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Kia Sportage Lease Questions

78 messages,  Last post on May 07, 2013 at 5:01 PM

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

Messages Page 4 of 8

#31 of 78 Re: sportage sx [recruitsvc1] by Car_man HOST

Jul 20, 2011 (5:02 pm)

Replying to: recruitsvc1 (Jul 14, 2011 3:35 pm)
Hi recruitsvc1. Kia's current buy rate lease money factor for a 36 month lease of a 2011 Sportage SX 2WD is .00075 for consumers who qualify for its top credit tier.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#32 of 78 What would be a Good Lease Deal on a Kia Sportage 2011 by cgsteel

Jul 29, 2011 (7:23 am)

I'm currently trying to find a great lease deal for a Kia Sportage 2WD - SX model w/ premium package. The MSRP of the car is $29,540 and the price provided by the internet salesperson is $26,540. I would figure that he will try to add on fees but I'm not wanting to pay those fees.
 
I was not able to locate the projected ALG residual value for this car but I'm thinking it is around 53%.
 
I'm credit rating is 850. What is the best money factor I could get on this car? I'm hoping for an APR of under 1%. Is this even possible?
 
I'm needing the dealer to increase the percentage of the residual value on this car because I would like my payments to be below $250 w/ NO out of pocket.
 
Am I completely off the mark?
 
I know that depreciation in the first year is significant and the cars I'm looking at have been sitting on their lot for over 2 months since I've been checking.
 
Let me know what you think.

#33 of 78 2011 v. 2012 Kia Sportage -Discount to MSRP by im2brad

Jul 29, 2011 (4:06 pm)

I am somewhat atypical in that I plan to purchase the new vehicle with no financing. My question is what discount to msrp should I expect (in the Columbus, Oh area) on a 2011 v. a 2012 Kia Sportage. Right now, I am considering an EX with Premium Package since I require the following features: heated seats, backup warning, telescoping wheel. I do not require either AWD or Navigation, since I have found that AWD is "overkill" in Columbus and that Navigation changes so often that my iPhone Nav software updates quicker and is always in my pocket anyway. In the past, I have moved up a model in order to access a more powerful engine and depending upon incentives might consider an SX. Thoughts?

#34 of 78 Sportage SX by herko2225

Aug 04, 2011 (1:57 pm)

The Kia salesman said the 2012 Sportage models have better resale than most cars, but could not give the specific numbers.
 
Do you have the money factors and residuals for the 2011 & 2012 and SX models with 12k & 15k in SoCal?

#35 of 78 Re: Sportage SX [herko2225] by Car_man HOST

Aug 04, 2011 (4:27 pm)

Replying to: herko2225 (Aug 04, 2011 1:57 pm)
Greetings herko2225. Kia Motors Finance's August buy rate lease money factor and residual value for a 36 month lease of a 2011 Sportage SX AWD with 15,000 miles per year are .00042 and 48%, respectively.
 
The residual value for a lease with only 12,000 miles per year would be 1% higher.
 
I haven't seen the numbers for the 2012 Sportage yet. I'll have to see if I can find them out for you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#36 of 78 SX AWD lease by jthewood

Sep 23, 2011 (2:40 pm)

Car_man,
 
For a 2011 Sportage SX, AWD, loaded, is 0.00065 MF and 44% residual a good deal? MSRP on the vehicle is $32740 with a sale price of $29182 before $1500 in rebates. Also, should the lease be calculated on the sale price before or after the rebates are applied?
Thanks,
Jason

#37 of 78 Re: SX AWD lease [jthewood] by Car_man HOST

Sep 26, 2011 (4:56 pm)

Replying to: jthewood (Sep 23, 2011 2:40 pm)
Hi Jason. The residual value that you were quoted is correct, but the money factor looks a little high. According to the latest information that I have seen, Kia Motors Finance's buy rate lease money factor for this truck is only .00015.
 
I believe that Kia is currently providing a $1,000 cash incentive on leases of this truck.
 
Your vehicle's capitalized cost for the purpose of calculating its monthly payment would be the selling price minus any cash incentives that the dealer is giving you.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#38 of 78 Re: SX AWD lease [Car_man] by jthewood

Sep 30, 2011 (7:46 am)

Replying to: Car_man (Sep 26, 2011 4:56 pm)
WOW! A money factor of .00015 would be great! The dealer is quoting me .00055. Is there any official documentation I could take with me to negotiate a better MF? and, yes, they are giving me the $1K incentive + a $500 rebate I qualify for. All said, final price is $27682 for an SX AWD loaded.
Jason

#39 of 78 Re: Thanks Car_man - got the Sportage SX [mike_in_nepa] by powermaxx

Oct 02, 2011 (1:25 pm)

Replying to: mike_in_nepa (Jul 08, 2011 11:42 am)
How much is your monthly payment?

#40 of 78 Actual Lease Payment by powermaxx

Oct 02, 2011 (1:30 pm)

I appreciate all the financial terms, but for someone that does not understand math in any way shape or form other than the very basics, it would be great to see:
  
Model Leased:
Option Package Selected:
Total Actual Cost Paid:
Monthly Payment:
Length of Lease:

Messages Page 4 of 8

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