Stinger Lease Buyout in Florida

[ltjammer]

My lease is up in April. I leased the Stinger mainly because it was my first Kia and didn't know what to expect from the brand. This car has changed my mind. After 17K joyful miles, I will be buying it. A used 2020 GT2 for 24K is a great price in this crazy market. With that said, Florida is a dealer state. Meaning that you need a dealer's license to sell a vehicle, if more than 3 are sold in a year. Therefore Kia Finance cannot sell me the car, so I started the dreaded task of contacting dealers in the Central Florida area. I was astonished at the fees they want to charge. An inspection fee, dealer fee, pre-delivery fee etc. I was being quoted anywhere from $1400-$3000 to buyout the lease.

I called Kia Finance and asked them about the buyout process in Florida. They stated that a dealer is required for the buyout in Florida, but that they do not need to have a vehicle inspection. They stated that Florida dealers have been known to charge excessive fees for lease buyouts and recommended Tresl to handle the buyout. I contacted Tresl and they are able to handle the transaction in Florida for just the buyout price, plus taxes and state tag and title fees. They can finance the vehicle or I can use my own bank.

Anyway, I thought I would share this info.

 

[bfglitch]

SMH.....stealerships always trying to find a way to screw the customer. Glad Kia Finance was able to steer you towards a reputable dealership.

 

[ltjammer]

SMH.....stealerships always trying to find a way to screw the customer. Glad Kia Finance was able to steer you towards a reputable dealership.

Yeah, it is amazing that they do not know anything about the Consumer Leasing Act, which states ALL fees at buyout should be listed in the lease contract. They said the buyout is a new car sale so the contract is different and they can charge the fees. SMH. I even mentioned a few S FL dealerships involved in lawsuits for these fees at lease buyout and settling out of court. No one budged. Oh well Kia finance made it easy by recommending Tresl.

 

[Snowwhite]

thanks for that, I'm probably going to have to buy out my wife's car at the end of her lease unless the market gets much better before then.

 

[andre11x]

I just did a lease buyout on my 2020 GT2 in FL as well. Another option is Hollywood Kia in South Florida. They do not charge a dealer fee and it's where I got my lease. At first they tried to tell me I had to pay something but the second trip it was handled fine without any fees at all.