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Prices Paid: Buying & Leasing Experiences Mazda CX-9 Prices Paid and Buying Experience
2191 messages, Last post on Nov 27, 2009 at 1:27 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: dpagnotta (Nov 23, 2007 10:01 pm) "...can I find out the exact residual value..." Nope. You can ask what a particular leasing company considers the residual, but there is no single residual value. The residual value is simply what the leasing company thinks the vehicle will be worth at the end of the lease. They try to get it as accurately as possible but it is, nonetheless, just a guess. A number of years ago, leasing companies thought big SUV's were the in thing and would be popular forever. Then gas prices skyrocketed. You're not in the market for a big Ford Excursion, right? Maybe because it is HUGE and gets mileage in gallons per mile instead of miles per gallon? (ok, exaggeration there) Well, what do you think happened to those leasing companies that leased out those vehicles and thought that after 3 years, they'd be worth 60% of their value - but then found that they could get only 45% of their value? Well, they paid out 100% of the vehicle, you paid off 40%, and then can get back only 45% - so now they find that they've just lost 15% on the vehicle. Not a good deal for them. So leasing companies don't want to make the residual value too high because then if the vehicle is worth less than that, they'll lose money. But then, they can't make the residual too low because then your payments would be too high and nobody would ever want to lease from them. So just like banks all compete on the interest rates for loans, residual values are similar - it will vary from leasing company to leasing company. On top of that, the residual will vary based on the location and time of year. A vehicle that is highly desired in the northeast might not be worth much in California. And, of course, if you buy a vehicle when it just comes out, the value three years from then will be different than someone buying the same car at the END of the vehicle run when the new models are about to come out (or rather, three years from THEN). And some cars are worth more in different seasons; the value of a used convertible might be higher in the summer so three years from you buying it in the winter might be a lower residual than figuring three years from you buying it in the summer. So you can ask the dealer to tell you what a particular leasing company is figuring the residual as, but there's no one specific value to compare against - you just have to look at what different leasing companies are giving. |
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You read right, I got my brand new 2008 CX-9 below invoice and 0% finance! The car is so so great and so so new (4 miles on OD)... And yes below invoice (not MSRP)! Can't find anything better in SF Bay Area for sure! Edmunds' Forum Host told me that I can't name the sale manager who got me the deal but I can tell you the dealership - Menlo Park Mazda. Good luck and Happy shopping!
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Replying to: gleung (Dec 02, 2007 8:05 am) Can you provide us with some more details: MSRP: with out ad-ons Invoice Price: Price Paid before TTL (plus any fees such as doc fees, port fees, etc...) Rebates: If any? Was there a trade involved? Thanks |
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I just bought my 08 CX-9 Touring a few days ago. Here are the specs: 08 CX-9 Touring AWD Brilliant Black Touring Assist MoonRoof/Bose Remote Start roof rails MSRP: $38,915 my price: $35,601 (S-plan invoice) + TTL and I couldn't turn down 0% 36 months financing! I went with a loaded Touring vs a minimal GT, mostly because of the 20" wheels. Living in Colorado, I did not want to spend a fortune on snows and replacement costs would be high. Plus, wheel size bling is not a priority for me. I'll have to see how the 18" all-seasons do in the snow. Also, the backup camera on the nav screen seemed more appealing than on the mirror (if we got the GT). Great buying experience. I was in and out within 90 minutes, which included the test drive. The dealer had the car with options I wanted and with s-plan the price was easy. I would have preferred Galaxy Gray, but oh well. Sign some papers and I was driving home. Zoom Zoom! |
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Replying to: live2ski (Dec 02, 2007 9:43 pm) Did you pay any fees (doc fee, port fee, etc....)? Thanks
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Replying to: seloo (Dec 03, 2007 3:34 am)
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Replying to: live2ski (Dec 03, 2007 6:59 am) Good purchase, enjoy your car! |
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08 CX-9 Grand Touring AWD Stormy Blue Sand Interior GT Assist Package MoonRoof/Bose Blind Spot Monitoring MSRP: $39,800 Invoice: $36,512 My Price: $36,012 + TTL $0 Down 0% / 36 months financing Purchased at Menlo Mazda in SF Bay Area. Very quick transaction, with no hangling involved.
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Replying to: vats (Dec 03, 2007 9:43 am) Did you pay any additional fees? Thanks
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