346 messages,
Last post on Nov 04, 2011 at 7:29 AM
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Mazda CX-7, Car Leasing, Car Buying, SUV
#332 of 346 Re: Mazda CX7 2011 Sport Lease [dannyboy10]
by Car_man HOST
Jun 06, 2011 (4:13 pm)
Hi Dannyboy10. You should be able to do a lot better than $500 off on this truck. Mazda is providing a $500 cash incentive on leases of it, so in essence the dealer isn't discounting the vehicle at all. Negotiate a selling price that's as close to dealer invoice as possible and then have the dealer take off the cash incentive.
The money factor that you were quoted is way too high as well. If your credit is in good shape, this truck's factor should be about half what you were quoted.
If I was quoted this deal, I definitely would shop around.
Car_man
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#333 of 346 2011 Mazda CX-7 Sport
by cera79
Jun 07, 2011 (9:15 am)
Can someone provide me the current money factor for a 2011 CX-7 Sport?
I am seeking a 15k miles, 36 month lease .....
#334 of 346 Re: June lease #s? [Car_man]
by af145
Jun 08, 2011 (7:47 am)
Thanks a lot for the info. But 46%?! With the previous year's model gone for only a couple of months? Mazda management must be out of their minds. That's full 10% less than the residual on Acura RDX! This way, the more expensive RDX will be cheaper to lease!
Jun 13, 2011 (3:03 pm)
Hello I just read your post on the cx7 and was wondering if you could give me an idea of a reasonable lease payment
$25,340 msrp w/ conv. Package
0 down.
6% sales tax
They mentioned that I’m eligible for the loyalty incentive and then whatever the incentive is for June.
#337 of 346 Re: 2011 Mazda CX-7 Sport [cera79]
by Car_man HOST
Jun 14, 2011 (5:02 pm)
I'd be happy to cera79.
Chase's current buy rate lease money factor and residual value for a 36 month lease of a 2011 CX-7 Sport FWD with 15,000 miles per year are .00086 and 47%, respectively.
Car_man
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#338 of 346 Re: June lease #s? [af145]
by Car_man HOST
Jun 14, 2011 (5:04 pm)
Yep, that residual is right af145. It's difficult to say if the depreciation on Mazdas is actually that much worse than it is on Acuras or if Mazda is just being more realistic in its estimate of the future value of its vehicles. I know for a fact that BMW and Mercedes artificially inflate their vehicles' residuals all the time in an effort to hide support and make their leases more attractive to consumers.
Car_man
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#339 of 346 Re: Mazda cx7 2011 [voilamode]
by Car_man HOST
Jun 14, 2011 (5:12 pm)
Hi voilamode. This vehicle's lease payment will depend upon what its selling price is. There should be $1,000 in cash incentives on leases of this truck, including the loyalty cash. Let's say that you are able to negotiate another $1,000 dealer discount on top of that.
According to my calculations, if you were to lease a 2011 Mazda CX-7 i Sport 2WD that has an MSRP of $25,340 and a selling price of $23,340 through Chase right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $348.
Car_man
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#340 of 346 Re: Mazda cx7 2011 [Car_man]
by voilamode
Jun 15, 2011 (4:29 am)
Thank you, this is right around where we'd like to be so I'll uses these numbers in the neg process...
#341 of 346 Re: Mazda cx7 2011 [voilamode]
by Car_man HOST
Jun 15, 2011 (5:03 pm)
No problem voilamode.
Car_man
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