Hi All,
First time poster here. I’ve been looking for a loaded EV6 and contacted about 5 dealerships in the SoCal area. After quite some forth and backs the best I got so far is:
MSRP: $59650
Dealer Price - $53212
Residual - $37579
The deal is coming out to $2500 DAS for 24 months and 10K miles / year, with a monthly payment of $400 (10% sales tax included).
Does this sound like a decent deal?
What was your calculated target payment? Also, much easier to review if you put in the LH calc.
You also might want to ask about drive off cost. Unless otherwise specified they are on top of your down payment which can change the entire equation of your overall cost of lease.
He said 2500 DAS.
The drive off is 2500. Do you think this is a decent deal? The LH cacl is attached lower
Here you go, first time doing this and tried my best to reflect the final numbers: CALCULATOR | LEASEHACKR
If you were trying to get calc to match the deal you were given you aren’t even close to the 400 inc tax with 2500 DAS.
I messed with it a bit to get there with a 11.5% MSRP discount…but you should really search deals on this site to see what discounts others are getting and you can play with calc to come up with your own target.
Yeah indeed yours looks closer. Please forgive my stupid question, since this is my first time leasing a car, I was primarily paying attention to the total cost over the lease period, for example in this case 12k over 24 month. Am I missing something this way? I don’t really care about buyout option as I don’t plan on keeping the car after the lease.
Do you know the incentives? There should be $10,800 in lease cash and potentially $1500 in Kia summer savings (VIN specific). But the $6500 discount is excellent. Unless they are counting some of the other incentives and it isn’t really $6500 off.
If you don’t have a handle on all of the incentives, the MF and RV, go to Edumunds leasing forum specific for the 2024 EV6 and ask for the details there.
? Total lease cost is the result of a lot of things you need to negotiate…selling price, incentives applied, MF, dealer add-ons, etc. Your total cost will be higher or lower based on how you do.
Spend time in the Wiki here learning…or just use a broker like @Jeff_BeachCitiesAuto
Cool, thanks for the reply!
Money factor is 0.00094, residual value is 37579. Do you think is a decent deal?
I am shopping the same car. I think it is a solid deal assuming you get the $1500 summer bonus. Maybe you could get a little more off MSRP but the dealers are being pretty tight. If there is no $1500 Kia Summer bonus for your car (again VIN specific), then it is a very good deal.
Here is what I think your deal is like, assuming the $1500 summer bonus.
Hang on. Made an error.
You are a genius man! Yeah this looks right to me. What is your target DAS and monthly pay on this car?
this is more like what you wrote above. $2500 DAS and $400/mo with taxes. I am still getting better at this myself.
I roll everything into the lease, at least for comparison purposes (i.e., paying first month only). I think it can be better to pay the lease costs (tax, tax, title, acquisition, etc) up front to save the financing cost. But the money factor is pretty low for Kia, so I am planning on rolling it all in myself. Easier for me to keep to my car budget this way when it is expressed as a single number.
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