2021 Kia Soul Lease Deals and Prices

kyfdx · July 2020

Ask your 2021 Soul lease questions here! Get info about prices, money factor, deals, incentives, and payments.

xracerfl · July 2020

The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.

kyfdx · July 2020

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.

Those numbers are correct.

The June programs have been extended through 07/06.

xracerfl · July 2020

kyfdx said:

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.
Those numbers are correct.

The June programs have been extended through 07/06.

Still working on this and two other Kia’s (Forte & Seltos) for us & a family member. The dealer was trying to mark up the MF & would not budge from sticker. Found another dealer and vehicle...May I please get updated numbers for the latest July program for:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

Thank you for your continued assistance.

kyfdx · July 2020

xracerfl said:

kyfdx said:

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.
Those numbers are correct.

The June programs have been extended through 07/06.
Still working on this and two other Kia’s (Forte & Seltos) for us & a family member. The dealer was trying to mark up the MF & would not budge from sticker. Found another dealer and vehicle...May I please get updated numbers for the latest July program for:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

Thank you for your continued assistance.

.00176 MF and 64% residual
$1910 lease cash

xracerfl · July 2020

kyfdx said:

xracerfl said:

kyfdx said:

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.
Those numbers are correct.

The June programs have been extended through 07/06.
Still working on this and two other Kia’s (Forte & Seltos) for us & a family member. The dealer was trying to mark up the MF & would not budge from sticker. Found another dealer and vehicle...May I please get updated numbers for the latest July program for:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

Thank you for your continued assistance.
.00176 MF and 64% residual
$1910 lease cash

Are these numbers good through 7/31 or 8/3/2020? I have a potential deal that can be completed by 8/3 but, I won’t make 7/31. Not knowing what August numbers are going to do yet, I am trying to put this together. Dealer is checking also but, I suspect they are going to tell me 7/31 to make end of the month. Thanks in advance for any help/info you can provide.

Michaell · July 2020

xracerfl said:

kyfdx said:

xracerfl said:

kyfdx said:

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.
Those numbers are correct.

The June programs have been extended through 07/06.
Still working on this and two other Kia’s (Forte & Seltos) for us & a family member. The dealer was trying to mark up the MF & would not budge from sticker. Found another dealer and vehicle...May I please get updated numbers for the latest July program for:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

Thank you for your continued assistance.
.00176 MF and 64% residual
$1910 lease cash
Are these numbers good through 7/31 or 8/3/2020? I have a potential deal that can be completed by 8/3 but, I won’t make 7/31. Not knowing what August numbers are going to do yet, I am trying to put this together. Dealer is checking also but, I suspect they are going to tell me 7/31 to make end of the month. Thanks in advance for any help/info you can provide.

Kia programs are valid through 8/3, so you can breathe easy.

xracerfl · August 2020

Michaell said:

xracerfl said:

kyfdx said:

xracerfl said:

kyfdx said:

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.
Those numbers are correct.

The June programs have been extended through 07/06.
Still working on this and two other Kia’s (Forte & Seltos) for us & a family member. The dealer was trying to mark up the MF & would not budge from sticker. Found another dealer and vehicle...May I please get updated numbers for the latest July program for:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

Thank you for your continued assistance.
.00176 MF and 64% residual
$1910 lease cash
Are these numbers good through 7/31 or 8/3/2020? I have a potential deal that can be completed by 8/3 but, I won’t make 7/31. Not knowing what August numbers are going to do yet, I am trying to put this together. Dealer is checking also but, I suspect they are going to tell me 7/31 to make end of the month. Thanks in advance for any help/info you can provide.
Kia programs are valid through 8/3, so you can breathe easy.

Just wanted to say thank you and ask how I did?

I ended up juggling some things & accommodating the dealer and picking the car up on Friday, 7/31. As an incentive, they paid the 1st payment of $434.29 effectively turning this into $0 DAS, sign & drive 24/12 lease with me only paying 23 of the 24 payments.

2021 Kia Soul Turbo (Snow White Pearl) included: Pinstripe, hood deflector, sport pedals, carpeted mats.

MF, Residual & Lease Cash as shown above: 24/12 for $434.29 a month, $0 DAS all fees, including acquisition fee, taxes rolled in & added to the lease.

MSRP: $29,150
Base Cap Cost: $27,175
Costs Added to Lease: $1,269
Cap Cost Reductions: $1,910
Adjusted Cap Cost: $26,534
Residual Value: $18,656
MF: .00176
Term: 24 Months
Sales Tax: 6.5%

Monthly Payment: $407.78 + $26.51 tax

Michaell · August 2020

xracerfl said:

Michaell said:

xracerfl said:

kyfdx said:

xracerfl said:

kyfdx said:

xracerfl said:
The dealer has a 2021 Kia Soul Turbo and as usual with change of model year they seem to have conflicting info. I know it is a new month and you may not have the latest info yet.

Please confirm/update:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

.00207 MF and 64% residual $2210 lease cash.

As usual, thank you very much.
Those numbers are correct.

The June programs have been extended through 07/06.
Still working on this and two other Kia’s (Forte & Seltos) for us & a family member. The dealer was trying to mark up the MF & would not budge from sticker. Found another dealer and vehicle...May I please get updated numbers for the latest July program for:

2021 Kia Soul Turbo / 24/12 / Zip: 32827

Thank you for your continued assistance.
.00176 MF and 64% residual
$1910 lease cash
Are these numbers good through 7/31 or 8/3/2020? I have a potential deal that can be completed by 8/3 but, I won’t make 7/31. Not knowing what August numbers are going to do yet, I am trying to put this together. Dealer is checking also but, I suspect they are going to tell me 7/31 to make end of the month. Thanks in advance for any help/info you can provide.
Kia programs are valid through 8/3, so you can breathe easy.
Just wanted to say thank you and ask how I did?

I ended up juggling some things & accommodating the dealer and picking the car up on Friday, 7/31. As an incentive, they paid the 1st payment of $434.29 effectively turning this into $0 DAS, sign & drive 24/12 lease with me only paying 23 of the 24 payments.

2021 Kia Soul Turbo (Snow White Pearl) included: Pinstripe, hood deflector, sport pedals, carpeted mats.

MF, Residual & Lease Cash as shown above: 24/12 for $434.29 a month, $0 DAS all fees, including acquisition fee, taxes rolled in & added to the lease.

MSRP: $29,150
Base Cap Cost: $27,175
Costs Added to Lease: $1,269
Cap Cost Reductions: $1,910
Adjusted Cap Cost: $26,534
Residual Value: $18,656
MF: .00176
Term: 24 Months
Sales Tax: 6.5%

Monthly Payment: $407.78 + $26.51 tax

Congrats!

Thanks for the report.

xracerfl · August 2020

Thanks Michaell! I don’t even want to know if the August programs are better or worse, lol...the wife is happy.

Now on to comparing the K5 & Sonata program/numbers for other family members who want me to help them now that they saw what I did with this Soul & the 2020 Forte GT I did the week before (with Edmunds help, of course). Stay Safe!

jelly25 · August 2020

I wanted to share my lease for houston. I recently bought a 2021 kia soul EX snow white pearl with a sunroof.
MSRP: $24,920
RV: 61% (15,201)
MF: 0.00166
Cap Cost Reduction: $300
Adjusted Cap Cost: $24051
Sales Tax: 6.25
36 month, 10k/year, no down payment
Monthly payment: $311/month

hope this helps.

Michaell · August 2020

jelly25 said:
I wanted to share my lease for houston. I recently bought a 2021 kia soul EX snow white pearl with a sunroof.
MSRP: $24,920
RV: 61% (15,201)
MF: 0.00166
Cap Cost Reduction: $300
Adjusted Cap Cost: $24051
Sales Tax: 6.25
36 month, 10k/year, no down payment
Monthly payment: $311/month

hope this helps.

Congrats!

Thanks for the report.

Yoda420 · August 2020

Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!

Michaell · August 2020

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!

Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.

Yoda420 · August 2020

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.

How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬

Michaell · August 2020

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬

Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.

Yoda420 · August 2020

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.

I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?

Or what do I have to do to lease a 28k vehicle and get my monthlys to be $220/month or less?

Michaell · August 2020

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?

How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Yoda420 · August 2020

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?
How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Miles per year: 10k or less
Selling price: 27k
Fees: assume $1,700
Sales tax rate in PA is 6% so 3% more is 9%

Michaell · August 2020

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?
How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Miles per year: 10k or less
Selling price: 27k
Fees: assume $1,700
Sales tax rate in PA is 6% so 3% more is 9%

24 months, 12,000 miles per year.
.00176 and 64%
$1910 incentives, which is applied like a down payment, in addition to the $6000

$28,000 MSRP
$27,000 selling price + $1700 fees = $28,700 cap cost
$7910 up front cash

Roughly $205/mo, tax included.

But, if you amortize the $6000 of cash up front over the 24 months, that alone is $250/mo, so your "true" payment is over $450/mo, which is an awful lot for a $28K compact car.

You can probably get a Civic or Elantra for roughly the same monthly payment, but with a whole lot less than $6K from your wallet.

Yoda420 · August 2020

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?
How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Miles per year: 10k or less
Selling price: 27k
Fees: assume $1,700
Sales tax rate in PA is 6% so 3% more is 9%
24 months, 12,000 miles per year.
.00176 and 64%
$1910 incentives, which is applied like a down payment, in addition to the $6000

$28,000 MSRP
$27,000 selling price + $1700 fees = $28,700 cap cost
$7910 up front cash

Roughly $205/mo, tax included.

But, if you amortize the $6000 of cash up front over the 24 months, that alone is $250/mo, so your "true" payment is over $450/mo, which is an awful lot for a $28K compact car.

You can probably get a Civic or Elantra for roughly the same monthly payment, but with a whole lot less than $6K from your wallet.

Thank you for number crunching for me. I am set on the Kias. I would never drive a Civic or Elantra. 😅 I want some power, safety features, exterior styling that I like & don't care much about cargo space.

So you're suggesting I only put maybe 4k down and take a higher monthly payment instead of $7,910 down? At the end of the lease my understanding is that you get two options...1 is to buy the car for a slightly lower price than it will be worth OR let them give you a good deal on a new lease to basically keep you as a customer, right?

Michaell · August 2020

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?
How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Miles per year: 10k or less
Selling price: 27k
Fees: assume $1,700
Sales tax rate in PA is 6% so 3% more is 9%
24 months, 12,000 miles per year.
.00176 and 64%
$1910 incentives, which is applied like a down payment, in addition to the $6000

$28,000 MSRP
$27,000 selling price + $1700 fees = $28,700 cap cost
$7910 up front cash

Roughly $205/mo, tax included.

But, if you amortize the $6000 of cash up front over the 24 months, that alone is $250/mo, so your "true" payment is over $450/mo, which is an awful lot for a $28K compact car.

You can probably get a Civic or Elantra for roughly the same monthly payment, but with a whole lot less than $6K from your wallet.
Thank you for number crunching for me. I am set on the Kias. I would never drive a Civic or Elantra. 😅 I want some power, safety features, exterior styling that I like & don't care much about cargo space.

So you're suggesting I only put maybe 4k down and take a higher monthly payment instead of $7,910 down? At the end of the lease my understanding is that you get two options...1 is to buy the car for a slightly lower price than it will be worth OR let them give you a good deal on a new lease to basically keep you as a customer, right?

My recommendation? $0 out of your pocket and take the $450/mo payment.

The residual value is the same, no matter how much money you put up front. And, that is the only price you will be able to buy it for. There are no negotiations of the residual value, any more.

Many brands do offer loyalty incentives to keep you a customer, but what's the fun in driving the same make all the time?

My last two leases were a Hyundai and a VW. Both were around $220-230/mo with only the first payment due at signing. Both were decently equipped (no safety nannies), and I found the VW (Jetta) to be way more fun here in CO with the turbo engine.

At the end of the Jetta lease, I turned the car in, paid the disposition fee ($350 plus tax) and now my wife and I share our Subaru Outback.

Yoda420 · August 2020

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?
How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Miles per year: 10k or less
Selling price: 27k
Fees: assume $1,700
Sales tax rate in PA is 6% so 3% more is 9%
24 months, 12,000 miles per year.
.00176 and 64%
$1910 incentives, which is applied like a down payment, in addition to the $6000

$28,000 MSRP
$27,000 selling price + $1700 fees = $28,700 cap cost
$7910 up front cash

Roughly $205/mo, tax included.

But, if you amortize the $6000 of cash up front over the 24 months, that alone is $250/mo, so your "true" payment is over $450/mo, which is an awful lot for a $28K compact car.

You can probably get a Civic or Elantra for roughly the same monthly payment, but with a whole lot less than $6K from your wallet.
Thank you for number crunching for me. I am set on the Kias. I would never drive a Civic or Elantra. 😅 I want some power, safety features, exterior styling that I like & don't care much about cargo space.

So you're suggesting I only put maybe 4k down and take a higher monthly payment instead of $7,910 down? At the end of the lease my understanding is that you get two options...1 is to buy the car for a slightly lower price than it will be worth OR let them give you a good deal on a new lease to basically keep you as a customer, right?
My recommendation? $0 out of your pocket and take the $450/mo payment.

The residual value is the same, no matter how much money you put up front. And, that is the only price you will be able to buy it for. There are no negotiations of the residual value, any more.

Many brands do offer loyalty incentives to keep you a customer, but what's the fun in driving the same make all the time?

My last two leases were a Hyundai and a VW. Both were around $220-230/mo with only the first payment due at signing. Both were decently equipped (no safety nannies), and I found the VW (Jetta) to be way more fun here in CO with the turbo engine.

At the end of the Jetta lease, I turned the car in, paid the disposition fee ($350 plus tax) and now my wife and I share our Subaru Outback.

Thank you very much for your help! You really opened my eyes to the pros & cons of down payments VS no down payments. I might go with the 2021 Seltos SX Turbo now because it has AWD which is somewhat desired here in PA. If I put 0 down I can use my 6k to cover a good chunck of the lease payments. By the time the 6k is spent I will have saved more to cover the rest of the payments so it seems like a good decision. Sorry I suck at math! 😅 Thank you again and enjoy that CO green "medicine"! 😉😅✌

Michaell · August 2020

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:

Michaell said:

Yoda420 said:
Hello! I am hoping someone can help me. I have never leased before but I plan on doing so by the end of the year. I don't really know what MF and cap cost means so if someone can explain in simple terms I'd appreciate it.

Here's what I'm looking to do... Lease a 2021 Kia Soul Turbo or 2021 Kia Seltos SX Turbo. They're both right around the same price of 27 - 30k. I'm looking to lease for either 2 or 3 years and put $5,000 - $6,000 cash down payment. My goal is for my monthly lease payments to be $220/month OR LESS preferably. My zip code is 19560 in south east Pennsylvania. Do I negotiate price with the dealer? Do I look for offers from Kia? What can I expect to pay per month on my lease? What can I do to help achieve my monthly payment goal? Any help is greatly appreciated!
Look here for some basic information on how leases work:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html

Next, we recommend you don't put any money down on a lease - you will lose it if the car is stolen or totaled during the lease term. You aren't changing the cost of the lease, either.

Would you pre-pay rent on an apartment? Same thing.
How does putting no money down not change the lease payment??? That makes no sense. My wife just leased a brand new vehicle a month ago. She offered to just use her trade in value of 4k plus 1k down but her monthly would have been around $300 or $400 something/month. She put 4k more down (so 9k total down) and it made her monthly payments only $196/month. So I think you're confused?

Even if you purchased a car and it got stolen, you would be losing money so I'm not sure what your point was there...??

Is there anyone else who can help me? 😬
Let's try this again.

If the lease payment with $0 up front is $400/mo, and you use cash or trade equity of $3600, your payment will drop to $300/mo. That part is true.

But, the total cost of the lease is still the same:

$400 * 36 months = $14,400
$300 * 36 months plus the $3600 you paid upfront = $14,400

If the car is stolen or totaled, your insurance will only cover the unpaid balance of the lease.

Using the price examples from above, and the car is totaled at 18 months.

$400 * 18 months = $7200 out of pocket
$300 * 18 months plus the $3600 you paid upfront = $9000 out of pocket

You lose the other $1800 you paid up front, as the insurance company will only satisfy the remaining payments.

I've been leasing cars for 20+ years, and have been helping folks on these boards for 7, so I'd like to think I know what I'm talking about.

Heck, I can lease a Ferrari for $300/mo, if I put $100,000 up front (obvious hyperbole).

Many folks focus solely on the monthly payment when they lease. They don't realize the total costs of what goes into a lease, and how to maximize the value for them.
I really appreciate the explanation as it makes things more clear. However, I'm not great with math. It was my worst subject in school. 😅 Could you help me do the numbers? Assume MSRP of 28k on a 24 month lease with a 4.8 interest rate and $6,000 cash down. What would my monthly be?
How many miles per year?
What is the selling price?
What are the fees?
There is a 3% lease tax surcharge in PA - take your base tax rate and add 3% to it

The more information you have from the dealer, the better equipped you are to understand the math behind a lease payment.

Here is a good article for you to reference:
https://www.edmunds.com/car-leasing/calculate-your-own-lease-payment.html
Miles per year: 10k or less
Selling price: 27k
Fees: assume $1,700
Sales tax rate in PA is 6% so 3% more is 9%
24 months, 12,000 miles per year.
.00176 and 64%
$1910 incentives, which is applied like a down payment, in addition to the $6000

$28,000 MSRP
$27,000 selling price + $1700 fees = $28,700 cap cost
$7910 up front cash

Roughly $205/mo, tax included.

But, if you amortize the $6000 of cash up front over the 24 months, that alone is $250/mo, so your "true" payment is over $450/mo, which is an awful lot for a $28K compact car.

You can probably get a Civic or Elantra for roughly the same monthly payment, but with a whole lot less than $6K from your wallet.
Thank you for number crunching for me. I am set on the Kias. I would never drive a Civic or Elantra. 😅 I want some power, safety features, exterior styling that I like & don't care much about cargo space.

So you're suggesting I only put maybe 4k down and take a higher monthly payment instead of $7,910 down? At the end of the lease my understanding is that you get two options...1 is to buy the car for a slightly lower price than it will be worth OR let them give you a good deal on a new lease to basically keep you as a customer, right?
My recommendation? $0 out of your pocket and take the $450/mo payment.

The residual value is the same, no matter how much money you put up front. And, that is the only price you will be able to buy it for. There are no negotiations of the residual value, any more.

Many brands do offer loyalty incentives to keep you a customer, but what's the fun in driving the same make all the time?

My last two leases were a Hyundai and a VW. Both were around $220-230/mo with only the first payment due at signing. Both were decently equipped (no safety nannies), and I found the VW (Jetta) to be way more fun here in CO with the turbo engine.

At the end of the Jetta lease, I turned the car in, paid the disposition fee ($350 plus tax) and now my wife and I share our Subaru Outback.
Thank you very much for your help! You really opened my eyes to the pros & cons of down payments VS no down payments. I might go with the 2021 Seltos SX Turbo now because it has AWD which is somewhat desired here in PA. If I put 0 down I can use my 6k to cover a good chunck of the lease payments. By the time the 6k is spent I will have saved more to cover the rest of the payments so it seems like a good decision. Sorry I suck at math! 😅 Thank you again and enjoy that CO green "medicine"! 😉😅✌

In the end, it's your decision - we're here to provide information and advice so folks can make the best decision for them.

My daughter-in-law worked as a "budtender" for a while, but I've never sampled it.

Srowens · September 2020

Mf, Rv and incentives on ex model 33948
24/15
36/15

kyfdx · September 2020

Srowens said:
Mf, Rv and incentives on ex model 33948
24/15
36/15

.00133 MF and 65% residual. $810 lease cash
.00117 MF and 57% residual. $330 lease cash

merlion0821 · September 2020

Can I please get the MF, residual, and incentives for a 2021 Kia Soul X Line in zip 44060 with a 12k/36m lease term? Thanks.

Michaell · September 2020

merlion0821 said:
Can I please get the MF, residual, and incentives for a 2021 Kia Soul X Line in zip 44060 with a 12k/36m lease term? Thanks.

.00129 and 60%
$330 lease cash

conorr · October 2020

Hi, I was looking for MF, RV, Selling price (excluding lease cash), lease cash in zip 22003 for 10k/24m lease. I was looking for Soul S and LX.

Michaell · October 2020

conorr said:
Hi, I was looking for MF, RV, Selling price (excluding lease cash), lease cash in zip 22003 for 10k/24m lease. I was looking for Soul S and LX.

24/12 (no 24/10 from Kia)

LX - .00133 and 65%; $1600 lease cash
S - .00139 and 67%; $1400 lease cash

Pricing help can be found here:
https://www.edmunds.com/new-cars/

conorr · October 2020

Thanks! Is lease cash the same as the $1,500 Kia Soul Customer Cash I see around right now? Or is in addition to that?

Michaell · October 2020

conorr said:
Thanks! Is lease cash the same as the $1,500 Kia Soul Customer Cash I see around right now? Or is in addition to that?

The $1500 is a purchase incentive and not available if you lease.

conorr · October 2020

OK, so what is the lease cash? Is that something from the dealer or from Kia or something else?

conorr · October 2020

One more general lease question. I understand in VA, sales tax is on the capitalized cost (not the lease payments). Given COVID I am between NY, VA, and SC. How can I understand the sales tax treatment by state and is it possible for me to choose which state based on best tax treatment even though dealer is in VA?

kyfdx · October 2020

conorr said:
OK, so what is the lease cash? Is that something from the dealer or from Kia or something else?

Kia to consumer incentive, applied as a CAP cost reduction

kyfdx · October 2020

conorr said:
One more general lease question. I understand in VA, sales tax is on the capitalized cost (not the lease payments). Given COVID I am between NY, VA, and SC. How can I understand the sales tax treatment by state and is it possible for me to choose which state based on best tax treatment even though dealer is in VA?

You pay sales tax for the state you register the vehicle.

jr8380 · October 2020

Hi I'm looking for a 2021 Kia Soul S or EX.
I was looking for the MF, RV, Selling price, lease cash in zipcode 11413 for 10k/24m lease. Thank you

kyfdx · October 2020

jr8380 said:
Hi I'm looking for a 2021 Kia Soul S or EX.
I was looking for the MF, RV, Selling price, lease cash in zipcode 11413 for 10k/24m lease. Thank you

24/12

EX: .00128 MF and 67% residual. $1600 lease cash

S: .00137 MF and 67% residual. $1900 lease cash

jr8380 · October 2020

kyfdx said:

jr8380 said:
Hi I'm looking for a 2021 Kia Soul S or EX.
I was looking for the MF, RV, Selling price, lease cash in zipcode 11413 for 10k/24m lease. Thank you
24/12

EX: .00128 MF and 67% residual. $1600 lease cash

S: .00137 MF and 67% residual. $1900 lease cash

Would this be the same for zip code 11743

kyfdx · October 2020

jr8380 said:

kyfdx said:

jr8380 said:
Hi I'm looking for a 2021 Kia Soul S or EX.
I was looking for the MF, RV, Selling price, lease cash in zipcode 11413 for 10k/24m lease. Thank you
24/12

EX: .00128 MF and 67% residual. $1600 lease cash

S: .00137 MF and 67% residual. $1900 lease cash
Would this be the same for zip code 11743

Yes

conorr · October 2020

MF, RV, lease cash for 12k LX or S in 29464 Thanks!

Michaell · October 2020

conorr said:
MF, RV, lease cash for 12k LX or S in 29464 Thanks!

36/12
LX - .00123 and 58%; $800 lease cash
S - .00127 and 62%; $500 lease cash

conorr · October 2020

Hi, how should i get an idea of what is reasonable for each of the freight, acquisition, and admin fee? I presume freight = destination; processing = acquisition; appearance = documentation = admin?

Michaell · October 2020

conorr said:
Hi, how should i get an idea of what is reasonable for each of the freight, acquisition, and admin fee? I presume freight = destination; processing = acquisition; appearance = documentation = admin?

Freight is destination - determined by the manufacturer and is printed on the sticker

Acquisition (or bank) fee) is set by the bank - for Kia, the amount is $650

Doc (or dealer) fee is set by the dealer - not sure what this rate is in SC

Milyd · October 2020

Would the MF and residual for zip code 24605 be .00127 and 62%; $500 lease cash as well?

Michaell · October 2020

Milyd said:
Would the MF and residual for zip code 24605 be .00127 and 62%; $500 lease cash as well?

What trim are you asking about?

goosemac · November 2020

Hi,

Can I get the MF and residual, lease cash/incentive for 60076. Thank you

kyfdx · November 2020

goosemac said:
Hi,

Can I get the MF and residual, lease cash/incentive for 60076. Thank you

Which trim?

What term and mileage allowance?

Stubbum · December 2020

Hello,

Do you have the December numbers for the Soul EX in 11372?

Looking for the MF, Residual, and any incentives on a 36/10k and 36/12k lease.

Thank you!

Michaell · December 2020

Stubbum said:
Hello,

Do you have the December numbers for the Soul EX in 11372?

Looking for the MF, Residual, and any incentives on a 36/10k and 36/12k lease.

Thank you!

36/12
.00112 and 61%
$800 lease cash

mahler12x · February 2021

2021 Soul Turbo 24/10 vs 36/10 incentives, MF, residual please. 95762. Thank you

2021 Kia Soul Lease Deals and Prices

Comments

Helpful Tools

Most popular vehicles