Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Mazda CX-9 Lease Questions
724 messages, Last post on Nov 23, 2009 at 3:23 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| 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? | |
|
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. MSRP 37,765 Negotiated Price: 34, 136 $2500 down cap cost reduction $750 rebate 53% residual 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.
|
|
|
Dino, 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. |
|
|
Replying to: dino1313 (Feb 17, 2008 11:56 am) dip007 - 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?
|
|
|
Replying to: r000 (Feb 17, 2008 3:59 pm) 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. |
|
|
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.
|
|
|
Replying to: dip007 (Feb 17, 2008 4:40 pm) 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? |
|
|
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. |
|
|
Replying to: r000 (Feb 17, 2008 3:59 pm) |
|
|
Good Luck after all is said and done with negotiation, try to get based on invoice and the rebate applied.When they spit the number at you per month divide it by the MSRP to see what your ratio is. My advise is that you want to be over a 90 to 1 ratio without putting over 2500 down (with all fees included). So if your car is 39K try to get the monthly fee based on 36 or so and let them calculate all the mumbo jumbo. Just so you know a ratio of 92 is 424 a month with 2500 down.
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Mazda CX-9 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Mazda CX-9
Browse by Board
Browse by Topic
Today's Chats
