“The partnership will enable us to offer more attractive monthly payment options to consumers,” Sandra Lemaitre, Mazda’s manager corporate communications via email.
Lemaitre said leasing is available for most 2011 models – the Mazda2, 3, 5, 6, CX-7 and CX-9.
The subcompact Mazda2 lease rates start at .9 per cent for a three-year term. The program also has a low-kilometre lease option.
But she said there would be a range of terms from 36 to 60 months.
When asked how the OEM plans to grapple with the RV risk, especially with a three-year lease, she replied “Mazda is doing a number of things including being conservative in our leasing forecast, minimizing our fleet business, and launching a certified pre-owned program later this year.”
Despite the partnership, Lemaitre says Mazda Canada president Don Romano still favours opening up the lease market to the banks to create a competitive marketplace.
Check out the July issue of Canadian AutoWorld for an in-depth look at Canadian Dealer Lease Services, Inc.