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2020 Stinger GT1 AWD Lease then Buyout

a_jayea_jaye Posts: 5
edited May 21 in Kia
In searching for a new vehicle, a dealer proposed I lease the vehicle and then transfer to financing from a bank loan after 3 payments. Would this equate to a better deal on the vehicle or would I be paying the same/or more if I were to just finance from the start?

Lease terms are 24/10 or 36/12
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  • MichaellMichaell ColoradoPosts: 146,247
    a_jaye said:

    In searching for a new vehicle, a dealer proposed I lease the vehicle and then transfer to financing from a bank loan after 3 payments. Would this equate to a better deal on the vehicle or would I be paying the same/or more if I were to just finance from the start?

    Lease terms are 24/10 or 36/12

    This is a popular option with the Stinger, as the lease incentives are so much larger than the purchase incentives.

    What ZIP code?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • a_jayea_jaye Posts: 5
    Zip code is 20019
  • kyfdxkyfdx Posts: 152,577
    a_jaye said:

    In searching for a new vehicle, a dealer proposed I lease the vehicle and then transfer to financing from a bank loan after 3 payments. Would this equate to a better deal on the vehicle or would I be paying the same/or more if I were to just finance from the start?

    Lease terms are 24/10 or 36/12

    a_jaye said:

    Zip code is 20019

    24/10: .00203 MF and 56% residual. $8600 lease cash
    36/12: .00179 MF and 50% residual. $7000 lease cash

    If you are leasing, then buying out, be sure to take the 24 month term with the bigger incentive

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

    Edmunds Moderator

  • a_jayea_jaye Posts: 5
    Thanks soooo much for the information.

    So, will I face any fees or additional financial outlays if I switch to financing after a few payments on the lease?
  • kyfdxkyfdx Posts: 152,577
    a_jaye said:

    Thanks soooo much for the information.

    So, will I face any fees or additional financial outlays if I switch to financing after a few payments on the lease?

    Not likely, but KMF will likely not finance your buyout. You'll have to find financing on your own.

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

    Edmunds Moderator

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