What did you pay for your Kia Stinger?

[C-Hatt]

Negotiated price - lease cash - down payment - trade in + tax and fees applied at lease + buyout fee of 300

If you are in one of these state, AZ, CA, CT, ID, KS, ME, MI, MS, NV, NJ, NY, OH, TN, UT, WA & WI, then also add state tax to it.

You don't have to get routine maintenance package from them if you mean that.

Ok thanks. I’m trying to figure out if I lease, am I on the hook to get every service (I.e. 6k miles, 15k miles). I finance my GTI, but I know when you go in for like the 40k mile service, it’s cabin filter and other crap I don’t need. I don’t know if I’m forced to pay for all those under a lease. I’m in RI, so surprisingly, no tax from your list above!

 

[Ruturaj]

Ok thanks. I’m trying to figure out if I lease, am I on the hook to get every service (I.e. 6k miles, 15k miles). I finance my GTI, but I know when you go in for like the 40k mile service, it’s cabin filter and other crap I don’t need. I don’t know if I’m forced to pay for all those under a lease. I’m in RI, so surprisingly, no tax from your list above!

You don't have to get everything in maintenance manual if you don't want to under a lease. For your state, the tax would not be included in buyout amount but you/financing bank might have to pay it on registration.

 

[19GT-AWD]

You can refinance the car and pocket the lease cash. You get lower payments and savings.

... If you are in one of these state, AZ, CA, CT, ID, KS, ME, MI, MS, NV, NJ, NY, OH, TN, UT, WA & WI, then also add state tax to it.

A couple of things ...

Banks can't match KIA's ultra low rate for retail financing (I know, I checked). Also, I'm in one of the states listed above. Lastly, I've refinanced before to save $10-$20 month in interest rates, but I won't put my name down on a contract binding me legally to a monthly payment costing hundreds of dollars more in lieu of refinancing. If for some reason things don't work out (Murphy's Law) you put your home and everything else you own at risk.

 

[Ruturaj]

A couple of things ...

Banks can't match KIA's ultra low rate for retail financing (I know, I checked). Also, I'm in one of the states listed above. Lastly, I've refinanced before to save $10-$20 month in interest rates, but I won't put my name down on a contract binding me legally to a monthly payment costing hundreds of dollars more in lieu of refinancing. If for some reason things don't work out (Murphy's Law) you put your home and everything else you own at risk.

Yes, they can't. But lease incentive can be more than interest savings, depending on financing amount. The state being in the list doesn't matter beside factored in buyout amount. People might still have to pay it at time of registration. The more important thing is how your state taxes a lease.

 

[19GT-AWD]

Yes, they can't. But lease incentive can be more than interest savings, depending on financing amount. The state being in the list doesn't matter beside factored in buyout amount. People might still have to pay it at time of registration. The more important thing is how your state taxes a lease.

Sure, but still.

I only sign what I'm prepared to pay if refinancing is no longer an option.

 

[Ruturaj]

Sure, but still.

I only sign what I'm prepared to pay if refinancing is no longer an option.

I guess comes down to personal preference of risk taking. I take calculated risk (when reward > risk * cost). Things can still go bad but with multiple things they even out in my favor.

 

[Jacques]

Better late than never, finally got my title paperwork so I can post this. Sticker was at $47,054. I received a $2000 rebate, then a $10,000 trade in ('13 Kia Optima SX). So, net price was $35,054. Still have to pay for the registration at month's end, around 5% of the vehicle's cost.

Edit: I wonder if I waited until this month, if I could've gotten even a better deal (Summer Savings event)?

 

[19GT-AWD]

... I take calculated risk (when reward > risk * cost). Things can still go bad but with multiple things they even out in my favor.

My formula:

reward for lower vehicle financing never > than risking your home * at any cost

 

[Ruturaj]

My formula:

reward for lower vehicle financing never > than risking your home * at any cost

I used * as multiplication. It's a formula (expected outcome = probability of that outcome * reward from that outcome, assuming other outcomes give 0 reward) that is used when calculating if reward is worth the risk, it is when reward > expected outcome.

Ex if you bet $1 on head and tail and you can win $3 and cost to play is $1
expected outcome = reward * chances of wining = 3 * 1/2 = 1.5
since cost $1 < reward $1.5, you should pay (note that in any case, win or lose, you are not wining $1.5 but with significant number of games you would average out at $1.5)

Also, everyone takes risk, they have to, like reward for driving car to work (salary) > chances of accident * cost (death hospitalization).

In your case the numbers might not be in your favor, so you calculated and not risking it.

Sometimes even when expected outcome is our favor we still don't want to take risk because we can not afford to loose

ex. medical insurance
Another ex. You wouldn't bet your everything in single game of above head and tail

When I said overall it works out, is when you can afford to play substantial number of games. So if I can play 1000 games with $1, I would return home with approx $1,500.

 

[19GT-AWD]

I used * as multiplication. It's a formula (expected outcome = probability of that outcome * reward from that outcome, assuming other outcomes give 0 reward) that is used when calculating if reward is worth the risk, it is when reward > expected outcome.

Ex if you bet $1 on head and tail and you can win $3 and cost to play is $1
expected outcome = reward * chances of wining = 3 * 1/2 = 1.5
since cost $1 < reward $1.5, you should pay (note that in any case, win or lose, you are not wining $1.5 but with significant number of games you would average out at $1.5)

Also, everyone takes risk, they have to, like reward for driving car to work (salary) > chances of accident * cost (death hospitalization).

In your case the numbers might not be in your favor, so you calculated and not risking it.

Sometimes even when expected outcome is our favor we still don't want to take risk because we can not afford to loose

ex. medical insurance
Another ex. You wouldn't bet your everything in single game of above head and tail

When I said overall it works out, is when you can afford to play substantial number of games. So if I can play 1000 games with $1, I would return home with approx $1,500.

I used * to dictate there is no reward for automotive finance worth risking your home over times (*) any cost savings.

Ex: You risk X dollars to save any amount whatsoever on a car and potentially lose your home. That risk was faulty from it's conception.

Also, taking risks in certain aspects of life does not mean all risks are equally weighted, like being an LEO or Firefighter where the risk is to save the lives of others.

In the case where numbers could be right for an automotive financial risk is when a person could lose the car and still maintain their home/life stlye.

If expected outcomes are secured outcomes, then there is no essential risk to begin with and the afforded loss potential = zero and/or none.

Ex: secured/pre-approved financing
Another Ex: an excess of personal equity where an automotive loss has no effect one's finances

When I stated that if it doesn't work out, then the loss potential was incurred without merit. So if you play a single "game" and lose, then you quickly realize how it was never a "game" to begin with.

Now that we've exhausted this topic, it's apparent that it's time to move on ...

 

[Ruturaj]

Now that we've exhausted this topic, it's apparent that it's time to move on ...

Better to move on. I don't think we have exhausted the topic because imI think you didn't understand expected value. Btw in my calculations risk was probability (number between 0 and 1), I don't know how your multiplication results in a meaningful number.

You are right but you are wrapping it in a wrong thing.

Edit: I am not saying you are wrong by saying risking house over low payments is a bad idea.

It definitely is, as I said the same thing, not to take a risk which we can not afford even if it is probabilistically favorable.

Even if I have high chances of wining I shouldn't bet everything as I can't afford to loose everything.

 

[Shenanigans302]

Loose numbers as I don’t have the paperwork in front of me, but I feel good about it.

It was around 29,500 OTD. Put 3K down and got 2,600 on a trade. I got more on my trade than I was expecting, and I was being realistic with.
For a new 19 base GT Hi Chroma Red with tint, rear bumper appliqué, and the trunk all weather may. I also got the 0% for 66.

 

[Get Stung]

delete wrong thread

 

[PR Stinger]

Yes, only one dealership advertises the 0% and I'd prefer that as it seems to save me $4k over 60 months using 3.99%. The $4,750 is $2,750 in financing cash and $2,000 in conquest but they just told me the other dealership lied when they said I qualified for conquest with a 2007 camry and they can't give me that so now I'm rethinking this whole thing. 5% dealer discount is really low compared to what other people are getting? I have a hard time comparing because a lot of numbers are from the lease cash deals that no longer exist.

Edit: Okay I got $39.5K OTD with TTL and 0% financing 0% down 66 months. Should I take it?

 

[PR Stinger]

Yes, only one dealership advertises the 0% and I'd prefer that as it seems to save me $4k over 60 months using 3.99%. The $4,750 is $2,750 in financing cash and $2,000 in conquest but they just told me the other dealership lied when they said I qualified for conquest with a 2007 camry and they can't give me that so now I'm rethinking this whole thing. 5% dealer discount is really low compared to what other people are getting? I have a hard time comparing because a lot of numbers are from the lease cash deals that no longer exist.

Edit: Okay I got $39.5K OTD with TTL and 0% financing 0% down 66 months. Should I take it?

Ok so where in the US are you, I'm in Texas DFW Area i got them to let me take one home overnight That's the price I want to to pay for this GT2 I do want red leather but I cant find it

 

[jkim20]

everyone.

This is the deal I got.

GT2 AWD ceramic silver on red int.

MSRP: 54,500
SELL PRICE: 48,450
Fee: 495
NY TAX: 4,532.67

OTD: 51,350

3k down, 66 month finance at 3.9%

can someone tell me how much monthly will be?
I want to pull the trigger on this right now but theyre telling me it will be $816. should be more like $760 on my calculation

EVERYONE please help. I might pick this up today

 

[Chark]

$48350 for 66 months @ 3.9% is $815/mo. Your discount price, plus taxes and fees do not add up to your OTD price, less your down payment.

 

[C-Hatt]

everyone.

This is the deal I got.

GT2 AWD ceramic silver on red int.

MSRP: 54,500
SELL PRICE: 48,450
Fee: 495
NY TAX: 4,532.67

OTD: 51,350

3k down, 66 month finance at 3.9%

can someone tell me how much monthly will be?
I want to pull the trigger on this right now but theyre telling me it will be $816. should be more like $760 on my calculation

EVERYONE please help. I might pick this up today

I just purchased a white GT2 AWD today. Did a 3yr/30k lease to get the lowest payment, with the intent that I will purchase before the 3 years or at the 3 year mark. Out the door price was $39k change with all of the incentives. $0 down, my payment is $525/month. Honestly take advantage of the lease cash now to drive down that price. It seems worth it.

 

[KGT1]

GT2 AWD for $525 is a really good deal. Just got my Ceramic Silver GT1 AWD for $535 with the same $0 down/3y/30k lease.

Ended up going for the GT1 over the 2 because no dealers near me wanted to do lower than $580ish range for one, plus no Ceramic Silver to be found in that trim. Also not a fan of the shift-by-wire.

 

[KSGT1]

I got a 2019 Ceramic Silver GT1 RWD for $40500 today (not including TTL), financed, 70 miles on odometer.

I am in Texas so the lease buyout wouldn't work for me given the double tax.

Do you guys think I got a good deal?