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Prices Paid: Buying & Leasing Experiences Mazda CX-9 Lease Questions
725 messages, Last post on Nov 25, 2009 at 3:36 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: r000 (May 07, 2008 4:14 am)
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Does anyone happen to know the minimum FICO score required by Mazda American Credit in order to receive their top-tier leasing rates? This information would be greatly appreciated. Thanks! |
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Hello: I offered: 2008 Mazda CX-9 FWD 4dr Grand Touring Invoice MSRP Base $30,842.00 $33,355.00 Options $5004.00 $5,860.00 Destination $635.00 $635.00 _______________________________ Total $36,481.00 $39,850.00 Options: Invoice MSRP BS1 Blind Spot Monitoring System $172.00 $200.00 1EP Rear Entertainment System WBose Audio PKG $2,202.00 $2,560.00 2PA Grand Touring Assistance Pkg $2150.00 $2500.00 RCK Roof Rails $$200.00 $250.00 RSE Remote Engine Start $280.00 $350.00 Mazda only requires the first payment at signing. I will also pay Sales Tax (6.25%), title and License at signing. I have top tier credit (over 700). Here is my offer: MSRP: $39850.00 Cap Cost: $34981 ($1500 below invoice) Miles/Year: 15K Residual Value: 54% Money Factor: .00088 (2.112%) Term: 36 months Depreciation Fee + Finance Fee = Lease Payment Depreciation Fee = [34981 - (.54)(39850)] / 36 = 373.94 Finance Fee = [34981 + (.54)(39850)]* .00088 = 49.72 Lease Payment = 373.94 + 49.72 = 423.66 Response from Dealer: MSRP: $39850.00 Cap Cost: $35846 Miles/Year: 12K Residual Value: 47% Money Factor: .00150 (3.6%) Term: 36 months I pay Tax, Title, License and First Payment at signing = approx $3000 Any thoughts? I thought the residual was a bit low, but every dealer in the Dallas Fort Worth Metroplex has it at 47%. Thanks for your replies! |
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| Local dealership in NE Ohio has basic model at $26,988. $988 due at signing - 10.5K/year 24 month lease. $268/month. Seems too good. Is it? | |
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Replying to: shark_shirt (May 20, 2008 1:03 pm)
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Hello - My lease deal today was as follows: Grand Touring All Wheel Drive Assist / NAV Package Moonroof / BOSE Package Towing Homelink / Compas Sticker Price / MSRP = $40,500 Negotiated Cap Price = $35,800 Residual = 62 Drive off (after taxes, incl 1st month) = $1500 Monthly after taxes = $466 I spent quite a bit of time going to many California dealers and this seemed to be the best deal I could after spending hours in negotations...
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Replying to: synergy408 (May 26, 2008 7:51 pm) Is your lease 12000? Is your lease 2 yr or 3 yr? We were offered: $40,590 MSRP no dispositoin fee, acquisition fee 595 MF .00032, 60% residual 15000 mile lease, 2 year lease driveoff first payment, acquisition fee, tax and license 800 cap reduction provided by Mazda finance'thus cap cost $37,869 minus 800 via Mazda equals net cap of 37,114 $551.34 + 45.49 = $596.83 monthly |
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| Yes, ours is a 12K per year lease for 2 years...we paid $1500 driveoff which included the 1st month payment. You should be able to get a $466 - 500 max after tax payment with a 62 residual. The dealer is in norcal, in Concord....Diablo Mazda. Our credit score was 810 which likely helped....good luck | |
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Replying to: britishboy (May 26, 2008 7:32 pm)
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Replying to: gator88 (May 29, 2008 1:07 pm) |
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