2020 Mazda CX-30 Lease Prices Are Identical To CX-3

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - February 6, 2020

The new Mazda CX-30 may be pricier than the CX-3 on paper, but our latest analysis finds that lease prices for the brand's two most affordable SUVs can actually be identical. As a result, shoppers may be able to take home a newer, larger, and more powerful vehicle for the same amount of money ahead of Presidents' Day.

In base form, the 2020 CX-30 is listed at $205 for 36 months with $2,999 due at signing. That's based on an MSRP of $23,000 with destination and equates to an effective cost of $288/month based on 12,000 miles/year. Mazda offers vary by region but this is a deal we're seeing in places like Los Angeles and New York. In San Francisco, prices are $10 higher but still identical.

Curiously, Mazda is advertising the exact same pricing on the 2020 CX-3 Sport (screenshot below). While the CX-3 does gain some important features for 2020, it's still an older vehicle with less cargo space (17.8 cu. ft. vs. 20.2), less power (148 hp vs. 186), and has just a 3 mpg difference in fuel economy (31 mpg vs. 28).

So why is the CX-30 such a better deal?

Manufacturer incentive data show both are eligible for a $360 lease discount in the areas listed above. However, a closer look reveals that the CX-30 has a slightly lower interest rate and benefits from a higher residual value. Higher residual values typically translate to better leases for consumers.

On paper, the CX-3 is Mazda's most affordable model. However, those planning to lease may find the CX-30 to be a much better value based on current prices. With a whole lot of advantages and the exact same cost to lease, Mazda doesn't appear to be giving shoppers any good reason to pick the CX-3 over a CX-30.

Be sure to follow our ongoing Presidents' Day deal coverage for possible changes. In terms of Mazda deals, we've recently learned that the automaker is planning to introduce an unadvertised incentive worth up to $3,000 on 2019 Miatas later this month.

Offers end March 2.

Build & Price Your Mazda CX-30 »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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