Lease Deal Persistence Question

[Kosh]

I know no one can say for sure, but no one thinks that the lease deal is going to get worse by the middle of this year right?

I got offered $565 a month 1065 at signing taxes and fees all in 36 months 12k miles a year on a GT2, but still have 4 months left on my Infiniti Q50 lease and dont feel like eating those payments.

Just want to know if everyone feels the prices like that will hold probably into june - august area. I have a hard time seeing them getting worse but would like some other opinions.

I could always do a Q50 Red Sport AWD for even less than that and get my remaining payments forgiven since infiniti seems to always offer 0.0003 money factor.

Also doesnt seem like Kia has any deals that cover early lease pull outs for rival brands or conquest cash

 

[iclicku]

Don't have a crystal ball but the current lease deals and money factors have been pretty steady since December. KIA doesn't currently offer conquest offers from other luxury brands at the moment.

 

[Rufus]

Don't have a crystal ball but the current lease deals and money factors have been pretty steady since December. KIA doesn't currently offer conquest offers from other luxury brands at the moment.

...though admittedly, that would be smart on Kia's part to do so....

 

[iclicku]

...though admittedly, that would be smart on Kia's part to do so....

Don't get me started on how "smart" KIA is being with this car...lol

 

[Weareblondi]

well, i just got back from my dealership and they are offering lease upgrades. not sure if it is only for kia products to rollover your lease into a new kia, or for any leased vehicle. as for price, unless you aren't going to keep your stinger, i would take the lease, and like other, more intelligent forum members had posted, to wait until kia leasing has contacted you and to then buy the car from them and get something like $7 grand in rebates. as an aside, when we were haggling with the salesman, he said he could get us into the stinger with a lease price of 425 with 5 grand down. 3 yr/36 month/ 40k miles.

 

[thewevel]

You can get a $1 monthly lease payment if you put $52000 down. They aren't doing you any favors by eating your remaining payments (they get added to the deal) or giving you some crazy monthly number with a huge down payment.

 

[STNGRNV]

Yeah, I would probably wait the 4 months, or if I was in hurry, then I'd just pay the last 4 payments at once and be done with it. It is possible that the lease deals could get worse if you are type who is going to lease then do a buyout. I'm waiting until late summer or so to pull the trigger and if the pricing gets worse, I'll settle for something else.

 

[Kosh]

I'm waiting at least 2 months, till I close in on my mileage allotment, just hoping that prices go down or stay the same rather than up. (the money factor on these is damn high)

 

[iclicku]

He

I'm waiting at least 2 months, till I close in on my mileage allotment, just hoping that prices go down or stay the same rather than up. (the money factor on these is damn high)

Hence why many of us leased the car and bought it out a month later.

 

[Kosh]

He

Hence why many of us leased the car and bought it out a month later.

I get that on math tho its relatively close to just go through a year or 2 of the lease and buy it out? (a little bit but not much more expensive). Some bad experiences with a Mini and Cadillac in my family make me a bit wary of buying out a car till I feel confident i wont be buying into long term issues (paranoid I know)

 

[iclicku]

I get that on math tho its relatively close to just go through a year or 2 of the lease and buy it out? (a little bit but not much more expensive). Some bad experiences with a Mini and Cadillac in my family make me a bit wary of buying out a car till I feel confident i wont be buying into long term issues (paranoid I know)

Oh you can do whatever floats your boat brother. We just did what we did so we avoid the money factor interest and also take advantage of the lease cash. You can wait til end if you want, you just lose all the lease rebate that KIA gave you in the first place. Can't put a price on your peace of mind so you do how you do. Good luck!

 

[Kosh]

You guys are getting 0% financing buying out the lease deal from a 3rd party?

 

[iclicku]

No one is getting 0% anywhere in the US. Lowest tend to be around 2.75% for 60-72 mo at local credit unions. Big banks are around 3%

 

[Litemup]

I know no one can say for sure, but no one thinks that the lease deal is going to get worse by the middle of this year right?

I got offered $565 a month 1065 at signing taxes and fees all in 36 months 12k miles a year on a GT2, but still have 4 months left on my Infiniti Q50 lease and dont feel like eating those payments.

Just want to know if everyone feels the prices like that will hold probably into june - august area. I have a hard time seeing them getting worse but would like some other opinions.

I could always do a Q50 Red Sport AWD for even less than that and get my remaining payments forgiven since infiniti seems to always offer 0.0003 money factor.

Also doesnt seem like Kia has any deals that cover early lease pull outs for rival brands or conquest cash

That’s a pretty low MF. I have .00011 with Lexus although that’s with 9 SD’s.
I’m in the same predicament as yourself. My lease is up in about four months. I think I’m gonna hold off until the G70 arrives and see what Genesis offers.

 

[Kosh]

That’s a pretty low MF. I have .00011 with Lexus although that’s with 9 SD’s.
I’m in the same predicament as yourself. My lease is up in about four months. I think I’m gonna hold off until the G70 arrives and see what Genesis offers.

I saw the g70 at the ny auto show definitely feels more polished than a stinger but also feels significantly smaller in the back seat ... especially the trunk area too ..

with my luck tho that will be a way better lease deal

 

[Waynerm002]

I think KIA had no plans on selling a lot of these cars. For the price point, being close to the K900 and seeing how it did when it was launched here, they figured there would be some that would get it but not many. Their design brought a lot of us in while we waited for them to give some "go" to match the "show". The 2.0T in a lot of our opinion should offer more power however, until that changes it is still quite a bargain with the cars it competes with. The 3.3T just about kills all the competition out there and while the economy numbers aren't that great, the fact that this things drive and handles like a German sport sedan while being larger and costing a lot less with a lot of options.

Now if they were smart (and this might happen later), they would increase production and offer folks a competitor cash for coming over (although based on price and performance, they don't need to) like they did when they introduced the Optima back in 2011. Of course better lease numbers would be appreciated but once the 2019's start rolling in with more exterior and interior colors, I think sales will get even better if the dealers stop doing the crazy mark up they did when they first came out. Hang in there for a couple more months, they will have 2018's sitting around that they will be discounting to move.

 

[Kosh]

well, i just got back from my dealership and they are offering lease upgrades. not sure if it is only for kia products to rollover your lease into a new kia, or for any leased vehicle. as for price, unless you aren't going to keep your stinger, i would take the lease, and like other, more intelligent forum members had posted, to wait until kia leasing has contacted you and to then buy the car from them and get something like $7 grand in rebates. as an aside, when we were haggling with the salesman, he said he could get us into the stinger with a lease price of 425 with 5 grand down. 3 yr/36 month/ 40k miles.

this included taxes? And what trim?

 

[Ron]

I had 4 months left on my 2015 Genesis and Kia took it and leased me a GT2 AWD for $650.00 10000 miles 36 months.
$1000 up front for 1st month payment including taxes etc.
I thought that was fair.
Thoughts anyone?

 

[NYLAWBIZ]

People have to stop buying lease payments and start buying a car. A lease is just a form of financing. Buying a car is actually three transactions: (1) sale of trade-in; (2) purchase of a new car; and (3) financing the purchase. Negotiate each separately and you will be able to get the best deal. Allow the dealer to roll all three together, and you have no idea whats going on and will not get the best deal. Simple as that.