Topic: First Drive: 2017 Mazda CX-5

[Niklasky]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

[Niklasky]

Nice ! Finance and lease rates are stupid though... I hope they change that soon.

Probably, goes down slowly with new models.  Finance rates are lower than the new CR-V though. 

Can't seem to find heated steering wheel on the CRV.  And you can't get the power lift gate till you get to the EX-L trim on the CRV.

The CR-V Touring trim has the heated steering wheel. Only in Canada though, US doesn't get it. Same for the panoramic sunroof, it's a Canada exclusive.

[Solstice2006]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

The finance rate is 1.75% for 36 months. 

[dirtyjeffer]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

while i'm not currently in the market myself, i'm in the same boat as you (i finance)...as attractive as 1.9/36 sounds, i personally would never use that...36 month payments on the Touring trim are just under $1300/month...that's a lot more than the $500/month we pay now...i don't pay cash for my cars, so attractive finance rates are good, especially longer term ones...we bought our Sorento with the 0/72 which saved us thousands of dollars in interest compared to a couple of other vehicles we looked at.

[dirtyjeffer]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

The finance rate is 1.75% for 36 months.

true, but the GT would be $1200/month...that's a pretty steep payment.

[Solstice2006]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

while i'm not currently in the market myself, i'm in the same boat as you (i finance)...as attractive as 1.9/36 sounds, i personally would never use that...36 month payments on the Touring trim are just under $1300/month...that's a lot more than the $500/month we pay now...i don't pay cash for my cars, so attractive finance rates are good, especially longer term ones...we bought our Sorento with the 0/72 which saved us thousands of dollars in interest compared to a couple of other vehicles we looked at.

That affects resale value.  Hyundai and Kia do this a lot, new model comes out, already incentives on it, and it's 0% interest. 

The CX-9 has been out for a few months now, 2% till 48 months.  Probably 1% off for loyalty customers. 

[Niklasky]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

The finance rate is 1.75% for 36 months.

Yes, I was actually looking at lease rates. High.

[Niklasky]

I won't pay cash so the finance/lease rates matter to me. And I don't remember seeing such high rates on any recent new vehicle release. The new CR-V for example started off with reasonable rates around 1.9% or so for 36 months.

I guess I'll have to wait a few months, end of the year probably before the rates go down to a reasonable level.

while i'm not currently in the market myself, i'm in the same boat as you (i finance)...as attractive as 1.9/36 sounds, i personally would never use that...36 month payments on the Touring trim are just under $1300/month...that's a lot more than the $500/month we pay now...i don't pay cash for my cars, so attractive finance rates are good, especially longer term ones...we bought our Sorento with the 0/72 which saved us thousands of dollars in interest compared to a couple of other vehicles we looked at.

Yeah I hear you. If I financed, I would make a significant down payment to keep the monthly payments around $500.

But I am looking at leasing the next one, so those lease rates are important to me, especially if I decide to buy out the vehicle in the end.

With something like $2k down, you can lease the CR-V or CX-5 top trims for around $500 taxes in.

[Cord]

But I am looking at leasing the next one, so those lease rates are important to me, especially if I decide to buy out the vehicle in the end.

Lease rates affect the monthly lease payments. They have no effect on the buyout at the end.

[Niklasky]

But I am looking at leasing the next one, so those lease rates are important to me, especially if I decide to buy out the vehicle in the end.

Lease rates affect the monthly lease payments. They have no effect on the buyout at the end.

Sure, but if I also need to finance the buyout, I'd rather not double dip on the interest.

[EV-Light]

No trailer hitch as an option? 

[quadzilla]

But I am looking at leasing the next one, so those lease rates are important to me, especially if I decide to buy out the vehicle in the end.

Lease rates affect the monthly lease payments. They have no effect on the buyout at the end.

Sure, but if I also need to finance the buyout, I'd rather not double dip on the interest.

If you need to finance a the lease buyout at the end, maybe you are buying too much car.

[Niklasky]

But I am looking at leasing the next one, so those lease rates are important to me, especially if I decide to buy out the vehicle in the end.

Lease rates affect the monthly lease payments. They have no effect on the buyout at the end.

Sure, but if I also need to finance the buyout, I'd rather not double dip on the interest.

If you need to finance a the lease buyout at the end, maybe you are buying too much car.

Most people who lease a car for around $500 monthly can't afford to pay cash for the buyout, which is why they get new leases every 3 or 4 years. Are they buying too much car ? Not necessarily.

[quadzilla]

But I am looking at leasing the next one, so those lease rates are important to me, especially if I decide to buy out the vehicle in the end.

Lease rates affect the monthly lease payments. They have no effect on the buyout at the end.

Sure, but if I also need to finance the buyout, I'd rather not double dip on the interest.

If you need to finance a the lease buyout at the end, maybe you are buying too much car.

Most people who lease a car for around $500 monthly can't afford to pay cash for the buyout, which is why they get new leases every 3 or 4 years. Are they buying too much car ? Not necessarily.

If somebody want a new car every 3 or 4 years and can afford it, good for them.

But if somebody is picking leasing to get a more expensive car than their budget allows, they should seriously look at a cheaper car. Cars don't stop working after 4 years.

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[dirtyjeffer]

That affects resale value.  Hyundai and Kia do this a lot, new model comes out, already incentives on it, and it's 0% interest. 

it all balances out anyway...you get less for it when you trade/sell it, but you paid less for it as well (in terms of carrying costs).

[SKYMTL]

No trailer hitch as an option? 

Seriously?  I didn't even notice that.  Ugh!

[Solstice2006]

No trailer hitch as an option? 

Seriously?  I didn't even notice that.  Ugh!

No accessories are available.  Obviously it's not full updated.  If you switch it to the 2016.5, go to accessories, two different hitches are available.

[sszoomzoom]

Saw one in flesh today. What a nice looking SUV. The only downside is that it was not red.

[EV-Light]

^^ that was quick. I have yet to see the CX-9!!


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[Solstice2006]

^^ that was quick. I have yet to see the CX-9!!


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I have seen 3! (not including the dealer!)