Trying to work a deal with the local Kia dealer on an EV9 GT-Line. The payment for a convention 36 month lease matches the Rate Findr numbers but they are way off for the one pay option which Rate Findr shows a money factor of -0.0005 and residual of 58% and the dealer is at 0.00175 but with a better residual of 65% for a 10,000 mile lease.
Is the -0.0005 money factor correct? That would make the one pay option much more attractive! Willing to travel to get a better deal on the lease.
Dunno about the - MF (Which is impossible) but
That might not be a Kia lease.
Kia for the GT-Line is more like 58% / 0.00241.
Your 65 / 00175 might be Ally?
Edmunds confirms this (Though they say 57%)
@Trapman Your comment about differing RV doesn’t make sense. Doing a one-pay lease doesn’t affect the RV at all.
I understand that. That’s why I’m asking which set of numbers are correct.
Differing RVs mean either different banks or the higher RV is a 24m or 27m term.
Both are are for 36 month, 10,000 mile per year terms. I think I need to rephrase my question to where does Lease Hackr get their numbers for Rate Hackr.
It pulls it from the Banks, (There’s an api beneath it) , but it looks like Onepay is broke.
If you are using Ally or US Bank then that might explain why the RV/MF is wrong.
KMF numbers can be different from CULA, ALLY or USB numbers.
Also: no mix and match. You cannot choose one lender’s RV and another lender’s MF.
Yes, also understood. What I want to know is if the -0.0005 money factor is correct because that lowers the payment significantly. I figured it would be better to have a better reply to the dealer than “well the Lease Hackr website says this…”
I actually just got a quote from my dealer for a GT Line one-pay lease, if this helps:
36 month, 10k miles, sales price: $74,865
RV: 58%, or $43,860 (this WAS 59% pre-1/2, but is now 58%)
Money Factor: 0.00241
$7,500 working cash
663 additional cap costs, $4370 sales tax (Washington state), 1300 annual fees, 218 initial fees.
Total one pay amount: $40,414.91, which works out to ~$1,123 a month. This seems pretty high to me.
Working with them, they realized their error and applied a 0.00040 reduction. Last month’s one-pay reduction was 0.00140, but not sure if this months has really been dropped to 0.00040…
I was looking at doing the same but if they dropped the one pay to .0004 then I think I’m out.
did you get the deal @Redmumba ? I’m also looking for an EV9 in Washington. numbers look pretty high now.
A dealership in Kirkland quote me a Land with MF 0.00276
I wasn’t able to get any lower, so I suspect this was mostly for the end of year. I ended up just financing.
I went through Car Pros Kia in Renton; Lee Johnson and the one in Everett were… kind of slimy. Kept “forgetting” things even when doing the one pay. CP were the only ones who didn’t give me a hard time.
Interesting! thank you for sharing… I’m dealing with exactly the same dealerships you mentioned. At Car Pros Kia Renton they told me yesterday “with all due respect, we are not in the business of loosing money” lol… they really want to make me pay 1k for a 78k car, I’m paying 1k for my audi e-tron fully loaded which is a 92k car.
I don’t get it… I think MF is crazy high these days for that particular car. They are playing with the hype of the new launch, on the other hand, they are overloaded with inventory so I’m not sure, perhaps lease deals start to drop in a couple of months.
How much discount is required to get you to the price you think you should be at?
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