Kia Stinger March Sales Incentives

[Kia Stinger]

Let's establish the spot where we discuss March incentives for the Kia Stinger...

 

[Mhol]

I am waiting for it. Hopefully something better.

 

[jrhodes87]

Today is the day, waiting to see what they do

 

[Joebot]

Today is the day whether I decide whether to lease a Stinger GT2 AWD or a G80 Sport. Waiting for numbers for both. In February there was only a $50 a month difference in the best deal I could swing on both. Unless the Stinger is closer to $80 a month better than the G80 I'm going for the G80. Damn that money factor on the Stinger was atrocious in Feb.

 

[jrhodes87]

Looks like they are staying about the same

 

[jwhollan]

Lease incentives attached

Cash incentive is slightly lower it looks like, but pretty close. KMA continues to absolutely butcher their money factor rates though....

 

[Joebot]

Lease incentives attached

Cash incentive is slightly lower it looks like, but pretty close. KMA (Kia Motors America) continues to absolutely butcher their money factor rates though....

Yeah, that MF is ridiculous. I guess it's G80 Sport time for me as the wife liked that one better anyways and green lighted the extra spend. Stinger is great but I get the 360 camera, wireless charging and mobile app start and free maintenance on the G80.

 

[0FSGVN]

What is the difference between the two lease deals since they have interest rates? Also what's up with the "money factor" y'all keep talking about? I've never heard this stuff before; been learning a lot here.

 

[jwhollan]

Just noticed that residuals got a slight bump though. That's a good sign and should help offset the MF. But it's still a pretty crappy deal in the grand scheme of things

 

[Joebot]

What is the difference between the two lease deals since they have interest rates? Also what's up with the "money factor" y'all keep talking about? I've never heard this stuff before; been learning a lot here.

1st two are financing a purchase. Bonus cash and a higher rate vs no bonus cash and a lower rate. The other two are leasing 36 and 48 month terms. The money factor is the interest rate essentially for the amount of depreciation you are using/renting. Multiply that number x 2400 and you get an interest rate.

 

[jwhollan]

What is the difference between the two lease deals since they have interest rates? Also what's up with the "money factor" y'all keep talking about? I've never heard this stuff before; been learning a lot here.

The lease deals available for each trim are listed in the two sections at the bottom (the top two sections are for purchasing). The very bottom section is a 48 mo. lease, the section above that is for your standard 36 mo lease.

The MF is the money factor that you see on there. You can think of it basically as the interest rate you'd be paying on your monthly payment (it's actually a little more complicated than that, but that's the most basic way to think of it). the MF rates they are showing here of over .00200 are incredibly high and amount to basically an interest rate of 5% or so, which is horrible for someone with a high FICO score.

 

[Chris]

Just noticed that residuals got a slight bump though. That's a good sign and should help offset the MF. But it's still a pretty crappy deal in the grand scheme of things

Did they? I'm not sure. Read the fine print. It says the residual is based on 10k miles a year, and to deduct 1% for 12k a year. I thought the last time I saw this the residual was based on 12k a year. I might be wrong though.

 

[MarkyMark]

Lease incentives attached

Cash incentive is slightly lower it looks like, but pretty close. KMA (Kia Motors America) continues to absolutely butcher their money factor rates though....

As expected, KMF didn’t do much with their programs.

Regarding the lease program, all KMF did was rearrange chairs on the deck of the titanic...

The Money Factor creeped north (following along with the Prime rate). In an “effort” to offset the higher MF, KMF increased the residual, so fewer dollars are financed with the worsening rates...

However, they somewhat reduced the lease cash which is surprising, if not disappointing... I would have expected LC to say put or slightly increase. Instead they pushed the residual dangerously close to fantasy-land.

The program reveals Stingers are selling well or Kia is not hitting any sales panic button yet.

It appears dealers in the US still have a wee bit more inventory to take on, so until channel inventory is full and sales of various models are showing weakness, these program figures - like it or not - are not likely to change much...

For now, Kia seems to be squarely putting it on the dealers to move Stingers. Nothing new under the sun, right?

Lastly, for future buyers like me, who are looking to purchase via an immediate lease buyout, the program update put a slight dent in plans... Slightly lower lease cash to take advantage of, and a larger residual... MF means nothing to me really. The other two factors do...

 

[jwhollan]

Did they? I'm not sure. Read the fine print. It says the residual is based on 10k miles a year, and to deduct 1% for 12k a year. I thought the last time I saw this the residual was based on 12k a year. I might be wrong though.

Well my 10k/yr lease from December is 52% on a GT2 AWD. This says 53%. Maybe it went up last month?

 

[jrhodes87]

Dealer said this would bump my monthly up about 10 bucks lol

 

[Mach_Tuck]

As expected, KMF didn’t do much with their programs.

Lastly, for future buyers like me, who are looking to purchase via an immediate lease buyout, the program update put a slight dent in plans... Slightly lower lease cash to take advantage of, and a larger residual... MF means nothing to me really. The other two factors do...

Lease Cash on GT2 RWD increased from $6500 to $6700 but i do see the GT2 AWD reduced from $7200 to $7000. Wasnt really looking at the others personally.

@MarkyMark - the residuals wont affect the immediate buyout in a material amount since the buyout is based on Adjust Cap Cost...which the lease cash change will directly affect. Higher RV will impose a slightly higher RENT during the buyout window is all...again, not a material amount in my opinion.

AGREED that these MF are TERRIBLE for Tier 1 Credit!! Laughable actually!

 

[Mach_Tuck]

Looks like the Purchase is no longer available with the 0.9% finance either. To get the $750 you have to take 1.9%.

LEASE THEN IMMEDIATE BUY is still best option

 

[jrhodes87]

Looks like the Purchase is no longer available with the 0.9% finance either. To get the $750 you have to take 1.9%.

LEASE THEN IMMEDIATE BUY is still best option

When u say immediately, what's the longest one could wait to buy out and still remain advantageous of the lease cash

 

[MarkyMark]

Lease Cash on GT2 RWD increased from $6500 to $6700 but i do see the GT2 AWD reduced from $7200 to $7000. Wasnt really looking at the others personally.

@MarkyMark - the residuals wont affect the immediate buyout in a material amount since the buyout is based on Adjust Cap Cost...which the lease cash change will directly affect. Higher RV will impose a slightly higher RENT during the buyout window is all...again, not a material amount in my opinion.

AGREED that these MF are TERRIBLE for Tier 1 Credit!! Laughable actually!

@Mach_Tuck - I’m just thinking I’m terms of the RV going into a used car loan, and that figure being larger doesn’t help my person position... although, less to buyout with my cash position mean a smaller loan for the residual, so kinda a wash...

I’ll be doing, so long as lease cash holds up. A lease, then buyout in roughly 4-5 days from signing.

So yes, the horrible MF - however bad it gets - I really don’t care.$15 - $20 on a few days in the first month of the lease really is a moot issue for me.

 

[Mach_Tuck]

When u say immediately, what's the longest one could wait to buy out and still remain advantageous of the lease cash

The sooner the better. Remember that RENT is charged each month and is based on (((Adjusted Cap Cost + Residual) * MF)/Term) so higher MF and higher RV will increase RENT fees. So, again, the sooner the better.