Labor Day Leasehacking: 2018 Mazda MX-5 Miata For $298/Month, $0 Down (CA and FL)
Good deals on a low-volume sports car are hard to come by. Unlike with a humdrum family sedan, you'll rarely find special incentives or discounted money factor rates on a roadster, coupe, or hot hatch.
Mazda's current lease program for the soft top 2018 MX-5 Miata is an exception. Through September 4, 2018, there's $4,000 in customer incentive cash that can be applied towards leases and money factor rates that are practically zero. (The last time Mazda had rates this low on a Miata was in 2014 for the previous-generation NC car.)
Plainly, Mazda is trying to clear out 2018 Miatas before the higher-revving and marginally more powerful, but otherwise identical, 2019 models arrive. Compared to just a few months ago, leasing a MX-5 Miata under today's programs will cost roughly 25 percent less than before.
How do I get this deal?
Mazda is offering this special lease program only in California and Florida.
The deal featured here assumes a total dealer discount of $5,100 off MSRP on a $31,290 MX-5 Miata Grand Touring. That sounds like a huge discount, but keep in mind $4,000 of that comes directly from Mazda. Your exact selling price will depend on factors like location and inventory; we have seen discounts as high as $7,000 off MSRP. We recommend contacting a few dealers by email and asking for their best selling price.
This deal assumes a 36-month lease. Mazda Capital Services (Chase) has set the 36-month residual value for 2018 MX-5 Miata Grand Touring at 52% of MSRP for 10,000 miles per year. (The residual value is 50% at 12,000 miles per year and 49% at 15,000 miles per year.) A 24-month lease is also available.
Mazda's current money factor for 2018 MX-5 Miata (soft top, not RF) is .00014 for a 36-month term. Targeted incentives include $500 Mazda owner loyalty bonus, $750 Mazda lessee loyalty bonus, and $500 military personnel bonus.
Get started! Current program is valid through September 4, 2018.
Use Leasehackr Calculator to customize your own inputs, such as the MSRP and selling price. The link below will take you to a sample deal of a 2018 MX-5 Miata Grand Touring ($31,290 MSRP) assuming $0 down payment, excellent credit, California registration fees and taxes (Los Angeles County), and 36 months with 10,000 miles per year.
It translates to $298 per month ($326 per month after tax) and $814 in drive-offs.
See the breakdown on the calculator.