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Mazda Miata Lease Questions

kyfdx@Edmundskyfdx@Edmunds Posts: 25,969
Please ask your Mazda Miata leasing questions here.

Moderator - Prices Paid, Lease Questions, SUVs

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  • I am all new to Leasing. I was wondering if 999 down and 299 am onth + fees and taxes is a fair deal on an '06 mx-5 sport. Please help. What should i look closely at.
  • Welcome sourboy0811. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    As far as the specific deal that you mentioned goes, you never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion on this deal if you let me know what these numbers are.

    Car_man
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  • we are looking to lease a Miata Grand Touring.
    Dealer says the MF is .00295 for 39 mo./15K yr.
    Is he correct? Also, are they give rebates?
    thanks.
  • Hey honeybun1. Yes, the dealer that you spoke with told you the truth. Mazda Credit's current buy rate lease money factor for a 39 month lease of a 2006 Miata is .00295.

    Car_man
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  • asleepyasleepy Posts: 70
    Does anyone know the current Mazda Credi'ts buy rate lease money factor for a Miata? The residual? And lastly, what is the allowable dealer buy rate mark up?

    thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi asleepy. The lease program for this car varies depending upon how long you lease it for, how manu miles per year you are allowed to drive it, and the exact trim level that you get. For now, I am going to assume that you are interested in a 36 month, 15,000 mile per year lease of a Miata Sport. Let me know if you want something different. If you were to lease a 2006 Mazda Miata Sport through its captive finance company right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00197 and 56%, respectively. I don't know how much Mazda dealers are allowed to mark this factor up, but since you know what it should be you shouldn't let the dealer that you lease from mark yours up at all.

    Car_man
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  • topspin628topspin628 Posts: 373
    I am also shopping for a miata and was told that the residual on a 36 mo. lease is 52%.
    I was told that an invoice deal with the 500 dealer incentive given to me for a GT with Premium package 1, 10.5K miles per year and tax in payment (8.25) would cost me 391 per month. They said that they wouldn't waive the 300 advt fee, so I would have to pay that as part of price for car.
    (First and security due at pick up)

    Is that in line?
  • jnuzzijnuzzi Posts: 39
    Hey Car_man, could you tell me the buy rate lease money factor and residual value for a 2006 Miata Touring (Automatic) for 36 months and 12,000 miles per year?
  • fourustonefourustone Posts: 1
    I am shopping for a 2006 Miata GT (auto) with premium package, 36 month lease, 15,000 miles, 500 dealer incentive. Could you tell me what the lease money factor and residual value (%) is for this car? And is the residual value a percentage of the gross cost, gross cost+tax, cap cost, etc?
  • jnuzzijnuzzi Posts: 39
    Is there anybody out there?
  • epiechepiech Posts: 7
    Hello Car_Man; I would like to know the October money factor(s) and residuals for both the 2006 and 2007 Mazda MX-5 Miatas’(the dealers in Utah have a mixture of both). I am particularly interested in the numbers for 36 months and 12K miles.

    If possible, I would also like to know if the numbers for the new 2007 retractable hardtop are different from the 2007 soft top.

    Thank you Car_Man.
  • Hello epiech. Mazda's current buy rate lease money factor and residual value for a 36 month lease 2007 MX-5 with 12,000 miles per year are .00197 and 62%, respectively regardless of what sort of top it has. Plus, Mazda is currently providing $500 lease cash on this car. Make sure to take this cash into account when negotiating its capitalized cost. Mazda is no longer leasing the 2006 MX-5 through its captive finance company.

    Car_man
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  • audia8qaudia8q Posts: 3,138
    Mazda's current buy rate lease money factor and residual value for a 36 month lease 2007 MX-5 with 12,000 miles per year are .00197 and 62%, respectively regardless of what sort of top it has.

    not so fast....what model Miata is this? the 62% is only correct for the sport and GT @ 12k. Others have different residuals. Also, I have a rate factor of .00251 for all models tier 0-1. The hardtop uses mazda's standard rates.
  • Car_man: What is the current (Dec. 06) money rate and residual for an 07 Miata Grand Touring on a 36 and a 39 month 12k miles/year lease?

    Thanks
  • Thought of something else I wanted to ask. Is there any difference going with the PRHT? If so what are those numbers?

    Thanks again.
  • Greetings maddogmurphy. Mazda Credit's current buy rate lease money factor and residual value for a 39 month lease of the 2007 Mazda Miata Grand Touring with 12,000 miles per year are .00212 and 57%, respectively. I do not believe that Mazda is offering a 36 month lease on this car at this time. When negotiating your lease on it, make sure to take the $500 lease cash that Mazda is currently providing on it into account. It will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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  • Hi again maddogmurphy. I believe that the money factor for the PRHT version of this car is the same, but that its residual value is 1% lower.

    Car_man
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  • waydewayde Posts: 198
    do you have these for March (or April when it gets here)?
    thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I do have the April numbers, wayde, and I would be happy to share them with you. Mazda's lease program for the 2007 Miata varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease of this car with 15,000 miles per year. Let me know if you want something different. Mazda Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Miata with 15,000 miles per year are .00165 and 55%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • ec99ec99 Posts: 4
    Hi Car_man, could you supply the money factor and residual value for an '07 PRHT for 24 months and 12k miles per year?

    Thanks :D
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