Last post on Sep 01, 2013 at 7:55 AM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Kia Optima, Car Buying, Car Leasing, Sedan
#400 of 457 Re: My 2013 Optima EX Lease DEAL [franko9217]
Mar 02, 2013 (2:58 pm)
So you put 2k down and are paying 259.00 for 36 months
What is your residual- what would you owe at the end of the lease if you wanted to purchase it?
I am leasing same car, but for 247.50 for 39 months and residual is 15,400
#401 of 457 Re: not so fast... [rob233]
Mar 02, 2013 (2:59 pm)
how did 27500 msrp become 29445 retail value?
why are they charging you tax on the entire amount instead of only the lease payment as is proper in AZ?
how much is the tint and how are you paying for it?
why is there BOTH a doc fee of 399 (BS) and a dealer fee of 199?
you MAY qualify for BOTH the conquest bonus of 1000 plus there is another 1000 of lease bonus cash; they only gave you 1500 of it
should i go on?
dealers TRY to make leasing complicated but it is just math
use this easy calculator:
If you can't get the numbers to work out close to what they gave you, then something is wrong.
#402 of 457 Optima incentives total 2000 now
Mar 02, 2013 (3:03 pm)
I am NOT trying to be a DOUCHE; I'd like you to get a good deal.
This guy francko said:
"Did not qualify for any of the rebates (loyalty or competitive)"
You qualify for $2000 (minus tax) of current incentives. that's ~$47 per month on a 39 month lease. Adjust his deal accordingly if you are trying to compare...
#403 of 457 post 290 repeated for you
Mar 02, 2013 (3:10 pm)
why you don't make a large down payment on ANY lease:
from the forum moderator:
"Your friend was right about not putting money down on a lease. I always advise consumers not to make any sort of down payment on leased vehicles. Consumers who put money down risk losing part or all of that money if their vehicle is totaled in an accident or stolen and never recovered. "
#404 of 457 Re: Optima incentives total 2000 now [trusso69]
Mar 02, 2013 (3:13 pm)
No, I know, I do appreciate everything.
So, we have an EX with Premium package at 27,500 MRP and Arizona has a 7% tax
What should I come back with in your opinion?
#405 of 457 Re: Optima incentives total 2000 now [rob233]
Mar 02, 2013 (3:22 pm)
i get 293 per month (39 months) including 7% tax using that calculator.
Add in the state minimum reg. fees and that is your out-the-door amount.
EXAMPLE: If Arizona reg fees are $300. You would offer $593 now + 38 additional payments of $293
#406 of 457 Re: Optima incentives total 2000 now [trusso69]
Mar 02, 2013 (3:25 pm)
and with that a 15,400 residual value is reasonable?
#407 of 457 Re: Optima incentives total 2000 now [rob233]
Mar 02, 2013 (3:45 pm)
Here's the detail numbers I used for your review:
msrp 27500; sell 25500 (includes dealer fees)
costs added to lease: 795 (595 acq fee, 200 tint)
credits 1850 (lease bonus 1000, conquest bonus 1000; adjusted for tax)
56% residual is set by KMF (Kia Motor Finance)
money factor 0.00105 is also set by KMF
39 month term; 7% state tax rate on the lease payment only
Plugged all this into that lease calc and came up with the $293 payment
All you need to add is the Arizona DMV fees (estimated 300 in the example; are they really that high?)
take some time to digest all that...GL
i'll be back in a few hours
#408 of 457 Thanks for your help
Mar 06, 2013 (7:29 am)
Yes, AZ tags are very expensive. I worked on it and will be picking one up today-NO money down and 288.00 per month! Thanks for your help.
#409 of 457 Am I getting good deal???
Mar 12, 2013 (8:48 pm)
I just made a deal on a lease, haven't signed anything yet. It is an Optima EX with Premium package, my money down was my trade of which I received an equity of $1500. (after payoff). My monthly rate at 12000 miles/yr and 36 months = $304.
Is this a good deal?