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Prices Paid: Buying & Leasing Experiences Mazda CX-7 Lease Questions
268 messages, Last post on Nov 18, 2009 at 3:15 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hi Car_man, Would you know what is the current Residual and MF for an CX-7 touring AWD? i'm looking at either 15K or 12K miles per year, and 36 to 39 month terms? Thanks...
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Replying to: maxglobin_420 (Apr 13, 2009 6:55 pm) Given the dramatic fall in the value of used vehicles over the past year you probably do not want to buy your car at lease-end, unless Nissan is willing to significantly reduce its purchase option price. I would be happy to work up a sample lease payment on the CX-7 that you are interested in for you. It's good that you already know what the selling price of the model that you want is. That is a very important number. In order to calculate a lease payment I need to know what its full MSRP is as well. Let me know and I'll crunch some numbers. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: mykedave (Apr 14, 2009 8:10 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: abuki (Apr 21, 2009 1:19 pm) When negotiating your lease, make sure to take advantage of the $1,000 cash incentive that Mazda is currently providing on leases of it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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In June 2007 we leased a CX-7 Grand Tourer with Technology package (DVD Nav)for first month down and $340 a month (Inc. Tax) on a 24 month lease. This weekend we asked the same dealer for the same again, as our lease is coming to an end, and he quoted $1,000 down and $471 a month ! WTF ! Can 'mr. CarMan' please tell me what is going on ?
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Replying to: britboyinfl (May 23, 2009 4:37 pm) This became a major problem for banks starting last summer. First when gas prices spiked to $4.00/gallon the resale values of trucks fell off of a cliff. Then when the economy entered a deep recession the values of most other vehicles followed. The banks that had been leasing vehicles to consumers for years found that the vehicles coming back off-lease were worth nowhere near what they had estimated they would be and they were forced to take millions and millions of dollars in losses. Naturally, they were disturbed by this and they lowered their residual values for vehicles going forward. So that in a nutshell is why leasing is generally more expensive today than it used to be. There are still some attractive lease deals out there...they are just fewer and further between than they used to be. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (May 26, 2009 2:22 am) I bet if I asked Mazda to lower my lease end buy price because of a 'revised' residual they would say no  After much 'negotiating' we have signed with Nissan for a Rogue SL with Premium and Leather (MSRP $26470) for 0 down, and 38 * $371 (+ Tax). That's the best we could do. No Nav (Guess a Garmin will do) and $60 a month more than our CX-7 for a similarly spec'd car.
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Hello, wife is looking at the CX-7 Touring and we got an initial quote of $25,570 if we take the rebates and not any special financing. Does anyone know what the money factors/residual are for the Raleigh NC area? Not sure yet if this price is good. The MSRP on the sticker is $29,820. Thank you!
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Replying to: abuki (Apr 21, 2009 1:19 pm) |
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Replying to: britboyinfl (May 26, 2009 2:47 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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