Deal check: 2025 Kia Carnival SXP (gas)

ive never leased a car with trading in a vehicle with 14k in positive equity.

a few things have changed since i screenshot these: they are removing the charges for the $442 floor mats, the $1200 windshield protection, the $500 anti theft. which should bring the agreed selling price to $53k vs $55k

i have to have a minivan (7kids in tow)
my odyssey is unreliable and honda can’t repair it (no parts available-warranty)
the kia dealership knows this (they also own the honda dealership here)

26k trade in is more than i’ve been offered from carmax & carvana etc…

ive had a 2021 sienna and i hated it. we traded it for the odyssey.





This is probably the worst deal I’ve ever seen RUN AWAY from this. Please do not sign.

You’re paying 25k to drive a Kia Minivan for 24months.

Any advice?

how did you figure that? total monthly payments are 11k?

Advice would be to sell your Honda outright for top dollar then work the lease deal as standalone.

13k on your trade plus the 12k in payments. I know these don’t lease well, but I would look at the plugin and get all Californias EV money.

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So the 14k positive equity isn’t actually helping?

26k trade in is more than carmax carvana etc offered to purchase outright :man_shrugging: by a few thousand dollars

I know these are going for around $900 a month with inceptions DAS. So your trade equity is helping. I sat in a few when we snagged a Sorrento SXP Plugin, and i couldnt justify the payment. If your dead set its not a horrible deal but i cant see using positive equity from a crazy reliable car to get into a unreliable car with footrests.

It is helping, but that’s money in your pocket thats gone after the lease is up. Just buy it at that point.

my honda is not reliable at all, thats the only reason we are trading it. it needs a new engine wiring harness, the part isn’t available to repair and its been this way since September :sob: and just dealing with honda corporate and the local dealers is a headache :face_holding_back_tears: they wont give me a loaner or anything. its also got some other issues that honda cannot fix.

We might after the 2yr lease is up, but rates to buy are high (6.99%)

Then you’d be spending 25k for the lease + (37k + sales tax) to buyout at likely an even higher interest rate.

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Then you’ll be shocked when you try to finance the buyout at used car loan rates.

im hoping rates go down…

my ody is financed at 4% from 2021 when we got it at carmax.

Ok but that’s not a plan.
Add up the rent charge on the lease and acq fee and see if you’re actually saving money by leasing first and financing second.

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