2015 Kia Optima Lease Questions

jordan0826

We would need to know the selling price in order to model a payment. 

We do not recommend making a down payment in a lease - if the car is stolen or totaled, you lose that money. 

The MSRP is $34,600 and the reason I'm making such a large Downpayment is because I cant have a high monthly ($3500 down) but I wanted to know how much lease cash is offered this month. This will be my first car I ever have I will be 17 with my mom signing both of us don't know a lot about negotiating, and we don't want to get ripped off. (I will be paying the monthly bill so I wanted it to be under $305 to $320 a month which is lower than my income.

ral2167

Your first car shouldn't be a 34k car. Get a used one. Your logic of putting down a high down payment so your payments are lower goes against leasing 101. Get a used sccord or camry.

Michaell

jordan0826 said:

We would need to know the selling price in order to model a payment. 

We do not recommend making a down payment in a lease - if the car is stolen or totaled, you lose that money.  The MSRP is $34,600 and the reason I'm making such a large Downpayment is because I cant have a high monthly ($3500 down) but I wanted to know how much lease cash is offered this month. This will be my first car I ever have I will be 17 with my mom signing both of us don't know a lot about negotiating, and we don't want to get ripped off. (I will be paying the monthly bill so I wanted it to be under $305 to $320 a month which is lower than my income.  

You can lease a new Accord or Camry for under $300/mo with less than $1000 out of pocket pretty easily. 

jordan0826

ral2167 said:

Your first car shouldn't be a 34k car. Get a used one. Your logic of putting down a high down payment so your payments are lower goes against leasing 101. Get a used sccord or camry.

Yeah it would make a lot more sense to buy a used car but my Mom doesnt want me to drive a used one so this was the next best option. My original idea was to buy a used subaru with the dual sunroof which is something I really want in my first car. Since my family wants me to get a new car and I wanted a Panoramic/dual Sunroof under $305 a month I came up with the Kia Optima but idk how much i should put down now but i know i have to be in or under the low $300's a month, preferably under $280.... Any info will help

jordan0826

I like both the Kia Optima EX with/premium and tech packages as well as the SX-Turbo with the same packages but I would like the power of the SXT but prefer how much cheaper the EX would be, any idea how much lease cash they are offering currently so I can have an idea of what i would have to pay?
-- EX = $30,000 3/36k
-- SX = $34,600 3/36k
How much should I put down? ( I can go up to $3500) under $305
How much lease cash are they giving right now?
In Sacramento, CA this will be my first car.

limitbreak

What's the MF, Residual, dealer and lease cash on the SX and SX-T in So Cal, it would be great for 24 months lease, thanks.

kyfdx

limitbreak said:

What's the MF, Residual, dealer and lease cash on the SX and SX-T in So Cal, it would be great for 24 months lease, thanks.

SX: .00098 MF and 55% residual for 24mo, 12K/yr.
SXT: .00122 MF and 57% residual for 24/12

$5500 lease cash on either model

limitbreak

kyfdx said:

limitbreak said:

What's the MF, Residual, dealer and lease cash on the SX and SX-T in So Cal, it would be great for 24 months lease, thanks.

SX: .00098 MF and 55% residual for 24mo, 12K/yr.
SXT: .00122 MF and 57% residual for 24/12

$5500 lease cash on either model

Hello,

I got quoted with $1500 2015 Kia Optima Customer Cash off MSRP, is that combinable, or the dealer assumed I was going to buy ?

Thanks again.

kyfdx

limitbreak said:

kyfdx said:

limitbreak said:

What's the MF, Residual, dealer and lease cash on the SX and SX-T in So Cal, it would be great for 24 months lease, thanks.

SX: .00098 MF and 55% residual for 24mo, 12K/yr.
SXT: .00122 MF and 57% residual for 24/12

$5500 lease cash on either model

Hello,

I got quoted with $1500 2015 Kia Optima Customer Cash off MSRP, is that combinable, or the dealer assumed I was going to buy ?

Thanks again.

Don't know... but, I'd guess that isn't compatible with the lease cash.

jordan0826

whats the residual and MF on a 2015 optima EX for
15k/36m and 12k/36m
in Sacramento,CA

kyfdx

jordan0826 said:

whats the residual and MF on a 2015 optima EX for
15k/36m and 12k/36m
in Sacramento,CA

.00052 MF and 50%/52% residual. $3000 lease cash

jordan0826

Hello again I have decided on the Kia Optima Hybrid EX just wanted to know the
residual and MF as well as lease cash offers in Sacramento,CA

jordan0826

2015 kia optima EX hybrid.

Michaell

jordan0826 said:

Hello again I have decided on the Kia Optima Hybrid EX just wanted to know the
residual and MF as well as lease cash offers in Sacramento,CA

jordan0826 said:

2015 kia optima EX hybrid.

What lease term and how many miles per year?

jordan0826

2015 kia optima ex hybrid
36m/15k miles
2015 kia optima SX-t
36m/15k miles
MF & Residual ???

kyfdx

jordan0826 said:

2015 kia optima ex hybrid
36m/15k miles
2015 kia optima SX-t
36m/15k miles
MF & Residual ???

Hybrid: .00059 MF and 48% residual. $5000 lease cash

SXT: .00068 MF and 50% residual. $3500 lease cash

nike220

What's the MF and residual for LX 12K/36 months  in New York?  Any cash rebates or incentives?  

kyfdx

nike220 said:

What's the MF and residual for LX 12K/36 months  in New York?  Any cash rebates or incentives?  

.00063 MF and 54% residual. $3000 lease cash

lesseefair

Hello.

Residual value and MF for a 2015 Optima LX for 24/12 in Wisconsin, please.

A dealer here is advertising $99.00 per month for 24 months--including $4500 lease cash (and a $500 military and $400 college grad, neither of which would apply to me).

$0 down, $0 due at signing, $0 first month's payment. "Sign and drive."

If I tack on the $900.00 for the inapplicable military/grad, and divide by 24, that adds $37.50 per month to the $99.00 base payment (before MF and state taxes).

$136.50/month for an Optima LX for 24 months before interest and taxes is still a great deal, no?

Sounds suspect... LOL

Thanks for your help!

kyfdx

lesseefair said:

Hello.

Residual value and MF for a 2015 Optima LX for 24/12 in Wisconsin, please.

A dealer here is advertising $99.00 per month for 24 months--including $4500 lease cash (and a $500 military and $400 college grad, neither of which would apply to me).

$0 down, $0 due at signing, $0 first month's payment. "Sign and drive."

If I tack on the $900.00 for the inapplicable military/grad, and divide by 24, that adds $37.50 per month to the $99.00 base payment (before MF and state taxes).

$136.50/month for an Optima LX for 24 months before interest and taxes is still a great deal, no?

Sounds suspect... LOL

Thanks for your help!

.00060 MF and 58% residual. $4500 lease cash.

Yeah... if you can drive that car for $160/mo. for 24 months, it's a great deal.

lesseefair

Thanks, man. Appreciate it.

Yeah, sounds too good to be true, no?

Not sure what the catch might be. I'm approaching my second lease, so I know how to crunch the numbers--and I don't see how they can slip anything in when they're advertising the $4500 lease cash, and their verbiage is "$99.00 per month. $0 down, $0 due at signing, $0 first month's payment."

There's no verbiage in their ad about a cap cost reduction, etc.

$595.00 acquisition fee is requested up front--but could be rolled into the lease, I'm sure (raising the monthly payment, of course).

If the MF/interest is .00060/1.44%, and a residual of 58%, what could I be missing?

24 payments at $136.50 equals $3276.00, meaning the 58% residual is only $3276.00 less than the negotiated price. But $4500.00 lease cash would bring down the MSRP...

Thanks, again. I'd prefer an AWD (I'm in WI), but to drive a decent car for just 24 months at $160.00/month, all inclusive, might be too good to pass up.

kyfdx

lesseefair said:

Thanks, man. Appreciate it.

Yeah, sounds too good to be true, no?

Not sure what the catch might be. I'm approaching my second lease, so I know how to crunch the numbers--and I don't see how they can slip anything in when they're advertising the $4500 lease cash, and their verbiage is "$99.00 per month. $0 down, $0 due at signing, $0 first month's payment."

There's no verbiage in their ad about a cap cost reduction, etc.

$595.00 acquisition fee is requested up front--but could be rolled into the lease, I'm sure (raising the monthly payment, of course).

If the MF/interest is .00060/1.44%, and a residual of 58%, what could I be missing?

24 payments at $136.50 equals $3276.00, meaning the 58% residual is only $3276.00 less than the negotiated price. But $4500.00 lease cash would bring down the MSRP...

Thanks, again. I'd prefer an AWD (I'm in WI), but to drive a decent car for just 24 months at $160.00/month, all inclusive, might be too good to pass up.

The one thing you don't have is CAP cost or selling price..

And.... if the acquisition fee is extra, they've already contradicted their own ad, so anything is up for grabs, there. If you are truly interested in that model, go check it out and be ready to deal. (or, call and ask for the CAP cost of the deal in the ad.. but, good luck with that).

lesseefair

Just called and spoke with the Sales Manager.

In order to achieve the $99.00 per month, they're citing the required "tax, title and license" fees to be $2,100.00!

Can you believe it???

(Of course you can... You're a pro at this...)

Tax, title and license! $2,100.00! OMG...

Michaell

lesseefair said:

Just called and spoke with the Sales Manager.

In order to achieve the $99.00 per month, they're citing the required "tax, title and license" fees to be $2,100.00!

Can you believe it???

(Of course you can... You're a pro at this...)

Tax, title and license! $2,100.00! OMG...

I was under the impression that WI taxed the monthly payment, not collect the tax for the entire lease up front (or tax the entire selling price of the car, as is the case in a number of other states).

I could be wrong, however ...

lesseefair

You are correct about that. I'm presently live in WI and am finishing up a lease that commenced in WI.

You pay 5.6% sales tax only on your monthly payment, after money factor/interest is applied.

I simply thought this dealer was applying their verbiage randomly, to serve them--not that it's actually based on anything legitimate.

Having written that, I would think that title and license fees are State mandated--and can't be stretched, willy-nilly. The cost of a title for a vehicle is the cost of a title for a vehicle, and the cost of license plates for a vehicle is the cost of license plates for a vehicle...

Wonder how they're getting away with burying $2,100.00 under the terms "tax, title and license fees"...

Michaell

lesseefair said:

You are correct about that. I'm presently live in WI and am finishing up a lease that commenced in WI.

You pay 5.6% sales tax only on your monthly payment, after money factor/interest is applied.

I simply thought this dealer was applying their verbiage randomly, to serve them--not that it's actually based on anything legitimate.

Having written that, I would think that title and license fees are State mandated--and can't be stretched, willy-nilly. The cost of a title for a vehicle is the cost of a title for a vehicle, and the cost of license plates for a vehicle is the cost of license plates for a vehicle...

Wonder how they're getting away with burying $2,100.00 under the terms "tax, title and license fees"...

Sounds like some additional questioning is in order.

lesseefair

Even though the Sales Manager informed me that the $99.00/month requires a $2,100.00 tax, title and license fee, I revisited the site, and see that it actually reads, "Tax, title, license AND DOC FEE extra."

If push were to come to shove, I'm sure the $2,100.00 falls under the "doc fee" verbiage.

kyfdx

lesseefair said:

Even though the Sales Manager informed me that the $99.00/month requires a $2,100.00 tax, title and license fee, I revisited the site, and see that it actually reads, "Tax, title, license AND DOC FEE extra."

If push were to come to shove, I'm sure the $2,100.00 falls under the "doc fee" verbiage.

Yeah.... if you've done a lot of local shopping over the years, you get a feel for the ads that are straightforward and which ones are BS. Even the straightforward ones have to be examined for gotchas.

miadem

What are the residual and MF for EX, 24 month and 36 month, 10K mi, in New Jersey
thanks

Michaell

miadem said:

What are the residual and MF for EX, 24 month and 36 month, 10K mi, in New Jersey
thanks

24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash

miadem

thanks! certainly a higher interest rate for optima compared with altima. altima is virtually zero at this point.

Michaell

miadem said:

thanks! certainly a higher interest rate for optima compared with altima. altima is virtually zero at this point.

But does the Altima have the lease cash?

miadem

Is the lease cash over and above the negotiated selling price? I've always thought that you should negotiate a selling price regardless of the decision to purchase vs. lease. thanks

Michaell

miadem said:

Is the lease cash over and above the negotiated selling price? I've always thought that you should negotiate a selling price regardless of the decision to purchase vs. lease. thanks

Correct .. negotiate your best price, then have the dealer subtract the lease cash from it. It's important to realize that there are different incentives for buying versus leasing ... and that they aren't compatible.

alex801

Hi, could you please provide the current leasing numbers for August for 2015 Optima EX; 36 month lease with 12k/yr; Florida. Thank you very much!

Michaell

alex801 said:

Hi, could you please provide the current leasing numbers for August for 2015 Optima EX; 36 month lease with 12k/yr; Florida. Thank you very much!

Current Kia numbers are valid until 9/8/15.

EX 36/12 in Florida - .00129 and 52%. $4000 lease cash.

alex801

Michaell said:

alex801 said:

Hi, could you please provide the current leasing numbers for August for 2015 Optima EX; 36 month lease with 12k/yr; Florida. Thank you very much!

Current Kia numbers are valid until 9/8/15.

EX 36/12 in Florida - .00129 and 52%. $4000 lease cash.

Thank you Michael.

miadem

Hi - could you provide New Jersey RV, MF and cash for EX 36/12k and 36/10k?
thanks very much

Michaell

miadem said:

Hi - could you provide New Jersey RV, MF and cash for EX 36/12k and 36/10k?
thanks very much

.00099 and 52% for 36/12. $4000 lease cash.

Add 1% for 10K

mrtrance

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

kyfdx

mrtrance said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash
.00129 MF and 52% residual. $4000 lease cash

Don't think Kia offer a 10K/yr allowance on the Optima

mrtrance

kyfdx said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash .00129 MF and 52% residual. $4000 lease cash Don't think Kia offer a 10K/yr allowance on the Optima

Mitchell gave 10K numbers for someone in NJ in earlier posts.  Shouldn't it be available for California as well?


24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash

Michaell

mrtrance said:

kyfdx said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash
.00129 MF and 52% residual. $4000 lease cash

Don't think Kia offer a 10K/yr allowance on the Optima

Mitchell gave 10K numbers for someone in NJ in earlier posts.  Shouldn't it be available for California as well?


24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash


My apologies .. no 24 month, 10K lease option available for Kia; just 36 and 48 month terms.

Add 1% to the 12K residuals if you would like 10K miles per year.

mrtrance

Michaell said:

kyfdx said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash .00129 MF and 52% residual. $4000 lease cash Don't think Kia offer a 10K/yr allowance on the Optima

Mitchell gave 10K numbers for someone in NJ in earlier posts.  Shouldn't it be available for California as well?


24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash

My apologies .. no 24 month, 10K lease option available for Kia; just 36 and 48 month terms. Add 1% to the 12K residuals if you would like 10K miles per year.

Michaell said:

kyfdx said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash .00129 MF and 52% residual. $4000 lease cash Don't think Kia offer a 10K/yr allowance on the Optima

Mitchell gave 10K numbers for someone in NJ in earlier posts.  Shouldn't it be available for California as well?


24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash

My apologies .. no 24 month, 10K lease option available for Kia; just 36 and 48 month terms. Add 1% to the 12K residuals if you would like 10K miles per year.

Interesting that the MF for SoCal is not the same as NJ.  Usually in SoCal we get the best and lowest MF when there is a range for period.  

Michaell

mrtrance said:

Michaell said:

mrtrance said:

kyfdx said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash
.00129 MF and 52% residual. $4000 lease cash

Don't think Kia offer a 10K/yr allowance on the Optima

Mitchell gave 10K numbers for someone in NJ in earlier posts.  Shouldn't it be available for California as well?


24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash

My apologies .. no 24 month, 10K lease option available for Kia; just 36 and 48 month terms.

Add 1% to the 12K residuals if you would like 10K miles per year.

Michaell said:

kyfdx said:

Can you give the lease numbers for 2015 EX for Southern California for 24/36 and 10K/12K? Thanks. 

.00058 MF and 57% residual. $4500 lease cash
.00129 MF and 52% residual. $4000 lease cash

Don't think Kia offer a 10K/yr allowance on the Optima

Mitchell gave 10K numbers for someone in NJ in earlier posts.  Shouldn't it be available for California as well?


24/10 - .00029 and 58%. $4500 lease cash
36/10 - .00099 and 53%. $4000 lease cash


My apologies .. no 24 month, 10K lease option available for Kia; just 36 and 48 month terms.

Add 1% to the 12K residuals if you would like 10K miles per year.

Interesting that the MF for SoCal is not the same as NJ.  Usually in SoCal we get the best and lowest MF when there is a range for period.  

Kia has three set of lease numbers ... go figure.

greatmf

Hi, Could you provide Texas RV, MF and Lease Cash for LX and EX 24/12k? Thank you.

Michaell

greatmf said:

Hi, Could you provide Texas RV, MF and Lease Cash for LX and EX 24/12k? Thank you.

LX - .00060 and 58%

EX - .00058 and 57%

$4500 lease cash for both

greatmf

Michaell,

Thanks a lot with your help. Just got the Optima LX.
24/12k Lease
$230/mo, $0 out of pocket, and the dealer paid the first month payment
MSRP was $23,325
Not sure how the numbers broke down at the end but seemed like a good deal.

Michaell

greatmf said:

Michaell,

Thanks a lot with your help. Just got the Optima LX.
24/12k Lease
$230/mo, $0 out of pocket, and the dealer paid the first month payment
MSRP was $23,325
Not sure how the numbers broke down at the end but seemed like a good deal.

Nice deal - enjoy your new Optima.

If the same deals are available next fall, I'll have to seriously consider an Optima as my next lease.

aaroninfamous

Can someone please provide the MF, residual and lease cash for a 15 Optima EX w/ premium package - New York State