Lease then Buyout - Contract Explanation

[AYip31]

The challenge is not too many 2021 out here. What's the best I can expect on a 2022

2022 even worse.
2022 GT2 AWD lease rebate is only $4,400, not even worth it to do a lease buyout.
2022 do have a 0% financing
But at current conditions, dealerships will not give much of a dealer discount on a 2022 due to: overall car market limited supplies, early in the year, mild refresh.
not sure what you can get on dealer discount on a 2022, but if I have to guess, 5% at most and you’ll be lucky

 

[JeffAsfbay]

2022 even worse.
2022 GT2 AWD lease rebate is only $4,400, not even worth it to do a lease buyout.
2022 do have a 0% financing
But at current conditions, dealerships will not give much of a dealer discount on a 2022 due to: overall car market limited supplies, early in the year, mild refresh.
not sure what you can get on dealer discount on a 2022, but if I have to guess, 5% at most and you’ll be lucky

I'm kind of in trooper1414's shoes. I've been waiting for the bigger Infotainment display and digital gauge/dash (2022 got me the first but not the second) so I figured I'd finally get one. But not now given current conditions! Yikes! Stinger doesn't sell very well so I was hoping it wouldn't be as impacted as other models but apparently Kia is hopeful that changes. Or perhaps dealerships are starving to death due to lack of inventory so they can't afford to give deals on *any* vehicle right now.

 

[trooper1414]

I'm kind of in trooper1414's shoes. I've been waiting for the bigger Infotainment display and digital gauge/dash (2022 got me the first but not the second) so I figured I'd finally get one. But not now given current conditions! Yikes! Stinger doesn't sell very well so I was hoping it wouldn't be as impacted as other models but apparently Kia is hopeful that changes. Or perhaps dealerships are starving to death due to lack of inventory so they can't afford to give deals on *any* vehicle right now.

Yeah I have been struggling to have any dealers workout any kind of a deal. At this point I am thinking I rather get a slightly used bmw m340i. Though my heart was set on the stinger

 

[JeffAsfbay]

Yeah I have been struggling to have any dealers workout any kind of a deal. At this point I am thinking I rather get a slightly used bmw m340i. Though my heart was set on the stinger

Let us know what happens - used cars are going to be up about 20% from pre-covid (that's what I've read anyway) so the m340i may be more than you are thinking. Also, I'd really suggest buying a warranty for it.

 

[iwantakiastinger]

Can i get some number for a lease on a gt line stinger rwd 2022 my zip code is 33029 in Florida and incentives The msrp on website states $38745
and what's the money factor, residual, and rates on it. And do dealers go by the edmunds price such as taxes monthly payments and etc.
for 48months/12kmiles gt line rwd. I look at the website and it says

• Starting Price:$38,745
• Credit Score:700 - 719

Incentives

---

• Kia US KMF Lease Cash- $400

Lease

• MSRP:$38,745
• Money Down:$0
• Terms:48 months/ 12000 miles
• Residual Value:$20,535
• Lease Acquisition Fee:$650
• Gross Capitalized Cost:$39,395
• Capitalized Cost Reduction:$400
• Adjusted Capitalized Cost:$38,995
• Depreciation Amount:$18,460
• Base Payment:$385
• Rent Charge:$74
• Estimated Monthly Payment Without Tax:$459

Estimated Taxes and Fees

• Location:33029
• State Tax:See Tax Disclaimers
• County Tax:See Tax Disclaimers
• Registration Fees:$107.62
• Title Fees:$77.25
• Total Fees:$184.87
• Estimated Monthly Payment With Tax: $463

 

[trooper1414]

Let us know what happens - used cars are going to be up about 20% from pre-covid (that's what I've read anyway) so the m340i may be more than you are thinking. Also, I'd really suggest buying a warranty for it.

Yep, honestly Jeff - I am still looking for a Stinger since I know it's the better bang for your buck. But the m340i is my back up. I recently sold my 328i after 6 years of ownership and no issues at all. The B58 platform is much more reliable than folks think. Still figuring out what's the max discount I can get on a stinger via lease buyout.

Also, maybe you can help me. I have someone local selling a Stinger with 13k miles 2019 GT2 for 39k, is that a decent deal?

 

[JeffAsfbay]

Yep, honestly Jeff - I am still looking for a Stinger since I know it's the better bang for your buck. But the m340i is my back up. I recently sold my 328i after 6 years of ownership and no issues at all. The B58 platform is much more reliable than folks think. Still figuring out what's the max discount I can get on a stinger via lease buyout.

Also, maybe you can help me. I have someone local selling a Stinger with 13k miles 2019 GT2 for 39k, is that a decent deal?

I am unfortunately not well-versed in what is a good deal on what isn't. My concern with these types of cars (more high-performance than your standard appliance car) is how well was it treated. And that's something we just can't know. I.e., did they break it in per the user manual? Does the Stinger continue to run oil to the turbo bearings after the engine is shut off? If not, does the owner remember to let it idle for 30 seconds at least for the turbos to spin down? Having said all that, $39k sounds like a decent price to me. Is the manufacturer's warranty transferable? If so then you've got some good assurance that it would get fixed if something breaks in the next two or three years.

Regarding how good this deal is, hopefully others will reply. I can note this much: there was a time where Stinger lease deals were offering $8000-$10,000 of lease cash, so if this person least it and received $9000 back plus they negotiated a discount from MSRP, then it could well be they're going to break even at that price.

But really it's the going rate that matters, not what kind of deal this particular individual got. If the car is local, I strongly recommend you get it inspected by someone who has seen a Stinger before.

PS I use dictation software so I apologize for the inevitable errors that I didn't catch and fix.

 

[turboAWD]

I'm not an expert, but I think a lot of the "break in per maual" and "turbo timer" stuff is old wisdom, and the newer turbo metallurgy tech can handle most "normal" usage - heck, Kia's giving a 100K warranty on those turbos, and they're in a hard-to-reach spot, so it'll cost them a lot to fix.

Plus - who runs the car full tilt, then parks and shuts it off within 30 seconds? I mean, I've got ~1-2 miles off the freeway through city streets to get to my house. Sure, once in a while that major artery road is empty enough to hit a bit of boost (at 2-3k rpm) for 2-3 seconds, but mostly, I'm running 2-4k rpm off boost for minimum 5 minutes before turning the car off. It takes me 30 seconds to back into my driveway at very low rpm. I guess if you're running at the strip or the track - but then, you're probably going to try to take care of your car a bit anyway? Very few enthusiasts abuse their car in ways that can be easily prevented.

Put a decent quality synthetic oil in there, change the oil regularly, and I doubt most of those will be an issue.

 

[trooper1414]

Anyone scored any deals on the stinger gt2 2022 lately, I'm still looking for one .. I would actually want a Scorpion edition if possible.

 

[MerlintheMad]

Anyone scored any deals on the stinger gt2 2022 lately, I'm still looking for one .. I would actually want a Scorpion edition if possible.

From what I read earlier today, only 250 Scorpion Edition were released; so that probably isn't going to happen, especially if you want to dicker down.

 

[trooper1414]

From what I read earlier today, only 250 Scorpion Edition were released; so that probably isn't going to happen, especially if you want to dicker down.

My understanding is 250 every month.

 

[MerlintheMad]

My understanding is 250 every month.

Ah, that would make it easy. Just order one and wait.

 

[trooper1414]

Ah, that would make it easy. Just order one and wait.

Yes, but I would like to know whats the best deal I can get. Dealers here are not budging below MSRP at all.

 

[Jjose8797]

Hello, does any one know if kia is still allowing a lease buyout now, August 2022. I'm considering purchasing one or leasing depending which has a better deal.

Anyone near zip 41042 have any info on good or the average adjusted cap cost off msrp.

 

[G-843607]

Hello, does any one know if kia is still allowing a lease buyout now, August 2022. I'm considering purchasing one or leasing depending which has a better deal.

Anyone near zip 41042 have any info on good or the average adjusted cap cost off msrp.

You mean you would buy out your own lease, right? If so, then I think the answer is "yes"... all of the recent changes by captives on lease buyouts are about third parties buying out the lease, not the original leasee (although I don't know if Hyundai/Kia allow third party buyouts or not).

 

[MerlintheMad]

Kia allows you to buyout the lease at any time. The thing that made it smart to lease with the intention of buyout right away was the big incentive off MSRP; which no longer exists.

 

[TStaino]

^^^this… the days of 10-12k lease incentives is long gone.

 

[thomas5986]

Kia allows you to buyout the lease at any time. The thing that made it smart to lease with the intention of buyout right away was the big incentive off MSRP; which no longer exists.

Thank goodness I bought my '21 last November. I got right at 12K off the sticker price.

 

[James Wong]

Hey everyone,
I'm new to the forum here. Will be moving to the USA for work on a H1B visa @ Bay area

Just wondering if it is possible to get a 24 month lease, considering I have 0 credit score.
Willing to do a one time payment lease. Do y'all think this is possible / recommended?

Thanks everyone!

 

[thomas5986]

2022 even worse.
2022 GT2 AWD lease rebate is only $4,400, not even worth it to do a lease buyout.
2022 do have a 0% financing
But at current conditions, dealerships will not give much of a dealer discount on a 2022 due to: overall car market limited supplies, early in the year, mild refresh.
not sure what you can get on dealer discount on a 2022, but if I have to guess, 5% at most and you’ll be lucky

I have a mint 21 that unfortunately I need to sell.