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Grand Touring with Sun and Sound Package for $385 a month, taxes and fees up front. Is this a good deal?
Good Luck. CX-7 is an excellent SUV.
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I would be more than happy to give you an idea of what this truck should cost to lease right now. However, in order for me to do so I need you to provide me with its full MSRP and selling price. You should be able to get a good idea of what sort of selling price to expect by visiting the following discussion: "Mazda CX-7: Prices Paid & Buying Experiences". You can look up its MSRP in the following section of this site: Edmunds.com - New Vehicle Pricing. Let me know what these numbers are for the CX-7 that you want and I will crunch some numbers for you to give you an idea of what sort of lease payment to expect.
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Is this a good deal? Oh and btw I plan to purchase this car after the 24mos so the 10.5k mi isnt a big to me
Great deal! I got my FWD with Tech +remote start, preferred equipment and Sirius Satellite radio for $29,940 and I thought that was good (still think so, but seems you did better)!
Here's a pic of my car:
I got the front windows tinted the week after I picked it up
BTW, you must live in a state where tinting is legal. In VA, it's illegal to tint the front windshield and front driver/passenger windows as you've done. Only slight tinting is allowed. I occasionally here about law enforcement citing drivers for tinting their windows too dark.
Looks good though!
Vince.
In NY, where I am, darker than 35% on the front driver and passenger side is illegal. I did go darker, but don't expect a problem unless I get pulled over for something else.
I didn't tint the whole windshield - we can't do that in NY. I only did the top six inches to cut down on sun glare (had it in my last car and loved it).
My '95 Toyota 4Runner recently blew its head gasket so I'm now in the market for a new ride. Have been eyeing the CX-7 for awhile now and have done a lot of research and think it's the right one for me.
I'm interested in a Black/Sand GT with the tech package, SIRIUS, and auto dim mirror and am leaning towards a 24 or 36 month lease, primarily to keep the monthly payments lower (my wife is not working at the moment since we have a little one at home, so cash flow is key).
I've been crunching the numbers and it appears that the invoice cost for this would be $29166. Edmunds TMV price is $31465 and the CarsDirect.com quote I received is $29426 ($260 over invoice). I've requested online quote from a number of local dealers (I'm in San Diego), but just did so an hour ago.
The reason for my post is that Edmunds shows that there are current lease specials for a FWD GT - $331/month for 24 months (12K mileage/year, $2926 due at signing), or $341/month for 36 months (12K mileage/year, $2936 due at signing). These specials started on 12/1 and expire on 1/2/07. Both of these indicate that there is a $2000 down payment (presumably part of the amount due at signing).
I've read enough to know to negotiate no down payment, but my question is how would the lease payments change presuming no down payment and the inclusion of the options? What money factor are they using for this special?
I used the Edmunds lease payment calculator, but using the money factor I've seen in other postings (.0028) and the CarsDirect.com quote price (just for comparison), it shows a monthly payment of $548.26.
I would like the monthly payment to be as low as possible - any thoughts / suggestions are welcome - thanks! (and yes, I've read the 10 steps to leasing already
I understand your goal is the lowest monthly payment possible, so with that in mind I would suggest:
a)rethink your money down (or cash due at signing). With a conventional purchase you can guestimate a $20-$25/mo difference in payment @ a 60 mo. term. With a lease, due to the fact you are only paying for a % of the vehicles price (price minus residual value divided by term) you can get a much higher payment difference per $1000 you put down at signing due to the fact that the way the vehicle depreciates isn't consistent through time. $50, even $70 a month difference isn't strange on these incentivised lease programs. Also, with a lease, the first payment in typically due at signing, not 45 days out as with a conventional purchase. so, keep in mind that if the first payment isn't paid at signing it gets divided up between the remainder of installs, raising your mo. payment.
b) Understand the manufacturer's thinking. Leases are intended to offer a better ownership experience for the majority of consumers with an added option of walking away from a car with no negative equity in a relatively short time frame. So, in short, mr. or ms. customer gets a great vehicle at a payment that easily fits into the budget, has full factory warranty (no additional costs of ownership) and , for people like me who tire easily of any one vehicle, the opportunity to get out of that car much earlier w/o any financial penalty. "wow!" i say, "that was such a great experience I'm going to go with Mazda again!" It puts the customer back in the market sooner and happy with prev. experience. So, for these reasons I would only consider a 24 to 36 mo. lease because Mazda is going to incentivise that target time frame much heavier then a 48 month term. I have been on vacation for the last two months, but the last lease I worked on a cx7 was a AWD touring w/ moonroof/6disk cd and the residual at 24 mos was an incredible 72% with a money factor of something like .0017. The program was so well worked that going to a 36 mo. term changed the payment by $1.50! But, going to a 48 mo. term actually raised the monthly payment because Mazda was no longer incentivising residual value at that point. Of course all this really is just throwing numbers in the wind without knowing the current terms to the lease programs.
Now that I've probably completely confused you, let me suggest a course of action. Take advantage of the fact that you can do business anywhere you want to for the same terms. First off I would pre-screen dealerships as to what type of sales process they employ. I would find one that uses the Cardone (car-DOUGHn) sales process. The entire basis of Cardone's system is "information overload" that is, offer ALL the information (and then some more if you can) with the hope that it will be appreciated enough by the customer that it will earn his/her business. It will allow you to compare several different configurations and pick the best one for you.
Well, I hope I helped some. If you're in or close to the Northwest, I'd be happy to assist in person. Questions I'm happy to answer from anywhere... :P
What is the current MF for 36/12,000 and 36/45,000 for a CX7 Grand Touring?
Thanks
Thanks v. much
Sale price is $26,677 plus license and title of $218 dollars (DMV). The MSRP for this vehicle is $28,480.00 and is what the 55% residule value is based off of. Your lease term is 39 months with 10,500 miles a year for a payment of $375.66 per month. Your security deposit is $400 dollars and can be transferred to help with the Wear Care expense. Every lease has an aquisition fee of $595 dollars and this is alread put in the lease to give you the $375 dollar payemnt money factor is .00171
Here are the figures that I think you are asking for. Your Sale price is $26,677 plus license and title of $218 dollars (DMV). The MSRP for this vehicle is $28,480.00 and is what the 55% residule value is based off of. Your lease term is 39 months with 10,500 miles a year for a payment of $375.66 per month. Your security deposit is $400 dollars and can be transferred to help with the Wear Care expense. Every lease has an aquisition fee of $595 dollars and this is alread put in the lease to give you the $375 dollar payemnt. You had mentioned that you will put down your first payment and the Security Deposit/Wear Care when we last spoke. Your money factor is .00171
$2.2k money down 249 27month 12k miles lease being offered by Mazda USA right now?
I saw an ad that showed a CX-7 Sport for $500 down $249 27month 10.5k miles in the paper last week.
Here is what I can do for the Grand Touring AWD.
MSRP $26,895, will sell for $25,550 . RESID. 66%, RATE .00155
tOTAL mONTHLY PAYMENT $356.76 PER MONTH.
WITH $2000 TOTAL DRIVR OFF . AND 10,500 MIL/YEAr.
http://www.mazdausa.com/MusaWeb/displayRegionalIncentives.action
2007 CX-7 Sport FWD
$259/Month, 27-Month Lease, $2,854 due at Lease Signing. Includes 1st Month’s Payment and Acquisition Fee. Excludes taxes, title and fees.
This looks pretty good to me. The only better deals I have seen were newspaper-advertised loss leaders on specific cars.
Any comments?
Thanks
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As suggested I continued conversations and have an updated quote on a 2007 CX-7 GT FWD with Moonroof/Bose Package. The MSRP is $28,480 and the offered selling price is $26,500.
I feel pretty satisfied with this and am planning on picking up the vehicle on Wednesday.
CX-7 touring with tech package
MSRP $30300
Invoice $28000
27 mo, 0 down, 12k miles.
$387.41/mo + 30.02tax = $417.43/mo
leather, heated, power seat.
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