KIA Stinger GT 2019 Lease Deal

Ask the Hackrs
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1

Kia Stinger GT 2019 lease:
Virginia area (DC,VA,MD)

MSRP: $42.495
Selling Price: $29,200
$0 DAS
Residual 48%
MF = 0.223%
Monthly payment: $480
36months/10k

Is it worth getting this one? I loved the performance of the car. It drove really well.
For some reason payments seem to be high. Where and how can I negotiate ?

But the first question that needs to be cleared away is if its worth getting this one.

I might want to change cars after a couple of years, how much can I expect to get for it Vroom, carvana etcetera?

2

What is the mf actually? 0.00223? Or 0.00001?

3

With that selling price I would definitely leased it and then financed after couple of months. Search early buy out thread of MDX on this forum.

4

Va kills you with the taxes on the full cost of lease so just get a bank to cut you a check and pay it off so you own it. Don’t have to pay taxes twice

5

You will not pay tax again if purchase your car after lease.

6

The dealer said 0.223 and I am guessing he meant 0.223%. And I think it’s quite high and I am not sure If I can negotiate on that.

7

I am sorry can you explain that? What if I plan to get into another car? Would this be the way to do that? Buy it and sell it again?

8

Wow, google how to switch MF to APR.

9

Yeah it is multiplied by 2400. so 0.00223*2400 = 5.352% APR

10

If you like this particular car me personally would take advantage of lease vs purchase incentive and then financed it.

11

MF isn’t expressed as a percentage, so it’s far more likely they meant .00223. Otherwise your payment would be sub $300.

12

I’ll try to square away this confusion. As of now, the Leasehackr score is 8.3 years. I am gonna try to get close to 10 and one of the ways is to negotiate further on the price or negotiate on the MF.

Also, how would the lease-buyout work to let me get out of the lease?

13

Leasehackr score is irrelevant. It’s not a good metric for a lease. With the stinger, generally the thing to do is use the lease incentives to start a lease and then immediately buy it out.

MF can’t be negotiated below buy rate, so you need to figure out what that is before looking at negotiating that.

1 Like
14

What are the incentives on this car? At the end of the day, you are going to have to decide for yourself whether paying $480 a month for a Kia is worth it.
Forget about the leasehacker score.

15

Agreed and not even the fully loaded Kia! Sticker is 42k

16

@qasim216 - Did you end up getting the car?