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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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#6 of 268
FWD GT w/tech lease? by s2kpilot
Jun 22, 2006 (3:56 am)
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Hi Car man, we are looking for a FWD Grand Touring with the tech package.
 
24month lease
 
We're having a hard time finding FWD GT combos in the color we are looking for, Copper Red / Sand. Maybe other's are looking for the same combo too. If you happen to know of any in the North East please feel free to post a quick reply here.
 
Thanks -- tom
#7 of 268
Re: FWD GT w/tech lease? [s2kpilot] by Car_man HOST
Jul 16, 2006 (9:45 am)
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Replying to: s2kpilot (Jun 22, 2006 3:56 am)

Hi Tom. I have not been to any Mazda dealers in a while so I don't know of any specific dealers that have the CX-7 as you want it equipped, but you should ne able to find the one that you want if it exists by searching dealer inventory at the following site: http://www.mazdausa.com/MusaWeb/vlStart.action">Mazda Search Inventory. You also may be able tito find another community member who has seen the vehicle that you are interested in by asking around in this discussion: "Mazda CX-7".
 
Car_man
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#8 of 268
Re: Mazda CX-7: Lease Questions [Car_man] by dhager1
Jul 24, 2006 (5:15 pm)
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Replying to: Car_man (Jun 20, 2006 1:35 am)

Hi
 
I got some numbers on a cx7 awd GT with tech pkg..how do they compare?
selling price $31,331, 24 month lease 12k mi/ yr residual 72% .00286 MF
$0 $425 month however i have $4000 in equity on my acura TL trade and would put down the $4000 making my monthly $231. the car had tech pkg, auto dimming mirror/homelink and rear bumper guard pkgs.
I would appreciate some feedback asap as i'm ready to deal!
 
thanks
#9 of 268
Re: Mazda CX-7: Lease Questions [dhager1] by tinycadon
Jul 24, 2006 (6:39 pm)
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Replying to: dhager1 (Jul 24, 2006 5:15 pm)

One of the things I discovered about leasing that they never tell you is if you get into a accident and the car is totalled you do not get back the book value, only what you owe on the car. If you put that $4,000 towards your lease and you total the car the next day, you will completely lose that $4,000!!! The idea is to put AS LITTLE DOWN as possible, pocket that $4,000 and use it to pay the monthly lease payments while collecting interest on it in a savings account. There are some online savings accounts paying 5% interest right now. Don't try to lower the payment, it could end up costing you dearly if something happens. Good Luck.
#10 of 268
Re: Mazda CX-7: Lease Questions [tinycadon] by maximafan
Jul 24, 2006 (10:48 pm)
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Replying to: tinycadon (Jul 24, 2006 6:39 pm)

I've been wondering how that works when
you lease a car and the car gets totalled.
It just happened to me yesterday evening at
around 6:15 p.m. My 2002 Maxima go T-boned
near the right front side from a young college
kid running through a stop sign. The impact
caused me to veer into the oncoming lane and
veer into the grass toward a large building.
I ended up running into three four-foot cement
poles that smashed in the front grill, buckled
the hood, cracked the entire windshield and
making both air bags go off. I would imagine
the car will be a total loss, although you
never know.
So if I'm understanding you, I've got 10
payments left on my Max $369.28 on my lease. So what happens then? Would I get paid $3,692.80 or does something else get added in there to completely pay off the lease and end up paying it off early? Any thoughts on this would be appreciated, since I'm not sure how this is going to work out and this is the first car I've ever leased.
Thanks.
#11 of 268
Re: Mazda CX-7: Lease Questions [maximafan] by vbbuilt
Jul 25, 2006 (4:19 am)
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Replying to: maximafan (Jul 24, 2006 10:48 pm)

OMG, I hope you're OK? So sorry to hear about this!
 
Within the last two years, I've been in two severe accidents that totalled two new cars...luckily walked away with only a broken collar bone (impact was severe enough for the shoulder belt to snap the collar bone) in the 1st and 6 months later, happened again to another new car. Walked away with no injuries on that one. Both accidents caused by hit n' run a**holes. In both instances, I had purchased those cars with GAP insurance. Saved my butt financially.
 
In your case, I'm assuming your insurance will cover up to the blue book value of the car, less your deductible. Not sure about your deposit, though. I wouldn't think you'd be liable for your remaining 10 payments on the lease, since the value of your insurance should cover the loss.
 
I'm sure you've already checked with your insurance and the lease company?
 
Here's a silver lining...now you can get the CX7? Yes?
 
Vince.
#12 of 268
Re: Mazda CX-7: Lease Questions [maximafan] by tinycadon
Jul 25, 2006 (4:51 am)
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Replying to: maximafan (Jul 24, 2006 10:48 pm)

Your lease will get paid off with the insurance, as long as the book value is greater than what you owe. But if the book value on your vehicle is say 20k and you only owe 17k, you do not get the 3k difference as if you owned it, just the 17k to pay it off. That's why you should never try to put $cash$ towards a lease to lower the payment, you would lose that down payment in the event of a total loss accident.
#13 of 268
Re: Mazda CX-7: Lease Questions [tinycadon] by maximafan
Jul 25, 2006 (8:31 pm)
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Replying to: tinycadon (Jul 25, 2006 4:51 am)

Thanks, guys for your concern, and thanks for
the info. I've spent most of today on the
phone with my insurance company, the other
driver's insurance company, and I called Nissan
Motor Acceptance Corp. to let them know and to
try to understand how this might work.
Luckily, when I leased the Max, I got cash back. I was supposed to get $1200 cash back
and they held onto $600, I assume, for the
security deposit. So, thank God, no money
was put down on this lease.
I was also told by the person I spoke to on the phone with Nissan that all leases that are done through NMAC have gap insurance automatically built in. So I would imagine if the car is totalled out, I'll probably be able to walk away as if I had completed the entire terms of my lease, possibly less a $500 deductible.
 
Now, on the other hand, the adjuster may tell
me that the car is repairable. I don't know.
I can't imagine how things might go if I end
up driving a car that may have possibly had over $12,000 in accident repair and live with
it for the next six or seven months.
 
I am getting more and more sore as the day
passes. I had to get a prescription for some
of that stronger Motrin stuff.
I will keep everyone posted on the progression
of all this. Thanks
#14 of 268
CX-7 Touring - 36 Month Lease Numbers by theomegaman
Jul 31, 2006 (9:27 pm)
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Hi Car_Man.....if you could supply MF & Residual on:
 
CX-7 Touring
MSRP: 31,030
36 Month Lease / 12,000 mile
 
&
 
CX-7 Grand Touring
MSRP: 28,045
36 Month Lease / 12,000 mile
 
Thanks in advance!
#15 of 268
Lease? by cx7byer
Aug 01, 2006 (1:59 pm)
Reply
After much negotiation, I managed fifteen hundred off my grand touring copper red with tech and preferred packs and AWD. Now, I'm wondering, should I lease instead? What would you do? How are the lease rates?

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