Lease vs Finance Discussion

[BarryLI]

No money down?

Correct.

 

[Beege]

Barry, thanks for the info.

Any chance you have a photo of your lease deal? I'd love to take it to the dealership. Thanks

 

[BarryLI]

I'll get on it.

 

[BarryLI]

Sorry for the crummy pix, the yellow customer copy of the lease doesn't help the copy machine much.

 

[Beege]

Barry! Thanks so much!

 

[Beege]

Last question for clarification. That 649/mo already includes tax?

 

[BarryLI]

Last question for clarification. That 649/mo already includes tax?

Yes, sir, tax rate here is 8.875%. As you can see the first payment is $896.50 (first mo + DMV fees), followed by 35 payments of $649. The gross capitalized cost of the car is $49,343.69.

 

[Beege]

Thanks Barry. You've got some kind of screaming deal. I don't know if it's a NY thing or a CA thing but with the same starting price, rebates, zero down, residual, and even less taxes ending with a higher monthly payment.

 

[STNGRNV]

Well there's pictures up now. That thing is pretty. I was hoping it was a GT2. I think the GT1 actually does come in Panthera Metal. Guess there is still no hope of combos that aren't on the build and price.

Interestingly enough, Panthera Metal doesn't show up as an option on Kia's site for the GT1. but for the GT. Maybe the dealer's site is wrong.

Monthly including tax is 809

Beege that seems high, but I'm no lease expert.

 

[Jayce]

Interestingly enough, Panthera Metal doesn't show up as an option on Kia's site for the GT1. but for the GT. Maybe the dealer's site is wrong.

I don't think so. GTs don't have a sunroof and the GT1 does. That one in the pictures has a sunroof. And when the build and price first went live, it was the GT1 that had the Panthera Metal, not the GT, wasn't it?

 

[BarryLI]

There are now over 300 Stingers for sale in the NY metropolitan area, all models/colors are in. My local dealer has 6 in stock, no sooner did I drive away my red/black GT2 than a blue/gray GT2 landed the following day, such is life, right? Now that the numbers are flowing freely there should soon be deals to be had, and those mark-ups should go bye-bye.

 

[StingerGT68]

There are now over 300 Stingers for sale in the NY metropolitan area, all models/colors are in. My local dealer has 6 in stock, no sooner did I drive away my red/black GT2 than a blue/gray GT2 landed the following day, such is life, right? Now that the numbers are flowing freely there should soon be deals to be had, and those mark-ups should go bye-bye.

Planning on lease my GT this weekend! Still deciding on a color though. If they don't have my color, I'll just have them order it. Actual stock on the lot doesn't really matter, right?

The blue GT I have my eye on in NJ isn't my first choice but I'll use that to my negotiating advantage ("I'll drive this off the lot today if you hit my number!")

 

[bugaboo90]

I think you have answered this but I am too thick headed to understand. I am looking at leasing a GT2. What was the msrp for you car and what was your negotiated price?

Yes, sir, tax rate here is 8.875%. As you can see the first payment is $896.50 (first mo + DMV fees), followed by 35 payments of $649. The gross capitalized cost of the car is $49,343.69.

 

[BarryLI]

I think you have answered this but I am too thick headed to understand. I am looking at leasing a GT2. What was the msrp for you car and what was your negotiated price?

The MSRP was $52,410, my lease docs are in my office so I owe you an answer later. You know my payments, $896.50 down ($649 first month + $247.50 DMV fees) + 35 payments of $649 for a 3 year 12,000 miles per year lease.

 

[bugaboo90]

Thank you. No need for more info. I already bought it and am enjoying it.

The MSRP was $52,410, my lease docs are in my office so I owe you an answer later. You know my payments, $896.50 down ($649 first month + $247.50 DMV fees) + 35 payments of $649 for a 3 year 12,000 miles per year lease.

 

[BarryLI]

Thank you. No need for more info. I already bought it and am enjoying it.

Sorry for the late reply, was out of the country for a bit, glad you got it.

 

[bugaboo90]

Np biggie at all! I would have bought it regardless of your answer

All good

Sorry for the late reply, was out of the country for a bit, glad you got it.