2023 Kia Sorento Lease Deals and Purchase Prices

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  • snhugolf18snhugolf18 Member Posts: 15
    edited January 2024

    I’m in talks with 2 dealers on a 2023 Sorento X-Line SX Prestige. MSRP on both vehicles is $45,885. I’m looking to put $3,000 down on a 24/12 lease and my best offer so far is $493 per month. Based on the current lease cash, MF and Residual %, do I have anymore room for negotiation or is this a solid deal?

    Zip:28115

    Thanks!

  • kyfdxkyfdx Moderator Posts: 262,255

    I’m in talks with 2 dealers on a 2023 Sorento X-Line SX Prestige. MSRP on both vehicles is $45,885. I’m looking to put $3,000 down on a 24/12 lease and my best offer so far is $493 per month. Based on the current lease cash, MF and Residual %, do I have anymore room for negotiation or is this a solid deal?

    Zip:28115

    Thanks!

    24/12: .00269 MF and 75% residual. $1750 lease cash
    36/12: .00287 MF and 67% residual. $1900 lease cash

    What is the selling price? Adjusted CAP cost?

    If you have them quote with just first payment Due at Signing, you'll likely find out that the 36 month term is a lower cost.

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  • snhugolf18snhugolf18 Member Posts: 15

    Adjusted cap cost was shared at $40,850 but not sure on the actual sales price.

    Are you saying instead of 3k down just offer first payment sign and drive and payment should be lower on 36/12?

    Thanks for quick response

  • kyfdxkyfdx Moderator Posts: 262,255

    Adjusted cap cost was shared at $40,850 but not sure on the actual sales price.

    Are you saying instead of 3k down just offer first payment sign and drive and payment should be lower on 36/12?

    Thanks for quick response

    It will be lower, relative to the 24 month payment with the same stipulation. Putting larger amounts upfront will skew the payment in favor of the 24 month term, but in total cost per month (upfront money, plus payments, divided by the term), the 24 month is almost always more expensive.

    Maybe not by a lot, on this model and lease terms. $25-$35 per month.

    Is $3000 the full amount Due at Signing? Or is it $3000 + 1st payment + fees, etc.?

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  • snhugolf18snhugolf18 Member Posts: 15

    $3,000 + 1st payment

  • kyfdxkyfdx Moderator Posts: 262,255

    $3,000 + 1st payment

    I get $470/mo for the 24 month term with that MSRP and adjusted CAP you provided. The 36 month payment would be a little higher, though that's skewed by the extra $3000 upfront

    $3000 = $125/mo amortized over 24 months
    $3000 = $83/mo amortized over 36 months

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  • bgleasequestionsbgleasequestions Member Posts: 26
    Hi, would you please provide residual value, money factor, and any incentives for 36/12 in 44120 on the following models?

    EX AWD
    SX AWD
    SX Prestige AWD

    thank you!
  • kyfdxkyfdx Moderator Posts: 262,255

    Hi, would you please provide residual value, money factor, and any incentives for 36/12 in 44120 on the following models?

    EX AWD
    SX AWD
    SX Prestige AWD

    thank you!

    .00286 MF and 64% residual. $2930 lease cash
    .00286 MF and 63% residual. $3480 lease cash. $500 bonus cash
    .00287 MF and 67% residual. $2230 lease cash. $500 bonus cash

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  • Stevep3297Stevep3297 Member Posts: 3
    Hi,

    I'm looking at leasing a 2023 KIA Sorento SX AWD

    Lease Length: 36 Months
    Mileage: 10,000/year
    Zip: 08753

    Could you kindly tell me the Money Factor, Residual Value, and incentives for the following car?

    Thank you in advance!
  • kyfdxkyfdx Moderator Posts: 262,255

    Hi,

    I'm looking at leasing a 2023 KIA Sorento SX AWD

    Lease Length: 36 Months
    Mileage: 10,000/year
    Zip: 08753

    Could you kindly tell me the Money Factor, Residual Value, and incentives for the following car?

    Thank you in advance!

    .00286 MF and 64% residual
    $3480 lease cash

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  • tjm111tjm111 Member Posts: 60

    Hi - can you provide the MF/RV for the following?

    2023 Sorento SX AWD
    2023 Sorento X Line EX AWD
    36/12k and 36/10k if different

    Any lease cash available?
    02188

    Thank you!

  • MichaellMichaell Moderator Posts: 260,025
    tjm111 said:

    Hi - can you provide the MF/RV for the following?

    2023 Sorento SX AWD

    2023 Sorento X Line EX AWD

    36/12k and 36/10k if different

    Any lease cash available?

    02188

    Thank you!

    36/12
    .00286 and 63%; $3480 lease cash
    .00286 and 64%; $2930 lease cash

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  • tjm111tjm111 Member Posts: 60
    Michaell said:

    tjm111 said:

    Hi - can you provide the MF/RV for the following?

    2023 Sorento SX AWD

    2023 Sorento X Line EX AWD

    36/12k and 36/10k if different

    Any lease cash available?

    02188

    Thank you!

    36/12
    .00286 and 63%; $3480 lease cash
    .00286 and 64%; $2930 lease cash

    Can I also ask for the Sorento SX Prestige? 36/12k - 02188
  • kyfdxkyfdx Moderator Posts: 262,255
    tjm111 said:

    Michaell said:

    tjm111 said:

    Hi - can you provide the MF/RV for the following?

    2023 Sorento SX AWD

    2023 Sorento X Line EX AWD

    36/12k and 36/10k if different

    Any lease cash available?

    02188

    Thank you!

    36/12
    .00286 and 63%; $3480 lease cash
    .00286 and 64%; $2930 lease cash

    Can I also ask for the Sorento SX Prestige? 36/12k - 02188
    .00287 MF and 67% residual
    $2230 lease cash

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  • tjm111tjm111 Member Posts: 60

    Can you provide February MF/RV and incentives for the following? Heading to dealer Thursday afternoon and curious if there are changes. Dealer said offer wouldn’t change but if February has better rates or incentives I’d like to inquire about a better deal.

    SX AWD - 36/12k
    SX Prestige AWD - 36/12k
    SX X Line Prestige AWD - 36/12k
    X Line EX AWD - 36/12k

    02188

    Thank you!

  • MichaellMichaell Moderator Posts: 260,025
    tjm111 said:

    Can you provide February MF/RV and incentives for the following? Heading to dealer Thursday afternoon and curious if there are changes. Dealer said offer wouldn’t change but if February has better rates or incentives I’d like to inquire about a better deal.

    SX AWD - 36/12k

    SX Prestige AWD - 36/12k

    SX X Line Prestige AWD - 36/12k

    X Line EX AWD - 36/12k

    02188

    Thank you!

    The current Kia programs are set to expire on March 4th. There may be changes for February, but we don't yet have them.

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  • tjm111tjm111 Member Posts: 60
    edited February 2024

    @Michaell said:
    The current Kia programs are set to expire on March 4th. There may be changes for February, but we don't yet have them.

    Thank you. Can you provide the SX Prestige AWD MF/RV/incentives for both 36/12 and 24/12 for 02188

  • kyfdxkyfdx Moderator Posts: 262,255
    tjm111 said:

    @Michaell said:

    The current Kia programs are set to expire on March 4th. There may be changes for February, but we don't yet have them.

    Thank you. Can you provide the SX Prestige AWD MF/RV/incentives for both 36/12 and 24/12 for 02188


    .00269 MF and 75% residual. $1970 lease cash
    .00287 MF and 67% residual. $2230 lease cash

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  • tjm111tjm111 Member Posts: 60

    @kyfdx said:
    .00269 MF and 75% residual. $1970 lease cash
    .00287 MF and 67% residual. $2230 lease cash

    The quote I got last night on SX Prestige had a .00285 MF, 64% RV and $3280 lease cash on 36/12 in 02188. Any idea why it would be different than what you listed?

  • kyfdxkyfdx Moderator Posts: 262,255
    tjm111 said:

    @kyfdx said:

    .00269 MF and 75% residual. $1970 lease cash

    .00287 MF and 67% residual. $2230 lease cash

    The quote I got last night on SX Prestige had a .00285 MF, 64% RV and $3280 lease cash on 36/12 in 02188. Any idea why it would be different than what you listed?


    Nope

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  • Brandon12Brandon12 Member Posts: 26
    Hi - could you please let me know the MF, RV, and incentives for zip 94401 for the below?

    - 2023 Hybrid SX Prestige AWD
    - 2023 SX Prestige AWD?

    Thank you!
  • MichaellMichaell Moderator Posts: 260,025
    Brandon12 said:

    Hi - could you please let me know the MF, RV, and incentives for zip 94401 for the below?

    - 2023 Hybrid SX Prestige AWD
    - 2023 SX Prestige AWD?

    Thank you!

    What lease term and how many miles per year?

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  • Brandon12Brandon12 Member Posts: 26

    @Michaell said:
    What lease term and how many miles per year?

    Ugh, apologies. 24/10 and 36/10 please.

  • kyfdxkyfdx Moderator Posts: 262,255
    Brandon12 said:

    Hi - could you please let me know the MF, RV, and incentives for zip 94401 for the below?

    - 2023 Hybrid SX Prestige AWD
    - 2023 SX Prestige AWD?

    Thank you!

    .00270 MF and 72% residual. $1860 lease cash
    .00287 MF and 64% residual. $1730 lease cash

    .00269 MF and 76% residual. $1970 lease cash
    .00287 MF and 68% residual. $2230 lease cash

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  • Brandon12Brandon12 Member Posts: 26
    kyfdx said:

    Brandon12 said:

    Hi - could you please let me know the MF, RV, and incentives for zip 94401 for the below?

    - 2023 Hybrid SX Prestige AWD
    - 2023 SX Prestige AWD?

    Thank you!

    .00270 MF and 72% residual. $1860 lease cash
    .00287 MF and 64% residual. $1730 lease cash

    .00269 MF and 76% residual. $1970 lease cash
    .00287 MF and 68% residual. $2230 lease cash
    Thank you as always! Apologies for my brainlapse!
  • tsnew1tsnew1 Member Posts: 12
    Hello, I'm looking again for the lease details for a X-Line SX Prestige AWD Trim.
    • 10,000 miles
    • 36 month
    • 60564
    Thanks in advance!
  • kyfdxkyfdx Moderator Posts: 262,255
    tsnew1 said:

    Hello, I'm looking again for the lease details for a X-Line SX Prestige AWD Trim.

    • 10,000 miles
    • 36 month
    • 60564
    Thanks in advance!
    .00287 MF and 68% residual
    $2230 lease cash
    $500 bonus cash

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  • lcccarfanlcccarfan Member Posts: 20
    Hi - could you please let me know the MF, RV, and incentives for zip 02921 for the 2023 Sorento X-Line SX-Prestige AWD. Thank you.
  • MichaellMichaell Moderator Posts: 260,025
    lcccarfan said:

    Hi - could you please let me know the MF, RV, and incentives for zip 02921 for the 2023 Sorento X-Line SX-Prestige AWD. Thank you.

    36/15
    .00287 MF and 65% RV
    $2230 lease cash

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  • Caveman35Caveman35 Member Posts: 8

    Mf and rv for 2023 ex xline awd 12k 36 miles 11731 thanks

  • MichaellMichaell Moderator Posts: 260,025
    Caveman35 said:

    Mf and rv for 2023 ex xline awd 12k 36 miles 11731 thanks

    .00286 MF and 64% RV
    $2930 lease cash

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  • LizingLizing Member Posts: 5
    Good morning, can I please have the MF, residual and incentives for 2023 Kia Sorento PHEV SX Prestige for 36/12k and 24/10k? I am in a talk with a dealer who has left a last year's model. ZIP code is 06518 CT. Thank you
  • kyfdxkyfdx Moderator Posts: 262,255
    Lizing said:

    Good morning, can I please have the MF, residual and incentives for 2023 Kia Sorento PHEV SX Prestige for 36/12k and 24/10k? I am in a talk with a dealer who has left a last year's model. ZIP code is 06518 CT. Thank you

    .00231 MF and 72% residual. $2300 lease cash
    .00251 MF and 64% residual. $2000 lease cash

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  • LizingLizing Member Posts: 5
    Lizing said:

    Good morning, can I please have the MF, residual and incentives for 2023 Kia Sorento PHEV SX Prestige for 36/12k and 24/10k? I am in a talk with a dealer who has left a last year's model. ZIP code is 06518 CT. Thank you

    .00231 MF and 72% residual. $2300 lease cash
    .00251 MF and 64% residual. $2000 lease cash

    ----------------------------

    Thank you for your reply but may I ask you to check these numbers again because I think these numbers for the 2024 KIA Sorento PHEV SX Prestige but I am looking for the numbers of the 2023 PHEV Kia Sorento SX Prestige. So can I get a residual value, MF and lease cash numbers for the 2023 KIA Sorento PHEV SX Prestige 36 month/12k miles , zip code is 06518 CT. Thank you so much again
  • kyfdxkyfdx Moderator Posts: 262,255
    Lizing said:

    Lizing said:

    Good morning, can I please have the MF, residual and incentives for 2023 Kia Sorento PHEV SX Prestige for 36/12k and 24/10k? I am in a talk with a dealer who has left a last year's model. ZIP code is 06518 CT. Thank you

    .00231 MF and 72% residual. $2300 lease cash
    .00251 MF and 64% residual. $2000 lease cash

    ----------------------------

    Thank you for your reply but may I ask you to check these numbers again because I think these numbers for the 2024 KIA Sorento PHEV SX Prestige but I am looking for the numbers of the 2023 PHEV Kia Sorento SX Prestige. So can I get a residual value, MF and lease cash numbers for the 2023 KIA Sorento PHEV SX Prestige 36 month/12k miles , zip code is 06518 CT. Thank you so much again

    Sorry about that

    .00232 MF and 74% residual. $4750 lease cash
    .00252 MF and 66% residual. $5450 lease cash

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  • Marko93Marko93 Member Posts: 6

    Hello, can I please have the MF, RV, and incentives for 2023 Sorento S and LX, 36/12, for zip 33484. Thank you.

  • MichaellMichaell Moderator Posts: 260,025
    Marko93 said:

    Hello, can I please have the MF, RV, and incentives for 2023 Sorento S and LX, 36/12, for zip 33484. Thank you.

    FWD or AWD?

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  • Marko93Marko93 Member Posts: 6

    @Michaell said:
    FWD or AWD?

    FWD

  • kyfdxkyfdx Moderator Posts: 262,255
    Marko93 said:

    Hello, can I please have the MF, RV, and incentives for 2023 Sorento S and LX, 36/12, for zip 33484. Thank you.

    Marko93 said:

    @Michaell said:

    FWD or AWD?

    FWD


    LX: .00249 MF and 60% residual. $3470 lease cash
    S: .00249 MF and 62% residual. $2780 lease cash

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  • girldad17girldad17 Member Posts: 8
    Hi. Could you please provide most recent MF, RV and incentives for 2023 Sorento LX AWD and X-Line EX AWD. Both for 12k/36 and zip is 07030. Thank you.
  • MichaellMichaell Moderator Posts: 260,025
    girldad17 said:

    Hi. Could you please provide most recent MF, RV and incentives for 2023 Sorento LX AWD and X-Line EX AWD. Both for 12k/36 and zip is 07030. Thank you.

    LX - .00248 MF and 62% RV; $2820 lease cash
    EX X-Line - .00249 MF and 65% RV; $2030 lease cash

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  • Marko93Marko93 Member Posts: 6

    Hello, can I please have the MF, RV, and incentives for 2023 Sorento SX, 36/12, AWD, for zip 33484. Thank you.

  • kyfdxkyfdx Moderator Posts: 262,255
    Marko93 said:

    Hello, can I please have the MF, RV, and incentives for 2023 Sorento SX, 36/12, AWD, for zip 33484. Thank you.

    .00251 MF and 64% residual
    $2580 lease cash
    $500 bonus cash

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  • ZaxZax Member Posts: 1
    edited April 2024
    Hello, can I please have the MF, RV, and Incentives for 2023 Kia Sorento Plug-in Hybrid SX Prestige?
    36/12
    Zip code: 20151.

    Thanks!
  • HawkeyeCubHawkeyeCub Member Posts: 97
    Could I please get the RV, MF, & any lease incentives for 2024 Kia Sorento X-Line SX AWD for zip code 85255 for 36/10? Thank you.
  • kyfdxkyfdx Moderator Posts: 262,255
    Zax said:

    Hello, can I please have the MF, RV, and Incentives for 2023 Kia Sorento Plug-in Hybrid SX Prestige?
    36/12
    Zip code: 20151.

    Thanks!

    .00252 MF and 66% residual
    $5450 lease cash

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  • kyfdxkyfdx Moderator Posts: 262,255

    Could I please get the RV, MF, & any lease incentives for 2024 Kia Sorento X-Line SX AWD for zip code 85255 for 36/10? Thank you.

    .00259 MF and 69% residual
    No lease incentives

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  • JayjerseyJayjersey Member Posts: 10

    Please. Money factor, residual and any incentives 2023 Kia sorrento Lx awd and ex awd. 36/10.
    Zip 07605.
    TIA

  • kyfdxkyfdx Moderator Posts: 262,255
    Jayjersey said:

    Please. Money factor, residual and any incentives 2023 Kia sorrento Lx awd and ex awd. 36/10.

    Zip 07605.

    TIA

    EX: .00258 MF and 69% residual
    $330 lease cash

    I can't find numbers for the LX in AWD.

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  • ErlexxErlexx Member Posts: 46
    edited April 2024
    Signing my deal on an EV6 tomorrow thanks to the moderators here! Now for the wife's car...

    Could I get the MF, RV, and incentives on a 2023 Kia Sorento Plug-In Hybrid SX Prestige 24/15k and 36/15k

    Zip 25303

    Thank you!
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