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Mazda CX-9 Lease Questions
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Also thank you all for your help here. A few hours of reading and I saved hundreds (probably thousands) off my next lease.
My last offer from the dealer was MSRP $38190, Invoice $35264, sale price $34250, 0$ down, add dealer fee $799 plus Acq fee $595. 42 mos, 12k per year, 6% tax = payment around $500 per month.
Here's what I found out:
42 month lease for 2010 CX9 GT FWD
10K = RV =.47 MF =.00075
12k = .46 and .00075
36 mo
10k = .50 and .0006
12k = .49 and .0006
39 mo
10k = .46 and .00073
12k = .49 and .00073
Is this a good deal?
Thanks for any help that you can provide here!
I'm working on a similar deal also in FL. I created a spreadsheet to help calculate the monthly lease payments for me. Using the factors I know, and assuming a 6% tax rate I calculate your payment to be around $462 monthly including 6% tax rate. If you want the spreadsheet email me at davem106@gmail.com.
We have no idea what Mazda will do in January, let alone February. Only time will tell.
2010 CX-9 AWD Sport with Dealer Leather installed
36 months
12k
$470/month
42
12k
$435/month
No money due at signing other than title/registration.
First month payment waived (35 or 41 total payments).
Monthly includes taxes (7%), $595 acquisition fee.
From what I can tell:
the Cap Cost is $30,500
the MF is .00073
the residual is either 50% for 36 months or 48% for 42 months.
Where'd you go in NJ? I was down south at Mapleshade Monday but am heading north to Wayne on Friday. They seem to have the most inventory of 9's and the best prices according to AAA/Overstock...
slightly better numbers
on the inventory they have left.
HOWEVER, you don't know until you sign.
I have a local car broker that quoted me those numbers
and is completely trustworthy not to tack on any last minute
hidden fees when I come to sign.
He is also taking back my current vehicle that I own and
paying me cash.
Remember, I am getting the AWD and dealer installed leather
in the Sport trim.
Also, this broker stated that by getting the 42 months, you save
on the acquisition fee since you are accepting the Mazda deal
they have with Chase Finance.
Makes more sense?
slightly better numbers
on the inventory they have left
Wayne Mazda is notorious for adding things in late. Be cautious....
Also, this broker stated that by getting the 42 months, you save
on the acquisition fee since you are accepting the Mazda deal
they have with Chase Finance.
Huh? You do pay the $595 acquisition fee, it's just built into the lease, not due up front, for every term Mazda is offering.
Broker? Last I new, Mazda's were not being traded on the New York Stock Exchange. :confuse: :P
I am saying that the 42 month lease conforms to the Mazda offering so the terms
like MF and Residual may be better.
Also, remember, you are continuing to lease the vehicle for an additional six months, so that translates into an additional $2610 (435x6) in payments that the dealer does not get on a 36 month lease, while the residual value does not depreciate that much in 6 months.
Broker, meaning, secondary dealer, the name of the secondary dealer is Arcar.
Sounds like, other than the warranty expiration exposure from 37-42, the 42 month lease is the better financial bet.
Is Power Liftgate standard on Touring models?
and Arcar is the most honest and reliable with regards to what
they quote is what you'll get at signing.
Look them up for competitive, honest, deals.
Please report back on your Wayne experience.
I cannot believe for a minute that they will sell you
that Touring model for anything less than $32k after
all "fees".
That's not true. The dealer is paid on the difference between the gross cap cost (sale price) and the invoice amount less holdback, regardless of what term you choose, the dealers profit, or lack there of in some cases, does not change. There is no stairstep objective cash. The lease payments are collected by Chase and you are paying the depreciation plus a minimal interest charge (money factor).
So the whole explanation for why the
36/12k monthly quote is $470 versus
42/12k monthly quote of $435 is solely
due to spreading depreciation over
longer term?
Mazda deal ends on 1/4.
I hate walking into showrooms, you immediately
get the sense that you are about to be taken for a "ride",
pun intended. ;-)
I digress...Dandydan, looking for more info on ARCAR. not a ton of info on their site, do I have to physically go there or is it mostly done online/phone, your 42mo quote isn't too bad.
Thanks -
AWD Touring
Moonroof/Bose
Bluetooth
Power Liftgate
Backup Camera
Roof Rack w/ Crossbars
15K miles
$0 out of pocket (rolled in all NJ taxes, tags, fees, yadayada..)
monthly payment $490 / 42 mos
Good deal and good luck, enjoy the ride.
You're correct, Arcar, being a secondary dealer,
does not have a showroom, inventory, lot, etc.
He uses the primary dealers inventory so eveerything
is by phone except for the signing and delivery.
He physical delivers the car, local to him, of course.
I'll be signing on Monday and leaning towards
the $435/42 month deal.
the $435/42 month deal.
I hope you took that deal. The lease program got worse! Mazda is not making the first payment anymore, and the money factor doubled.
Those that did not take advantage.......better luck next time!
Even this guy changed the 42 month to $440 from $435
a few hours before I arrived to sign.
He said it was his error and it should have been $447 but
since he quoted $435 he asked that we meet in between.
I agreed since the car has power driver's seat and both
driver and passenger heated seats, and roof rack,
which does not come standard with the AWD Sport trim
and was not included in the original quote.
All-in-all, a pretty good deal for this vehicle with dealer
installed leather.
Let's hope the reliability/quality last for 42 months.
The whole experience makes you wonder how these
dealers are still playing "hardball" on pricing after the
last 18 months of this economy.
:confuse:
loving the 2010 version so far though, so glad they finally got on board with some things like bluetooth and back-up cam. I know their standard in some brands, but at least its progress!
dealers are still playing "hardball" on pricing after the
last 18 months of this economy.
You are in the North East, as am I. CX-9 inventory is very low, and the demand is very high. That tends to give dealers leverage.
This is not the case nation wide, however. There are some areas with too much inventory, and the prices will be a bit better there.
Other Mazda's, such as the Mazda3, are in high supply, so the deals on those are great.
2010 Touring AWD w/
- Bose/Moonroof/Liftgate
- aftermarket overhead DVD
- all weather mats
36/15K
$486 /month
Due at signing ~1200
I guess my question is more generalized than that.
My first attempt to visit the Lodi Dealership
two days before xmas at 20:30 found the dealership
locked, lights out, etc. making me think that there
are ZERO sales if they are not even busy two days
before xmas.
How do these guys keep the lights on after the
last 18 months, i.e. Mitsubishi dealerships, etc.
that have abysmal sales?
Do they still sell sufficient numbers of vehicles
to stay in biz or ar they severely in debt?
I'm looking to see what the current lease terms for the Mazda CX-9 in CT 36M 12K, thanks
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Just for the fun of it I ran some numbers on a CX9. Is it possible it's cheaper to lease a CX9 on a SPLAN than the CX7?
Here is what I did. Both are for 2010 AWD and GT:
CX7
MRSP = $34320
SPLAN = $32072
3yr/15k 45% & 0.00132 (current per you)
$595 Bank Fee
$3000 cash and $500 Dealer and $500 from Mazda = $4000
Payment = $455
CX9
MRSP = $38470
SPLAN = $35347
3yr/15k 50% & 0.00060 (I know these are December)
$595 Bank Fee
$3000 cash and $1000 Dealer and $500 from Mazda = $4500
Payment = $395
How is this possible? I know it has to do with the Residual and money factor, but my goodness. I am sure it also has to do with my SPLAN.
Am I right? What are the Current Rates for CX9 15k/36?
You never mentioned the exact trim level that you're interested in so I had to make an assumption. Please let me know if you want something different.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Using these numbers, an MSRP of $38,470, and a selling price of $35,347, I estimate that this truck would have a zero down, pre-tax payment of around $517.
This compares to a payment $525 of for a 2010 CX-7 Grand Touring AWD that has an MSRP of $34,320 and a selling price of $32,072.
It's amazing how close the payments for these two vehicles are. I definitely would go with the 9 if I was in the market for one of them right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I was wondering if you had the latest lease terms from Mazda. I am looking to lease a 2010 CX-9 Touring AWD. I only need 10K miles.
Thanks,
Shakeel
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Any help?
I haven't been here since my last deal, seems like ages.
Can you give me the money factor and residual for the above lease?
Thanks.
Hans.
I live in nassau county NY. Thanks!
This compares with .00180 and 42% for 48 months.
I haven't crunched the numbers, but the 4-year program is not very attractive. I wouldn't be surprised if there wasn't much of a difference between the payments on 3- and 4-year leases.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Mazda's current money factor and residual value for a 36 month lease of a 2010 CX-9 Grand Touring FWD with 12,000 miles per year are .00126 and 50%, respectively.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am not intimately familiar with what the market is like for this truck right now, but if I was in the market for one I personally would shoot for $500 or so over dealer invoice minus the $650 cash incentive that is available on leases of this vehicle in your area right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks for all of the info. Will you post March numbers for a AWD Touring, 10K miles.
Thaks so much,
Shakeel
S Plan
36 month lease
15K miles per year
Black
With sun roof/ Bose
Power lift gate
Auto dim mirror w/homelink
500 total due at signing
Payment including tax
$489.76
Thx.
The first dealership said they could get the vehicle and never returned my calls,
the second said had it in stock took my downpayment and never had vehicle apparently sent it to another dealership.
Is there something with the white CX9 touring AWD with above packages, and if anyone has had a good experience with a dealership in NYC area please recommend.
I am ready to call it quits on a Mazda, it appears no one wants to sell me a vehicle!
Thanks
Also are these good numbers 3yr, 12,000mi per year.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
36 month, 10K miles per year
MSRP: $35,627
Cap Cost: $30,915
Residual: 55%
MF: .00145
Total Due at Signing: $2000
Monthly Payment: $448.99 (includes taxes)
Based on my calculations, the numbers did not make sense. If I believe what the salesperson was telling me, the payments should be much lower. Plus, I could not get the salesperson to tell me definitively what is included in the $2K payment at signing. The lack of transparency was very frustrating. After several back and forths, the salesperson told me that “the computer” tells him what the numbers are and this is the best he could do. He could not tell me how the lease rate is calculated.
I thought I would share to the extent it is helpful to anyone else looking in the North Jersey area. I am going to extend my lease for 2 months (the max allowed by Mazda credit) and hope for better deals to come.
Thanks, Mike
CX9 AWD sport
12kmiles
3k down
$410/month
I am returning a cx9 in May. When I asked for an explanation of the 3k i got nothing except "lets do the deal today and let the incentives take care of your lease. I am heading to another dealer and also investigating other vehicles. Very frustrating