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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

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

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#246 of 268 Re: Want to lease: 2009 Mazda CX-7 Grand Touring 4dr Front-wheel Drive [maxglobin_420] by Car_man HOST Apr 30, 2009 (2:05 am)
Replying to: maxglobin_420 (Apr 13, 2009 6:55 pm) You're very welcome, maxglobin. You will have two options at the end of your Altima lease, buy your leased car or return it to the dealer and get something new...which does not necessarily have to be another Nissan vehicle.   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
#247 of 268 Re: Mazda CX-7: Lease Questions [mykedave] by Car_man HOST Apr 30, 2009 (2:10 am)
Replying to: mykedave (Apr 14, 2009 8:10 pm) Hi mykedave. This particular discussion is for people to talk about leasing the CX-7. You will probably have better luck getting feedback on what sort of selling price to expect and what your finance payment will look like over in the "Mazda CX-7 Prices Paid and Buying Experiences" discussion.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#248 of 268 Re: Mazda CX7 Info [abuki] by Car_man HOST Apr 30, 2009 (2:15 am)
Replying to: abuki (Apr 21, 2009 1:19 pm) Hi abuki. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 CX-7 Touring AWD with 15,000 miles per year are .00124 and 42%, respectively. the numbers for an otherwise identical 39 month lease are .00150 and 40%. If you were to lease with only 12,000 miles per year, this vehicle's residual values would be 2% higher.   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
#249 of 268 Confused in Florida by britboyinfl May 23, 2009 (4:37 pm)
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 ? Replies to this message: Car_man (May 26, 2009 2:22 am) britboyinfl (May 26, 2009 2:47 am) Car_man (Jun 15, 2009 2:47 am)
#250 of 268 Re: Confused in Florida [britboyinfl] by Car_man HOST May 26, 2009 (2:22 am)
Replying to: britboyinfl (May 23, 2009 4:37 pm) Hi britboyinfl. Unfortunately, in general manufacturers' lease programs are much worse today than they were several years ago. The main reason for this is that for years manufacturers were unknowingly overestimating vehicles' residual values, making their monthly payments lower than they should have been.   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 Replies to this message: britboyinfl (May 26, 2009 2:47 am) Car_man (Jun 15, 2009 2:47 am)
#251 of 268 Re: Confused in Florida [Car_man] by britboyinfl May 26, 2009 (2:47 am)
Replying to: Car_man (May 26, 2009 2:22 am) Thanks for the clear explanation Car_man,   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. Replies to this message: Car_man (Jun 15, 2009 2:47 am)
#252 of 268 NC lease rates for CX-7 Touring? by patwhite May 28, 2009 (9:25 am)
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! Replies to this message: Car_man (Jun 15, 2009 2:49 am)
#253 of 268 Re: Mazda CX7 Info [abuki] by runnernic Jun 02, 2009 (11:48 am)
Replying to: abuki (Apr 21, 2009 1:19 pm) i have a 2008 grand touring with navigation and remote start... i put $0 down and pay $400.02 a month.... i'm in central NJ
#254 of 268 Re: Confused in Florida [britboyinfl] by Car_man HOST Jun 15, 2009 (2:47 am)
Replying to: britboyinfl (May 26, 2009 2:47 am) You're very welcome, britboyinfl. Enjoy your new CX-7.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#255 of 268 Re: NC lease rates for CX-7 Touring? [patwhite] by Car_man HOST Jun 15, 2009 (2:49 am)
Replying to: patwhite (May 28, 2009 9:25 am) Greetings patwhite. Here's the information that you're looking for. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda CX-7 Touring with 15,000 miles per year are .00081 and an unattractive 40%, respectively.   You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.   When negotiating your lease on this truck, make sure to take advantage of the $1,000 cash incentive that is available on leases of it in your area.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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