How much are you willing to pay? (lease)

David

Member
Joined
Apr 11, 2017
Messages
81
Reaction score
56
Points
18
There was a discussion and poll about paying for the car if you are a buyer. This forum is dedicated to potential leasees. How much would you pay for a fully loaded (lets assume $47k USD) Stinger GT?
 
I'm about to wrap up my first lease, and I'm definitely a fan now. If the return process goes smoothly and I don't end up owning any wear charges, I'll definitely lease again. As for how much I'd pay, I'm prepared to go up to 649 monthly for a loaded GT. I can't imagine a 3yr/15k/0 down lease being any higher than that.
 
I think I could go for that too Ecobust. I put money down with my Optima lease when I got it, but I don't want to do that this time around.
 
______________________________
If the estimates of $48k~ish for a fully loaded GT are true, what are you guys expecting the 3 year residual value to be? The K900 has me really worried...

I ask because A) That will obviously play a big part in lease terms, and B) I would really prefer to buy, but I'm trying to figure out if a low residual value would mean that leasing would be a better option or worse? I haven't leased before and am trying to figure it all out, haha.
 
This is a pretty straightforward financial calculation with a few more data. BTW two residual values - what it's actually worth at what would be the end of the lease term if you buy it and what the lease will give you as a residual. As a subjective consideration, most normal people will take a lot better care of a car that they expect to keep. I will!
 
From interior to exterior to high performance - everything you need for your Stinger awaits you...
If the estimates of $48k~ish for a fully loaded GT are true, what are you guys expecting the 3 year residual value to be? The K900 has me really worried...

I ask because A) That will obviously play a big part in lease terms, and B) I would really prefer to buy, but I'm trying to figure out if a low residual value would mean that leasing would be a better option or worse? I haven't leased before and am trying to figure it all out, haha.

The higher the residual value the less the depreciation the less you pay, the lease cost consists of depreciation + the finance charge.
 
I drive way too much for leasing to be feasible
 
If the estimates of $48k~ish for a fully loaded GT are true, what are you guys expecting the 3 year residual value to be? The K900 has me really worried...

I ask because A) That will obviously play a big part in lease terms, and B) I would really prefer to buy, but I'm trying to figure out if a low residual value would mean that leasing would be a better option or worse? I haven't leased before and am trying to figure it all out, haha.
I really hope residual would be around 28-30k for the GT Limited. Maybe that's just wishful thinking, because like you said, K900 wasn't that great.
 
Per Edmunds, a new car is worth 58% of true market value after 3 years, which would be about $28k. That's an average, of course. I would not depend on a lease residual giving full credit for TMV, though.
 
______________________________
From interior to exterior to high performance - everything you need for your Stinger awaits you...
For a fully loaded GT AWD at $47K I would not pay more than 1% of MSRP, so $470/mo assuming a standard 3 year lease with 12,000 mi/yr. This is with no money down, just start ups due at signing. Ideally I would get a low optioned GT AWD closer to $42k, and shoot for under $400/mo. But the residual and MF won't be desirable at launch, may need to wait 6 months or so.

Anyone that pays over $500/mo lease for this car is insane. There are so many other luxury sport vehicles that can be had in this range.
 
Mustang's hold their value like crazy in the UK, so I'd easily get my deposit back and probably then-some.
Estimated Base GT in the UK will be around £41,000 (incl Tax, Delivery etc. etc.)
I'd get about £9k equity for my Mustang and Kia's often hold about 55% of their value after three years here. Their interest rates are 4.5%. So we're looking somewhere in the region of £275 to £375 a month depending on millage specified. Which would be more than reasonable to me for a twin turbo six-pot.
 
Mustang's hold their value like crazy in the UK, so I'd easily get my deposit back and probably then-some.
Estimated Base GT in the UK will be around £41,000 (incl Tax, Delivery etc. etc.)
I'd get about £9k equity for my Mustang and Kia's often hold about 55% of their value after three years here. Their interest rates are 4.5%. So we're looking somewhere in the region of £275 to £375 a month depending on millage specified. Which would be more than reasonable to me for a twin turbo six-pot.

275 - 375 might be reasonable, but if you add the 9k in equity that is up another 250 a month over 36 months. 525 - 625 does not sound all that reasonable to me.. I wouldn't pay that in USD let alone GBP.
 
275 - 375 might be reasonable, but if you add the 9k in equity that is up another 250 a month over 36 months. 525 - 625 does not sound all that reasonable to me.. I wouldn't pay that in USD let alone GBP.
I don't think you understand how it works. Equity means how much money I will have after selling the Mustang.

The stinger GT will be about £41000, which includes everything (tax, registration, delivery, emissions tax)
I will have £9k equity, minimum, in my Mustang to act as a cash deposit.
That's £32000 to finance on the Kia.
Kias hold about 55% of their value after three years. That's £22,500 value in three year's time (called the Guaranteed Minimum Future Value, GMV, in the UK).
32000 - 22500 = £9500 to finance.
9500 over 32 months is £263 a month.

Add interest at 4.5% (Kia's rate in the UK) to the 9500 I'm financing and that's £275.76 a month.

After three years I can either pay them £22500 in cash or hand them the car back, using any equity the car may have to buy another or keep as hard cash.
 
With $0 down, standard miles and term, truthfully anything above $420/month is pushing it. I would say $450 is max, but hoping it'll be around $399 if the rebates are right.
 
From interior to exterior to high performance - everything you need for your Stinger awaits you...
I have a hard time seeing that.
Right now you can get a 66,000 k900 for 699 a month. But that is a 48 mo lease and they are running a special with 11,000 lease cash.

I doubt Kia will offer 11000 right of the bat for the stinger. I would guess you will be super lucky to get a 3 year lease for under 700/mo
 
______________________________
If the leases aren't competitive, no one will buy the Stinger. My local Volvo dealer just offered me 500/mo on a 65k sedan. No way I'm paying 700 for a 50k Stinger.
 
I have a hard time seeing that.
Right now you can get a 66,000 k900 for 699 a month. But that is a 48 mo lease and they are running a special with 11,000 lease cash.

I doubt Kia will offer 11000 right of the bat for the stinger. I would guess you will be super lucky to get a 3 year lease for under 700/mo

If the leases aren't competitive, no one will buy the Stinger. My local Volvo dealer just offered me 500/mo on a 65k sedan. No way I'm paying 700 for a 50k Stinger.

No way I would pay that either. If you look at the payment calculator for Kias, they offer 0.9% interest over 66 months for purchases. That comes to around 780 for a 50k Stinger if you made no down payment. The lease will have to be a good bit cheaper if they want people to get one. Just my opinion.
 
From interior to exterior to high performance - everything you need for your Stinger awaits you...
Back
Top