Deal Check - 2019 Kia Forte LXS

Ask the Hackrs
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1

Region: CA-Socal
2019 Kia Forte LXS
MSRP: $20,115
Residual Value: $11,867.85
Miles per year: 12,000
Lease term: 24 months
Incentives: ~$657
Monthly: $139 (excludes socal tax)
Down payment: $2000.00

The drive off is reduced by the incentive, I was informed they could wave the acquisition/document fees. Seems like a decent deal ~$235 per month (taking into account the 2k down payment, and ~9% taxes). I’ve never leased before, so I wanted to get some outside eyes on this. The deal can be found here: https://www.kia.com/us/en/offers/2019/90001?series=forte&offers=3,2,1,4 . The weird thing is, when I go to their “Calculate Payments” page online, the monthly payment goes from $139 to $195, could it be that their tool doesn’t take the deal into account? Any thoughts on this deal?

2

Leased an LXS for my daughter. MSRP was $20,290. Did a $0 DAS lease, 36/10. $204.50/mo. In NJ.

3

Interesting, did they knock anything off for going 10k/year rather than 12k/year?

4

A higher residual 1%

5

I see. What about fees? Were you charged any documentation/transportation/title etc fees? Sorry for all the questions, I’m new to leasing.

7

Hi mlov1022

I am looking to lease in NJ.

Could you please share the numbers and dealer information?

Thanks!