What did you pay for your Kia Stinger?

[stasek]

I traded in a 2020 Corolla Hybrid and received $17,000 for that plus I put $2000, the max the dealer would allow on credit card, too.

Just na FYI - you should never EVER put down more than necessary (sign and drive, first payment, taxes, maybe?) on a lease. In case you totaled the car right now, you would most certainly be out thousands of $$$, since the insurance would only pay out the market value. If you only put down bare minimum, the GAP insurance would cover the difference between amount owed and market value.

 

[Mayhem]

Just na FYI - you should never EVER put down more than necessary (sign and drive, first payment, taxes, maybe?) on a lease. In case you totaled the car right now, you would most certainly be out thousands of $$$, since the insurance would only pay out the market value. If you only put down bare minimum, the GAP insurance would cover the difference between amount owed and market value.

It's been so long since I leased a car I didn't really think of all that. Hopefully I'll have no issues as far as accidents are concerned. I trust myself driving, others not so much sometimes!

 

[Edders]

Just bought a 2020 Kia Stinger GT Limited (or GT2 in Murica)in Ghost Grey/Ceramic Silver for $49,150 (MSRP $52,650 - $3500 in dealer and factory incentives = $49,150)

Yay!

 

[fasty1]

Given the car sales climate today, is 37.5k financed not lease before TTL possible for a GT2? My lease ends in December so hopefully dealership will more willing to play ball then.

 

[ghost_of_john_lennon]

Right now, there isn't a 'climate' - it's so crazy, 26 million americans filed for unemployment, but cars and houses are selling well, houses are selling really well. MY buddy has a theory that well, a lot of people still have jobs, and they are at home, on the internet and bored, and have all this time to peruse say Trulia and CarGurus. Who knows, but people are definitely still buying cars and houses, the data shows it. We had a drop off a cliff, then it came back up.

 

[stingerbeagle]

Give it a few months. IIRC during the 2008/2009 financial crisis, car prices didn't plummet until several months after the underlying crisis peaked. We're still flushing through the necessity-based demand (i.e. people who were already locked into buying a car now), and there could also be other temporary factors per the previous post. There's also a temporary dynamic wherein dealerships aren't going to chase after a manufacturer kickback/bonus based on sales volume breakpoints right now, because they're so far away from hitting those anyway. But these are all minor quirks compared to the macroeconomic wrecking ball that's coming.

 

[ghost_of_john_lennon]

Give it a few months. IIRC during the 2008/2009 financial crisis, car prices didn't plummet until several months after the underlying crisis peaked. We're still flushing through the necessity-based demand (i.e. people who were already locked into buying a car now), and there could also be other temporary factors per the previous post. There's also a temporary dynamic wherein dealerships aren't going to chase after a manufacturer kickback/bonus based on sales volume breakpoints right now, because they're so far away from hitting those anyway. But these are all minor quirks compared to the macroeconomic wrecking ball that's coming.

Agreed.

 

[Bigbird]

Got my GT (not 1 or 2) a couple weeks ago for $34k OTD.

 

[Luc343]

Give it a few months. IIRC during the 2008/2009 financial crisis, car prices didn't plummet until several months after the underlying crisis peaked. We're still flushing through the necessity-based demand (i.e. people who were already locked into buying a car now), and there could also be other temporary factors per the previous post. There's also a temporary dynamic wherein dealerships aren't going to chase after a manufacturer kickback/bonus based on sales volume breakpoints right now, because they're so far away from hitting those anyway. But these are all minor quirks compared to the macroeconomic wrecking ball that's coming.

In Australia, car manufactures have enjoyed 23 months of falling sales. They call it negative growth to make it sound better, but it's still declining sales. There are lots of ads on TV. I suspect car dealers are very desperate now, even if a few people are still buying cars, getting 10% discount with a little bit of work should be doable in this climate. Get your own finance, as they try to get you there as well. Trade in is another area where they may try to low ball you.

If I knew what was coming, I would have waited...and not purchased my car a few months ago...

 

[jfowler85]

Got my 2018 GT w/ 26k miles for $23,800. OTD was about $26,500

 

[wingertcb]

Proud new owner of a 2019 GT2 that I found with 1800 miles for $38,900. Drove 400 miles to get this beauty in Snow White Pearl with gray interior. What a great drive home!!

 

[fourthvictor]

I paid $38,000 for a 2019 GTS AWD. I have actually seen used GTS's with as much as 9,000 miles on them for more than that!

This is what I paid back in February before TTL and about $500 of negative equity.

 

[TheAtmosphere]

Just picked up my 2020 GT2 in ceramic silver this weekend. It was $39,909+ttl.

 

[kevinharps]

Picked up my CPO 2018 GT2 Ceramic Silver/Red for $32,500 + tax/titles/licenses

 

[andre11x]

I picked up a 2020 GT2 RWD in ceramic silver with red interior original MSRP of $52,400 (Sticker was like $53,700 with some dealer paint protector, nitrogen tires and roadside assistance) negotiated an adjusted cap cost of $37,600 before ttl. Got max incentives by leasing it for 24 months/10k miles. Planning on buying out asap. Thanks everyone for your help getting me my dream car!

 

[stingerbeagle]

I picked up a 2020 GT2 RWD in ceramic silver with red interior original MSRP of $52,400 (Sticker was like $53,700 with some dealer paint protector, nitrogen tires and roadside assistance) negotiated an adjusted cap cost of $37,600 before ttl. Got max incentives by leasing it for 24 months/10k miles. Planning on buying out asap. Thanks everyone for your help getting me my dream car!

Nice! I was starting to think prices are just higher these days, so it's good to see this set as a bar.

 

[andre11x]

Nice! I was starting to think prices are just higher these days, so it's good to see this set as a bar.

Happy to help! This was South Florida if that offers more reference.

 

[stingerbeagle]

Happy to help! This was South Florida if that offers more reference.

Oh I bought mine last year. Also a GT2 RWD. Your net cap is $55 lower than mine was

 

[Lonz]

I bought another Stinger yesterday. Did the same deal I did back in October. Back in October of 2019, I bought a 2019 AWD GT2, paid exactly $38,985, after doing the 24-month lease rebate/buyout trick. Drove it hard and fast for 6 months, and sold it for $39k. It only had 6k miles on it.

Went back to the same dealership for the exact same deal on a 2020 AWD GT2. Here's the deal:

MSRP: $54,140.

10% off of MSRP: $48,726.

Less 24-month lease rebate of $10,100.

Plus Lease Acquisition Fee of $650.

Plus Doc Fee of $199.

Adjusted Cap Cost: $39,475. I will pay it off completely within the next 30 days.

I will sell it in the next 6 months, rinse and repeat for a 2021.

 

[andre11x]

I bought another Stinger yesterday. Did the same deal I did back in October. Back in October of 2019, I bought a 2019 AWD GT2, paid exactly $38,985, after doing the 24-month lease rebate/buyout trick. Drove it hard and fast for 6 months, and sold it for $39k. It only had 6k miles on it.

Went back to the same dealership for the exact same deal on a 2020 AWD GT2. Here's the deal:

MSRP: $54,140.

10% off of MSRP: $48,726.

Less 24-month lease rebate of $10,100.

Plus Lease Acquisition Fee of $650.

Plus Doc Fee of $199.

Adjusted Cap Cost: $39,475. I will pay it off completely within the next 30 days.

I will sell it in the next 6 months, rinse and repeat for a 2021.

In order to do this you have to pay off the car in full right? I am securing a private loan to finance the lease buyout so it won't be paid off for a while and I am estimating 3-4% in interest on top of the adjusted cap cost.