Enjoy the latest in design, safety and technology when you lease a new Mazda. Insure and maintain your car and you’ll have choices at the end of your lease to upgrade, keep or return. Plus, business owners can deduct part of the payments for tax purposes.
Lease payments are typically lower than finance payments on the same vehicle. Only pay tax on the monthly amount, not the full purchase price of the vehicle. Plus, flexible terms of up to 60 months on select models keeps more money in your pocket to save or invest.
When the lease ends, return your current vehicle for inspection and you’re free to lease or finance a new Mazda or finance a certified pre-owned Mazda.
For a predetermined price shown on your lease contract plus applicable taxes and fees
After an inspection, the lessee will return the vehicle to the originating Dealer
During the final 45 days of your lease, we’ll contact you to arrange a vehicle inspection.
An independent inspection company will inspect the vehicle at no cost to you. Following the inspection, you will receive a detailed condition report with the estimated charges for excess wear (if any). You’ll then have the opportunity to repair your Mazda before maturity. Should you repair your Mazda at your Mazda dealer, no further inspection is needed. If you have your vehicle repaired elsewhere, then a second inspection will be required at your expense.READ OUR WEAR AND TEAR GUIDE
If you purchased Mazda Appearance Protection Insurance when you leased your Mazda, please familiarize yourself with your rights and obligations under that coverage. To ensure you receive the full benefit of returns under the policy, we recommend you Contact Your Dealer to arrange for a preliminary visual inspection where any covered wear conditions can be corrected before the final vehicle inspection.
It’s easy to become attached to your Mazda. If you decide to keep yours, you can purchase or refinance your current vehicle.
You can purchase or refinance your current vehicle for the predetermined price shown on your lease contract plus any amount outstanding on the lease, applicable taxes, safety inspection costs, environment fees and ownership transfer fees. To purchase your Mazda, simply visit your Mazda Dealer to arrange for payment through the dealership.FIND YOUR DEALER
Open-end leases: Residual values are determined at lease termination. The lessee takes all the financial risk because the lessee is responsible for paying any difference in the residual value and the actual value of the vehicle at the end of the lease. Closed-end leases: Residual values are known at lease inception. The Mazda Lease Program is only offered as a closed-end lease program. Therefore, other than returning the leased vehicle at the end of the lease, the lessee is responsible for excess damage or mileage charges.
A $595 lease service fee is applied on all new vehicle lease originations and will displayed on the Retail Lease Agreement. If the lessee decides to terminate the lease, there is no applicable Administration Fee should the Lessee decide to terminate the lease early. Please note that the minimum lease term is 12 months. Pro-rated excess mileage as well as any costs related to excess wear and tear may apply. If the Lessee decides to extend the lease, the maximum term for extending a lease is 30 days, and a $200 Lease Extension Fee (plus applicable taxes) may apply. If the Lessee decides to proceed with a Lease Assignment (also known as a Lease Takeover), a $350 (plus applicable taxes) Lease Assignment Administration Fee applies.
Proof of Insurance
Proof of Income, a Letter of Employment and a Paystub can be used as documents to represent proof of income. ·
Vehicle and Plate Registration, if applicable.
Standard Lease = 24,000 km/year
Low kilometre lease = 20,000 km/year
Ultra-low kilometre lease = 16,000 km/year
Excess mileage can be purchased up front for standard leases (24,000 km/year) for $0.08/km, except the CX-9, which is $0.12/km, plus all applicable taxes. Excess mileage will be assessed at the end of the term for all leases (both standard and low kilometre leases), and is charged at $0.08/km for all Mazdas except the CX-9, which is $0.12/km, plus all applicable taxes.
First month’s payment, registration fees and any down payment, such as cash to trade-in.
No, only monthly payments are permitted, no deferrals.
Lease-end value (residual value) is the value of the vehicle at the end of the lease. The lessee has the option to purchase the vehicle at the end of the lease term at the residual value plus any amount outstanding on the lease, applicable taxes, safety inspection costs. Environment fees, and ownership transfer fees. To purchase your Mazda, simply visit your Mazda dealer to arrange for payment through the dealership.