Signed lease for 2023 Kia Telluride EX X-Line at MSRP for $616/month inc. taxes ($576 pre-tax) in Broward County, FL. $0 paid at signing. Traded in my leased 2021 Hyundai Palisade positive equity. Dealer appraised positive equity in the palisade at $1,200 but negotiated $2,400 based on Carvana offer (even though they can’t buy the car). No lease incentives offered by KIA at the time of signing. Overall happy with the deal as only found one of the 17 dealers contacted that would accept my leased palisade as trade in to work a deal out. First lease payment paid by the dealer. Got the desired color and the wife loves it (for the win ). It might not compare with the stellar deals on this forum, but overall happy with it as it is the best I could find. Big thank you the leasehackr forum for the education and tips.
Thank you even with the tide turning, Kia dealers are the worst to negotiate a deal with especially on the telluride. I wanted the nightfall edition back in 2021 when It was time to a buy a dad car but ended up getting the palisade as I couldn’t negotiate a deal worth taking. I finally have the dad car I always wanted to drive.
I’d ride that luck … lol… I haven’t spent enough time driving the telluride but the initial drive and the pick up felt a lot better than the palisade. In terms on interior design, telluride wins in my opinion. It’s a noticeable change from buttons (palisade) to stick (telluride) shifters and will take getting used to. However, Hyundai offers complimentary 3 year maintenance on all new vehicles while with Kia it’s on a dealership-to-dealership basis. I had to negotiate complimentary maintenance during lease term from dealership. Both vehicles are great for long-term ownership, but telluride is a better looking stud. Also, there is a lot more room to negotiate a deal on palisades than tellurides, in my opinion. Hope that helps.
Congratulations! It would have better for you to finance this car instead of lease. Few reasons:
1st - You could get the lower interest rate under 5% for the finance instead of 6.89% for the lease.
2nd: In FL, when you trade a lease car and you make the purchase for the new one in the same transaction, then you would pay the sales tax for the New Car - Leased car trade-in value. Eg ( New car is $47k and trade-in value is $40k, then you would pay the sales tax for $7k. It doesn’t matter even if you had the equity for $2400.
3rd: You would save $650 lease acquisition fee.
4th: You would have clear title to sell this car to any dealer in future without any restriction.
). It might not compare with the stellar deals on this forum, but overall happy with it as it is the best I could find. Big thank you the leasehackr forum for the education and tips.
even with the tide turning, Kia dealers are the worst to negotiate a deal with especially on the telluride. I wanted the nightfall edition back in 2021 when It was time to a buy a dad car but ended up getting the palisade as I couldn’t negotiate a deal worth taking. I finally have the dad car I always wanted to drive. 