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2017 Kia Sportage Lease Questions

trparkcitytrparkcity Posts: 9
edited March 2016 in Kia
I'm looking for lease info for the 2017 Kia Sportage, in my case SX 2.0 Turbo AWD model. A credit union tool notes the residual for 24 months, and 10K miles was 75% (73% for 12K). This seems exceptional.

For those of you in-the-know, for both 24 and 36 months, 10K and 12K miles/year, what are the

2017 Kia Sportage SX 2.0T AWD:

10K mi/yr:
Money Factor 24/mo = ____, 36/mo= ____.
Residuals % 24/mo, 10K/mi= _____, 36/mo 10k/mi= _____
Lease cash 24/mo, 10K/mi= _____, 36/mo 10k/mi= _____

12K mi/yr:
Money Factor 24/mo = ____, 36/mo= ____.
Residuals % 24/mo, 12K/mi= _____, 36/mo 12k/mi= _____
Lease cash 24/mo, 12K/mi= _____, 36/mo 12k/mi= _____

Are there any rebates available to owners of a competing SUV? To owners of another Kia?

Any "Plan A" or friends/family pricing to start with?

Is there a pattern on Kia's lease offers, such that offers are better at certain times? (No hurry to purchase.)

Thanks.
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Comments

  • MichaellMichaell ColoradoPosts: 50,503

    I'm looking for lease info for the 2017 Kia Sportage, in my case SX 2.0 Turbo AWD model. A credit union tool notes the residual for 24 months, and 10K miles was 75% (73% for 12K). This seems exceptional.

    For those of you in-the-know, for both 24 and 36 months, 10K and 12K miles/year, what are the

    2017 Kia Sportage SX 2.0T AWD:

    10K mi/yr:
    Money Factor 24/mo = ____, 36/mo= ____.
    Residuals % 24/mo, 10K/mi= _____, 36/mo 10k/mi= _____
    Lease cash 24/mo, 10K/mi= _____, 36/mo 10k/mi= _____

    12K mi/yr:
    Money Factor 24/mo = ____, 36/mo= ____.
    Residuals % 24/mo, 12K/mi= _____, 36/mo 12k/mi= _____
    Lease cash 24/mo, 12K/mi= _____, 36/mo 12k/mi= _____

    Are there any rebates available to owners of a competing SUV? To owners of another Kia?

    Any "Plan A" or friends/family pricing to start with?

    Is there a pattern on Kia's lease offers, such that offers are better at certain times? (No hurry to purchase.)

    Thanks.

    Yes, we have 2017 Sportage information .. however, the Kia numbers are regional. What state are you in?

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  • I can do UT or CA, or WA. UT is perhaps easiest, but it's less competitive, so Southern CA or WA is pretty easy. Thanks.
  • kyfdxkyfdx Posts: 58,946

    I can do UT or CA, or WA. UT is perhaps easiest, but it's less competitive, so Southern CA or WA is pretty easy. Thanks.

    Where will you register the vehicle?

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  • kyfdxkyfdx Posts: 58,946

    I'm looking for lease info for the 2017 Kia Sportage, in my case SX 2.0 Turbo AWD model. A credit union tool notes the residual for 24 months, and 10K miles was 75% (73% for 12K). This seems exceptional.

    For those of you in-the-know, for both 24 and 36 months, 10K and 12K miles/year, what are the

    2017 Kia Sportage SX 2.0T AWD:

    10K mi/yr:
    Money Factor 24/mo = ____, 36/mo= ____.
    Residuals % 24/mo, 10K/mi= _____, 36/mo 10k/mi= _____
    Lease cash 24/mo, 10K/mi= _____, 36/mo 10k/mi= _____

    12K mi/yr:
    Money Factor 24/mo = ____, 36/mo= ____.
    Residuals % 24/mo, 12K/mi= _____, 36/mo 12k/mi= _____
    Lease cash 24/mo, 12K/mi= _____, 36/mo 12k/mi= _____

    Are there any rebates available to owners of a competing SUV? To owners of another Kia?

    Any "Plan A" or friends/family pricing to start with?

    Is there a pattern on Kia's lease offers, such that offers are better at certain times? (No hurry to purchase.)

    Thanks.

    .00120 MF and 72% residual for 24/12.

    .00156 MF and 65% residual for 36/12

    Add 1% for 10K/yr

    No lease cash. No incentive info. No patterns

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  • Thanks for your help!

    Nice residuals. Q: Once those are set, do they typically stay the same for the model year? Or, at least 6 months?

    Q: The credit union tool indicates a 'Add 2% for 10K/yr on the 36 month', and 1% Add for the 10K with 24 months? Can you double check the 36 month Add?

    Money factor of .00120 MF/2.88% and .00156 MF/3.74% aren't great. Q: Would these be lower with a FICO of 800+? (Sorry, I should have put that in the original post.)

    With these residuals, if down the road there is some lease cash, and/or incentives, and better MF, this could work well.
  • kyfdxkyfdx Posts: 58,946

    Thanks for your help!

    Nice residuals. Q: Once those are set, do they typically stay the same for the model year? Or, at least 6 months?

    Q: The credit union tool indicates a 'Add 2% for 10K/yr on the 36 month', and 1% Add for the 10K with 24 months? Can you double check the 36 month Add?

    Money factor of .00120 MF/2.88% and .00156 MF/3.74% aren't great. Q: Would these be lower with a FICO of 800+? (Sorry, I should have put that in the original post.)

    With these residuals, if down the road there is some lease cash, and/or incentives, and better MF, this could work well.

    A new program comes out monthly. The residuals won't always change monthly, but they will definitely be different in six months.

    +1% to go from 12K/yr to 10K/yr.

    The money factor is for top tier credit.

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  • Again, thank you! I'll check back in the coming months looking for lease cash, incentives, and/or better MF. And, thanks, I'll keep an eye on those residuals.
  • gillbgillb Posts: 48
    Can I get 2017 Sportage MF and Residual for an EX with AWD for Tampa Florida. Does anybody know the 0-60 on the 2.4L engine I can't find the information anywhere!
  • gillbgillb Posts: 48
    For 15,000 miles on above post
  • MichaellMichaell ColoradoPosts: 50,503
    gillb said:

    Can I get 2017 Sportage MF and Residual for an EX with AWD for Tampa Florida. Does anybody know the 0-60 on the 2.4L engine I can't find the information anywhere!

    gillb said:

    For 15,000 miles on above post

    .00147 and 63%

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  • edwardc6edwardc6 Posts: 8
    Residual & MF for SX FWD & AWD for 12/24 and 12/36 in Southern California. It appears no lease cash at the moment, correct?
  • MichaellMichaell ColoradoPosts: 50,503
    edwardc6 said:

    Residual & MF for SX FWD & AWD for 12/24 and 12/36 in Southern California. It appears no lease cash at the moment, correct?

    24/12
    SX FWD - .00065 and 69%
    SX AWD - .00120 and 72%

    36/12
    SX FWD - .00127 and 62%
    SX AWD - .00156 and 65%

    No lease cash

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  • kruth22kruth22 Posts: 2
    Do you have the numbers for a FWD EX base model. 12k a year? RI and OH. Was at a dealership that was giving me awful numbers.
  • MichaellMichaell ColoradoPosts: 50,503
    kruth22 said:

    Do you have the numbers for a FWD EX base model. 12k a year? RI and OH. Was at a dealership that was giving me awful numbers.

    Numbers are the same for both states - .00117 and 62% for 36/12. No lease cash.

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  • kyfdxkyfdx Posts: 58,946
    kruth22 said:

    Do you have the numbers for a FWD EX base model. 12k a year? RI and OH. Was at a dealership that was giving me awful numbers.

    .00117 MF and 64% residual, either state for 36 months

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  • kruth22kruth22 Posts: 2
    Wow thanks! So both my local dealerships are trying to charge me $100 more per month. I used to sell Kia's for a few months and knew they were *****ing me around. Now if only we could order cars like Tesla does.
  • edwardc6edwardc6 Posts: 8
    Residual & MF for EX FWD & AWD for 12/36 in Southern California.

    These cars are awesome but hard to find a good one. Then it's even worse when the dealers are truly con artists.
  • MichaellMichaell ColoradoPosts: 50,503
    edwardc6 said:

    Residual & MF for EX FWD & AWD for 12/36 in Southern California.

    These cars are awesome but hard to find a good one. Then it's even worse when the dealers are truly con artists.

    EX FWD - .00117 and 62%
    EX AWD - .00147 and 65%

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  • Looking for numbers on 2017 Sportage LX AWD and EX AWD 36/12 NY./Tier 7 credit..618score. Thanks
  • MichaellMichaell ColoradoPosts: 50,503

    Looking for numbers on 2017 Sportage LX AWD and EX AWD 36/12 NY./Tier 7 credit..618score. Thanks

    Tier 7 goes down to 620 score.

    LX - .00372 and 65%
    EX - .00387 and 65%

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  • Not sure if I am getting a good deal on 2017 Kia Sportage with tech package and premium package
    downpayment $2000 and then another $2000 which includes taxes, dmv, and first month payment $389

    NY 36/12
    Credit score 631
    MF .00267

  • BTW 2017 Kia Sportage is AWD
  • kyfdxkyfdx Posts: 58,946

    Not sure if I am getting a good deal on 2017 Kia Sportage with tech package and premium package
    downpayment $2000 and then another $2000 which includes taxes, dmv, and first month payment $389

    NY 36/12
    Credit score 631
    MF .00267

    It's the credit score that's killing you.

    Assuming this is an EX AWD, the base MF for top tier credit is .00147. The credit bump alone adds over $60/mo. to the payment.

    To calculate a payment, we would need MSRP and selling price.

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  • The cap cost is 33996 and adjusted cap cost is 30316.76
  • kyfdxkyfdx Posts: 58,946

    The cap cost is 33996 and adjusted cap cost is 30316.76

    MSRP?

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  • Sorry MSRP is 32,725
  • kyfdxkyfdx Posts: 58,946

    Sorry MSRP is 32,725

    .00267 MF and 65% residual.

    I get $389/mo., as well.

    If you had top tier credit, .00147 MF and payment of $327/mo.

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  • jalwaaajalwaaa Posts: 76
    rv & mf for 36/10 & 36/7.5k for sportage ex fwd ?
  • MichaellMichaell ColoradoPosts: 50,503
    jalwaaa said:

    rv & mf for 36/10 & 36/7.5k for sportage ex fwd ?

    What state? Kia numbers are regional.

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