Kia Stinger March Sales Incentives

[StingMe]

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.

I agree. They added MORE cash to my potential deal.

MF .002xx is reasonable - 36mo residual 53% is good.

Throw $6700 into that, and wow!

Car is highly anticipated and highly reviewed. Been out a few months in the US.

These are great lease deals!

You can't have subsidized or subvented factors and/or residuals AND $6700 lease cash.

"Car manufacturers frequently offer special limited-time subsidized, or subvented, lease deals on some of their models.
They do this by discounting price and either boosting residuals or lowering interest rates (money factor), or both."

Finding Good Car Lease Deals - by LeaseGuide.com

 

[Mach_Tuck]

I agree. They added MORE cash to my potential deal.

MF .002xx is reasonable - 36mo residual 53% is good.

Throw $6700 into that, and wow!

Car is highly anticipated and highly reviewed. Been out a few months in the US.

These are great lease deals!

You can't have subsidized or subvented factors and/or residuals AND $6700 lease cash.

"Car manufacturers frequently offer special limited-time subsidized, or subvented, lease deals on some of their models.
They do this by discounting price and either boosting residuals or lowering interest rates (money factor), or both."

Finding Good Car Lease Deals - by LeaseGuide.com

I can agree with all of this EXCEPT for the MF. For Tier 1 or better credit, that MF is laughable.

Residual i can partially accept but think, given Kia pushes for how reliable their cars are, would like to see it closer to 60%. The issue we have in Phoenix is that everything is so spread out, 10K/yr and even 12.5K/yr could be eaten very quickly without another vehicle to offload onto.

I suppose for me, however, this is moot since i plan to utilize the lease cash and then buyout as soon as available on KMF. Just need these crazy dealers to get over their greed on these yellow ones around me

 

[Rufus]

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

We waited just shy of a month from signing before buying out. The quote KMF gave us came about a week and a half after signing, and that same amount was good until the next lease pmt. A few months won't hurt per se but each successive month will eat away potential savings, especially if your buyout is financed rather than in cash.

We financed at 2.9% over 72 mos. Even with that, we still saved over 2k in interest over sticking with the lease. But it only made sense due to the lease cash.

 

[StungBlueGT2]

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....

Great info and thanks for the chart! In my situation the 48m has $200 more lease cash but MF is .00007 higher and RV is 1% lower so the payment is actually $10 more It’s not a deal breaker but I guess I just got lucky. Surprised Kia didn’t continue incentivizing them even more for another month or two. Maybe they are starting to sell more GT2s than they expected at this point.

 

[NYLAWBIZ]

one dealer told me that they stopped producing GT2's for 2018MY. Can anyone confirm that?

 

[StingerGT68]

one dealer told me that they stopped producing GT2's for 2018MY. Can anyone confirm that?

I'll guess that's wrong, but only based on the fact I also had a dealer tell me "No base GTs have even left the factory in Korea". I bought my base GT at another dealer the next day

 

[jwhollan]

one dealer told me that they stopped producing GT2's for 2018MY. Can anyone confirm that?

Yea, the idea that the dealer would know that seems pretty implausible. It's not completely impossible that it might be true though, especially if the rumors of 2019 model year Stingers being released in the summer is true. They would need to start production of those probably by April.

I'm still doubting all of that though...

 

[NYLAWBIZ]

That's along what he said about 2019 starting in April. I wanted to special order and he said they aren't taking special orders on GTs'2 for that reason.

 

[Mach_Tuck]

Well...these current "deals" are good through end of April so i guess you can wait and see what the rumor mill churns out!

 

[MarkyMark]

I agree. They added MORE cash to my potential deal.

MF .002xx is reasonable - 36mo residual 53% is good.

Throw $6700 into that, and wow!

Car is highly anticipated and highly reviewed. Been out a few months in the US.

These are great lease deals!

You can't have subsidized or subvented factors and/or residuals AND $6700 lease cash.

"Car manufacturers frequently offer special limited-time subsidized, or subvented, lease deals on some of their models.
They do this by discounting price and either boosting residuals or lowering interest rates (money factor), or both."

Finding Good Car Lease Deals - by LeaseGuide.com

FYI: Noticed the LC for the GT RWD moved north from $4800 to $5600, while the GT AWD shifted slightly down from $5400 to $5300. Nothing huge, but for my specific needs, if I choose RWD, all good. Leaning towards AWD, so we'll see... Oddly, there are very few GT's in the market, thus it's curious as to why the decently boosted LC of $800 on the GT RWD models. Maybe more are on boat about to arrive! One can always hope!

 

[NYLAWBIZ]

I would think the LC is to move 2018's. Do you think they would extend it to 2019's?

 

[Jayce]

I would think the LC is to move 2018's. Do you think they would extend it to 2019's?

I'm sure they'll extend the lease deals. Now how much LC they give is a different story.

 

[MarkyMark]

I'm sure they'll extend the lease deals. Now how much LC they give is a different story.

Agreed. LC is going to almost always stick around, so they can get people into a lease, and get the money all back over the term.

 

[Carlos C]

Could you please explain a bit more how the Lease and buyout work? When you sign the normal lease deal you are committed to the monthly payments that include the financing charge (MF cost).What is it that you actually pay when you buyout,is the the monthly payment MINUS interest charges times 36 (assumiong a 36 month lease)
Thanks

 

[0FSGVN]

Could you please explain a bit more how the Lease and buyout work? When you sign the normal lease deal you are committed to the monthly payments that include the financing charge (MF cost).What is it that you actually pay when you buyout,is the the monthly payment MINUS interest charges times 36 (assumiong a 36 month lease)
Thanks

There's actually a thread about this that goes into great detail. Check it out!

 

[Carlos C]

Thank you!!!

 

[Dave Miller]

one dealer told me that they stopped producing GT2's for 2018MY. Can anyone confirm that?

Who knows, maybe the Kia assembly lines are technically producing the 2019s right now, but we still have 2018 GT2 models that were already made arriving. You can't special order a Kia in the USA though. You can only make a request which gives that dealership a higher chance that specific car will be allocated to them.

 

[MarkyMark]

Who knows, maybe the Kia assembly lines are technically producing the 2019s right now, but we still have 2018 GT2 models that were already made arriving. You can't special order a Kia in the USA though. You can only make a request which gives that dealership a higher chance that specific car will be allocated to them.

Thanks David. Was not aware of this. Bummer. But you should request more GT AWD w/Drive Wise (Panthera Metal and Micro Blue) to make me happy! ; )

 

[NYLAWBIZ]

Thanks, adds up. Trying to separate the wheat from the chaff. A lot of misinformation out there when in the market for a new car.

Who knows, maybe the Kia assembly lines are technically producing the 2019s right now, but we still have 2018 GT2 models that were already made arriving. You can't special order a Kia in the USA though. You can only make a request which gives that dealership a higher chance that specific car will be allocated to them.

 

[John Berger]

@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.

Thanks Guys! My own financial modelling tells me the increased MF (from .00125 (3%) to .00210 (5%)) on a 36 month lease and the increase in RV (from 52% to 53% raises the monthly lease PMT from a monthly $487 to $531. More importantly, for those considering the lease/quick buyout option, it raises the monthly interest ("rent") component from $85/mo to $144/mo. So each month you wait to pull the trigger on the lease/buyout costs you an additional $59. My calcs are using a $52,000 MSRP, a $50,000 purchase price, no sales tax (here in NH), the (new) $7,000 rebate, a $1,000 downpayment, a $1,000 trade-in allowance, no loan payoff on a prior car, and $500 in assorted dealer/ripoff fees. I'm OK with a general lease rate increase as interest rates have been rising in accordance with the Federal Reserves recent money tightening policies, but 2% on the relative short term of the interest rate curve seems a little excessive. The RV increase of 1% (52% to 53%) seems like an attempt to partially offset the increase in MF and reduction in rebate ($7,200 to $7,000).

Still the conclusion remains the same: Lease it & then buyout the lease contract.

BTW, If anyone wants the EXCEL financial model I created, please let me know and I'll be glad to forward it. Also, if someone more technically adept knows how to upload it as a link on the Stinger website, I'll be happy to provide it for general use.

HTH!