Hi all,
Looking to lease a Kia Telluride, 3 years/10k miles. Currently in Michigan but will be registering the car in Illinois.
Went to look at a Telluride today and found one I like. Sticker is 43k. Im looking to pay about 500 a month. This is what the dealer sent to me. No down preferably, open to paying all taxes and fees up front. Any help would be appreciated and thank you in advance!
Read this thread; it’s not very long.
A Telluride is a Type C.
Interesting, thanks for the reply.
The other car I’m looking at is the Mazda CX90. What are your thoughts on that? Hopefully not another C 
The PHEV is the one to lease as long as you’re getting a discount similar to Marketplace and Signed Deals & Tips
Another n00b here with a Telluride question - which came up in the thread you linked but still is confusing to me somewhat: What exactly makes the Telluride a Type C?
On the Pre-Negotiated Deals page I am seeing a Telluride for $385/mo 36/10000 $2000 down plus service fee. This seems like a pretty hot deal considering I’ve seem some people on other forums ask if they’re getting a good deal leasing a Telly for upwards of $500. Further, it seems that these vehicles have a pretty decent RV - 71 according to one online source but in reality it seems they’re holding on much higher. My n00b understanding is that the higher the RV the lower the monthly lease payment = better deal.
Is there something in general that makes the Telly a bad lease option? Is it in part because they are holding their value? They seem to be highly reviewed and rated otherwise.
Any input/advice appreciated.
Click the calculator links for more details
What’s the selling price of the car in the calculator?
What’s the total cost of the lease? How much does it cost over 72 months to do successive leases?
Does it make sense to spend that total and gain little-to-no equity vs buying it? How much equity are you leaving on the table?
Are you referring to residual value (which is set by the bank and is clearly listed at 73% in the calc for that deal) or real-world resale value?
I agree, I think that deal is quite respectable.
RV. I got the 71 figure from CarEdge. On Edmunds I’m seeing anywhere from 66-73 to 70 seems to be about average. But yes I missed the 73 number from that deal, thanks for pointing that out.
And I also understand that RV and resale value are two different concepts but, at least to my novice mind anyway, there is at least some correlation. 73 or even 70 look to be pretty decent RV’s and anecdotally from what I’m seeing these are holding their resell value well.
Thanks. I am playing around with it now.
The biggest challenge for me at this stage is reconciling the divergent generalizations that:
A. The Telluride is a Type C (bad lease) vehicle
with
B. A good or bad lease is all dependent on the numbers and not the vehicle
There isn’t an “average” for RV (residual value). There is a single value for a specific model, trim, lease duration, and mileage limit.
There is frequently no correlation at all. The Chevy EVs w/ RVs in the 70s are presumably not going to have a real-world resale value anywhere close to that.
I’m looking at the various trims, locations, and terms (e.g. 24 mo. vs. 36 mo.), seeing the different RV’s across the spectrum, and noting an approximate average.
“Frequently” seems vague to me and also implies that at least some of time, there is correlation. With the understanding that “some of the time” is also vague. For the purposes of this discussion anyway, as it relates to the Telluride specifically, there “seems” to be some correlation. But again I’m still learning so appreciate all the help and guidance.
What is there to reconcile?
The quality or the reputation of the vehicle is reflected in its value retention in real life. The higher the resale value, the lower the net spend to own it.
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