Deal Check: 2021 Kia Seltos SX $2,000 DAS $297/Month (36/12k)

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2021 Kia Seltos SX Turbo AWD
MSRP: $29,485
Dealer Offer: $27,485 (not incl. taxes/fees)
RV: 65%
MF: .00127
Offer is $297/month with $2000 DAS.

Dealer is also wanting to buy out/take possession of my current lease which is a 2018 Dodge Durango SXT Blacktop AWD. Buyout price is $23,328.25 plus the six months of remaining payments (6 x $372 = $2,232).

Any thoughts are appreciated!

How much did carvana, shift, vroom, and algo offer for it?

Carvana offered $24,790 for the 2018 Durango which is a net cash offer of (- $770). Carmax on Edmunds appraisal was $23,300.

How much are they rolling into new lease? How does MF compare to what Edmunds says it should be? Any incentives in that $2k discount?

Have you gotten your actual buyout amount from your finance company?

The sales manager was adamant that they are not rolling they outstanding payments into the new lease and that they would buy out the car to resell. The $2000 discount off the MSRP is including the available $500 incentive.

The MF I posted is what I got off Edmunds. The sales manager was not forthcoming with any more concrete figures so I won’t know until I go back and get a leasing disclosure and itemization.

2020 Hyundai Kona Ultimate AWD would be a comparable car for around $274 with $2k DAS and everything rolled in for NJ. But if you like Kia styling better then get that.

LX or SX? Title and body of this thread don’t match

There’s another recent Seltos deal you should compare to

SX, my bad. Post is fixed now.

Thanks for the recommendation. I am leaning in favor of the Seltos over the Kona based on styling.

What dealer was offering this deal to you in NJ?

Liberty KIA in Ramsey, NJ. I actually did sign with them. I’ll post the exact numbers once I have the copy of the lease contract since I can’t remember exactly off the top of my head.

I will say that they were upfront and honest. No hidden fees or scam fees like VIN Etch or “Dealer Prep.” Only fees I paid were the Doc fee and DMV fees.

Great thank you. I’m gonna look to make a deal with them once they receive more inventory

Please let us know, am also shopping for sx 2021,looking for a payment under 300