Last post on Nov 20, 2013 at 8:49 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Kia Optima, Sedan
#499 of 508 Re: 2014 Optima [stage4survivor]
Oct 17, 2013 (8:24 am)
I am also thinking about leasing a 2014 Optima. Ive never leased a car. Does anyone have any tips. Should I lease or buy?
#500 of 508 2014 Optima Lease
Oct 17, 2013 (5:48 pm)
I just leased a 2014 Opitma EX with Premium & Tech Packages. The MSRP was $30410 for White Pearl, cargo mat, tray, net, door applique and wheels locks. I got it down to $27434 which was about a 9.7% discount and an additional $1500 in rebates for a final cost of $25934. I didn't include taxes, doc. fees or RMV fees so people can compare apples to apples. Residual was 58% but the MF was .00176 for top tier credit which is ridiculous since the MF for a 2013 is .00063 but I am going to just buy it in a couple of months so that will take care of that problem.
If you are leasing do not put any money down. Luckily when I leased one in April I didn't put anything down and in Sept. it was totaled so I didn't lose anything. The gap ins. took care of the difference between the value and payoff. If you want to lower your monthly lease cost you can pay any dealer fees and the acquisition fee as you can't recover those costs.
#501 of 508 Re: 2014 Optima Lease [lenwill]
Oct 20, 2013 (11:00 pm)
That sounds like a great deal. How much are you monthly pmts? How long is your lease and how many miles per year?
When I leased my (2011 Hybrid) in Dec of 2011, I drove the car out of the lot with nothing down (all the fees ,Doc, RMV etc) rolled into the lease, I am paying $349 per month, 15k miles per year, 36 months. I think they gave me like 3 or 4 rebates back them.
They are now calling me to take a look at the 2014, which I think they improved the interior even more so I am curious to know what monthly pmts some of you folks are paying.
#502 of 508 Re: 2014 Optima Lease [rjorge3]
Oct 21, 2013 (5:48 pm)
With the final cost of $25934 and MF of .00176 Residual at 58% for 36 months at 12000 miles monthly cost is $307 and with sales tax of 6.25% ($19) for a total of $326.
If you get a low MF like .00063 or so rolling all the fees into the lease is not too bad because that MF translates to 1.51% but if you get a high MF like .00176 that equals 4.22% which is a terrible rate but that is what the current rate is for the 2014 Optima because they are trying to steer buyers to the 2013 Optimas that are still on the lots.
At the high rate you are better off paying the fees if you can instead of financing them. I paid the fees out of pocket and will buyout the lease in the Spring. The MF should drop down in a month or two but the residual will probably also drop, a lower residual will add dollars to a lease payment.
#503 of 508 sx turbo in nj
Oct 30, 2013 (8:32 pm)
Hi. I'm looking at an sx turbo in central nj. I'm looking for any feedback on pricing. So far I've gotten a 30000 quote on one with the tech and premium package. My goal is 28. Thoughts?
#504 of 508 2014 Metal Bronze Optima
Nov 18, 2013 (12:57 pm)
2014 EX Base - $20,500 (no premium package, just one level above the lx) This is before TTL and Sales tax.
#505 of 508 Re: sx turbo in nj [vser]
Nov 18, 2013 (1:25 pm)
Careful what you wish for. The KIA is not something that holds up mechanically. There is also very low trade in value. Junk status per insurance industry. If your going to hang onto it till the end you would be ok except for the build quality. That will suffer. If your going to spend that kind of money why not look at a base Lexus ES. Same ball park and the build quality and trade in value can't be beat. Also the new Impala has some great deals going for it. It is also rated a quality built vehicle---- though the jury is still out on that. To early in the model year to draw a conclusion. Just be careful on that Kia. I know it looks great and they throw everything on it a bargain prices---- but think real hard before you pull the Kia trigger. I had one. Worse care I ever owned. I'll give you more info if you desire.
#506 of 508 Re: sx turbo in nj [snowman22]
Nov 18, 2013 (2:53 pm)
Kias have changed man. The are little brother to Hyundai and i know tons of people with high miles Hyundais. Why make up stuff? I would be embarrassed to drive a Lexus personally.
#507 of 508 Re: sx turbo in nj [godisnonoob]
Nov 19, 2013 (6:25 am)
Hyundai--- sure they own KIA. I'm talking from my own experience. I'm sure tons of people like their cars. But--- on the other side of the coin I'm,sure tons don't. I was not embarrassed to drive a KIA. It was a great looking car. Unfortunately that was all I liked. Drovemitmfor a year and a half. It got worse with more miles. So from my perspective it,was not positive. I'm not making it up. It was MY experience. Also I only use the Lexus ES as one,example of a much better choice. Again--my opinion. Same with the Impala. Sooooo--- make "stuff" up--no. Pass along a less than positive experience--- yes.
#508 of 508 Re: sx turbo in nj [snowman22]
Nov 20, 2013 (8:49 am)
Our '08 Hyundai Accent has been the perfect vehicle with only one problem, bad brake light switch, that was fixed within 2 hours the day I brought it in...they took me right away and said to wait as it'll be done as soon as possible...and it was. We also have a Nissan Versa SL, both are our kids vehicles, and they are both great vehicles. Just trying to point out that all makes have issues with some of their vehicles yet I think there are more good stories than bad. Personally test drove a Lexus yesterday and it was nice but am sure there are plenty of folks having issues with their Lexi...the point being every manufacturer has good and bad vehicles. Just the nature of the beast, sorry your experience wasn't what you expected...ours is, and then some!