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Mazda CX-9 Lease Questions

725 messages,  Last post on Nov 25, 2009 at 3:36 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Mazda CX-9, Car Leasing, Car Buying, SUV


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#159 of 725
Interpreting advertised dealer specials by bragot
Jun 08, 2007 (3:10 pm)
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I have to admit, I still don't completely understand the whole concept of leasing. I've read the different posts and the guides, but having difficulty understanding what a good deal would look like.
 
At any rate, I noticed that dealers post special leasing rates. In particular, Mazda has one on the CX-9 currently:
 
http://www.edmunds.com/new/2007/mazda/cx9/100810108/incentives.html?vdp=off&setzip=92688&state=CA#leasing
 
Are these kind of rates generally a good deal already or is it better that I don't even mention this and just focus on negotiating the selling price?
 
Thanks all and thanks for your patience as well.
#160 of 725
Re: Interpreting advertised dealer specials [bragot] by satwar
Jun 09, 2007 (8:24 am)
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Replying to: bragot (Jun 08, 2007 3:10 pm)

I'm no expert, but since this deal is already offered, it should be very easy to total up how much the advertised lease will cost you (24x$337 per month + $2500 down) and compare to the best total payments you can negotiate yourself.
#161 of 725
Grand Touring AWD - Lease cost by readyformyrl
Jun 12, 2007 (9:25 pm)
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Carman or anyone, what is a good lease deal on a $40k MSRP Grand Touring AWD CX9, looking at discounting from other purchases should I even bother using my S/X plan, it seems like there are better deals had without a plan.
 
I'd be looking at the best lease deal 27-36 mos 10,500 miles/year top credit tier. Is $36k possible, if so, where should the lease payment be for 27 or 36 mos. I live in CT, but typically get cars from NJ, the deals are always better there.
 
Thanks
#162 of 725
FWD Touring Lease...a deal? by knoxdoyles
Jun 13, 2007 (11:45 am)
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Hi
I need to know if this is a good deal or not.
 
I'm looking at a touring cx-9 FWD with moon roof, bose, and navi package(navigation, back-up camera, advanced keyless entry)
I was quoted the following:
 
MSRP 36,407 Invoice 33,412
said he'd sell for 500 over invoice +300.00 for dealer trade
selling price= 34212
 
money factor .00115 residual 54% = 19659.78 (should residual be based on MSRP or agreed upon price?)
36 month lease 12,000 miles
483.40 plus tax per month with 1095.69 up front
 
Is this good? or can I do better?
thanks for anyones help
kathy
#163 of 725
Wear and tear protection by sedmund
Jun 14, 2007 (7:58 pm)
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For the lease on CX-9 this is being offered for $485 - usually I would not consider buying such protection policies. But since this is my first lease attempt, I would like to know: Is it usually a done thing to buy this when you lease a vehicle?
#164 of 725
Re: Wear and tear protection [sedmund] by baxterdown
Jun 15, 2007 (3:24 am)
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Replying to: sedmund (Jun 14, 2007 7:58 pm)

Wear and Tear protection is nothing other than money in the dealer's pocket. Don't buy it. All you need to worry about is the MSRP of the car (to calculate residual), the price you negotiate and the money factor (mf X 2400 to get interest rate). This will give you your monthly payment.
 
Since this is your first time leasing, go to www.leaseguide.com. There is a ton of very useful information over there.
 
jose
#165 of 725
Re: CX-9 and Mazda6 [lukesdaddy] by Car_man HOST
Jun 22, 2007 (2:10 am)
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Replying to: lukesdaddy (May 17, 2007 5:19 pm)

Hey lukesdaddy. On-line lease calculators are not very accurate unless you plug the actual money factor and residual value that the bank is using to calculate your monthly payment into them. The calculators that do not ask for this information use an average interest rate and ALG's residual values. As a result, the lease payments that they come up with are usually way too high. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 CX-9 AWD with 15,000 miles per year are .00115 and 54%, respectively. If you use these numbers you should come up with the same payment that I did.
 
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#166 of 725
Re: CX-9 lease numbers [dm13850] by Car_man HOST
Jun 22, 2007 (2:25 am)
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Replying to: dm13850 (May 18, 2007 11:39 am)

Here's the information that you're looking for, dm13850. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Mazda CX-9 AWD with 10,500 miles per year are .00115 and 57%, respectively.
 
Car_man
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#167 of 725
Re: Impossible Lease Deal on CX-9 Touring AWD? [baxterdown] by Car_man HOST
Jun 22, 2007 (2:36 am)
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Replying to: baxterdown (May 26, 2007 6:05 am)

Hi Jose. As sales tax rules often do, the exact policy on this matter may vary from state to state. Having said that the answer to your question is probably yes. In the states that offer tax credits for trades that I am familiar with this credit would reduce the sales tax on a leased vehicle. I have actually done this myself. Just make sure to have the dealer that you're working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease.
 
You may be able to find out more information on the specific sales tax rules that your state has by visiting the following sites: Florida Department of Motor Vehicles and Florida Department of Revenue.
 
Car_man
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#168 of 725
Re: CX-9 lease numbers [dm13850] by Car_man HOST
Jun 22, 2007 (2:37 am)
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Replying to: dm13850 (May 26, 2007 6:28 am)

Here you go, dm13850. Mazda Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2007 Mazda CX-9 AWD with 10,500 miles per year are .00053 and 67%, respectively. The numbers for an otherwise identical 36 month lease are .00115 and 57%.
 
Car_man
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