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Mazda CX-7 Lease Questions

219 messages,  Last post on Jul 10, 2008 at 1:30 PM

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What is this discussion about? Mazda CX-7, Car Leasing, Car Buying, SUV


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#198 of 219
I need feedback for 2008 Mazda CX-7 lease by varloro
Feb 28, 2008 (8:18 am)
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After much disagreement with my wife, I finally broke down and leased a 2008 Mazda CX-7 sport for her {I don't "believe" in leases}. I think I got a fair deal but I would love some feedback from experts. Here are the details: 2008 CX-7 silver platinum sport, no tech package, MRSP $24858, my price $ 20,858 which the salesman said was a loss for them, residual value $16885 after 27 months, down payment $1901 includes all fees, 10, 500 miles/year, 15 cents each additional mile, I got a lease for 27 months at $198/month. I thought it was OK but I just wanted to check to see what others thought. I just don't know what the big deal is about the reduction in price from the MRSP if I am not buying the vehicle? I mean I am leasing the car not buying it so does it really matter? Forgive me if I sound ignorant about this but I really have no clue. All comments, good or bad, are appreciated. Thank you in advance.
#199 of 219
Re: Lease Info Cx-7 GT AWD [lilro33] by Car_man HOST
Mar 07, 2008 (4:20 am)
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Replying to: lilro33 (Jan 27, 2008 11:40 am)

Hi lilro33. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Mazda CX-7 GT AWD with 12,000 miles per year are .00112 and 56%, respectively. When negotiating your lease on this truck, make sure to take advantage of the $25 lease cash that Mazda is providing on it.
 
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#200 of 219
Re: Lease Info Cx-7 GT AWD [ungrecco] by Car_man HOST
Mar 07, 2008 (4:37 am)
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Replying to: ungrecco (Jan 27, 2008 9:07 pm)

Greetings ungrecco. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Mazda CX-7 GT AWD with 15,000 miles per year are .00109 and 67%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. When negotiating your lease on this truck, make sure to take advantage of the $250 lease cash that Mazda is currently providing on it.
 
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#201 of 219
Re: CX-7 Grand Touring FWD [couchman57] by Car_man HOST
Mar 07, 2008 (4:52 am)
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Replying to: couchman57 (Feb 06, 2008 11:57 am)

Hi couchman57. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Mazda CX-7 with 15,000 miles per year are .00109 and 65%, respectively. If I was in the market for a CX-7 right now, I personally would shoot for a selling price of dealer invoice. You can look up this truck's exact invoice price by stopping by the New Vehicle Pricing section of Edmunds.com.
 
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#202 of 219
Re: current res/MF rates [weziespice] by Car_man HOST
Mar 10, 2008 (2:15 am)
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Replying to: weziespice (Feb 22, 2008 3:07 pm)

Hi Wezie. Through March 31st, Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of any 2008 CX-7 with 15,000 miles per year are .00112 and 54%, respectively. When negotiating your lease on this vehicle, make sure to take the $250 lease cash that is currently available on it into account.
 
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#203 of 219
Re: 2008 Sport Awd [wilt1] by Car_man HOST
Mar 10, 2008 (2:17 am)
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Replying to: wilt1 (Feb 26, 2008 3:29 pm)

Congratulations on getting your new CX-7, wilt1. Thanks for taking he time to share the details of your lease with everyone. Make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience as well. Enjoy your new ride .
 
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#204 of 219
Re: I need feedback for 2008 Mazda CX-7 lease [varloro] by Car_man HOST
Mar 10, 2008 (2:25 am)
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Replying to: varloro (Feb 28, 2008 8:18 am)

Hi varloro. Don't feel too bad about leasing, it is not as bad a deal as you think. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. It is important to negotiate as low a price as possible when leasing, because the selling price is used to calculate your monthly payment. The lower your vehicle's price is, the lower your lease payment will be.
 
Let's take a look at the lease that you signed. A base 2008 Mazda CX-7 Sport 2WD has a spread of $1,500 between its full MSRP and its dealer invoice price. In addition to that, there is $1,000 lease cash on it. That gives you $2,500 to play with during your negotiations. Assuming that the lease you agreed to is through Mazda Credit, a $4,000 discount is an excellent deal. This is a heck of a nice vehicle for $200 per month.
 
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#205 of 219
Just lease a 2008 CX-7 Sport FWD w/ power seat by spi5
Mar 10, 2008 (10:36 am)
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My deal is $239 plus tax a month for 24 month 10.5k miles(23 months payment from my pocket actually). Dealer give me absolute $0 drive off so the first month payment and all other fee are being taken care by them from whatever rebate or so.
 
Only down side is the car has 64 miles on it and dealer admit, despite it is 2008 model, it has been on their lot for over 180 days. That is why give a bit aggressive pricing. With total amount of payment $239x 23=5497 plus tax and nothing for drive off, I took the car and have them give me cargo cover.
 
I saw petty much same the deal from them on the newspaper next day - http://newspaperads.mercurynews.com/ROP/ads.aspx?advid=596546&adid=5891890&subid- - - =20292455&type=
 
I have to say, I really enjoy the car. Being a RX-8 owner for 4 years, I was worry that that might be a huge down grade for the fun of driving. However, it isn't. Test drove the TL, G35 and Accord before making this decision. I like CX-7 's usability and the fun to drive. With a lot cheaper price. I do not drive over 6k miles a year, so the poor gas mileage is OK for me.
#206 of 219
dealer buying old leased vehicle by mnguy1
Mar 22, 2008 (9:25 am)
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Goo morning from snowy MN.
 
We are picking up our new CX7 GT today. The dealer has a program where they would accept as a trade or outright buy our current vehicle which is a 2004 Murano. The lease on the Murano ends in 1 week. Is it even possible that they could buy the Murano buy paying off the old lease? Not sure how that works.
 
Thanks
#207 of 219
Mazda CX-7 by budahkan
Apr 27, 2008 (10:01 pm)
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I would like to know the current residuals and money factor for CX-7 AWD Sport. Coming out of a Nissan lease and the Murano and Rogues money factor are too high at the moment .0024

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