now looking at the CX-9 GT moonroof package/nav and the Highlander SE with moonroof and Nav. At the moment it appears I can get the CX9 at about 2,000 less. both are AWD
    how do these vehicales compare - resale/repairs
    Looks like warrenties are the same
    Mazda has a better look but does Toyota have a better name and easier resale? Surprisingly it appears the highlander has a little better fuel economy some reviews I have read about the mazda felt the fuel economy was worse than the sticker.
    Does anyone think there will be additional sales for March Madness?
    Will manufacturers start offering bigger cash incentives as gas prices rise?
    have sales of these vehicales slowed this month due to gas prices?
    I know I am asking a lot of questions here but I want to make an informed decision.
    the zero percent is driving my decision at this point.
  • schnu44schnu44 Posts: 4
    I wound up deciding on leasing vs buying - the main reason is with the price of oil going up, I didn't want to have to worry about selling an SUV and taking a hit on the value.

    I went through the Costco buying program & was able to shave $19/month off the lease down to 450/month all in for the Touring edition with moonroof, Bose sound, power hitch, which is around $400 pretax.

    Any comments?
  • nik10673nik10673 Posts: 1
    Hi!! I'm about to lease 2011 CX9 Touring 4wd @ MSRP $33,145 with blue tooth / leather & power seats / and roof mount DVD.

    I have a so so credit (506) so they offered me:

    $389/mth + $2435 dwn for 48 mnths (w/DVD)

    $385/mth + $2435 dwn for 48 mnths (w/o DVD)

    I'm debating about the roof mount DVD (need for my kids!) because it's $1000 at the dealer, but about half at Best Buy. Should I buy it at the dealer??

    Should I take the deal?

    THANKS!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hey mazdanoob. The CX-9 that you leased probably has a spread of around $3,000 or slightly less between its MSRP and its dealer invoice price. Add the $500 cash incentive that is available on leases of this truck to that and there's a total of around $3,500 to play with. The $4,000 discount that you were given looks great to me. The money factor looks good as well. Enjoy your new ride.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bocaalbocaal Posts: 2
    In FL, I am looking to lease for 36 mos at 15K mi./yr. Anyone know the March money factor or residual?
  • bocaalbocaal Posts: 2
    The last question is for 2 wd. Thanks!
  • bmb1767bmb1767 Posts: 62
    edited March 2011
    I have always purchased cars, but get the itch for a new car about every 2 years so needless to say I have negative equity. Thinking about leasing a 2011 Mazda CX-9 Grand Touring. What is the current money factor rates per length of lease as well as residual values. Everyone here seems to say there is about a $3000 wiggle room between MSRP and invoice. Still correct? I also see that there is a $500 marketing support. Does anyone else know of any additional lease incentives?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi bocaal. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2011 CX-9 GT FWD with 15,000 miles per year are .00102 and 49%, respectively.

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

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • raksgalraksgal Posts: 18
    edited March 2011
    Carman,

    Can you please let me know what are the MF and Residual Values for 2011 Mazda CX-9 GT AWD for 42 month lease with 12K Miles/yr option for March 2011 ?

    For 2011 Mazda CX-9 AWD with Moonroof/Bose package, Navigation, Power lift gate, Wind deflector, Remote start, roof rails, wheel locks, splash guards, and all weather floor mats I am currently being offered :

    Length of lease: 42 Months
    Allocated miles: 15,000 per year
    MSRP: $40,050
    Sale Price: $35,330
    Accessories: $1,144
    Money Factor: 0.00121
    Residual: 48% ($19,244)
    Fees : $898.55
    Monthly Payment: $478.11
    Amount Due at signing: $3,656.28 (includes first month payment, fees, and Taxes)

    Is this a decent deal ? Can I save by going for a 12K miles option ?

    Thanks
  • raksgalraksgal Posts: 18
    Hi fargodog,

    I am interested in finding the options you chose for your CX-9 Touring AWD.

    Can you please post ?

    Thanks
  • raksgalraksgal Posts: 18
    gchristo,

    Can you please post the options you chose with CX-9 GT AWD ?

    Also, can you please post the exact details of the deal you got and which City / State ?

    Thanks
  • higushigus Posts: 4
    I am considering a lease on the following vehicle:

    2011 CX-9 GT, AWD with Moon-Roof/Bose Package, Navigation, Power Lift Gate, Remote Start, Roof Rails, and head-rest DVD (to be installed by dealer.)

    Here is the lease info:

    MSRP = $40850
    Base Cap Cost = $38,711
    Additional Fees = $678
    Cap Cost Reductions = $2000 trade equity and $500 rebate
    Residual Value (12K) = 53% ($21651)
    Money Factor =.00102
    Term = 36 months
    Tax = 0 (MT has no sales tax)
    Lease Payment = $483/mo

    Would you consider this a good deal or not-so-good deal?

    Thanks!!
  • higushigus Posts: 4
    Sorry to add to my question but what kind of price should I expect if I were to decide on buying vs. leasing?

    What incentives are there currently for buying besides the 0%?

    Thanks again in advance!
This discussion has been closed.