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Prices Paid: Buying & Leasing Experiences Mazda CX-9 Lease Questions
736 messages, Last post on Dec 07, 2009 at 5:48 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: goodhands (Feb 04, 2007 9:05 am) Car_man Host Prices Paid Forum |
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Looking for some details on the Mazda Lease for a CX9 Grand Touring FWD. What is the money factor for a 39 month lease? Residual Value? Additional Lease Costs? Just test drove the Touring model-Great ride.
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I was offered the following lease deal in Long Island, NY, on a CX 9 AWD Touring model, no nav or entertainment: $388/month; $2500 down (includes tax bank fees and 1st mo. payment). Term of lease is 39 months, 12k miles a yr. $33,010 list $31,263 acquisition cost residual value =57% money factor = 00137. How does this sound? |
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Hi Car Man, I was wondering if I could get the money factor and RV for a GT AWD with the Navigation package (if that makes a difference) for both 12,000 and 15,000 and both 36 and 39 month terms. Thanks for all the great work you do on this website, it is extremely helpful when leasing a car.
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Replying to: thetedla (Feb 18, 2007 8:57 am) That is a good lease deal. I'm hoping the money factor will apply in NJ, that is a 3.288% interest rate and a 57% residual for 39 months is good, especially when prior postings speak of a 61% residual for 27 months. I'll let you know how we do, but we are waiting for the Grand Touring, should be in the next few weeks. |
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Do I feel riped off. I just got a quote to lease the CX9 for 2500 down and 470.00 a month, with only 10,500 miles for 39 months. I told them they were crazy and left. I really do love the way it test drove though....
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Replying to: flino4 (Feb 20, 2007 5:41 pm) Here is some help with getting the best lease deal. First, you need to negotiate the purchase price (typically some amount over invoice unless there are big manufacture incentives which could result in a purchase below invoice, once you have negotiated a purchase, then make certain that price is used as your "cap cost". Other information that is needed is what is the residual price (cost to buy at end of lease)and the money factor (multiple by 2400 to come up with an interest rate - crazy metric to confuse the consumer). There are lease calculators on the net to play with - check out leaseguide.com. Basically, the deal that you were quoted appears to be at retail (MSRP) with no cap cost reduction and an interest rate around 4-5% depending on the residual. Go back and negotiate around $500 over invoice and your monthly will drop nicely. Good luck |
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Hey there... Can you help me decide if this is a good deal. The car list at 35,140 he offered it at 32,719 the lease deal is 3000 down with payment of 395.54 month for 27 months. the residual value is 67% or I could do 4000 down and 356.00 per month... I think this is a better deal than the other dealer gave me. I appreciate all of your knowledge. Maria
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Replying to: flino4 (Feb 21, 2007 1:46 pm) |
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The 3000.00 is the down payment and also includes the first month. I dont get what you mean by the money factor. He said he gave me the best interest rate available.. He said 27 month payment is cheaper than 39 month because of the residual or something... Maria
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