Car Buying Advice - Is this a good lease deal on a 2017 Optima?

sigekarhusigekarhu Member Posts: 11
edited May 2017 in Kia
Year, Make, Model, and Trim: [2017 Kia Optima EX]

MSRP: [$26,780]
Selling Price: [24000$]
Rebates: [$500 College Grad, $4000 Lease Cash]
Trade-in: [$0]

Months: [24]
Annual Mileage: [12,000]

MF: [optional]
Residual: [optional]

Security Deposit: [$0]
Total Due At Signing: $0]
Monthly Payment (incl. tax): [$246]

Zip Code: [90008]
Sales Tax Rate: [7.75%]

should i take it or could i achieve a better lease deal?


  • NathanCrumbackNathanCrumback Administrator Posts: 508
    @sigekarhu, I would find out what Money Factor and Residual they're using. The info i have says the MF- .00124 and residual for 24 months 12K miles is 61%

    With a sales price of $2,400 and $4500 in rebates, I would be estimating a payment of $200-205/month with all the numbers you gave me and $0 down.
    Edmunds Moderator
  • NathanCrumbackNathanCrumback Administrator Posts: 508
    @sigekarhu Sorry, I was calculating off 36 months. The payment they're quoting is fantastic and you should be happy with it! The sale price (cap cost) looks great, the MF has to be top tier for that payment, and everything else should be checking out (fees and taxes)
    Edmunds Moderator
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