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Mazda Miata Lease Questions

71 messages,  Last post on Oct 05, 2009 at 3:30 AM

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What is this discussion about? Mazda MX-5 Miata, Mazda MAZDASPEED MX-5 Miata, Car Leasing, Convertible

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#62 of 71 Re: 2008's still leasable? [Car_man] by krwest1 May 01, 2009 (9:27 am)
Replying to: Car_man (Apr 30, 2009 2:20 am) 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. Replies to this message: Car_man (May 26, 2009 2:59 am)
#63 of 71 Re: 2008's still leasable? [krwest1] by Car_man HOST May 26, 2009 (2:59 am)
Replying to: krwest1 (May 01, 2009 9:27 am) 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 Host Prices Paid: Buying & Leasing Experiences Forum
#64 of 71 What's Residual & MF Fall 2009 by ck90211 Aug 02, 2009 (10:00 pm)
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. Replies to this message: Car_man (Aug 10, 2009 1:57 am) manageout (Sep 03, 2009 7:15 am) Car_man (Sep 18, 2009 2:53 am)
#65 of 71 Re: What's Residual & MF Fall 2009 [ck90211] by Car_man HOST Aug 10, 2009 (1:57 am)
Replying to: ck90211 (Aug 02, 2009 10:00 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: manageout (Sep 03, 2009 7:15 am) Car_man (Sep 18, 2009 2:53 am)
#66 of 71 Re: What's Residual & MF Fall 2009 [Car_man] by manageout Sep 03, 2009 (7:15 am)
Replying to: Car_man (Aug 10, 2009 1:57 am) Hi Car Man, what is the res value and MF for 2009 mazda miata with only 12k miles per yr? thx much! Replies to this message: Car_man (Sep 18, 2009 2:53 am)
#67 of 71 Re: What's Residual & MF Fall 2009 [manageout] by Car_man HOST Sep 18, 2009 (2:53 am)
Replying to: manageout (Sep 03, 2009 7:15 am) 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 Host Prices Paid: Buying & Leasing Experiences Forum
#68 of 71 Buy out price by acehawk Sep 29, 2009 (10:58 am)
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? Replies to this message: acehawk (Sep 29, 2009 12:32 pm) Car_man (Oct 05, 2009 3:30 am) Car_man (Oct 05, 2009 3:28 am)
#69 of 71 Re: Buy out price [acehawk] by acehawk Sep 29, 2009 (12:32 pm)
Replying to: acehawk (Sep 29, 2009 10:58 am) What's the difference between cashback and lease cash? Can they both be combine? Replies to this message: Car_man (Oct 05, 2009 3:30 am)
#70 of 71 Re: Buy out price [acehawk] by Car_man HOST Oct 05, 2009 (3:28 am)
Replying to: acehawk (Sep 29, 2009 10:58 am) 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 Host Prices Paid: Buying & Leasing Experiences Forum
#71 of 71 Re: Buy out price [acehawk] by Car_man HOST Oct 05, 2009 (3:30 am)
Replying to: acehawk (Sep 29, 2009 12:32 pm) 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 Host Prices Paid: Buying & Leasing Experiences Forum

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