Mazda MX-5 Miata Loan Calculator
Our Loan Calculator display shows you how your Mazda MX-5 Miata loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your MX-5 Miata to ensure that your loan balance declines faster than the value of your vehicle.
With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly.
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Mazda MX-5 Miata Projected Resale Value vs Loan Balance
| Year | Resale Value | Loan Balance | Difference |
|---|---|---|---|
| 0 | $36,239 | $28,991 | +$7,248 (20%) |
| 1 | $31,854 | $24,959 | +$6,895 (22%) |
| 2 | $29,908 | $20,637 | +$9,271 (31%) |
| 3 | $27,915 | $16,004 | +$11,911 (43%) |
| 4 | $25,820 | $11,036 | +$14,784 (57%) |
| 5 | $23,885 | $5,709 | +$18,176 (76%) |
| 6 | $22,095 | $0 | +$22,095 (100%) |
Mazda MX-5 Miata Monthly Payment
| Loan Term | 72 Months |
| APR | 6.99% |
| Paid in Full | Oct, 2030 |
| Total Principal | $28,991 |
| Total Interest | $6,583 |
| Total Cost of Loan | $35,574 |
| Loan Term | 72 Months |
| APR | 6.99% |
| Paid in Full | Oct, 2030 |
| Total Principal | $28,991 |
| Total Interest | $6,583 |
| Total Cost of Loan | $35,574 |
Mazda MX-5 Miata Loan Amortization
| Month | Interest | Principal | Balance |
|---|---|---|---|
| Nov, 2024 | $168.87 | $325.00 | $28,666.00 |
| Dec, 2024 | $166.98 | $327.00 | $28,339.00 |
| Jan, 2025 | $165.07 | $329.00 | $28,010.00 |
| Feb, 2025 | $163.16 | $331.00 | $27,679.00 |
| Mar, 2025 | $161.23 | $333.00 | $27,346.00 |
| Apr, 2025 | $159.29 | $335.00 | $27,011.00 |
This Mazda MX-5 Miata is expected to lose $14,144 of its resale value during the 72 months of this loan. Check out our Mazda MX-5 Miata Depreciation Calculator for a detailed analysis of the MX-5 Miata's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the MX-5 Miata has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best MX-5 Miata model years to buy to get the best value.
Other Mazda MX-5 Miata Costs of Ownership
Finding a car or truck that saves on financing costs is important. But, it's also imperative to view all major Mazda MX-5 Miata costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses:
Used Mazda MX-5 Miatas For Sale
2021 Mazda MX-5 Miata Grand Touring
$23,995
2022 Mazda MX-5 Miata Club
$25,922
