Hello everyone,
Got the attached proposal for a sorento hybrid sx. We currently in a 22 Tiguan se with panoramic roof lease and our last payment if December of this year. We only have 3k miles left before we go over miles. Our current payment is $476/mth and I know this sorento is a lot more car but $594ish seems high. Any input would be appreciated.
Well won’t let me attach as a new user lol but this is the breakdown column they gave me
Market Value: $48,910.00
Discount: $3,000.00
Selling Price: $45,910.00
Total Purchase: $45,910.00
Trade Allowance: ($0.00)
Trade Difference $45,910.00
Electronic Filling Fee: $60.50
State Inspection: $13.60
Administrative Fee: $799.50
Military Rebate: $0.00
Registration: $46.25
Title Fee: $66.75
Plate Fee: $1.00
Acquisition Fee: $650.00
Total Price: $47,021.65
Trade Payoff: $0.00
Rebate: ($2,750.00)
Cash Down: ($0.00)
Balance: $44,271.65
Payment is this
Lease Payment Estimated
That’s what I figured but in the proposal Kia gave “discount” of $3000 from MSRP but of course after fees it was almost right at what MSRP would be after the Kia “discount”
target $1,500-$2k off MSRP PLUS rebates
ask them what the money factor is → become a super supporter and see what buy rate is
dont pay for any dealer installed accessories (nitrogen, tints, any other b/s that’s not on the window sticker)
(this would be for CA, turns out your region is a bit more loose with kia discounts)
I got confused on the post tbh → CA and your region are pretty different
adjust your tax rates, here’s what the deal should look like
looks like you got $3k off msrp + rebates, actually solid
Ah ok thank you for the responses it has been helpful. If I may, what would be considered a great money factor? I’ll ask tomorrow and see if they could take off 2k from the MSRP
Lol yea I’m in NC and so the deal seems like a good deal? Or should I push for lower price. I was ideally wanting a monthly payment close to $500 Joel+Puerto+Proposal.pdf (106.3 KB)
That doc fee is very high but I do not know the norm in your region, in CA, it is capped at $85. The deal looks like it’s a buy rate & the range they give is “good credit through bad credit, I.e. tier 1-6”
Ah ok so sounds like if I can get the money factor lower then it would improve. I also have tier 1 credit over 840 score. But at least this provide me information to curb my expectations. Seems a more realistic monthly price would be $550 total with the 7% tax that is added to payments
My buyout is 23800. However the dealer manager said he had the VW dealer willing to give $20k for the car and we just cut them a check of 3800 and then we can walk away from the VW lease.
+ the rebate