What did you pay for your Kia Stinger?

[autrini]

2018 gt2
MSRP $52,850
SALE PRICE $40,451++ After rebates
$2k Down includes 1st payment
$596 a month on a 39 month lease 12k miles per year.
Residual is 47% or $24,839.50 and money factor is .00239

Is this a good deal??

 

[RLittle]

Sounds like a good deal if you are going to buy out the lease.

If you are going to keep the lease and return, what monthly will they give you for a2019?

 

[autrini]

Sounds like a good deal if you are going to buy out the lease.

If you are going to keep the lease and return, what monthly will they give you for a2019?

I think they quoted 669 for a 2019. I haven't thought about buying out the lease mainly because I have no experience with doing that or the math behind it. Maybe I'll look into it!

 

[Jimmer]

See, what I find weird is that I thought one of the benefits of leAsing is to have.a smaller payment then you would have if buying. Some on the monthly lease payments I see posted here are more than my monthly payments and I didnt lease mine. (72 month payments)

 

[RLittle]

See, what I find weird is that I thought one of the benefits of leAsing is to have.a smaller payment then you would have if buying. Some on the monthly lease payments I see posted here are more than my monthly payments and I didnt lease mine. (72 month payments)

Leasing is all about the residual and the lease cash rebate on the front end.

55% is typical for a 3 yr lease of a current year car. In this guy's case, his residual for a 2018 is 47% so I asked if a lease payment on a 2019 had a higher residual and a lower payment because of that. BTW, $600 a month with $2k down is not a great deal on a leftover Stinger, even a GT2.

OTOH, Kia is putting lease cash discounts of around $8k that can be used to lower the cost of the car if you buy out the lease. in my case, my 2018 GT1 sticker $49k will cost me $40,500 OTD including tax tags etc when I buy it out next month. That is a similar deal to what he is getting on the 2018 GT2, but I think in his case he is looking at another $6k in "rent charges" or "imputed interest" if he takes the lease to term. BTW, the interest rate in that lease is 5.7%. Mine was 4.7%. I'd buy that lease out if I can get a 4% or lower car loan to replace it.

 

[Jimmer]

Yeah, it helps the finance rate I got was 0.9%

 

[RLittle]

I think they quoted 669 for a 2019. I haven't thought about buying out the lease mainly because I have no experience with doing that or the math behind it. Maybe I'll look into it!

If you check out the Lease tool on Kia.com I bet you will find the monthy lease on a 2019 is cheaper than the 2018 lease monthly because of the higher residual on the 2019...about 7% higher residual on the 2019.

Keep in mind I do not believe the Kia lease tool includes taxes while your dealer quote probably does.
You should be able to get below the Kia lease tool quote from any dealer including tax.

BTW, leasing is not for the timid or those not fully educated in leasing. The dealer can pull all kinds of stunts with leases. Know EXACTLY how it works before you sign anything!

 

[RLittle]

Yeah, it helps the finance rate I got was 0.9%

Yup, and longer term.

The residual on a 72 month lease would be like 24%. 6 years interest at 5.7% is more than that so that accounts for your cheaper payment for 72 months vs 36 month lease.

 

[Jimmer]

Yup, and longer term.

The residual on a 72 month lease would be like 24%. 6 years interest at 5.7% is more than that so that accounts for your cheaper payment for 72 months vs 36 month lease.

I guess for me, the only benefits of leasing (excluding the buying out right away route) is lower payments and the ability to change vehicles every 2-3 years. Tell me I have to make higher payments than if I bought it and I'm limited in miles, I'd have a problem

 

[autrini]

Leasing is all about the residual and the lease cash rebate on the front end.

55% is typical for a 3 yr lease of a current year car. In this guy's case, his residual for a 2018 is 47% so I asked if a lease payment on a 2019 had a higher residual and a lower payment because of that. BTW, $600 a month with $2k down is not a great deal on a leftover Stinger, even a GT2.

OTOH, Kia is putting lease cash discounts of around $8k that can be used to lower the cost of the car if you buy out the lease. in my case, my 2018 GT1 sticker $49k will cost me $40,500 OTD including tax tags etc when I buy it out next month. That is a similar deal to what he is getting on the 2018 GT2, but I think in his case he is looking at another $6k in "rent charges" or "imputed interest" if he takes the lease to term. BTW, the interest rate in that lease is 5.7%. Mine was 4.7%. I'd buy that lease out if I can get a 4% or lower car loan to replace it.

I didn't think the deal was good. In addition to this, the panel in the rear above one of the lights was loose and I was able to move it around. It was not in line with the rear decklid which also seemed to be off alignment on that side compared to the other. He said it's an easy adjustment and will be fixed today. That was big red flag and I asked them to lower the payments but no luck.

 

[Gizzy Gizmo]

In case this helps anyone else... just purchased a GT2. We took the route of asking all the dealers for their best price then visiting the one who was able to generate a believable buyers order that matched.

2019 GT2
MSRP 51,480
Cash Price of vehicle: 47,480
TTL 2,698
Rebates 4,300 (balloon loan rebate)
Selling price 45,878
Processing/Lien Fees 389
Out the door 46,267

 

[RLittle]

I didn't think the deal was good. In addition to this, the panel in the rear above one of the lights was loose and I was able to move it around. It was not in line with the rear decklid which also seemed to be off alignment on that side compared to the other. He said it's an easy adjustment and will be fixed today. That was big red flag and I asked them to lower the payments but no luck.

I don't think its a bad deal. That deal is about the same as I got last month, maybe a bit better than mine. You are getting $12k off MSRP. $40k plus tax for a GT2 is a good price, even for a 2018. The only suggestion I had was that the money factor is not cheap and you should consider paying off the lease if you have the cash. Now if you think there is an issue with the car then don't buy it but if the rear panel is just a loose screw.........

In any event, have someone review the lease contract before you sign it. Pay attention mostly to the adjusted capitalized cost and the residual. That is what you are paying for the car plus tax and whatever down you put on it. They have to line up with the numbers he gave you.

What state are you in?

 

[autrini]

I don't think its a bad deal. That deal is about the same as I got last month, maybe a bit better than mine. You are getting $12k off MSRP. $40k plus tax for a GT2 is a good price, even for a 2018. The only suggestion I had was that the money factor is not cheap and you should consider paying off the lease if you have the cash. Now if you think there is an issue with the car then don't buy it but if the rear panel is just a loose screw.........

In any event, have someone review the lease contract before you sign it. Pay attention mostly to the adjusted capitalized cost and the residual. That is what you are paying for the car plus tax and whatever down you put on it. They have to line up with the numbers he gave you.

What state are you in?

I'm in Colorado. So I ended up checking on another dealer that's 1.5 hours away and I got them to offer pretty much the same deal (601 a month instead of 598) with all other numbers the same on a 2019. They gave me the lower money factor based on my credit. Now i just need to figure how to get down there today before the deal ends!

 

[RLittle]

I'm in Colorado. So I ended up checking on another dealer that's 1.5 hours away and I got them to offer pretty much the same deal (601 a month instead of 598) with all other numbers the same on a 2019. They gave me the lower money factor based on my credit. Now i just need to figure how to get down there today before the deal ends!

What probably happened is you are getting less of a discount with a higher residual and a lower money factor resulting in the same monthly.

The 2019 is a better deal if you are going to full term lease and return the car.
the 2018 is probably better if you are going to buy out the lease.

BTW, they can backdate a deal and if the lease cash is increased for Feb then ir might be cheaper tomorrow.

Either way, you will love your Stinger!

 

[DeadOhioSky]

And here she is! So pumped to have made this huge leap.

Gorgeous! Im looking at the exact same car, any regrets?

Cap cost for a 2018 Premium AWD with Drivewise is 39443. How low do you guys think I can get them down at this point?

 

[Bernie Fen]

Koons Kia in Woodbridge, VA gave me a WHOPPER OF A TRADE-IN DEAL for my 2013 Kia Optima SXL for 2019 Kia Stinger GT Base RWD (Panthera Metal). $37K out the door (including taxes, tags, title and fees) with $2500 down and the finance manager hooked it up!!! ($37K includes GAP Insurance, 6 year maintenance including oil changes and all that GOOD STUFF!, Wheel and Tire protection and free state inspection for life!). My monthly will start on 3/15/19 @ $698 with 4.9% apr. I don't mind that payments because i will end up refinancing it after 3-4 months with my choice of lender that I have great business relationship with. Guys, if you live nearby, come check them out and ask for George and Donovan (Finance Manager).. they will definitely help you!

 

[jboulukos]

2019 2.0 Base
33K cash

 

[cncBilly]

Fully load GT 3.3 AWD Red $51000 Canadian

Is that tax in?

 

[chiefmd]

Koons Kia in Woodbridge, VA gave me a WHOPPER OF A TRADE-IN DEAL for my 2013 Kia Optima SXL for 2019 Kia Stinger GT Base RWD (Panthera Metal). $37K out the door (including taxes, tags, title and fees) with $2500 down and the finance manager hooked it up!!! ($37K includes GAP Insurance, 6 year maintenance including oil changes and all that GOOD STUFF!, Wheel and Tire protection and free state inspection for life!). My monthly will start on 3/15/19 @ $698 with 4.9% apr. I don't mind that payments because i will end up refinancing it after 3-4 months with my choice of lender that I have great business relationship with. Guys, if you live nearby, come check them out and ask for George and Donovan (Finance Manager).. they will definitely help you!

Bernie Fan - I'm in the process of making a deal with Koons for a 2019 GT2. I have a 2013 SXL with 13000 miles and a 2012 Jag XK. I was thinking about trading both in, not sure if I want to trade the XK but we will see. Was curious about how much they gave you for your SXL. Thanks - Mike

 

[Chris W]

I just leased my 2019 Hi-Chroma GT2 AWD 2 weeks ago., MSRP was $53,730 but we agreed on $49,000 before any incentives. I negotiated the whole deal while on vacation (actually while in a pool) via text. Super easy deal.