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a concerning lease disclaimer....

Discussion in 'How to Buy a Kia Stinger' started by BEEK, Dec 7, 2018.

  1. BEEK

    BEEK United States Member

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    Location:
    Atlanta, GA
    Has anyone noticed this disclaimer in the lease contract? I got this from the kia website

    "An extra charge may be imposed at the end of the lease term where the lessee's liability, if any, is based on the difference between the residual value of the leased property and its realized value at the end of the lease term."

    Does this mean Kia gets to charge me extra of their residual calculation wasn't accurate?
     
  2. DiabloStinger

    DiabloStinger United States Stinger Enthusiast

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    Location:
    Gilbert, AZ
    I'm no lawyer, but I believe they are talking about appraised damage affecting the value of the vehicle as it sits when you turn it in. 'Realized value' is the key.
     
    • Agree Agree x 1
  3. BEEK

    BEEK United States Member

    38
    14
    8
    Location:
    Atlanta, GA
    Thanks Diablo...you are proably right, but I will confirm with dealer.
     
  4. Andimal

    Andimal United States Member

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    Location:
    Crossville, TN
    This is standard across the board. Aside from damage, I'm sure under/over mileage comes into play as well.
     
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