My Take: Wow, the residual values are SO ugly on the CX-7, its really a good thing the MF are low. The CX-9 is a bit better, but not by too much. Overall, I think this is one of those “Lease to Buy” candidates since the MF hovers around 1% APR. The best you can do financing a purchase is 0% for 36 months, which most people can’t afford to do. For the longer 60 month term, the interest rate jumps to 2.9%.
Mazda is also offering loyalty cash, here are the details:
$1,000 Owner Loyalty Cash toward 2009 MAZDA6 or CX-9
$500 Owner Loyalty Cash toward 2010 MAZDA3, MAZDA6, or CX-9
More fine print…
Mazda Owner Loyalty Cash Program $1,000 is good toward a new 2009 MAZDA6 or 2009 CX-9. Mazda Owner Loyalty Cash Program $500 is good toward a new 2010 MAZDA3, 2010 MAZDA6 or 2010 CX-9. Excludes MAZDASPEED3. The Mazda Owner Loyalty Cash Program CANNOT be combined with other private offers but CAN be combined with other public purchase incentives including but not limited to customer cash back, lease and APR incentives/offers. The offer is transferable within household, must live at the same address. Present dealer with proof of ownership (copy of vehicle registration or title) at time of purchase. Offer expires January 04, 2010.
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2010 Mazda CX-7
2010 Mazda CX-7 Touring
24-month | 15k miles | residual 55% | .00045 base money factor
36-month | 15k miles | residual 47% | .00042 base money factor
39-month | 15k miles | residual 45% | .00070 base money factor
2010 Mazda CX-7 GT
24-month | 15k miles | residual 52% | .00045 base money factor
36-month | 15k miles | residual 44% | .00042 base money factor
39-month | 15k miles | residual 42% | .00070 base money factor
2010 Mazda CX-9
2010 Mazda CX-9 Sport AWD
36-month | 15k miles | residual 53% | .00060 base money factor
39-month | 15k miles | residual 51% | .00073 base money factor
2010 Mazda CX-9 GT AWD
36-month | 15k miles | residual 50% | .00060 base money factor
39-month | 15k miles | residual 48% | .00073 base money factor
My Take: A bit low on the IS numbers this month, but this should give you an idea of what Lexus’ “December to Remember” promo looks like. Not exactly memorable, but then again, they could be providing some rebates that I am not fully aware of. I say this because I’m not seeing anything official on Edmunds other than the 2.9% financing for 60 months. Expect lease rates to carry over through early January. This is probably going to be the case for most automakers.
My Take: Overall, the lease rates look decent on the 2010 EX. 2009 EX residuals are a bit low, but so are the money factors; which is a good thing. I gather that you can probably get more of a discount on the 2009, but besure to crunch the numbers to really see which is the better deal. I would have the dealer work both the 2010 and 2009 price quotes to see how things shape up. As for the FX, I’m hearing $2000 rebate right now, so be sure to factor in the rebate into your negotiations. Numbers look a bit weak, but if you can get the 2009, the MF is pretty low so it might be worth look into.
My Take: I personally would never lease one of these due to such a high money factor. If they were to ever bring it down by .00100 to .00200 points, I would definitely save up and consider it. But until then, I don’t think MSDs would even help bring down the interest on this ride. One can only dream, right?
My Take: None of these rides are cars that I normally shop for, so I don’t have too much to say about them. The lease rates look decent on the 6 series due to its high residual value, so it is safe to look into leasing one of those this month. As you know, there’s some customer cash of about $2500 you can use on the 6-series, so be sure to apply that to your sale price. MSDs should also be used to bring down the MF further (if you have the extra cash). In case you don’t know what MSDs are, they are basically security deposits you pay in order to bring down the money factor. They are full refundable at lease-end or in the event of a total-loss accident or theft.