2016 Kia Sorento Lease Questions

jmoyer1881jmoyer1881 Posts: 19
edited May 2015 in Kia
To research local dealer inventory and pricing, reviews, features, and specifications, see Edmunds 2016 Kia Sorento page.


Does anyone know the money factor and residual value for the 2016 Kia Sorento EX FWD for 36/12? I am located in MD. Any help is appreciated. Thanks.
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  • kyfdxkyfdx Posts: 185,442

    Does anyone know the money factor and residual value for the 2016 Kia Sorento EX FWD for 36/12? I am located in MD. Any help is appreciated. Thanks.


    .00090 MF and 60% residual. $1500 lease cash

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

    Edmunds Moderator

  • Thanks. The help is appreciated.
  • jpdill5jpdill5 Geneva, ILPosts: 14
    Does anyone know the money factor and residual for a 36 months, 15k miles 2016 Sorento SX AWD in Illinois?
  • MichaellMichaell ColoradoPosts: 180,432
    jpdill5 said:

    Does anyone know the money factor and residual for a 36 months, 15k miles 2016 Sorento SX AWD in Illinois?

    .00098 and 59%. $500 lease cash.

    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

  • Hi, I am looking for MF/Residual on a 2016 Limited V6 AWD for 10k miles for 36 months or 42. I am also considering the SX V6, so I am wondering if the rates are different.
  • MichaellMichaell ColoradoPosts: 180,432
    arandazzo said:

    Hi, I am looking for MF/Residual on a 2016 Limited V6 AWD for 10k miles for 36 months or 42. I am also considering the SX V6, so I am wondering if the rates are different.

    What state? The Kia numbers are regional.

    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

  • eddieflasheddieflash Posts: 12
    edited February 2015
    Evening...any #s for a the '16 Sorrento? I was able to get from a few #s from a local dealership when I stopped in recently... '16 LX V6 AWD

    MSRP: $32,355
    Residual: $19,407
    Term: 42 month(12K/per year)
    DAS: $1,805
    Payment: $336 (Rhode Island taxes included)

    They didn't give me a breakdown of the Money Rate/Available Rebates since I was in a bit of a rush...I'm thinking about going back and discussing further but would like to try to fill in as many blanks as possible on my own.

    Also do the rebates available on the '16 Sorrentos vary depending on the Trim and or Term of the lease? Can I realistically expect to get the purchase price of the vehicle BELOW MSRP since the cars are so new? Finally, is a Tier 4 credit level a "good" level with Kia? They told me my credit falls in that Tier and that seemed low for me since I believe I'm about a 680 score.
  • kyfdxkyfdx Posts: 185,442

    Evening...any #s for a the '16 Sorrento? I was able to get from a few #s from a local dealership when I stopped in recently... '16 LX V6 AWD

    MSRP: $32,355
    Residual: $19,407
    Term: 42 month(12K/per year)
    DAS: $1,805
    Payment: $336 (Rhode Island taxes included)

    They didn't give me a breakdown of the Money Rate/Available Rebates since I was in a bit of a rush...I'm thinking about going back and discussing further but would like to try to fill in as many blanks as possible on my own.

    Also do the rebates available on the '16 Sorrentos vary depending on the Trim and or Term of the lease? Can I realistically expect to get the purchase price of the vehicle BELOW MSRP since the cars are so new? Finally, is a Tier 4 credit level a "good" level with Kia? They told me my credit falls in that Tier and that seemed low for me since I believe I'm about a 680 score.


    .00149 MF and 60% residual. $500 lease cash.. for top tier. Tier 4 adds .00020 for .00169

    I would ask them what selling price they are using to get that number, because it obviously includes a discount from MSRP.. Doesn't seem to bad, on the surface..

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

    Edmunds Moderator

  • Thank you VERY much for the info...I plan on going in tomorrow morning and will share with the group the additional info I get
  • eddieflasheddieflash Posts: 12
    edited February 2015
    Here's my follow up guys...'16 AWD V6 LX

    $32,345 MSRP

    $31,741 Gross Cap (1.9% UNDER MSRP and $577 OVER TruCar Estimate)
    -$2,558 ($1,500 of this is rebates, Lease/Competitive)

    $29,183 Adj Cap Cost
    $19,407 Residual (60%)

    .00169 MF (converts to 4.06%...that's with a 672 credit score)

    Monthly Payment $303 for 42 months (does NOT include taxes...$336.94/m AFTER Rhode Island Taxes
    $1800 Due at signing (from what I can tell they are using $1,058 to go to cap cost reduction and $742 to go to fees)

    I think its a decent deal considering (from what I can tell) the ONLY fees they are charging me is the bank fee ($595)and registration fees ($147)

    Can't do much about the MF (due to my credit) and looks like the Gross Cap is ONLY made up of the sale price of the car (I know usually this is where they can throw in some additional fees)...THOUGHTS?

    Feel free to ask any questions if I've failed to put up any info you might need/want
  • MichaellMichaell ColoradoPosts: 180,432

    Here's my follow up guys...'16 AWD V6 LX

    $32,345 MSRP

    $31,741 Gross Cap (1.9% UNDER MSRP and $577 OVER TruCar Estimate)
    -$2,558 ($1,500 of this is rebates, Lease/Competitive)

    $29,183 Adj Cap Cost
    $19,407 Residual (60%)

    .00169 MF (converts to 4.06%...that's with a 672 credit score)

    Monthly Payment $303 for 42 months (does NOT include taxes...$336.94/m AFTER Rhode Island Taxes
    $1800 Due at signing (from what I can tell they are using $1,058 to go to cap cost reduction and $742 to go to fees)

    I think its a decent deal considering (from what I can tell) the ONLY fees they are charging me is the bank fee ($595)and registration fees ($147)

    Can't do much about the MF (due to my credit) and looks like the Gross Cap is ONLY made up of the sale price of the car (I know usually this is where they can throw in some additional fees)...THOUGHTS?

    Feel free to ask any questions if I've failed to put up any info you might need/want

    Even with the inflated MF, it looks like a pretty decent deal.

    However, when I plug your numbers into my spreadsheet, I get a pre-tax payment of $314.88. So, you seem to be ahead of the game with only $303 before tax.

    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

  • ajfreshajfresh Los Angeles AreaPosts: 11
    NEED HELP!

    I'm compelled to pull the trigger on a '16 SXL before the current incentives expire (3/3). This is the lease deal I'm being quoted by my local dealer. Can anyone confirm its legit?

    SXL V6 with tech package
    35 months
    12K
    Gross Cap $39,717
    $2500 cap reduction
    MF .00064
    Payment $496+


    Should I or shouldn't I?

  • nyccarguynyccarguy Stamford, CTPosts: 14,623
    What's the car's MSRP?

    Don't make a $2,500 cap reduction. If your Kia gets stolen or totaled at any time during the lease, you lose that money.

    What is the sales tax rate where you are?

    2001 Prelude Type SH, 2017 Pilot Touring AWD, 2019 Tacoma TRD Sport 4WD

  • ajfreshajfresh Los Angeles AreaPosts: 11
    I can't say for certain as the dealer is trying to acquire the model but I believe its around $44,300 for that model. Tax rate is 9%
  • MichaellMichaell ColoradoPosts: 180,432
    ajfresh said:

    NEED HELP!

    I'm compelled to pull the trigger on a '16 SXL before the current incentives expire (3/3). This is the lease deal I'm being quoted by my local dealer. Can anyone confirm its legit?

    SXL V6 with tech package
    35 months
    12K
    Gross Cap $39,717
    $2500 cap reduction
    MF .00064
    Payment $496+


    Should I or shouldn't I?

    ajfresh said:

    I can't say for certain as the dealer is trying to acquire the model but I believe its around $44,300 for that model. Tax rate is 9%

    I'll assume FWD since you are in CA ... 36/12 numbers for the 2016 SXL FWD are .00064 and 55%. $1500 lease cash, which I assume is built into your gross cap number.

    I'm calculating a pre-tax, $0 cap cost reduction (I agree with @nyccarguy‌ on this; down payments on a lease are a bad idea) payment of $467.46/mo; 9% tax takes the payment to $509.53.

    Your quote of $496/mo pre-tax is a bit high. Either there is a disconnect on the cap cost, or the dealer is inflating the MF for extra profit.

    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

  • ajfreshajfresh Los Angeles AreaPosts: 11
    Thank you!
  • ck90211ck90211 Posts: 158
    edited March 2015
    Looking for current MF, residual and any incentives on 2016 LX or EX V6 AWD with 3rd row. I'm in Maryland. Thank you.

  • kyfdxkyfdx Posts: 185,442
    ck90211 said:

    Looking for current MF, residual and any incentives on 2016 LX or EX V6 AWD with 3rd row. I'm in Maryland. Thank you.

    36mo, 12K/yr

    LX: .00153 MF and 64% residual. $500 lease cash

    EX: .00097 MF and 59% residual. $500 lease cash

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

    Edmunds Moderator

  • cars_are_funcars_are_fun NJPosts: 12
    I am looking at leasing a 2016 AWD Limited V6 w/limited technology package in NJ. I would appreciate the residual and MF for the 24 month lease for 12k and 15k miles a year. If 24 month not available please supply 36 but I think they are running a 24 month program here. I believe the bank fee is $595. Could someone confirm that for me and let me know if there is any turn in fee at lease end. Thanks so much for the help!
  • hddeucehddeuce Posts: 17
    I'm looking for lease info on a 2015 & 2016 Kia Sorento LX 15K miles 36 months. I'm in SW Florida. Thanks in advance.
  • I would greatly appreciate it if you could provide me with the Mar3ch numbers for the 2016 Kia Sorrento EX FWD with the Premium Package as well as the Sorrento EX FWD with the Touring Package. I live in NC. Looking for lease cash, residual value, and money factor. Looking at 36, 42, and 48 months with 10k miles. Thanks again!
  • kyfdxkyfdx Posts: 185,442

    I am looking at leasing a 2016 AWD Limited V6 w/limited technology package in NJ. I would appreciate the residual and MF for the 24 month lease for 12k and 15k miles a year. If 24 month not available please supply 36 but I think they are running a 24 month program here. I believe the bank fee is $595. Could someone confirm that for me and let me know if there is any turn in fee at lease end. Thanks so much for the help!

    .00093 MF and 65%/63% residual for 24mo, 12K/15K/yr lease. $2500 lease cash.

    I don't know the KMF acquisition fee, but $595 seems likely.

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

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 180,432
    hddeuce said:

    I'm looking for lease info on a 2015 & 2016 Kia Sorento LX 15K miles 36 months. I'm in SW Florida. Thanks in advance.

    I'll assume FWD since you are in Florida.

    2016 2.4 - .00091 and 57 %. $500 lease cash

    2016 3.3 - .00137 and 60%. $500 lease cash

    2015 2.4 - .00102 and 53%. $2500 lease cash

    2015 3.3 - .00107 and 54%. $2500 lease cash

    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

  • MichaellMichaell ColoradoPosts: 180,432
    herby2132 said:

    I would greatly appreciate it if you could provide me with the Mar3ch numbers for the 2016 Kia Sorrento EX FWD with the Premium Package as well as the Sorrento EX FWD with the Touring Package. I live in NC. Looking for lease cash, residual value, and money factor. Looking at 36, 42, and 48 months with 10k miles. Thanks again!

    No 42 month numbers. Specific option groups do not affect the numbers.

    Which engine - 2.0T or 3.3 V6?

    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

  • codythocodytho Posts: 5
    Looking for some info in MN on 2016 Kia Sorento AWD SXL Tech. Gross Cap. MF. Residual
  • codythocodytho Posts: 5
    36 Mo 15k lease sorry
  • Looking for the 2.0T figures. Thanks!

  • kyfdxkyfdx Posts: 185,442
    Michaell said:

    herby2132 said:

    I would greatly appreciate it if you could provide me with the Mar3ch numbers for the 2016 Kia Sorrento EX FWD with the Premium Package as well as the Sorrento EX FWD with the Touring Package. I live in NC. Looking for lease cash, residual value, and money factor. Looking at 36, 42, and 48 months with 10k miles. Thanks again!

    No 42 month numbers. Specific option groups do not affect the numbers.

    Which engine - 2.0T or 3.3 V6?

    herby2132 said:

    Looking for the 2.0T figures. Thanks!


    .00080 MF and 59% residual. $500 lease cash. 36/10

    .00015 MF and 49% residual. $500 lease cash. 48/10

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

    Edmunds Moderator

  • kyfdxkyfdx Posts: 185,442
    codytho said:

    Looking for some info in MN on 2016 Kia Sorento AWD SXL Tech. Gross Cap. MF. Residual

    codytho said:

    36 Mo 15k lease sorry


    2.0L: .00045 MF and 53% residual. $1500 lease cash

    3.3L: .00081 MF and 55% residual. $1500 lease cash

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

    Edmunds Moderator

  • Thanks kyfdx. would you also happen to have the 36/10 and 36/12 numbers for the Kia Sorento 2.0 Limited FWD? I live in NC.
  • kyfdxkyfdx Posts: 185,442
    herby2132 said:

    Thanks kyfdx. would you also happen to have the 36/10 and 36/12 numbers for the Kia Sorento 2.0 Limited FWD? I live in NC.

    .00047 MF and 54% residual. $1500 lease cash.

    Add 1% for 10K/yr

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

    Edmunds Moderator

  • MichaellMichaell ColoradoPosts: 180,432
    ncpmh said:
    I am looking for the money factor, residual and any lease cash on the 2016 Kia Sorento 3.3 EX FWD in North Carolina please. Thanks in advance for the help!
    ncpmh said:
    Sorry looking for 12k and 15k residuals
    .00133 and 61% for 36/12. Subtract 2% for 15k. $500 lease cash. 

    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

  • codythocodytho Posts: 5
    kyfdx said:

    codytho said:

    Looking for some info in MN on 2016 Kia Sorento AWD SXL Tech. Gross Cap. MF. Residual

    codytho said:

    36 Mo 15k lease sorry


    2.0L: .00045 MF and 53% residual. $1500 lease cash

    3.3L: .00081 MF and 55% residual. $1500 lease cash
    Yuck. That lease doesn't much entice me. Thanks
  • Hi all,

    Just wondering if I am getting a good deal here. 2016 KIA Sorento EX FWD 2.0T with Premium Package.
    MSRP: $35,173
    Selling Price: $32,654
    Rebates: $1,500
    Down Payment: $1,500
    Residual: 58%
    Money Factor: 0.008
    NC Tax of 3%
    Comes out to $356 month for 36 months with 12k miles

    Looking to pull the trigger this weekend so all help is appreciated.

    Thanks,
  • lucidrenegadelucidrenegade Posts: 1
    edited March 2015
    What are the 36/12k numbers for a 2016 v6 AWD SX-L for Ohio? Out of curiosity, does the lease residual track pretty close to the actual blue book value of the car after 3 years, or is it artificially high like Audi/Mercedes leases? Thanks!
  • kyfdxkyfdx Posts: 185,442

    What are the 36/12k numbers for a 2016 v6 AWD SX-L for Ohio? Out of curiosity, does the lease residual track pretty close to the actual blue book value of the car after 3 years, or is it artificially high like Audi/Mercedes leases? Thanks!

    .00081 MF and 57% residual. $1500 lease cash.

    I wouldn't bet on any residual matching the value at lease end..

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

    Edmunds Moderator

  • kylez0209kylez0209 Posts: 29
    Hello. Can I get the residual, MF, and any lease cash on a 2015 Sorento LX 2wd in SoCal? 
  • kylez0209kylez0209 Posts: 29
    Whoops... 3 yr/12k lease 
  • kyfdxkyfdx Posts: 185,442
    kylez0209 said:

    Hello. Can I get the residual, MF, and any lease cash on a 2015 Sorento LX 2wd in SoCal? 

    kylez0209 said:

    Whoops... 3 yr/12k lease 

    2.4L? .00102 MF and 55% residual. $2500 lease cash

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

    Edmunds Moderator

  • jkd111jkd111 Posts: 11
    Looking for lease numbers please for Illinois (Chicago)...thank you in advance!

    2016 Sorento EX AWD 2.0T - 24/36 mos/15K miles

    2016 Sorento EX AWD 3.3V6 - 24/36 mos/15K miles

    2016 Sorento SX AWD 3.3V6 - 24/36 mos/15K miles
  • MichaellMichaell ColoradoPosts: 180,432
    jkd111 said:

    Looking for lease numbers please for Illinois (Chicago)...thank you in advance!

    2016 Sorento EX AWD 2.0T - 24/36 mos/15K miles

    2016 Sorento EX AWD 3.3V6 - 24/36 mos/15K miles

    2016 Sorento SX AWD 3.3V6 - 24/36 mos/15K miles

    24/15 numbers:
    EX 2.0T - .00024 and 65%
    EX 3.3 - .00101 and 68%
    SX - .00102 and 68%
    $500 lease cash

    36/15 numbers:
    EX 2.0T - .00073 and 57%
    EX 3.3 - .00127 and 60%
    SX - .00128 and 60%
    $500 lease cash.

    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

  • paulsazpaulsaz Posts: 39
    Looking to lease a new 2016 Sorento LX or EX 2wd 36/10 or 36/12 in Arizona. Current Sorento lease is up in May. Only drive about 8,000 per year.
  • MichaellMichaell ColoradoPosts: 180,432
    paulsaz said:

    Looking to lease a new 2016 Sorento LX or EX 2wd 36/10 or 36/12 in Arizona. Current Sorento lease is up in May. Only drive about 8,000 per year.

    No 10K leases for Kia.

    Which engines on the LX or EX?

    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

  • paulsazpaulsaz Posts: 39
    Both, regular and V6.
  • MichaellMichaell ColoradoPosts: 180,432
    paulsaz said:

    Looking to lease a new 2016 Sorento LX or EX 2wd 36/10 or 36/12 in Arizona. Current Sorento lease is up in May. Only drive about 8,000 per year.

    paulsaz said:

    Both, regular and V6.

    36/12 numbers:

    LX 2.4 - .00091 and 59%
    LX 3.3 - .00137 and 62%
    EX 2.0T - .00080 and 58%
    EX 3.3 - .00133 and 61%

    $500 lease cash for all

    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

  • paulsazpaulsaz Posts: 39
    Thanks.
  • paulsazpaulsaz Posts: 39
    Are the April numbers the same?
  • MichaellMichaell ColoradoPosts: 180,432
    edited April 2015
    paulsaz said:

    Are the April numbers the same?

    We don't yet have any April lease numbers from Kia...

    EDIT - sorry, just realized that the March numbers for Kia are set to expire on May 5th, so no changes for April.

    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

  • little80little80 Posts: 15
    edited April 2015
    Looking for current mf and incentives on a 2.0 limited/v6 awd for 36/12 in NJ
  • MichaellMichaell ColoradoPosts: 180,432
    little80 said:

    Looking for current mf and incentives on a 2.0 limited/v6 awd for 36/12 in NJ

    SXL 2.0T AWD - .00045 and 55%

    SXL V6 AWD - .00081 and 57%

    $1500 lease cash.

    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

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