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Kia Optima Prices Paid and Buying Experience

472 messages,  Last post on Apr 13, 2013 at 4:51 PM

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What is this discussion about? Kia Optima, Sedan

Messages Page 26 of 48

#244 of 472 KIA=Segment LEADER!!!!! by karkonnoisseur

Dec 11, 2011 (9:35 pm)

I purchased a 2012 KIA Optima LX T-GDI with Premium & Tech packages in spicy red. I challenge anyone to purchase a new car that is this capable with this level of trim, fit and finish. I have owned entry and mid level luxury cars for years. I only have 351 miles on my KIA so far and every time I get into it, it leaves me with a big honking smile on my face. The KIA Forte Koup is poised to steal the spot occupied by the Honda Civic Si and the Mazda speed 3. KIA has truly reinvented its line and is turning up the heat. Inside Line's test of the Forte was an eye opener. Peter Schreyer, the former head of Audi's Design team has made KIA so attractive that no one in the sweetspot segment expected this. All of the big players are shocked. I know I was when I test drove my Optima for he first time. I took this 2.0 liter turbo engine to 60 in about 6 seconds.

#245 of 472 Re: Just got Optima EX [rjorge3] by karkonnoisseur

Dec 11, 2011 (9:34 pm)

Replying to: rjorge3 (Dec 08, 2011 8:37 am)
I'm a value guy too and I have to agree.....Nic Jonsonn's test of this car got me thinking and when I drove my new 2012 Optima SX T-GDI, I learned that KIA is a worldclass contender in this segment.......the car sold itself!!

#246 of 472 Re: KIA=Segment LEADER!!!!! [karkonnoisseur] by XxHaimBonxX

Dec 12, 2011 (2:44 pm)

Replying to: karkonnoisseur (Dec 11, 2011 9:35 pm)
you mean you got the SX, not LX, because those come with 2.4L I believe.

#248 of 472 Re: KIA=Segment LEADER!!!!! [XxHaimBonxX] by karkonnoisseur

Dec 16, 2011 (3:01 pm)

Replying to: XxHaimBonxX (Dec 12, 2011 2:44 pm)
Thats right!! I meant the SX!

#249 of 472 Just Leased a 2012 LX! by nicole0423

Dec 20, 2011 (3:02 pm)

Very excited...I think I got a pretty good deal.
 
Live in MA
Trade In - 400 over what I owed
Loyalty - 500
Money Down - 1100 (included tax, title, delivery - all that stuff)
Monthly Payment - $229
 
I went to a dealer beforehand who was advertising $116 a month on the Optima LX. I couldn't believe it, so I went down to check it out. After spending 30 minutes while they figured out the numbers, they came back with a price of $282 a month!!! I was fuming. They all but told me there is no way for anyone to qualify for all the incentives, since some wash out the others. Total false advertising. The dealer I ended up going with was great. The math is crazy, I still don't even know what I paid for the car. I do like the monthly payment though.

#250 of 472 Tentative deal by rjorge3

Dec 20, 2011 (6:23 pm)

Ok ladies, so here is what I have been offered so far. I will know tomorrow when I stop by the dealer if they are for real or not. So after emailing 4 dealers back and forth one of them came back with a $299 per month inclusive of NJ taxes; 39 month lease; 15k miles per year; no money down (zero cap cost reduction) and all fees rolled into the pmt of $299!! this is for a 2011 Optima with the premium Tech package. I asked them like 5 times, so all I have to bring is my pen and that it. Again, if they are for real, I will post all the numbers for you ladies.

#251 of 472 Re: Just Leased a 2012 LX! [nicole0423] by greetingsny

Dec 22, 2011 (9:23 am)

Replying to: nicole0423 (Dec 20, 2011 3:02 pm)
Hmm,
 
Let's see. I would assume you went with the standard Optima LX with auto transmission and no other options. Currently Kia leases on 39 mo with a MF of 0.00127 and a residual of 59% for 12,000 miles per year (58% for 15,000). While doing the math in reverse to find out how much you really paid for the car is not exact since I don't have the details of your trade in your approximate price paid for the car was $20,100 while the MSRP for this car is $21,750 which means you paid $1,650 less or a 7.58% discount. That's not exactly bad but in average the discount for this car is 10-11% which means your discount could've been $2,175-2,402 which would've put your sale price in the $19,575-19,348 range and you woul've paid monthly between $214-$208.
 
Don't lose your sleep over this $15 to $21 less per month, enjoy the car, I thinks is awesome for what it costs.
 
Regards!

#252 of 472 Re: Tentative deal [rjorge3] by greetingsny

Dec 22, 2011 (9:47 am)

Replying to: rjorge3 (Dec 20, 2011 6:23 pm)
That's not exactly telling much since you don't mention the trim. An LX with auto and technology is breaking down like this:
 
MSRP = $25,050
MF = 0.00127
Term = 39 mo
Sales tax = 7%
Miles/year = 15,000
Residual = 58%
Fees = approx $800 (bank fee $595 plus DMV and doc fee)
Your monthly payment = $299
 
This results in an approximate sale price of $23,500 or a discount of 6.2%. This is a little more than half of the average discount of the car. Your best deal considering you could get 11% discount on the car or a sale price of $22,258 will result in monthly payments, all fees rolled in, of $263. This is $36 less per month or $1,404 less for the life of the lease.
 
Please, do not let the dealer present you with the monthly payment figure because it is so easy for them to hide the extra cost to you. Always negotiate the sale price and for that use a site like truecar.com or edmunds.com to figure the approximate sale price of the car. Then scour the internet for the lease rates and terms and use a lease calculator to find for yourself how much the monthly payment would be. You will negotiate from a much more stable position and save some money in the process. Knwoledge is power, really and myself learned this the hard way after paying much more in the past than I should have

Messages Page 26 of 48

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