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Mazda Miata Lease Questions

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  • krwest1krwest1 Posts: 66
    Thanks for the reply, Car_man. I don't think the $5000 can be combined with the low financing through Mazda. I found 3.99% for 60 months and 4.75% for 72 months from PenFed. They also have a program called a Payment Saver Loan. It's basically a balloon loan, but the rate is 4.24%, which I think is pretty good for this type of loan. The only drawback that I see about this is that I can't return the car at the end like I can with a lease. Are you familiar with this loan from PenFed?

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    No problem krwest1. What you are describing is called a balloon note. Balloon notes are very similar to leases. Unfortunately, I am not familiar with PenFed.

    Car_man
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  • ck90211ck90211 Posts: 129
    Car_man, any ideas on what the August or Sept. 2009 Residual and MF is for any Miatas (09)? Which months of the year do they usually have best incentives (buy or lease)? Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi ck90211. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Mazda Miata Sport with an automatic transmission and 15,000 miles per year are .00059 and 45%, respectively. I had to make some assumptions about the term, mileage allowance, and trim level that you're interested in. Let me know if you want something different.

    When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.

    Unlike some manufacturers that have annual sales events, i.e. the Lexus "December to Remember," I don't believe that there is a single best time of the year to lease a Mazda...at least not one that I am aware of.

    Car_man
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  • Hi Car Man, what is the res value and MF for 2009 mazda miata with only 12k miles per yr? thx much!
  • Hello manageout. Mazda's current buy rate lease money factor and residual value for a 2009 Miata Sport with 12,000 miles per year are .00059 and 47%, respectively.

    When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that is currently available on leases of it.

    Car_man
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  • How does the leasing company calculate buy out price? I know residual value is involve. Is there some sort of formula involve? Also say if there is cashback incentive for financing, can you take that into consideration when leasing a car?
  • What's the difference between cashback and lease cash? Can they both be combine?
  • Hi acehawk. Vehicles' end-of-term purchase option prices are based upon their residual values. Your leased vehicle's residual value is calculated at lease signing and it is used to determine the depreciation portion of your monthly payment. It is based upon a percentage of your car's full MSRP including destination plus the MSRPs of any options that are allowed to be residualized.

    The cash incentives that are available on financed vehicles are not necessarily available on leased vehicles.

    Car_man
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  • Hey acehawk. Let's take a look at the incentives that are currently available on the 2009 Miata. Mazda is providing $2,000 dealer cash on this car in October. However, this cash is not compatible with its special lease program. The cash allowance that is available on leases drops to $1,000.

    Car_man
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  • Grand Touring PFHT, Automatic, Premium Package (MSRP $31,750)

    I need to know the MF and Residual for 10k, 12k, and 15k miles.

    Thanks,
    -Neil
  • Here's the information that you're looking for, Neil. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Miata PRHT Touring with an automatic transmission and 15,000 miles per year are .00086 and 48%, respectively.

    This car's 12,000 mile per year residual value would be 2% higher and its 10,000 mile per year resid would be 3% higher.

    Car_man
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  • CAR MAN:

    Please help.
    I can't find ANY information on residuals and Money Factors for an MX5 Miata
    Looking to lease a Grand Touring soft top or hard top for 36 months with 15K.

    I know Mazda uses Chase as their "captive" now, so ANY information would help

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi benzserviceguy. Here's the information that you're looking for. Chase's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda Miata Grand Touring with 15,000 miles per year are .00143 and 48%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • chittuschittus Posts: 8
    Hello

    I am looking to lease a Miata for 3 years 12K mIles a year. Can you please give me the residual and money factor please?

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hello chittus. Here you go. Mazda's current lease money factor and residual value for a 36 month lease of a Miata Sport with 12,000 miles per year are .00158 and 52%, respectively.

    The Miata's residual values vary by trim level. You never mentioned exactly which one you want so I guessed that it is the Sport. Let me know if you want something different.

    Car_man
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  • Hi Car_man

    I am looking to lease a Miata for 3 years 10K mIles a year. What is the residual and money factor please?

    Thanks
  • Hi durian. Mazda's February buy rate lease money factor and residual value for a 36 month lease of a 2011 Miata Sport with 10,000 miles per year are .00139 and 55%, respectively.

    Car_man
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  • fkongfkong Posts: 11
    Hello all. I am seriously considering leasing a Miata. Grand Touring with Power Retractable Hard Top, auto, Premium package and Appearance package. On Mazda's website, the car is $33,240. Carsdirect.com's price is $31k. I am looking at either a 36-month or 48-month lease, with 15k miles/annually. Would something like approximately $1k to $1,500 down, $300 some odd (preferably $300 even) be some realistic numbers? Or should I add some more into it? Thanks! :D
  • sfan10sfan10 Posts: 2
    Hi, looking at a Mazda PRHT Automatic - Grand Touring with premium package. What MF and residual can I expect for the 2011 v 2012 with excellent credit? Wondering how much they vary. I expect to be under 12K miles per year and looking for 3 year term. Also, what price is the residual based on -sticker or invoice?
    Thanks
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