Last post on Apr 13, 2013 at 4:51 PM
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Kia Optima, Sedan
Feb 08, 2013 (9:06 pm)
Have driven a few new ones at work and what a sweet ride these are! Comfy seats, smooth ride and a nice dash...nicer than the Sonata truth be told, I like the look a bit better also. these were the LX models so the EX must really rock! Since these were rental units, they were base LX's but did have Sirius/XM which is very cool. A lot of the rental units that we move have SAT radio which makes longer treks a real pleasure especially when driving across southern Florida from Lauderdale to Ft. Myers/Tampa...go between the '60's, '70's and '80's channels and am a happy camper...especially love the cars with the controls on the steering wheel, a much safer way to go between channels.
Got to give Kia/Hyundai a round of applause...they are finally building cars that folks really want to buy and the excellent warranty is just the icing on the cake!
#456 of 472 Kia Optima EX - purchasing
Feb 23, 2013 (8:12 pm)
Good night all, I am currently looking into purchasing a Kia Optima EX maybe standard. I didn't know what would be a good purchasing price. I went to one dealership and was quoted MSRP 24735.00
359/month * 72(6 years) at 2.9%
based on good credit. My credit is above 750. I had dealer check last year and they said it was above 800.
What do you think. I am willing to pay out of pocket whole thing, but not sure if I should look for a better price. Thanks for any help.
#457 of 472 Re: Kia Optima EX - purchasing [twinnii]
Feb 23, 2013 (9:10 pm)
1. 2000 off msrp is easy for the Optima; much competition in that segment
2. with your good credit, join penfed (PFCU) for $15 and get a 1.49% apr loan
#458 of 472 Re: Kia Optima EX - purchasing [twinnii]
Feb 24, 2013 (7:07 am)
Be careful what you pay---either leasing or outright purchase. There is no resale value with the Optima. NONE at all. With that said----the car is beautiful and rides well. But KIA is giving these cars away. That's a really good thing for you because your buying and you should be able to get a terrific deal. Don't let they dealer sway you into thinking invoice or below is not possible ---because it is---Again the big downside of this whole thing is the trade in or resale value. They will give you nothing close to the value---reason----the low selling price of the new models. It's cheaper to get a new one than buy used.So---as the song say's "Be happy". Bottom line--- don't pay anything even close to invoice. Pay below. They will take the deal. Then you have a fighting chance when trade in time comes around. Take it from someone that knows---I'm stuck for another two years on a car I want to unload in the worse way. My Optima is a loaded hybrid that is real crap--2011-- seats are as hard as a bleacher if not harder and 19 mpg in the winter. The car bucks and stammers until 30 mph. Horrible hybrid car ---then add those terrible seats---- well--- you get the idea.
#459 of 472 Re: Kia Optima EX - purchasing [twinnii]
Feb 24, 2013 (1:15 pm)
You should be able to get $4,000 ($2K competitive and $2K loyalty) in rebates. If you have the money then opt for the 36 month 0.9% APR financing. With ZERO down your car should cost $20,735 then add your state sales tax then add your license fee for your state. Start your negotiation from there for the Out the Door price. Remember if you just name the price of the car, they will add their Dealer, Stock, Prep, etc, fees that are there just to give them more profit. Ask what the license fee is and the sales tax rate. You can add those to the $20,735. Also 2.9% financing is not great in these times. Credit score is almost not important right now. These dealers want to sell cars and half the US has poor credit due to the housing market. I received 1.9% for 60 months but the 36 month payment was just too steep for me to opt for the 0.9%.
Here are some rates for you to look at within your price all with ZERO down.
$22,000 OTD 36 mth 0.9%=$619.63; 60 mth 1.9%=$384.65
$23,000 OTD 36 mth 0.9%=$647.79; 60 mth 1.9%=$402.13
$24,000 OTD 36 mth 0.9%=$675.96; 60 mth 1.9%=$419.62
$22,000 OTD 72 mth 2.9%=$333.28
$23,000 OTD 72 mth 2.9%=$348.43
$24,000 OTD 72 mth 2.9%=$363.58
Be sure to look at your final monthly payment and multiply it out so you know what the total cost is you are paying for that car. The dealer makes money on the interest you pay too (if you use Kia Financing) They are just like a mortgage broker. But on the other hand you get a better deal on the car if you use Kia Financing. Just take advantage of the best rate and terms they have.
#460 of 472 Re: Kia Optima EX - purchasing [azoptimaex]
Feb 24, 2013 (1:58 pm)
You CANNOT get both competitive and loyalty rebates on the same car. It's one or the other. Read the fine print.
#461 of 472 Re: Kia Optima EX - purchasing [azoptimaex]
Feb 27, 2013 (2:47 pm)
I appreciate all your replies. I am deciding to Finance the car. Here is what I have now Kia Optima EX car is priced at 23,240 because of $1,000 car competitive and $500 bonus for financing cash; 21,700.
With a 1.9% for 60 months. They want me in before end of month to keep incentive prices.
I noticed someone stated above that there would be NO resale value. I plan on keeping the car for as long as I can. 7 - 10 years and more, as long as the car holds up. I have doubted the reliability of this car but depend on the warranty to back that, but the bumper to bumper is another thing. That's only 5 years 50,000. I want to see if they can up that because if this thing runs down after 5 years, then I will be paying a lot of money to fix it.
This is at Yonkers Kia in Yonkers, New York.
The previous information was from Kia of White Plains, NY.
#462 of 472 Re: Kia Optima EX - purchasing [twinnii]
Feb 27, 2013 (6:23 pm)
Make sure you ask them for the list of exclusions to the bumper-to-bumper warranty. I have a Hyundai and several things are NOT covered after one year. Examples: stereo, AC, lighting, paint, tires. My point is that while it is a GOOD warranty, it is NOT bumper-to-bumper for 5 years...
#463 of 472 Re: Kia Optima EX - purchasing [trusso69]
Feb 27, 2013 (6:45 pm)
Thanks. If the AC goes out, I will have to fix it myself or leave it. I have a car and I currently don't have AC and radio for about 5yrs now. That doesn't mean I won't be pi$$ed off if something happens, but I would probably refuse to fix it through them.
Mar 01, 2013 (1:57 pm)
i dont think kia has bad resale anymore. my three year old sorento (2011) can be traded for 22000 acv and i paid 27200 three years ago. thats not bad at all. ill probably get a 2014 when it comes in. paid 23xxx for my 13 optima in january and just looked and trade in for a 2012 is 21-22k. not bad at all.