Well I’m in the dealership right now, waiting for my salesperson to finish up a transaction. They haven’t gotten my residual number yet, but I’ll keep my guard up.
Current MFR Incentives for the Stinger
- Thread starter jatleson
- Start date
MerlintheMad
10000 Posts Club!
I think "Luther" has reversed the discounts to make themselves look good.
The Kia rebate would be the $9K.Also, I see you applying $8,100 Special as the lease cash on a 36 month lease. Would it not make more sense to do a 24 month lease which drives that incentive up to $9,500? Saves extra bucks and since you are buying it out, only have one larger lease payment? Does that make sense?
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I’ll tell you something— they pulled the car up, and I hate bait and switch. The website said 19” wheels, and the car has 18’s! You know that means it’s limited on the top end. I’m ready to walk away right now.
Hate to hear that Edward. But thanks for taking one for the team and investigating this one. It's got me doing some more research though for sure. I don't know that I can find anything in my state in the 2018 MY...and not sure going across state lines will make sense. But I'm going to give it the old college try anyway.
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So...without pushing for too much information beyond your comfort level...their discounts on their website were before any lease cash you will enjoy? Nothing strange or bad surprises above their listed pricing at just over $40K?
MerlintheMad
10000 Posts Club!
Later you can adjust the speed limiter up. I'm sure this will be common knowledge on how to do it, if it isn't already getting that way. I bet a tune shop could do it. As long as you don't take it off complete (just raise it to 167 mph) I don't see how any warranty risk would be involved either.
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turboAWD
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I sent them an email.. They are offering $6500 off MSRP. The other $2500 is Kia finance cash. So, they're offering around $46k before lease cash..
R.K.
Member
Can you combine lease cash with finance cash? If so, that's a great deal for a GT2 for that price
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leecm
Active Member
Is it even possible to stack lease cash with finance cash? The two don't seem compatible from a practical perspective.
turboAWD
1000 Posts Club!
No, I guess I wasn't clear - they are offering $9k off total, $2500 of which is finance cash. That's ~$43k adjusted price. If you drop the finance cash, it's back to around $46k, then subtract around $10k lease cash. So around $36k for a GT2 AWD after buyout. Roughly.
Great Thread and allot of information. I plan on purchasing a 2019 GT2 in the end of May or June.
I am not in a rush, and can delay my purchase, but that's the earliest I can purchase.
I prefer to just purchase, what is the best deal I can expect paying cash?........ also is it really worth it to do all these lease deals etc ?? I kinda hate making things more complex. I like owning my cars and keep them forever, which is why it takes me years to decide what to buy.
I will say this, I consider myself a car guy, and very knowledgeable about cars in general. I have to say the Stinger is the best car on the market, as it's good looking , fun, practical, and very well engineered.
So I'd appreciate any advice on what to expect paying cash.
Thank you,
Gonzo
I am not in a rush, and can delay my purchase, but that's the earliest I can purchase.
I prefer to just purchase, what is the best deal I can expect paying cash?........ also is it really worth it to do all these lease deals etc ?? I kinda hate making things more complex. I like owning my cars and keep them forever, which is why it takes me years to decide what to buy.
I will say this, I consider myself a car guy, and very knowledgeable about cars in general. I have to say the Stinger is the best car on the market, as it's good looking , fun, practical, and very well engineered.
So I'd appreciate any advice on what to expect paying cash.
Thank you,
Gonzo
From interior to exterior to high performance - everything you need for your Stinger awaits you...
Hey Edward,
I thought all the GT2's had 19 inch wheels?? Is it a GT1? Sorry, I didn't think it came with 18 inch wheels......which I don't think is bad at all. I like the comfort of a taller sidewall.
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Gonzo- I'm in the same boat with you on timing and either planning on the GT1 or 2...no sure yet. I'm seeing 'internet pricing' of about $46,000 for the RWD and $48,000 for AWD. I'm assuming that they have some kind of finance incentive money included in those prices. But in each case, discounting of between $5,000 and 6,000. So my thinking would be that getting to a $44,000 price on the AWD before TTL might be a decent number to shoot for (but very open to feedback if that is too aggressive or not aggressive enough). This assumes the lease scenario and losing the included Financing incentive which is likely baked into their internet pricing. As of today, the lease cash incentive is $8,500 for a 24 month lease and $7,100 on the 36 month lease on the AWD. So for me, that money is nothing to sneeze at and worth a little effort to take advantage. I'm guessing any financing incentive might be around $2,000....so if correct, saving an additional 6,500 or 5,100 by going the lease/buy route is worth it.
Sorry, lots of assumptions here on my part, but maybe someone with more recent actual experience can chime in with additional details.
If you can find a 2018 in your color combinations, you get the advantage of additional lease cash incentives plus a more aggressive price discount likely from the dealer, for not much trading down on new features. I'm still shooting for this option, but not sure I want to lose my color combination preferences. If anyone knows of a 2018 in Ceramic Silver/Red GT2 on some lot, let me know! If you like Red and Black, there seem to be lots of those laying around! I'm in NC by the way for any comparisons on the pricing I indicated above.
Sorry, lots of assumptions here on my part, but maybe someone with more recent actual experience can chime in with additional details.
If you can find a 2018 in your color combinations, you get the advantage of additional lease cash incentives plus a more aggressive price discount likely from the dealer, for not much trading down on new features. I'm still shooting for this option, but not sure I want to lose my color combination preferences. If anyone knows of a 2018 in Ceramic Silver/Red GT2 on some lot, let me know! If you like Red and Black, there seem to be lots of those laying around! I'm in NC by the way for any comparisons on the pricing I indicated above.
MerlintheMad
10000 Posts Club!
Over on the main Lease then Buyout thread Lease then Buyout - Contract Explanation you'll read a lot of discussion about if the buyout process is worth the hassle. My experience then would be different than now (after getting educated on that thread 
); that thread convinced me to do the buyout c. three months into the lease.
Knowing what I do now, I would not have done the lease then buyout, because if I had known what I found out later, I'd have just paid cash and negotiated as much direct dealer discount as I could get.
They opened negotiations with a straight up $2,995 off MSRP. We offered to pay cash and were shocked to find out that their discount would only be an additional $500; they wouldn't budge on that. Kia's finance incentive was just under a thousand bucks. But I don't think that we would have obtained that without going through the financing process. Our intentions were clear: pay cash. So getting the c. $950 Kia finance incentive would have been problematic.
If you look at the pluses and minuses, I don't think that anything beats paying cash. The lease rebate is for people who can't pay cash (i.e. nearly every prospective car buyer).
So, negotiate out the door via dealer discount; forget Kia's rebates entirely. If the out the door price fits your definition of a good deal, just do that; it's relatively simple and painless.
); that thread convinced me to do the buyout c. three months into the lease.Knowing what I do now, I would not have done the lease then buyout, because if I had known what I found out later, I'd have just paid cash and negotiated as much direct dealer discount as I could get.
They opened negotiations with a straight up $2,995 off MSRP. We offered to pay cash and were shocked to find out that their discount would only be an additional $500; they wouldn't budge on that. Kia's finance incentive was just under a thousand bucks. But I don't think that we would have obtained that without going through the financing process. Our intentions were clear: pay cash. So getting the c. $950 Kia finance incentive would have been problematic.
If you look at the pluses and minuses, I don't think that anything beats paying cash. The lease rebate is for people who can't pay cash (i.e. nearly every prospective car buyer).
So, negotiate out the door via dealer discount; forget Kia's rebates entirely. If the out the door price fits your definition of a good deal, just do that; it's relatively simple and painless.
leecm
Active Member
Over on the main Lease then Buyout thread Lease then Buyout - Contract Explanation you'll read a lot of discussion about if the buyout process is worth the hassle. My experience then would be different than now (after getting educated on that thread
Knowing what I do now, I would not have done the lease then buyout, because if I had known what I found out later, I'd have just paid cash and negotiated as much direct dealer discount as I could get.
They opened negotiations with a straight up $2,995 off MSRP. We offered to pay cash and were shocked to find out that their discount would only be an additional $500; they wouldn't budge on that. Kia's finance incentive was just under a thousand bucks. But I don't think that we would have obtained that without going through the financing process. Our intentions were clear: pay cash. So getting the c. $950 Kia finance incentive would have been problematic.
If you look at the pluses and minuses, I don't think that anything beats paying cash. The lease rebate is for people who can't pay cash (i.e. nearly every prospective car buyer).
So, negotiate out the door via dealer discount; forget Kia's rebates entirely. If the out the door price fits your definition of a good deal, just do that; it's relatively simple and painless.
I'm not an expert at leasing or purchasing cars in general, and I wouldn't presume to know more about the subject than you. With that said, I did the lease buyout on a 2019 GT2, with a 24mo $8200 incentive, and combined it with a $5k dealer discount. The MSRP was $53,930 and the total buyout was $45,589 including tax.
Can you really get the dealer to go that deep if you're paying cash? I had a hard time finding a dealer to hit $5k for a 2019 GT2 when I made my purchase in January. I can see them going over that number for a previous model year, but not by the same amount that I got by combining the lease cash and dealer discount.
MerlintheMad
10000 Posts Club!
I would say it's possible to get a better deal doing the lease and buyout. But not always. So the point I was trying to make is that working for a cash deal and deep dealer discount is the best approach as an opener. But if the dealer won't deal, then pursue the lease and buyout as a second option. The reason being the hassle avoided if you get a cash purchase. Also, the hassle of dealing with HCA to do the buyout, the time and potential miscommunication, may not be worth the difference: paying for instant ownership may be worth the difference between cash and buyout. In my case, that was true. The buyout didn't save enough to make the lease and buyout worth it. But I didn't know that. I only found out once I read about it here on the forum. Then, to avoid the remaining 33 months of rent charge, I did the buyout. It went smoothly enough; I had the title in my hands within a month.
In those cases where the dealer won't dicker lower for a cash purchase, you are either getting a better deal there via lease and buyout; or you need to keep shopping around to find a deeper dealer cash discount. I think that when they see your shopping history, they will start competing to do a cash sale. But maybe that will be a bigger hassle than doing a lease and buyout?
From interior to exterior to high performance - everything you need for your Stinger awaits you...
