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Mazda CX-9 Lease Questions

691 messages,  Last post on Nov 07, 2009 at 6:34 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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#528 of 691
Good Deal or Not by backinblack1
Sep 23, 2008 (4:46 pm)
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Can someone please tell me if this is a good deal for New Jersey
 
2008 Mazda CX9 AWD Black on Black with Blind Spot Alert
 
MSRP $35,505
 
Dealer Price 30,343
 
24 Month Lease
 
2,000 down
 
$411 per month 12,000 miles per year
 
Thanks in advance for your help.
#529 of 691
Deal or no deal? by youssefmo
Sep 28, 2008 (10:28 pm)
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Got an offer on the table for a CX-9 GT FWD Platinum with the Connect pkg, Rear Seat Entertainment/DVD, Blind Spot Alert.
 
MSRP $39,310
Purchase Price: $29,100 (not including tax and license)
60 mo at 4.5% ==> $590 (including tax and license)
 
Lease Cap Cost: $30,990
24mo; Residual 56% (15K); MF 0.00044
No money down or out of pocket...$0
Payment $474 (includes 7.75% CA tax)
 
How does this sound? Leaning towards the 24 mo lease, as I'm not sure I wouldn't want another vehicle in a couple of years! Thoughts?
#530 of 691
Re: Mazda CX9 GT AWD Lease Quote [jagman4] by Car_man HOST
Sep 29, 2008 (10:33 am)
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Replying to: jagman4 (Sep 11, 2008 7:02 pm)

You're welcome, jagman4. Thanks for the additional information. If I understand what you are saying, the selling price that you were quoted is only $500 under invoice. That is really equivalent to $2,000 over invoice once the cash incentives that you are eligible for on this lease are taken into account. If I was in the market for this car, I personally would shoot for a selling price of $500 over invoice...after the incentives. That would be around $2,000 less than the price that you were quoted.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#531 of 691
Re: new CX9 Lease [miket1000] by Car_man HOST
Sep 29, 2008 (10:37 am)
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Replying to: miket1000 (Sep 22, 2008 12:33 pm)

Hi miket1000. The $2,075 cash incentive is available on leases of all trim levels of the 2008 CX-9 through Mazda's captive finance company.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#532 of 691
Re: Good Deal or Not [backinblack1] by Car_man HOST
Sep 29, 2008 (10:47 am)
Reply

Replying to: backinblack1 (Sep 23, 2008 4:46 pm)

Hi backinblack1. I'm not sure if you are interested in the Sport, Touring, or Grand Touring version of this truck, but for now I will assume that there is probably a spread of around $2,500 between the MSRP and dealer invoice price of the truck that you are interested in. Add to this the $2,075 cash incentive that is available on leases of the '08 CX-9 through Mazda's captive finance company and you have a total of around $4,575 to play with.in your negotiations. So the dealer discount of more than $5,000 that you were quoted looks very attractive to me.
 
Just make sure that the dealer that you are working with uses Mazda's current 24 month buy rate lease money factor of .00044 to calculate your monthly payment and you are in business.
 
One other thing, I see that you are considering making a $2,000 down payment on your lease. I personally always advise consumers not to make down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled. Even though it means that your monthly payment will be a little higher, you will be much safer if you go with a zero down lease.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#533 of 691
Re: Deal or no deal? [youssefmo] by Car_man HOST
Sep 29, 2008 (11:01 am)
Reply

Replying to: youssefmo (Sep 28, 2008 10:28 pm)

Hi youssefmo. The selling price that you were quoted on this truck is amazingly low. I'm not sure how the dealer was even able to offer you a price like this, given the fact that there is probably only a $3,200 spread between this truck's MSRP and dealer invoice price and an additional $2,075 lease cash (a little over $5,000 total) to play with here. Not only that, but the dealer that you are working with is using Mazda's buy rate lease money factor, the best possible, to calculate your lease. This looks like a great deal. If you like the truck, go for it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#534 of 691
CX-9 Sport AWD by jl27
Sep 30, 2008 (4:21 pm)
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We just picked up our new 2008 CX-9 Sport AWD with power seat as the only option
 
MSRP $31700
Cap Cost $26941 that included the $2075 incentive
Due at signing was the tax on the incentive (NYS law), DMV fees, and first months payments. Total of $983
 
36 month 12k per year Taxes in the payment - $399 a month
 
Carman - How did I do?
 
Thanks for all your help - You have save me money everytime I lease...
#535 of 691
Re: Good Deal or Not [Car_man] by backinblack1
Oct 04, 2008 (11:01 am)
Reply

Replying to: Car_man (Sep 29, 2008 10:47 am)

Car_man, thanks so much for your insight and comments. I decided to wait a little bit before diving into the lease. I will once again be asking you for your insight and opinion when I am ready to do the deal.
#536 of 691
Re: Deal or no deal? [youssefmo] by asteinberg
Oct 04, 2008 (4:44 pm)
Reply

Replying to: youssefmo (Sep 28, 2008 10:28 pm)

What dealership in California?
Considering a 15000 mile 2 year lease, no cap reduction --
if there is a significant discount from invoice, and low MF to compensate for bad residual.
#537 of 691
October lease rates? by franz
Oct 04, 2008 (4:51 pm)
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Car_Man,
 
I'm looking at leasing a 2008 GT CX-9 for 24 months. I know here in Portland, OR the delaerships have been discounting cash purchase of 2008 CX-9s by more than $10,000 off MSRP. Do you know if I can expect to get the cap cost on a lease down that low? Also, what are the money factors and residuals for October?
 
Thanks.

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