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2016 Kia Optima Lease Questions

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  • marc1022marc1022 Member Posts: 172
    He's in NJ
  • g6leaserg6leaser Member Posts: 160
    Sorry New Jersey
  • MichaellMichaell Moderator Posts: 241,232
    Michaell said:

    g6leaser said:

    Can I get MF/Residual (lease cash) 2016 Optima SX and SXL - 36/12?
    Thanks!

    What state?
    g6leaser said:

    Sorry New Jersey

    SX - .00156 and 57%. $3200 lease cash
    SXL - .00139 and 54%. $4000 lease cash

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  • kbad81kbad81 Member Posts: 26
    edited May 2016
    Can you please provide the following numbers for an EX in North Carolina:

    24/12 & 24/15

    36/12 & 36/15
  • kyfdxkyfdx Moderator Posts: 237,046
    kbad81 said:

    Can you please provide the following numbers for an EX in North Carolina:

    24/12 & 24/15

    36/12 & 36/15

    .00091 MF and 62%/60% residual. $2800 lease cash
    .00148 MF and 57%/55% residual. $2700 lease cash

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  • rammyb7rammyb7 Member Posts: 2
    Can you provide the following for a 2016 Kia Optima EX in Illinois:

    24/10 & 24/12

    36/10 & 36/12

    And if there is any lease cash available?

    Thanks
  • MichaellMichaell Moderator Posts: 241,232
    rammyb7 said:

    Can you provide the following for a 2016 Kia Optima EX in Illinois:

    24/10 & 24/12

    36/10 & 36/12

    And if there is any lease cash available?

    Thanks

    24/12 - .00091 and 62%. $2800 lease cash
    36/12 - .00148 and 57%. $2700 lease cash

    Add 1% for 10K

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  • js06gvjs06gv Member Posts: 456
    Can you confirm if SX & SXL numbers are the same in TX as you quoted for NJ above? Same terms, 36/12. Thanks @Michaell.

    2019 Jeep Wrangler Rubicon, 2019 Ford Mustang GT Premium, 2016 Kia Optima SX, 2013 Ford F-150 King Ranch, 2000 Pontiac Trans Am WS6, 2001 Kawasaki Vulcan 800 Classic

  • MichaellMichaell Moderator Posts: 241,232
    js06gv said:

    Can you confirm if SX & SXL numbers are the same in TX as you quoted for NJ above? Same terms, 36/12. Thanks @Michaell.

    Different numbers for Texas

    SX - .00156 and 57%. $3200 lease cash
    SXL - .00139 and 54%. $4000 lease cash

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  • klnmcmgklnmcmg Member Posts: 110
    MF and RV For SX, 36/15 in NC?
  • mdubdroid3mdubdroid3 Member Posts: 28
    can i get the 36/12 #s for NorCal on SXL, with available incentives? thanks!
  • MichaellMichaell Moderator Posts: 241,232
    klnmcmg said:

    MF and RV For SX, 36/15 in NC?

    .00156 and 55%. $3200 lease cash.

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  • MichaellMichaell Moderator Posts: 241,232

    can i get the 36/12 #s for NorCal on SXL, with available incentives? thanks!

    .00139 and 54%. $4000 lease cash.

    Thinking about a sedan instead of an SUV?

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  • mdubdroid3mdubdroid3 Member Posts: 28
    Michaell said:
    can i get the 36/12 #s for NorCal on SXL, with available incentives? thanks!
    .00139 and 54%. $4000 lease cash. Thinking about a sedan instead of an SUV?
    I've test driven the optima and sonata and liked them more than I thought I would. 1st preference is SUV but if I can't get the deal I want I'll go with sedan. 
  • mdubdroid3mdubdroid3 Member Posts: 28
    My wants are still slightly outweighing my practical driving needs right now lol
  • MichaellMichaell Moderator Posts: 241,232

    My wants are still slightly outweighing my practical driving needs right now lol

    That's true of just about everybody who posts here...

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  • snhugolf18snhugolf18 Member Posts: 14
    What would my payment be with the following figures:

    MSRP: $25,295
    Cap Cost: $21,807
    36 Months/12k Miles
    .00099 MF with 58% Res I believe.

    I live in Virginia.

    Thanks!

    $234/mo.


    Is that including Tax?
  • snhugolf18snhugolf18 Member Posts: 14
    edited May 2016
    Can I get the MF/Residual for Optima Lx 24/12 36/12 in Virginia as well as lease cash?

    Thanks!
  • MichaellMichaell Moderator Posts: 241,232

    What would my payment be with the following figures:

    MSRP: $25,295
    Cap Cost: $21,807
    36 Months/12k Miles
    .00099 MF with 58% Res I believe.

    I live in Virginia.

    Thanks!

    $234/mo.


    Is that including Tax?

    I get the same payment.

    VA assesses 4.1% sales tax against the entire selling price. Don't know if your cap cost number includes it or not.

    Can I get the MF/Residual for Optima Lx 24/12 36/12 in Virginia as well as lease cash?

    Thanks!

    24/12 - .00112 and 64%. $2800 lease cash
    36/12 - .00155 and 59%. $2700 lease cash

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  • mdubdroid3mdubdroid3 Member Posts: 28
    Michaell said:

    can i get the 36/12 #s for NorCal on SXL, with available incentives? thanks!

    .00139 and 54%. $4000 lease cash.

    Thinking about a sedan instead of an SUV?
    is lease cash taxed in the same way rebates are, or its just a straight reduction on selling price? can i also get #s with incentives for SX 36/12 in NorCal?
    thanks!
  • snhugolf18snhugolf18 Member Posts: 14
    24/12 - .00112 and 64%. $2800 lease cash
    36/12 - .00155 and 59%. $2700 lease cash

    Final question:

    Is the lease cash usually not disclosed by the dealer? Do I automatically qualify for this amount? Thanks for all your help!
  • MichaellMichaell Moderator Posts: 241,232

    Michaell said:

    can i get the 36/12 #s for NorCal on SXL, with available incentives? thanks!

    .00139 and 54%. $4000 lease cash.

    Thinking about a sedan instead of an SUV?
    is lease cash taxed in the same way rebates are, or its just a straight reduction on selling price? can i also get #s with incentives for SX 36/12 in NorCal?
    thanks!
    Lease cash is subject to sales tax.

    .00156 and 57%. $3200 lease cash

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  • _edmundo__edmundo_ Member Posts: 11
    Hi, i'm new to Leasing numbers....
    do you have any numbers for the:
    Optima EX, Premium Package + Audio Package, 36/15K in MA
    what would a reasonable price, residual and monthly payment be with or without money down..
    thanks
  • MichaellMichaell Moderator Posts: 241,232
    _edmundo_ said:

    Hi, i'm new to Leasing numbers....
    do you have any numbers for the:
    Optima EX, Premium Package + Audio Package, 36/15K in MA
    what would a reasonable price, residual and monthly payment be with or without money down..
    thanks

    .00148 and 55%. $2700 lease cash.

    We don't track selling prices - use the "make / model / year" pull downs at the top of the page to get to the price tools.

    We would need to know the MSRP and selling price in order to calculate a payment.

    Use this link for more information:

    http://www.edmunds.com/car-leasing/

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  • aukerusmcaukerusmc Member Posts: 47
    Good afternoon could you give me the lease numbers for a 2016 LX and EX model 12k for 24 months. Thanks so much
  • MichaellMichaell Moderator Posts: 241,232
    aukerusmc said:

    Good afternoon could you give me the lease numbers for a 2016 LX and EX model 12k for 24 months. Thanks so much

    What state is this? Kia numbers are regional.

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  • aukerusmcaukerusmc Member Posts: 47
    Sorry it is for Utah
  • MichaellMichaell Moderator Posts: 241,232
    aukerusmc said:

    Good afternoon could you give me the lease numbers for a 2016 LX and EX model 12k for 24 months. Thanks so much

    aukerusmc said:

    Sorry it is for Utah

    LX - .00112 and 64%. $2800 lease cash
    EX - .00091 and 62%. $2800 lease cash

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  • aukerusmcaukerusmc Member Posts: 47
    Thanks so much can you give me figures for LX Turbo 12k for 24 mth as well please. TY
  • MichaellMichaell Moderator Posts: 241,232
    aukerusmc said:

    Thanks so much can you give me figures for LX Turbo 12k for 24 mth as well please. TY

    .00031 and 60%. $2800 lease cash.

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  • kardon1kardon1 Member Posts: 40
    edited May 2016
    2016 optima hybrid base
    2015 Optima Hybrid EX

    24/15k in MA?
  • MichaellMichaell Moderator Posts: 241,232
    kardon1 said:

    2016 optima hybrid base
    2015 Optima Hybrid EX

    24/15k in MA?

    2016 optima hybrid base - .00084 and 54%. $6000 lease cash.
    2015 Optima Hybrid EX - .00077 and 45%. $7000 lease cash.

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  • rakeinfoolsrakeinfools Member Posts: 16
    Hi, 
    Money factor/residual/lease cash for 2016 Kia Optima both LX and EX  12k/36mo in Phoenix Az.
    thanks! 
  • kyfdxkyfdx Moderator Posts: 237,046

    Hi, 
    Money factor/residual/lease cash for 2016 Kia Optima both LX and EX  12k/36mo in Phoenix Az.
    thanks! 

    LX: .00155 MF and 59% residual. $2700 lease cash
    EX: .00148 MF and 57% residual. $2700 lease cash

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  • burneedoggburneedogg Member Posts: 25
    Hi! Can you provide the money factor / residual / lease cash for both a 2016 LX and LX Turbo? Wisconsin. Tier 3 financing please. Thanks!
  • MichaellMichaell Moderator Posts: 241,232

    Hi! Can you provide the money factor / residual / lease cash for both a 2016 LX and LX Turbo? Wisconsin. Tier 3 financing please. Thanks!

    What lease term and how many miles per year?

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  • burneedoggburneedogg Member Posts: 25
    Oops - sorry - 36/12
  • MichaellMichaell Moderator Posts: 241,232
    edited May 2016

    Hi! Can you provide the money factor / residual / lease cash for both a 2016 LX and LX Turbo? Wisconsin. Tier 3 financing please. Thanks!

    Oops - sorry - 36/12

    LX - .00155 and 59%. $2700 lease cash
    LX Turbo - .00150 and 55%. $3200 lease cash

    These numbers are good for the top three tiers, anything 700 or higher credit score.

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  • _edmundo__edmundo_ Member Posts: 11
    Hi, can you provide numbers for, MF/Residual and lease cash /incentives for
    SX Turbo 36mo/15k
    for MA and NH.

    not sure how it works, the dealership is in NH, but i live in MA, still have to pay MA tax
    thanks
  • MichaellMichaell Moderator Posts: 241,232
    _edmundo_ said:

    Hi, can you provide numbers for, MF/Residual and lease cash /incentives for
    SX Turbo 36mo/15k
    for MA and NH.

    not sure how it works, the dealership is in NH, but i live in MA, still have to pay MA tax
    thanks

    .00156 and 55%. $3200 lease cash.

    You pay tax based on where the car is registered.

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  • _edmundo__edmundo_ Member Posts: 11
    thanks for the info,
    so, how do i show to the dealership that there is a $3200 lease cash incentive (after agreeing with a sale price), if kia.com shows incentives of only $1500 cash back?
    also, can i use lease cash incentive to cover any required money down (out the door), or to reduce the monthly payment?

    thanks
  • MichaellMichaell Moderator Posts: 241,232
    _edmundo_ said:

    thanks for the info,
    so, how do i show to the dealership that there is a $3200 lease cash incentive (after agreeing with a sale price), if kia.com shows incentives of only $1500 cash back?
    also, can i use lease cash incentive to cover any required money down (out the door), or to reduce the monthly payment?

    thanks

    The $1500 is probably for purchase only. Use the knowledge of the lease cash to Negotiate your best selling price.

    You can use the lease cash to either lower the selling price or to cover the upfront costs.

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  • automan822automan822 Member Posts: 83
    MF, & Res. on the LX with connivence package MSRP $24820, did the MF go up in May?
    36/15, in Los Angeles

    Thanks
  • sm2004dsm2004d Member Posts: 10
    edited May 2016
    Hi there,

    I'm looking for the residual values and money factors for the following vehicles:

    LX Turbo with nav, 36/12K
    EX with nav, 36/12K

    Looking to put $1000 down.

    Both in Los Angeles, CA. Thank you!

    Also, can you explain what lease cash is please?
  • MichaellMichaell Moderator Posts: 241,232

    MF, & Res. on the LX with connivence package MSRP $24820, did the MF go up in May?
    36/15, in Los Angeles

    Thanks

    .00155 and 57%. $2700 lease cash.

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  • MichaellMichaell Moderator Posts: 241,232
    sm2004d said:

    Hi there,

    I'm looking for the residual values and money factors for the following vehicles:

    LX Turbo with nav, 36/12K
    EX with nav, 36/12K

    Looking to put $1000 down.

    Both in Los Angeles, CA. Thank you!

    Also, can you explain what lease cash is please?

    LX-T - .00150 and 55%. $3200 lease cash
    EX - .00148 and 57%. $2700 lease cash

    lease cash is a factory to dealer incentive; use the knowledge to negotiate your best price.

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  • sm2004dsm2004d Member Posts: 10
    Michaell said:

    sm2004d said:

    Hi there,

    I'm looking for the residual values and money factors for the following vehicles:

    LX Turbo with nav, 36/12K
    EX with nav, 36/12K

    Looking to put $1000 down.

    Both in Los Angeles, CA. Thank you!

    Also, can you explain what lease cash is please?

    LX-T - .00150 and 55%. $3200 lease cash
    EX - .00148 and 57%. $2700 lease cash

    lease cash is a factory to dealer incentive; use the knowledge to negotiate your best price.
    Thank you.

    So if I found an Edmunds price promise that knocks a fully loaded EX down 4,469, can that 2700 still be applied on top of it?
  • MichaellMichaell Moderator Posts: 241,232
    sm2004d said:

    Michaell said:

    sm2004d said:

    Hi there,

    I'm looking for the residual values and money factors for the following vehicles:

    LX Turbo with nav, 36/12K
    EX with nav, 36/12K

    Looking to put $1000 down.

    Both in Los Angeles, CA. Thank you!

    Also, can you explain what lease cash is please?

    LX-T - .00150 and 55%. $3200 lease cash
    EX - .00148 and 57%. $2700 lease cash

    lease cash is a factory to dealer incentive; use the knowledge to negotiate your best price.
    Thank you.

    So if I found an Edmunds price promise that knocks a fully loaded EX down 4,469, can that 2700 still be applied on top of it?
    Don't know .. often there are incentives that are valid for purchase only, not leasing.

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  • sm2004dsm2004d Member Posts: 10
    Michaell said:

    sm2004d said:

    Michaell said:

    sm2004d said:

    Hi there,

    I'm looking for the residual values and money factors for the following vehicles:

    LX Turbo with nav, 36/12K
    EX with nav, 36/12K

    Looking to put $1000 down.

    Both in Los Angeles, CA. Thank you!

    Also, can you explain what lease cash is please?

    LX-T - .00150 and 55%. $3200 lease cash
    EX - .00148 and 57%. $2700 lease cash

    lease cash is a factory to dealer incentive; use the knowledge to negotiate your best price.
    Thank you.

    So if I found an Edmunds price promise that knocks a fully loaded EX down 4,469, can that 2700 still be applied on top of it?
    Don't know .. often there are incentives that are valid for purchase only, not leasing.
    I've actually gone into dealerships with the Edmunds price promise and have negotiated payments for both purchase and lease using that same price. Maybe it just depends on the area.
  • sm2004dsm2004d Member Posts: 10
    edited May 2016
    I'm sorry, I wanted to ask about one more vehicle:

    Hybrid EX with tech package. 36/12K
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