2016 Kia Sedona Lease Questions

Michaell

curlybohem said:

Could someone provide MF/Residual/incentives for an EX in NJ?
Thanks!

36/12 - .00079 and 53%. $3500 lease cash.

curlybohem

Thanks!

curlybohem

Also, if you could provide same on SX in NJ? Thanks!

kyfdx

curlybohem said:

Also, if you could provide same on SX in NJ? Thanks!

.00044 MF and 52% residual. $3500 lease cash

maudlin2001

What are the MF, RV & any cash offers for Florida on a LX, 36/12K?

Michaell

maudlin2001 said:

What are the MF, RV & any cash offers for Florida on a LX, 36/12K?

.00100 and 54%. $3500 lease cash.

maudlin2001

Thanks Michaell,

MF looks high, Is the offer better for an EX?

Michaell

maudlin2001 said:

Thanks Michaell,

MF looks high, Is the offer better for an EX?

.00079 and 53%. Same $3500 lease cash.

maudlin2001

Can you ask for the lease cash ($3500) and also the Customer Cash ($1000) for the lease or does customer cash only apply to purchasing.

e.g. MSRP -> $33790 - MSRP Discount ($2000) - Customer Cash ($1000) - Lease Cash ($3500) = $27290 negotiated price of car for lease.

Even though Kia's are cheaper but the 10% residual value difference and interest rate makes them more costly to lease than Toyota.

What minivan would be best in terms of lease ( I have a 2013 Sienna LX @0 down $341pm that end in July) Would like to see if I can knock off $20-$30/month

Michaell

maudlin2001 said:

Can you ask for the lease cash ($3500) and also the Customer Cash ($1000) for the lease or does customer cash only apply to purchasing.

e.g. MSRP -> $33790 - MSRP Discount ($2000) - Customer Cash ($1000) - Lease Cash ($3500) = $27290 negotiated price of car for lease.

Even though Kia's are cheaper but the 10% residual value difference and interest rate makes them more costly to lease than Toyota.

What minivan would be best in terms of lease ( I have a 2013 Sienna LX @0 down $341pm that end in July) Would like to see if I can knock off $20-$30/month

Not certain, but it's likely that the customer cash is for a purchase only.

Remember that you have to drive the car for the next 3 years, so make sure you like the car as well as the deal. Do you prefer the Sedona or the Sierra?

maudlin2001

Good thought, never tried Sedona, just doing window shopping for now, will start by test driving both.

Michaell

maudlin2001 said:

Good thought, never tried Sedona, just doing window shopping for now, will start by test driving both.

I have a friend on these boards who leased a Sedona last year and loves it. Not sure if he tested the Sienna or not.

@breld, hoping you'll see this reference to your user ID and weigh in with your thoughts.

maudlin2001

Thanks Michaell, my wife drives the 2013 Sienna LX that I absolutely love when I get a chance to drive, I am a big guy and it is so easy to fit in and drive on long drives. Unfortunately, due to budgeting I could only afford leasing a LX and feel we should have had a few more features like power liftgate, bluetooth phone, full screen backup camera etc. and thats why my motivation to look at Kia to get in the budget. If Kia is equally comfortable I would definitely look at it.

breld

Hey there! My wife and I are currently in a lease of a 2015 Sedona SX, which we acquired about a year and a half ago.

We spent three years in a 2009 Odyssey, and when we decided to replace it, we were thinking of moving over to a 3-row SUV. But after some searching, we just couldn't deny the greater functionality of a minivan, so decided to go that route again.

The new Odyssey was fine, but just didn't do much for us. Same with the Sienna. The Kia had just come out, so we decided to take a look, and it really struck a chord with us. We liked the exterior styling, particularly the more upright look of the grill. And the interior really sets it apart, with its two-tone seats and more traditional center console.

After a year and a half and 20k miles, there is no doubt we would go with the Kia again if we had to do it over. The only real downside is the folding of the seats (both the second and third row) is not as refined as the Honda (and presumably the Toyota). And I'd prefer if the second row seats could be removed like the Odyssey, but the way they fold up provides sufficient hauling capacity.

And, Kia and Hyundai seem to be catching up with the Japanese brands from a quality and reputation standpoint, and the pricing reflects that. The Sedona may not be significantly cheaper than the competition, but I do feel you get more features for the same money.

I would strongly suggest the "SX" model - the SX-L wasn't worth it to us. The SX included features like the larger touchscreen, navigation, rear cross-traffic alert and blind-spot monitoring - all features we coveted.

Good luck!

jlightheel

Hi. What are the April MF, residual and incentive for a 2016 sedona SX in NY 10/12k?  Does it make a difference if dealer is in NJ or CT? 
Thanks in advance! 

Michaell

jlightheel said:

Hi. What are the April MF, residual and incentive for a 2016 sedona SX in NY 10/12k?  Does it make a difference if dealer is in NJ or CT? 
Thanks in advance! 

Same numbers for either state.

What lease term?

Current Kia numbers are good until 5/2/16; no change from March.

jlightheel

Michaell said:

jlightheel said:

Hi. What are the April MF, residual and incentive for a 2016 sedona SX in NY 10/12k?  Does it make a difference if dealer is in NJ or CT? 
Thanks in advance! 

Same numbers for either state.

What lease term?

Current Kia numbers are good until 5/2/16; no change from March.

36 month - 10K (is there 24 month?)

to clarify an earlier post said RV in NY was 43% was that a typo of 53%?
Also is the MF. 00044 or. 00076?

Michaell

jlightheel said:

Michaell said:

jlightheel said:

Hi. What are the April MF, residual and incentive for a 2016 sedona SX in NY 10/12k?  Does it make a difference if dealer is in NJ or CT? 
Thanks in advance! 

Same numbers for either state.

What lease term?

Current Kia numbers are good until 5/2/16; no change from March.

36 month - 10K (is there 24 month?)

to clarify an earlier post said RV in NY was 43% was that a typo of 53%?
Also is the MF. 00044 or. 00076?

My apologies... there is no 24 month term available for the 2016 Sedona.

36/10 numbers for the SX are .00044 and 53%. $3500 lease cash.

jlightheel

Michaell said:

Hi. What are the April MF, residual and incentive for a 2016 sedona SX in NY 10/12k?  Does it make a difference if dealer is in NJ or CT? 
Thanks in advance! 

Same numbers for either state. What lease term? Current Kia numbers are good until 5/2/16; no change from March.

36 month - 10K (is there 24 month?) to clarify an earlier post said RV in NY was 43% was that a typo of 53%? Also is the MF. 00044 or. 00076?

My apologies... there is no 24 month term available for the 2016 Sedona. 36/10 numbers for the SX are .00044 and 53%. $3500 lease cash

Thanks!  Leased sx with tech package for under $400 a month only taxes and fees up front, nothing down. 

Michaell

jlightheel said:

Michaell said:

jlightheel said:

Michaell said:

jlightheel said:

Hi. What are the April MF, residual and incentive for a 2016 sedona SX in NY 10/12k?  Does it make a difference if dealer is in NJ or CT? 
Thanks in advance! 

Same numbers for either state.

What lease term?

Current Kia numbers are good until 5/2/16; no change from March.

36 month - 10K (is there 24 month?)

to clarify an earlier post said RV in NY was 43% was that a typo of 53%?
Also is the MF. 00044 or. 00076?

My apologies... there is no 24 month term available for the 2016 Sedona.

36/10 numbers for the SX are .00044 and 53%. $3500 lease cash

Thanks!  Leased sx with tech package for under $400 a month only taxes and fees up front, nothing down. 

Congrats!

chauncy3

In Florida, looking at the Sedona SX...interested in MF and Residual for 36/12 and 48/12 leases. Thanks for the help.

Michaell

chauncy3 said:

In Florida, looking at the Sedona SX...interested in MF and Residual for 36/12 and 48/12 leases. Thanks for the help.

36/12 - .00044 and 52%. $3500 lease cash
48/12 - .00076 and 43%. $3000 lease cash

fstockboxster

This is the deal I've been offered in New York:

Kia Sedona EX with premium package (sticker ~$35k)- 299 a month for 36 months and 12k miles. First payment is 1st payment of $299, $595 bank fee and $344.

Is this a good deal? Should I negotiate further?

kyfdx

fstockboxster said:

This is the deal I've been offered in New York:

Kia Sedona EX with premium package (sticker ~$35k)- 299 a month for 36 months and 12k miles. First payment is 1st payment of $299, $595 bank fee and $344.

Is this a good deal? Should I negotiate further?

Looks cheap. Do you know the selling price and/or CAP cost?

.00079 MF and 53% residual. $3500 lease cash

jlightheel

fstockboxster said:

This is the deal I've been offered in New York: Kia Sedona EX with premium package (sticker ~$35k)- 299 a month for 36 months and 12k miles. First payment is 1st payment of $299, $595 bank fee and $344. Is this a good deal? Should I negotiate further?

Is that 299 with or without tax? 

maudlin2001

I guess its too early for May numbers but do you expect the $3500 lease cash to stay?
Are these numbers good for Florida till today I suppose --> 36/12 - .00044 and 52%. $3500 lease cash.

Michaell

maudlin2001 said:

I guess its too early for May numbers but do you expect the $3500 lease cash to stay?
Are these numbers good for Florida till today I suppose --> 36/12 - .00044 and 52%. $3500 lease cash.

Kia numbers are valid through today, 5/2/16.

New numbers expected later this week.

maudlin2001

Hi Michaell,

Do you have the new Kia numbers for Florida?

Michaell

maudlin2001 said:

Hi Michaell,

Do you have the new Kia numbers for Florida?

What trim level, lease term and miles per year?

maudlin2001

I am looking at EX and LX, 36 Mo, 12K/ year, Florida

Michaell

maudlin2001 said:

I am looking at EX and LX, 36 Mo, 12K/ year, Florida

LX - .00151 and 51%. $5000 lease cash.
EX - .00149 and 50%. $5500 lease cash.

adpcs

Do you have the updated numbers for May in Texas. 36/15, SX-L Trim. Thanks in advance

maudlin2001

Hmm this deal is only slightly better than the last campaign. The MF is killing it.

Michaell said:

maudlin2001 said:

I am looking at EX and LX, 36 Mo, 12K/ year, Florida

LX - .00151 and 51%. $5000 lease cash.
EX - .00149 and 50%. $5500 lease cash.

Michaell

adpcs said:

Do you have the updated numbers for May in Texas. 36/15, SX-L Trim. Thanks in advance

.00153 and 47%. $6900 lease cash.

Michaell

maudlin2001 said:

Hmm this deal is only slightly better than the last campaign. The MF is killing it.

Michaell said:

maudlin2001 said:

I am looking at EX and LX, 36 Mo, 12K/ year, Florida

LX - .00151 and 51%. $5000 lease cash.
EX - .00149 and 50%. $5500 lease cash.

But the lease cash went up to compensate.

maudlin2001

Do you have the Fl numbers for SX trim, 36 mo, 12K/yr

Michaell

maudlin2001 said:

Do you have the Fl numbers for SX trim, 36 mo, 12K/yr

.00153 and 49%. $6400 lease cash.

lulululu1

Hi there, would you be able to provide MF and residual for SX and SXL, 36mo/10k in Washington state? Thanks

Michaell

lulululu1 said:

Hi there, would you be able to provide MF and residual for SX and SXL, 36mo/10k in Washington state? Thanks

SX - .00153 and 50%. $6400 lease cash
SXL - .00153 and 50%. $6900 lease cash

dacarmon

Hi Michaell - I am in Florida. From the earlier posts I gathered the following.

36 mo - 12K
LX - .00151 and 51%. $5000 lease cash.
EX - .00149 and 50%. $5500 lease cash.
SX -.00153 and 49%. $6400 lease cash.

Can you also provide the numbers for 15K? Also - through what date are these valid until? Thanks in advance for all the great info!

kyfdx

dacarmon said:

Hi Michaell - I am in Florida. From the earlier posts I gathered the following.

36 mo - 12K
LX - .00151 and 51%. $5000 lease cash.
EX - .00149 and 50%. $5500 lease cash.
SX -.00153 and 49%. $6400 lease cash.

Can you also provide the numbers for 15K? Also - through what date are these valid until? Thanks in advance for all the great info!

Subtract 2% to go from 12K/yr to 15K/yr.

KIA numbers are good through July 5th.

dacarmon

Thank you kyfdx! What are the #s on the SXL?

Michaell

dacarmon said:

Thank you kyfdx! What are the #s on the SXL?

.00153 and 49%. $6900 lease cash.

maudlin2001

Can anyone share their lease numbers for Sedona that they have leased at or negotiated.
i am in south Florida, how much below invoice are you able to take the dealer.

klnmcmg

MF and RV for SX 36/15 in NC? 

Michaell

klnmcmg said:

MF and RV for SX 36/15 in NC? 

.00153 and 47%. $6400 lease cash.

travel4fun

Do you have the MF and RV for a Sedona EX for a 36/12 in Ohio? Any lease cash?

Also, I see some numbers above that indicate lease cash - who do I talk to about the lease cash? I just asked a local dealer, and they indicated that they didn't know what I was talking about but they did have $1000 customer cash available. Where does the lease cash come into play, and if they are only offering the $1k customer cash, does that mean they're keeping the rest of the lease cash? TIA

kyfdx

travel4fun said:

Do you have the MF and RV for a Sedona EX for a 36/12 in Ohio? Any lease cash?

Also, I see some numbers above that indicate lease cash - who do I talk to about the lease cash? I just asked a local dealer, and they indicated that they didn't know what I was talking about but they did have $1000 customer cash available. Where does the lease cash come into play, and if they are only offering the $1k customer cash, does that mean they're keeping the rest of the lease cash? TIA

.00149 MF and 50% residual. $5500 lease cash.

The salesperson might have no idea about the lease incentives. They get the numbers from the sales manager desk and then shuffle back and forth. If you don't negotiate the selling price of the vehicle, you won't know about it, either.

maudlin2001

Has anyone had a lease recently in South Florida? I visited a Kia dealer today and got the $410+taxes 35 payments for a EX with useless options 38400 MSRP without any excess wear and tear.

The prices I am coming up with is below. Any comments correction etc would be helpful.

MSRP : $33,790
Residual Value : $16,895

Avg TrueCar Discount from MSRP: -$3,300
Excess Wear & Tear Coverage : $600
Dealer Fee : $699
Acquisition Fee : $595
(tax tag tittle) : $400
Gross Capitalized Cost : $32,784
Lease Cash : -$5,500

Adjusted Captialized Cost : $27,284
Depreciation (Adj Cap - Residual): $10,389

Money Factor 0.00149
APR ( Kia offer) 3.5760%

Finance Charges for the Entire Term: $2,369.76

Base Payments : $12,758.76

Taxes @ 6% on Base Payment : $765.53

Total Cost for full 36 Month lease w/tax: $13,524.29

36 Payments of $375.67


Does this calculation seem correct?

travel4fun

kyfdx said:

travel4fun said:

Do you have the MF and RV for a Sedona EX for a 36/12 in Ohio? Any lease cash?

Also, I see some numbers above that indicate lease cash - who do I talk to about the lease cash? I just asked a local dealer, and they indicated that they didn't know what I was talking about but they did have $1000 customer cash available. Where does the lease cash come into play, and if they are only offering the $1k customer cash, does that mean they're keeping the rest of the lease cash? TIA

.00149 MF and 50% residual. $5500 lease cash.

The salesperson might have no idea about the lease incentives. They get the numbers from the sales manager desk and then shuffle back and forth. If you don't negotiate the selling price of the vehicle, you won't know about it, either.

So is the lease cash supposed to be used against the MSRP, then? Just trying to understand where the $5500 is supposed to come into play. I've tried to do some searching, but I can't seem to find anything to explain the lease cash and how it affects the lease (or does it affect only the sales price of the vehicle?).