The sadest of days.......

[KiaofMuncie]

Damn man.......So sorry. I'd cry. Twice.

 

[StingEm]

Yeah so sorry to hear that. It is devastating. I can feel your pain. I hope/pray your insurance takes care of this.

I am in Denver too. Superior Kia(Arkansas) had this car on a Balloon program(kia finance). When I saw this color on their website I was really tempted to buy the very same car but I wasn't too sure about the Balloon program.

The balloon financing deals are much better than the lease deals for a few reasons. You don’t pay any origination or buyout fees, they are easier to buyout (your name is already on the title, so once you write the check for the buyout amount they only have to send you a payoff letter to take to the tag agency), no mileage statement nonsense is needed, and taxes are easier to figure out (your name is on the title from the start).

They are also easy to immediately refinance if you want to go that route.

The main downside is that you would have to buy from a state that offers them. Arkansas and Oklahoma are the only states that I know offer the balloon+cash rebate for sure.

 

[StungBlueGT2]

The faint of heart my want to turn back now, this post will contain pictures that are borderline NSFL of my 6 day old Ceramic Silver Stinger GT2 completely and utterly destroyed by hail......

Six days ago I flew down to Arkansas to buy a brand new Stinger GT2 that had a ridiculous deal going on ($42500!, fully loaded AWD GT2), fell head over heals for it over the next 12 hours as I drove it home to Colorado.

Here she is:
View attachment 8800


A work of art!

Then tonight Colorado decide that I don't deserve nice things so over a period of 15 minutes it chucked nearly baseball sized hail at it from the sky. Normally it would be in the garage but I am moving tomorrow, so the garage is full of my stuff for one night and this happens: View attachment 8796 View attachment 8797View attachment 8798 View attachment 8799

Truly the saddest of days....

Omg ouch and I’m soooo sorry! I don’t know what I would do with myself if that happened...

 

[Beta]

Yeah so sorry to hear that. It is devastating. I can feel your pain. I hope/pray your insurance takes care of this.

I am in Denver too. Superior Kia(Arkansas) had this car on a Balloon program(kia finance). When I saw this color on their website I was really tempted to buy the very same car but I wasn't too sure about the Balloon program.

Ya so that is my exact car I am sure. The nice thing about the balloon financing is you can refinance after 3 months if you want to get out of it without losing the discount, I actually talked to my credit union before buying it and they ran a soft credit check and basically said they would be happy to refinance it for me if I want to as soon as my three months are up. So I went for it

 

[phxgt]

Aww man, that bites. I lost an Acura to a hailstorm 8 years ago here in Phoenix. Mine was so bad that insurance totaled the car and will me a check. Good luck!!

 

[StingEm]

Ya so that is my exact car I am sure. The nice thing about the balloon financing is you can refinance after 3 months if you want to get out of it without losing the discount, I actually talked to my credit union before buying it and they ran a soft credit check and basically said they would be happy to refinance it for me if I want to as soon as my three months are up. So I went for it

Don’t listen to the dealer’s 3 month nonsense. You can pay off / refinance as soon as it shows up on the KMFusa website (even before you get your first statement). This will save you a couple hundred a month in interest, unless you refi in which case you’ll just save the difference in the interest rates.

 

[niko]

damn im so sorry, my heart breaks when i saw the pics!!!

 

[MerlintheMad]

Ma Nature, the biggest, meanest practical jokester. I hope that your insurance rescues you in fine fashion.

 

[eflyguy]

Hey guys (and gals), the financing discussion is off topic, and that's perfectly OK, but it has value. I think if we split it out with a descriptive title of its own, somebody might find it valuable.

Thoughts?

 

[Beta]

Don’t listen to the dealer’s 3 month nonsense. You can pay off / refinance as soon as it shows up on the KMFusa website (even before you get your first statement). This will save you a couple hundred a month in interest, unless you refi in which case you’ll just save the difference in the interest rates.

That is good to know! Thanks.

 

[StingEm]

Hey guys (and gals), the financing discussion is off topic, and that's perfectly OK, but it has value. I think if we split it out with a descriptive title of its own, somebody might find it valuable.

Thoughts?

The balloon financing discussion has been gone over in the lease/financing threads too. The main problem is that every thread “balloons” into hundreds of posts and even if someone managed to read every post in a thread they would forget half of them by the time they reached the end.

To your point I’m not sure that there is a separate thread specific to balloon financing yet. So maybe it would be useful.