Kia Seltos S Lease: Is this good deal?

Ask the Hackrs
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1

I am getting this deal in NJ. Please advice if this is good:
Kia Seltos S, 36mons/12k per year
$331 pm, DAS: $2772
msrp: $26170
money factor: 0.001830

Residual: $16,749

2

Whats the selling price and how does it compare to comp deals?

3

i dont see selling price in offer. just msrp was given and residual was given

4

Your best bet then is to set a target price first and use that number to compare this offer against.

5

Looks like a straight MSRP deal with no MF markup or add-ons. I inputted the numbers into the calculator for reference, assuming 6.625% tax and $500 doc fee, which reflects the average NJ doc fee:

The buy rate is .00183 and there’s $500 in lease cash on that car.

6

thanks for the review. Now it is more clear.