Kia stinger GT1 lease

crazy4acuracrazy4acura Member Posts: 14
edited October 2020 in Kia
Hello,
Opening up a new thread as I did not get a response on two of my questions in a prior thread:
1) Is anyone aware of any dealer in California or Arizona who is still offering a "dealer rebate" over and above the Kia rebate?
2) Can someone confirm that if I want to buyout a lease, the final capitalized cost is the only number i need to be concerned about?

Could someone kindly share their recent experience?

Comments

  • kyfdxkyfdx Moderator Posts: 207,717

    Hello,
    Opening up a new thread as I did not get a response on two of my questions in a prior thread:
    1) Is anyone aware of any dealer in California or Arizona who is still offering a "dealer rebate" over and above the Kia rebate?
    2) Can someone confirm that if I want to buyout a lease, the final capitalized cost is the only number i need to be concerned about?

    Could someone kindly share their recent experience?

    Dealers don't offer rebates. They give discounts.

    If a dealer isn't giving a discount on a car with multiple thousands of incentives from the manufacturer, then you need to find a new dealer.

    The Adjusted or Net Capitalized cost takes into account any money that might be required from you at signing, so I wouldn't agree with your blanket statement

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  • crazy4acuracrazy4acura Member Posts: 14
    Thanks @kyfdx ! I am new to the terms, hence the confusion between discounts and rebates. You are right, I need to find a new dealer who understands the current situation and is willing to offer more discounts. On the second comment, the intent was to understand, if I do a lease buyout within the first month, how much would I have to pay: 1) is it the sum of (total remaining lease payments + residual value) OR 2) the adjusted capitalized cost?
  • MichaellMichaell ColoradoModerator Posts: 206,021

    Thanks @kyfdx ! I am new to the terms, hence the confusion between discounts and rebates. You are right, I need to find a new dealer who understands the current situation and is willing to offer more discounts. On the second comment, the intent was to understand, if I do a lease buyout within the first month, how much would I have to pay: 1) is it the sum of (total remaining lease payments + residual value) OR 2) the adjusted capitalized cost?

    Lease buyout would be the sum of the remaining payments (less rent charge) and the residual value - I think

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  • crazy4acuracrazy4acura Member Posts: 14
    Thanks @Michaell , Can anyone who has performed the lease buyout recently confirm this please?
  • MichaellMichaell ColoradoModerator Posts: 206,021

    Thanks @Michaell , Can anyone who has performed the lease buyout recently confirm this please?

    You might want to post your query into the main Stinger lease thread, here:
    https://forums.edmunds.com/discussion/59558/kia/stinger/2020-kia-stinger-lease-deals-and-prices#latest

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  • crazy4acuracrazy4acura Member Posts: 14
    Thanks @Michaell will do.
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