Lease Incentive History by Month

[AYip31]

the list of the kia incentives by month i had a question about. where exactly are you guys pulling that from? i can only find 2500 customer cash for leases and would like something to show dealerships if they dont believe me about these incentives amounts that are posted here.

2021 Kia Stinger Incentives and Rebates | Autobytel.com

Find out what standard Incentives and Rebates are being offered on the 2021 Kia Stinger. See both cash rebates and financing rates for every trim and model.

www.autobytel.com

 

[ereyes99]

so i see 5300$ bonus cash as well as customer cash 2500$. are those seperate rebates that i add up or am i only allowed one rebate? sorry new to this and trying to do the math on how much dealer discount i need to justify buying new as opposed to buying a used stinger. thanks for reply btw

 

[AYip31]

so i see 5300$ bonus cash as well as customer cash 2500$. are those seperate rebates that i add up or am i only allowed one rebate? sorry new to this and trying to do the math on how much dealer discount i need to justify buying new as opposed to buying a used stinger. thanks for reply btw

I don’t believe they stack. But you can always just ask the manger

 

[ereyes99]

okay thanks again for the help. my current lease ends in july of next year so im gonna try and aim for a leftover 21 or 22 gt but just getting all my numbers and everything prepped ahead of time

 

[andyecon]

so i see 5300$ bonus cash as well as customer cash 2500$. are those seperate rebates that i add up or am i only allowed one rebate? sorry new to this and trying to do the math on how much dealer discount i need to justify buying new as opposed to buying a used stinger. thanks for reply btw

The incentives are tied to how you finance and sometimes whether you take a special interest rate or not. In general, you only get the lease cash if you lease and you can get that with the base money factor (search for the Edmunds lease forum to find out the money factors). If you finance, you may not be able to get both the cash allowance and the super low interest rates.

 

[Sabs]

Lease incentives for May are out.

The '22 models got a decent bump but are still low, historically.

The '21 model incentives decreased further. It could be that incentives aren't as necessary as expected to clear the remaining 2021's. Supply on all new cars has been lower recently, so they're all selling for higher prices.

It could also give us an indication that incentives on the '22 model will top out lower than where they're currently at on '21 models. So, we may not see $6k or much beyond that in incentives on '22 GT2's, even by the time they're replaced by 2023's.

 

[ereyes99]

Is it safe to assume the lease/buyout method is dead then?

 

[AYip31]

Is it safe to assume the lease/buyout method is dead then?

Yep

 

[Travis Wills]

Is it safe to assume the lease/buyout method is dead then?

Yes, the lease buyout option isn’t very beneficial anymore. However, the leases themselves are actually attractive now.

The residuals aren’t that high but these cars have been holding their values extremely well. They have also reduced the money factor/interest rates on the leases down to about 2% in some cases.

It is possible to get a 24 month lease with a decent payment now. It is higher than most people would be accustomed to but it is for only 24 months and if these cars keep holding their value it is possible that a person could sell their leased car for $5,000-$10,000 over the residual at the end of the lease. That would make for a very attractive overall lease cost.

 

[Ruturaj]

Is it safe to assume the lease/buyout method is dead then?

Sadly.

 

[BrianSTINGER2022]

Can someone explain why the LEASE BUY OUT option is dead over paying cash for the car no loan no interest? On the Current 2022 GT2 at $3900 lease incentive

 

[andyecon]

Can someone explain why the LEASE BUY OUT option is dead over paying cash for the car no loan no interest? On the Current 2022 GT2 at $3900 lease incentive

It depends on the allowance and interest rate you can get financing versus what rate you can get on a lease buyout from a credit union. I don’t think it is dead, but isn’t the bonkers deal that it was on 2019 and 2020’s. That said, it still makes the Stinger a killer value relative to other luxurious sport sedans, since those have gotten much stingier on discounts from what I can tell.

 

[BrianSTINGER2022]

It depends on the allowance and interest rate you can get financing versus what rate you can get on a lease buyout from a credit union. I don’t think it is dead, but isn’t the bonkers deal that it was on 2019 and 2020’s. That said, it still makes the Stinger a killer value relative to other luxurious sport sedans, since those have gotten much stingier on discounts from what I can tell.

What if there is no financing in play and no interest? Due to a cash buy vs Lease Buy Out ...

 

[AYip31]

What if there is no financing in play and no interest? Due to a cash buy vs Lease Buy Out ...

Lease buyout is just basically just taking advantage of the large lease rebate then buying it out a little later.
Kia, in their lease contracts allow to buyout the lease at anytime.
the buyout can be paid via traditional loan or cash
Lease rebate buyout is like a manufacturer rebate, just extra steps or hoops to jump through.

 

[AYip31]

Can someone explain why the LEASE BUY OUT option is dead over paying cash for the car no loan no interest? On the Current 2022 GT2 at $3900 lease incentive

Also if your thinking about going into a dealership and saying you are a cash buyer, not financing. You will not get any kind of a decent deal.
cash is not king, when buying a car

 

[BrianSTINGER2022]

So then it would still make since to grab what incentive they do offer if you are planning on doing a buy out

 

[andyecon]

What if there is no financing in play and no interest? Due to a cash buy vs Lease Buy Out ...

Then you should just get the best discount possible and compare out the door on purchase vs capitalized cost on lease (after adding sales tax).

that said, rates are like 2% from credit unions, so you may be better off financing it and putting your cash elsewhere!

 

[AYip31]

So then it would still make since to grab what incentive they do offer if you are planning on doing a buy out

You would have to calculate the estimate cost of each. Manufacturer rebate, financing offers, and lease rebate.
most states double tax, when doing a lease buyout. That’s why the lease rebate needs to be high enough to justified the tax and jumping through hoops.

 

[BrianSTINGER2022]

You would have to calculate the estimate cost of each. Manufacturer rebate, financing offers, and lease rebate.
most states double tax, when doing a lease buyout. That’s why the lease rebate needs to be high enough to justified the tax and jumping through hoops.

Gotcha Thanks

 

[BrianSTINGER2022]

Also if your thinking about going into a dealership and saying you are a cash buyer, not financing. You will not get any kind of a decent deal.
cash is not king, when buying a car

Good Point