2018 Kia Sorento Lease Deals and Prices

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  • kyfdxkyfdx Moderator Posts: 267,571
    joe24 said:


    Michaell said:

    joe24 said:

    what is the KIA sorrento numbers (MF, Residual and Incentives) for a 36/10 lease in Florida. Models LX, EX and SX. Thanks! RWD.

    What engine for the LX and EX?

    V6

    The 2WD Sorento is FWD, by the way.

    LX: .00197 MF and 52% residual. $5730 lease cash
    EX: .00200 MF and 53% residual. $5830 lease cash
    SX: .00196 MF and 51% residual. $7030 lease cash

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  • trotter456trotter456 Member Posts: 13
    what is the KIA sorrento numbers (MF, Residual and Incentives) for a 36/12 & 36/15 lease in New Jersey. 08807. Model SX Limited AWD Thanks!
  • MichaellMichaell Moderator Posts: 264,093

    what is the KIA sorrento numbers (MF, Residual and Incentives) for a 36/12 & 36/15 lease in New Jersey. 08807. Model SX Limited AWD Thanks!

    .00197 and 51% / 49%
    $8360 lease cash

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  • calthomascalthomas Member Posts: 4
    Can you please provide residuals, MF, and lease cash for Indiana?


    SX V6 AWD

    SXL V6 AWD

    36M/15K

    Thank you and appreciate your help.
  • calthomascalthomas Member Posts: 4
    Is state sales tax paid on lease cash at time of lease signing?
  • futurejw77futurejw77 Member Posts: 5
    Hi,

    I am looking for MF/Residual/Incentives for NJ, 08053.

    LX V6 AWD
    LX V6 AWD with Convenience Package
    EX V6 AWD
    EX V6 AWD with Advanced Touring Package

    36M/12K and 36M/10K

    I appreciate your help!

  • kyfdxkyfdx Moderator Posts: 267,571
    calthomas said:

    Can you please provide residuals, MF, and lease cash for Indiana?


    SX V6 AWD

    SXL V6 AWD

    36M/15K

    Thank you and appreciate your help.

    SX: .00196 MF and 49% residual
    $7230 lease cash

    SXL: .00197 MF and 49% residual
    $8030 lease cash

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  • kyfdxkyfdx Moderator Posts: 267,571
    calthomas said:

    Is state sales tax paid on lease cash at time of lease signing?

    Yes... the tax is remitted upfront, though you can always roll that amount into the CAP cost (effectively, re-taxing it, as Indiana taxes the monthly payment)

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  • kyfdxkyfdx Moderator Posts: 267,571

    Hi,

    I am looking for MF/Residual/Incentives for NJ, 08053.

    LX V6 AWD
    LX V6 AWD with Convenience Package
    EX V6 AWD
    EX V6 AWD with Advanced Touring Package

    36M/12K and 36M/10K

    I appreciate your help!

    36/12:
    LX: .00194 MF and 52% residual
    $6260 lease cash

    EX: .00194 MF and 53% residual
    $6260 lease cash

    Add 1% for 10K/yr

    Packages don't change the numbers.

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  • ap7ap7 Member Posts: 10
    Hi there,

    I am in Los Angeles (90278) and looking for MF/Residual/Lease Cash on,

    LX FWD - 36/12 & 36/10
    EX 2.0T FWD - 36/12 & 36/10

    Thanks for the help!
  • kyfdxkyfdx Moderator Posts: 267,571
    ap7 said:

    Hi there,

    I am in Los Angeles (90278) and looking for MF/Residual/Lease Cash on,

    LX FWD - 36/12 & 36/10
    EX 2.0T FWD - 36/12 & 36/10

    Thanks for the help!

    .00199 MF and 48%/49% residual. $6530 lease cash
    .00197 MF and 50%/51% residual. $6230 lease cash

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  • variable31variable31 Member Posts: 28
    Looking for MF/RV/Lease Cash for Sorento EX 2.0T AWD - 24/10 & 24/12 in 46037? Thanks!
  • MichaellMichaell Moderator Posts: 264,093

    Looking for MF/RV/Lease Cash for Sorento EX 2.0T AWD - 24/10 & 24/12 in 46037? Thanks!

    24/12 only (no 10K allowance from Kia) - .00201 and 55%; $7520 lease cash

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  • dinamo1975dinamo1975 Member Posts: 12
    Looking for MF/RV/Lease Cash for Sorento  EX V6- AWD 36/12 and 36/10 in Virginia Thanks!
  • MichaellMichaell Moderator Posts: 264,093

    Looking for MF/RV/Lease Cash for Sorento  EX V6- AWD 36/12 and 36/10 in Virginia Thanks!

    .00194 and 53% / 54%
    $5600 lease cash

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  • erinlrierinlri Member Posts: 5
    Hi Michael- Are you able to tell me if the following is a good deal in Massachusetts (registering in Rhode Island):
    Kia Sorento SX w/ Advanced Technology Package
    - Gross Cap Cost = $42,025
    - Cap Cost Reduction = $9452
    - Adj. Cap Cost = $32,572.50
    - Residual Value = $22,386.45
    - Rent Charge = $3,878.07
    - Total of base monthly payments = $14,064.12
    - 36 month lease / 12k miles
    - Monthly = $418.02 ($390.67 + $27.35 sales/use taxes)
    - Rebates / Noncash Credits = $8060 ($7,560 cash lease + $500 President's Day rebate)
    - Due at signing = $1,908 based on $418.02 (1st mos pmnt) + $175 (lic, title & reg) + $650 (acq fee) + $389 (DOC fee)

    Please note, I thought it would be smart to avoid rolling in Lic, title, reg, acq & doc fees and pay at signing since it would save me @$150 over 36 months in interest fees - is this correct?

    Also curious, what you calculate is the MF/RV based on the above since dealer did not provide that and if I could negotiate further? Thanks for your feedback on the above
  • MichaellMichaell Moderator Posts: 264,093
    erinlri said:

    Hi Michael- Are you able to tell me if the following is a good deal in Massachusetts (registering in Rhode Island):
    Kia Sorento SX w/ Advanced Technology Package
    - Gross Cap Cost = $42,025
    - Cap Cost Reduction = $9452
    - Adj. Cap Cost = $32,572.50
    - Residual Value = $22,386.45
    - Rent Charge = $3,878.07
    - Total of base monthly payments = $14,064.12
    - 36 month lease / 12k miles
    - Monthly = $418.02 ($390.67 + $27.35 sales/use taxes)
    - Rebates / Noncash Credits = $8060 ($7,560 cash lease + $500 President's Day rebate)
    - Due at signing = $1,908 based on $418.02 (1st mos pmnt) + $175 (lic, title & reg) + $650 (acq fee) + $389 (DOC fee)

    Please note, I thought it would be smart to avoid rolling in Lic, title, reg, acq & doc fees and pay at signing since it would save me @$150 over 36 months in interest fees - is this correct?

    Also curious, what you calculate is the MF/RV based on the above since dealer did not provide that and if I could negotiate further? Thanks for your feedback on the above

    Assuming AWD ... .00196 and 51%; $7560 lease cash

    I agree with the math on the dealer quote.

    We would recommend adding the acquisition and doc fees to the cap cost - if the car is stolen or totaled, you would lose that up front money.

    Only way to improve on the payment is to get a lower selling price.

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  • erinlrierinlri Member Posts: 5
    If I add the acq/do fees to the cap cost and car is stolen or totaled, how does this prevent me from losing this money?
  • erinlrierinlri Member Posts: 5
    And is .00196 51% current MF & RV for Kia Sorento SX AWD in MA?
  • MichaellMichaell Moderator Posts: 264,093
    erinlri said:

    If I add the acq/do fees to the cap cost and car is stolen or totaled, how does this prevent me from losing this money?

    If you prepay those charges and the car is totaled, you don't get it back from the insurance company.

    If you add those costs to the monthly payment, you pay as you go. Acquisition fee is $650, if the lease is terminated after 18 months, you've only paid $325.

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  • MichaellMichaell Moderator Posts: 264,093
    erinlri said:

    And is .00196 51% current MF & RV for Kia Sorento SX AWD in MA?

    That is correct.

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  • erinlrierinlri Member Posts: 5
    Appreciate your feedback and this forum. Only question now is whether final price of car is reasonable and if I am getting a good deal?
  • futurejw77futurejw77 Member Posts: 5
    Hi,

    I want to know if the cash incentive would affect the room for the discount for the selling price?

    For example, the MSRP is $33,500 (LX AWD with Convenience package), the cash incentive is $6,260, and the average selling price for the vehicle from a price comparison website is $4,000 off the MSRP.

    In this case, do you think expecting the $4,000 discount is realistic? Or should I expect much lower discount because of the big cash incentive?

    I would very much appreciate your thought.
  • erinlrierinlri Member Posts: 5
    Shouldn't my monthly payments be lower w/ almost $8k in cap cost reductions bringing Adj Cap Cost down to $32,572.50? Seems like Toyota Highland may be less expensive to lease coming out @ $350 to $380/month at a Cap Cost = $35k?
  • kyfdxkyfdx Moderator Posts: 267,571
    erinlri said:

    Shouldn't my monthly payments be lower w/ almost $8k in cap cost reductions bringing Adj Cap Cost down to $32,572.50? Seems like Toyota Highland may be less expensive to lease coming out @ $350 to $380/month at a Cap Cost = $35k?

    The calculations are correct.... the money factor on the Sorento is huge, and cancels out the big incentive. (or, the incentive cancels out the huge money factor, if you want to look at it the other way.

    I'd rather have a Highlander for the same money

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  • kyfdxkyfdx Moderator Posts: 267,571

    Hi,

    I want to know if the cash incentive would affect the room for the discount for the selling price?

    For example, the MSRP is $33,500 (LX AWD with Convenience package), the cash incentive is $6,260, and the average selling price for the vehicle from a price comparison website is $4,000 off the MSRP.

    In this case, do you think expecting the $4,000 discount is realistic? Or should I expect much lower discount because of the big cash incentive?

    I would very much appreciate your thought.

    I don't know how the website calculates their numbers, or whether that includes a purchase incentive that isn't compatible with the lease.

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  • trotter456trotter456 Member Posts: 13
    kyfdx said:

    erinlri said:

    Shouldn't my monthly payments be lower w/ almost $8k in cap cost reductions bringing Adj Cap Cost down to $32,572.50? Seems like Toyota Highland may be less expensive to lease coming out @ $350 to $380/month at a Cap Cost = $35k?

    The calculations are correct.... the money factor on the Sorento is huge, and cancels out the big incentive. (or, the incentive cancels out the huge money factor, if you want to look at it the other way.

    I'd rather have a Highlander for the same money
    kyfdx said:

    erinlri said:

    Shouldn't my monthly payments be lower w/ almost $8k in cap cost reductions bringing Adj Cap Cost down to $32,572.50? Seems like Toyota Highland may be less expensive to lease coming out @ $350 to $380/month at a Cap Cost = $35k?

    The calculations are correct.... the money factor on the Sorento is huge, and cancels out the big incentive. (or, the incentive cancels out the huge money factor, if you want to look at it the other way.

    I'd rather have a Highlander for the same money

    Does anyone know if Kia lets you pay down MF with multiple deposits? If so how many do they allow?
  • MichaellMichaell Moderator Posts: 264,093

    kyfdx said:

    erinlri said:

    Shouldn't my monthly payments be lower w/ almost $8k in cap cost reductions bringing Adj Cap Cost down to $32,572.50? Seems like Toyota Highland may be less expensive to lease coming out @ $350 to $380/month at a Cap Cost = $35k?

    The calculations are correct.... the money factor on the Sorento is huge, and cancels out the big incentive. (or, the incentive cancels out the huge money factor, if you want to look at it the other way.

    I'd rather have a Highlander for the same money
    kyfdx said:

    erinlri said:

    Shouldn't my monthly payments be lower w/ almost $8k in cap cost reductions bringing Adj Cap Cost down to $32,572.50? Seems like Toyota Highland may be less expensive to lease coming out @ $350 to $380/month at a Cap Cost = $35k?

    The calculations are correct.... the money factor on the Sorento is huge, and cancels out the big incentive. (or, the incentive cancels out the huge money factor, if you want to look at it the other way.

    I'd rather have a Highlander for the same money

    Does anyone know if Kia lets you pay down MF with multiple deposits? If so how many do they allow?
    Kia does not have a defined MSD program.

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  • shuale_ejsshuale_ejs Member Posts: 115
    Morning,

    Can you give me the MF, RV, and Lease Cash for EX 2.0T - AWD for 36/15 and 36/12 in 44120 please?

    Thanks!
  • MichaellMichaell Moderator Posts: 264,093

    Morning,

    Can you give me the MF, RV, and Lease Cash for EX 2.0T - AWD for 36/15 and 36/12 in 44120 please?

    Thanks!

    .00196 and 49% / 51%
    $6430 lease cash

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  • shuale_ejsshuale_ejs Member Posts: 115
    $6430 lease cash

    Thanks for your quick response. I am looking at the the Sorento and the Santa Fe. In the end it will likely just come down to price. But, since I don't have much experience with this, would you say the big "lease cash" that Kia is offering will reduce the likelihood of them doing much negotiating on the "Purchase Price"?
  • kyfdxkyfdx Moderator Posts: 267,571

    $6430 lease cash

    Thanks for your quick response. I am looking at the the Sorento and the Santa Fe. In the end it will likely just come down to price. But, since I don't have much experience with this, would you say the big "lease cash" that Kia is offering will reduce the likelihood of them doing much negotiating on the "Purchase Price"?

    No.. shouldn't make any difference, that way.

    The big lease cash is to offset the very high money factor. Why they've chosen to do it that way is a matter for the accountants. Most banks have a lower money factor and less lease cash. It's all designed to hit a target lease payment that will sell cars.

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  • shuale_ejsshuale_ejs Member Posts: 115
    Thanks!
  • eagles103eagles103 Member Posts: 14
    Could you please provide MF/Residual. Florida (Tampa area)

    LX FWD - 36/12
    EX 2.0T FWD - 36/12
    SX FWD - 36/12

    Thank you!
  • MichaellMichaell Moderator Posts: 264,093
    eagles103 said:

    Could you please provide MF/Residual. Florida (Tampa area)

    LX FWD - 36/12
    EX 2.0T FWD - 36/12
    SX FWD - 36/12

    Thank you!

    For the LX, 2.4 or 3.3 engine?

    EX 2.0T FWD - .00211 and 51%; $6230 lease cash
    SX FWD - .00207 and 51%; $7030 lease cash

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  • eagles103eagles103 Member Posts: 14
    Sorry the LX V6. Thanks
  • MichaellMichaell Moderator Posts: 264,093
    eagles103 said:

    Sorry the LX V6. Thanks

    LX V6 FWD 36/12 - .00205 and 52%; $5630 lease cash

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  • psavage1psavage1 Member Posts: 23
    edited March 2018
    Could you please provide me with the MF/Residual for San Diego, CA on a SXL FWD 36/12 & 24/12?

    Thanks 
  • MichaellMichaell Moderator Posts: 264,093
    psavage1 said:

    Could you please provide me with the MF/Residual for San Diego, CA on a SXL FWD 36/12 & 24/12?

    Thanks 

    24/12 - .00224 and 54%; $9820 lease cash
    36/12 - .00207 and 50%; $8230 lease cash

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  • psavage1psavage1 Member Posts: 23
    Michaell said:
    Could you please provide me with the MF/Residual for San Diego, CA on a SXL FWD 36/12 & 24/12?

    Thanks 
    24/12 - .00224 and 54%; $9820 lease cash 36/12 - .00207 and 50%; $8230 lease cash
    Great  thank you! 
  • trotter456trotter456 Member Posts: 13
    Can you provide March MF Residuals and lease cash of SXL AWD 12/36 15/35. ZIP 08807. Thanks in advance
  • MichaellMichaell Moderator Posts: 264,093

    Can you provide March MF Residuals and lease cash of SXL AWD 12/36 15/35. ZIP 08807. Thanks in advance

    36/12; subtract 2% for 15K

    .00207 and 52%
    $8360 lease cash

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  • shuale_ejsshuale_ejs Member Posts: 115
    Can you give me the MF, RV, and Lease Cash for EX 2.0T - AWD and FWD for 36/15 and 36/12 in 44120 please?
  • MichaellMichaell Moderator Posts: 264,093

    Can you give me the MF, RV, and Lease Cash for EX 2.0T - AWD and FWD for 36/15 and 36/12 in 44120 please?

    36/12 numbers; subtract 2% for 15K

    FWD - .00211 and 51%; $6230 lease cash
    AWD - .00209 and 52%; $6430 lease cash

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  • moodyhankmoodyhank Member Posts: 240
    Can I please get the 24/15 and 36/15 numbers in Colorado for the 3.3 SX and SX-L awd?
  • futurejw77futurejw77 Member Posts: 5
    Can you provide March MF, Residuals, and lease cash? ZIP 08053.
    LX AWD
    LX V6 AWD
    EX V6 AWD

    Thanks in advance.
  • kyfdxkyfdx Moderator Posts: 267,571
    moodyhank said:

    Can I please get the 24/15 and 36/15 numbers in Colorado for the 3.3 SX and SX-L awd?

    24/15
    SX: .00220 MF and 54% residual. $8520 lease cash
    SXL: .00222 MF and 54% residual. $9520 lease cash

    36/15
    SX: .00207 MF and 50% residual. $7230 lease cash
    SXL: .00207 MF and 50% residual. $8030 lease cash

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  • kyfdxkyfdx Moderator Posts: 267,571
    edited March 2018

    Can you provide March MF, Residuals, and lease cash? ZIP 08053.
    LX AWD
    LX V6 AWD
    EX V6 AWD

    Thanks in advance.

    36/12
    .00208 MF and 51% residual. $6960 lease cash
    .00209 MF and 53% residual. $6260 lease cash
    .00207 MF and 54% residual. $6260 lease cash

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  • codered90codered90 Member Posts: 13
    May I please have the MF, residual, and lease cash for NJ (zip 07071). 36/12k.

    LX V6 AWD
    EX 2.0 turbo AWD.

    Thank you!
  • kyfdxkyfdx Moderator Posts: 267,571
    codered90 said:

    May I please have the MF, residual, and lease cash for NJ (zip 07071). 36/12k.

    LX V6 AWD
    EX 2.0 turbo AWD.

    Thank you!

    .00209 MF and 53% residual. $6260 lease cash
    .00209 MF and 52% residual. $6760 lease cash

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