I have a 2021 Kia forte GT-line in very good condition with 4.7k miles on it. My lease is expiring in about 4 months. The current residual is 14.9l. I went to two dealerships and I was able to negotiated and sell my Kia for 20.5k HOWEVER
A. Dealer A claimed that Kia charges them 2k when they buyout leases. So instead of 5.6k in my pocket (20.5 - 14.9), I would end up with 3.7k (20.5 - 16.9).
B. Dealer B said that the rule above only applied if you were trading into a non-kia dealer. So I should end up with (20.5 - 14.9), 5.6k. However when I asked for the exact amout that I would be pocketing in writing, they got mad, said “you can do simple subtraction” and said “if you don’t like it go somewhere else.”
My issue is I don’t know what’s correct? Is that a legit thing or was I being scammed? If they’re just making up fees or is this standard practice. I don’t want to go somewhere else and have the same issue
Not sure but maybe you can reach out to these people and see the numbers they give you. They are on leasehackr. There are others who buy cars but not sure where to find them on the website. Maybe someone else can find them.
The only thing you need from that dealer in writing is the selling price, not the exact amount you will be pocketing. They do not know the exact payoff amount at this point (it changes daily), but they can get it, of course.
I went to 2 dealerships, and matched offers on Carvana and Carmax. General consensus is car is worth 20-21k. Kelly blue book is putting the car at around 22k. I have no problem getting rid of it at 20-21k, I just don’t like how the final amount I would be netting wouldn’t be listed on paper.
Kia finance doesn’t allow Carvana or Vroom to buyout the lease anymore. I could buy the car myself but have to take into account the tax, title, registration fee.
