Want advice on leasing a Stinger

runfromcheney09

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Hi guys, I'm new to the forum and looking to lease a Stinger and wanted to ask your advice. I am located in SE Michigan looking at either a 24 or 36/mo, 10K a year lease on a GT1 or GT2.

Some background: I have a Golf GTI I'm looking to replace with something bigger and more comfortable, but still just as fun to drive. I drifted to the Stinger since I own an Optima as well and it's been a great, trouble free winter car. I've experienced for myself that Kia has come a long way from the disposable shopping carts they used to build. I love the Stinger's styling and it impressed me when I drove it, I give kudos to Kia for stepping up to build the budget Audi VW doesn't want to sell anymore. I'm pretty much sold except.....

Dealing with Kia dealers so far have been a nightmare. The excellent dealer I bought my Optima from is rather far away and doesn't stock Stingers so I had to look elsewhere. Both dealers I have gone to so far have quoted me over $600/mo then got super pushy. (My credit score is over 720 and I'm not upside down in my trade, so neither of those are a factor). The second dealer was particularly egregious: Quoted me $650, When I was ready to leave he told me if I buy today I will get an extra $2K discount and that brought the payment down to $560, within range of what Kia's lease calculator was telling me. Since that confirmed my suspicion that he pulled the first batch of numbers out of his behind (a $2K capitalized cost reduction drops the payment by $90 on a 36 month?! Really?) I left.

I see plenty of people talking about getting Stinger GT1 or even GT2 leases in the mid $500s or even lower, but every dealer I go to quotes me over $600 and treats me like a moron. Went to a third dealer yesterday, they quoted me this on a Panthera Metal GT1: $2,500 dealer discount, $6,300 rebate, $1K down (To cover the closing costs, any left over reducing the capitalized costs) on a 36 month lease at 10K miles a year, $605 a month. The salesman then tried pushing me towards a white four cylinder they're trying to clear out. Tomorrow I am going to another Kia dealer which has a GT1 and GT2 in Aurora Black (my preferred color), is advertising dealer discounts $1K higher than the other dealer and is a TrueCar dealer, I'll see what they put in front of me.

Are my expectations unrealistic? Is Kia's lease calculator as accurate as an Enron financial disclosure and I'm anticipating a low payment I'll never get? $600/mo is the price of admission for a GT and if I don't like it I should get a 4 cylinder? Or are the numbers I'm getting from these dealers indeed padded? Is there anything else I could be doing to try to get these numbers down or do Stingers just lease that badly?
 
Tomorrow I am going to another Kia dealer which has a GT1 and GT2 in Aurora Black (my preferred color), is advertising dealer discounts $1K higher than the other dealer and is a TrueCar dealer, I'll see what they put in front of me.
I think that you'll score.

My dealer gave a c. $3K discount. I took 15K and my base payment was $587. So I think you're seeing padding.
 
This is funny, I joined today to ask the same question. I'm also coming out of a GTI. What did they offer you on the trade in?
The best offer I have found so far is 2k at signing and 629 per month on a GT2. Thats not in line with what I'm seeing on this forum. Another guy offered me one that the manager had been driving with around 5k miles on it for 589 a mo with 2k down. Huge bummer lol
 
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Hi, @davey2shoes welcome to the forum. I didn't haggle price. And then I bought out the lease at three months and saved over $5K on lease rent. Going forward, I'd try for buying with the biggest dealer discount I could wangle and pay cash. After dealer "fees" and whatnot added back in, my Kia lease incentive mostly went away, anyway, so not worth the hassle.
 
I think that you'll score.

My dealer gave a c. $3K discount. I took 15K and my base payment was $587. So I think you're seeing padding.

Went there, they quoted me $750 a month with $1K down on a 36 month lease with 10K a year. No breakdown, no nothing, just $750/mo scrawled out on a piece of paper in sharpie. I demanded a breakdown in the numbers and he refused to give me one said it's the dealer's "policy" not to give one. When I told him his numbers make no f*****g sense and that another dealer quoted me $600 a month for the same lease on the same car before haggling he went back to his desk, he magically reduced the payment to $595 a month on the same terms. Still refused to give me a breakdown, he just kept scrawling shit with a Sharpie. It goes without saying I walked out. Tomorrow morning I am going back to the dealer I went to on Saturday to see if I can haggle the price down on their GT.

Can you tell me more about how you bought your lease out after three months? I am considering doing something similar.
 
From interior to exterior to high performance - everything you need for your Stinger awaits you...
Can you tell me more about how you bought your lease out after three months? I am considering doing something similar.
When your car info is active on the Kia Finance site, Kia Motors Finance - Log In To Your Account after you are logged in, you can hover over the "Payments" tab at the top of the account page, and at the bottom of the dropdown is the option, "Get A Buyout Quote". This amount reduces each month throughout the lease as you make payments. Obviously, if you do the buyout right away you only make the initial payment at the dealer and probably one more payment. There was a $300 buyout fee added to any sales tax. Some states require you to pay sales tax on the lease and again on the buyout; I don't know how that works where you live. I wrote a cheque to HCA Exchange, Inc. and c. a month later I had the title arrive in the mail.
 
$508 per month/ $4500 at signing/3 year/10k lease 2019 GT1 Ceramic/Red ( wife's car, had to have color combo so dealing was tough ). Lease based on 11K under sticker but I have no idea how leases really work so I just looked at the bottom line and it felt good for a car we both love.
 
Welcome Dan. 11K under MSRP does sound like a good deal. :thumbup:
 
$508 per month/ $4500 at signing/3 year/10k lease 2019 GT1 Ceramic/Red ( wife's car, had to have color combo so dealing was tough ). Lease based on 11K under sticker but I have no idea how leases really work so I just looked at the bottom line and it felt good for a car we both love.

Check out this video for general lease questions.


The Stinger is an interesting car for leases. There are substantial discounts that the leases offer but the interest rate is extremely high.

You don’t want to put money down on a lease. It may save you a little on interest but that upfront money can cost you in the end.

The biggest discounts for Stinger leases are on the AWD GT2 Stingers right now. That is at $9900 plus whatever the dealer will discount the car for.

Check out the website below to ask what incentives are available for the car you are looking at.

2019 Kia Stinger Lease Deals and Prices - Page 25
 
Hey, Travis, thank you for taking the time and effort to produce this very well put together buy/lease tutorial. I'm sure it will be very helpful to those who pay attention to your guidance.

Come the end of Sept I plan on negotiating a lease for a 2019 RWD GT2. And once the lease is signed, I plan on buying it out. I've researched my question, but to no avail. So, here it is: I'm in SE Florida and would like to know if I will be taxed (again) on the buyout?
Thanks.
 
From interior to exterior to high performance - everything you need for your Stinger awaits you...
Hey, Travis, thank you for taking the time and effort to produce this very well put together buy/lease tutorial. I'm sure it will be very helpful to those who pay attention to your guidance.

Come the end of Sept I plan on negotiating a lease for a 2019 RWD GT2. And once the lease is signed, I plan on buying it out. I've researched my question, but to no avail. So, here it is: I'm in SE Florida and would like to know if I will be taxed (again) on the buyout?
Thanks.
In Florida you are taxed by month. If you buyout the lease, you will be taxed on the buyout price. You have to do the transaction through a dealership so there may be extra charges from them. I don't know for sure but maybe extra dealer fee?
 
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