Mazda Miata Lease Questions
Please ask your Mazda Miata leasing questions here.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
0
Comments
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
Host
Smart Shopper / Prices Paid Forums
Dealer says the MF is .00295 for 39 mo./15K yr.
Is he correct? Also, are they give rebates?
thanks.
Car_man
Host
Smart Shopper / Prices Paid Forums
thanks.
Car_man
Host
Smart Shopper / Prices Paid Forums
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?
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.
Car_man
Host
Prices Paid Forum
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.
Thanks
Thanks again.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
thanks.
Car_man
Host
Prices Paid Forum
Thanks
Car_man
Host
Prices Paid Forum
Mx-5 touring for 24 through 36 months 12k
&
Mazda speed 3 sport model for 24 through 36 months 12k
I did see Mazda had some specials on mx-5 sport model
in my area (17055 zip) but none of the local dealers
have any sport models to sell, just a few touring models
left.
any help would be great - Thanks
I was wondering if someone might be able to give me some details on the MX-5 Miata lease deals available.
I am interested in a manual transmission with the soft top. The trim level depends on the answers to my questions.
Some of my specific questions are:
1. What are money factor and residual % numbers. Are they the same for Sport, Touring, and Grand Touring? I noticed Edmunds has all three trims listed while Mazda's website only lists the Sport.
2. What is the assumed purchase price? I have access to Ford's X-Plan (I think it's called S-Plan for Mazda). Would this further lower the payments?
3. Do I have to put a down payment down on this lease? I am interested in doing this with 0 down and accept the higher payments.
Thank you very much for your help!
Paul
Car_man
Host
Prices Paid Forum
The fact that you qualify for Ford's X-Plan assures that you will be given an attractive selling price for this car. Chances are that your lease payment for an X-Plan deal will be lower than what you would have been able to negotiate if you had just walked in off of the street.
Consumers can and should lease any vehicle that they want without making any sort of capitalized cost reduction. All you will have to pay at lease signing are your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $25 increment, Mazda Credit's acquisition fee (I believe that this is $475), and any required state taxes or fees.
Car_man
Host
Prices Paid Forum
dilger
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
36 Month Lease, 12,000 miles a year.
$1,800 down payment which included taxes and all security deposits etc.and he waived the first month payment.
Then each month for the next 35 months I would have to pay $314.51 dollars.
I have a 2004 Crossfire lease from this same dealership (Chrysler/Mazda) and I only have 14,800 miles on the '04. The lease is due June, 2007 and they said they would eat the last 3 payments.
Is this a good deal?
Thanks for everyones assistance.
Red
I will be buying or leasing in about a week.
It is a 3rd car, other is a suv and 4 door (wife & 2 teen drivers)
I was offered this (did not negotiate yet)
Grand Touring with Leather, soft top and limited slip package = $25,900
Lease for 24 months at $295 with 2000 + tax down, 10,500 miles
Lease for 36 months at $369 with 0 down, 10,500 miles
Any recommendations on model choices?
How do you like your car?
Is the door cupholder annoying?
THANKS FOR YOUR ADVICE
Perhaps you can seem my thread from a few days ago. I just closed a 35 month lease on a special edition. 24,500 was the final "price". The SE has everything you listed and then some. The lease was then $275/mo plus taxes. (I confirmed the tax costs myself)tions). $1000 down. 12K miles/yr. I am of the impression I could have pushed the dealer to 15K miles/yr without a problem but I'd never use it anyway.
PMRT
did the "SE" have leather and limited slip or any other
"packages"
I live in NY and was curious if your purchase was anywhere nearby that
I could perhaps use the same dealer.
Thanks again
I suggest trying a few dealers that are outside a 25 mile radius of you. Most dealers who know you are that far away view you as an opportunistic sale....one that they are not likely to make by drawing you in with advertising.....and therefore may be more willing to deal knowing if you walk you won't be back. The volume of cars a dealer moves also has something to do with it. Dealers many times get a rebate (also called "holdback") from the manuacturer refunded to them at the end of the year based on their annual volume. The dealer I used says they are 4th largest in the country. I tend to believe it. They own a half dozen dealerships on just the strip where I bought.
So you will know, even this dealer started out at $480/mo (including taxes). Doing one's homework and letting the salesman know other makes like the Honda S2000 (better ratings) are on your list is important. Also, having a strong constitution for negotiating doesn't hurt. Lastly, I went in at the end of the day on the last day of the month and end of the sales quarter when sales goals are more important. Remember, to them you are just a sale. They need to know that to you, it's just a car and there's always another one somewhere else. Sorry to be long winded.
Question #2 is what should the acquisition fee be in New York for Mazda Credit? I am in upstate NY. Still too cold for a convertible.
I have searched for the Miata you are interested in and found a couple with the following options:
2008 Miata Grand Touring 6spd manual transmission, Premium Package and Suspension Package, Stormy Blue.
MSRP $27,275.00
Sale Invoice $25,337.00
Less -100.00
Processing 99.00
Temp Tag 15.00
Total $25,351.00
Now that you have moved to a soft top you may want to lease thru Mazda. You can receive a $1,000.00 rebate on soft tops when leasing with Mazda.
There is no security deposit. There is a $595.00 acq. fee but the rebate absorbs that. Mazda money factor is .00101. The residual for 3yr 15k per year is 52%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Mazda Credit won't provide you with any sort of discount for paying your lease a year at a time. It will provide you with a reduction in the money factor that is being used to calculate the interest portion of your lease payment if you pay for the entire thing in advance. The last time that I checked it provided a .00041 money factor reduction for 2 year leases that are paid for in advance, .00083 for 3 years, and .00125 for 4 years.
You may be able to get the dealer to throw in a few oil changes for free. I personally would forget about the free oil changes and concentrate on getting the absolute lowest selling price that I could on the car.
As I mentioned earlier, the lower your car's selling price is, the lower your lease payment will be. Unfortunately, your car's end-of-term selling price has nothing to do with the selling price that you negotiate. It is based upon a percentage of your car's full MSRP.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am looking at an 08 sport w/automatic MSRP $25615 and I have access to S-plan. Is it unreasonable to think i could get away with around $250-275 a month payment? I am looking for a 24 month lease nothing down and 10.5 or 12k a year.
Thanks