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Mazda CX-9 Lease Questions
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I just got the offer from the NJ dealer for cx-9 Touring AWD w/ moonroof option for the following :
10.5 K
2500 down payment
36 months
54% residual
399/ month with tax.
does it a good deal ?
Thanks in advance.
I told her to assume 'A Credit' and here is what she gave me (as compared to what I've written down from reading this forum)
The money factor:
24 months is .00078 (I've been seeing .00053)
36 months is .00124 (I've been seeing .00115)
The Residual for 24 months:
at 15K is 63% (I've been seeing 64%)
at 12K is 65% (I've been seeing 67%)
The Residual for 36 months:
at 15K is 52% (I've been seeing 54%)
at 12K is 54% (I've been seeing 57%)
If someone can give me an update, that would be great. I suspect she's just negotiating but want to be sure before I push her on it. If anyone has a lead on August rates and the date they would change, that would be great too! I'm going to check other dealerships and make a deal this week - I've identified about a half dozen vehicles within 100 miles that I'm willing to buy.
Thanks!
I am looking at a GT 07 to lease for 24 months with 15K yearly.
AWD Touring. THANKS!!!
I really appreciate the information I've gathered on this forum. I just put a deposit down on a CX-9 Touring with Moonroof/Bose, auto dimming mirror and roof rack. The invoice price is $31,323. I don't know what the current money factor or residual is but the lease payment I negotiated is $415/month for 24 months. The only upfront cost is bank fee, registration and first month. The dealer said that is is $1000 under invoice.
Anyway - this is the deal. I know that its the end of the 2007's so they are looking to move the final two cars. What do you all think?
Thanks
Once you get those numbers from the dealer plug them into the lease calc found at the site below and you'll have an idea of whether your numbers all match up.
Post #204 from July 23rd by tech-guy will give you an idea of where the money factors/residuals were (and might still be).
But, in my opinion, this sounds like a decent deal considering the MSRP of the car is around $34,500, the selling price should be $30,323 and there's no money down.
http://www.leaseguide.com/calc.htm
Color: Sparkling Black
24 months lease with 15k yearly
MSRP: $37637.00
Sales price: $34641.00
Reisdual: 61 percent
Money factor: .00059
Registration fee: $290.00
Down payment: $2500.00 (covering first month's payment and registration fee)
Monthly payment: $500.00
What do you guys think?
Color: Sparkling Black
24 months lease with 15k yearly
MSRP: $37637.00
Sales price: $34641.00
Reisdual: 61 percent
Money factor: .00059
Registration fee: $290.00
Down payment: $2500.00 (covering first month's payment and registration fee)
Monthly payment: $500.00
What do you guys think?
$1500 down with a payment of $464/month. I was pleased with this deal.
There was only one '07 car with these specs left in NY/NJ/PA/CT. After a VERY bad dealer experinece (Schwartz) in NJ I was glad to drive up to Thomaston, CT to purchase. Whole trasaction was negotiated by phone. No hassle and honest. Couldn't ask for more.
For 36 months 12K miles lease payment with $1500 down is $533 is this a good deal? Pls help I want to pull trigger on this. What will be the reasonable deal? whats the mney factor, residual value for 2008 aug?? Pls help
what do you think? I think the rates should be same in philly??
Deal done in CT but I live in NY.
CX9 AWD Sport Liquid Platinum
Moonroof/Bose package
Roof Rack
Wheel Locks
8way pwr driver seat.
MSRP: $33,230 (destination incl)
Purchase price: $31585 (destination incl).
Down payment: $1,050.38
Rebate: $500.00
Reg.fee: $135.00
Upfront taxes: $1,147.98
MV/Doc fee tax: $28.32
Doc fee: $249.00
Monthly payment: $389.32 (tax included)
I can't really regret it too much because its all signed up and I've got the car. I like it, but am having trouble fully enjoying it because I think I folded. I was overwhelmed by all the numbers. :sick: and wanted to get home and have some dinner.
I caught them with a different selling price in the paper work. I pointed it out and said it doesn't sound right and some other guy came in and changed it, apologized etc.
But after that i felt that there were other things that probably wouldn't be right.
I went out this morning having made the decision that I like the car regardless of how I did on the deal. I was getting into the groove of appreciating it when lo and behold I noticed a mark on the hood of the car. I tried to wipe it off but upon closer inspection I realized that its a tiny little rust spot. Hmmm. A rust spot?? On a new car?? I looked some more and found yet another. So, I'm going to call the dealer but I wanted to hear some consumer feedback rather than hearing the dealer BS.
Another thing I have a question about. How is it that you pay upfront tax and then tax is also rolled into your monthly payment. Does that sound right? I'm paying tax on the portion of the car that I'm leasing, ok, makes sense, but what's the tax that's rolled into the payment for??
Any of your thoughts would be appreciated and maybe relieving. Thanks.
Mara.
Love the site and the information!!!
Got this quote from dealer here in shelton,CT
2007 CX9 Touring edition
3 yr 12K miles per year
Options:
Rear DVD(extra 1490 not included in lease???)
Moonroof package
MSRP: $34,690
SALE PRICE: $32,798
Money Factor: .00064
Down Payment :$0
Residual:$18,732.60
Monthly payment:$472.30
Can someone please assist if this is OK?And give me the September lease details(if any)
Also what does it mean when she says
"The DVD will need to be purchased outside of the lease."
Thanks for any help
I bought a 2007 AWD touring w/Bose& Moonroof and w/Touring Assistance package in June, MSRP 36407 and got it for 34600. My monthly payment is 464.
I think you can get a better deal.
Lease 3 years/15k miles
residual 52% and .00074 money factor.
Thanks for the info..Talked to Vincent in MilfordMazda,CT..he says that $2000 discount is for CX7,due to the needs of premium fuel for it..
Here are the details from him:
2008 CX9 AWD Touring
REAR DVD system
Zero down 3yrs 12k miles/year
MSRP:$36070
Cap cost:$34352
Money Factor:.00117(double that of 2007 model)
Residual:55%
Monthly:$466+30(tax)=$496
Out-of-pocket:1st Month($496)+
Registration $173
Sales tax $65
Dealer conveyance $325
LEase Acquisition $595
==>>>>>$1654
Nice guy..talked over phone..
2007 models are running out fast,says has 4 in PA.none in CT
Regards
Also, do I have to pay the full amount for dealer add ons or is that rolled into the price. Things like roof rack, auto dimming mirror, mud flaps.
Any information would be greatly appreciated.
We did 15k miles and rolled everything into the payment. taxes, fees, 1st month, and wearcare plan. I signed forms and walked out without giving them a cent. We did 36 months which worked out to 35 payments of 671.08. Our car was the GT/DVD and it had every option available already installed. Mud flaps, wheel locks, remote start, all weather mats, Sirius radio, roof rack - made them throw in the crossbars.
Based on my calculations I paid about 300 over invoice with the options, but got crossbars thrown it free so figure closer to 100-200 over. I also show my payment meant I got a money factor of .001745 which is higher than I remember them quoting, but still the best rate any car dealership showed me for any car.
My MSRP was 41,915
Price paid was 38,780.57 (39,459.07 less 678.58 1st payment that got rolled in and this includes dest)
MF = .001745 (again i thought i was getting .0013 ish but by end of day my head hurt)
15k miles / 36 months
Total payment is 671.08 per month.
This is based on Total Cap Cost of 42,881.24
MF of .00132
Residual of 52% or 21,795.80
36 months 15,000 miles
Cap Cost is made up of...
38,780.57 purchase price
595 acquisition fee
299 MV
298 Doc Fee
1,555.17 Taxes
675 wearcare warranty
Based on this breakdown I realize that I fell for haggling with them to get close to the cars.com invoice price but at the end of the day not realizing thy were giving prices based on taking the 595 fee and adding it on later. That means they got a very good deal off of me. Guess I paid about 900 over invoice for the '08. I Stink!
Not really that unhappy given that the deal relative to my other car choices was still way better, but still kicking myself since I knew better and by the time we were signing I was woozy.
The low MF really was great though, and the residual was right there with Lexus, and Acura.
The other thing to consider is we really love the car - well not the NAV - asked it to direct us "Home" and it said "displaying ski resorts". That is right from a bad 80's sitcom, but anyhow.
When negotiating your lease on the CX-9 that you are interested in, make sure to take the $750 lease cash that Mazda is currently providing on it into account.
I am not sure if Mazda allows the residualization of roof racks, dimming mirrors and mud flaps. I suspect that it does, but you will have to check with your dealer to find out for certain.
Car_man
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Thanks!
I have to say the dealership has been very on top of things with regards to answering my questions about my car and the deal.
Open Road Mazda in NJ - If you live in Central Jersey I def recommend these guys.
Anyway, you explain that the 12k miles PA = 2% better residual than 15k. Can you tell me what residual I should currently expect for 10.5k PA - 36 months - on 08 CX9 GT AWD?
Also, is the lease cash available in CA? and finally, what is the current buy-rate MF for same deal?
Still torn between Outlook and CX but my wife prefers the CX so I guess thats where we will end up.
Thanks in advance,
Finally I was able to drive home a Stormy blue 2008 CX-9 GT-AWD last night.
For a 24 months 12k miles /year 08 GT-AWD
October MF is 0.00079, residual 64%, got similar quotes from two other dealers. Also there is a $750 lease rebate
The numbers were a lot better in September though:
MF 0.00059, residual 65%, $500 lease rebate
I went to the same dealer on Sept. 30 but didn't get the Sept. deal, and now I need the car and stuck with higher MF and lower residual, oh well.
Details:
08 GT-AWD + Assistance + Moonroof/Bose package
MSRP $39510.00
Edmund's Invoice $36300.00, there is a $200 advertising fee so invoice is $36500. (all dealers in the SF bay area have this)
Selling price: $36250 - $750 rebate = $35500, so it is supposed to be $1000 below invoice (dealers like to include the rebate to make one think he's getting a great deal)
I think my deal is not super sweet, but decent, what do you think?
Still need to learn how to pair my BT phone and use the navi system....
If it were $1000 out of pocket, the monthly would have been $528 tax included.
AWD, 36 mo/12,000 mi per yr, or 24 mo/12,000 mi per yr. Thanks so much in advance.
My payments are $560 (includes tax) for 36 months, 12000 miles a year, $0 out of pocket.
Got this offer in my area.. 08 GT AWD with gt assist, towing pack, rear seat entertainment, compass/autodim mirror w/homelink, and roof rails for $37,532+TTL.
What is the current residual, MF for 12k/15k/36mos? Can you give me some numbers what to expect on the lease price with $0 down? Have a 7% tax rate. Seems to me the residuals and MF given to me is a litte high - 50%+.00218. Any input from you guys?
Mazda CX-9, Grand Touring, Loaded, MSRP- $40165
Price- $37336
Dealer wants $1127 down, after the $750 rebate is taken off($1877.97 prior), payments of $586.47/month
Term is 36 months, 12K year miles.
Money factor- .0018900
Residual- 54%
At first glance, this didn't seem like a great deal.
Thanks for your help.
http://www.leaseguide.com/calc.htm
For anyone else, I would have asked this question before I purchased the vehicle.
MSRP: $39,810
Dealer Offer: $37,474
Rebate: $750
Is this a good deal?
Would also be interested in getting your thoughts on the leasing terms:
36 months, 16,500 miles/year
$0 down
Residual: 51%
MF: .00152
Monthly payment: $542 plus sales and excise tax
Car_man
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Car_man
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Car_man
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Car_man
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The $750 lease cash is right in line with what Mazda is providing on this model right now, but the .00152 month factor is slightly high. According to the latest information that I have seen, Mazda Credit's current buy rate lease money factor for a 36 month lease of any '08 CX-9 is .00132 for consumers who qualify for its top credit tier. Make sure that the dealer you are working with uses this number to calculate your lease payment.
Car_man
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I have a followup question. A few of the options I'm interested in aren't available on any of the CX-9s in the dealer inventory. The dealer will add them on, but they're not factoring them into the MSRP for the purpose of calculating the residual. Is this standard practice? These are regular Mazda options, such as Sirius and remote start, not aftermarket items.
Your (and anyone else's) input would be appreciated.
Is this a good deal?
Mazda CX9 Grand Touring with nav, blind spot system, power liftgate, keyless (card) entry system, etc ... does not have DVD (has sunroof) & the auto dimming mirrors with home link ($400/-).
Lease: 24 months; $99/month; $6500/- down; 10.5K miles/annum. (I live in Portland,OR) Total lease charge over the 24 months works out just under $9K.
Please advise.
Thanks,
M
i am a happy driver of an '08 cx-9 gt. gas mileage could be better but i still think it's a great vehicle. i'm currently leasing it for 36 months 0% down but would probably decide to buy it earlier, before the lease ends. let's look at this scenario: i traded-in my old vehicle for it, say 10k. after 6 months into the lease period, i decide to buy it. that's 30 mos before the lease ends. would i get 8.3k back as credit? (the trade-in value of 10k / 36 mos X 30 mos remaining on lease)?
why would you want to break it and pay early - 0% costs you nothing? even if the money is sitting in a standard checking account, you're probably making 0.5%. better yet, put the money in a CD or higher rate savings to save more money when the lease is up.