Kia Cadenza Lease Questions

kyfdxkyfdx Moderator Posts: 201,014
edited May 2015 in Kia
To discuss the latest lease details for the current model, please join us in the 2015 Kia Cadenza Lease Questions forum.

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

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  • gsim6784gsim6784 Member Posts: 3
    Can you help with money factor information and residual values for the new 2014 Kia Cadenza.
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Sure gsim6784. Kia Financial Services' June buy rate lease money factor and residual value for a 36-month lease of a 2014 Cadenza with 15,000 miles per year are .00091 and 59% for consumers who qualify for its top credit tier.

    Kia is providing a $1,500 cash incentive on leases of this car right now. Make sure to take it into account when negotiating your vehicle's capitalized cost.

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  • carchick5carchick5 Member Posts: 3
    What would be a good deal for a 36 month lease with 12 k miles a year? I did not want to go over 349. A month for the lease payment. It's the luxury package I am looking at for the 2014 Cadenza.
    Thanks
  • gsim6784gsim6784 Member Posts: 3
    I can share the deal that we were able to get. After competitive car bonus and Kia lease bonus, the car (with the luxury package) was $33,630. We did a $0 upfront lease through Kia and the monthly rate is $391.19.

    Did the Smokey Blue exterior and Beige interior. A very good looking car.
  • carchick5carchick5 Member Posts: 3
    Thanks. That helps me.
  • crestonavecrestonave Member Posts: 209
    I would love to get some opinions on my ideas for what I should offer.

    I just looked at a white guy with white leather. Impressed, although I haven't driven the car yet. Sticker is 41900 with destination (loaded). I am thinking as follows:

    If I can get 4% off sticker that brings me to 40224. With the 1500 incentive from Kia plus a trade worth 2000 I would put down 3500. My tax rate is 8.63% (Suffolk County NY). The money factor is .00091 (2.184%). With a 59% residual comes to 24721. I make the payment for 36 mos to be 333.44 without tax, 362.22 with.

    Does this sound doable? Should I start here? Any thoughts, comments or suggestions would be most appreciated. Thank you!!!!!!!!!!!!!!!!!
  • carchick5carchick5 Member Posts: 3
    I signed my lease last night. I did 3 k at signing and first month payment of 349.88. It's the premium package and sticker was almost 40k with tax. 12 k a year. Really cool car. Silver with black napa leather interior.
  • tictac3tictac3 Member Posts: 78
    Got a "base" model with black on black. 12K/36mos. Gave me $500 over book on my 2011 Sonata SE and a conquest bonus for my wife's Maxima lease. $329/mo all in.
  • xkwmxkwm Member Posts: 6
    Can someone tell me what the lease payment would be? MSRP = $42,105.
    Dealer will lease for 40,105 - $2500 in incentives = Net cap of $37,605. Money factor of 0.00091 for 15,000 mile 36 month lease. Putting down $3500 cash also. Thanks! Told residual factor is 59% for 15k a year.
  • aceravaacerava Member Posts: 2
    I have a 2011 Optima on lease right now and of course the lease expires next year. I have seen the new optima and I like it EXCEPT for the lights being strangely misaligned in the back. My lease on a fully loaded SX is 446/mo. with their "Insurance". Im looking into an A4, CC, 2014 Optima or the Cadenza. I see you have all gotten your monthly payments BELOW mine which is weird. How or what can I get that out of a cadenza with 446/mo or less? Is it possible? I dont like base model cars.
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hey xkwm. The money factor and residual value that you were quoted are spot on.

    Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2014 Kia Cadenza that has an MSRP of $42,105 and a capitalized cost of $37,605 through Kia Financial Services right now for 36-months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $412.

    You definitely do not want to put $3,500 down on a lease. If your vehicle is totaled for insurance purposes there's a good chance that the money that you paid at signing essentially disappears.

    If you were to make a $2,500 capitalized cost reduction (at least $1,000 of what you're paying at signing is going to first month, fees, etc...), it would lower this car's monthly payment to around $340.

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  • xkwmxkwm Member Posts: 6
    Car Man,

    How do you keep from getting screwed? This is what the salesman sent me:

    Thanks for stopping by again this afternoon. This is Matt Smith at Hart Kia. I have looked up the chances of finding or getting you a Cadenza in here and I have found one that I am hopeful I could get. The MSRP of it is 42105. I also calculated out the figures of the lease and what it would cost. The lease is 36 month, residual with 15k miles a yr is 59%, and the money factor is .00091. I can sell you the car 40100. That is $2005 off and allows us to earn 960 off of the Cadenza and on a lease all the earning for us is only what we have as profit unlike regular purchases. This will also include 1500 lease cash and a competitive or loyalty rebate of 1000.



    12000 Miles year 15000 Miles a year

    3500 only down 365 388





    3500+ 1st payment 354 376
  • xkwmxkwm Member Posts: 6
    Car Man,

    I was with you on the first part where you said my payment would be $412. I hear you on the second part about cap cost reduction of $3500. When you came back with your example of $2500 with only $1,000 actually going as cap cost reduction, your math got fuzzy. There was no way that I could get downto $340 with $2500 down and assuming that only $1,000 went to the lease.
  • CarMan@Edmunds[email protected] Member Posts: 38,514
    Hi xkwm. If the dealer that you are currently working with is quoting you unreasonably high payments for this car you probably should comparison shop with a few other dealers.

    Car_man
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  • CarMan@Edmunds[email protected] Member Posts: 38,514
    I think that you misunderstood what I was saying. I meant that $2,500 of the $3,500 was a capitalized cost reduction with a grand probably going to fees and first payment.

    Car_man
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  • xkwmxkwm Member Posts: 6
    Okay thanks. I made the deal. The difference was the taxes, almost $1300. I feel good about the deal and the car is unbelievable. Thanks for your help!
  • ken117ken117 Member Posts: 249
    Best not to put any down payment on a lease. You risk losing it if the vehicle is totaled. Make sure the lease includes GAP. If not, check with you insurance company. Dealers grossly overprice their GAP products
  • xkwmxkwm Member Posts: 6
    All Kia's and Hyundai's have built in GAP protection. I don't see how GAP protection would help you if you put a large down payment on your car. What am I missing here? Seems like GAP would come into play when the insurance company is paying LESS than what you owe on the lease.
  • jc2527jc2527 Member Posts: 8
    Car_man,

    Can you tell me the residual for 12k miles/yr lease and 10k miles/yr lease (36 months lease)? I'm looking for '14 Cadenza with luxury pkg.

    Also - Is the MF still 0.00091?
  • jefk56jefk56 Member Posts: 4
    Hey, just wanted to thank all on here for the helpful info, as I leased a 14 Cadenza, that I already extremely like. 345 mo, includes taxes and 15k mi per year, 36 mo. I put 3145 down and that included 1st payment and aqu. fee. This was the Smokey blue w/ beige interior, lux and tech pkgs with mats, cargo tray, nets ,splash guards, door edges, etching and a couple other goodies. Own a 13 Sonata limited (wifes)very happy with that, figured this as Kia's entry to "semi lux", therefore leased and can't get burned if it has any flaws down the road. All scheduled maintenance is also covered.
    I felt it was a very solid deal for a msrp of 42.1k.
  • gregpzgregpz Member Posts: 3
    I got great deal on black Cadenza with luxury pack msrp $39160, price paid $33000
    after $2000 competitive bonus. $285 monthly with no cap reduction, taxes and fees paid separately.
    Very happy with the car, like it more then my wifes '13 Lincoln MKX. Very easy and intuitive voice command and luxurious ride.
  • marco27marco27 Member Posts: 8
    Carman - can you understand how Gregpz above got a Cadenza w/Luxury for only $285 with no cap reduction? Greg- would love to know where you leased this and the details - seems like you did a great deal. Looking for myself - any help appreciated.
  • morrislener1morrislener1 Member Posts: 2
    jefk56:

    I'm located in Central New Jersey - looks like you are too based on your posts. Please let me know the KIA dealership and [if you have it] the salesman you worked with for your Cadenza lease. My lease is up soon and I'll need something for the new year.

    Thanks very much.
  • jefk56jefk56 Member Posts: 4
    Freehold Kia. Salesman was r. Johnson, no longer there. He was very thorough, so I was surprised. Sales mgr. closed the deal, Anthony. I have to say though their aftercare has been non existent. I had to call to find out plates were in after 3 weeks. They also owe putting door edge guards on and have been less than communicative. Not end of world, but disappointing.
    Like I stated though, felt it was a fair deal bottom line.
  • ann1980ann1980 Member Posts: 1
    I am leasing a 2012 Optima SX Turbo with a 39 month lease and 15,000 miles a year. Completed 2 years on the lease. Mileage is at 32,500 miles. Dealer says I have negative equity in the car. He is trying to talk me into upgrading to a Cadenza SXL. MSRP is 43,000. So far the deal is at 3,000 down and 460.00 a month payments on a 3 year lease and 15,000 miles a year. Not sure if this is very good. Probably should not put any money down but payments would go up. Need advice.
  • rocketman18rocketman18 Member Posts: 43

    Car Man-What is the MF & RSD for 2014 Cadenza 10k 36 months?

  • kyfdxkyfdx Moderator Posts: 201,014

    @rocketman18 said:
    Car Man-What is the MF & RSD for 2014 Cadenza 10k 36 months?

    Premium model is .00095 MF and 56% residual for 36mo, 12K/yr. $3000 lease cash.

    I'm not sure if Kia has a 10K/yr program.

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  • carbuyer0860carbuyer0860 Member Posts: 4

    Looking to lease a 2014 Cadenza Premium with Luxury Package in NJ. MSRP of about $39,200.00. Received a quote of $364 for 12K and $388 for 15K both with a total of $1200 out of pocket to include monthly tax, all fees such as MV registration, dealer doc and 1st payment. Can anyone please tell me if this sounds like a good deal. Thanks.

  • rocketman18rocketman18 Member Posts: 43

    Run the numbers Just left Grgpz dealer above same exact car with same rebates should be $285 with fees and tax up front but they decided hit me up for $100 more.

    Run numbers on lease calculator it spot on shows how dealers are trying cook lease numbers!!!

  • rocketman18rocketman18 Member Posts: 43

    I reran the numbers it was $50 more than is should be with $4000 rebates tax and fees oop $364 not bad deal then!

  • carbuyer0860carbuyer0860 Member Posts: 4

    Thanks Rocketman. I actually wound up going for the Limited when I went to the dealership. I think I made out very well....MSRP $43,200. Did a 3 year lease with 15K miles per year and a total of $1200.00 out of pocket including 1st payment, tax, MV fees, Doc fee, etc. $414 per month. How did I do?

  • rocketman18rocketman18 Member Posts: 43

    Sounds good CB my guy wanted 385 with 2k down for 39k car! I walked!

  • ryan_washryan_wash washington stateMember Posts: 27

    This site has been very helpful to me so i figured i would leave my deal to help others. Here it goes.

    I leased a Kia Cadenza With the Luxury Package and a few add ons.

    MSRP = 39255.
    Price = 34800.
    Rebate = 4000 included a competitive rebate of 1000.
    My price = 30,800.
    Money Factor .00095.
    Lease Fee 595.00.
    residual 56% 3 year 12k miles.

    Zero due at signing
    Leaves me with 35 payments of......
    Base Payment 339
    8.2% sales tax = Monthly payment of $367 and change

  • MichaellMichaell ColoradoModerator Posts: 196,646

    @ryan_wash said:
    This site has been very helpful to me so i figured i would leave my deal to help others. Here it goes.

    I leased a Kia Cadenza With the Luxury Package and a few add ons.

    MSRP = 39255.
    Price = 34800.
    Rebate = 4000 included a competitive rebate of 1000.
    My price = 30,800.
    Money Factor .00095.
    Lease Fee 595.00.
    residual 56% 3 year 12k miles.

    Zero due at signing
    Leaves me with 35 payments of......
    Base Payment 339
    8.2% sales tax = Monthly payment of $367 and change

    Wow - over $4K off sticker before the rebate? Nice negotiating.

    Looks like you got yourself a fantastic deal ... enjoy your car!

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  • barrylibarryli Member Posts: 4

    Kia is offering a $1500 cash rebate this month on the purchase of a new Cadenza, combining that with the $1000 competitive rebate gives you $2500, how did you manage a $4000 rebate?

  • ryan_washryan_wash washington stateMember Posts: 27

    barryli,

    The dealers i worked with told me that the 1500 cash rebate is only for purchasing a Kia Cadenza. This month there is also a $3000 rebate if you lease a 2014 Kia Cadenza. So you add that $3000 lease bonus to the $1000 competitive and you get $4000. I have yet to see this rebate listed anywhere but the dealer told me about it.

    Also the deal keeps getting better. I was glancing over the window sticker and noticed it said complimentary maintenance. I called the dealership and they said they knew nothing about it. So I submitted a question to kia at kia.com. They called me back and explained that the complimentary maintenance ended in march but because the window sticker still had it listed that they will honor it. So on top of everything I received free oil changes for 3 years or 37500 miles.

  • barrylibarryli Member Posts: 4

    Hiding a $3000 rebate doesn't make much sense, does it?

  • ryan_washryan_wash washington stateMember Posts: 27
    There are a ton of unadvertised incentives on cars these days. Makes sense to me if I m a dealer and want to pocket the extra cash.

    All I know is they gave it to me. I don't know all the details about the rebate.
  • nonpulsednonpulsed Member Posts: 22

    HI. Requesting Money factor and residual on Cadenza Limited 24 mo / 15,000 and 36 mo/ 15,000. Thank you

  • MichaellMichaell ColoradoModerator Posts: 196,646

    @nonpulsed said:
    HI. Requesting Money factor and residual on Cadenza Limited 24 mo / 15,000 and 36 mo/ 15,000. Thank you

    24/15 - .00023 and 57%. $4000 lease cash.

    36/15 - .00009 and 47%. $4000 lease cash.

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  • nonpulsednonpulsed Member Posts: 22

    Thanks!

  • fulminofulmino Member Posts: 10
    Hello. I am curious to know what the MF and Residuals are for the Premium with 24 mo / 12K & 36 mo / 12K. Additionally, in the previous post there was a lease cash of 4K available - is this still available? Thanks!
  • kyfdxkyfdx Moderator Posts: 201,014
    fulmino said:

    Hello. I am curious to know what the MF and Residuals are for the Premium with 24 mo / 12K & 36 mo / 12K. Additionally, in the previous post there was a lease cash of 4K available - is this still available? Thanks!

    No 24 month leases for Kia

    2014? .00127 MF and 51% residual. $5000 lease cash

    2015? .00140 MF and 54% residual. $3500 lease cash

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  • fulminofulmino Member Posts: 10

    Kyfdx: 

    Thank you for your quick response!

    Can you provide the same info for a 36 month /12k lease?


  • MichaellMichaell ColoradoModerator Posts: 196,646
    fulmino said:

    Kyfdx: 

    Thank you for your quick response!

    Can you provide the same info for a 36 month /12k lease?


    The numbers quoted are for 12K miles per year.

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  • fulminofulmino Member Posts: 10

    Kyfdx: 36 month term?

  • MichaellMichaell ColoradoModerator Posts: 196,646
    fulmino said:

    Kyfdx: 36 month term?

    36/12 information, previously posted:

    2014? .00127 MF and 51% residual. $5000 lease cash

    2015? .00140 MF and 54% residual. $3500 lease cash

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  • fulminofulmino Member Posts: 10

    Kyfdx:

    Thanks for the update.  Based on prior posts, it appears the lease may be better on the Limited.

    Can you share with me the Limited 36/12 info too?

    Thanks!

  • kyfdxkyfdx Moderator Posts: 201,014
    fulmino said:

    Kyfdx:

    Thanks for the update.  Based on prior posts, it appears the lease may be better on the Limited.

    Can you share with me the Limited 36/12 info too?

    Thanks!

    2015: .00014 MF and 50% residual. $3500 lease cash.

    2014: .00006 MF and 48% residual. $5000 lease cash.

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  • vkongvkong Member Posts: 2
    Leasing a 2014 Cadenza premium with luxury and technology package. MSRP $42160, Cap cost 32394 with rebates (5000 lease rebate +1000 loyalty). 49% residual, MF .00127, $1372 drive off includes 1st lease payment. 36 month lease 15k miles/yr for a payment of $393/month pre tax. Looks like a decent deal. Any thoughts? Should I negotiate further?
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