Wanting a GT1 AWD in New Hampshire/Mass

[Fastdadnh]

Hey everyone brand new here. So after about 6 months of back and forth I've finally settled on buying a GT1 AWD stinger. I am coming from a Dodge charger R/T. Anyway long story short I don't need the stinger now but am able to purchase if th pricing is right. Any idea if presidents day would be good timing or would maybe waiting till spring tend to be a better time? I plan on buying not leasing. I have some dealers posting 41,700 for pricing on their website including the $2500 rebate. That seems like a good deal but do you realistically think there is more room to move on that? Thanks in advance for the advice!

 

[BostonGTS]

I got my AWD GTS in New Hampshire. Paid right around 40k.

 

[Fastdadnh]

I got my AWD GTS in New Hampshire. Paid right around 40k.

When you as that and what was the sticker on it? Who did you get I from? I'm looking for a good dealership that isn't hard to work with.

 

[Stingin' Away]

Hey everyone brand new here. So after about 6 months of back and forth I've finally settled on buying a GT1 AWD stinger. I am coming from a Dodge charger R/T. Anyway long story short I don't need the stinger now but am able to purchase if th pricing is right. Any idea if presidents day would be good timing or would maybe waiting till spring tend to be a better time? I plan on buying not leasing. I have some dealers posting 41,700 for pricing on their website including the $2500 rebate. That seems like a good deal but do you realistically think there is more room to move on that? Thanks in advance for the advice!

If you can find a new 2020 and don't care about having the newest car, find one of those. I bought mine new in June '20 for $38k OTD. Granted, it's only a GT so your $41,700 you're seeing is quite good. Is it a '20 or '21?

 

[BostonGTS]

When you as that and what was the sticker on it? Who did you get I from? I'm looking for a good dealership that isn't hard to work with.

I think sticker was 47k. I got it from Kia Nashua. We liked everyone we worked with. It was as good of an experience as you can expect buying a car.

 

[Fastdadnh]

I think sticker was 47k. I got it from Kia Nashua. We liked everyone we worked with. It was as good of an experience as you can expect buying a car.

Cant really find a 2020 anymore. That price was for a 2021

 

[Cjburn]

At that $41700 number youre doing pretty good. I am going to be buying one at 45k otd before trade, with 300 doc fee, 300 plates, and 3k or so in taxes.

 

[Nocostinger]

Hey everyone brand new here. So after about 6 months of back and forth I've finally settled on buying a GT1 AWD stinger. I am coming from a Dodge charger R/T. Anyway long story short I don't need the stinger now but am able to purchase if th pricing is right. Any idea if presidents day would be good timing or would maybe waiting till spring tend to be a better time? I plan on buying not leasing. I have some dealers posting 41,700 for pricing on their website including the $2500 rebate. That seems like a good deal but do you realistically think there is more room to move on that? Thanks in advance for the advice!

There is usually about $2,500 between MSRP and Invoice. Dealers usually have a $500 holdback below Invoice. If you catch them after a shitty month or at the end of a slow month, you can sometimes get them to give up their holdback as well for a total $3,000. Less the rebates, you may see another $2,500 off of that. If you perform a lease buyout (provided you can put enough $ down to negate the downside of paying interest) your rebates may be greater. I saw $5000-$5800 for January on GT/GT1/GT2's. That would be a total of $8,800 if you go for a two year lease with intent to buyout.
Text me or email me with any questions: 970-889-9835 or amoriyasu@centleasing.com

 

[Fastdadnh]

There is usually about $2,500 between MSRP and Invoice. Dealers usually have a $500 holdback below Invoice. If you catch them after a shitty month or at the end of a slow month, you can sometimes get them to give up their holdback as well for a total $3,000. Less the rebates, you may see another $2,500 off of that. If you perform a lease buyout (provided you can put enough $ down to negate the downside of paying interest) your rebates may be greater. I saw $5000-$5800 for January on GT/GT1/GT2's. That would be a total of $8,800 if you go for a two year lease with intent to buyout.
Text me or email me with any questions: 970-889-9835 or amoriyasu@centleasing.com

Hey thanks for the info. I don't want to do the lease buyout for multiple reasons: warranty, possibility of messing up process, wanting 0% interest etc. Just want as simple of a process as possible

 

[Kimberly Lazarski]

If you're willing to drive down to RI, Bald Hill Kia on Rte 2 in Warwick usually have great deals on Stingers.

 

[Fastdadnh]

If you're willing to drive down to RI, Bald Hill Kia on Rte 2 in Warwick usually have great deals on Stingers.

Thank you. I would drive down there but it would have to be well worth it for the 2 1/2 to three hour drive

 

[Fastdadnh]

Thank you. I would drive down there but it would have to be well worth it for the 2 1/2 to three hour drive

Just checked though no gt1 so that's ruled out

 

[Kimberly Lazarski]

They move a lot of Stingers, so unless you're in a rush they're still worth talking to.

 

[Nocostinger]

Hey thanks for the info. I don't want to do the lease buyout for multiple reasons: warranty, possibility of messing up process, wanting 0% interest etc. Just want as simple of a process as possible

Hey sure thing. Keep in mind, Lease buyouts don't mess with your warranty, the process is very straightforward and can be completed by an auto broker or credit union, 0% interest typically can't be combined with the $2,500 incentive. Make sure to read the fine print. If you need me to look over paperwork let me know. I'm an Auto Broker and do this daily.

 

[Fastdadnh]

Hey sure thing. Keep in mind, Lease buyouts don't mess with your warranty, the process is very straightforward and can be completed by an auto broker or credit union, 0% interest typically can't be combined with the $2,500 incentive. Make sure to read the fine print. If you need me to look over paperwork let me know. I'm an Auto Broker and do this daily.

So isn't the Kia warranty only for the original owner? If you at least the car from the dealership and then purchase it don't you technically become the second owner drop in your warranty down to 60,000 mi instead of 100,000? I drive probably 20,000 mi a year and the last thing I want to be doing is Miss stepping on one little detail in a line item getting me stuck with the lease that I'm going to go way over

 

[Stingin' Away]

So isn't the Kia warranty only for the original owner? If you at least the car from the dealership and then purchase it don't you technically become the second owner drop in your warranty down to 60,000 mi instead of 100,000? I drive probably 20,000 mi a year and the last thing I want to be doing is Miss stepping on one little detail in a line item getting me stuck with the lease that I'm going to go way over

Yes the original owner. If they don't support you as the original owner when you purchase it, ask them to certify the car. Kia's that come certified keep the original warranty: 5yr/60k BTB and 10yr/100k.

 

[Nocostinger]

Yes. Caveat here is that even upon lease buyout, you're still the first owner. The verbiage designates "registered owner". When you buy it out, you aren't changing the ownership, merely changing the lienholder from KMF to whichever financial institution you designate.

You're safe in doing the lease buyout option. Just make sure that you can get pre-approved for buyout from a credit union or broker beforehand. Prevailing rates i've seen are low 3's to mid 4% range but do find lower with exceptional credit.
Keep in mind, lease buyouts are beneficial when the savings from rebates EXCEEDS the amount of interest of the buyout financing.

That said,

If you lease it for 2 years and would rather finance less...

2 year 20k mile per year lease= 716 per month before taxes.

But, you get a money factor of 0.00095 which converts to basically 2.28%apr.
AND it gets the $5,900 rebate.
If you buy that out asap at the lease price of $40,527
assuming you get a good rate such as 3.050% you'll pay $3,873 in interest of 6 years and have a payment of $617 pre tax.
Thats a total paid of $44,424 over 72 months.


Now, if you take the incentive of $2500 (brings purchase price to $43,277) and finance at Kia's 3.050% APR you'll pay interest of $4,135 over 6 years and have a payment of $659 pre tax.
Thats a total paid out of $47,448 after all payments are made.



0% apr with a purchase price of $45,775 (no rebate) will have you pay no interest, on 66 Month term (Kias rate and term) you'll be $694 pre-tax
thats a total paid out of $45,804 over 66 months.

So this estimate example shows that you can save $1,000 performing a lease buyout.

Now the big question is: Is it worth the $1,000 to do the lease buyout?

Let me know as you have more questions.

 

[Fastdadnh]

Yes. Caveat here is that even upon lease buyout, you're still the first owner. The verbiage designates "registered owner". When you buy it out, you aren't changing the ownership, merely changing the lienholder from KMF to whichever financial institution you designate.

You're safe in doing the lease buyout option. Just make sure that you can get pre-approved for buyout from a credit union or broker beforehand. Prevailing rates i've seen are low 3's to mid 4% range but do find lower with exceptional credit.
Keep in mind, lease buyouts are beneficial when the savings from rebates EXCEEDS the amount of interest of the buyout financing.

That said,

If you lease it for 2 years and would rather finance less...

2 year 20k mile per year lease= 716 per month before taxes.

But, you get a money factor of 0.00095 which converts to basically 2.28%apr.
AND it gets the $5,900 rebate.
If you buy that out asap at the lease price of $40,527
assuming you get a good rate such as 3.050% you'll pay $3,873 in interest of 6 years and have a payment of $617 pre tax.
Thats a total paid of $44,424 over 72 months.


Now, if you take the incentive of $2500 (brings purchase price to $43,277) and finance at Kia's 3.050% APR you'll pay interest of $4,135 over 6 years and have a payment of $659 pre tax.
Thats a total paid out of $47,448 after all payments are made.



0% apr with a purchase price of $45,775 (no rebate) will have you pay no interest, on 66 Month term (Kias rate and term) you'll be $694 pre-tax
thats a total paid out of $45,804 over 66 months.

So this estimate example shows that you can save $1,000 performing a lease buyout.

Now the big question is: Is it worth the $1,000 to do the lease buyout?

Let me know as you have more questions.

Wow thanks for all th details. That was a lot to figure out right down for me so it's greatly appreciated. Honestly $1,000 to me is not worth the extra headache involved. I'm in negotiations right now for a car

 

[Nocostinger]

Wow thanks for all th details. That was a lot to figure out right down for me so it's greatly appreciated. Honestly $1,000 to me is not worth the extra headache involved. I'm in negotiations right now for a car

Perfect. You've got my number. Call or text if you need me. Be careful in finance about extra fees and other fun things. If its not an acquisition or doc fee, don't pay it! Additional warranty shouldn't be more than $2,000 at the most for 10/100 bumper to bumper coverage so, be wary there too.
If you're financing, GAP is a must have. It should cost more than $500 for your Stinger. If they say over that, negotiate. GAP should be 2% of financed price of the vehicle.

 

[monusa]

Curious question? if you pay for the gap insurance, does any of that play out should you trade the car for another Stinger??????