Is the Mazda MX-5 Miata RF lease a good deal?

Advertised at $459/mo, the Mazda MX-5 Miata RF truly costs about $626/mo once the $6,469 due at signing is spread across the 36-month term. We grade it B+.

What is the real monthly cost of the Mazda MX-5 Miata RF lease?

About $626 per month, versus the $459 advertised payment.

Mazda MX-5 Miata RF Lease Deals: $459/mo, True Cost $626/mo (November 2026)

Name: Mazda MX-5 Miata RF lease
Brand: Mazda
Price: 459 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$459/mo

Due at signing$6,469

Term36 months

True cost$626/mo

GradeB+

Offer endsNovember 30, 2026

vs rivals: Subaru BRZ $528/mo · Mazda MX-5 Miata $513/mo · Volkswagen Golf GTI $610/mo

All 3 sports cars with a lease, ranked →

B+

Deal grade

Advertised

$459/mo

True cost

$626/mo

Graded on true cost as a percent of MSRP, against other sports cars. This lease is 1.56%. How we grade

How $459 becomes $626

The ad says $459 a month, and it also asks for $6,469 at signing.
$459 of that is your first payment. The other $6,010 is extra money that you pay up front.
Spread across the 36 months of the lease, $6,010 is $167 a month.

$459advertised payment

$167up-front money, each month

$626true cost a month

$6,469

Due at signing

36 mo

Term

$22,534

Total cost

1.56%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 MX-5 Miata RF MSRP $40,065	$459	$6,469	36 mo	$626	B+

The math for the 2026 MX-5 Miata RF

Due at signing, with payment 1 in it: $6,469
35 more payments of $459: $16,065
Total for 36 months: $22,534
True cost each month: $626
Cost for each mile, with 22,500 miles allowed: $1.00

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

B+

Deal grade

Advertised

$571/mo

True cost

$642/mo

Graded on true cost as a percent of MSRP, against other sports cars. This lease is 1.57%. How we grade

How $571 becomes $642

The ad says $571 a month, and it also asks for $3,999 at signing.
$571 of that is your first payment. The other $3,428 is extra money that you pay up front.
Spread across the 48 months of the lease, $3,428 is $71 a month.

$571advertised payment

$71up-front money, each month

$642true cost a month

$3,999

Due at signing

48 mo

Term

$30,836

Total cost

1.57%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Grand Touring RWD / Automatic Transmission MSRP $41,035	$571	$3,999	48 mo	$642	B+

The math for the 2026 Grand Touring

Due at signing, with payment 1 in it: $3,999
47 more payments of $571: $26,837
Total for 48 months: $30,836
True cost each month: $642
Cost for each mile, with 40,000 miles allowed: $0.77

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

C+

Deal grade

Advertised

$449/mo

True cost

$642/mo

Graded on true cost as a percent of MSRP, against other sports cars. This lease is 1.60%. How we grade

How $449 becomes $642

The ad says $449 a month, and it also asks for $7,389 at signing.
$449 of that is your first payment. The other $6,940 is extra money that you pay up front.
Spread across the 36 months of the lease, $6,940 is $193 a month.

$449advertised payment

$193up-front money, each month

$642true cost a month

$7,389

Due at signing

36 mo

Term

$23,104

Total cost

1.60%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 MX-5 RF Grand Touring RWD / Manual Transmission MSRP $40,065	$449	$7,389	36 mo	$642	C+

The math for the 2026 MX-5 RF Grand Touring

Due at signing, with payment 1 in it: $7,389
35 more payments of $449: $15,715
Total for 36 months: $23,104
True cost each month: $642
Cost for each mile, with 22,500 miles allowed: $1.03

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$615/mo

True cost

$667/mo

Graded on true cost as a percent of MSRP, against other sports cars. This lease is 1.67%. How we grade

How $615 becomes $667

The ad says $615 a month, and it also asks for $2,499 at signing.
$615 of that is your first payment. The other $1,884 is extra money that you pay up front.
Spread across the 36 months of the lease, $1,884 is $52 a month.

$615advertised payment

$52up-front money, each month

$667true cost a month

$2,499

Due at signing

36 mo

Term

$24,024

Total cost

1.67%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 MX-5 RF Grand Touring RWD / Manual Transmission MSRP $40,065	$615	$2,499	36 mo	$667	C

The math for the 2026 MX-5 RF Grand Touring

Due at signing, with payment 1 in it: $2,499
35 more payments of $615: $21,525
Total for 36 months: $24,024
True cost each month: $667
Cost for each mile, with 30,000 miles allowed: $0.80

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

How the Mazda MX-5 Miata RF lease changed

Since October 12, 2026, the true cost went up by $30 a month, from $596 to $626.

October 12, 2026: $429/mo, $6,439 due, 36 mo: $596
October 17, 2026: $429/mo, $6,439 due, 36 mo: $596
October 31, 2026: $429/mo, $6,439 due, 36 mo: $596
November 5, 2026: $459/mo, $6,469 due, 36 mo: $626
November 11, 2026: $459/mo, $6,469 due, 36 mo: $626

Each line is the best offer where most regions share it, on the day that we collected the offers.

How it ranks among sports cars

The Mazda MX-5 Miata RF has the 3rd lowest true cost of 3 sports cars with an advertised lease this month. The lowest is the Mazda MX-5 Miata at $513 a month.

The middle true cost in the class is $528 a month, and the Mazda MX-5 Miata RF costs $98 more. Each month it costs 1.56% of its MSRP, and the middle of the class is 1.56%.