Last post on Nov 23, 2013 at 6:52 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Mazda CX-9, Car Leasing, Car Buying, SUV
#319 of 1137 Re: Atlanta Deal - Please Review [richwhite34]
Feb 05, 2008 (9:38 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!
#320 of 1137 Re: Atlanta Deal - Please Review [redline122]
Feb 06, 2008 (9:19 pm)
I would like to that you for your great explanation it sure will help
#321 of 1137 AWD CX-9 Grand Touring
Feb 07, 2008 (2:46 pm)
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?
#322 of 1137 AWD CX9 Grand Touring
Feb 17, 2008 (11:56 am)
After all the help I got from this site and Edmunds in general I thought I'd post the deal my gf and I got yesterday. GT AWD with Moonroof/Bose, BSMS, All Weather Mats, I think that's it.
Negotiated Price: 34, 136
$2500 down cap cost reduction
Monthly payment with all sales and state excise tax $408.36 36 months 36000 miles
The MF was .00088
We're real happy with this deal.
#323 of 1137 AWD CX9 Grand Touring
Feb 17, 2008 (3:07 pm)
You got a great deal, you have a 1 to $92 lease ratio which means that every dollar you pay a month = $92 of the MSRP. The higher this number is the better (although with all things being equal the ratio factor ignores money down so if you compare your lease to someone else's make sure you level the down payment) click on my user name and see my postings on Leasing Economics. Just a tip that dealers will never give you a $100 to 1 ratio or it is very unlikely assuming an average of 2500 out of pocket. A good rule of thumb is if you ration is 90+ you are in good statue.
#324 of 1137 Re: AWD CX9 Grand Touring [dino1313]
Feb 17, 2008 (3:59 pm)
What is your tax rate and where did you get this deal?
The down payment is a huge factor. So far my lowest deal s $450 a month with no down payment. Thats on a AWD GT with Bose/Moonroof ,BSMS, Homelink and Cargo Cover.
MSRP = $37780
Monthly payment = $450
MSRP/Payment = 83.9
However when I factor the down payment in dino's deal, these deal is better. correct me if I'm wrong.
Also does anyone know exactly what dealer incentives Mazda currently offers? I was under the impression that all they have right now is the $1000 marketing incentive?
#325 of 1137 Re: AWD CX9 Grand Touring [r000]
Feb 17, 2008 (4:34 pm)
You are exactly right - your deal is better than Dino. Economically and with all things being equal making the benefits equal to the costs.
The down payment is a very huge factor in this ratio and must equal the variable being compared. If you are paying 0 down you must deduct your monthly payment by $13.50 per 500 down (for a 36 month lease) to match whomever price you are comparing too. For example, Dino put 2500 down to do a comparative analysis on the payment ratio we must make the variables equal: to compare let us say that you are putting 2500 down.
MSRP = $37780
Monthly payment = 450 (-$67) = $384 per month
Down = 2500
MSRP/Payment factor = 98
You are actually almost close to $100 per 1 dollar owed on this deal which would make a dealership (whom I've consulted with in the past on this analysis) very angry.
Both consumers (buyers) and suppliers (dealers) can use this ratio to leverage deals.
#326 of 1137 AWD CX9 Grand Touring
Feb 17, 2008 (4:40 pm)
Now to compare your rate to Dino take his MSRP of 37,765 and divide by your LPMR ratio which is 98.
You would have gotten 385 a month compared to what he paid.
#327 of 1137 Re: AWD CX9 Grand Touring [dip007]
Feb 17, 2008 (4:47 pm)
Thanks for the quick reply.
Is it possible to compare 2 leases with different lease lengths? Example 27 vs. 36 months.
That deal that I posted is for 27 months.
27 months = 64% Residual and 36 months 52% residual. So from my perspective doesn't it make sense to lease for 27 months?
#328 of 1137 AWD CX9 Grand Touring
Feb 17, 2008 (5:01 pm)
The 27 and 36 month lease comparison will change the balance factor of the down payment when doing your comparative analysis.
36 month lease:
For every $500 down -/+ $13.50
27 month lease
For every $500 down -/+ $18.50
Your overall payment may also change based on the money factor between the 27 and 36 month lease. But is actually irrelevant once you have the final per month price. You get your ratio based on the bottom line.