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Kia Rondo Prices Paid and Buying Experience

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#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)
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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.
#42 of 383
Chat with Ian Beavis by kyfdx HOST
Feb 07, 2007 (8:33 pm)
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KIA VP of Marketing
 
Transcript from last month's chat
#43 of 383
Re: Chat with Ian Beavis [kyfdx] by arumage
Feb 08, 2007 (8:02 am)
Reply

Replying to: kyfdx (Feb 07, 2007 8:33 pm)

Link is broken.

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