What did you pay for your Kia Stinger?

[Jon1]

I wanted to buy a Stinger, but $600 + lease payments are too high. I just leased a $58K Infiniti Q50 Red Sport for 445/month with $0 down inclusive of all taxes and fees. 39 months, 10K miles.

 

[iclicku]

I wanted to buy a Stinger, but $600 + lease payments are too high. I just leased a $58K Infiniti Q50 Red Sport for 445/month with $0 down inclusive of all taxes and fees. 39 months, 10K miles.

Sorry you feel that way. But hey at least you got a great deal on the Infiniti!

 

[Kia Stinger]

@Never thought just paid $46,000 for his GT2! He got a great deal by using one specific strategy we often talk about...
https://stingerforum.org/threads/just-bought-a-stinger-gt2.1357/#post-13429

 

[MarkyMark]

3 dealers in my vicinity. One had 10k markup, the others 5k and 0k. Haggled with the 10k markup (they had the model i wanted) and got them down to $51,400 usd for a gt1 black/red interior with a few "factory installed" extras. Took a few days but i think they really wanted to get that first one out the door. Btw, this car is amazing (been driving a corolla for the last 10 years)

You are exactly who Toyota and Honda are freaking out about. Standard sedan buyer, moving north into this car. Maybe not so many Corolla, Focus or Civic people, but one less for them! Congrats and Merry Christmas!

 

[MarkyMark]

The Audi dealer I was working with was supposedly going to give me a big discount but came back with absolute trash. I really got upset about the time and promises that were wasted. No reason to even post the ugly numbers but needless to say there was no "discount."

Which brings me back to the Stinger. Sure the payment is high, relatively speaking. But after talking with 4 dealers, I found that Kia of Bellingham (KOB) was the only dealership to offer near invoice pricing on their car (NADA shows invoice at $49,113 including destination for the GT2 AWD.) Everyone else was using "adjusted market values" to jack up the MSRP and wouldn't budge.

The numbers KOB gave me matched exactly with the numbers I calculated on LeaseHackr.com so I believe they weren't trying to juice anything. Considering the recent release of the car, I think I managed to lease the car without being gouged by any "new car tax."

I will be interested to compare what sort of lease/purchase deals show up on the forums in the next couple months.

Bellingham, eh? Interesting. The town with Microsoft money falling from the sky when it rains they say... Clearly, Kia is FAR more hungry than the local Audi dealership, so nice move. I'm from Portland and in the greater Seattle area often visiting customers. Nice win for you!

Merry Christmas!

 

[MarkyMark]

Sorry you feel that way. But hey at least you got a great deal on the Infiniti!

What were you previously driving before? Was it another leaseback, thus nothing to trade-in or sell for a down or?

 

[Kia Stinger]

You are exactly who Toyota and Honda are freaking out about. Standard sedan buyer, moving north into this car. Maybe not so many Corolla, Focus or Civic people, but one less for them! Congrats and Merry Christmas!

The Stinger is the perfect car to move up from if you're already driving a (or in the market for) Camry, Accord, Altima, Fusion, Malibu, Mazda6 or similar cars like them. It's a natural progression if you're looking for something with rear wheel drive, head-turning design, and a sporty character...

 

[MarkyMark]

Personally, I never lease, nor would I. There was a Corolla post earlier on in this topic area. He owned it for 10 years. Probably allowed him a long, long time to pay for the Stinger in cash or close too. Nice work.

Here's the deal, if you can be patient to any degree - do! The rule of thumb is if you can't buy a car outright in 3.5 years then you cannot afford it. A. It means you don't have the monthly income to pay a decently small fee for it. OR B. You may very well be upside down on that car after 3.5 years if you take out, say, a 5yr (60 month loan). Very bad idea to ever be upside down on a car purchase.

So, buy a car within means, own it, pay it off, and in 3.5 – 5 years, you'll have anywhere from $10k - $18k in resale, and to use as a down payment for the next car.

Plus, after you pay it off, you can drive it as long as you want. Maybe there is nothing out there that really sparks your interest. Fine. Just keep driving and saving that payment you once paid.

With a lease? You're stuck. After 3yrs it's give it back with nothing to show for it in terms of capital in your possession, or buy it...

Now, I understand there are those with a lot of wealth that don't care much about burning money up to get the latest and greatest. That's just fine. I have no issues with that (I would just personally never do that). There are others - a lot of folks - that get a monthly car allowance from their business, and as such it's viewed as "free money" so it's usually maxed out into the highest luxury car it can buy, via a lease. I get it, but it would still be worth it to buy a car with that money, and at the end of the day, that monthly always rolls in, and then you own the car personally, with a LOT of cash left over.

If you ever get in an accident or have damages to a lease, they will absolutely stick it to you upon trade in. Don't have $1500 to fix the fender bender? In a lease, you're going to pay to fix that one way or another, and you are fixing a car which is not yours, you're just paying to fix a rental car! Ouch. Own it? Don't have that money now? No biggie. You can do whatever you please, whenever you want.

1. If you can do it, do the best you can and purchase the vehicle. Dave Ramsey has GREAT advice about leases vs purchasing vehicles: Explain How A Car Lease Works - Ask Dave | DaveRamsey.com

 

[iclicku]

Personal wealth is exactly that...Personal. I listen to Dave Ramsey a lot as well. I respect a lot of what he says too. But I think this thread goes off topic when we start a conversation about the whole lease vs finance vs purchase topic.

I think the this thread is best when people are honest about what they paid so that it can help others negotiate better terms for however they wish to purchase the car.

There is another thread that criticizes the lease in another discussion.

 

[MarkyMark]

Personal wealth is exactly that...Personal. I listen to Dave Ramsey a lot as well. I respect a lot of what he says too. But I think this thread goes off topic when we start a conversation about the whole lease vs finance vs purchase topic.

I think the this thread is best when people are honest about what they paid so that it can help others negotiate better terms for however they wish to purchase the car.

There is another thread that criticizes the lease in another discussion.

Everyone can decide, but a lot of people I know get into a lease and regret it, because they do not understand how they work... They understand a purchase but not a lease. So pointing people to how leases work, and the costs involved, so long as they understand, hey, I'm with you, do what you will, it's your money. But just know before getting into a purchase - or a lease. Thanks.

 

[iclicku]

I understand. That's why there is another thread criticizing the lease itself

 

[Buzzbomber]

@Never thought just paid $46,000 for his GT2! He got a great deal by using one specific strategy we often talk about...
Just bought a Stinger GT2

Howdy Howdy, been a lurker for a while, but made an account specifically to respond to this.

Last year this time, I was taking advantage of year-end sales to get from my current Optima SX to a 2016 or 2017 Optima SXL. I live in Virginia, within 3 hours drive from many dealerships. My local one, where I bought my current vehicle gave me an outlandishly high price, and so I went to dealerships in the DC Area, thinking there's a lot more competition than my small town. I was right, and I got a deal about $6000 less. When I mentioned the price to my local dealer (as we have a rapport from the first purchase) he said "there's no way you'll end up with the exact model or price." After a few calls back and forth between a DC sales guy, and one in Richmond, I had come to the conclusion they had all been talking to each other. Suddenly the car in DC was actually an EX, and the comparable one in Richmond in a different color which was $3000 less on their website, was only about $400 less than the one in my town when I got a sales manager on the phone.

TL,DR: I had the exact opposite situation by trying to get the best deal from multiple dealers. I'm 99% certain they worked together to stifle the sale.

A year later, now I'm looking at a Stinger, though think I will hold off until 2019 based on what I've read about Pricing above MSRP, lack of features and colors. etc.. This forum is very valuable, thanks!

 

[iclicku]

Glad we could help!

 

[Kia Stinger]

Suddenly the car in DC was actually an EX

Welcome aboard, @Buzzbomber! And thank you for signing up. I think this actually would have worked out if you had received a solid confirmation on the vehicle you were getting the deal on. For them to suddenly change the deal from an SXL to an EX is kind of outrageous. Is it possible you over-did the back and forth enough to the point where the dealer in PA contacted the dealer in DC and convinced them they were losing too much money on the deal?

In any event, let's hope you get a great deal on a Stinger...

 

[MarkyMark]

Howdy Howdy, been a lurker for a while, but made an account specifically to respond to this.

Last year this time, I was taking advantage of year-end sales to get from my current Optima SX to a 2016 or 2017 Optima SXL. I live in Virginia, within 3 hours drive from many dealerships. My local one, where I bought my current vehicle gave me an outlandishly high price, and so I went to dealerships in the DC Area, thinking there's a lot more competition than my small town. I was right, and I got a deal about $6000 less. When I mentioned the price to my local dealer (as we have a rapport from the first purchase) he said "there's no way you'll end up with the exact model or price." After a few calls back and forth between a DC sales guy, and one in Richmond, I had come to the conclusion they had all been talking to each other. Suddenly the car in DC was actually an EX, and the comparable one in Richmond in a different color which was $3000 less on their website, was only about $400 less than the one in my town when I got a sales manager on the phone.

TL,DR: I had the exact opposite situation by trying to get the best deal from multiple dealers. I'm 99% certain they worked together to stifle the sale.

A year later, now I'm looking at a Stinger, though think I will hold off until 2019 based on what I've read about Pricing above MSRP, lack of features and colors. etc.. This forum is very valuable, thanks!

You are likely dead on with your assessment. NEVER give a dealer any information. If they ask what you are looking at, just let them know "other brands." And if you want to do your homework, find out who owns these dealerships you are working with. Even if different, they are a long-term family network (literally) brotherhood going on.

This is why I am a huge fan of just dealing with dealers via emails. And do NOT let them know you are shopping out of region. Even when out of your local sphere of dealers, don't let others know you are from out-of-state, etc... if possible.

Remember: When is a dealer lying? When their lips are moving. ; )

Sorry to be so harsh on dealers, but their sole goal is to extract every dime out of your pocket as possible, nothing less, and help you feel like you got a great deal leaving the lot. I've never talked to anyone who thought they were screwed. Everyone I know says "I got a great deal!"...

Looking at this thread, it appears GT's are going for about $3k off sticker (close anyway). Not bad for a brand new rig. It will be quite fun seeing and exposing how much people are paying as move forward through 2018!

 

[Kia Stinger]

When I've emailed multiple dealers in the past, I didn't go back and forth carbon copying everybody on the deal as it moved forward. That's a bad idea. That initial email is supposed to show you who's going to be best to work with. From that point on, you privately work your deal with one or two and move forward. Constant back and forth is eventually going to get each sales person to directly contact the other and say, "You're not REALLY going to do that deal - are you?! This guy is screwing us out of money"...

 

[Waynerm002]

Want to say congrats on on that great deal on the Stinger GT. I have seen a few dealers in my area that are doing this mark up crap on their cars (administrative fees as one labeled it), such a rip. As great as the car is, a lot of folks find it hard to come to terms with this sort of price on a KIA, adding on extra "fees" makes folks not want to do business with you. As someone that used to be in the business, I always laugh at the "bump sticker" and tell them we are starting at invoice and the lower they go, the better the chances of me making a deal with them.

I'm in a Optima currently and had I know this was coming in a year, I would have kept the other Optima before leasing this one. As it stands, I'll be in this for another 2 years. I'm signing up to keep abreast of things with the car until it's time to get one.

 

[Kia Stinger]

Want to say congrats on on that great deal on the Stinger GT. I have seen a few dealers in my area that are doing this mark up crap on their cars (administrative fees as one labeled it), such a rip. As great as the car is, a lot of folks find it hard to come to terms with this sort of price on a KIA, adding on extra "fees" makes folks not want to do business with you. As someone that used to be in the business, I always laugh at the "bump sticker" and tell them we are starting at invoice and the lower they go, the better the chances of me making a deal with them.

I'm in a Optima currently and had I know this was coming in a year, I would have kept the other Optima before leasing this one. As it stands, I'll be in this for another 2 years. I'm signing up to keep abreast of things with the car until it's time to get one.

Welcome aboard, @Waynerm002! Thank you for signing up. I like your strategy.

 

[MarkyMark]

Want to say congrats on on that great deal on the Stinger GT. I have seen a few dealers in my area that are doing this mark up crap on their cars (administrative fees as one labeled it), such a rip. As great as the car is, a lot of folks find it hard to come to terms with this sort of price on a KIA, adding on extra "fees" makes folks not want to do business with you. As someone that used to be in the business, I always laugh at the "bump sticker" and tell them we are starting at invoice and the lower they go, the better the chances of me making a deal with them.

I'm in a Optima currently and had I know this was coming in a year, I would have kept the other Optima before leasing this one. As it stands, I'll be in this for another 2 years. I'm signing up to keep abreast of things with the car until it's time to get one.

The markup fee is for: A. Suckers who don't know... B. A phycological play. They just conceded something to you, so now your mind starts chewing on conceding something to them. It's horrible. I never work with dealers who push the "additional dealer markup" nonsense.

Oh if car manufacturers could only sell direct... Tesla and other startup electric makers coming soon – I hope their direct sales method continues!

 

[Jojo_505]

Micro blue GT AWD. I paid $46k US. Some options were installed.