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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
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Replying to: bajaspeed (Dec 01, 2008 6:09 pm) Mazda is currently providing a $1,250 cash incentive on leases of the '09 CX-9. There is an additional grand for loyal customers. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Does anyone know money factors and residuals for 2008 (not '09) leases - 36 month/15k? Thanks much.
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Car_man, do you know the residual being used for a 10K per year 36 month lease on a Touring CX-9?
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South Florida 2008 CX-9 Grand Touring GT assist Moonroof ++ ------------------------------ Cash Purchase 39,280 MSRP 31,680 asking price 33,800 OTD ------------------------------ Lease 36 mo 15k / yr $0 due at signing 34,200 Gross Cap Cost 42% resid .00023 factor $534 total payment (with tax) ------------------------------- He says the incentive is not as good for a lease and that is why the cap cost is so much more than the cash price. Is this bulls*^t? |
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Replying to: ncvfc17 (Dec 15, 2008 8:07 am)
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Replying to: ncvfc17 (Dec 15, 2008 7:28 pm)
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Replying to: thedude10 (Dec 15, 2008 7:40 pm)
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Replying to: jupsa (Dec 16, 2008 7:49 am) Just left the dealer. Offer on CX-9, 2009, GT w/ MRoof and Bose. Sticker: $36,635 Price offered: $34,150 3/36k lease: $574 money factor: .00093 Residual: 46 does not look like a good deal. invoice should be around $33,804. $3,000 dealer money should come off of that, then the $2,250 lease money. so more like sales price of $31,150 and cap cost reduction of $2,250. Do my numbers look right? |
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Here was the deal: 2009 GT AWD (Base GT Model...Only had Roof Rails and BS Monitoring) MSRP: 36,050 Price w. Discounts: 33,000 Lease deal: 3yr/45k miles: $465/mo (includes 7% tax) Due at signing: $1,671 (1st mo pmy, Registration, etc...) I thought this was a great deal considering they rolled the remaining 4 payments of my 2007 CX-7 into this lease. If anyone is interested, deal was done at Flemington Mazda in NJ. All together was a great experience.
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jupsa, your deal looks about right to me. I believe my dealer told me a 43% residual on 2008 GT with 15K miles/year, but I may be wrong. It does seem that if Mazda's incentive is $4250 on purchases, and $2250 on leases, the the lease cap cost should be $2K more than the purchase price (unless some other specific charge is being rolled in). In your case it looked like the lease cap cost was higher than it should be. I have just committed to an AWD GT 2008 with MSRP of $38,305. Purchase price offered is $29,975. 36 month lease  15K/year with first payment (so total of 35 payments), taxes, title, tags and gap insurance all rolled in is $499.75/month (35 total payments). As I posted earlier, the lease (followed by purchase at lease end paid over 24 months) works out to be very close in total cost to purchase with finance at ~4% over 5 years. The lease of course has the additional advantage of the benefit from the time-value of money with lower payments early on, and the inherent flexibility of a lease in case you hate the vehicle at 3 years. cptenca, I don't know what incentives are available on the 2009's, but I think you're looking for more money than is there. The 2008's have the discounts/incentives for purchase and lease as stated by jupsa above. Money beyond that is dealer holdback (~$665), and additional dealer money. This money (~$5k total) is generally what people are getting off invoice (~$8K off MSRP) for purchases |
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