2020 Stinger GT1 AWD Lease then Buyout

a_jayea_jaye Member Posts: 14
edited May 2020 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 ColoradoModerator Posts: 206,312
    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?

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  • a_jayea_jaye Member Posts: 14
    Zip code is 20019
  • kyfdxkyfdx Moderator Posts: 207,889
    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

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  • a_jayea_jaye Member Posts: 14
    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 Moderator Posts: 207,889
    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.

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