a dealer in St.louis is willing to match the price of Arkansas dealer on a GT2 AWD. 42.5K after lease rebate of 6500 plus some discounts. i have the cash to pay off the loan after 1 payment so it makes sense for me to lease the car first. Do you guys think its worth it? or wait until 2019 model and possibly dropping in price during July4th sale?
How to Buy a Kia Stinger
- Thread starter MarkyMark
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MarkyMark
Active Member
Is that the Adjusted Capital Cost? What are the other particulars?
I have no idea, did not go into the dealer to see the papers or details yet, only through e-mail they told me they would match the price. They just told me it would be the lease price and i could pay it off asap.
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MarkyMark
Active Member
Well, you probably know all this stuff (see below), but just in case, so you can get their info BEFORE spending a big drive to be yanked around a bit...
Purchase Price:$(insert your negotiated starting price here)
Title/Licence/Fees = $300 (est)
Money Factor = .00226 (I "think" that is June's rate)
Residual = 53% (again, I believe this is the case)
Gross Cap Cost = $(negotiated price + paperwork fees + taxes I believe)
Adjusted Cap Cost = $Gross Capital Cost - $6,500 (lease cash) = $4X,XXX
Residual Value = $52,300 (without extras) * .53 = $27,719
Depreciation Amount = $(Adj Capital Cost) - $27,719 (residual value) = $XX,XXX
Base Payment = $(depreciation amount) / 36 =$XXX
Rent Charge = $(adj Capital Cost + $27,719, residual) = $XX,XXX * .00226 = $XXX
Monthly Payment = $(depreciation amount / 36 months) + $(Rent Charge) = $monthly payment for 36 months.
I would ask for how much in taxes, license/title and document fees (which they will likely add into the lease), and also what the Money Factor is.
From there you should be able to just plug and play numbers. Good luck!
PieceOfChum
Member
Does anyone know what the lease cash is for July? I am about to buy and wanted to do a balloon loan and get the lease cash. Thanks
From interior to exterior to high performance - everything you need for your Stinger awaits you...
Joeh1974
Member
2018 Kia Stinger Incentives and Rebates | Autobytel.com
Looks like $6600 now on a 3 year lease for a GT1 through 7/31. That is up from the $5700 it was prior.
Edit: looks like lease cash on 36 months is up across the board.
Looks like $6600 now on a 3 year lease for a GT1 through 7/31. That is up from the $5700 it was prior.
Edit: looks like lease cash on 36 months is up across the board.
PieceOfChum
Member
Yea it is $7900 for 36 months for a GT2. Definitely doing the lease and or balloon loan and then use the lease cash. I wonder if any members have opted for the balloon loan from Kia?
Joeh1974
Member
Not sure. I did the 36month lease with immediate buyout in May.
MarkyMark
Active Member
Lease Cash goes up, Money Factor goes up. Unless you are planning on buying out the lease almost immediately, then Kia gets all that back over 36 months. Robbing Peter to pay Paul if you will.
Interesting in that the cash back options with KMF financing didn't change a bit. Stuck at $2k...
Interesting in that the cash back options with KMF financing didn't change a bit. Stuck at $2k...
PieceOfChum
Member
Yes I would buyout the lease or the balloon loan immediately.
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From interior to exterior to high performance - everything you need for your Stinger awaits you...
Mach_Tuck
1000 Posts Club!
Curious what the MF is now since Lease Cash increased $900 across the board. Even better deal for the lease then buyout!!
MarkyMark
Active Member
It's higher. Imagine that!
