Kia K5 EX Lease help

juliagulia86

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

Michaell

juliagulia86 said:

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

.00101 and 61%
$1620 lease cash

What is the itemization of the $3000 up front?

I get $304/mo, plus tax, with those prices, so some of that $3K is going to cap reduction.

juliagulia86

Michaell said:

juliagulia86 said:

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

.00101 and 61%
$1620 lease cash

What is the itemization of the $3000 up front?

I get $304/mo, plus tax, with those prices, so some of that $3K is going to cap reduction.

$1650.57 fees and $1261 down payment with $88 tax. Cap cost is $28,025.

Michaell

juliagulia86 said:

Michaell said:

juliagulia86 said:

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

.00101 and 61%
$1620 lease cash

What is the itemization of the $3000 up front?

I get $304/mo, plus tax, with those prices, so some of that $3K is going to cap reduction.

$1650.57 fees and $1261 down payment with $88 tax. Cap cost is $28,025.

I don't see the acquisition fee listed on that sheet (it's also $595).

With a cap cost about $1K less than the selling price, the pre-tax payment is about right.

Have them write up a quote with only the first payment and DMV costs paid up front - no cap reduction, and all non-gov't fees are rolled into the lease payment.

juliagulia86

Michaell said:

juliagulia86 said:

Michaell said:

juliagulia86 said:

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

.00101 and 61%
$1620 lease cash

What is the itemization of the $3000 up front?

I get $304/mo, plus tax, with those prices, so some of that $3K is going to cap reduction.

$1650.57 fees and $1261 down payment with $88 tax. Cap cost is $28,025.

I don't see the acquisition fee listed on that sheet (it's also $595).

With a cap cost about $1K less than the selling price, the pre-tax payment is about right.

Have them write up a quote with only the first payment and DMV costs paid up front - no cap reduction, and all non-gov't fees are rolled into the lease payment.

Thank you! This is the whole of what they gave me. Do you still think I should ask for the other quote?

Michaell

juliagulia86 said:

Michaell said:

juliagulia86 said:

Michaell said:

juliagulia86 said:

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

.00101 and 61%
$1620 lease cash

What is the itemization of the $3000 up front?

I get $304/mo, plus tax, with those prices, so some of that $3K is going to cap reduction.

$1650.57 fees and $1261 down payment with $88 tax. Cap cost is $28,025.

I don't see the acquisition fee listed on that sheet (it's also $595).

With a cap cost about $1K less than the selling price, the pre-tax payment is about right.

Have them write up a quote with only the first payment and DMV costs paid up front - no cap reduction, and all non-gov't fees are rolled into the lease payment.

Thank you! This is the whole of what they gave me. Do you still think I should ask for the other quote?

That works.

I agree with the dealer numbers on this quote.

I still believe that you should go into this lease with only the first payment and DMV costs out of pocket at lease signing, and take the higher payment in return.

juliagulia86

Michaell said:

juliagulia86 said:

Michaell said:

juliagulia86 said:

Michaell said:

juliagulia86 said:

I’d like to know what you think- I have an offer for a 2021 Kia K5 EX FWD 36/12
MSRP 32,685
Selling Price 29,098
$3K due at start $273/mo
$292/mo including tax
Florida (33176)

.00101 and 61%
$1620 lease cash

What is the itemization of the $3000 up front?

I get $304/mo, plus tax, with those prices, so some of that $3K is going to cap reduction.

$1650.57 fees and $1261 down payment with $88 tax. Cap cost is $28,025.

I don't see the acquisition fee listed on that sheet (it's also $595).

With a cap cost about $1K less than the selling price, the pre-tax payment is about right.

Have them write up a quote with only the first payment and DMV costs paid up front - no cap reduction, and all non-gov't fees are rolled into the lease payment.

Thank you! This is the whole of what they gave me. Do you still think I should ask for the other quote?

That works.

I agree with the dealer numbers on this quote.

I still believe that you should go into this lease with only the first payment and DMV costs out of pocket at lease signing, and take the higher payment in return.

Ok. Thanks so much for your help and quick replies! Truly appreciate it.

Renwick

The dealer offered me a lease of closer to $400.

Edmunds calculator shows $343.
https://edmu.io/4jv0

Where do I get something like that?

Michaell

Renwick said:

The dealer offered me a lease of closer to $400.

Edmunds calculator shows $343.
https://edmu.io/4jv0

Where do I get something like that?

Do you have a copy of the dealer lease worksheet?

Would help us comparing the numbers - either the MF or the adjusted cap cost are off, somewhere.