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Kia Soul Lease Questions

60 messages,  Last post on Mar 14, 2013 at 2:50 PM

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What is this discussion about? Kia Soul, Car Buying, Car Leasing, SUV

Messages Page 4 of 7

#26 of 60 New to Leasing by sirk98

Aug 09, 2011 (10:35 am)

Hi there!
 
I have always owned cars outright, but am considering buying or leasing a Kia Soul+.
 
I guess I have a couple of questions. Here is the first one.
 
I found a website (unsure if its kosher to give URL here), that 'pre-negotiates' the price for me--no haggling at the dealership. The price it gve me, including the options I want was quite fair. Lets say it was < $17k. The dealer called me back and told me that they would honor this price--they had to contractually--so long as I scheduled a test drive. So I did. My question is this: can I use this price as the basis for a lease negotiation? Woman on phone said she doesnt handle the finance angle--that could be discussed when I go in. Also, I see you mentioned that Kia is offering $1500 incentives in August. I saw only one I thought I would qualify for (Competitor incentive) for $750. What was the other incentive you mentioned? There is a college grad one, but I think you have to have graduated in the last 6 months?

#27 of 60 New to leasing, part II by sirk98

Aug 09, 2011 (10:39 am)

For my second (or third or fourth *grin*) question:
 
Kia is also running a special lease offer for $159/month. From kia.com, looks like $1245 cap cost reduction plus some other stuff for $1999 total (plus fees) due at lease signing.
 
Why would I or would I not want to trade in my current car (2004 Nissan Sentra 1.8 w/ 74k miles) in on this deal? I read somewhere that less money down is better in case the lease gets stolen?
 
Thanks in advance for all the info!

#28 of 60 OK... One last question by sirk98

Aug 09, 2011 (12:47 pm)

Given the Soul's lengthy warranty (limited? not bumper to bumper?), does the advice on avoiding leases longer than 36 months still hold? Would a 48 or 60 month lease be a better deal (I know it depends on money factor, etc--but avoiding a new lease in 36 months has to save some $$, no?)...
 
Thanks again!
k

#29 of 60 Re: Soul + Lease for 12k per year [leaser45] by Car_man HOST

Aug 14, 2011 (2:07 pm)

Replying to: leaser45 (Aug 09, 2011 8:01 am)
I'd be happy to help you out, leaser45. Kia Motors Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Soul + with 12,000 miles per year are .00021 and 50%, respectively for consumers who qualify for its top credit tier.
 
When negotiating your lease on this vehicle, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#30 of 60 Re: New to Leasing [sirk98] by Car_man HOST

Aug 14, 2011 (2:13 pm)

Replying to: sirk98 (Aug 09, 2011 10:35 am)
Hi sirk98. If you have negotiated an attractive selling price on the Soul that you're interested in, I personally don't see why you wouldn't be able to use that price to calculate your car's lease payment.
 
In addition to the $750 competitive owner cash incentive that you mentioned, Kia is providing a $1,500 cash incentive on leases of this car. Make sure to take this cash into account when negotiating your deal. I believe that Kia is providing a $750 cash incentive for recent college grads on top of these offers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#31 of 60 Re: New to leasing, part II [sirk98] by Car_man HOST

Aug 14, 2011 (2:16 pm)

Replying to: sirk98 (Aug 09, 2011 10:39 am)
What you have heard about not putting money down on leases is correct, sirk98. There's nothing wrong with trading in your current vehicle when leasing a new one, but you should have the dealer cut you a check for any equity that you have in it rather than using the proceeds from it as a down payment for your lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#32 of 60 Re: OK... One last question [sirk98] by Car_man HOST

Aug 14, 2011 (2:19 pm)

Replying to: sirk98 (Aug 09, 2011 12:47 pm)
Hi sirk98. The problem with leasing a Soul for anything other than 36 months is that this seems to be the only term that Kia is currently providing lease support on. If this is indeed the case, leasing for any other length would be a much worse deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#33 of 60 Re: OK... One last question [Car_man] by sirk98

Aug 14, 2011 (2:43 pm)

Replying to: Car_man (Aug 14, 2011 2:19 pm)
thanks for the info!!! very helpful!

#34 of 60 Re: OK... One last question [sirk98] by Car_man HOST

Aug 23, 2011 (3:58 pm)

Replying to: sirk98 (Aug 14, 2011 2:43 pm)
No problem sirk98. I'm glad that I was able to help.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#35 of 60 money factor for 2010 soul by jrw118

Oct 31, 2011 (7:16 am)

Good Morning,
My dealership has a 2010 soul left. Is is possible to still lease a 2010? and if so what would be the money factor and residual on a 2010 Soul sport with man trans?
Thanks

Messages Page 4 of 7

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