Planning on Saving for Kia Stinger GT1

[AJ Kongmanichanh]

Hello Everyone,
I plan on getting a Kia Stinger GT1 as it said in the title. And my question is, Do the dealerships give you off more MSRP based on how much down you have? Or do they just keep trying to lowball the buyer?

The plan for me is to save about $10k-$15k or so and have that as my down payment (loan and all that stuff probably included most likely), and seeing as that it would be around 1/4 of the price of the car, my logic is that they'd try their damnedest to sell me it as I have the literal potential of walking away from that lot with that car.

But as I've read, some dealerships don't move, and some do. It's going to be really hard for me to pinpoint where exactly would be a good price. Because one post had this one person saying they had got about $7k off MSRP, that would seem nice to have, while another person on a social media platform had only around $1k off MSRP.

 

[GenesisG70]

They are moving 2018 but a 5k discount on a 2019 is good just take it these are awesome cars for the money anyways.

 

[MerlintheMad]

I don't understand the benefit of your poll, since, as you say, "some do and some don't". It's a crap shoot getting the dealer/buying experience that warms your cockles.

Here's what I think, after months of reading pretty near everything on this forum that comes along about getting a Stinger. When leasing you don't dicker monthly payment size; you don't put money down; and you don't keep the lease, you do the buyout. You said that you literally have the ability to drive away with the car, which I take to mean you could give them cash up front. That means that you could bargain for a maximized dealer discount first, then take Kia's lease incentive (whatever is left after the dealer adds back in "dealer costs and fees"); then do the buyout out before the second monthly payment. You'd be getting the most off the car possible that way.

The other way (the way I'd do it from now on) is to find the most discount available and then get a bit more for offering cash up front. Skip the lease altogether. From my reading it seems reasonable to shoot for ten percent discount total and expect to settle for less; but if you're buying last year's Stinger, you should expect anywhere from fifteen to twenty percent discount (including any Kia incentives of course), depending on the condition of the "new" car (miles, flaws or damage). If I had taken the $950 incentive for buying, plus my dealer's discount of $2,995, plus the additional $500 that they offered to take off MSRP for paying cash up front, that would have amounted to just under ten percent off MSRP for a brand new GT1 back in March. That would have been a really good deal. But, I was a babe in the woods and went for the bigger lease incentive. Doing the buyout at three months did save me over $4K in "lease rent" (the "privilege" of leasing) over the 36 months if I had kept the lease.

 

[Peeso33]

Hello Everyone,
I plan on getting a Kia Stinger GT1 as it said in the title. And my question is, Do the dealerships give you off more MSRP based on how much down you have? Or do they just keep trying to lowball the buyer?

The plan for me is to save about $10k-$15k or so and have that as my down payment (loan and all that stuff probably included most likely), and seeing as that it would be around 1/4 of the price of the car, my logic is that they'd try their damnedest to sell me it as I have the literal potential of walking away from that lot with that car.

But as I've read, some dealerships don't move, and some do. It's going to be really hard for me to pinpoint where exactly would be a good price. Because one post had this one person saying they had got about $7k off MSRP, that would seem nice to have, while another person on a social media platform had only around $1k off MSRP.

IMO (of course ymmv) if you have tier 1 credit.... it won't make a difference how much down you offer. The dealership is more than happy to take you money, the bank's money, the credit union's money, even their own mom's money to complete the sales. Usually amount of down payment only matters if you're having a hard time getting a loan for the car.

Now how much you can get off the msrp is whole other story... depends on supply and demand of the local area, end of month/end of quarter are usually better, incentives offered by kia vs the dealer, and a lot of the times it just depends on the alignment of the sun, moon and stars.

Finally, in the finance office, don't let them mark up the rate, whether it's a APR on the loan or MF on the lease, walk in informed. Don't buy dealer installed anything. 99% of the time you can do better on your own. Good luck. See you on the other side.

 

[Waynerm002]

As mentioned if you have good credit, you typically don't need money down unless you are looking to decrease the overall payment of the loan. Putting a big chunk of cash down on a car is not a good idea, if your car gets wrecked a month later and you have GAP (which you should on expensive cars, and don't pay a lot fr it either), the loan is covered but you will not get the deposit back.