Leasing a 2016 Kia Sorento EX Turbo

wuppadicewuppadice Member Posts: 2
edited April 2016 in Kia
What is MF, RV, and monthly lease amount for leasing a 2016 Sorento EX in Buffalo NY? 36/12,000 MSRP is $34,075 and selling price $32,964. $2500 rebate and $595 acq fee. $1,000 cash down and & $3000 Trade in for 2007 Kia Sedona? Credit rate is 790. Thank you.
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  • wuppadicewuppadice Member Posts: 2
    Turbo engine 
  • kyfdxkyfdx Moderator Posts: 255,911
    FWD or AWD?

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  • jv77777jv77777 Member Posts: 9
    2016 KS Ex FWD tech packg in FL MSRP $35840
    36/12k $1758 down $350 + tax mf .00114  RV 61%
    please let me know if this is a good deal?
    also please let know MF and RV on the SX model the same options?
    thanks
  • MichaellMichaell Moderator Posts: 254,130
    jv77777 said:

    2016 KS Ex FWD tech packg in FL MSRP $35840
    36/12k $1758 down $350 + tax mf .00114  RV 61%
    please let me know if this is a good deal?
    also please let know MF and RV on the SX model the same options?
    thanks

    Which engine?

    What is the selling price on the EX?

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  • jv77777jv77777 Member Posts: 9
    The engine is the 2.0 turbo selling price is $32500 for EX with tech pkg.
    thank you
  • MichaellMichaell Moderator Posts: 254,130
    jv77777 said:

    2016 KS Ex FWD tech packg in FL MSRP $35840
    36/12k $1758 down $350 + tax mf .00114  RV 61%
    please let me know if this is a good deal?
    also please let know MF and RV on the SX model the same options?
    thanks

    jv77777 said:

    The engine is the 2.0 turbo selling price is $32500 for EX with tech pkg.
    thank you

    36/12 lease numbers for the EX FWD 2.0T are .00129 and 56%. There is $3500 lease cash, so you are not getting any discount from sticker nor are you getting all of the lease cash.

    SX FWD 36/12 - .00137 and 58%. $3400 lease cash.

    Given that neither your MF or RV match what I've just shared, I wonder if this is a 3rd party lease rather than one through Kia Motors Finance. Dealer can't adjust the residual.

    Using my lease numbers with your prices, I get $413/mo before tax. Using your lease numbers (61% and .00114), I get $357/mo plus tax.

    What does the $1758 due at signing cover?

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  • jv77777jv77777 Member Posts: 9
    This is a dealer here in FL. I'm not sure what that cover. I will have to ask. Sorry on the 2.0 T EX FWD MSRP $35000
    please let me know,
    Thanks
  • MichaellMichaell Moderator Posts: 254,130
    jv77777 said:

    This is a dealer here in FL. I'm not sure what that cover. I will have to ask. Sorry on the 2.0 T EX FWD MSRP $35000
    please let me know,
    Thanks

    You want to negotiate the best selling price, taking into account the available lease cash. Use the "make / model / year" pull downs at the top of the page to link to the price tools.

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  • felipe07txfelipe07tx Member Posts: 46
    Helping out a family member. I'd like to know MF, residual and any lease cash on 2016 Sorento EX AWD 2.0T and 3.3 for Indiana if possible. Much appreciated!
  • kyfdxkyfdx Moderator Posts: 255,911
    felipe_tejas said:

    Helping out a family member. I'd like to know MF, residual and any lease cash on 2016 Sorento EX AWD 2.0T and 3.3 for Indiana if possible. Much appreciated!

    36/12

    2.0T: .00128 MF and 57% residual. $3500 lease cash
    3.3: .00132 MF and 59% residual. $3000 lease cash

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