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Prices Paid: Buying & Leasing Experiences Kia Rondo Prices Paid and Buying Experience
265 messages, Last post on Sep 01, 2008 at 7:55 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: baltimore_jeff (Feb 05, 2007 9:06 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!!!
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Replying to: raderator (Feb 07, 2007 11:15 am)
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Replying to: mrswiss (Feb 07, 2007 4:14 pm) 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.
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Replying to: raderator (Feb 07, 2007 5:46 pm) 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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KIA VP of Marketing Transcript from last month's chat
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Replying to: kyfdx (Feb 07, 2007 9:33 pm) 
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Replying to: arumage (Feb 08, 2007 9:02 am) Kia Chat |
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Wow - I had a great shopping and buying experience. Better than I'd ever expect to have, given many of the dealers I've shopped/bought with in the past.  Saw the Rondo last weekend at the auto show here in Philly. Loved the feature set, flexibility, and price. Stopped into Gateway Kia in Warrington. Took a test drive with a great salesperson who knew the vehicle well, and was up front with me when she didn't know an answer to a question. I really liked the car and the ride. Sat down with the sales manager, who walked me thru an offer that was $550 off of sticker. Earnest, persuasive, but not pushy. I felt very comfortable saying I was still shopping. Went back a few nights later for a highway test, and brought pricing research. Worked a deal for $820 off of sticker. Note that the dealer sticker did include $420 for pinstripes and mudflaps, though they did throw in a rear bumper guard to seal the deal. Also,the factory sticker had floormats priced as a $95 option, whereas the brochure notes them as standard on EX, and the KIA.com site price was exactly $95 less. Dealer dropped the price by $95 right away when I noted this. This was all before the $750 rebate, and the 2.9% rate was readily offered after I was found credit worthy.  Felt taken seriously and respected as a buyer. Good solid negotiating in a business like manner. Even F&I was very low pressure. Contrast this to the Kia dealer by the airport, where they are tacking on $995 for "Appearance Package," and then adding a $2500 (!!) Market Adjustment. But if you are on this site and live around Philly, that's probably not a surprise. Thanks for this forum, Edmunds! 
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I'd love to take a drive over to the Kia Store and test drive a few of their vehicles, the Rondo included. However, the nagging questions in my head is: How will it compare to the Hondas and Nissan I've owned in the past. I hear lots of stories about how great the cars are, but then I see several posts in different forums about how the cars act up, have huge warranty issues, do odd things, etc. I would like to pursue KIA, but don't want to wind up kicking myself for 5 or more years as little things keep happening to my car that haven't happened to me on my Nissan/Hondas. (and as a caveat, my Nissan has had a few little things go wrong). |
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