Deal Check - 2025 Kia EV9 GT-Line (Illinois)

Ask the Hackrs Buy/Finance
1

IL Dealership
36 month lease
Monthly payment $647.62
MRSP $78,500
Selling Price $64,122
12,000 miles per year
$45,972 option to purchase at end of lease
Leasehackr shows Money Factor of .00282 (6.77% APR)

Thanks,
Also the “residual value” of taking the selling price less payments is $40,808 but the option to purchase is $45,972. Is that $5,164 imply a bad deal?

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2

No, that doesn’t imply anything. That number is roughly taxes, fees and interest.

Post your best attempt at the LH calculator.

3

Northern Illinois
Wisconsin Taxes
$13k Kia Incentive
$4k Dealer Discount
This is information entered from their website calculator put into Leasehackr’s calc. to mirror the same numbers.

Here is a pdf of the dealer’s cal summary. They keep adding a downpayment even though I state zero down.

Kia EV9 for sale in McHenry.pdf (743.1 KB)

4

There is no down payment or any out-of-pocket money due at signing according to the dealer worksheet. I did confirm all of the dealer’s calculations. All fees, including first payment, are capitalized. The 2145.57 down payment is piss poor terminology as it is very misleading. It actually reflects the amount capitalized in excess of the 650-acquisition fee…

( 63776.57 - 650.00) - 60981.00 = 2145.57

2145.57 = 853.15 + 735.22 + 557.20

Total capitalized fees = 2145.57 + 650.00 = 2795.57

60981 + 2795.57 = 63776.57

OR

SP + Capped fees - Cap reduction = Adj. Cap

73981.00 + 2795.57 - 13000.00 = 63776.57

Bottom line: zero drive off followed by 23 monthly payments of 853.15 each

If you would like to see all calculations in detail, I would be happy to provide them.

??? Let me know.

5

Did the discounts get that bad on this? FYI have a friend who got a Land for 580/mo (taxes included, $0 down) in December at McHenry. Not apples to apples but the dealer discount was close to 10k

6

Don’t know. Not sure what competitive pricing is in your market. The 3999 dealer discount is 5.1% off MSRP. That seems weak to me. FYI- your MF = .00203. Don’t know whether that’s marked up or not. You may want to check
2025 Kia EV9 Lease Deals, Incentives, Rebates, and Prices — Car Forums at Edmunds.com for the MF buy rate as well as rebates/incentives… You’ll need to be registered. Provide the trim, lease term, annual mileage, and zip code.

7

Did you end up getting this car?

8

no, the dealership, Castle Kia in McHenry, IL gave a bad vibe. Plus they tried to add all the coatings and other bs to the deal. Which is insulting.

9

I have and am having the same experience at other Kia dealerships all over. It’s not good. I’d been looking at that exact car there. Someone (neither of us clearly) bought it.