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Mazda CX-9 Lease Questions

692 messages,  Last post on Nov 08, 2009 at 8:10 AM

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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#225 of 692
Re: MF and residual for 08 [tommy3102] by tommy3102
Oct 15, 2007 (9:04 am)
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Replying to: tommy3102 (Oct 14, 2007 1:40 pm)

Ok I was scratching my head so I called the dealership and this is what I got...
 
Total payment is 671.08 per month.
This is based on Total Cap Cost of 42,881.24
MF of .00132
Residual of 52% or 21,795.80
36 months 15,000 miles
 
Cap Cost is made up of...
38,780.57 purchase price
595 acquisition fee
299 MV
298 Doc Fee
1,555.17 Taxes
675 wearcare warranty
 
Based on this breakdown I realize that I fell for haggling with them to get close to the cars.com invoice price but at the end of the day not realizing thy were giving prices based on taking the 595 fee and adding it on later. That means they got a very good deal off of me. Guess I paid about 900 over invoice for the '08. I Stink!
 
Not really that unhappy given that the deal relative to my other car choices was still way better, but still kicking myself since I knew better and by the time we were signing I was woozy.
 
The low MF really was great though, and the residual was right there with Lexus, and Acura.
 
The other thing to consider is we really love the car - well not the NAV - asked it to direct us "Home" and it said "displaying ski resorts". That is right from a bad 80's sitcom, but anyhow.
#226 of 692
Re: MF and residual for 08 [cspillman] by Car_man HOST
Oct 17, 2007 (1:27 am)
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Replying to: cspillman (Oct 06, 2007 9:32 pm)

Hi cspillman. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 CX-9 AWD with 15,000 miles per year are .00132 and 52%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher.
 
When negotiating your lease on the CX-9 that you are interested in, make sure to take the $750 lease cash that Mazda is currently providing on it into account.
 
I am not sure if Mazda allows the residualization of roof racks, dimming mirrors and mud flaps. I suspect that it does, but you will have to check with your dealer to find out for certain.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#227 of 692
one more update by tommy3102
Oct 17, 2007 (6:12 am)
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Carman -- when did the lease cash come into play? I had not seen that! Wish I did. In your opinion how bad did I do? I questioned the $595 acquisition fee I thought I paid twice (see post 225) and they explained that the acquisition fee I paid was the bank fee for the lease, and that the destination charge was included in in their invoice number.Does this sound right to everyone? Made reasonable enough sense to me.
 
Thanks!
 
I have to say the dealership has been very on top of things with regards to answering my questions about my car and the deal.
 
Open Road Mazda in NJ - If you live in Central Jersey I def recommend these guys.
#228 of 692
Re: MF and residual for 08 [Car_man] by maverick8
Oct 17, 2007 (8:26 pm)
Reply

Replying to: Car_man (Oct 17, 2007 1:27 am)

hi Car_man, still haven't sorted a car yet but this is mainly due to distractions and testing myself for using bicycle for month+ (I leave our car with my wife).
 
Anyway, you explain that the 12k miles PA = 2% better residual than 15k. Can you tell me what residual I should currently expect for 10.5k PA - 36 months - on 08 CX9 GT AWD?
 
Also, is the lease cash available in CA? and finally, what is the current buy-rate MF for same deal?
 
Still torn between Outlook and CX but my wife prefers the CX so I guess thats where we will end up.
 
Thanks in advance,
#229 of 692
Just leased a 08-GT-AWD by remmib
Oct 20, 2007 (4:59 am)
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I am interested in the CX-9 since March and have been looking at this forum in the last 7 months. This is a great forum and I learned a lot here.
Finally I was able to drive home a Stormy blue 2008 CX-9 GT-AWD last night.
  
For a 24 months 12k miles /year 08 GT-AWD
October MF is 0.00079, residual 64%, got similar quotes from two other dealers. Also there is a $750 lease rebate
The numbers were a lot better in September though:
MF 0.00059, residual 65%, $500 lease rebate
I went to the same dealer on Sept. 30 but didn't get the Sept. deal, and now I need the car and stuck with higher MF and lower residual, oh well.
 
Details:
08 GT-AWD + Assistance + Moonroof/Bose package
MSRP $39510.00
Edmund's Invoice $36300.00, there is a $200 advertising fee so invoice is $36500. (all dealers in the SF bay area have this)
Selling price: $36250 - $750 rebate = $35500, so it is supposed to be $1000 below invoice (dealers like to include the rebate to make one think he's getting a great deal)
 
I think my deal is not super sweet, but decent, what do you think?
Still need to learn how to pair my BT phone and use the navi system....
#230 of 692
Re: Just leased a 08-GT-AWD [remmib] by enp14
Oct 22, 2007 (4:26 pm)
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Replying to: remmib (Oct 20, 2007 4:59 am)

Could you tell me how much you put down and what your monthly payments are? thx.
#231 of 692
Re: Just leased a 08-GT-AWD [enp14] by remmib
Oct 23, 2007 (10:19 am)
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Replying to: enp14 (Oct 22, 2007 4:26 pm)

Out of pocket is $1500, monthly payment $516 tax included.
 If it were $1000 out of pocket, the monthly would have been $528 tax included.
#232 of 692
Residual and money factor for November by gusbuf
Oct 30, 2007 (7:32 am)
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Hello Car Man. I am in the Buffalo, NY area and would greatly appreciate, as I am sure others would too, the money factor and residual values for November when they are released by Mazda. I am particularly interested in an 08 CX-9 Touring
AWD, 36 mo/12,000 mi per yr, or 24 mo/12,000 mi per yr. Thanks so much in advance.
#233 of 692
Re: Residual and money factor for November [gusbuf] by gusbuf
Nov 06, 2007 (7:13 am)
Reply

Replying to: gusbuf (Oct 30, 2007 7:32 am)

Well, I found out on my own that Mazda has kept the money factor the same from October, .00132, but has inexplicably lowered the residual from 54% to 52%. What?! The vehicle just won Motortrend SUV of the Year for crying out loud. One would think that Mazda would want to sell and lease these vehicles to take advantage of the recent press. Apparently, they have taken the opposite stance. They think people will lease this car regardless of the numbers, because of its recent press. I am now looking more strongly at the Hyundai Veracruz and Saturn Outlook. I have heard from a local Mazda dealer that hundreds of Mazda dealers around the country have contacted Mazda to complain about November numbers and get them to make the numbers more attractive to buyers. We'll see what happens.
#234 of 692
New CX-9 Owner by force99
Nov 10, 2007 (7:50 pm)
Reply
I just came home with a 2008 Grand Touring AWD, Moonroof/Bose package, GT Assist package (Nav), roof rails, splash guards. MSRP $39,885.
 
My payments are $560 (includes tax) for 36 months, 12000 miles a year, $0 out of pocket.

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