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Price paid with rebates and TTL was $19,900 It is a White LX 4x4 with floor mats and cargo tray included. No other extras. I thought it was a good deal and the sticker was in the $25,500 range.
This was at Osborn Kia in Lakewood Colorado. The Salesman and service guys were good but everyone else at the dealership was lame.
regards,
kyfdx
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I'm looking at a 2007 Kia Sorento EX 4X4 with Luxury option package. It is a demo with 5200 miles.
They want to sell it for $28k, minus $3k rebate. I thought it was pretty laughable. I think I could probably get a 2008 for this.
On sites like Edmunds I can't get a TMV amount for a new 2007 vehicle. And there aren't any values for Certified Used 2007's.
It seems like there should be a deep discount on a car that's last year's model (especially since the 2009's are about 3-4 months away) and since it was a demo car that has over 5k miles on it, it's just hard to know exactly how deep a discount it should get.
So here's my math, I want to see what people think:
2008 Kia Sorento (NOTE, 2008!)
National Base Price: 24,790
Optional Equipment: 2,760
Destination Charge: 700
Total for 2008 with options: 28250
Subtract depreciation (10%, pulled out of the air): 2,800
Subtract mileage ($0.15/mi): 750
Subtract Cash back from Mfr: 3,000
Total adjusted total for 2007 model: 21,700
Thanks for any feedback.
Sticker: $31355
Rebate to Dealer: - 4500
Net 26855
Price paid w/o TTL 20800
Net discount $6055
Basically I got 22.5% off the sticker price after adjusting for the rebate. Using the same math, a similar deal would put your 2007 at $19557. Be sure to check the internet for the official KIA rebate, it may be higher for the year old model.
It all depends how bad they want to get rid of it and how bad you want it.
MSRP: $21,870
No additional options:
$15,998 + TTL
Is this good?
If the doc prep/dealer profit fee isn't too bad, thats about as good as it gets.
I mean, at least I called all over the place, and most dealers insisted that they were going to include various fee's and options that I didn't want. I only found a few that would really sell the car at this price. Even carsdirect.com came back at $16400 in my area, allthough they are doing the deal at $15990 in the Los Angeles area.
Its definately a standard low end price, but...I searched for three weeks and didn't find anyone to beat it, and I contacted about a dozen dealerships.
Check out their online inventory of Sorentos!
http://www.communitykia.com/inventory/search.php/ID_communitykia/TYPE_new/PAGE_1- /SORTBY_price/MODEL_sorento/
http://coralspringskia.autofusion.com/inventory/search.php/ID_coralspringskia/TY- PE_new/PAGE_1/SORTBY_price/MODEL_sorento/
Now I feel dumb for paying so much...but it's not like I'm going to go out to Florida just to get the vehicle! (I live near LA)...
We are looking at the new 2011 Sorento but I havent been able to find any information on possible lease specials or purchase incentives. The dealer over the phone said he thought there was a $1,000 rebate. Maybe the car is too new as they just got them in this week - but any info you might have would be greatly appreciated. I hate to go to the dealership not having any info to compare to.
Thanks!
I'm planning on waiting another week before going to online seller websites to get prices for comparison. As far as inventory, my local dealer (in northeast Texas), a relatively small dealer, got one truck load in last Saturday and just got another in today. None of the larger dealership websites for Dallas dealerships have any 2011s listed in their new car inventory yet on their websites.
I'm curious as to how dealers will deal on these, what with Kia giving rebates on brand new model (which dealer I purchase through will not know about until price is reached). That is, is Kia pushing dealers to sell to get car on the road to be seen by also offering dealer rebates or better selection on future inventory--incentives we will not know about? Wish I knew answer to that one.
On the lot this week, they had more of the EX, 2WD, 6cyl vehicles than the 4cylinders for what it's worth. With a new model, they bought a lot of 4cyls in the first "allotment", but apparently the 6 cylinders sold faster. Cherry red and the tan colors seem to be selling fastest.
Drove both the 4cyl and the 6cyl. The 4 is just fine for around town, but the 6cyl is "buttery" smooth and just plain fast.
Im looking for a 10k / 36 mth, 0 down for a I4 Ex or V6 Ex, interested to see if anyone else got a good deal?
First down $350 a month the average seems to be in the $360 neighborhood
Watch out for the lease turn in charge ($400)on the paper work. Had the dealer write me a reimbursement voucher for that one. Been leasing cars for awhile and never had to pay to return- does not seem right.
MSRP $29795
$1650...Freight
$399.....PDI
$399.....Administration charge
$299.... Security...glass etching, you know what they can do with that
$100.... Air tax
$000 ....Gas tax
$100.....Full tank of gas and license
Total ...$32,742
Plus taxes of 13% for a grand total of
$36,998
No incentives, cash back etc., financing 3.9% for 60 months, or 4.9% for 72 months
This is all before haggling
Looks like Kia and the dealer don't want to sell these cars. $37,000 for a Kia that has questionable reliability :lemon: and low resale value, Can't look to see how much a AWD V6 would be. ...Welcome to Canada... :surprise:
Include Trade-in? How much invoice price?
The dealer is in North Central Texas
eagle2@grandecom.net
Looks like it's good car, no problems with it.
but KIA's resell value is terrible.
Such a car will be $22-23 after one year of driving
Last week this top version V6 all wheel drive brand new 2011 was on eBay.
The sticker was $35,390, the price at the end of the auction was $25,100.
Another one -- the sticker -- $22,725, price at the end --$17,100.
This time reserve not met,
but Voice of People-- Voice of God.
I am personaly not going to pay more -- will be waiting for usual for KIA 6-7 grand rebates.
$30,250 after 1000 Cash back + $1000 competitive bonus (have a Mazda CX-7 as my other car).
Can you provide the money factor and residual for a AWD EX V6, 36 months, 15K miles a year? Thanks.
Trade = $2500 (01 Hyundai Santa Fe 104k miles fading paint, minor rust on tailgate numerous dings, U-Haul hitch)
Taxes = $2214.71
Dealer doc - $498
Reg,TireTax, License Fee, Title = $485.75
add $1,570 for gap @ 72 mths and extended warranty @84mths/100k
$30,056 includes trade, tax, license, $1000 loyalty rebate, $1000 Costco rebate.