What did everyone put down on their Stinger lease?

[Mach_Tuck]

Thoughts on this lease offer? Sorry for bad quality. Should I put money down? I am planning on doing a buyout to own after 1-2 months.

IF buying out, cash up front dont matter. IF leasing, do NOT put cash down.

That said,
NITRO $150 - Bullshit
Door Guards $200 - Bullshit
Window Tint - Tad high for good tint - prob crap tint
Mud Guards $250 - INSANE BULLSHIT - You can get these for $70 online and install takes 10 min. Hell Ill sell you mine for $200 if you ok with over paying.

Also - What are "non tax" fees? Seems sketchy to me. Not sure what OCP is either.

Get them to remove the BS charges and fees and i think you have a sweet deal. Turn around and buy it out.

Personally, if you know you will buy it out, keep the money and pay it to whomever you finance the buyout with. God forbid the car becomes a total loss before the buy out is complete and you lose that cash you put down. You get ZERO EQUITY for putting cash down on a lease.

 

[Indy499]

Thoughts on this lease offer? Sorry for bad quality. Should I put money down? I am planning on doing a buyout to own after 1-2 months.

I generally second what Mach said. Lots of BS fees and addons. Your dealer discount should be more on an 18, but that's offset by offering 12k in rebates, which they shouldn't be able to do (lease cash doesn't stack with conquest/loyalty...).

 

[Indy499]

And to go back to the original question, don't put money down on a lease. Even with the astronomical money factor on a Kia, every $1000 down only saves you about $2/mo in rent charge. It's better to reduce your risk of loss if the car is totaled or stolen by having nothing down. Put your down payment in a savings account (or if you're feeling risky, an investment account) and draw on it every month to pay part of your monthly payment.

 

[Brandon V]

Thanks everyone for the feedback. Your input has really helped. I was not even thinking about lease and then buyout until this forum. The dealer took off all the add-ons. My final price is 39,600. Hopefully this time tomorrow I will be driving home in my new GT2. I am not putting any money down and will do a buyout after it is in the KMF system.

 

[JenaStinger]

Looking at getting a 2019 GT2 AWD as soon as I find one in my color and options. Just curious what the average person put down on their Stinger lease?

It's been a while since I leased so I don't remember what I put down but I know it wasn't much or maybe it was nothing, no clue.

I have no plans to do the "lease then immediately buy" move, I'm sure in 3 years I'll want the next fun toy that catches my eye.

BTW, I'm in Massachusetts,

I wouldnt suggest putting much at all down on a lease. Heaven forbid you total it, you will never see that money again. All $$ down does is lower the monthly payment..

 

[JenaStinger]

Maxed out 5k on credit card to get points.
Paid off lease ASAP and pocketed the lease cash.

Most dealers wont accept CC as a "down payment" -- its essentially a "loan" in a "loan" if that makes sense. Dealer agreements frown upon it. Some dealers might..

 

[JenaStinger]

if you are planning on buying out the lease then a down payment will not hurt, if not then try to go put nothing down.

This wouldn't matter either way....money down doesn't change the residual