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2016 Kia Sorento Lease Questions

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  • MichaellMichaell Moderator Posts: 263,222
    raymos24 said:


    kyfdx said:

    raymos24 said:

    Hi Everyone! I am going to be negotiating a 2016 2.0T SXL AWD soon for my father and wanted to know the numbers for 24/12 (I don't think Kia does a 24/10) and 36/10 & 12.

    KIA has regional numbers. Need to know which state.

    And, you are correct, 12K/yr is the lowest allowance on a 24 month lease.

    My apologies! I am in Massachusetts. 

    24/12 .00114 and 59%. $6500 lease cash
    36/10 .00125 and 55%. $5100 lease cash

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  • niknak47niknak47 Member Posts: 3
    Hello,
    We're looking at a 2016 EX Sorento in N. California. I would be interested in your thoughts on the money factor, residual and any lease cash. Thank you in advance!
  • kyfdxkyfdx Moderator Posts: 266,942
    niknak47 said:

    Hello,
    We're looking at a 2016 EX Sorento in N. California. I would be interested in your thoughts on the money factor, residual and any lease cash. Thank you in advance!

    FWD or AWD?

    Lease term and mileage?

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  • niknak47niknak47 Member Posts: 3
    kyfdx said:
    Hello, We're looking at a 2016 EX Sorento in N. California. I would be interested in your thoughts on the money factor, residual and any lease cash. Thank you in advance!
    FWD or AWD? Lease term and mileage?
    FWD, 36 mo with 12k/year. Thank you!
  • kyfdxkyfdx Moderator Posts: 266,942
    niknak47 said:


    kyfdx said:

    niknak47 said:

    Hello,
    We're looking at a 2016 EX Sorento in N. California. I would be interested in your thoughts on the money factor, residual and any lease cash. Thank you in advance!

    FWD or AWD?

    Lease term and mileage?


    FWD, 36 mo with 12k/year. Thank you!

    2.0T: .00129 MF and 56% residual. $3500 lease cash
    3.3V6: .00130 MF and 58% residual. $3000 lease cash

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  • niknak47niknak47 Member Posts: 3
    Great, thank you!
  • niknak47niknak47 Member Posts: 3
    kyfdx said:

    niknak47 said:


    kyfdx said:

    niknak47 said:

    Hello,
    We're looking at a 2016 EX Sorento in N. California. I would be interested in your thoughts on the money factor, residual and any lease cash. Thank you in advance!

    FWD or AWD?

    Lease term and mileage?


    FWD, 36 mo with 12k/year. Thank you!
    2.0T: .00129 MF and 56% residual. $3500 lease cash
    3.3V6: .00130 MF and 58% residual. $3000 lease cash

    Great, thank you!
  • rlunrlun Member Posts: 1
    kyfdx,

    Can you tell me the lease terms and lease cash for a 36 month,12k miles and 15kmiles, on a 2016 SXL in Northern CA? I'm looking at both AWD and FWD vehicles right now.

    Thanks!
    ron
  • kyfdxkyfdx Moderator Posts: 266,942
    rlun said:

    kyfdx,

    Can you tell me the lease terms and lease cash for a 36 month,12k miles and 15kmiles, on a 2016 SXL in Northern CA? I'm looking at both AWD and FWD vehicles right now.

    Thanks!
    ron

    FWD: .00136 MF and 54%/52% residual
    AWD: .00138 MF and 55%/53% residual

    $5100 lease cash

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  • rhapsaadicrhapsaadic Member Posts: 3
    edited July 2016
    I've never leased a car before and I just got into a 36/12 lease on a 2016 Kia Sorento LX with Convenience Package for $0 down, $0 tax, $0 due at lease signing and a payment of $275/m. I'm located in Northern Virginia.

    Not to be braggy, but I THINK I got a good deal bc I have 800+ credit, but how do I know for sure if I got a good deal? What information from my lease paperwork should I share here? Would love some analysis / feedback.

    Thanks!

  • brian125brian125 Member Posts: 5,244
    edited July 2016
    rhapsaadic

    Looks like you made a fine deal out in VA. What is the name of the dealer you used ?

    what was your agreed selling price ?



    If you breakdown your deal Residual , MF , cap cost etc one of the mods will break down your deal.

    Post your states tax rate and taxes paid along with the dealers doc fee charge

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  • MichaellMichaell Moderator Posts: 263,222
    I'll second the comments from @brian125 - looks like a good deal.

    VA is one of the few states that taxes the entire selling amount, even for a lease.

    $275/mo looks like a great payment.

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  • rhapsaadicrhapsaadic Member Posts: 3
    brian125 said:

    rhapsaadic

    Looks like you made a fine deal out in VA. What is the name of the dealer you used ?

    what was your agreed selling price ?



    If you breakdown your deal Residual , MF , cap cost etc one of the mods will break down your deal.

    Post your states tax rate and taxes paid along with the dealers doc fee charge

    Here are some details:

    Gross capitalized cost - $27,238
    Capitalized cost reduction - $3,421
    Adjusted capitalized cost - $23,816
    Residual value - $16,116
    Depreciation - $7,700
    Rent - $2,185
    Agreed upon value of vehicle - $24,932

    (the dealer paid for these fees below)
    Taxes - $999
    Title and registration - $113
    Lease fee - $595
    Documentation fee - $599

    Is this enough information?
  • kyfdxkyfdx Moderator Posts: 266,942

    I've never leased a car before and I just got into a 36/12 lease on a 2016 Kia Sorento LX with Convenience Package for $0 down, $0 tax, $0 due at lease signing and a payment of $275/m. I'm located in Northern Virginia.

    Not to be braggy, but I THINK I got a good deal bc I have 800+ credit, but how do I know for sure if I got a good deal? What information from my lease paperwork should I share here? Would love some analysis / feedback.

    Thanks!

    brian125 said:

    rhapsaadic

    Looks like you made a fine deal out in VA. What is the name of the dealer you used ?

    what was your agreed selling price ?



    If you breakdown your deal Residual , MF , cap cost etc one of the mods will break down your deal.

    Post your states tax rate and taxes paid along with the dealers doc fee charge

    Here are some details:

    Gross capitalized cost - $27,238
    Capitalized cost reduction - $3,421
    Adjusted capitalized cost - $23,816
    Residual value - $16,116
    Depreciation - $7,700
    Rent - $2,185
    Agreed upon value of vehicle - $24,932

    (the dealer paid for these fees below)
    Taxes - $999
    Title and registration - $113
    Lease fee - $595
    Documentation fee - $599

    Is this enough information?
    I don't know... sounds braggy. ;)

    .00063 MF and 60% residual. $1200 lease cash.
    MSRP around $26,700?
    Those fees the "dealer paid for" are wrapped into that adjusted CAP cost. That's why it's higher than the Agreed Value.
    $275/mo. and $0 out of pocket. That's really good.

    Where did the CAP cost reduction money come from ($3421)?

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  • rhapsaadicrhapsaadic Member Posts: 3
    Sorry - I'm truly new at all of this. Here's how the deal came together, though:

    Since I was shopping around during Memorial Day weekend, I had an offer from Honda for a CRV ($0 down, $275 a month on a CRV LX) and used that to offer to get other dealers to compete on that down + monthly payment.

    I think Kia had a rebate offer that weekend. Combine that with the offer I was shopping + my credit score + it being the last day of the month, I got the deal that I got. Didn't have to do any hagling once I arrived at Don Beyer Kia in Falls Church. The sales rep mentioned that the Kia dealership was just one or two sales off selling 50 or 60 cars and that's why I got the deal that I did.

    So ONE FINAL question ... Is there any reason to convert this lease into financing? I went by the dealer just to get some numbers and I'd get a 0.9% APR, and again no down payment or taxes due because I'd be converting the existing contract. Thoughts?
  • kyfdxkyfdx Moderator Posts: 266,942

    Sorry - I'm truly new at all of this. Here's how the deal came together, though:

    Since I was shopping around during Memorial Day weekend, I had an offer from Honda for a CRV ($0 down, $275 a month on a CRV LX) and used that to offer to get other dealers to compete on that down + monthly payment.

    I think Kia had a rebate offer that weekend. Combine that with the offer I was shopping + my credit score + it being the last day of the month, I got the deal that I got. Didn't have to do any hagling once I arrived at Don Beyer Kia in Falls Church. The sales rep mentioned that the Kia dealership was just one or two sales off selling 50 or 60 cars and that's why I got the deal that I did.

    So ONE FINAL question ... Is there any reason to convert this lease into financing? I went by the dealer just to get some numbers and I'd get a 0.9% APR, and again no down payment or taxes due because I'd be converting the existing contract. Thoughts?

    At $275/mo. with $0 due at signing.. I'd stick with the lease.

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  • yogimamayogimama Member Posts: 12
    Hi, hoping to track down July MF, residual and lease cash numbers for a 36/12 lease on the 2016 V6 SXL AWD and same for the 2017 in WA state

    Thank you!
  • kyfdxkyfdx Moderator Posts: 266,942
    yogimama said:

    Hi, hoping to track down July MF, residual and lease cash numbers for a 36/12 lease on the 2016 V6 SXL AWD and same for the 2017 in WA state

    Thank you!

    May/June numbers expire tomorrow. Will be later in the week, before we get the new program.

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  • yogimamayogimama Member Posts: 12
    Thank you!
  • yogimamayogimama Member Posts: 12
    Hello, following up to see if numbers are available yet for July MF, residual and lease cash on a 36/12 lease on the 2016 V6 SXL AWD and same for the 2017 in WA state? Thank you!
  • MichaellMichaell Moderator Posts: 263,222
    yogimama said:

    Hello, following up to see if numbers are available yet for July MF, residual and lease cash on a 36/12 lease on the 2016 V6 SXL AWD and same for the 2017 in WA state? Thank you!

    2017 - .00064 and 59%. $1500 lease cash
    2016 - .00153 and 55%. $5100 lease cash

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  • yogimamayogimama Member Posts: 12
    Thank you!
  • caymantycaymanty Member Posts: 10
    Please provide money factor and residual for L and LX in Los Angeles area. Thank you.
  • MichaellMichaell Moderator Posts: 263,222
    caymanty said:

    Please provide money factor and residual for L and LX in Los Angeles area. Thank you.

    Which engine?

    FWD or AWD?

    What lease term and how many miles per year?

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  • juubeekjuubeek Member Posts: 25
    Could I please get the numbers in Georgia for the following. Thank you.

    2016 SXL FWD V6 36/12
    2016 SXL AWD V6 36/12
  • kyfdxkyfdx Moderator Posts: 266,942
    juubeek said:

    Could I please get the numbers in Georgia for the following. Thank you.

    2016 SXL FWD V6 36/12
    2016 SXL AWD V6 36/12

    .00152 MF and 54% residual
    .00153 MF and 55% residual

    $5100 lease cash on either model.

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  • louboston27louboston27 Member Posts: 1
    Hi, wondering what the MF and residual is now for a 2016 SXL V6 AWD in MA?  Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 266,942

    Hi, wondering what the MF and residual is now for a 2016 SXL V6 AWD in MA?  Thanks in advance!

    .00138 MF and 55% residual for 36/12. $5100 lease cash.

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  • tamber877tamber877 Member Posts: 5
    MF and residual for EXV6 FWD w/ touring and premium packages 36/10 and 36/12 in VA.

    Thanks!
  • MichaellMichaell Moderator Posts: 263,222
    tamber877 said:

    MF and residual for EXV6 FWD w/ touring and premium packages 36/10 and 36/12 in VA.

    Thanks!

    .00151 and 59% / 58%. $3000 lease cash.

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  • brian125brian125 Member Posts: 5,244
    @Michaell what's the better lease option ( best bang for your buck out of these models

    2016 LX 2.4 or 6cyl. ................. 3yr 12k..... NY
    2016 EX turbo or 6cyl..................same

    Tks

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  • kyfdxkyfdx Moderator Posts: 266,942
    brian125 said:

    @Michaell what's the better lease option ( best bang for your buck out of these models

    2016 LX 2.4 or 6cyl. ................. 3yr 12k..... NY
    2016 EX turbo or 6cyl..................same

    Tks

    Not a big difference in any of the numbers. The lease cash is a little higher on the LX models, so with the lower starting price, you will probably be substantially less.

    LX 4 cylinder AWD will lease out the best.

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  • kyfdxkyfdx Moderator Posts: 266,942
    brian125 said:

    @Michaell what's the better lease option ( best bang for your buck out of these models

    2016 LX 2.4 or 6cyl. ................. 3yr 12k..... NY
    2016 EX turbo or 6cyl..................same

    Tks

    Not a big difference in any of the numbers. The lease cash is a little higher on the LX models, so with the lower starting price, you will probably be substantially less.

    LX 4 cylinder AWD will lease out the best.

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  • annoyingcarsannoyingcars Member Posts: 60
    hi.
    can i please get #s for SX/SXL v6 AWD 36/12 in bay area?
    thanks!
  • MichaellMichaell Moderator Posts: 263,222

    hi.
    can i please get #s for SX/SXL v6 AWD 36/12 in bay area?
    thanks!

    SX - .00141 and 59%. $3400 lease cash
    SXL - .00138 and 55%. $5100 lease cash

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  • annoyingcarsannoyingcars Member Posts: 60
    Michaell said:
    hi. can i please get #s for SX/SXL v6 AWD 36/12 in bay area? thanks!
    SX - .00141 and 59%. $3400 lease cash SXL - .00138 and 55%. $5100 lease cash
    Sorry can I get FWD as well? 
  • kyfdxkyfdx Moderator Posts: 266,942


    Michaell said:

    hi.
    can i please get #s for SX/SXL v6 AWD 36/12 in bay area?
    thanks!

    SX - .00141 and 59%. $3400 lease cash
    SXL - .00138 and 55%. $5100 lease cash

    Sorry can I get FWD as well? 

    .00137 MF and 58% residual. $3400 lease cash
    .00136 MF and 54% residual. $5100 lease cash

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  • raymos24raymos24 Member Posts: 166
    Hi again! I am looking for numbers on SX/SXL Turbo for 24/12 in MA. Thank you!
  • MichaellMichaell Moderator Posts: 263,222
    raymos24 said:

    Hi again! I am looking for numbers on SX/SXL Turbo for 24/12 in MA. Thank you!

    No change from the July numbers.

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  • mills4realzmills4realz Member Posts: 2
    edited August 2016
    Hi! Looking for current MF, residual and any incentives on 2016 & 2017 LX V6 AWD with 3rd row. 36/12. I live in IL.
  • MichaellMichaell Moderator Posts: 263,222

    Hi! Looking for current MF, residual and any incentives on 2016 & 2017 LX V6 AWD with 3rd row. 36/12. I live in IL.

    2016 - .00133 and 61%. $2600 lease cash.

    2017 forum is here:

    http://forums.edmunds.com/discussion/41575/kia/sorento/2017-kia-sorento-lease-questions#latest

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  • dave2kaydave2kay Member Posts: 12
    edited August 2016
    Hello

    IM looking for residual and MF for a 2016 sorento ex v6 for Socal 91343

    24 / 12k
  • dave2kaydave2kay Member Posts: 12
    HI i am looking for residual and MF for 2016 sorento ex v6, 24m / 12k
  • MichaellMichaell Moderator Posts: 263,222
    dave2kay said:

    HI i am looking for residual and MF for 2016 sorento ex v6, 24m / 12k

    FWD or AWD?

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  • dave2kaydave2kay Member Posts: 12
    Michaell said:

    dave2kay said:

    HI i am looking for residual and MF for 2016 sorento ex v6, 24m / 12k

    FWD or AWD?

    FWD
  • MichaellMichaell Moderator Posts: 263,222
    dave2kay said:

    Michaell said:

    dave2kay said:

    HI i am looking for residual and MF for 2016 sorento ex v6, 24m / 12k

    FWD or AWD?

    FWD
    Sorry, one more question ... what state is this?

    Kia numbers are regional.

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  • dave2kaydave2kay Member Posts: 12
    Michaell said:

    dave2kay said:

    Michaell said:

    dave2kay said:

    HI i am looking for residual and MF for 2016 sorento ex v6, 24m / 12k

    FWD or AWD?

    FWD
    Sorry, one more question ... what state is this?

    Kia numbers are regional.
    Whoops forgot that one too

    Southern California, 91344

  • kyfdxkyfdx Moderator Posts: 266,942
    dave2kay said:

    HI i am looking for residual and MF for 2016 sorento ex v6, 24m / 12k

    FWD/California

    .00115 MF and 63% residual. $4000 lease cash

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  • dave2kaydave2kay Member Posts: 12
    edited August 2016
    Thanks Kyfdx and Michaell .

    Can i get 1 more please

    2016 sorento v6 sx , Fwd , Southern California

    24 months / 12 K

    and also

    36 months /12 K
  • kyfdxkyfdx Moderator Posts: 266,942
    dave2kay said:

    Thanks Kyfdx and Michaell .

    Can i get 1 more please

    2016 sorento v6 sx , Fwd , Southern California

    24 months / 12 K

    and also

    36 months /12 K

    .00115 MF and 63% residual. $4000 lease cash
    .00130 MF and 58% residual. $3000 lease cash

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