2019 Kia Stinger GT1 (TX)

Ask the Hackrs
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1

Greetings!

I am currently trying to lease a 2019 Stinger GT1 (or even a 2018 GT2) in Texas and have not been able to get to the price point I wanted. This is the best I have gotten so far - is this all I can do for a Stinger GT?

36/15K
MSRP $46,715
Sales Price $43200 (8%)
Drive-Off $1500
$532/mo
Maintenance & oil changes included

I plugged it into the calculator to roughly estimate what they were offering since I didn’t get a copy of the updated lease sheet. It is not exact, but pretty close.

2019 Stinger GT1 Calculator

Thoughts?

2

Texas sales tax is adding like $100 per month, right? Definitely ask for sales tax credits.

Is that the Kia buy rate MF? Seems high.

3

Eh, yea Texas sales tax on leases are just as broken as our craft beer laws.

However they did add in a tax credit (hence my using 1.5% rather than the full 6.25%). They had “capitalized taxes” around $550.00.

That MF is from Kia, yes. I got the information from one of the Kia forums.

2019
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1 Like
4

Sorry, I missed all of that, I guess the only hope to improve the deal is lower sales price then!

5

I would shoot for the GT2 I was getting quotes around 15% off MSRP with the extra lease cash it would be around the same price. You should be asking for a bigger discount off MSRP that is high. Also if you don’t mind 24 months they are offering more lease cash lower money factor and higher residual. You will get a better payment even with the shorter term.

6

Caps - are you saying 15% off msrp and the larger lease cash making this calculator accurate for a sub 500 payment on a GT2?

7

I think that is possible for a 24 month lease. The only mistake you made is you put the incentives as untaxable however you do need to pay tax on them, that adds around $500. I got them down to $550 per month with 2K drive off for a 36/12 but that was back when money factor was 0.00260 and lease cash was $6500 also I am in Florida with crazy dealer fees so 1K of those drive offs are dealer fees. This is for a RWD GT2. My payment included the 7% tax. I know you need to pay tax upfront so it will be more.

8

@CapsCup2018 I’m confused about this. Are you saying that you were getting 15% off MSRP by including or not including the lease cash? Also, was that for MY18 or 19?

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15% off before lease cash. This was for a 19. MSRP was around 53 discounted to 45 then incentives on top of that.

This is a rough estimate with the lease cash and money factor at the time.

10

@CapsCup2018 You did very good. I managed to get my friend 17% off MSRP before incentive for a 18 GT1 a few months ago. But so far, I only contacted 1 dealer and they were offering 2-3% off MSRP for a GT. You getting 15% for a GT2 gives me hope lol. How long did it take you to find that deal? And did you employ a specific approach?

11

It didn’t take that long but only 1 dealer was willing to play ball and they were 200 miles from me. You need to cast a wide net and be patient. This offer came after walking away and waiting a couple weeks I told them if they could meet my price give me a call. At month end they did. I ended up getting an S4 instead I got it for $630 per month. I liked the Kia but I liked the S4 a lot more for only $80 more per month. If you I have any more questions feel free to PM me.