Looking for info for Charlotte, NC. 24 month 12k and 15k miles. Two different options on the Kia website, what should I negotiate? I want to put zero down, I have 800+ credit:
2016 Sorento (Model #73422) $1,999 due at lease signing including $269 first monthly payment, $1,135 capitalized cost reduction, $595 acquisition fee, plus tax, title, license and registration fees, dealer conveyance fee, processing fee or optional service fee and any emission testing charge. No security deposit required. Offer shown total lease payments are $8,186. residual value of $18,492.80. 12,000 miles/year $400 termination fee MSRP $28,895, includes freight, excludes taxes, title, license, additional options and retailer charges
2016 Sorento (Model #73222) 1,999 due at lease signing including $252 first monthly payment, $1,152 capitalized cost reduction, $595 acquisition fee, plus tax, title, license and registration fees, dealer conveyance fee, processing fee or optional service fee and any emission testing charge. No security deposit required. Offer shown total lease payments are $7,795. residual value of $16,798.90. 12,000 miles/yea $400 termination fee. MSRP $27,095 includes freight, excludes taxes, title, license, additional options and retailer charges).
Looking for info for Charlotte, NC. 24 month 12k and 15k miles. Two different options on the Kia website, what should I negotiate? I want to put zero down, I have 800+ credit:
2016 Sorento (Model #73422) $1,999 due at lease signing including $269 first monthly payment, $1,135 capitalized cost reduction, $595 acquisition fee, plus tax, title, license and registration fees, dealer conveyance fee, processing fee or optional service fee and any emission testing charge. No security deposit required. Offer shown total lease payments are $8,186. residual value of $18,492.80. 12,000 miles/year $400 termination fee MSRP $28,895, includes freight, excludes taxes, title, license, additional options and retailer charges
2016 Sorento (Model #73222) 1,999 due at lease signing including $252 first monthly payment, $1,152 capitalized cost reduction, $595 acquisition fee, plus tax, title, license and registration fees, dealer conveyance fee, processing fee or optional service fee and any emission testing charge. No security deposit required. Offer shown total lease payments are $7,795. residual value of $16,798.90. 12,000 miles/yea $400 termination fee. MSRP $27,095 includes freight, excludes taxes, title, license, additional options and retailer charges).
Those aren't offers; they are promotions. You should be able to do better with good negotiation.
Also, we don't recommend making a cap cost reduction on a lease - if the car is stolen or totaled, you lose the money.
I asked the dealer for a quote for a 24 months, zero down, 15k miles on the base model Kia Sorento. He replied with $359.99 a month. Can you tell me the rates for a 15k mile, 24 month base model 2016 Sorento (Model #73422)? I am waiting on his reply for the numbers he used for this quote.
I asked the dealer for a quote for a 24 months, zero down, 15k miles on the base model Kia Sorento. He replied with $359.99 a month. Can you tell me the rates for a 15k mile, 24 month base model 2016 Sorento (Model #73422)? I am waiting on his reply for the numbers he used for this quote.
What state is this? Kia numbers are regional.
What trim level is this? LX? What engine? FWD or AWD?
EDIT - you want to negotiate the selling price for a lease, just like you would for a purchase.
24/15 lease numbers are .00074 and 60%, $3500 lease cash.
36/15 numbers are .00054 and 55%, $2000 lease cash.
You want to negotiate the best selling price for the lease; the only two variables are the price and the MF (dealer is allowed to mark it up by as much as .00040 for extra profit).
I've got three responses from 3 dealers: Dealer #1: $3500 lease cash, 0.00074 MF, $27820 MSRP, $16692 Residual, 15k miles/yr, and $500 down. He said $469/ mth..This doesn't add up to me... thoughts? Dealer #2: $2000 rebate, residual value $15572, idk MSRP, idk MF, 15k miles/yr, zero down, $530's a month. Dealer #3 Zero down, 15k miles/year, 24 months, $359/month.
So, with the lack of information from the dealers, I'm looking at a $359 to $530 swing...wow.
No enough information to evaluate any of those offers.
You'll need the MSRP and the selling price or net cap cost from each dealer. Then we can plug those numbers in with the MF and residual (see post above) to calculate a payment.
...then I'm assuming the numbers they worked out were using MSRP as the net cap cost....Question: does any lease cash come off the net cap cost after it is negotiated? So a MSRP of $30k, negotiated down to $26k, and lease cash of $2k. My net cap cost would be $24k?
...then I'm assuming the numbers they worked out were using MSRP as the net cap cost....Question: does any lease cash come off the net cap cost after it is negotiated? So a MSRP of $30k, negotiated down to $26k, and lease cash of $2k. My net cap cost would be $24k?
Here's what I have going... $16335 residual (60%), .00074 money factor, $21819 cap cost (which is 93% of $27225 msrp minus $3500 lease cash). 24 month 15k miles per year.total with tax ($300 for SC) tag and title (roughly $45) and dealer fee ($699) payment is 321.71. Does this come out right?
Here's what I have going... $16335 residual (60%), .00074 money factor, $21819 cap cost (which is 93% of $27225 msrp minus $3500 lease cash). 24 month 15k miles per year.total with tax ($300 for SC) tag and title (roughly $45) and dealer fee ($699) payment is 321.71. Does this come out right?
Where is there to negotiate?
Are you paying the taxes and fees up front, or are you adding them into the cap cost?
As it stands, I get $257/mo for 24 months using those numbers.
Can you provide numbers for 2016 SX V6 AWD, 36/10, in Iowa? Also, I am getting an offer of $430 per month with only 1st payment down. Msrp is $41295 and selling price of $35323. Does Kia Financial offer MSDs?
Can you provide numbers for 2016 SX V6 AWD, 36/10, in Iowa? Also, I am getting an offer of $430 per month with only 1st payment down. Msrp is $41295 and selling price of $35323. Does Kia Financial offer MSDs?
Reporting back with what I ended up with. I appreciate your help. Sticker price $29845 Msrp $27225 (LX 4cyl) 24 month 15,000 miles per year Negotiated price $24919 plus $3500 lease cash Cap cost $21419 60% residual $16335 MF .00074 Zero down other than 1st months payment Fees added to cap cost: $595 acquistion fee and $699 dealer fee. Tax tag title registration. $304 a month.
Could you please give me the RV and MF on a Sorento EX V-6 AWD with premium package for 36 months at 12K in NY? Is there a difference in the numbers if it is an EX without the V-6?
Reporting back with what I ended up with. I appreciate your help. Sticker price $29845 Msrp $27225 (LX 4cyl) 24 month 15,000 miles per year Negotiated price $24919 plus $3500 lease cash Cap cost $21419 60% residual $16335 MF .00074 Zero down other than 1st months payment Fees added to cap cost: $595 acquistion fee and $699 dealer fee. Tax tag title registration. $304 a month.
Could you please give me the RV and MF on a Sorento EX V-6 AWD with premium package for 36 months at 12K in NY? Is there a difference in the numbers if it is an EX without the V-6?
Thanks,
Stephen
EX V6 AWD - .00080 and 59% EX 4-cyl AWD - .00044 and 57%
Hi can you tell me if this is a good deal, my credit score is in 620 range. Could get a better deal if I had a cosigner with the same credit score but more payment history? Also what would the mf be for credit score of 646? I am thinking of waiting until my credit score increases.
2016 Sorento SX AWD V6 Msrp 40,100 Negotiated price: 32586 Down payment $4000 plus 1st month $389 Monthly payment $389 36months/12,000 miles/yr Money factor: 0.00319 Residual: 60% They will throw in 3 years of free oil change service
Just found out I have to pay first month payment on top of the downpayment, I thought it would've been included.
Hi can you tell me if this is a good deal, my credit score is in 620 range. Could get a better deal if I had a cosigner with the same credit score but more payment history? Also what would the mf be for credit score of 646? I am thinking of waiting until my credit score increases.
2016 Sorento SX AWD V6 Msrp 40,100 Negotiated price: 32586 Down payment $4000 plus 1st month $389 Monthly payment $389 36months/12,000 miles/yr Money factor: 0.00319 Residual: 60% They will throw in 3 years of free oil change service
Just found out I have to pay first month payment on top of the downpayment, I thought it would've been included.
Thank You for your help !
What state is this? Kia numbers are regional.
We don't recommend making a down payment on a lease; if the car is stolen or totaled, the money is lost.
Lease inception costs include the first payment, bank fee, dealer fee and any DMV or license costs.
Hi can you tell me if this is a good deal, my credit score is in 620 range. Could get a better deal if I had a cosigner with the same credit score but more payment history? Also what would the mf be for credit score of 646? I am thinking of waiting until my credit score increases.
2016 Sorento SX AWD V6 Msrp 40,100 Negotiated price: 32586 Down payment $4000 plus 1st month $389 Monthly payment $389 36months/12,000 miles/yr Money factor: 0.00319 Residual: 60% They will throw in 3 years of free oil change service
Just found out I have to pay first month payment on top of the downpayment, I thought it would've been included.
Could you please give me the RV and MF on a Sorento EX V-6 AWD with premium package for 36 months at 12K in NY? Is there a difference in the numbers if it is an EX without the V-6?
Thanks,
Stephen
EX V6 AWD - .00080 and 59% EX 4-cyl AWD - .00044 and 57%
I am at work, so I don't have all the numbers but I have been offered 0 down, 300 per month for 36 mo. On a 2016 Kia Sorento. Live in as. 12k miles yr. 27700 Msrp. Does this sound like a good deal or do you think I can get them lower. They are pushing to do deal today as national ad is thru feb and its the last day of the month
I am at work, so I don't have all the numbers but I have been offered 0 down, 300 per month for 36 mo. On a 2016 Kia Sorento. Live in as. 12k miles yr. 27700 Msrp. Does this sound like a good deal or do you think I can get them lower. They are pushing to do deal today as national ad is thru feb and its the last day of the month
We would need to know the selling price or net cap cost to figure a payment.
What trim level? Engine? AWD or FWD? So many variations of the Sorento, all of which have different lease numbers.
Do we know what the residuals (12k per year, 10 as well if it is an option), rebates and money factors are yet moving forward now that February has passed. If not, when are they typically released. If they are not out, are the numbers from Feb. still good for a few days? The vehicle I am inquiring about is a Kia Sorento, FWD, automatic, 4 cyl, LX. White with tan cloth interior. MSRP 27,700.
I appreciate the hard work you guys do to help us out! I know its soon, but can I ask for the Residual, MF, and rebates for 24 months on a 2016 Sorento SXL AWD V6 and then the turbo 4 (both with tech package) for 12k miles. Sorry in Denver, CO
Do we know what the residuals (12k per year, 10 as well if it is an option), rebates and money factors are yet moving forward now that February has passed. If not, when are they typically released. If they are not out, are the numbers from Feb. still good for a few days? The vehicle I am inquiring about is a Kia Sorento, FWD, automatic, 4 cyl, LX. White with tan cloth interior. MSRP 27,700.
We have some numbers for Kia in March ... but, only certain regions. What state is this?
I appreciate the hard work you guys do to help us out! I know its soon, but can I ask for the Residual, MF, and rebates for 24 months on a 2016 Sorento SXL AWD V6 and then the turbo 4 (both with tech package) for 12k miles. Sorry in Denver, CO
Comments
I appreciate help!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MD
2016 Sorento (Model #73422)
$1,999 due at lease signing including
$269 first monthly payment,
$1,135 capitalized cost reduction,
$595 acquisition fee, plus tax, title, license and registration fees, dealer conveyance fee, processing fee or optional service fee and any emission testing charge.
No security deposit required.
Offer shown total lease payments are $8,186.
residual value of $18,492.80.
12,000 miles/year
$400 termination fee
MSRP $28,895,
includes freight, excludes taxes, title, license, additional options and retailer charges
2016 Sorento (Model #73222)
1,999 due at lease signing including
$252 first monthly payment,
$1,152 capitalized cost reduction,
$595 acquisition fee, plus tax, title, license and registration fees, dealer conveyance fee, processing fee or optional service fee and any emission testing charge.
No security deposit required.
Offer shown total lease payments are $7,795.
residual value of $16,798.90.
12,000 miles/yea
$400 termination fee.
MSRP $27,095
includes freight, excludes taxes, title, license, additional options and retailer charges).
Also, we don't recommend making a cap cost reduction on a lease - if the car is stolen or totaled, you lose the money.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What trim level is this? LX? What engine? FWD or AWD?
EDIT - you want to negotiate the selling price for a lease, just like you would for a purchase.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Dealer #1:
$3500 lease cash, 0.00074 MF, $27820 MSRP, $16692 Residual, 15k miles/yr, and $500 down. He said $469/ mth..This doesn't add up to me... thoughts?
Dealer #2:
$2000 rebate, residual value $15572, idk MSRP, idk MF, 15k miles/yr, zero down, $530's a month.
Dealer #3
Zero down, 15k miles/year, 24 months, $359/month.
So, with the lack of information from the dealers, I'm looking at a $359 to $530 swing...wow.
36/15 numbers are .00054 and 55%, $2000 lease cash.
You want to negotiate the best selling price for the lease; the only two variables are the price and the MF (dealer is allowed to mark it up by as much as .00040 for extra profit).
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
You'll need the MSRP and the selling price or net cap cost from each dealer. Then we can plug those numbers in with the MF and residual (see post above) to calculate a payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Where is there to negotiate?
As it stands, I get $257/mo for 24 months using those numbers.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I get $350/mo plus tax with those numbers.
What is the net cap cost?
Kia does not offer MSDs.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I appreciate your help.
Sticker price $29845
Msrp $27225 (LX 4cyl)
24 month 15,000 miles per year
Negotiated price $24919 plus $3500 lease cash
Cap cost $21419
60% residual $16335
MF .00074
Zero down other than 1st months payment
Fees added to cap cost:
$595 acquistion fee and $699 dealer fee. Tax tag title registration.
$304 a month.
Could you please give me the RV and MF on a Sorento EX V-6 AWD with premium package for 36 months at 12K in NY? Is there a difference in the numbers if it is an EX without the V-6?
Thanks,
Stephen
Enjoy your new Kia!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
EX 4-cyl AWD - .00044 and 57%
$2000 lease cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2016 Sorento SX AWD V6
Msrp 40,100
Negotiated price: 32586
Down payment $4000 plus 1st month $389
Monthly payment $389
36months/12,000 miles/yr
Money factor: 0.00319
Residual: 60%
They will throw in 3 years of free oil change service
Just found out I have to pay first month payment on top of the downpayment, I thought it would've been included.
Thank You for your help !
We don't recommend making a down payment on a lease; if the car is stolen or totaled, the money is lost.
Lease inception costs include the first payment, bank fee, dealer fee and any DMV or license costs.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
646 credit score would lower the MF to .00199.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also does kia allows MSD?
$3000 lease cash.
Kia does not have an MSD program.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
.00010 and 54%. $3000 lease cash.
Numbers expire today, 2/29/16
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What trim level? Engine? AWD or FWD? So many variations of the Sorento, all of which have different lease numbers.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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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 / 2024 Kia Sportage Hybrid SX Prestige
Do we know what the residuals (12k per year, 10 as well if it is an option), rebates and money factors are yet moving forward now that February has passed. If not, when are they typically released. If they are not out, are the numbers from Feb. still good for a few days? The vehicle I am inquiring about is a Kia Sorento, FWD, automatic, 4 cyl, LX. White with tan cloth interior. MSRP 27,700.
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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 / 2024 Kia Sportage Hybrid SX Prestige
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I please have MF, RV and cash rebates 36/12 lease, EX V6 FWD , state of Florida,
Thank you
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Are March numbers available yet for Sorento SX V6 AWD for 36mo/12K/year and 24mo/12K/year leases in Washington state? Top tier credit.
Thanks!
.00063 MF and 65% residual. $3000 lease cash
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