You’re misinformed on how those other vehicles lease and trying to convince yourself that $700 for a telluride is a good deal. It isn’t.
There are numerous brokers here offering several of those vehicles for quite a bit under $700 with $0 das.
Hi Guys. I’m a total noob and trying to learn.
I’m interested in a Telluride lease and I’d love your input. I was really looking for an EX trim but the initial lease quote I got was:
36 months 10k per year
$3,000 down including CT taxes and fees
$505 per month
I know those details are sparse but this is what I got over email. Does this even give enough info to know if it’s worth pursuing?
Apart from that, there is the standard one out now for the LX which looks like this:
Payment amount: $315.47 Per Month
Due at signing: $4,470.47
Length of term: 36 Months
Security deposit: 0.00
Total lease payments: $11,356.92
Down payment: $3,505.00
Disposition fee: $400.00
Acquisition fee: $650.00
Purchase option at end of lease term: $22,785.75
Annual mileage allowance: 10,000
Per mile charge over annual allowance: $0.20
Like I said, I have been interested in the LX but it just seems like a lot.
Reading on the forum here got me thinking of the Palisade so here’s what I found:
Payment amount: $363.14 Per Month
Due at signing: $3,845.14
Length of term: 36 Months
Security deposit: 0.00
Total lease payments: $13,073.04
Down payment: $3,482.00
Disposition fee: $400.00
Acquisition fee: $650.00
Purchase option at end of lease term: $22,288.00
Annual mileage allowance: 10,000
Per mile charge over annual allowance: $0.20
Again, I apologize for being new with this but I really appreciate any input you have 
Start by going to Edmunds and gathering the RV/MF/incentives for both trim levels. Your goal after that is to try to identify a dealer that will discount as much as possible. This is harder on the telluride than the palisade. Use the Edmunds info to calculate payments for a variety of discounts to give you an idea of what to target and what will get you where
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Auto Lease Guide (ALG) for my finance company showed residual at 51% for 2020 telluride sx.
So I was looking into another option for payments when buying or leasing this car.
Credit union by me has these “lease like loans” with a balloon payment at end of loan that is = to residual value… they use ALG to calculate and RV for 36 months was 51% there was no input for mileage. Could this be a reason for the leases being soo expensive?
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These leases are so expensive because dealers are still charging over MSRP, incentives are limited, and MF is on the higher side.
Yes for sure. Was quoted a purchase price 4K higher than sticker today Long Island NY
I’m still baffled at dealers doing this for this vehicle.
Never thought I’d live to see the day when Kia/Huyndai (I can’t spell Hyundai) cars sell at or over MSRP.
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I’m amazed how many people on the palisade forums paid $8k+ more then me for the same car and act like the dealers did them a favor.
I am very confused by the figures here.
It is mad. It’s a great car, I planned on getting one until I saw the prices.
When you can get a Volvo XC90 for a couple of hundred bucks less a month, it’s impossible to justify.
The Kia is a better car in my eyes too. Behind the two front seats anyway for sure
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Quality doesn’t justify the lease deals when comparing to the luxury suvs
I was quoted like 4K down and 700 a month and I told the sales person I could get any luxury suv for that and he admitted they do not lease well.
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Agreed and I admit I’m becoming more and more of a Hyundai/Kia fanboy after my genesis sedan lease. This is a great example of an automotive company pilfering some great leadership from BMW and Audi, doing an inordinate amount of research to understand what their customer wants and when, and then just working harder than anyone else to get there. Read the new Car and Driver comparison of the Telluride against the new Explorer.
" It probably took a massive effort on Kia’s part to deliver this knockout, but the Telluride’s win appears effortless."
This is against ford, who has been making mast market SUVs since at lease the 60’s. I would never pay over sticker for any mass market vehicle but I have driven both the Telluride/Palisades and the fit/finish, quality of the interior, and quietness is very impressive. Will it sill be as tight in 5 years who knows but those SUVs hit at least one level above their price point.
I see them around a lot lately , a mix of both! I only wish they had a more powerful engine option! For $550 or less a month they are a large tech rich vehicle!
I’m sure they are great cars, but I’ll take XC90 at discount over Kia at over sticker for about the same payments. And a Volvo will not be stripped down vs. loaded Kia
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I’ve been shopping around for a XC90 and the main reasons I have to pass up the XC90 in lieu of the Palisade is because the third row is not only not power folding, but there aren’t even any straps to pull it back up, essentially making it a very difficult struggle. Also, the 6 seater with captains chairs 2nd row has no interior side arm rests. 2 big flaws/oversight to me, especially in a luxury vehicle. I really wanted to like it, especially because I love my 2019 XC60.
I can’t argue against that they way they are currently leasing but if it was a 1% deal for a 45K Telluride or a 1% deal on a 65K XC90 I would seriously consider the Telluride.
It’s because your payments would be $200/mo lower. So it becomes about money and not about value for the money 
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Just got another quote on an SX 36/12 and they wanted $2500 DAS and $689/mo.
I guess good for them if people are paying that but I think I saw the same deal on an $88k X5M 50i just today.
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It’s highly unlikely you saw that deal at all