2024 Kia EV 6 Gt Line AWD lease $o down $o DAS for 649/Month 24/15K miles

Signed Deals & Tips
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1

From a dealer in KY I was told this was an Incentivized Lease and I requested $0 down and $0 DAS
They offered:
24 months / 15 K miles / $649.00
First month paid in by dealer, so I am only paying 649X23 for the Lease $14,927.00

Vehicle: Kia EV6 2024 GT-Line AWD - Steel Grey Matte Paint with Suede seat

MSRP $60,450
Discount $3,780
Selling price $55,670
KIA Rebate $7500

Amount due at Signing:
Kia EV lease credit: $7500.00
First Month Payment $649
PROC DOC FEE $495
Total DAS 8,644.45

Total Payment at end of lease: $23,981.80

Itemized Cap Costs:
Agreed Value 57,800.00
Sales Use Tax $1,018.74
Int/Ext Protection $399.00
Aquisition fee $ 650.00

Gross Cap Cost $59,867.14
Cap Cost reduction: $7500.00
Adjj cap Cost : $52,367.00
RESIDUAL VALUE $38,083.50
Depreciation $14,284.24
Rent charge: $1,302.56
Total Monthly payments: $15,586.00
Lease Payment : 24
Base Monthly: 649.45

I am out of pocket nothing just start payments at Payment #2…

Does this sound right?

2

I’m seeing these discounted ~12% by me in Indiana right now with pretty much no negotiating

3

This looks very high

2 Likes
4

Not sure why you are asking this question on a signed deal.

1 Like
5

i am asking because all the dealers locally in Ga wont come close to this the best is this same deal with 3000 down. most dealers want 800/month.

Am I missing something? I checked the numbers but it seemed extremely weird that the cost factor comes out to .006?
I am new to leasing and feel like I am missing something on how they set depreciation to make a deal look right to a customer.

6

That’s what I thought but then not one dealer locally in GA would do a deal for same car for for less than 800/month.WHat am I missing here?

is it the extremely high Risual value that looks bad

7

I checked it against other calculators and its a 6.25% discount on the car.and with a Zero DAS. rolling in GA Lease TAX of 7% and the dealer add-in for 449 for their PProtect. Its fairly straight forward.

Money factor of 0006 due to Kia Lease incentive program so not bad.

8

My discount was 6.25 I haven’t seen much higher on this model locally in georgia. Who in Indiana is discounting that high on a 2024 already? sign me up!

9

So about 5.5% off. Seems high

10

Dont forget to knock that down for the add ons.

11

what add ons? the 449?

12

Yah, that knocks you down to about 5.5%

13

my first lease so still learning the ins and outs

14

I have tried 3 dealers here in Atlanta and no-one will go below 700/month without 3k cash down on 15 K miles. I could get close to 649 with 10K miles but at .20c a mile and a 15K yearly commute I am already going to be on the edge of having to pay something at turn in so I didn’t trust the sales guy that said " they never charge ya"

15

The thing with aggressive deals is most dealers will say no. If every dealer will do the deal, youve left a lot of meat on the bone.

Further, are you asking these dealers how much they want you to pay and those are the numbers youre getting or are you making them offers and theyre saying “no”?

16

I asked for 600/mnth 2yr/15k and they came back with "if you put money down maybe we can get there

17

What % discount gets you there?

18

Bottom line is I though this was a good time to hit Kia dealers with the slump in EV sales and the on slaught of other choices but was super surprised about ATL area. Mid-west seems like lots of dealers are discounting from the MSRP. Here the 3 dealers all add on a Dealer PP for between $1695-$2395. I got both to drop their mark up but as far as discounting further they apparently won’t. OR they are getting a different credit rating than the deal in KY and arent passing on the Kia incentivized lease at .0006

19

So did you sign the deal or not?

20

according to lease calc 8% percent off my 60,450 MSRP would be a 600 with sale deal structure.