# Kia Sportage Lease Questions

To discuss the latest lease details for the current model, please join us in the 2015 Kia Sportage Lease Questions forum.

You can also research local dealer inventory and pricing, reviews, features, and specifications on Edmunds 2015 Kia Sportage page.

You can also research local dealer inventory and pricing, reviews, features, and specifications on Edmunds 2015 Kia Sportage page.

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## Comments

13Thanks,

Louis

38,514Car_manHost

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13Can I have the same numbers for December?

36 months, 12K miles, Sportage EX

Thanks

13Forgot to mentions thats for a 2WD EX

Thanks

38,514Car_manHost

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7I 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.

38,514The numbers for an otherwise identical lease of a Sportage LX 2WD are .00104 and 59%.

Car_manHost

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6Thanks for your help

38,514Car_manHost

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3I am looking at lease of Sportage EX for 36 months at 15000 miles/yr.

What would be the lease rate for March?

Thank you.

38,514Car_manHost

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92Hope 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!

16What's the 36 month lease MF and residual rates for a Sportage SX AWD w/ Navigation - 15K miles/year.

3Could 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

38,514While 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_manHost

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161638,514I'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_manHost

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16Here are the numbers:

MSRP: $32,490

Invoice: $30,185

Edmunds TMV: $30,594

Again, thanks

38,514Car_manHost

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162Good 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

38,514Car_manHost

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38,514In 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_manHost

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2Thanks 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?

38,514I used a money factor of .00027 and a residual value of 51% to calculate the above payment.

Car_manHost

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238,514Car_manHost

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1I 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.

26Do you have the money factors and residuals for the 2011 & 2012 and SX models with 12k & 15k in SoCal?

38,514The residual value for a lease with only 12,000 miles per year would be 1% higher.

I haven't seen the numbers for the 2012 Sportage yet. I'll have to see if I can find them out for you.

Car_manHost

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6For a 2011 Sportage SX, AWD, loaded, is 0.00065 MF and 44% residual a good deal? MSRP on the vehicle is $32740 with a sale price of $29182 before $1500 in rebates. Also, should the lease be calculated on the sale price before or after the rebates are applied?

Thanks,

Jason

38,514I believe that Kia is currently providing a $1,000 cash incentive on leases of this truck.

Your vehicle's capitalized cost for the purpose of calculating its monthly payment would be the selling price minus any cash incentives that the dealer is giving you.

Car_manHost

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6Jason

66Model Leased:

Option Package Selected:

Total Actual Cost Paid:

Monthly Payment:

Length of Lease:

8Can you please tell me what the October lease rates are for a 2011 and 2012 Kia Sportage SX (both 12/k and 15/k per yr mileage)

Thanks!

1I am new to leasing and would like to know if this is a good deal. We are looking at a 2012 Sportage EX with the Premium/Nav package. Here is what we were offered:

- MSRP = $28675

- Money Factor = .00128

- Residual = 55%

After some haggling, they said they could bring our payment down to around $430. I have read that the residual is high and that supposedly is good, but what about the Money Factor? Is this a good idea? I read on this site that the TMV for this vehicle is $27,913. Any feedback would be much appreciated. We may be buying two as well. What kind of additional discount would that warrant? Thank you in advance.

38,514The numbers for an otherwise identical lease of a 2011 model are .00015 and 43%.

The residual value for a lease with only 12,000 miles per year would be 1% higher.

Car_manHost

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38,514Car_manHost

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238,514Car_manHost

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3I am looking for the January lease money factor and residual for a 36 month lease (12K a year).

Thanks!

38,514Car_manHost

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7138,514The numbers for an otherwise identical lease of a Sportage SX AWD are .00213 and 54%.

Car_manHost

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1Another question. A dealership lists a 2012 Sportage for sale on Autotrader.com and lists it at a sale price of 19889. (EX FWD with conv. package, msrp of 23650). I went to a local dealership who told me that price was impossible. Not sure who or what to believe..do I drive the hour drive to see if the price is legit or is unlikely not?

At the local dealership we were quoted $23335 on an EX FWD with Conv. Pkg. Residual after 39 months of 13090. They told us the payment was going to be 379 a month (including $400 negative equity in trade and first months pymt down). The math just did not add up to me.

38,514It's difficult to say whether the selling price that you saw on-line is legit or not. Is it significantly below dealer invoice (you can look up he invoice price of this vehicle here: New Vehicle Pricing)? If so, then there's a good shot that there is some sort of catch. If it's near invoice than it may very well be real.

Car_manHost

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123This may be an atypical request... What are the MFs and Residuals for a 24-Month lease on an 2012 SX AWD with 12K miles per year?

Thank you.