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Mazda CX-9 Lease Questions

486 messages,  Last post on Jul 07, 2008 at 12:25 PM

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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#343 of 486
A Good Deal?? by anewcarone
Feb 19, 2008 (5:58 pm)
Reply
dip007
 
I was just quoted this cost for '08 Mazda CX-9 FWD, GT Assit Pkg.,
Rear Seat Ent./Bose & Blind Spot Mont. Sys.
 
MSRP- $39400.00
Cap. Cost- $36350.00
Drive Off- $1050.00 (includes 1st month payment)
Term-36 Mos., 12K Mi./Year
Payment-$562.00 (Includes Tax)
Residual-$20,082.00
 
Is this a good deal? I'm going through a auto broker. I live in So Cal.
 
Thank you very much, as I truly do not understand the formulas of what
determines a good deal.
#344 of 486
Re: A Good Deal?? [anewcarone] by r000
Feb 19, 2008 (8:41 pm)
Reply

Replying to: anewcarone (Feb 19, 2008 5:58 pm)

Your deal is on the high side. A decent deal on a loaded FWD GT is around $500 a month with TAX.
 
A great deal is what "kscap" got :
 
MSRP: $40,085
Term : 27 mos
Residual: 63% 12k mi / yr
MF: .00101
Due At Signing: $1,425
Payment: $463/mo including tax
 
#345 of 486
Re: A Good Deal?? [r000] by anewcarone
Feb 19, 2008 (11:23 pm)
Reply

Replying to: r000 (Feb 19, 2008 8:41 pm)

r000
 
Thank you very much for your reply. I will have my broker "sharpen"
his pencil. If he says he can't do better, what does everybody recommend.
#346 of 486
Re: A Good Deal?? [anewcarone] by mseningen
Feb 20, 2008 (9:07 am)
Reply

Replying to: anewcarone (Feb 19, 2008 11:23 pm)

Can him and take out the middle man. He's got to earn a living,
and you have to decide whether you are willing to pay him for his time
or if you have the time to do it yourself.
 
Email the all the local dealerships within a reasonable
driving distance and you can either wait to see what they give you,
or define the parameters that will win your business
(i.e. if you are please with what you saw in these forums,
you could suggest that (or slightly better) for your request)
 
m
#347 of 486
Re: CX-9 GT Lease - Please Evaluate [kscap] by cwa318
Feb 22, 2008 (9:59 am)
Reply

Replying to: kscap (Feb 18, 2008 6:17 pm)

This is awesome....what did they sell you the vehicle for?
#348 of 486
Re: CX-9 GT Lease - Please Evaluate [kscap] by dip007
Feb 22, 2008 (11:34 pm)
Reply

Replying to: kscap (Feb 18, 2008 6:17 pm)

You got a great deal - however your ratio calculation is off.
 
Dealers want their money and don't care how they get it and often do not consider the time value of money when finalizing sales (not firms). If tht were the case then dealers would want 5000 at minimum down on every deal. With that said, however you slice it; for every 1000 down = $27 less a month on a 36 month lease (Don't let them tell you otherwise with excel calculator tricks). For a 24 month lease every 1000 = $41 a month. Your ratio of 94 is very very good. Sleep well at night knowing that you got the best of the dealer and he is cursing you at this very second. Me as a sales manager would look at this ratio and say "and just how are we going to survive until Memorial Day selling cars like that"? In the end, a unit sold an empty space on the lot. Win-Win deals are always good.
#349 of 486
Re: A Good Deal?? [anewcarone] by dip007
Feb 22, 2008 (6:45 pm)
Reply

Replying to: anewcarone (Feb 19, 2008 11:23 pm)

Advice:
 
Take the MSRP divide by 90 and then divide by 95 or use your band range however you see your high/low. In negotiation your High and Low bottom lines need to be strategical. Say the MSRP is 40,000 with a set variable of 2500 down:
 
95 ratio = 416 per month
90 ratio = 444 per month
 
This is your "good deal" range. Remember that a good deal is subjective when only your value for an object is known. Forums such as this show the shared sense of value for items thus revealing the comparisons between deals.
#350 of 486
Re: CX-9 GT Lease - Please Evaluate [dip007] by cwa318
Feb 23, 2008 (3:25 pm)
Reply

Replying to: dip007 (Feb 22, 2008 11:34 pm)

Here is the latest quote I got from a local dealer on the West coast of Florida
 
08 GT FWD (GT Asst., Bose/MR, Blind Mon, Mirror)
Msrp 39825 ( White)
Sell 34705 - 750 = 33925
Res 49
MF 2.11 (.00088)
36M 15K
$795.00 Due at signing.
Pre Tax - 474.38
W/Tax 507.59
 
This 1K under invoice. I wanted 2K under. They say they can't do it. Should I hold out for maybe 1.5K or can I get 2K under with a little work?
#351 of 486
Re: CX-9 GT Lease - Please Evaluate [cwa318] by e28m5
Feb 24, 2008 (6:53 am)
Reply

Replying to: cwa318 (Feb 23, 2008 3:25 pm)

That payment is high based on your numbers. Assuming your residual and money factor are correct, I get the cap cost to be about 34925. If it was truly 33925, payment would be 448 pretax. I don't know about getting more than 1k below invoice - if I get that I'll be happy (if I don't I won't lease now).
#352 of 486
Re: CX-9 GT Lease - Please Evaluate [e28m5] by cwa318
Feb 24, 2008 (2:36 am)
Reply

Replying to: e28m5 (Feb 24, 2008 6:53 am)

Thanks for the info. I have 1000 below right now. I figured the payment based on the calculator from leaseguide.com. I figured 750.00 in for dealer fee and other minor fees. Should I not? This probably making the difference in payment. The 795.00 up fronts are also helping with this.

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