First time posting here I currently own a 2022 KIA EV6 GT Line First Edition in Matte Grey and am considering trading it in for an EV9, as the lease incentives seem quite appealing based on my research. However, I have some negative equity on my current car—I owe around $30K, but its trade-in value is only $23K and I have two more years till it’s paid off. This means I’d have about $7K in negative equity that would need to be rolled into the new lease. The sales rep mentioned that the incentives could cover this, but after looking at the numbers, the monthly payment doesn’t seem to add up. If I reached out to a broker, do you think I could get a better deal? In Los Angeles, CA
Your trade mucks things up a bit but here’s @GCauto’s
$664 + Tax + 2000 + $599
A Trade can change the pricing due to if there is equity or if the dealer is trying to make you eat the negative equity
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Incentives don’t make negative equity go away. Every $1 of the incentives that goes to your negative equity is a ~$1.20 you add to your lease cost.
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This makes sense. I saw GC Autos quote and their listing is cheaper than this dealer’s listing.
Dealer’s listings are best ignored
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I’ll reach out to a trusted broker recommended by LeaseHackr
They are only appealing on a blank sheet with no negative equity. Were there other reasons to consider the EV9?
I want a bigger car, but I’ll have to pay off my EV6 off instead of rolling in negative equity.