Is this too good?

[GenesisG70]

Hello Fellow Stinger owners can you please help this soul figure out if I am getting ripped off in this deal? This is a lease buy out proposal by the dealer. MSRP on my new car was 51k I have made like 3 payments of 600 USD a month already. Help will be appreciated.

 

[Chark]

Rates seem high. Check with other banks or even better, a credit union. Be sure to ask for a Lease Buyout package from Kia Motor Finance.

 

[Shrikecorp]

Hello Fellow Stinger owners can you please help this soul figure out if I am getting ripped off in this deal? This is a lease buy out proposal by the dealer. MSRP on my new car was 51k I have made like 3 payments of 600 USD a month already. Help will be appreciated.



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I'd log into the kmfusa.com website and request a buyout quote... just to see if it's the same or significantly different. And finance through a credit union or something, that's high. Credit score depending, of course.

 

[Shrikecorp]

Rates seem high. Check with other banks or even better, a credit union. Be sure to ask for a Lease Buyout package from Kia Motor Finance.

GMTA.

 

[GenesisG70]

Rates seem high. Check with other banks or even better, a credit union. Be sure to ask for a Lease Buyout package from Kia Motor Finance.

It seems that in Florida you can only buy out the lease through a dealer... Thanks for responding.

 

[GenesisG70]

I'd log into the kmfusa.com website and request a buyout quote... just to see if it's the same or significantly different. And finance through a credit union or something, that's high. Credit score depending, of course.

But if I already have the cash why do I need to use a credit union? Thanks for responding.

 

[Shrikecorp]

It seems that in Florida you can only buy out the lease through a dealer... Thanks for responding.

Scratch that, missed that you have the cash

 

[Chark]

But if I already have the cash why do I need to use a credit union? Thanks for responding.

Then why would you finance it for between 7%-9%? I would still confirm the dealer's numbers with KMF to make sure they are the same. If you don't question it and their numbers are inflated, it's free money for them.

I'm contacting a dealer about a 2018 GT2 AWD to see how the numbers work out. The $10,400 cash on a 24-month lease, plus my $3,000 loyalty, plus my $400 Military might result in a deal that is too good to pass up. We will soon see.

Good luck to you!

 

[Jefplusf]

Then why would you finance it for between 7%-9%? I would still confirm the dealer's numbers with KMF to make sure they are the same. If you don't question it and their numbers are inflated, it's free money for them.

I'm contacting a dealer about a 2018 GT2 AWD to see how the numbers work out. The $10,400 cash on a 24-month lease, plus my $3,000 loyalty, plus my $400 Military might result in a deal that is too good to pass up. We will soon see.

Good luck to you!

$3000 loyalty doesn't stack with lease offers, otherwise I would have bit already