Test drove Stinger GT

[MarkyMark]

I haven't got the answer to that but I'm sure it's somewhere in the FinePrint , I'm still waiting for them to find a white one . But I have been told by more than one salesman , take salesman into consideration , that this can be done how long you have to lease don't know they say 3 to 4 months I'm thinking more Like a year which should get you about 5 to 6 grand off . It's a nice nugget if it is there, I am just trying to get the deal done by February 28 when the offer expires. As it starts getting into the year it may go away altogether so I want to jump on it now . Even if the six-month buy out is BS the $7200 bonus will more than cover the rental Fee that is in the contract which is about $4500-$5000 on 36 months so that leaves you about $2200 or if you're a vet $2600 off of the $34,950 . So I don't think it's too bad whichever way it goes it's better than a sharp stick in the eye . If you've already leased yours I guess you need to sit down and read the fine print see if there is anything in there about buying it out and the rebate , if there is let us all know if this is true then I'll put a little bit more money down to lower the back end . Now these figures are on a GT to all-wheel-drive which seems to have the highest rebate , bonus ,whatever they referred to it as . Hope this helped a little . When your brain starts getting warped from crunching the figures, just get in it Drive it , enjoy it , Life is short and nobody gets out alive .

So I'm getting some specifics from a dealer, as I was initially told it was 3 months payments that must be made before I could buy out the entire 36 month stream of payments at once, and then purchase the car. But they are validating that for me. And of course, READ the actual agreement to make sure that's legally the case!!!

The GT (I'm looking at a GT w/Safety Package) invoice w/destination, comes to $38,699... Come the Fall I should get a few dealers in my area to move to $39,000 down from the $41,250 retail. Now, assuming lease cash is around today's $5,400 for a RWD GT, that brings the negotiated price to $33,600.

At that point it's all about the Money Factor, and the negotiated Price the vehicle will cost after the lease. But I've run the numbers and this can save thousands of dollars over a purchase, even at Kia's 0.0% financing.

 

[Mhol]

I went today to my local Kia dealership here in Birmingham, Alabama. Being that I have my K900 service at Serra Kia in Trussville, Al. I simply asked one of the young sales reps, Isaiah is they had a Stinger GT I could test drive. He went to the sales manager, who stated that I could and would be the first to do so. The Stinger in my personal review is everything the K900 should have been and more.While test driving the Stinger I must say it was a joy ride for the ages. The electronic steering, while driving in sport mode was effortless in changing lanes and going around tight turns, very slight hand movement , like stroking a babies behind. Acceleration with no lag whatsoever, whatever i drove over couldn't and didn't feel it at all. Sound system, is damn! I,m considering leasing, I just not into paying for depreciation. Oh! by the way there is a coupe version of the Stinger that maybe release between 2019 & 2020....

As much as I want the Stinger, I am thinking about waiting also. The K900 is on my list. Used of course.

 

[Aquadog]

So I'm getting some specifics from a dealer, as I was initially told it was 3 months payments that must be made before I could buy out the entire 36 month stream of payments at once, and then purchase the car. But they are validating that for me. And of course, READ the actual agreement to make sure that's legally the case!!!

The GT (I'm looking at a GT w/Safety Package) invoice w/destination, comes to $38,699... Come the Fall I should get a few dealers in my area to move to $39,000 down from the $41,250 retail. Now, assuming lease cash is around today's $5,400 for a RWD GT, that brings the negotiated price to $33,600.

At that point it's all about the Money Factor, and the negotiated Price the vehicle will cost after the lease. But I've run the numbers and this can save thousands of dollars over a purchase, even at Kia's 0.0% financing.

The fall is a good time to start looking at that line of discounts. I’m at the age, that he stop thinking about next fall Or even next year, it’s Do or don’t . May I suggest that if you are waiting until the fall , with that much time I suggest you go out and test drive a AWD and experience the difference in handling it might be surprised . Good luck in your endeavor .

 

[mikeceli]

Agreed! The biggest thing currently with Kia going into the upscale market is getting manufacturing in the U.S. This in fact is being work on in California with a plant opening in 2019. I'm glad that there is buzz from Kia dealerships running commercials that they're pushing sales for the Stinger. It would help sales growth if Kia ran advertisements like other manufacturers. The lack of advertisements hurt sales for the K900 and Cadenza.

Who in there right mind would open a veh manufacturing plant in regulation/litigation/environmental prone cali?

 

[MarkyMark]

Who in there right mind would open a veh manufacturing plant in regulation/litigation/environmental prone cali?

It would have to be MASSIVELY Automated. MASSIVELY. And this IS what massive taxation, regulation does, kills the labor force. I agree. Cali is a mess. Oregon's bad enough and trying hard to cause businesses to leave, and once the $15 min wage is tapped out, in about a year from now, manufacturing will be bolting to Idaho, CO, MT, UT, AZ, it already is... Alabama,SC or TX is a good place to start!

 

[MarkyMark]

The fall is a good time to start looking at that line of discounts. I’m at the age, that he stop thinking about next fall Or even next year, it’s Do or don’t . May I suggest that if you are waiting until the fall , with that much time I suggest you go out and test drive a AWD and experience the difference in handling it might be surprised . Good luck in your endeavor .

I have test driven a 2.0L Premium. Then a few weeks later I went an test drove a GT2 AWD. Wow. Awesome! For weather I might go AWD, as it's pretty biased to rear wheel operation, and I'm not going to be drifting to work any time soon...

Pricing concerns, I've gotta stick with maxing out with the GT RWD, and adding the safety package.

 

[Kia Stinger]

Who in there right mind would open a veh manufacturing plant in regulation/litigation/environmental prone cali?

Welcome aboard, @mikeceli! Thank you for signing up!

 

[Aquadog]

So I'm getting some specifics from a dealer, as I was initially told it was 3 months payments that must be made before I could buy out the entire 36 month stream of payments at once, and then purchase the car. But they are validating that for me. And of course, READ the actual agreement to make sure that's legally the case!!!

The GT (I'm looking at a GT w/Safety Package) invoice w/destination, comes to $38,699... Come the Fall I should get a few dealers in my area to move to $39,000 down from the $41,250 retail. Now, assuming lease cash is around today's $5,400 for a RWD GT, that brings the negotiated price to $33,600.

At that point it's all about the Money Factor, and the negotiated Price the vehicle will cost after the lease. But I've run the numbers and this can save thousands of dollars over a purchase, even at Kia's 0.0% financing.

Thanks for the info appreciate i

 

[Aquadog]

As much as I want the Stinger, I am thinking about waiting also. The K900 is on my list. Used of course.

If you can still find a new one they're offering like $14,000 rebate check it out .

 

[Aquadog]

If you can still find a new one they're offering like $14,000 rebate check it out .

That is on a lease .

 

[MarkyMark]

Thanks for the info appreciate i

I've run the numbers throughly. There was a problem with my math - unfortunately... They take the Capital Cost AND the Depreciation (what you've finance over 36 months) and put the two together and multiply by .00199 (or close - basically about 4.8% annual interest rate). It is a crazy high figure, and it completely washes out $4,800 in Lease Cash. Add in early buyout fees ($300 or $600 depending on the lease) and it ends up being a slightly better move to just buy with .9% financing. There is a reason a lease is called a fleece. Granted, if you can write-off a lease, or your company gives you $XXX for a monthly car allowance, or you can find an actual decent program promotional lease, or you just have the money, go for it. Just not for me. And unfortunately, it's pretty hard to use lease cash and use it to buy a car. At least right now with the rate and the lease cash amount for the GT I want... Hmm... Rebates with fall/winter anyone?

 

[Never thought]

I've run the numbers throughly. There was a problem with my math - unfortunately... They take the Capital Cost AND the Depreciation (what you've finance over 36 months) and put the two together and multiply by .00199 (or close - basically about 4.8% annual interest rate). It is a crazy high figure, and it completely washes out $4,800 in Lease Cash. Add in early buyout fees ($300 or $600 depending on the lease) and it ends up being a slightly better move to just buy with .9% financing. There is a reason a lease is called a fleece. Granted, if you can write-off a lease, or your company gives you $XXX for a monthly car allowance, or you can find an actual decent program promotional lease, or you just have the money, go for it. Just not for me. And unfortunately, it's pretty hard to use lease cash and use it to buy a car. At least right now with the rate and the lease cash amount for the GT I want... Hmm... Rebates with fall/winter anyone?

I did the same math when I considered leasing and buying at the end of the lease. Even with the lease cash it was significantly more.

 

[Rufus]

Of course, no one on this forum would ever try and take advantage of that discount without actually having served, right? At least I hope not...

 

[Aquadog]

Update , you do have to show your discharge papers. I think it took me $399 worth of time finding the thing .

 

[Aquadog]

I've run the numbers throughly. There was a problem with my math - unfortunately... They take the Capital Cost AND the Depreciation (what you've finance over 36 months) and put the two together and multiply by .00199 (or close - basically about 4.8% annual interest rate). It is a crazy high figure, and it completely washes out $4,800 in Lease Cash. Add in early buyout fees ($300 or $600 depending on the lease) and it ends up being a slightly better move to just buy with .9% financing. There is a reason a lease is called a fleece. Granted, if you can write-off a lease, or your company gives you $XXX for a monthly car allowance, or you can find an actual decent program promotional lease, or you just have the money, go for it. Just not for me. And unfortunately, it's pretty hard to use lease cash and use it to buy a car. At least right now with the rate and the lease cash amount for the GT I want... Hmm... Rebates with fall/winter anyone?

I've run the numbers throughly. There was a problem with my math - unfortunately... They take the Capital Cost AND the Depreciation (what you've finance over 36 months) and put the two together and multiply by .00199 (or close - basically about 4.8% annual interest rate). It is a crazy high figure, and it completely washes out $4,800 in Lease Cash. Add in early buyout fees ($300 or $600 depending on the lease) and it ends up being a slightly better move to just buy with .9% financing. There is a reason a lease is called a fleece. Granted, if you can write-off a lease, or your company gives you $XXX for a monthly car allowance, or you can find an actual decent program promotional lease, or you just have the money, go for it. Just not for me. And unfortunately, it's pretty hard to use lease cash and use it to buy a car. At least right now with the rate and the lease cash amount for the GT I want... Hmm... Rebates with fall/winter anyone?

I came up in about the same ballpark on the GT 2 AWD . Save about 2500 bucks, but if you opt to finance the 26,711 at the end of the lease it's just about a wash six of one 1/2 dozen of the other close enough for government work. Thanks for the info

 

[MarkyMark]

I came up in about the same ballpark on the GT 2 AWD . Save about 2500 bucks, but if you opt to finance the 26,711 at the end of the lease it's just about a wash six of one 1/2 dozen of the other close enough for government work. Thanks for the info

Yah, the bottom line is it's a lot of extra work vs purchasing outright, and you may get to pay a bit more with all the fees they have in doing this. Fun times.

 

[Aquadog]

Yah, the bottom line is it's a lot of extra work vs purchasing outright, and you may get to pay a bit more with all the fees they have in doing this. Fun times.

Yes will be in Portland tomorrow to pick up my stinger

Yah, the bottom line is it's a lot of extra work vs purchasing outright, and you may get to pay a bit more with all the fees they have in doing this. Fun times.[/QUOTE

Well tomorrow I'm going to put aside all the numbercrunching fly to Portland to pick up my new GT 2
AWD Snow white pearl , why Portland because that color in that model does not exist in California yet. So yes tomorrow fun times begin .

 

[MarkyMark]

Yes will be in Portland tomorrow to pick up my stinger

Aquadog, which dealer did you go with? If you want to share, let us all know what finance rate and end-price you paid for your GT 2 - great information for people to learn about! Thanks and congratulations.

 

[Aquadog]

Yes will be in Portland tomorrow to pick up my stinger

As far as the price goes I just went off the Kia website you build it gives it a final price then tap on little calculator up in the right-hand corner and it gives you to options buy or lease . I went with the lease bye-bye gave you $700 off sticker. The lease got me $7600 rebate With a $26,711 Buy out at the end of the lease plus tax . I'm really not sure on the percentage that they charge you on the money that you borrow on the lease or that they loaned you it's not much around 1% but I've sat down and crunch the numbers too many times to remember but it just about washes the same . Do you have to see what works for you if you want your lease payments low he just put more down it doesn't make any difference if you put more down or the minimum 2000 down at the end of the lease you pay the same amount of money , after crunching the numbers a bunch of times I realized it was all relevant didn't make any difference if you put more money down or less y'all came out the same at the end of the 36 months . If you pay cash at the end of the lease you've probably saved $25-$3000 If you have to finance at 26 it's gonna come out real close to if you bought it , from the interest you will have to pay on the $26,000 loan . MarkyMark seems to have Ranett down to the last penny check his post out . Good luck .

 

[MarkyMark]

As far as the price goes I just went off the Kia website you build it gives it a final price then tap on little calculator up in the right-hand corner and it gives you to options buy or lease . I went with the lease bye-bye gave you $700 off sticker. The lease got me $7600 rebate With a $26,711 Buy out at the end of the lease plus tax . I'm really not sure on the percentage that they charge you on the money that you borrow on the lease or that they loaned you it's not much around 1% but I've sat down and crunch the numbers too many times to remember but it just about washes the same . Do you have to see what works for you if you want your lease payments low he just put more down it doesn't make any difference if you put more down or the minimum 2000 down at the end of the lease you pay the same amount of money , after crunching the numbers a bunch of times I realized it was all relevant didn't make any difference if you put more money down or less y'all came out the same at the end of the 36 months . If you pay cash at the end of the lease you've probably saved $25-$3000 If you have to finance at 26 it's gonna come out real close to if you bought it , from the interest you will have to pay on the $26,000 loan . MarkyMark seems to have Ranett down to the last penny check his post out . Good luck .

I've crunched the numbers and ditto, it's about a wash with their current lease cash they give you, vs buy. But you have the flexibility.

I wondered "wait, if it's a wash, and they took $4800 or $5600 or $7600, where is that going?" The problem is Kia Financial takes the Residual value and adds that to the depreciation cost (the 36 month portion with interest), adds them together then charges interest on BOTH of those figures and adds it to the 36 months of residual cost. The rate is about .00197 (on average). That's about a 4.7% annual interest rate.

I know not what the write off implications are for Kia or their financial wing, but the Financial wing of Kia is where the money is made, not on the sale. Thus, if car companies must make money via their financial arm (which is often shared with Citi or Bank of America, etc...) so be it. It's a flexible way to get a customer into a vehicle and continue moving cars.

And hey, if you turn it back in around 3 years later, they can release it or sell it and they've got a shot at getting a loan out of it again. So everyone can win.

If they did NOT have that huge lease cash available for you, then purchasing would have been the financial way to go.

Which dealer and color? Westin? Kia of Portland or Beaverton Kia?