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Mazda CX-9 Lease Questions

735 messages,  Last post on Dec 07, 2009 at 7:10 AM

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What is this discussion about? Mazda CX-9, Car Leasing, Car Buying, SUV

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#10 of 735 Re: mazda CX9 [flino4] by jrldrive Feb 20, 2007 (6:33 pm)
Replying to: flino4 (Feb 20, 2007 5:41 pm) flino4   Here is some help with getting the best lease deal. First, you need to negotiate the purchase price (typically some amount over invoice unless there are big manufacture incentives which could result in a purchase below invoice, once you have negotiated a purchase, then make certain that price is used as your "cap cost". Other information that is needed is what is the residual price (cost to buy at end of lease)and the money factor (multiple by 2400 to come up with an interest rate - crazy metric to confuse the consumer). There are lease calculators on the net to play with - check out leaseguide.com.   Basically, the deal that you were quoted appears to be at retail (MSRP) with no cap cost reduction and an interest rate around 4-5% depending on the residual. Go back and negotiate around $500 over invoice and your monthly will drop nicely.   Good luck
#11 of 735 Mazda CX9 by flino4 Feb 21, 2007 (1:46 pm)
Hey there... Can you help me decide if this is a good deal. The car list at 35,140 he offered it at 32,719 the lease deal is 3000 down with payment of 395.54 month for 27 months. the residual value is 67% or I could do 4000 down and 356.00 per month... I think this is a better deal than the other dealer gave me. I appreciate all of your knowledge. Maria Replies to this message: jrldrive (Feb 21, 2007 4:18 pm) Car_man (Mar 15, 2007 2:29 am) remmib (Apr 08, 2007 7:57 pm) steevo (Apr 09, 2007 5:43 am) and 1 more... Car_man (Apr 19, 2007 1:54 am)
#12 of 735 Re: Mazda CX9 [flino4] by jrldrive Feb 21, 2007 (4:18 pm)
Replying to: flino4 (Feb 21, 2007 1:46 pm) The down payment is a bit steep for a 27 mth lease, ok for a 39 month lease. Are you certain this doesn't include a security deposit and the first months payment? If not, take a look at one of the earlier posts where they go quoted $2,500 down on a 39 mth lease. Make certain you check the money factor rate as well (multiply by 2400 to see the interest rate).
#13 of 735 Mazda CX9 by flino4 Feb 21, 2007 (5:49 pm)
The 3000.00 is the down payment and also includes the first month. I dont get what you mean by the money factor. He said he gave me the best interest rate available.. He said 27 month payment is cheaper than 39 month because of the residual or something... Maria Replies to this message: jrldrive (Feb 23, 2007 5:03 pm)
#14 of 735 Re: Lease Question [thetedla] by vballny23 Feb 23, 2007 (11:33 am)
Replying to: thetedla (Feb 18, 2007 8:57 am) I am in the market for the same vehicle on LI. Can you let me know which dealership you worked with hat gave you the best price (which I assume is the one you went with)?   Thanks Replies to this message: naoumis1 (Feb 23, 2007 3:59 pm) thetedla (Feb 25, 2007 1:57 pm) mwiatrak (Apr 16, 2007 2:56 pm)
#15 of 735 Re: Lease Question [thetedla] by naoumis1 Feb 23, 2007 (3:57 pm)
Replying to: thetedla (Feb 18, 2007 8:57 am) Do you mind emailing me the name of the dealership? I'm in the market for cx-9 too and I live in queens..   thanks
#16 of 735 Re: Lease Question [vballny23] by naoumis1 Feb 23, 2007 (3:59 pm)
Replying to: vballny23 (Feb 23, 2007 11:33 am) vballny23 I've been looking all over queens and li for cx-9. do you mind sharing with me what you found out? thanks
#17 of 735 Re: Mazda CX9 [flino4] by jrldrive Feb 23, 2007 (5:03 pm)
Replying to: flino4 (Feb 21, 2007 5:49 pm) When you sign a lease, they only show what is called a "money factor", which is a confusing way to show an interest rate. Take the money factor and multiple by 2400 to show the interest rate. Sometimes you can get good lease rates from the manufacturer, but you never should pay a higher rate than a comparable rate as if you purchased the vehicle.
#18 of 735 Re: Lease Question [vballny23] by thetedla Feb 25, 2007 (1:57 pm)
Replying to: vballny23 (Feb 23, 2007 11:33 am) Country Mazda in Huntington. But I haven't received the vehicle yet... Replies to this message: mwiatrak (Apr 16, 2007 2:56 pm)
#19 of 735 mazda cx9 by flino4 Feb 25, 2007 (7:40 pm)
Ok deal is done I got the cx9 for 3000 down the money factor ended up being.00088 or 2.11 percent I get 400.00 back and the first month paid, 27 momths at 393.00 not to bad. I got the touring cx9 ...

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