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Mazda CX-7 Lease Questions

268 messages,  Last post on Nov 18, 2009 at 3:15 AM

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

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#41 of 268 CX-7 Sport Lease by acp18 Nov 13, 2006 (7:08 pm)
First time posting and leasing - have read the edmunds 10 steps to leasing and this sounds like a good deal, but please give input! Received the following quote from a dealer in Arlington, VA for a sport FWD with moonroof, Bose 6 CD and Driver Power Seat:   Price: 24,600 (MSRP is $26,245 and TMV is $26,054) Acq fee: 595 Doc Fee: 299 (I tried to get them to waive this, but they don't seem to be budging) Tags: 53.50 Gross Cap Cost: 25,547.50 Security Dep. 0 Cash down: 2,000 Residual: $15,484 No trade-ins or rebates 36 months/12K Payment: $278.41 (plus $15 for VA property tax)   Final question - I know Edmunds recommends the gap insurance and I understand the basics of it.... how much extra does it generally cost and do the majority of people who lease get it?   Thanks for your time! Replies to this message: Car_man (Nov 15, 2006 4:46 am) acp18 (Nov 15, 2006 7:59 am) jdwksu (Nov 15, 2006 10:29 am) and 1 more... Car_man (Nov 16, 2006 2:27 am)
#42 of 268 Re: CX-7 Sport Lease [acp18] by Car_man HOST Nov 15, 2006 (4:46 am)
Replying to: acp18 (Nov 13, 2006 7:08 pm) Welcome, acp18. Reading the 10 Steps to Leasing article is a very smart place for someone who has never leased before to start. The more you understand leasing before visiting any dealers, the less likely it is that you will be taken advantage of. It makes sense to get gap insurance on a leased vehicle. Mazda Credit, like many other banks, already automatically includes gap insurance on all of its leases at no additional charge. So you are already covered. Make sure not to pay for it twice.   Car_man Host Prices Paid Forum Replies to this message: acp18 (Nov 15, 2006 7:59 am) jdwksu (Nov 15, 2006 10:29 am) carlitos92 (Nov 16, 2006 11:13 am) Car_man (Nov 16, 2006 2:27 am)
#43 of 268 Re: CX-7 Sport Lease [Car_man] by acp18 Nov 15, 2006 (7:59 am)
Replying to: Car_man (Nov 15, 2006 4:46 am) Thanks Car Man. Good to know. How about the lease deal - sound OK to you? Replies to this message: jdwksu (Nov 15, 2006 10:29 am) carlitos92 (Nov 16, 2006 11:13 am) Car_man (Nov 16, 2006 2:27 am)
#44 of 268 Re: CX-7 Sport Lease [acp18] by jdwksu Nov 15, 2006 (10:29 am)
Replying to: acp18 (Nov 15, 2006 7:59 am) Some dealers are having specials right now on CX-7. Not sure if your is or not. I will post the dealership webpage so you can take a look yourself. I thought the purchase price of yours seemed to me a little high.   http://www.townnorthmazda.com/tnm/Homepage.nsf/(lookup-models)/MAZDA%20CX-7?open- - document   2007 MAZDA CX-7:   $3000 OFF MSRP ON SPORT MODELS! OR $2500 OFF MSRP ON TOURING, $3000 GRAND TOURING MODELS! PLUS   2.9 % APR (12-48 MTHS), 3.9% APR (49-60 MTHS), 5.9% APR (61-72 MTHS)   2 YEAR TEST DRIVE OFFER:   FWD SPORT $189/MTH!   Also   http://www.hileymazdahurst.com/ Replies to this message: carlitos92 (Nov 16, 2006 11:13 am)
#45 of 268 Re: CX-7 Sport Lease [acp18] by Car_man HOST Nov 16, 2006 (2:27 am)
Replying to: acp18 (Nov 15, 2006 7:59 am) You're welcome, acp18. The selling price that you were quoted appears to be right around dealer invoice, which is a good deal even when the irritating $299 doc fee is added in. Is the $2,000 that you are putting down on this vehicle just to cover things like its first month's payment, security deposit, and acquisition fee or is some of it being used as a cap cost reduction? I ask because I always advise consumers against making down payments on leased vehicles. Those who make them risk losing them if their leased vehicle is totaled in an accident or stolen and never recovered. Without the down payment, your monthly payment will be higher but you will be better off. You can calculate what this vehicle's monthly payment should be without any down payment by using Mazda Credit's current 36 month, 12,000 mile per year lease program of .00225 and 61% (for the '07 CX7 Sport AWD).   Car_man Host Prices Paid Forum
#46 of 268 Re: CX-7 Sport Lease [jdwksu] by carlitos92 Nov 16, 2006 (11:13 am)
Replying to: jdwksu (Nov 15, 2006 10:29 am) I thought the "Rules of the Road" for this forum said posting dealer website links was not allowed???   Anyway, acp18 appears to be in VA, not TX.
#47 of 268 oops by jdwksu Nov 16, 2006 (2:53 pm)
If those are the rules of the road i was not aware of it... Sorry if it is not.   Was just trying to provide more information for a more informed purchase.
#48 of 268 2007 Mazda CX-7 Touring AWD SUV in northern VA by hobo343 Nov 21, 2006 (7:19 am)
Carman what do you think about this offer??   It is a 2007 Mazda CX-7 Touring AWD SUV in Galaxy Gray with the Moonroof/Bose Audio package. If you lease this vehicle for 48 Months at 12,000 miles per year, your payment comes to $430 a month with just your 1st payment due at lease signing and the residual is $14,672.50. If you go to 15,000 miles per year, the payment is $441 and the residual goes to $14,085.60 . Replies to this message: fonefixer (Dec 04, 2006 1:38 pm) hobo343 (Dec 04, 2006 2:18 pm) Car_man (Dec 12, 2006 3:41 am)
#49 of 268 Re: 2007 Mazda CX-7 Touring AWD SUV in northern VA [hobo343] by fonefixer Dec 04, 2006 (1:38 pm)
Replying to: hobo343 (Nov 21, 2006 7:19 am) not a good deal at all. I bought the same vehicle for $28350.00 plus TT+L. You will have spent $20,650.00 on a lease plus not even be under the bumper to bumper warranty. Also, did that include taxes? Atleast at the end of the 48 months, can sell the Cx-7 and get something back. I don't think the vehicle will have a market value of 14,000 after 4 years, probably more in the 11 to 12 range. Replies to this message: hobo343 (Dec 04, 2006 2:18 pm)
#50 of 268 Re: 2007 Mazda CX-7 Touring AWD SUV in northern VA [fonefixer] by hobo343 Dec 04, 2006 (2:18 pm)
Replying to: fonefixer (Dec 04, 2006 1:38 pm) thx for your response fonefixer. mazda dealers are so greedy around here (nova) eating up all of the mazdausa incentives. still waiting to hear a better deal from them.

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