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Mazda Miata Lease Questions

73 messages,  Last post on Nov 19, 2009 at 3:00 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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#44 of 73 Re: PMRT follow up [howiebx] by pmrt Apr 06, 2008 (3:56 pm)
Replying to: howiebx (Apr 06, 2008 3:09 pm) The SE is the "top of the line" so-to-speak and has all the bells and whistles. Yes, it has leather interior, limited slip, 6-CD Bose system and other stuff unique to the SE. I'd have to check the sticker to see what else was unique to it. However it also has special wheels, zenon headlights (which I hate because they throw a beam with a cut-off like a razor) and comes in only icy blue with a chocolate brown ragtop and chocolate brown leather interior. I got it because that's the only color my wife liked. I am just north of Boston and doubt using this dealer would be worthwhile on a lease.   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.
#45 of 73 Need lease help please, April 08 by ny234 Apr 14, 2008 (6:43 pm)
I have a quote for a 2008 Touring softtop MSRP $23,630 (no extra options) but I think I can negotiate a better 24 month lease deal via a lower Cap Cost. Deal includes $1,000 rebate, no security deposit, Quote included .00100 money factor. Just pay tax, plus $645 delivery/destination, plus $652.50 fees. Dealer just took $500 off the MSRP toward the sale price / initial cap cost (sale to Mazda Credit). Question #1, should I offer to do the deal if they reduce the $23,630 to $22,900 or better, $22,800 (all other things stay the same)? Edmunds shows the invoice at $22,501 and the True Market Value at $23,201. How many hundred over invoice is appropriate? 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. Replies to this message: adelgreen (Apr 18, 2008 8:36 am)
#46 of 73 Re: Need lease help please, April 08 [ny234] by adelgreen Apr 18, 2008 (8:36 am)
Replying to: ny234 (Apr 14, 2008 6:43 pm) If it helps to compare slightly, I was recently offered this - haven't decided what to do yet.   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%.
#47 of 73 Re: Current Lease Offer [wayde] by Car_man HOST Apr 24, 2008 (1:57 am)
Replying to: wayde (Mar 13, 2008 5:19 pm) Hey wayde. Mazda's lease program varies by term and mileage allowance. You never mentioned what any of these specific variables are, so for now I will assume that you are interested in a 36 month lease of a 2008 Mazda Miata with 15,000 miles per year. The buy rate lease money factor and residual value for such a lease are currently .00051 and 52%, 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 through Mazda Credit.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#48 of 73 Re: latest lease deal [pmrt] by Car_man HOST Apr 24, 2008 (2:24 am)
Replying to: pmrt (Mar 30, 2008 2:48 pm) Welcome pmrt. You never mentioned the selling price of the Miata that you are interested in leasing. This is an important number 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 the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I am sure that either myself or another community member will be happy to give you their opinion of this deal if you let us know what this number is.   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
#49 of 73 2008 MX5 LEASE by hward1 May 04, 2008 (10:13 am)
Hello - i was wondering what the money factor and residual is on a GT for May - can i negotiate on the residual or should i - if not how much is it now --- would the lease of a GT be better that on Touring --- i really want leather but thats it from the standard Touring --- thanks Replies to this message: Car_man (May 20, 2008 1:14 am)
#50 of 73 Re: Ready to buy or lease [pmrt] by hward1 May 06, 2008 (6:00 pm)
Replying to: pmrt (Apr 06, 2008 2:27 pm) hello - that sounds like a great negotiation on your part Howdie--- i am interested in the same car --- how did you come up with that lease price --- money factor ect. --- i am having no luck --- thanks Heath
#51 of 73 MAC Lease cash back by dmcgettigan May 07, 2008 (8:48 am)
Is the $1000 lease cash back from MAC still in affect, I can't seem to find anything about it. And is it only for certain trim levels?   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 Replies to this message: Car_man (May 20, 2008 1:15 am)
#52 of 73 Re: 2008 MX5 LEASE [hward1] by Car_man HOST May 20, 2008 (1:14 am)
Replying to: hward1 (May 04, 2008 10:13 am) Hi hward1. This car's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Mazda Miata GT with 15,000 miles per year are .00051 and 52%, respectively for consumers who qualify for its top credit tier. The residual value is set in stone and individual dealers to not have the authority to alter it.   When negotiating your lease on this car, make sure to take advantage of the $1,000 cash incentive that Mazda is currently providing on it.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#53 of 73 Re: MAC Lease cash back [dmcgettigan] by Car_man HOST May 20, 2008 (1:15 am)
Replying to: dmcgettigan (May 07, 2008 8:48 am) Yes, dmcgettigan, the $1,000 lease cash is still available on all Miata trim levels. I'm not sure what the selling price for the exact Miata that you are interested in is. We would need that to estimate this car's lease payment. If you share it with us, I am sure that either myself or another helpful community member would be happy to estimate this car's monthly payment for you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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