They do but this is in addition to the standard doc fee. This is just a BS add on.
Yes and no. The discount is the problem, and you did highlight it, but also started talking about your $587 a month payment. Divide your money down over 24 months and itâs not nearly as far off his as this makes it sound to someone coming in and reading this that doesnât know what theyâre looking at. I know that you know the difference but for new people in here, it can be misleading.
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They are crap and I wouldnât pay that. I just decided to go with another car so I never pushed to get it removed. Also regarding the difference in incentive mine is a 36 month lease yours is a 24 I believe the incentive is higher for 24
True, however based on the OPâs response it looks like he understood exactly what I was saying.
I just wanted to post that I messed up in my original post about the $650 acquisition fee. It was hidden in the quote (they just didnât include a line item for it which is very sneaky).
HELP!!!
About to lease a 2020 GT2. Not sure if this is a good deal or not. Itâs a demo vehicle with 5800 miles on it also has the Stillen exhaust and air intake mods.
Find the money factor the dealership is applying and if itâs base
Figure out the residual percentage
Find out what incentives you qualify for
Find out if the add ons are reaidualized, otherwise youâre just paying for them which is stupid since you canât sell the parts separately at lease end (youâre just paying for them).
Looks like the âdownâ is cap cost reduction, which you shouldnât necessarily do on a lease)
The stinger doesnât lease super well because of the residual. Consider getting an m340i from the broker section, unless youâre really set on the stinger
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Stinger leases pretty much only make sense when youâre doing it to immediately purchase because you want the larger lease incentives. This one either has no incentives, or theyâre all rolled into that discount. Either way, that makes it a particularly poor deal. This looks worse than what I have seen leases on new stingers be, and even those are attrocious.
OP here. As just mentioned, you should NOT be leasing a Stinger unless itâs for immediate buyout. I said as much in the original post as well.
The lease+buyout deal is solid though imho. I did end up doing it. Hop over to one of the stinger forums to get assistance if you want to pursue that. Most folks here will just look at it, and knee-jerk with âthat sucksâ because theyâre tuned to looking at the leasehackr score or monthly payment or money-factor, all of which are not applicable for a lease+buyout.
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Side note: Doug just bought a brand new, 2018 Stinger GT2, with bumper to bumper factory warranty, for $37k.
Sounds true for a buy and hold scenario. For selling after few years the high depreciation would hurt you just like a lease, but with the added cost of paying full sales tax in the states where you only pay tax on lease payments.
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Great callout. And hereâs the crazy thing: with the lease+buyout, you probably can snag a 2020 Stinger GT2 AWD (I believe he got AWD) for $38k.
If you can find a '19 it would be the best thing to do now, I think it runs around $12k on incentives.
Be aware that you still pay rent charge even immediately buying out after a month, although the rent charge is adjusted as Cap*MF. Then thereâs a termination fee, I think itâs $300
I agree. If the goal really is to sell after 3 years, taxes kill the deal. But in general, Iâm usually trying to convince buy-and-hold people to do the lease+buyout. For the folks that really just want to lease, the simple answer is: âDonât get a Stingerâ.
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Can you explain the reasoning behind leasing it and buying it out immediately?
TLDR: Kia provides a large cash rebate on leases, but has terrible lease terms (residual, money factor). So you want to take advantage of the former, without suffering the latter.
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