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

Advertised at $379/mo, the Mazda MX-5 Miata truly costs about $513/mo once the $5,186 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 lease?

About $513 per month, versus the $379 advertised payment.

Mazda MX-5 Miata Lease Deals: $379/mo, True Cost $513/mo (November 2026)

Name: Mazda MX-5 Miata lease
Brand: Mazda
Price: 379 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$379/mo

Due at signing$5,186

Term36 months

True cost$513/mo

GradeB

Offer endsNovember 30, 2026

vs rivals: Subaru BRZ $528/mo · Mazda MX-5 Miata RF $626/mo · Toyota Camry $390/mo

All 3 sports cars with a lease, ranked →

Deal grade

Advertised

$379/mo

True cost

$513/mo

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

How $379 becomes $513

The ad says $379 a month, and it also asks for $5,186 at signing.
$379 of that is your first payment. The other $4,807 is extra money that you pay up front.
Spread across the 36 months of the lease, $4,807 is $134 a month.

$379advertised payment

$134up-front money, each month

$513true cost a month

$5,186

Due at signing

36 mo

Term

$18,451

Total cost

1.60%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 MX-5 Miata MSRP $32,045	$379	$5,186	36 mo	$513	B

The math for the 2026 MX-5 Miata

Due at signing, with payment 1 in it: $5,186
35 more payments of $379: $13,265
Total for 36 months: $18,451
True cost each month: $513
Cost for each mile, with 22,500 miles allowed: $0.82

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

$496/mo

True cost

$569/mo

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

How $496 becomes $569

The ad says $496 a month, and it also asks for $3,999 at signing.
$496 of that is your first payment. The other $3,503 is extra money that you pay up front.
Spread across the 48 months of the lease, $3,503 is $73 a month.

$496advertised payment

$73up-front money, each month

$569true cost a month

$3,999

Due at signing

48 mo

Term

$27,311

Total cost

1.60%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Club RWD / Manual Transmission MSRP $35,545	$496	$3,999	48 mo	$569	B

The math for the 2026 Club

Due at signing, with payment 1 in it: $3,999
47 more payments of $496: $23,312
Total for 48 months: $27,311
True cost each month: $569
Cost for each mile, with 40,000 miles allowed: $0.68

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

$479/mo

True cost

$535/mo

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

How $479 becomes $535

The ad says $479 a month, and it also asks for $2,499 at signing.
$479 of that is your first payment. The other $2,020 is extra money that you pay up front.
Spread across the 36 months of the lease, $2,020 is $56 a month.

$479advertised payment

$56up-front money, each month

$535true cost a month

$2,499

Due at signing

36 mo

Term

$19,264

Total cost

1.67%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 MX-5 Sport RWD / Manual Transmission MSRP $32,045	$479	$2,499	36 mo	$535	D

The math for the 2026 MX-5 Sport

Due at signing, with payment 1 in it: $2,499
35 more payments of $479: $16,765
Total for 36 months: $19,264
True cost each month: $535
Cost for each mile, with 22,500 miles allowed: $0.86

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

$487/mo

True cost

$543/mo

Graded on true cost as a percent of MSRP, against other sports cars. This lease is 1.69%. How we grade

How $487 becomes $543

The ad says $487 a month, and it also asks for $2,499 at signing.
$487 of that is your first payment. The other $2,012 is extra money that you pay up front.
Spread across the 36 months of the lease, $2,012 is $56 a month.

$487advertised payment

$56up-front money, each month

$543true cost a month

$2,499

Due at signing

36 mo

Term

$19,544

Total cost

1.69%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 MX-5 Miata MSRP $32,045	$487	$2,499	36 mo	$543	F

The math for the 2026 MX-5 Miata

Due at signing, with payment 1 in it: $2,499
35 more payments of $487: $17,045
Total for 36 months: $19,544
True cost each month: $543
Cost for each mile, with 30,000 miles allowed: $0.65

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 lease changed

Since October 12, 2026, the true cost went up by $30 a month, from $483 to $513.

October 12, 2026: $349/mo, $5,156 due, 36 mo: $483
October 17, 2026: $349/mo, $5,156 due, 36 mo: $483
October 31, 2026: $349/mo, $5,156 due, 36 mo: $483
November 5, 2026: $379/mo, $5,186 due, 36 mo: $513
November 11, 2026: $379/mo, $5,186 due, 36 mo: $513

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 has the 1st lowest true cost of 3 sports cars with an advertised lease this month. No lease in the class costs less.

The middle true cost in the class is $528 a month, and the Mazda MX-5 Miata costs $16 less. Each month it costs 1.60% of its MSRP, and the middle of the class is 1.56%.