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2010-11 Mazda Lease Rates – October 2010

logo_mazdaMy Take: I personally think the CX-9 is a pretty good deal for a 7-passenger SUV. At the OC Auto Show, I spent some time looking over the entire vehicle and I liked it much better than it’s competitors (Traverse/Acadia/Explorer/Highlander). You should be able to get a low sale price on one of these, plus the money factor isn’t half bad. The residual could use some work, but then again, we are nearing the end of the year so you can’t expect too much. Per my calculations, you would be looking at a monthly payment of about $350-$400 with your inception fees due at signing for a AWD Touring model. I think the CX-7i is a complete wasted effort from Mazda. Why bother dropping such a weak engine on a crossover? Ridiculous.

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2011 Mazda3 i Touring Sedan
36-month | 15k miles | residual 63% | .00232 base money factor

2011 Mazda3 s Sport Sedan AT
36-month | 15k miles | residual 66% | .00232 base money factor

2010 CX-7 i Sport
36-month | 15k miles | residual 45% | .00091 base money factor

2010 CX-9 Grand Touring AWD
36-month | 15k miles | residual 45% | .00061 base money factor

2010 Mazda CX-9 Touring AWD
36-month | 15k miles | residual 47% | .00061 base money factor

Mazda Incentives from Edmunds.com

2010 Mazda CX-7, CX-9 Lease Rates – November 2009

logo_mazdaMy 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

09 Mazda CX-7 Lease Rates for December 2008

My Take: Mazda’s Top-of-the-Line CX-7 lease isn’t as great as the money factors would indicate. Back in May, I was offered a fully loaded CX-7 GT (FWD) which had a residual of 54%, but the money factor was lower at .00094 which wasn’t too shabby since all of the rebates helped cut down the upfront costs. Unfortunately, there aren’t any “rebates” to be had this month on the CX-7, so you pretty much have to rely on the dealer to dip way below invoice to make the deal worth your while. I still think $412+tax at invoice is a bit high considering you still have to pay for inception fees. Factor in the poor gas mileage this car gives and you probably want to think long and hard as to whether you REALLY want a CX-7 sitting on your driveway.

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  At Invoice At MSRP
Make/Model Invoice MSRP 24-month 36-month 24-month 36-month
09 Mazda CX-7 Grand Touring AWD $27,211 $29,050 $477 $412 $554 $466

NOTE: Estimates assuming the following conditions:

  • Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
  • Local Taxes not included.
  • 24-month/15k and 36-month/15k terms.
  • All cars are stock, without any options.

2009 Mazda CX-7 December Lease Rates

2009 Mazda CX-7 Grand Touring AWD
24-month | 15k miles | residual 56% | .00049 base money factor
36-month | 15k miles | residual 49% | .00126 base money factor
48-month | 15k miles | residual 40% | .00206 base money factor

2009 Mazda CX-7 Sport AWD
24-month | 15k miles | residual 55% | .00049 base money factor
36-month | 15k miles | residual 48% | .00126 base money factor
48-month | 15k miles | residual 39% | .00206 base money factor

2009 Mazda CX-7 Touring AWD
24-month | 15k miles | residual 54% | .00049 base money factor
36-month | 15k miles | residual 47% | .00126 base money factor
48-month | 15k miles | residual 38% | .00206 base money factor

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Mazda $500 Owner Loyalty Cash

You can use this rebate with leases as well, but it is limited to current Mazda owners. Click HERE for more details. This rebate only applies to the 08/09 Mazda CX-7, CX-9 or the new MAZDA6. You can probably get invoice pricing on these cars now (or below), so another $500 for current owners certainly sweetens the deal that much more.

In other news, we got a new Mazda3 in the horizon. Doesn’t look too bad now does it?

2010 Mazda3
Click Image To Enlarge. Image courtesy of leftlanenews.com

Septermber 2008 Lease Rate for 08 Mazda CX-7

My Take: The CX-7’s rates are looking very promising this month. Be sure to inquire about possible MAC rebates that may be available to you. Invoice price should be attainable on this 08 model as well. TMV states otherwise, but I don’t put too much stock on TMV most of the time.

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  • CX-7 Grand Touring FWD
  • MSRP $26,935
  • Invoice $25,238
  • Standard inception fees + tax not included
  • Residuals posted are for 15K miles/year.

2008 Mazda CX-7 Grand Touring FWD
24 Month – Residual 58% of MSRP – .00025 Base Rate
36 Month – Residual 48% of MSRP – .00107 Base Rate
48 Month – Residual 39% of MSRP – .00371 Base Rate

24mo Payment: $411 at invoice, $482 at MSRP
36mo Payment: $383 at invoice, $432 at MSRP

Calculate your own lease payments with my LEASE CALCULATOR (requires MS Excel)

Check out THE LIST to see how this car ranks among other models

2008 Mazda CX-7 Sport FWD
24 Month – Residual 58% of MSRP – .00025 Base Rate
36 Month – Residual 48% of MSRP – .00107 Base Rate
48 Month – Residual 39% of MSRP – .00371 Base Rate

2008 Mazda CX-7 Touring FWD
24 Month – Residual 58% of MSRP – .00025 Base Rate
36 Month – Residual 48% of MSRP – .00107 Base Rate
48 Month – Residual 39% of MSRP – .00371 Base Rate

2008 Mazda CX-7 Sport AWD
24 Month – Residual 58% of MSRP – .00025 Base Rate
36 Month – Residual 48% of MSRP – .00107 Base Rate
48 Month – Residual 39% of MSRP – .00371 Base Rate

2008 Mazda CX-7 Touring AWD
24 Month – Residual 58% of MSRP – .00025 Base Rate
36 Month – Residual 48% of MSRP – .00107 Base Rate
48 Month – Residual 39% of MSRP – .00371 Base Rate

2008 Mazda CX-7 Grand Touring AWD
24 Month – Residual 58% of MSRP – .00025 Base Rate
36 Month – Residual 48% of MSRP – .00107 Base Rate
48 Month – Residual 39% of MSRP – .00371 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

2007 & 2008 Lease Programs and Incentives from Mazda

While poking around the web to find what type of lease cash incentives Mazda is throwing around these days (I really trying to confirm the $700 rebate my dealer threw at me last week) I came upon this page. Word of caution, these leases are based on MSRP. So the drive-off seems rather high. However, if you are able to get the drive-off waived (should be able to get most, if not all of that waived), you are looking at a pretty darn good lease.

Here are a few of the lease incentives going on:

2008 CX-9 Sport FWD
$329/Month, 24-Month Lease, $3,424 due at Lease Signing after $1,300 MAC lease cash back.

2008 CX-7 Sport FWD
$229/Month, 24-Month Lease, $2,824 due at Lease Signing after $1,000 MAC lease cash back.

2008 MAZDA3 i Sport 4-Door AT
$179/Month, 24-Month Lease, $2,179 due at Lease Signing.

2008 MAZDA3 s Sport 5-Door AT
$249/Month, 24-Month Lease, $2,249 due at Lease Signing after $250 MAC lease cash back.

2008 MAZDA6 i Sports Sedan Sport Value Edition AT
$229/Month, 24-Month Lease, $2,229 due at Lease Signing after $1,500 MAC lease cash back.

The Amount due at Lease Signing is higher in the following states: Connecticut ($2,742); Massachusetts ($2,819); Rhode Island ($2,871); Virginia ($2,537); and West Virginia ($2,550).

2008 MX-5 Miata Sport MT
$219/Month, 24-Month Lease, $2,219 due at Lease Signing after $1,000 MAC lease cash back.

Click Here to See Finance Incentives for Purchases

And then there were three (maybe four)

I’ve been putting a lot of thought into the final 5 cars on my list and decided to scratch out the Acura TL. The car is a fairly common ride in SoCal. I like them like prime rib, medium-RARE, the TL is more like medium-well around these parts. Another reason is the rate hike, making the lease less attractive than it was back in March. So long, farewell, Auf wiedersehen Good Night!

Here are the remaining candidates in order of preference:

Infiniti G37 base – I’m working on perhaps getting this at $200 under invoice price…still waiting on some quotes. I’m shooting for around $1350 drive-off (1st payment, tags, bank fee, doc fee, etc…) and $414 a month. This car is stock though, so i don’t get all the fancy technology stuff the Journey offers. Its not to say that this comes poorly equipped, the standard list of features isn’t too bad actually. My main reason for lusting after this ride? the styling and the 330hp V-6 engine, which by the way, gets slightly better MPG than the Mazda CX7’s 4cyl Turbo.

Infiniti G35 Journey – Same as the G37 in terms of pricing. Working on $200 under invoice for ideal price. It should be around the same drive-off, but about $2 less per month (wooo-freaking-hoo), $412.

Mazda CX-7 GT – I like this car so far because its got potential to become a better deal. I know I can probably work it some more and get it under $400 a month with no more than $1000 drive-off. Plus this puppy is fully loaded, with the exception of RES (rear entertainment system), which is fine since I don’t have kids…yet. But everything else is there, including the poor gas mileage.

Afterthoughts

I’m keeping the Accord V6 coupe in the back burner right now…the money factor kills me, but I think if they are willing to sell for invoice it would really help offset the bad rate. This is more like the worst, worst, worst case scenario. It’s a long shot, but it’s still a shot since I really like the overall aspects of this car.

How do they drive you ask? No freaking clue, I haven’t even taken the time to go test drive them, but I am planning to go this coming weekend. It would be a good opportunity to get a feel for what I can get for my trade-in as well. I could probably wait another month to see if the rates improve too, but I’m getting rather antsy…which is not a good thing.

New Quotes Are In. The List Narrows.

First things first. I got quotes for the Mazda CX-7 GT and the Honda Accord V6 Coupe. Here is the quick breakdown:

CX-7 GT FWD

Term- 36mo/12k miles/yr
MSRP – $31,740
Cap Cost- $29,064 ($30 bucks over invoice, nice)
Residual- 54%
MF- 0.00094
Other- $750 rebate (altho I’m now told is $700, fiiiisshhhy)

Honda Accord V6 Coupe

Term- 36mo/12k miles/yr
MSRP- $28,945
Cap Cost- $26970 ($700 over invoice, I think they could do better, this ain’t no BMW after all)
Residual- 58%
MF- 0.00245 (5.88%, oh that hurts so bad)

You can see the drive-off and the monthly numbers on the “Recent Quotes” panel on the right hand side of this page.

My thoughts…I would have pulled off the deal for the Accord Coupe TODAY if the MF was lower (around 2-2.5%) and if they would get a bit closer to invoice (maybe no more than $200 over). But alas, you can’t have it all and I have no intention to negotiate at the moment. The thing is, even if I pushed for invoice on the Accord, I’d still be paying $399 after taxes. The Acura TL is still looking mighty fine right about now.

As far as narrowing the list, I’ve canned the Lexus IS250 because all local Lexus dealer sites don’t show inventory online, so I can’t get a “realistic” quote for a specific car they have on their lot. Plus, its sorta underpowered in my opinion.

My goal is to get the best ride for $400 a month after tax. Right now, pretty much all quotes I’ve gotten, except for the TL, are WAY over. I got some wiggle room though, I don’t need a 12k mile lease, I can do 10k since I live pretty close to work (12 mile round trip), I am willing to pay all fees upfront (1st month, tags, doc, bank fee, tires, etc…) as long as it doesn’t exceed $1200. So with a little help from the Money Factor and Residual faeries, I think I can pull this off.

Who’s In:
G37
G35
TL
Accord Cpe (still in, for now, I really dig the looks)
CX-7 GT (I might opt for the Touring or Sport to cut costs if necessary)
Who’s Out:
G8
IS250
Altima Cpe
Camry SE

The Infiniti EX35 looks sort of lease worth right now, so I might inquire about it.
Stay tuned!