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2021 Kia Sorento Lease Deals and Prices

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    MichaellMichaell Moderator Posts: 245,017
    vdub66 said:

    Looking for MF, residual, and incentives if any for the 2021 Sorento EX AWD
    10k & 12k & 15k year options
    Zip 07751

    Thank you in advance

    36/15
    .00108 and 61%
    $300 lease cash

    Add 2% or 3% for 12K or 10K, respectively

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    ticklysoulticklysoul Member Posts: 11
    Hi, Test drove a Sorento Hybrid this morning. What are the MF, Residual and Incentives for 2021 Sorento Hybrid EX - I'd like to compare 36/10K and 36/12K. Zip code 98056. Thank you!
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    kyfdxkyfdx Moderator Posts: 243,132

    Hi, Test drove a Sorento Hybrid this morning. What are the MF, Residual and Incentives for 2021 Sorento Hybrid EX - I'd like to compare 36/10K and 36/12K. Zip code 98056. Thank you!

    36/12
    .00100 MF and 63% residual

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    ticklysoulticklysoul Member Posts: 11
    kyfdx said:

    Hi, Test drove a Sorento Hybrid this morning. What are the MF, Residual and Incentives for 2021 Sorento Hybrid EX - I'd like to compare 36/10K and 36/12K. Zip code 98056. Thank you!

    36/12
    .00100 MF and 63% residual
    Thank you!!

    What about for a 36mo/10K lease?
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    kyfdxkyfdx Moderator Posts: 243,132

    kyfdx said:

    Hi, Test drove a Sorento Hybrid this morning. What are the MF, Residual and Incentives for 2021 Sorento Hybrid EX - I'd like to compare 36/10K and 36/12K. Zip code 98056. Thank you!

    36/12
    .00100 MF and 63% residual
    Thank you!!

    What about for a 36mo/10K lease?
    +1%

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    JJLJJL Member Posts: 31
    Hello - could I please get the residuals, MF and incentives for 2021 Sorento SX prestige x line awd? Zip code is 43015 and 36/12k
    24/12k
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    MichaellMichaell Moderator Posts: 245,017
    JJL said:

    Hello - could I please get the residuals, MF and incentives for 2021 Sorento SX prestige x line awd? Zip code is 43015 and 36/12k
    24/12k

    .00094 and 70%; $400 lease cash
    .00101 and 62%; no incentives

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    DjLinNJDjLinNJ Member Posts: 7
    Hello,
    MF, residual & incentive
    2021 Sorento S AWD
    24/12
    08759
    Thanks!
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    MichaellMichaell Moderator Posts: 245,017
    DjLinNJ said:

    Hello,
    MF, residual & incentive
    2021 Sorento S AWD
    24/12
    08759
    Thanks!

    .00090 and 69%
    $1400 lease cash

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    DjLinNJDjLinNJ Member Posts: 7
    Hello again and thank you again.
    Same car without AWD.
    MF, residual & incentive
    2021 Sorento S
    24/12
    08759
  • Options
    kyfdxkyfdx Moderator Posts: 243,132
    DjLinNJ said:

    Hello again and thank you again.
    Same car without AWD.
    MF, residual & incentive
    2021 Sorento S
    24/12
    08759

    .00090 MF and 67% residual
    $1900 lease cash

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    sakikaplansakikaplan Member Posts: 11
    Hi,
    2021 Sorento SX-Prestige SUV FWD and 2021 Sorento SX SUV FWD

    MF, residual & incentive for 36/12
    Zip 33076
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    MichaellMichaell Moderator Posts: 245,017

    Hi,
    2021 Sorento SX-Prestige SUV FWD and 2021 Sorento SX SUV FWD

    MF, residual & incentive for 36/12
    Zip 33076

    SX - .00110 and 62%; $300 lease cash
    SX-P - .00103 and 62%; no incentives

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    DjLinNJDjLinNJ Member Posts: 7
    Hello again,
    Today my dealership offered me a MF of .00116
    I was quoted a MF of .00090 on this forum.
    Would that indicate they are using a different finance company? Should I be suspicious?
    Thanks.
  • Options
    MichaellMichaell Moderator Posts: 245,017
    DjLinNJ said:

    Hello again,
    Today my dealership offered me a MF of .00116
    I was quoted a MF of .00090 on this forum.
    Would that indicate they are using a different finance company? Should I be suspicious?
    Thanks.

    Either they are using a different bank, or they are marking up the MF.

    Ask them which bank - if they say Kia Motor Finance (KMF), then insist on the base MF.

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    DjLinNJDjLinNJ Member Posts: 7
    Will do. Thanks so much!
  • Options
    DjLinNJDjLinNJ Member Posts: 7
    edited February 2021
    Would this be the forum where I could post my "Estimated Deal" from my KIA dealership to see if there are any discrepancies or red flags?
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    kyfdxkyfdx Moderator Posts: 243,132
    DjLinNJ said:

    Would this be the forum where I could post my "Estimated Deal" from my KIA dealership to see if there are any discrepancies or red flags?

    Sure

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    DjLinNJDjLinNJ Member Posts: 7
    edited February 2021
    The dealership is using AutoFi, Inc. for there financial services. This is what they sent me. The residual is correct but the MF is off and I’m not sure about how they applied the cash incentive.



    No price has been negotiated as of yet.
    Thanks once again!
  • Options
    kyfdxkyfdx Moderator Posts: 243,132
    DjLinNJ said:

    The dealership is using AutoFi, Inc. for there financial services. This is what they sent me. The residual is correct but the MF is off and I’m not sure about how they applied the cash incentive.



    No price has been negotiated as of yet.
    Thanks once again!

    Any quote for full MSRP is going to be high. Also, it's doubtful that a 24 month term is going to be cost effective, either.

    I'll guess this is a KMF lease, and AutoFi is just the software program they use.

    The $1900 incentive was used to pay all of the amount due at signing (right hand column, at the bottom)

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    DjLinNJDjLinNJ Member Posts: 7
    edited February 2021
    Hi,

    The MSRP has not been negotiated yet.

    If AutoFi is using KMF, I would think the MF would be the same as what was quoted to me on this forum unless they are adding something for themselves (I will negotiate this for sure).

    I noticed the incentive covered the first month, cap cost reductions and taxes. I just did not know if that is a normal process.

    Your information has been very helpful and I really do appreciate it.
  • Options
    MichaellMichaell Moderator Posts: 245,017
    DjLinNJ said:

    Hi,

    The MSRP has not been negotiated yet.

    If AutoFi is using KMF, I would think the MF would be the same as what was quoted to me on this forum unless they are adding something for themselves (I will negotiate this for sure).

    I noticed the incentive covered the first month, cap cost reductions and taxes. I just did not know if that is a normal process.

    Your information has been very helpful and I really do appreciate it.

    The dealer is permitted to mark up the MF for extra profit.

    Insist on the base rate, or find another dealer.

    As noted, 24 months is not the ideal term for this lease.

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    kyfdxkyfdx Moderator Posts: 243,132
    edited February 2021
    DjLinNJ said:

    Hi,

    The MSRP has not been negotiated yet.

    If AutoFi is using KMF, I would think the MF would be the same as what was quoted to me on this forum unless they are adding something for themselves (I will negotiate this for sure).

    I noticed the incentive covered the first month, cap cost reductions and taxes. I just did not know if that is a normal process.

    Your information has been very helpful and I really do appreciate it.

    I think AutoFi is just a software program. The chances of another lender having the same incentives is almost nil.

    There is no "normal" for how to structure a lease. It's possible they "heard" you say you wanted zero out of pocket or sign and drive.

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    idgystinks1idgystinks1 Member Posts: 44
    Dear friend,
    Lease 2/24 MF RES Cash
    S FWD
    S FWD Hybrid
    zip 74063

    thank you
  • Options
    kyfdxkyfdx Moderator Posts: 243,132

    Dear friend,
    Lease 2/24 MF RES Cash
    S FWD
    S FWD Hybrid
    zip 74063

    thank you

    24/12

    Hyb: .00093 MF and 70% residual. $1000 lease cash
    Gas: .00090 MF and 67% residual. $1900 lease cash

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    jridgeatljridgeatl Member Posts: 13
    Can I please get the MF and Residual for a Sorento Sx 36/12 and for a Sorento Prestige 36/12 and any manufacturer incentives for 30328? Please and thank you!

    Also, any thoughts on what decent dealer discounts may look like?
  • Options
    MichaellMichaell Moderator Posts: 245,017
    jridgeatl said:

    Can I please get the MF and Residual for a Sorento Sx 36/12 and for a Sorento Prestige 36/12 and any manufacturer incentives for 30328? Please and thank you!

    Also, any thoughts on what decent dealer discounts may look like?

    FWD or AWD?

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    jridgeatljridgeatl Member Posts: 13
    FWD and AWD. Sorry for being overly complicated.
  • Options
    MichaellMichaell Moderator Posts: 245,017
    jridgeatl said:

    Can I please get the MF and Residual for a Sorento Sx 36/12 and for a Sorento Prestige 36/12 and any manufacturer incentives for 30328? Please and thank you!

    Also, any thoughts on what decent dealer discounts may look like?

    jridgeatl said:

    FWD and AWD. Sorry for being overly complicated.

    SX A - .00107 and 62%; $300 lease cash
    SX F - .00110 and 62%; $300
    SX-P F - .00103 and 62%
    SX-P A - .00101 and 62%

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    jridgeatljridgeatl Member Posts: 13
    Looking at a Sorento Prestige FWD 36/12 with no money down and taxes wrapped into payment for $515. They are also giving me $4k cash for my trade that I only valued at $3k. Thoughts? Good deal?
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    jridgeatljridgeatl Member Posts: 13
    Is $3,000 discount off the MSRP of a Sorento Prestige a good discount or is there considerable more room?
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    kyfdxkyfdx Moderator Posts: 243,132
    jridgeatl said:

    Is $3,000 discount off the MSRP of a Sorento Prestige a good discount or is there considerable more room?

    Edmunds price research is HERE

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    catsinjaxcatsinjax Member Posts: 16
    Hi - can you please provide MF and residual for 2021 SX Prestige X Line(AWD) - 24/12 and 36/12.
    Any incentives? Thank you :-)
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    MichaellMichaell Moderator Posts: 245,017
    catsinjax said:

    Hi - can you please provide MF and residual for 2021 SX Prestige X Line(AWD) - 24/12 and 36/12.
    Any incentives? Thank you :-)

    What is your location?

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    catsinjaxcatsinjax Member Posts: 16
    32259 - sorry about that
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    MichaellMichaell Moderator Posts: 245,017
    catsinjax said:

    Hi - can you please provide MF and residual for 2021 SX Prestige X Line(AWD) - 24/12 and 36/12.
    Any incentives? Thank you :-)

    catsinjax said:

    32259 - sorry about that

    .00094 and 70%; $400 lease cash
    .00101 and 62%; no incentives

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    vwnutvwnut Member Posts: 1
    Good Afternoon! Can you please provide the Residual, MF & Lease incentives on a 2021 Sorento S AWD. 36 months, 10K miles. 14051
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    MichaellMichaell Moderator Posts: 245,017
    vwnut said:

    Good Afternoon! Can you please provide the Residual, MF & Lease incentives on a 2021 Sorento S AWD. 36 months, 10K miles. 14051

    .00106 and 65%
    $200 lease cash

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    truk1llatruk1lla Member Posts: 12
    sx prestige 36/10k 30078
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    kyfdxkyfdx Moderator Posts: 243,132
    truk1lla said:

    sx prestige 36/10k 30078

    FWD or AWD?

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    truk1llatruk1lla Member Posts: 12
    fwd
    kyfdx said:

    truk1lla said:

    sx prestige 36/10k 30078

    FWD or AWD?
    both
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    MichaellMichaell Moderator Posts: 245,017
    truk1lla said:

    fwd

    kyfdx said:

    truk1lla said:

    sx prestige 36/10k 30078

    FWD or AWD?
    both
    63% residual
    FWD - .00103 MF
    AWD - .00101 MF
    No incentives

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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    Thedude65Thedude65 Member Posts: 154
    Can I please have the RV, MF, and rebates for 2021 Sorento S FWD , 36/15, for zip 08087. Thanks.
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    MichaellMichaell Moderator Posts: 245,017
    Thedude65 said:

    Can I please have the RV, MF, and rebates for 2021 Sorento S FWD , 36/15, for zip 08087. Thanks.

    How many people are you shopping for? :wink:

    .00107 and 60%
    $800 lease cash

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    Thedude65Thedude65 Member Posts: 154
    Yeah, you noticed? :D
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    MichaellMichaell Moderator Posts: 245,017
    Thedude65 said:

    Yeah, you noticed? :D

    I was only half joking. If you're shopping for others, we'd prefer they set up their own accounts and post their own questions.

    Helps our web metrics, and makes us look good to management.

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    Thedude65Thedude65 Member Posts: 154
    It's family and friends that are intimidated by car leasing...everyone asks me. :'(
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    Thedude65Thedude65 Member Posts: 154
    To help this great site I will try to get them to create accounts.
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    Thedude65Thedude65 Member Posts: 154
    But ....in the meantime, can I please have 2021 Sorento EX FWD, 36/15, for 08087. Thank you!!!!
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    MichaellMichaell Moderator Posts: 245,017
    Thedude65 said:

    But ....in the meantime, can I please have 2021 Sorento EX FWD, 36/15, for 08087. Thank you!!!!

    .00110 and 61%
    $300 lease cash

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