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Kia Sportage Lease Questions

kyfdxkyfdx Posts: 31,155
Ask your Sportage lease questions here!

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  • nom2nom2 Posts: 13
    I'm looking for November residual and MF on a 2011 Sportage EX for 36 months and 12k/year.

    Thanks,

    Louis
  • Hi Louis. Kia's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage EX 4WD with 12,000 miles per year are .00055 and 52%, respectively.

    Car_man
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  • nom2nom2 Posts: 13
    Carman,

    Can I have the same numbers for December?
    36 months, 12K miles, Sportage EX

    Thanks
  • nom2nom2 Posts: 13
    Carman,

    Forgot to mentions thats for a 2WD EX

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited January 2011
    Hello nom2. Kia's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage EX 2WD with 12,000 miles per year are .00065 and 54%, respectively.

    Car_man
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  • Hi Car_man,
    I am looking at both the sportage EX 2WD and LX 2WD to lease for 36 mo. at 15000 miles/year. Could you help me out with MF and residuals currently available.

    Thanks for your time.
  • Hi archmod. Kia's current buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage EX 2WD with 15,000 miles per year are .00065 and 53%, respectively.

    The numbers for an otherwise identical lease of a Sportage LX 2WD are .00104 and 59%.

    Car_man
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  • I am looking at the 2011 Sportage EX AWD to lease for 36 mo. at 15000 miles/year. Could you help me out with MF and residuals currently available?

    Thanks for your help
  • I certainly can, mnguy1. Kia's January buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage EX 4-cylinder AWD with 15,000 miles per year are .00212 and 48%, respectively.

    Car_man
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  • Hi, Car_Man:
    I am looking at lease of Sportage EX for 36 months at 15000 miles/yr.

    What would be the lease rate for March?

    Thank you.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi thenestcafe. Kia Motors Finance's March buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage EX 4WD with 15,000 miles per year are .00025 and 50%, respectively.

    Car_man
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  • ajpbf7ajpbf7 Posts: 69
    Hello Carman,

    Hope you are well. Could you please provide the MF and Residual for the 2011 Sportage SX(2.0T) FWD? I am looking at 36 months, 12k(10k if offered). Thanks very much!
  • Hi Carman,

    What's the 36 month lease MF and residual rates for a Sportage SX AWD w/ Navigation - 15K miles/year.
  • gt99speedgt99speed Posts: 3
    Hello,

    Could someone tell me the money factor Kia is using on their national Sportage program? Vehicle is a model 42222. MSRP of 20,990 including freight. Residual appears to be 57% and cap cost reduction is $1,895. There doesn't appear to be any dealer participation in this though. Am I correct that the national lease program is selling the vehicle at full sticker? Money factor looks to be about .0004. Let me know if my variables seem correct.

    Thanks,

    Jim
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Jim. I believe that the vehicle that is featured in Kia's nationally advertised lease for the Sportage is the Sportage LX 4-cylinder 2WD. Kia Finance's June buy rate lease money factor and residual value for a 36 month lease of this truck with 12,000 miles per year are .00050 and 57%, respectively for consumers who qualify for its top credit tier.

    While I don't think that the selling price of the vehicle that is used in Kia's sample payment for this car is its full MSRP, it's probably close. I strongly suspect that you will be able to negotiate a lower selling price than the one that was used on the advertised vehicle.

    Car_man
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  • Looking to lease a Sportage SX AWD w/ Premium Package w/Leather Seats & Navigation. What is the money factor and residual for a 36 month lease w/ 15K miles a year? What would the ball park figure be on it out to assuming all taxes and fees are paid up front (Edmunds TMV is 30,594)?
  • Looking to lease a Sportage SX AWD w/ Premium Package w/Leather Seats & Navigation. What is the money factor and residual for a 36 month lease w/ 15K miles a year? What would the ball park figure be on it out to assuming all taxes and fees are paid up front (Edmunds TMV is 30,594)? I am located in Northeast PA.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mike_in_nepa. Kia's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage SX AWD with 15,000 miles per year are .00042 and 48%, respectively.

    I'd be happy to work up a lease payment on this truck for you if you provide me with its full MSRP and selling price, or at least its MSRP and invoice price.

    Car_man
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  • Thanks Car_Man.

    Here are the numbers:

    MSRP: $32,490
    Invoice: $30,185
    Edmunds TMV: $30,594

    Again, thanks :)
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome, mike_in_nepa. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2011 Sportage SX AWD that has an MSRP of $32,490 and a selling price of $30,685 through Kia Motors Finance for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $439.

    Car_man
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  • Car_man, thank you for your help. Parked in my driveway is a brand new 2011 Kia Sportage SX (AWD) model in Signal Red with the Premium w/ Leather Package and the Navigation Package. Great car, and already have 850 miles on the odometer. Thanks again. :)
  • Car Man,

    Good afternoon. I'm looking to set up my Fiance with a 36 Month lease on a Kia Sportage EX (Clear White) in 2 Wheel Drive.

    Trying to figure out what Zero Down (or little down as possible) lease payments would look like for this vehicle and how to get the local dealerships to work with me on this lease. Great Credit (750+ FICO). This'll be our first lease so thanks in advance for your help!

    Andrew
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, mike_in_nepa. Thanks for taking the time to stop back and let us know how everything turned out. Enjoy your new ride!

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome Andrew. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    I would be happy to work up a sample lease payment on the exact Sportage that you are interested in for you, but in order for me to do so I need you to provide me with its full MSRP and dealer invoice price. You can find this data over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • CanMan,

    Thanks for your help. Read the posts (great help btw as I'm looking to purchase my own used vehicle soon)

    The vehicle in questions is the 2011 Kia Sportage EX in 2WD.

    Full MSRP: $23,990
    Invoice: $22,565

    (Note: There is a $695 Destination Fee built into both of those #'s).

    Thanks again

    Andrew

    PS - What's the best way to find the residual value and MF for vehicles?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome Andrew. According to my calculations, if you were to lease a 2011 Kia Sportage EX 2WD that has an MSRP of $23,990 and a selling price of $23,065 ($500 over dealer invoice) through Kia Motors Finance right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $311.

    I used a money factor of .00027 and a residual value of 51% to calculate the above payment.

    Car_man
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  • recruitsvc1recruitsvc1 Posts: 2
    edited July 2011
    Hi--looking for the money factor for 2011 Kia Sportage SX 2WD sticker is $25795 and invoice is $24,070. Want a 36 mo lease with 12K a year...live in Philadelphia, PA. no money down if I can help it. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi recruitsvc1. Kia's current buy rate lease money factor for a 36 month lease of a 2011 Sportage SX 2WD is .00075 for consumers who qualify for its top credit tier.

    Car_man
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  • cgsteelcgsteel Posts: 1
    I'm currently trying to find a great lease deal for a Kia Sportage 2WD - SX model w/ premium package. The MSRP of the car is $29,540 and the price provided by the internet salesperson is $26,540. I would figure that he will try to add on fees but I'm not wanting to pay those fees.

    I was not able to locate the projected ALG residual value for this car but I'm thinking it is around 53%.

    I'm credit rating is 850. What is the best money factor I could get on this car? I'm hoping for an APR of under 1%. Is this even possible?

    I'm needing the dealer to increase the percentage of the residual value on this car because I would like my payments to be below $250 w/ NO out of pocket.

    Am I completely off the mark?

    I know that depreciation in the first year is significant and the cars I'm looking at have been sitting on their lot for over 2 months since I've been checking.

    Let me know what you think.
  • im2bradim2brad Posts: 2
    I am somewhat atypical in that I plan to purchase the new vehicle with no financing. My question is what discount to msrp should I expect (in the Columbus, Oh area) on a 2011 v. a 2012 Kia Sportage. Right now, I am considering an EX with Premium Package since I require the following features: heated seats, backup warning, telescoping wheel. I do not require either AWD or Navigation, since I have found that AWD is "overkill" in Columbus and that Navigation changes so often that my iPhone Nav software updates quicker and is always in my pocket anyway. In the past, I have moved up a model in order to access a more powerful engine and depending upon incentives might consider an SX. Thoughts?
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