Getting a New Car Thoughts....

[stinger541]

Hi, hoping people have ideas/insight as I have been going around in circles with this. We all know the car market is a mess right now...my lease ended back in September, but I extended it hoping that dealers would get more cars in stock. Sadly, that has not happened...one dealership literally has 5 cars on their lot. Five!

So now my lease is ending again and I still do not know what to do. My buyout is 18.5K. Carmax offered me 29.2K. I want to jump at that, but if I do, I then have no car...could either turn around and pay the exorbitant used car prices (defeats the purpose of selling), or buy a cheaper more utilitarian car...or just keep this car.

However, I do not know how I feel about getting into a new 5-6 year payment on a car that, knowing I will be still paying a lot on a 10-year old car by the end. I know I will need to put on new brakes and tires right away if I buy it out. Not cheap!

What I WANTED to do all along was get into a new 2022 gt-line. I have the 4-cyl premium now, and would like to get my hands on that new engine at the gt-line level, not to mention some of the other included little goodies that my car does not currently have, like the heated steering wheel (live in cold area, it is currently -27 with wind chill!).

I have talked to a dealership a state way that has a couple of Stingers in stock and they did offer to take my car at trade, but could only offer me 23.5K. A lot to lose from 29.2K, so I want to stick with the Carmax route at least.

My question really is...what are people doing with their cars now that leases are coming up and we are all finding that the fantastic offers simply are not there any more on the Stinger. I am now looking at a monthly payment being around 150 more per month than I have been paying...and that is WITH 5K down! I am okay with putting money down this time simply because I consider this 10.7K profit to be found money, completely unexpected.

Other question is...what are people seeing now for lease payments at 36mos or 48mos with either 12K or 15k miles annually? Credit score is not an issue.

Thanks for any insight.

 

[stinger541]

Bump

 

[Kram]

If you have good credit I would buy it out for the $18,500. Your payment on a 36 month loan should be about $500 a month. Then in 3 years you'll own a car outright that is 6 years old. That's the way to go IMO

 

[GTdsz]

You can sell it to whoever, take the 10k and invest it and buy something new that is cheap.

 

[Legendsk]

I guess this will be sort of a eulogy. My 2018 GT2 RWD has been the best car I have ever owned. I don't want a different car, I want this one. Yeah, the dealer service is so bad that they don't even answer the phone. I finally had to call corporate and after they understood I was by the side of the road, they said, "Just a moment please while we call the dealer and schedule a tow truck." In a couple of minutes they came back and said, "The dealer wouldn't answer the phone for us either, so we will schedule the tow and it will be there in 90 minutes. About an hour after the tow truck left a service writer at the dealer called me to ask why my car was there. I explained it was making such a screeching noise it couldn't be driven. I suspected the computer might be activating the parking break, but they needed to figure out whatever it was and fix it.

She told me it would be a week or better before they could schedule it into the shop. She got in the car and drove it a few feet and immediately had 100 or so people from service, parts, lobby, finance, sales, etc., surrounding it to see WTH is going on. The head service tech came over, looked at the right front wheel and told the service writer he was going to push on the rotor shield and she should creep forward a few inches and see if it squealed. But when he pushed it, there was a 'clink' as the rock fell out onto the concrete. All fixed.

I don't care how bad the dealer is, I can work around that. I don't care if there is a computer glitch now and then - the car is so good, all that other stuff is peanuts.

However, I can see the technological tsunami coming over the horizon. My driver's license is good for 8 more years, surely more than I can make it? I can likely drive for a few more years, except as self driving cars come on line and insurance costs go out of sight and gas is $5 / gal or more, I won't be able to afford it. So I can only drive it for a couple more years and then I economically won't be able to. If I wait 2 more years and begin paying those penalties, by then the cost of ev's will be out of sight and FSD will be over $100,000.

So sadly, I ordered a Model - Y which will be delivered in July and I certainly don't need 2 cars or be able to afford them, so the Stinger will have to be sold or traded in and right now used cars are at a premium and ev's are cheaper than they are going to be. So Monday I pulled the trigger on a Model - Y which will be delivered in July. I'll figure out before then whether to trade it in to Tesla, sell it, or give it to a grand-kid. Yesterday the cost of the car with FSD went up $4,000, so I'm already ahead of the game.

I should be around until July, if the creek don't rise, but I will miss you nice folks and my GT2.

 

[stoopid]

It's true the trade-in on your car is likely peaking right now, it's untrue that EVs are going to be grossly expensive. If anything, with production ramping up and new battery tech in the near distant future (specifically solid state batteries, google it), pricing is only going to go down. I agree with your overall thought process though, the days for combustion engines are numbered. I thought a decade ago it would have been by now. So who knows how many days into the future that actually is, or whether alternative (carbon neutral) fuels that can be used in our engines, replace traditional gas/diesel. None of this is a threat tomorrow, and if history is any guide, not in 2 years either.

What happens in 8 years that you can't drive any more? I'm not sure what that has to do with anything else you've posted.

 

[DoctorStiches]

Get a v6 and just do it !!!!!!

 

[MerlintheMad]

I guess this will be sort of a eulogy. My 2018 GT2 RWD has been the best car I have ever owned. I don't want a different car, I want this one. Yeah, the dealer service is so bad that they don't even answer the phone. I finally had to call corporate and after they understood I was by the side of the road, they said, "Just a moment please while we call the dealer and schedule a tow truck." In a couple of minutes they came back and said, "The dealer wouldn't answer the phone for us either, so we will schedule the tow and it will be there in 90 minutes. About an hour after the tow truck left a service writer at the dealer called me to ask why my car was there. I explained it was making such a screeching noise it couldn't be driven. I suspected the computer might be activating the parking break, but they needed to figure out whatever it was and fix it.

She told me it would be a week or better before they could schedule it into the shop. She got in the car and drove it a few feet and immediately had 100 or so people from service, parts, lobby, finance, sales, etc., surrounding it to see WTH is going on. The head service tech came over, looked at the right front wheel and told the service writer he was going to push on the rotor shield and she should creep forward a few inches and see if it squealed. But when he pushed it, there was a 'clink' as the rock fell out onto the concrete. All fixed.

I don't care how bad the dealer is, I can work around that. I don't care if there is a computer glitch now and then - the car is so good, all that other stuff is peanuts.

However, I can see the technological tsunami coming over the horizon. My driver's license is good for 8 more years, surely more than I can make it? I can likely drive for a few more years, except as self driving cars come on line and insurance costs go out of sight and gas is $5 / gal or more, I won't be able to afford it. So I can only drive it for a couple more years and then I economically won't be able to. If I wait 2 more years and begin paying those penalties, by then the cost of ev's will be out of sight and FSD will be over $100,000.

So sadly, I ordered a Model - Y which will be delivered in July and I certainly don't need 2 cars or be able to afford them, so the Stinger will have to be sold or traded in and right now used cars are at a premium and ev's are cheaper than they are going to be. So Monday I pulled the trigger on a Model - Y which will be delivered in July. I'll figure out before then whether to trade it in to Tesla, sell it, or give it to a grand-kid. Yesterday the cost of the car with FSD went up $4,000, so I'm already ahead of the game.

I should be around until July, if the creek don't rise, but I will miss you nice folks and my GT2.

I could have sworn that you were already on your second Stinger: how did I get that?

 

[Legendsk]

I could have sworn that you were already on your second Stinger: how did I get that?

Nope, first one. Still great, sure hate to part with it. Ev's got here faster than I was expecting.

 

[DoctorStiches]

Ev is cool and fast but not really a good solution for fossil fuels. I would use hydrogen as there is 1 pump within 50 miles but it would have to be a just to work and back thing and the cost of hydrogen cars is still to high.

 

[Schroedes]

The amazing BS idea they're selling us.. that EVs are less "harmful"... I wonder if they'll have EV Excavators,dump trucks etc etc in the giant open pit mines that nobody wants in their back yard. I'll hold off as long as possible

 

[Dan00Hawk]

I got my 22 GT Line AWD back in August for about $3k less than MSRP. The Kia dealer was higher than Carmax for my trade in (VW GTI), but about $1000 behind Carvana, so I thought they were fair overall.

The dealer I got it from in Northern Illinois has 9 GT-Line AWD in stock on their website, and while their discounts might not be the same as when I got mine, there a few with some decent savings off MSRP. Even going halfway across the country could be worth it for the right deal. Fly in, drive out, or arrange shipping. Many dealers do that now.

%VEHICLE_SEARCH_PAGE_KEYWORDS_CAP_FIRST_LETTER% Vehicles for Sale in %CITY%, %STATE% | %DEALER_NAME%

Search %VEHICLE_SEARCH_PAGE_KEYWORDS% vehicles for sale in %CITY%, %STATE% at %DEALER_NAME%. We're your %FRANCHISES% dealership serving %DEALER_GEO_ONE%, %DEALER_GEO_TWO%, and %DEALER_GEO_THREE%.

www.garylangkia.com

Shane Rigsby was my salesman, and he just bought a Stinger himself. Feel free to let him know that Dan Hoek. referred you. The sales managers there weren't really willing to budge much on their website pricing or trade in values, though. Might be worth checking out though. Shane's email: srigsby@garylangautogroup.com

Hope this helps!

 

[JSolo]

^^Small world. Same place, different sales person, Dave S.

It did take 3 cars to find one without noticeable defects.

car 1 - a white one - had some sort of rattle on the passenger side
car 2 - (in the color I wanted) had an air pressure buffeting sensation similar to what one gets if a window is open, but this was present with all windows closed
car 3 - also in the color i wanted appeared to be ok and is the one I took home

tl;dr, *ALWAYS* ALWAYS test drive, if there are issues, either drive another car or have them fixed before you sign the contract.

 

[Dan00Hawk]

^^Small world. Same place, different sales person, Dave S.

It did take 3 cars to find one without noticeable defects.

car 1 - a white one - had some sort of rattle on the passenger side
car 2 - (in the color I wanted) had an air pressure buffeting sensation similar to what one gets if a window is open, but this was present with all windows closed
car 3 - also in the color i wanted appeared to be ok and is the one I took home

tl;dr, *ALWAYS* ALWAYS test drive, if there are issues, either drive another car or have them fixed before you sign the contract.

Yep, I rejected the first one I went there to look at, as the paint was peeling around the rocker panel by the front wheel. Saw that on a few others also. Drove the one I ended up buying to make sure it was right. They lost my 2nd key and took awhile for them to get it replaced, but that was the only hiccup. They had the best prices in Chicagoland for the GT-Line in the color (white) that I wanted, even though I'm 65 miles away from them and there are probably 8 other Kia dealers that are closer to me.

 

[stinger541]

thank you for the replies, will look at contacting that dealer...but why all the problems with brand new cars...paint peeling? really? long distance purchase makes it tough to see all that! i will email that salesperson though.

No idea what that eulogy post has to do with my thread?

 

[JSolo]

When you buy milk, do you just grab the nearest jug or do you look at it to make sure the expiration date is satisfactory... Do you look around to see if there are others with a later expiration date? The cashier will ring up either one without batting an eye.

Any tangible product you purchase is the same. Up to the consumer to ensure product meets their standards.

New car just means you won't have to pay out of pocket for any issues for a fixed period of time, not that it's defect-free.

 

[stinger541]

When you buy milk, do you just grab the nearest jug or do you look at it to make sure the expiration date is satisfactory... Do you look around to see if there are others with a later expiration date? The cashier will ring up either one without batting an eye.

Any tangible product you purchase is the same. Up to the consumer to ensure product meets their standards.

New car just means you won't have to pay out of pocket for any issues for a fixed period of time, not that it's defect-free.

I know this. Just seems odd that two different people had multiple defects at same dealership. I will say that air buffeting thing with windows down is crazy! Experienced it before, was so weird.

 

[JSolo]

^^In my case, both cars were delivered just a day or two before picking up. In fact, they had to rush PDI on the 2nd car because only the first one was done. Albeit it also tells me the pdi did not include driving the car at hwy speeds.

I blame this more on kia than the dealership. Ideally vehicle QC should be consistent.

Air buffeting with the windows up is even stranger

 

[stinger541]

^^Small world. Same place, different sales person, Dave S.

It did take 3 cars to find one without noticeable defects.

car 1 - a white one - had some sort of rattle on the passenger side
car 2 - (in the color I wanted) had an air pressure buffeting sensation similar to what one gets if a window is open, but this was present with all windows closed
car 3 - also in the color i wanted appeared to be ok and is the one I took home

tl;dr, *ALWAYS* ALWAYS test drive, if there are issues, either drive another car or have them fixed before you sign the contract.

Hi, do you know the contact/referral info for your person? Srigsby has not replied to multiple emails. Thanks

 

[stinger541]

Hi, do you know the contact/referral info for your person? Srigsby has not replied to multiple emails. Thanks

Nevermind, I think I found him on their site, thank you.