'25 EV6 Deal Check

Ask the Hackrs
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1

I live in NorCal and I am considering buying from a dealer in CO Springs as they have the color I want. The deal looks good but Residual is a low. They are using 40% when the rate tracker says it should be 49%. I am going to purchase it right after leasing so I can get the $22k rebates and discount. Since I plan to buy, does it really matter what residual they use? Money factor is high (.00300 vs .00218) so I need to work on that. Calculator link below. Appreciate any comments. TIA

2

Is it a loaner? RV is set by the bank and not negotiable by you or dealer. There are adjustments for existing miles though which can lower the residual. Wondering if that’s the case here.

EDIT: Did they quote you a 39 month by mistake? 39mo/10k is a 40% residual.

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3

I do not believe so and will check today. They had swirly numbers and hopefully my final offer lands them to change the numbers to the Kia recommended numbers for CO. I will post a new calculator later today. I appreciate the help. TIA.

4

I’m also in the market for an ev6, but I don’t see any incentives and rebates totaling 22k on rate finder for the gt-line awd… where’s the extra 5k on top of 18k coming from?

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5

Hopefully it works out! I’ve always dreaded dealing with Kia dealerships; they are always difficult or have too many add on charges in my experience.

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6

Are you doing that because that dealer is showing much higher incentives (due to the Colorado specific ones that wouldn’t apply to you as a CA resident)?

7

I’m also in the market for an ev6, but I don’t see any incentives and rebates totaling 22k on rate finder for the gt-line awd… where’s the extra 5k on top of 18k coming from?

The dealer has a discount of $1,823. Veteran $500. The rest ‭$1,577‬ I am asking for. They inflated the MF, so not sure I will get to $22k but I think we are close.

8

Are you doing that because that dealer is showing much higher incentives (due to the Colorado specific ones that wouldn’t apply to you as a CA resident)?

I believe they are similar. One it’s the color and two they are discount more.

9

If you’re planning to buy out the lease immediately, wouldn’t MF not matter?

10

Probably but I am not an expert here. If buying out, would you still be paying the APR imbedded in the 36-month lease payments? That is how my Genesis GV60 & Audi Q3 is when doing a buyout 6-10 month before lease end.

11

You’re sure you paid the unearned rent charge for those two cars?

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I did not buy them. I will be returning both. When I requested buy-out of those two leases, those were the figures I was presented.

13

I don’t want to deviate too much from your original question, but you may wish to check your contracts for both cars to see how the formula for a lease buyout is defined. My understanding is that a buyout does not involve unearned rent charges (but an early termination would).

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14

No, you do not pay unearned rent on a buy out.

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