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Prices Paid: Buying & Leasing Experiences Mazda CX-9 Lease Questions
723 messages, Last post on Nov 21, 2009 at 5:58 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: redline122 (Jan 13, 2008 7:18 pm) My lease was for 36 months with 15K miles per years. The cap cost was the final sales price negotiated from the MSRP and did not include any dealer installed items. The car I purchased had all of the options when it arrived on the lot and I did not have the dealer put in anything else. I learned the best way to negotiate the price of a car is to contact the dealer through the internet. I will never sit in a dealership ever again while they play the game. I love this car. It's been two weeks and I'm still very happy. |
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| Can anyone give the current lease program money factors? Is it any better than December? | |
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Replying to: erickrn (Jan 20, 2008 9:48 pm) It's the ONLY dealer in Irvine, CA. Posting guidelines prevent me from mentioning the name of the dealership or the sales person that assisted me. Just make sure to speak with a sales manager. |
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Replying to: abello (Jan 21, 2008 10:24 pm) Most dealerships will give you the invoice price without much hassle. I was able to reduce the final negotiated price $1175 below invoice. Many people are able to get around $500-600 below invoice. This is definitely possible with the FWD. My purchase price details were: MSRP: 39300 Dealer's Invoice Price: 36175 I started to negotiate at 33000 and the dealer agreed to 35000. Hope this helps.
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Replying to: shakeel3 (Jan 21, 2008 3:31 pm) |
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Replying to: redline122 (Jan 23, 2008 1:23 am) Thanks |
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I was just given the following deal on an '08 CX9 Touring FWD. MSRP - $37,767. The deal quoted was for a cap. reduction to $34,321. The lease term would be for 36 months at 15K miles/year and this would essentially be a sign and drive deal (except that I said I would pay first the first month payment and the dealer APR fees at the table). The Finance Manager gave out the following information: - 49% residual - money factor of .00150 (3.6%) - monthly payment = $518 + tax Question: 1. Is it correct not to offer me the lowest interest rate (I was told that my credit score had to be 740 or above to receive what they offered), based on me not putting money down, or the fact that it is for 15k miles/year 2. Is the residual this low based on mileage and term? Seems low to me Please help.
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Replying to: richwhite34 (Feb 03, 2008 4:43 pm) Some thoughts to your questions... 1. Be certain of which bank the dealership is quoting. Is it the captive financing through Mazda or is it another bank? When I went to the dealership, it seemed that the credit score determined the money factor. Again, it maybe how each bank appraises your creditworthiness. As an FYI, I used Mazda's captive financing. 2. I have a 3 year lease with a slightly higher residual (52%). Residuals could change month after month. With 15K, the residual on the CX-9 would have been 50% for me back in December 2007. Again, refer to the previous thought as to which bank is the dealer quoting. I didn't see high residuals for many other CUV/SUVs, unless if you go down to a 24/27 month lease obviously!  Even the higher end vehicles like the Mercedes Benz GL had a residual of about 53-54% on a 3 year lease. As always, know your credit score before you go to the dealership. You can also call ahead and find out what the money factors and residuals are for the CX9 for Tier 0, 1, and 2. This should help with your math! Good luck!
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Replying to: redline122 (Feb 05, 2008 9:38 pm) I would like to that you for your great explanation it sure will help Alex |
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| In St. Louis Missouri, what would others expect I should be able to get for a CX-9 GT with the Moonroof, Bose, and roof rack? I would like to lease for 36 months and 15k miles/year. In other words, what bottom line price, residual, and money rates? | |
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