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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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#58 of 71 End of lease purchase by roundyround Feb 12, 2009 (5:27 pm)
Nearing end of 3 year lease on my wife's '06 Sport w/6 speed and trying to decide whether or not to buy. Less than 10K miles with initial MSRP of $23495. Buyout figure of $13862. Local dealers showing similar cars are at $17K.   Are buyout figures negotiable or was that in stone when I agreed upon value of vehicule when I signed lease? Replies to this message: Car_man (Mar 02, 2009 4:28 am)
#59 of 71 Re: End of lease purchase [roundyround] by Car_man HOST Mar 02, 2009 (4:28 am)
Replying to: roundyround (Feb 12, 2009 5:27 pm) Hi roundyround. Banks will occasionally negotiate the end of term purchase prices of leased vehicles. More often than not, they won't but you certainly don't have anything to lose by trying. Don't bother involving the dealer in the transaction. Place a call directly to the bank that you are leasing your Miata through. If your initial contact there is unwilling to work with you, you may have better luck finding someone who will if you work your way up the ladder to a manager. Again, they won't necessarily be willing to negotiate but it's worth a shot. Let us know how everything turns out.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#60 of 71 2008's still leasable? by krwest1 Apr 20, 2009 (4:54 am)
Does anyone know if a leftover 2008 can still be leased? If so, can the $5000 rebate be used with a lease? Thanks. Replies to this message: Car_man (Apr 30, 2009 2:20 am) krwest1 (May 01, 2009 9:27 am) Car_man (May 26, 2009 2:59 am)
#61 of 71 Re: 2008's still leasable? [krwest1] by Car_man HOST Apr 30, 2009 (2:20 am)
Replying to: krwest1 (Apr 20, 2009 4:54 am) Hi krwest1. Unfortunately, Mazda pulled the plug on its special lease program on the 2008 Miata last month. If you can still find an independent bank that will lease one, which is doubtful, you could use the $5,000 cash incentive to reduce its capitalized cost.   If you are not 100% set on leasing, you can always finance your new Miata through Mazda at 0% for 3 years, 1.9% for up to 5 years, or 3.9% for 6 years.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: krwest1 (May 01, 2009 9:27 am) Car_man (May 26, 2009 2:59 am)
#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

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