Is this a good deal for Kia Sportage S?

Comments

• kyfdx Moderator Posts: 271,374

  October 2019

  MisterGM said:

  Kia Sportage S-trim + Sunroof package
  FWD
  36 months
  12k miles
  MSRP: 28700
  Selling price $26500,
  Drive-off $0
  Monthly: $347 including tax (tax is 9.5%)
  
  ZIP: 90292 (Los Angeles)
  
  Thank you!
  

  .00195 MF and 64% residual
  $3500 lease cash
  
  Not even first payment Due at Signing?
  Given the lease cash, that payment seems way to high
  
  Adding in $1750 for first payment, acq.fee, DMV, doc, and tax on the rebate, then subtracting the $3500 for an adjusted CAP of $24750, I get $286/mo, with tax.
  
  I wonder if $26500 is the adjusted CAP, instead of the selling price?
  That would make your actual dealer discount about $500, in addition to the rebate.
  

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• MisterGM Member Posts: 2

  October 2019

  I've got slightly different RV from another dealer: 60%
  
  If $26500 is actually an adjusted CAP, does it mean it is a better deal?
  
  Thank you

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• kyfdx Moderator Posts: 271,374

  October 2019

  MisterGM said:

  I've got slightly different RV from another dealer: 60%
  
  If $26500 is actually an adjusted CAP, does it mean it is a better deal?
  
  Thank you

  No, it means it is worse.
  
  Dealers can't change residuals
  If the residual is different, then it's a different trim, term, mileage, year, or some combination.

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