redline122
Member
My dealer left me a voicemail and told me that my lease contract paperwork through Mazda didn't complete - a paperwork snafu and Mazda Acceptance Corp could not accept the application. So now, I have a new CX9 with no lease in place. Here is what I was supposed to have:
Setting the Price:
2008 CX-9, Black Cherry Mica/Sand Leather
GT Assistance Package
Moonroof/Bose/6 CD Package
Blind Spot Monitoring
Compass/Homelink Mirror
Tow Package
Wheel Locks
MSRP: $39,300
Negotiated: $36,100
Additional Items:
20" Chrome Wheels: $550
Lojack: $400
Teflon Exterior/Scotchgard Interior aka "Touch of Class" (cheesy name, I know): $300
Cargo Mat: $0
Cargo Net: $0
Additional Items Total: $1250
Acquisition Fee: $595
Lease Data:
MSRP: 39300
Cap Cost: 37945 = 36100+1250(additional items)+595(acquisition fee)
Cap Cost Reduction: 750 (lease credit rebate)
Residual Factor: 50%
Term: 36 months for 15K miles/year
Money Factor: 0.00218 <<--this is where I think I may have been duped... (Tier 2 credit, Exp: 574, I also had my TU pulled and came back with a 710)
Base: 611.28
Tax: 47.37 (California Sales Tax of 7.75%)
Monthly Payment: 658.65
Is it possible to place any other lease (with hopefully better terms ie. more favorable residual value or lower money factor) in this position to beat the deal I was getting from Mazda Acceptance Corp with another lease contract. I understand I may have to forego the CCR of $750. Any thoughts? The vehicle was "delivered" to me on 12/28.
Setting the Price:
2008 CX-9, Black Cherry Mica/Sand Leather
GT Assistance Package
Moonroof/Bose/6 CD Package
Blind Spot Monitoring
Compass/Homelink Mirror
Tow Package
Wheel Locks
MSRP: $39,300
Negotiated: $36,100
Additional Items:
20" Chrome Wheels: $550
Lojack: $400
Teflon Exterior/Scotchgard Interior aka "Touch of Class" (cheesy name, I know): $300
Cargo Mat: $0
Cargo Net: $0
Additional Items Total: $1250
Acquisition Fee: $595
Lease Data:
MSRP: 39300
Cap Cost: 37945 = 36100+1250(additional items)+595(acquisition fee)
Cap Cost Reduction: 750 (lease credit rebate)
Residual Factor: 50%
Term: 36 months for 15K miles/year
Money Factor: 0.00218 <<--this is where I think I may have been duped... (Tier 2 credit, Exp: 574, I also had my TU pulled and came back with a 710)
Base: 611.28
Tax: 47.37 (California Sales Tax of 7.75%)
Monthly Payment: 658.65
Is it possible to place any other lease (with hopefully better terms ie. more favorable residual value or lower money factor) in this position to beat the deal I was getting from Mazda Acceptance Corp with another lease contract. I understand I may have to forego the CCR of $750. Any thoughts? The vehicle was "delivered" to me on 12/28.