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Kia Rondo Prices Paid and Buying Experience

383 messages,  Last post on Oct 08, 2009 at 11:35 AM

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What is this discussion about? Kia Rondo, Car Leasing, Car Buying, Wagon


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#32 of 383
Re: Rondo Leases? [mark19] by isellkias
Jan 23, 2007 (11:32 am)
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Replying to: mark19 (Dec 15, 2006 7:21 pm)

kia is actully going to start lease's on all their cars sometime around spring 2007. they are working out all the details with americredit now if im not mistaken. they do have leases in some districts currently becuase they were piloting the program in some states.
#33 of 383
Re: Just bought one! [cdot] by csandste
Jan 23, 2007 (3:39 pm)
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Replying to: cdot (Dec 31, 2006 12:42 pm)

Kia depreciation: (and I DID buy a new Optima).
 
I remember checking an Enterprise used car lot during the winter that the Mazda 626 was being replaced by the Mazda 6.
 
Enterprise had three almost identical cars, each with about twenty-five thousand miles.
 
1. The Sonata was listed for $12,900
2. The 626 was listed for $11,900
3. The Optima was listed for $10,900
 
Enterprise (far as I know) never dickers on list price. They move cars very fast and at a price that I find almost comical for a rental car-- but if they can get those prices more power to 'em. At least the oil is changed regularly, something you probably can't say for a bunch of lease cars (these were rentals--E. does lease).
 
Anyway two thousand dollars difference after a model year on two cars that were identical except for front and rear clips (and very minor dash trim). Interesting that the Hyundai had clawed ahead of a discontinued Mazda-- shows things are improving, but also shows that Kia's perception has lagged.
 
I notice that Sonatas are now depreciating at about the same rate as American mid-sized cars, so they're definitely getting there. I'm happy that Kia (at least with the Optima) is now differentiating themselves from the Sonata.
 
I've seen some pictures interesting Hyundai test cars that look like they might be Ce'ed based or Rondoish-- kind of hard to tell with all the camo. Hope they don't simply rebrand as they did in the vans. Kia needs to take their line in a more sporty direction as they stated they would do.
 
BTW-- I chose the Optima over a Sonata because of the local dealer and the Optima competitive rebate. I did drive the Rondo and liked it a lot. Would be on my short list if something happened to my Malibu Maxx.
#34 of 383
Re: EX V6 follow up [baltimore_jeff] by bluedevils
Jan 26, 2007 (9:24 am)
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Replying to: baltimore_jeff (Dec 28, 2006 6:26 am)

GREAT review. How refreshing and unusual to see an owner take the time not only to be so detailed, but to show both the positives AND the negatives. Too often, owners ignore the negatives because they are trying to justify their purchase.
 
The Rondo came on our radar screen this week. My wife is driving one today courtesy of a local dealer while they do some scheduled maintenance on our 2002 Sedona. She is loving the vehicle after a short drive and a walk-around. We'll see what happens.
 
The reviews I've seen, all from Canadian press, are extremely positive. Overall, it is hard to ignore the value proposition that this vehicle offers. Great safety equipment and interior room for the price.
#35 of 383
Re: EX V6 follow up [baltimore_jeff] by dakota29803
Jan 27, 2007 (1:31 pm)
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Replying to: baltimore_jeff (Dec 28, 2006 6:26 am)

"Keyless entry but no alarm system."
 
My I-4 EX does have an alarm system. I tested it by lowering the passenger window, locking the doors with the keyless remote and then opening the hood. It takes a while to set the alarm system after locking the doors for it to alarm.
#36 of 383
Re: EX V6 follow up [dakota29803] by baltimore_jeff
Feb 05, 2007 (8:06 am)
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Replying to: dakota29803 (Jan 27, 2007 1:31 pm)

Thanks for the test procedure. I'll have to give it a try when I get home.
 
The issue I have is the first question the insurance company asks me is "Is there an alarm system?" and what type is it. I thought not, but i REALLY have no idea what type it is.
#37 of 383
Re: EX V6 follow up [baltimore_jeff] by dakota29803
Feb 05, 2007 (3:16 pm)
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Replying to: baltimore_jeff (Feb 05, 2007 8:06 am)

On my window sticker, under "INTERIOR", it says "Keyless Entry with Alarm". That is why I ran the test. So, if your window sticker says that, tell your insurance company "Yes."
#38 of 383
$750 rebate AND 2.9% APR? by raderator
Feb 07, 2007 (10:15 am)
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Just saw this on Edmunds. There is a new rebate, $750, but it seems that it MUST be combined with 2.9% financing. Does this make any sense?
 
http://www.edmunds.com/incentives/RebateController?styleid=100834547&popuppage=o- n
 
Kia site:
 
http://www.kia.com/incentives/apr_cashback_map.php
 
I don't need a lone but this could be interesting. I'm already getting over 5% on my money market account. Interest rates are dropping but they shouldn't go anywhere near 2.9%.
 
So basically, I'd be making 2% profit on $20K over 5 years (assuming an average 4.9% money market). That's $2,000 plus the $750 rebate!!!
#39 of 383
Re: $750 rebate AND 2.9% APR? [raderator] by mrswiss
Feb 07, 2007 (3:14 pm)
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Replying to: raderator (Feb 07, 2007 10:15 am)

Hey Raderator; I,m thinking about the purchase of a Rondo soon & I too saw the financing incentives at Kia.com. Your math looks correct if the $750.00 is a rebate along with 2.9% financing this offer looks pretty tempting for a newly released vehicle! Maybe somebody that works with Kia's financing end can clarify this? I also noticed this offer runs until the end of February so who knows what's in store for March or April which was my timeline for purchasing.
#40 of 383
Re: $750 rebate AND 2.9% APR? [mrswiss] by raderator
Feb 07, 2007 (4:46 pm)
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Replying to: mrswiss (Feb 07, 2007 3:14 pm)

I just talked to my salesman and he said that the $500 off he already offered me was not affected by the rebate. The loan can be prepaid (if interest rates collapse). I'd still have to pay income tax on the full 5% my MMA pays and not just on the 2% profit.
 
I think you'd need some kind of fancy algorithm to figure out what I'd really save, but it should be something near $1,000 plus the $750 rebate.
 
I'd have to make payments for 5 years but I could set that up automatically. I'd like to get them to just charge my CC every month because I'd get 1% cash back. That would come to an extra $200.
#41 of 383
Re: $750 rebate AND 2.9% APR? [raderator] by raderator
Feb 07, 2007 (7:34 pm)
Reply

Replying to: raderator (Feb 07, 2007 4:46 pm)

OK, I think I have this figured out. I used an auto loan calculator for both the car interest and MMA interest.
 
5 yr loan for $20,000, $750 rebate used as down payment, sales tax financed.
 
Total Car interest 2.9% $1,509.40
Total MMA interest 4.9% $2,590.60
 
Profit $1,081.20
15% income tax on $2,590.60 $388.59
 
Total Profit $692.61
 
CC 1% rebate $215.10
 
Kia rebate $750.00
 
TOTAL GAINED $1,657.71 (plus the $500 dealer discount)
 
This would probably only be worth doing if Kia allows payment by CC. I pay my Chase rebate card automatically each month directly from my MMA.
 
This all depends on MMA interest rates staying high enough to pay the income tax. Othewise, I'd pay the loan off and at least have gotten the $750 rebate.

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