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Kia K5 EX Lease help

juliagulia86juliagulia86 Member Posts: 12
edited March 2021 in Kia
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)
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Comments

  • MichaellMichaell Moderator Posts: 267,363
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • juliagulia86juliagulia86 Member Posts: 12
    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.
  • MichaellMichaell Moderator Posts: 267,363
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • juliagulia86juliagulia86 Member Posts: 12
    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?


  • MichaellMichaell Moderator Posts: 267,363
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • juliagulia86juliagulia86 Member Posts: 12
    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.
  • RenwickRenwick Administrator Posts: 7
    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?
  • MichaellMichaell Moderator Posts: 267,363
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

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