1. We're having a vote for the location of our upcoming KIA Stinger dot com StingerFest. Please CLICK HERE to cast your vote!
Hey! I see you! Please take two seconds to sign up! We'd love to have you as a member of our Kia Stinger club. You have nothing to lose and so much to gain... :)

a concerning lease disclaimer....

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

  1. BEEK

    BEEK United States Member

    47
    21
    8
    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

    846
    220
    43
    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

    47
    21
    8
    Location:
    Atlanta, GA
    Thanks Diablo...you are proably right, but I will confirm with dealer.
     
  4. Andimal

    Andimal United States Active Member

    140
    39
    28
    Location:
    Crossville, TN
    This is standard across the board. Aside from damage, I'm sure under/over mileage comes into play as well.
     
Draft saved Draft deleted

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.