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Prices Paid: Buying & Leasing Experiences Mazda CX-9 Lease Questions
728 messages, Last post on Dec 01, 2009 at 2:12 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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CarMan, Mazda has a lease deal posted on their website $399 month for 2010 CX-9 Sport FWD. 0 down 0 security, 0 first month payment $595 acquisition fee. Are they waiving the first payment or rolling it into the overall deal? I'm interested in the 2010 CX-9 Sport AWD in the NJ area. What is the money factor and residual on this vehicle for the 36 month/36,000 mi. & the 42 month 42000 mi. lease terms? Thanks.
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I was offered the following deal on a 2010 Touring FWD MSRP $31,305: 42 month, 12k miles / year MF: 0.00075 Residual: 47% After a few rounds we were quoted a payment of $429/month which includes Texas sales tax of 6.25 % on the entire price of the vehicle. We were negotiating the terms but had to leave before getting the final adj cap cost. We did drive the vehicle home but plan to go back and do the paperwork on Monday. Any thoughts?
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Replying to: texascuv (Nov 14, 2009 1:49 pm)
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Replying to: jayrider (Nov 14, 2009 2:11 pm) I went to see a sales rep, referred by a friend. We agreed on a price but no deposits just verbal because the car has to be found at another dealer. Just wanted to run it by you guys since it will be easy to tell them no. The offer is: 2010 cx9 touring model with bose/leather/moonroof package - $441/month, $2000 down, which is to go towards taxes/bank fee/tags&title and 1st month payment. 39/mo - 12000 per. I live in NY/NJ area. Does this sound reasonable to those who have bought or are in process of buying? Also, I see the interest rates are fairly low for the cx-9 right now, has anyone felt that a buy makes more sense economically with the numbers we have been seeing? Thanks in advance for your help!!
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Replying to: mtnj (Nov 15, 2009 6:57 am) just a couple of thoughts from a non-expert here based on my current investigation of leasing a 2010 CX9. 1) lease rates are awesome right now - money factor i was quoted was .00060, which translates to a 1.44% interest rate for a 36 month lease with 12k miles 2) i'm surprised at the large down payment?? at least where i live (WA state), with the current Mazda drive off event, there should be no down, no first months payment, etc. I was told that drive off costs would be tax on the first months payment, doc fee (which is negotiable in my state), and license fees - so only a few hundred bucks to drive the car off the lot. $2,000 seems like a lot, unless they're doing some sort of cap reduction or something. 3) you should probably find out from the sales guy the following for the experts on the board to tell you if you got a good deal: MSRP: Selling Price: Money Factor: Residual %: Just my two cents... Don
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Replying to: dvakaduke (Nov 15, 2009 7:53 am)
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Replying to: jayrider (Nov 15, 2009 8:17 am)
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Replying to: jayrider (Nov 14, 2009 2:11 pm) Can you please tell me how you end up with $406? My $429 payment includes Texas 6.25% sales tax. In Texas we pay sales tax on the entire purchase price ( base cap cost) not just on payments. I don't own Mazda.
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Replying to: mtnj (Nov 15, 2009 9:04 am) |
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Replying to: texascuv (Nov 15, 2009 10:50 am) 28605 - 14713 = 13892/42 = 331 28605 + 1473 = 30078 X .00075 = 23 tax 1787 / 42 = 42 Add them up and I come up with $396 Check my math -- if i do it again it might get cheaper.  Mazda says they make your first payment. I can here them squeal murder already.
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