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I'm looking to lease a new Kia Sportage/milage question.

eawilkieeawilkie 55344Posts: 1
edited May 27 in Kia
I have an Optima for trade in, 7k. 3k down from that and then monthly payment 219.00. My only problem is the mileage. 10k/year. I'd vastly prefer 12 or even 15. Is this generally negotiable? Any tips?

Answers

  • kyfdxkyfdx Everywhere, USAPosts: 127,999
    eawilkie said:

    I have an Optima for trade in, 7k. 3k down from that and then monthly payment 219.00. My only problem is the mileage. 10k/year. I'd vastly prefer 12 or even 15. Is this generally negotiable? Any tips?

    Dealers quote 10K/yr because the payment is lower.

    15K/yr will lower the residual by 3% of MSRP.

    On a $28K MSRP, that will add $840 to depreciation and add about $22/mo.+tax to the payment.

    No point in putting $3000 upfront towards a cheap lease, even if you have it available.
    What is your location?
    What trim Sportage?

    What is the MSRP?
    Selling price?
    Adjusted CAP cost?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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