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Entry Level Luxury Performance Sedans

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Comments

  • MichaellMichaell ColoradoPosts: 146,247
    benjaminh said:

    Michaell said:

    dino001 said:

    BTW, I looked into incentives on Stinger. Up to 9.5 grand, but only if you take the specific lease through a captive program (24 month for the highest rebate) plus 1.5K conquest and whatever else may come, which can still be a great deal, considering the residual will likely be inflated vs. real value. That's insane. I think they overproduced big time, especially those "GT+" models.

    $12,200 lease cash for 24 months on GT2 AWD.

    6 trim levels have lease cash at or above $10K for 24 month terms.

    Many, many people are "leasing", then immediately buying out the lease.
    That's a jaw-dropping lease incentive. Amazing deal.
    And, that's on top of any discount you negotiate off the MSRP.

    However, the 24/10 residual on the aforementioned GT2 AWD is only 51%, and the MF is .00191, or 4.58%.

    The GT2 stickers for north of $50K, IIRC.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • andres3andres3 Southern CAPosts: 11,556
    edited February 25
    Add $350 to any lease on a Kia if you are not buying it out due to the Key FOB scam. Also, by the way, the $400 disposition fee isn't waived if you buy another Kia (or lease). It is ONLY waived if you buy or lease through Kia Finance, and Kia Finance only.
    '16 Audi TTS quattro 2.0T, '15 Audi A4 quattro 2.0T, '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • andres3andres3 Southern CAPosts: 11,556
    benjaminh said:

    I'm still giving a hard look to the Stinger GTS. Normally you would have to beat me with a stick to consider an AWD car, but the GTS D-AWD system allows the driver to select the default F/R torque split all the way up to sending 100% of the power to the rear axle, which is also fitted with a mechanical LSD- a feature rarely found in AWD cars. My only real gripe is that the GTS isn't any faster than my 2er. I was hoping to get something legitimately quicker- running the quarter in the mid to low twelves.

    Am I remembering correctly that the KIA Stinger is build on the same basic platform as the Genesis G70?

    And did I also hear that the Stinger has lease incentives of up to $10k?

    Sounds like an amazing deal on an impressive car....

    Did you hear about the Key FOB scam the dealership and Kia Finance are in cahoots on? Basically, the way it works is they "doctor" paperwork behind closed doors to show 1 Key FOB returned, even if you returned two. Then they say the reason you weren't given a return receipt in writing on the drop off date is that the lease manager wasnt' there to do it.
    '16 Audi TTS quattro 2.0T, '15 Audi A4 quattro 2.0T, '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • tjc78tjc78 South JerseyPosts: 10,231
    edited February 25
    That's a jaw-dropping lease incentive. Amazing deal.

    Maybe not... what's the MF and residual?

    Edit... just saw that was answered. Like I thought that MF hurts.

    2017 Buick Enclave / 2019 Volvo S60 T6 Inscription

  • MichaellMichaell ColoradoPosts: 146,247
    andres3 said:

    Also, by the way, the $400 disposition fee isn't waived if you buy another Kia (or lease). It is ONLY waived if you buy or lease through Kia Finance, and Kia Finance only.

    I'm pretty sure that's the case with any captive bank.

    Not a reason to not lease from the same brand, again.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • dino001dino001 Tampa, FLPosts: 5,692
    andres3 said:


    Did you hear about the Key FOB scam the dealership and Kia Finance are in cahoots on? Basically, the way it works is they "doctor" paperwork behind closed doors to show 1 Key FOB returned, even if you returned two. Then they say the reason you weren't given a return receipt in writing on the drop off date is that the lease manager wasnt' there to do it.

    Any evidence it's a widespread problem?

    2018 430i Gran Coupe

  • dino001dino001 Tampa, FLPosts: 5,692
    Michaell said:

    benjaminh said:

    Michaell said:

    dino001 said:

    BTW, I looked into incentives on Stinger. Up to 9.5 grand, but only if you take the specific lease through a captive program (24 month for the highest rebate) plus 1.5K conquest and whatever else may come, which can still be a great deal, considering the residual will likely be inflated vs. real value. That's insane. I think they overproduced big time, especially those "GT+" models.

    $12,200 lease cash for 24 months on GT2 AWD.

    6 trim levels have lease cash at or above $10K for 24 month terms.

    Many, many people are "leasing", then immediately buying out the lease.
    That's a jaw-dropping lease incentive. Amazing deal.
    And, that's on top of any discount you negotiate off the MSRP.

    However, the 24/10 residual on the aforementioned GT2 AWD is only 51%, and the MF is .00191, or 4.58%.

    The GT2 stickers for north of $50K, IIRC.
    So, if my rough math is right, say $50K MSRP, 10K incentive, additional $2K off the sticker, we get $25K residual, i.e. $542 capital payment +$120 financial payment +whatever fees and taxes = $640+fees/taxes/month with zero down, say $700-720 per month on a short term 24-month lease. Similarly priced (MSRP) BMW 3-series (essentially entry level 330) even at higher residual (say 61%,, and lower MF, say 0.00142), if gotten with say $4K off the sticker would probably be slightly more. However, load that bimmer up to get similar equipment and performance and you're adding at least couple of hundred bucks.

    2018 430i Gran Coupe

  • stickguystickguy Posts: 36,968
    But in month 2 you buy it out for residual plus principal and much different equation.

    2019 Acura TLX A-spec 4 cyl. (mine), and 2020 Acura RDX tech SH-AWD (wife's)

  • benjaminhbenjaminh Posts: 4,998
    edited February 25
    I think the big Stinger incentives are for 2019 models, but for the Acura TLX it's for the 2020s. And so on the other hand you might consider a 2020 TLX V-6 with super-handling AWD for c. $400 a month with $2500 down, although for that you need to currently have either an Acura or another luxury brand on their list.

    https://www.acura.com/tools/current-luxury-car-suv-offers-leasing

    FEATURED STANDARD LEASE
    Expires 03/02/20
    2020 TLX 9 Speed Automatic SH-AWD Featured Special Loyalty/Conquest Lease. For well-qualified lessees who currently own a 2010 or newer Acura, Audi, BMW, Buick, Cadillac, Genesis, Honda, Infiniti, Lexus, Lincoln, Mercedes Benz or Volvo vehicle.
    $389 Per month for 36 months.
    $2,499 Total due at signing
    2018 Acura TLX 2.4 Tech 4WS (mine), 2018 Honda CR-V EX AWD (wife's)
  • dino001dino001 Tampa, FLPosts: 5,692
    stickguy said:

    But in month 2 you buy it out for residual plus principal and much different equation.

    I like that. Didn't think of it, but it sounds like an interesting plan. You'll still suffer lousy depreciation, but at least it's mitigated by the huge upfront discount and the buyout can save you some finance charges, if you use cash. If you don't have cash, then it may be better to let the lease run its course unless you can get a really low interest loan, like 2%. What are top tier open market rates for 36-48 month loans now?

    2018 430i Gran Coupe

  • roadburnerroadburner Posts: 13,083
    Michaell said:


    $12,200 lease cash for 24 months on GT2 AWD.

    6 trim levels have lease cash at or above $10K for 24 month terms.

    Many, many people are "leasing", then immediately buying out the lease.

    That's what I'm considering doing with the 2019 GTS I found It's just crazy.

    Mine: 1995 318ti Club Sport; 2014 M235i; 2009 Cooper Clubman; 1999 Wrangler; 1996 Speed Triple Challenge Cup Replica Wife's: 2015 X1 xDrive28i Son's: 2009 328i

  • andres3andres3 Southern CAPosts: 11,556
    dino001 said:

    andres3 said:


    Did you hear about the Key FOB scam the dealership and Kia Finance are in cahoots on? Basically, the way it works is they "doctor" paperwork behind closed doors to show 1 Key FOB returned, even if you returned two. Then they say the reason you weren't given a return receipt in writing on the drop off date is that the lease manager wasnt' there to do it.

    Any evidence it's a widespread problem?
    Evidence #1: It happened to me, and I don't feel particularly lucky or unlucky, I generally assume what happens to me is what happens in general. I'm usually right.

    Evidence #2: The whole Finance lease return rules, regulations, and contract (as written by Kia Finance) is fatally flawed, incompetently flawed, and rigged to benefit them, with no recourse for the customer to challenge inaccuracies short of a CSI tracking system.

    Evidence #3: Dealership said they didn't lose a Key FOB in 7 years. Makes it odd they'd burn a customer over $350 if it only happens once every 7 years, seems like a small price to pay that wouldn't dent their bottom line. What's more likely? That it happens weekly, and $350/week would put a dent in their bottom line, and therefore that's why they don't want to pay it.

    Evidence #4: Kia Finance's whole system of billing and collecting on faulty charges reeks odor. They've done this before. They seem confident they are correct.

    Bottom line is I find their "evidence" no more credible than mine, and I knows whos is right and correct.
    '16 Audi TTS quattro 2.0T, '15 Audi A4 quattro 2.0T, '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • tjc78tjc78 South JerseyPosts: 10,231
    edited February 25
    I did the math on this example:

    https://www.kiaofcherryhill.com/search/new-kia-stinger-cherry-hill-nj/?s:pr=0&cy=08002&md=7494&mk=30&tp=new

    54K MSRP. I'm thinking you get this below invoice (50,726) so let's say selling price is $49500.

    The payment here in NJ with tax and only first payment OOP is $670. Acq fee is $595, 450 doc, 400 Reg

    I like the Stinger a lot, but for nearly $700 I'd be forced to look at other options if I was set on leasing.

    2017 Buick Enclave / 2019 Volvo S60 T6 Inscription

  • tjc78tjc78 South JerseyPosts: 10,231

    2017 Buick Enclave / 2019 Volvo S60 T6 Inscription

  • benjaminhbenjaminh Posts: 4,998
    edited February 26
    Almost all entry level luxury cars are turbos these days, but this recent video by "Engineering Explained" tries to make the case for the advantages of naturally aspirated engines.

    2018 Acura TLX 2.4 Tech 4WS (mine), 2018 Honda CR-V EX AWD (wife's)
  • dino001dino001 Tampa, FLPosts: 5,692
    Evidence of one. You should run for a state attorney, you’ll fit right in.

    2018 430i Gran Coupe

  • breldbreld Posts: 4,838

    Michaell said:


    $12,200 lease cash for 24 months on GT2 AWD.

    6 trim levels have lease cash at or above $10K for 24 month terms.

    Many, many people are "leasing", then immediately buying out the lease.

    That's what I'm considering doing with the 2019 GTS I found It's just crazy.

    It makes sense and is easy enough to do.

    I did it on a Passat a while back. And a friend of my wife's wanted a Kona last year - the incentives were significant but specific to a lease, so I helped her get the lease done and then she bought it out within a month or two.

    Lease incentives on my V90 XC were similar to the Stinger deal, to the point I got nearly $20k off MSRP. As with the Kia, the money factor equates to an interest rate around 5%, so I've considered buying out the lease to reduce the interest expense. I may still do it, but with average rates around 3.5%, it doesn't actually save a lot of money, and I lose the risk reduction with being under a lease.

    2019 Volvo V90 XC - 2019 MB GLC300 Coupe - 2014 BMW 228i

  • andres3andres3 Southern CAPosts: 11,556
    edited February 26
    dino001 said:

    Evidence of one. You should run for a state attorney, you’ll fit right in.

    Ha! Funny, my calculation is the following:

    I think they might win the argument in Court that my beef is with the Dealership, not with Kia Finance (though nothing is guaranteed).

    My calculation is I'm not suing anyone for less than 4 figures, and $350 falls below my threshold to take the Dealership to small claims court.

    My calculation is that Kia Finance nor their collectors will sue me for less than 4 figures either, and $350 will fall below their threshold.

    We will just all agree to hate each other, and there will be no suing. If there is suing, I'll sue. Let the games begin, but I'll let them throw the first punch.
    '16 Audi TTS quattro 2.0T, '15 Audi A4 quattro 2.0T, '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • stickguystickguy Posts: 36,968
    they don't have to sue. They can just turn it over to their collection agency, who's primary mission is life is to make your life miserable over chump change.

    2019 Acura TLX A-spec 4 cyl. (mine), and 2020 Acura RDX tech SH-AWD (wife's)

  • kyfdxkyfdx Posts: 152,577
    stickguy said:

    they don't have to sue. They can just turn it over to their collection agency, who's primary mission is life is to make your life miserable over chump change.

    And, affect your credit rating

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • andres3andres3 Southern CAPosts: 11,556
    kyfdx said:

    stickguy said:

    they don't have to sue. They can just turn it over to their collection agency, who's primary mission is life is to make your life miserable over chump change.

    And, affect your credit rating
    I suppose the credit score keepers are in the pocket of the banks...... but at least there, there is a system in place to dispute inaccuracies. You can probably thank the Democrats for this Consumer protection. One of the good things they have done, as was HARP 2.0. (though CASH4CLUNKERS and bailouts were an abomination).
    '16 Audi TTS quattro 2.0T, '15 Audi A4 quattro 2.0T, '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • andres3andres3 Southern CAPosts: 11,556
    stickguy said:

    they don't have to sue. They can just turn it over to their collection agency, who's primary mission is life is to make your life miserable over chump change.

    I'm beginning to see that and experience it first hand. Though I think I can stop it by sending a "cease and desist" letter. We'll see.
    '16 Audi TTS quattro 2.0T, '15 Audi A4 quattro 2.0T, '19 VW Tiguan SEL 4-Motion AWD 2.0T
  • benjaminhbenjaminh Posts: 4,998
    edited April 6
    Entry-level luxury sales in the US for the first three months of 2020....

    Smaller sedans:
    ILX 2,741
    A3 2,237
    2series 1,772
    Regal 1,202
    CT4 41

    Midsize sedans
    3series 10,613
    ES 9,247
    Q50 5,757
    TLX 5,484
    A4 3,949
    MKZ 3,482
    CT5 3,000
    IS 2,712
    S60 2,635
    G70 2,074
    Giulia 1,759
    2018 Acura TLX 2.4 Tech 4WS (mine), 2018 Honda CR-V EX AWD (wife's)
  • MichaellMichaell ColoradoPosts: 146,247
    benjaminh said:

    Entry-level luxury sales in the US for the first three months of 2020....

    Smaller sedans:
    ILX 2,741
    A3 2,237
    2series 1,772
    Regal 1,202
    CT4 41

    Midsize sedans
    3series 10,613
    ES 9,247
    Q50 5,757
    TLX 5,484
    A4 3,949
    MKZ 3,482
    CT5 3,000
    IS 2,712
    S60 2,635
    G70 2,074
    Giulia 1,759

    Where's the Tesla Model 3?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • benjaminhbenjaminh Posts: 4,998
    edited April 6
    Michaell said:



    Where's the Tesla Model 3?

    In its own category. I think it sells as much as almost all of these combined.
    2018 Acura TLX 2.4 Tech 4WS (mine), 2018 Honda CR-V EX AWD (wife's)
  • laurasdadalaurasdada Posts: 3,613
    benjaminh said:

    Entry-level luxury sales in the US for the first three months of 2020....

    Smaller sedans:
    ILX 2,741
    A3 2,237
    2series 1,772
    Regal 1,202
    CT4 41

    Midsize sedans
    3series 10,613
    ES 9,247
    Q50 5,757
    TLX 5,484
    A4 3,949
    MKZ 3,482
    CT5 3,000
    IS 2,712
    S60 2,635
    G70 2,074
    Giulia 1,759

    Where are the Jaguar....oh, never mind...

    '13 Jaguar XF, possibly my favorite of all the cars I've owned. But, my '09 Jag XK was a beauty, as was my '05 Acura TL, '88 Acura Integra, '84 Mitsubishi Mirage Turbo & '78 VW Scirocco (my first!). And, of course, the '92 Nissan Sentra SE-R and '95 Saab 900s I bought for the ex... Ok, I like a lot of the cars in my life.

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