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Lease then Buyout - Contract Explanation

Discussion in 'How to Buy a Kia Stinger' started by Mach_Tuck, Feb 19, 2018.

  1. ignorerant

    ignorerant United Kingdom New Member

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    Is there any way for a resident of Texas to take advantage of the Lease-to-Buyout method of cost savings?
     
  2. Jay B.

    Jay B. United States Newish Member

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    @ignorerant Yes, you can do a balloon loan through the dealership to qualify for the lease incentives and then pay off the baloon loan early to avoid interest. There are many posts on here prior with people doing this. Just search balloon and texas. Good luck.
     
  3. rytabb

    rytabb United States Newish Member

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    Hoping someone can help me calculate what my lease buyout would be as I just got a quote on a new 2018MY GT2 (Buying in Nevada, registering in California).

    MSRP: 50,150

    Negotiated Price: 42,500

    Rebate: 10,000

    Sales Tax: 2,146.22

    Doc Fee: 499.50

    Other Fees: 197.25

    Net Price: 35,343.47

    Net Residual 26,579

    Thanks for all your help!
     
  4. Ruturaj

    Ruturaj United States Stinger Enthusiast

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    Location:
    Raleigh, NC
    35,343.47 - (monthly payment x months you wait to buyout) + interest for those months

    Seems like your monthly payment would be close to 390

    You will pay first monthly payment when you start the lease

    Your buyout after that would be close to 35,200

    Approximate numbers.
     
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