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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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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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Replying to: patwhite (May 28, 2009 9:25 am) 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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This is on my Mazda dealers web site in Massachusetts. I went yesterday and going back today to drive both CX7 and 9. Posted under CX9 lease and confused as to why the payment on the CX7 would be more then a lease on a CX9. Really don't want to put 3k down on a lease. (also looking at a used CX7 for $17,000 so might buy) THANKS New 2009 Mazda CX-7 Sport AWD Offer ends 7/31/09 BUY FOR $20,170 Lease for $339 Per Month MSRP $26,895. Automatic. Price plus tax, title, registration fee, and $295 administration fee. All dealer and factory rebates and incentives due to dealer. Vehicle must be paid for at time of purchase. 36 month lease, 10,000 miles per year. $22,420 Cap Cost. $3000 due at inception, plus tax, title, registration fee, and $295 administration fee. All lease payments include destination. Subject to Chase Mazda tier 0-3 approval. 0% APR financing available for qualified customers. Cannot combine offers. Vehicle shown for illustration purposes only. Subject to prior sale. Offers end 7/31/09. |
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Hi Carman, Do you have CX-7 GT rates for August ? Thanks
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Replying to: eoseire (Aug 18, 2009 3:53 am) 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. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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