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Kia Sedona Prices Paid and Buying Experience

472 messages, Last post on Oct 03, 2008 at 6:32 AM
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Our theme for forget tonight's member-to-member chat is Vans! The chat time is 6-7pm PT/9-10pm ET. Pop in for live chat with other members. Hope you can join us! Here's the link. Steve, Host |
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Don't have DC Metro experience, but remember that there are plenty of dealers out there, and don't let one 'force' you into a vehicle that you don't want. It didn't take much looking for us to find what we wanted (that leather was a deal killer), and as luck would have it, that dealer was willing to work with us. And if the SE Pennsylvania and Delaware dealers weren't going to be helpful, I was more than ready to go into Maryland. So from DC Metro, you have Baltimore area, Annapolis, and Northern VA, should give you a wide range of choices. |
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I'm looking to purchase a 2003 Kia Sedona. I live in NJ. I don't want to spend more than $22K. Am I reasonable? Is it available for less? Also, what are the finance rates available now through Kia (for a 48 month loan with $5000 down)? |
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| The Kia dealer in Utica NY has them for $ 17000 | |
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You should be able to do quite a bit better than $22,000 (before tax). There's a $2,000 rebate on 2003 Sedonas right now. According to the Kia website as of right now, APR is 0% to 36 months, 0.9% to 48, and 1.9% for 60. You can choose rebate or low APR financing, NOT both. Do your own math to figure out exactly which is a greater benefit for you; this depends on the alternate APR you'd get elsewhere and how much you are putting down. Current Kia owners get an extra $1,000 cash back. This has actually caused me to think about buying another Sedona, even though we have absolutely no need for one! My rough guess is a loaded 2003 Sedona EX could be had for less than $20,000 including the $2,000 rebate and extra $1,000 owner loyalty rebate. On 2004 Sedonas, there's a $1,000 rebate or low APR financing as follows: 0% to 24 months, 1.9% to 36, 2.9% to 48, or 3.9% to 60. Incentives end 9/30/03, but like other manufacturers will probably be extended. With decent credit, looks like you could get 48 month financing around 4.25%. Most folks would be better off taking the rebate and arranging their own financing - 4.25% is pretty darn good. That's Peoplefirst.com's (they are now a Capital One company) current advertised rate; it's a quarter-point lower through Costco if you are a member. Edmunds' True Market Value (TMV) calculator pegs target price at about $500 over invoice, not including rebates. On a loaded 2003 EX with all but rear spoiler (I don't like it): $24,845 MSRP $22,625 invoice $23,063 Edmunds TMV I'd shoot for invoice since the 2004 models are hitting dealer lots. $200-400 over invoice shouldn't require much haggling at this point. So after the $2k rebate, you're looking at about $20,600. A loaded Sedona is a tremendous value at that price. Borrowing $17,000 at 4.25% for 48 months, that's $385.74 a month, total interest costs about $1,515. At 1.9%, it's $368.07, total interest costs about $667. So you save about 850 bucks taking Kia's financing, which makes the $2,000 rebate the far better choice for almost all Sedona buyers. I wasn't planning on doing the math for you, but I'm bored. |
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| Thanks Bluedevils! Didnt see you mention destination charge. Should I expect to pay that as well? I am looking at 2003 sedona lx with abs. $19,198 - $2,000rebate =17,198 + $300 ($200-400 over invoice) $17,498.? Or should I be able to do better? | |
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Sounds like some killer deals! Steve, Host |
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I got my new 2003 Sedona EX with ABS, leather and sunroof Saturday from Harry Lane Chrysler-Kia in Knoxville, TN. I paid $20,700 after rebate, plus tax, title and registration, plus I gave them my 1993 Dodge Grand Caravan with 152,000 miles on it. I paid more over invoice than I thought I should, but he just wouldn't come down any more on a Sedona with all the options. Since I could have paid $200 more for a 2002 Sienna with 28K miles on it, I still feel I got a good deal. Some of the sales guys told me, after I bought it, that the Sedona's were killing their sales on Chrysler Voygers. For the price of a Sedona, you can get a Voyger with 6 cylindar engine and A/C and that's about it. I also think supply is getting tight here. This dealer was the only one within 150 miles who had an EX with all the options I wanted. He also owns the only other local Kia dealership, so the market here is sort of captive. All in all, I feel like I did OK, and I was impressed with the way the dealer conducted everything after the price was agreed to. I found a small scratch on the roof that looks like it happened when the rack was put on. They are fixing it with in a week, with no complaints. |
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i saw a lot of Kia vans at Cooper Kia in Utica NY along a state highway. Utica is in the toilet economy wise. |
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we bought the '04 EX, with every available option(leather, sunroof, ABS, tow hitch,spoiler etc) for 23,500 minus $1,000 ('04) rebate. so $22,500 plus TTL. we did 36months financing at 4.14%, which is competitive with all the other loans we shopped on LendingTree. Northern Cal, bay area. not many differences in the 2004's, the MPG is slightly better(did they change something or just do more testing to arrive at a better number?), grey carpet is lighter as is the cladding. also, front grille is different. lastly, there is only half as much rebate available, $1,000. |
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