Need a Deal Check for a EV Lease Please - Kia EV3 , Wind Trim

Ask the Hackrs
, ,
1

Hello LeaseHackr friends. I’m in the market for a new car. Got a lease quote from a local NorCal dealer and want your expertise and how should I negotiate better on this deal. I feel like the MF factor is high , selling price is at MSRP and not sure if they are giving me the maximum Lease Cash Rebate for this trim.

Car: 2027 Kia EV3 Wind Trim
Lease:36mos , 0.00269MF $0 down payment

Monthly payment amount $471.08(Tax included) ; Mileage $10k/year

Residual Value $23,111.55 (63%)

Payment details:

MSRP: $36,685.00
Selling price: $36,685.00
Mandatory Fees(Doc and reg) $122.00
____________________________________

Total vehicle Price $36,807.00

Other fees $1,228.75 - this includes acq, license, registration fees, etc.

Lease Cash Rebate $2,400.00

California First Time EV Buyer $3,500.00

Subtotal $32,135.75

Taxes(10.25%) $447.48

Unpaid Cash Balance $33,054.31

Residual Amount (63%) $23,111.55

Monthly payment Before Tax $427.28

Monthly Tax $43.80

Monthly Payment $471.08

Thanks in advance for any advice here!

2

@CoastalMotorGroup

3

The car was just introduced, so there’s not going to be a lot of data out there (but hopefully a broker will respond).

If you join as a Super Supporter or go on the pertinent Edmunds lease forum, you’ll know what the buy rate (lowest allowable) MF is and what rebates are available.

4

Shows how much the market has shifted. I’ve just returned an EV9 Land with a payment not much higher than that!

5

0 down or 0 DAS?

6

The MF is marked up by .00040, which means this deal is effectively $800 over MSRP.

This is an all-new model, so discounts won’t be too crazy on this. But you can do better than this.

7

text me 949-775-1714

8

I have noticed the market up also after I posted the message. It’s .0040 over the money factor(buy rate) for this car. Since this is a new model recently launched in NAM, dealers are not willing to slash prices below sticker price. If they are willing to drop the money factor back down to the base buy rate, you think it’s worth doing the msrp?

9

0 down and 0 DAS

10

What is the benefit to paying this much to lease a car selling for 32k + tax?