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Mazda CX-9, Car Leasing, Car Buying, SUV
#852 of 1137 NJ Quote
Aug 23, 2010 (3:24 pm)
I am looking at a lease of the CX-9 Touring. We are coming off a 2007 model Touring. At that time I put $1500 down paying $465/mo. I suspect with improved residuals I can do better. In addition, Mazda provides a loyalty discount of $500.
To my surprise the lease is more. Although I have not yet really started questioning (residual, money factor, etc) the options presented were -
$0 down - $524/mon
$1k down - $492/mo
$1,500 down - $477/mo ($12 more than my current lease for the same down).
$2K down and $469/mo
Perhaps, I should wait until end of Sept. I am paid up for the month since this payment came out of my down payment 3 years ago. So no payment really. Which is another thing this dealer didn't seem to factor into the quote. I technically have not made a payment since the end of July.
Also, are 2011 expected soon? I imagine that would further improve the lease I could get on a '10 model. That's what I did with my current Touring. Got an '07 when '08's were rolling out.
#853 of 1137 Re: NJ Quote [dagot]
Aug 23, 2010 (3:27 pm)
Also, are 2011 expected soon? I imagine that would further improve the lease I could get on a '10 model.
The 2011's are not due here until October / November. I don't expect the lease to get any better on the 2010's since they are depreciating, unless there is a big lease rebate available. Only time will tell. Since you have time, I would wait.
#854 of 1137 My CX-9 Touring Lease Deal
Sep 05, 2010 (9:25 pm)
OK Here is the deal I got today from Cerritos Mazda in Southern California.
36 Months, 30,000 Miles. Tax Rate:8.75%
$1000 Mazda (available to everyone)
$500 Loyalty (available to current mazda owners)
I gave them $800 out of pocket plus the $1500 in rebates. This of course includes all fees, dmv and first payment.
My payment is $350.67 + $30.68 tax = $381.35 for 35 months.
Purchase option for $15108 + $150 fee at the end of 36 months.
My lease agreement reads as follows:
Gross cap cost: $27432.00
Cap Reduction: $1346.17
Adj. cap cost: $26085.83
Residual value: $15108
Rent Charge: $1646.29
Total base of payments $12624.12
Number of payments:36
base monthly payment $350.86
monthly sales tax: $30.68
total monthly payment: $381.35
I got the deal from cars.overstock.com where the dealer came in at $3500 below invoice. I went to the dealer test drove the car and we worked the numbers both for purchase and lease. Leasing made more sense to me, but I could have bought the car for $800 down and $464 per month with the zero apr offer. I chose the lower monthly payment and the $15108 payoff option because it gives me more flexibility.
One final thing: I can't say enough good things about my experience with the dealership and salespeople at Cerritos Mazda. The experience has been the best we have had at any dealership, and this is the 20th car deal for us. We were in and out in less than 90 minutes. Nader, Alaa, and the finance guy were super fast, and I highly recommend them.
PS: I want to thank this board and all the contributors here. I learned about overstock cars website on these boards and have been lurking for a couple of months as my lease was ending. It was really tough for me to find a good deal, because I was paying $269 + Tax for a 2008 CX-9 touring that had a $ 32,575 mSRP on a 24 months lease. Back than I got $7000 off MSRP and no acq. fee worked into the deal. They were giving the cars away on labor day weekend two years ago. Anyhow, again thank you all.
#855 of 1137 Re: My CX-9 Touring Lease Deal [my_suv_deals]
Sep 06, 2010 (7:06 am)
I don't think you mentioned if you added any xtra's to your package. Thanks for the help. I have been trying to determine what the September promotions are. My lease is up on the 30th and they have to wow me to start payments on a lease any earlier than I have to.
#856 of 1137 Re: My CX-9 Touring Lease Deal [dagot]
Sep 06, 2010 (8:21 am)
Today I got an offer on a CX-9 AWD Touring, Bose/Moon package in NJ
MSRP - $35,977
Sale Price - $31,200
Residual - 57% or $20,506.89
$0 down $493/mo for 36 months and $10K miles option of $457/mo with $1563 down.
Any thoughts? Need more info?
Sep 06, 2010 (10:50 am)
No I didn't add any options. All I wanted was the CX-9 Touring basic. However, if I wanted any options then it would be discounted by 20%. My deal from overstock was $3500 below invoice and options are priced at 80% of msrp on the invoice.
By the way, the 57% residual seems extremely high for a 36 month lease. Make sure you double check that.
#858 of 1137 Re: June Lease questions [jl49]
Sep 08, 2010 (2:17 am)
Hi jl49. The dealer invoice price of the CX-9 that you're interested in is $30,508. The dealer is only charging you $400 over that and then subtracting the $1,000 cash incentive that is available on leases of this model. This looks like a very good deal to me.
Just make sure that the dealer uses Mazda's September buy rate lease money factor of .00061 to calculate your payment and you're in business.
Prices Paid: Buying & Leasing Experiences Forum
#859 of 1137 2010 cx-9 GT AWD bose/moonroof/nav
Sep 15, 2010 (6:43 am)
Car man can you tell me if this is a good lease deal or not? 2010 CX9 GT AWD NAV/bose moonroof package. NET selling price of 35k, residual of 47%, money factor as you stated before of .00061 15k miles per year for $463.00 a month. They want $1000 down plus all the normal fees ie:1st payment, bank-fee, taxes, and dmv.
thanks for your help
#860 of 1137 Re: 2010 cx-9 GT AWD bose/moonroof/nav [joeyd5oh]
Sep 15, 2010 (11:45 am)
Could you tell me which dealer you went to?
That's in fact great deal.
#861 of 1137 Re: 2010 cx-9 GT AWD bose/moonroof/nav [2010mazda6]
Sep 15, 2010 (8:43 pm)
Wantagh Mazda Long Island New York