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Prices Paid: Buying & Leasing Experiences Mazda CX-9 Prices Paid and Buying Experience
2135 messages, Last post on Nov 08, 2009 at 7:04 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: couchman57 (Feb 11, 2008 5:11 am)
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Replying to: btm2518 (Feb 11, 2008 11:03 am)
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Replying to: couchman57 (Feb 11, 2008 11:41 am) |
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FYI, here is my lease deal (Central NJ) AWD CX-9 Touring rear entertainment back-up camera towing package MSRP $37,300 24 mth lease residual 65% MF .00042 miles 10,500/yr zero down monthly payment including sales tax, NJ guzzler tax, $595 bank fee $468/mth out of pocket, $360 + 1st month
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Replying to: go8 (Feb 12, 2008 5:23 am) Can you please tell me the dealer you got this deal from? Thanks. |
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Replying to: go8 (Feb 12, 2008 5:23 am) What was your final negotiated price for the car? |
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Replying to: btm2518 (Feb 10, 2008 11:03 am) cx-9 Grand Touring fwd moonroof/bose/assist package/rook rack/homelink/aftermarket dealer installed dvd player-MSRP was 40k 36k with 2.9% APR-deal done, car received. I am hoping I got a good deal |
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I want to share some knowledge with you all to "level your minds" when interpreting your deals against others it is called the "lease per dollar ratio (LPDR) ". The factor basically takes into account 5th grade division applied to graduate school economics. With all things being equal in your Down Payment. Here is how it is done: LPDR = MSRP / lease payment per month. The closer to 90 > the better. Use it to measure the total benefits gained vs. the total cost. For instance I get a car for $30,000 and pay $350 a month my LPDR is 85.71. Which means for every dollar I pay is equal to $85 of the MSRP. You ultimately WANT to get more VALUE of the MSRP per dollar spent.
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To "level" the down payment comparison in order to do the LPDR. add or subtract $27 per 1000 down (for a 36 month lease) from the variable being compared. John's lease: MSRP - 30,000 Down - 2000 Per month - 350 LPDR = 85.71 Doug MSRP - 40,000 Down - 1000 Per month - 410 (add $27 to make down payment equal) = 437 LPDR = 91.51 Doug's lease is better as his benefits outweigh the cost of John. 1 dollar paid = $91 of the MSRP. |
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Your next step now is to compare Doug to John's deal. (when all else is equal and down payments are the same. If John got Doug's deal/ratio he would have paid: 30,000 divided by his LPDR of $91.51 = $327 a month instead of $350 If Doug got John's deal he would have paid 40,000 divided by his LPDR of $85.71 = 470 instead of 437. So now you can see how you can systematically compare your deal to the demand market. |
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