Mazda Miata Lease Near Me

Mazda Miata Lease Near Me – This is a lease and I thought I’d share the story of this car and how I was able to lease it for $105/month.

So in August 2018 I searched the forum for ideas for a car.

Mazda Miata Lease Near Me

Mazda Miata Lease Near Me

Someone posted an offer for a Miata and it really interested me because Miatas – or the cars you’re interested in – don’t usually lease that well.

Mazda Mx 5 Miata For Sale Or Lease In Bay City, Michigan

But here’s Mazda, offering $4,000 in incentives on all 2018 Miatas in anticipation of the 2019 Miata ND2’s release.

In addition to this incentive, Mazda offers a low interest rate of 0.00014, which translates to an annual interest rate of 0.3% – an unprecedented rate for a car as important as the Miata.

I can’t say I’ve ever been a big Miata guy, but it gave me a chance to try something fun and different without the extra expense or commitment.

So I contacted my local Mazda dealer. With the help of the calculator, I have already calculated the desired transaction.

Leasehackr Stories: My $105 Per Month Mazda Mx 5 Miata Lease — Leasehackr

We exchanged a few texts, agreed on a deal, and the next day I showed up to pick up the car.

My 2018 MX-5 Miata Grand Touring soft top with manual transmission is for sale for $31,390. After the $4,000 premium and the $2,000 dealer rebate, the total value of the car is $25,390.

I choose to include the first month’s payment and all fees, including registration, for a true breakeven rent of $0.

Mazda Miata Lease Near Me

That worked out to $335/month, plus tax, with a $0 deductible—the best deal for a Miata.

Current Mazda Incentives & Special Offers

Unfortunately, this cannot be repeated today, even months after I rented the car, because plans have changed.

The great thing about leasing is that many lenders – not all – give you the option to transfer the lease to a third party.

In my case, the lease is still for three months. When I want to buy, my current purchase balance is around $17,000.

However, used car prices are currently on the rise due to a shortage of supply. Online used car dealer Carvana is willing to pay $24,500 for this car.

Mazda Mx 5 Convertible 1.5 [132] Exclusive Line 2 Doors Lease Deal

Essentially, they bought the car from the lender, paid off the balance and paid me the remaining $7,500 – meaning my rent was effectively $105 a month!

So Carvana is coming next week to pick up this car and I will be sad to see it go.

In my particular case, this lease was definitely a lot cheaper than buying a used Miata, paying sales tax on the entire car, and selling it later. Instead I got a new car with a full warranty and a new set of tires and brakes.

Mazda Miata Lease Near Me

I also know that this is obviously an anomaly. It’s a combination of two things: First, the high rent and the temporary increase in the value of used cars.

Mazda Mazda Mx 5 Miata Rf Vehicles

Which means, whatever you do, don’t return the lease without first getting a background check from Carvana, Vroom, Shift, and CarMax. You can have rental equity even if your car is in good condition and has a few miles on it. In this case, you must sell your car to a third party, not just return it.

Second, many people think that renting a car is a waste of money – that you’re paying a lot for a rental car without getting anything in return.

The truth is that the starting price of any new car is a discount. Whether you buy or rent, you pay for it.

By leasing, you leave the risk of depreciation with the bank, and if it turns out that the car is worth more at the end of the lease term than originally thought, there may be ways to get that equity. It can be a win-win situation.

New 2023 Mazda Mx 5 Miata Rf For Sale Near Baltimore, Maryland

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