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Kia Niro EV, MF and residual

hirojackhirojack Member Posts: 9
edited October 2019 in Kia
hello- would you please let me know the money factor and the residual on a 2019 Kia Niro EV?n for both the EX and EX Premium trims? this will be in the state of California, zip 93536.

also, the federal tax rebate of 7500$ and the State of 2500$ would be lease cash and go to the cap cost reduction right?

yeah, i know i'll have to pay tax on it ;(.

i really appreciate this. thanks in advance.
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  • MichaellMichaell Moderator Posts: 248,671
    hirojack said:

    hello- would you please let me know the money factor and the residual on a 2019 Kia Niro EV?n for both the EX and EX Premium trims? this will be in the state of California, zip 93536.

    also, the federal tax rebate of 7500$ and the State of 2500$ would be lease cash and go to the cap cost reduction right?

    yeah, i know i'll have to pay tax on it ;(.

    i really appreciate this. thanks in advance.

    Lease term and miles per year?

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  • hirojackhirojack Member Posts: 9
    sorry about that..... 10k a year / 36 months
  • MichaellMichaell Moderator Posts: 248,671
    hirojack said:

    hello- would you please let me know the money factor and the residual on a 2019 Kia Niro EV?n for both the EX and EX Premium trims? this will be in the state of California, zip 93536.

    also, the federal tax rebate of 7500$ and the State of 2500$ would be lease cash and go to the cap cost reduction right?

    yeah, i know i'll have to pay tax on it ;(.

    i really appreciate this. thanks in advance.

    hirojack said:

    sorry about that..... 10k a year / 36 months

    EX - .00192 and 48%; $8600 lease cash
    EX-P - .00192 and 47%; $9400 lease cash

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  • hirojackhirojack Member Posts: 9
    thanks! the lease cash is the rebates i get from the fed and state, right? that sre applied to the cap cost as a reduction?

    if so, shouldn't that be $7500 (fed) and $2500( state)? and why are they different between trims then?

    i also understand that lease cash can be factory incentives as well? if so, i didn't see those offers on Kia's website.

    if you could clear that up for me, i'd very much appreciate it. thanks!
  • kyfdxkyfdx Moderator Posts: 248,790
    hirojack said:

    thanks! the lease cash is the rebates i get from the fed and state, right? that sre applied to the cap cost as a reduction?

    if so, shouldn't that be $7500 (fed) and $2500( state)? and why are they different between trims then?

    i also understand that lease cash can be factory incentives as well? if so, i didn't see those offers on Kia's website.

    if you could clear that up for me, i'd very much appreciate it. thanks!

    The lease cash is a rebate from Kia, in lieu of the federal tax credit (plus some extra). Yes, it will be taxable.
    The rebate from the state is afterwards, right? If so, that won't be taxable, because it doesn't reduce the monthly payment (which you will be paying tax on).

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  • hirojackhirojack Member Posts: 9
    i thought the state rebate was like the federal ( technically i know that Kia would take that and give me a rebate in lieu of those rebates)....added to cap cost reduction at the same time.
  • kyfdxkyfdx Moderator Posts: 248,790
    hirojack said:

    i thought the state rebate was like the federal ( technically i know that Kia would take that and give me a rebate in lieu of those rebates)....added to cap cost reduction at the same time.

    It's possible that it's changed, but in the past, you had to submit info to the state directly for that rebate.

    Even if it's changed, the state rebate is not part of the incentives we've quoted.

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  • rickzrickz Member Posts: 39
    Hello,

    Please provide MF, RV, and incentives for the 2019 Niro EV in the EX and EX Premium trims for zip code 37209. Thank you!
  • MichaellMichaell Moderator Posts: 248,671
    rickz said:

    Hello,

    Please provide MF, RV, and incentives for the 2019 Niro EV in the EX and EX Premium trims for zip code 37209. Thank you!

    Lease term and miles per year?

    Edmunds Price Checker
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  • rickzrickz Member Posts: 39
    Michaell said:

    rickz said:

    Hello,

    Please provide MF, RV, and incentives for the 2019 Niro EV in the EX and EX Premium trims for zip code 37209. Thank you!

    Lease term and miles per year?
    Sorry, 36 month, lowest mileage they offer
  • kyfdxkyfdx Moderator Posts: 248,790
    rickz said:

    Michaell said:

    rickz said:

    Hello,

    Please provide MF, RV, and incentives for the 2019 Niro EV in the EX and EX Premium trims for zip code 37209. Thank you!

    Lease term and miles per year?
    Sorry, 36 month, lowest mileage they offer
    36/10
    EX: .00185 MF and 45% residual. $9500 lease cash
    EXP: .00183 MF and 45% residual. $10000 lease cash

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  • PC2019PC2019 Member Posts: 1
    edited November 2019
    Hello, Looking to lease a Kia Niro EV in 95135. What are the current lease price(36/10) for 95135.
    Also MF and Residual in CA.
    Thank You in advance
  • MichaellMichaell Moderator Posts: 248,671
    PC2019 said:

    Hello, Looking to lease a Kia Niro EV in 95135. What are the current lease price(36/10) for 95135.
    Also MF and Residual in CA.
    Thank You in advance

    EV EX
    .00185 and 45%
    $9500 lease cash

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