- MSRP: $48825
- Selling price: $46325
- Rebates: Lease Cash and Loyalty $3350
- Term: 36 months
- Mileage: 15k
- VA Sales Tax: 4.15%
- Trade Allowance: 367
- Residual: $30760 (63%)
- MF: 0.00245 (5.88%)
- Monthly payment: $617.84
- Due at Signing: $617.84 counted as first payment, leaving 35 payments left
- Delivered 1.5 hours away and picking up trade
I hope you enjoy the car but don’t you think it’s too much to pay $619/month lease for a $48k car?
What would you suggest with nothing down?
MSRP is so arbitrary—if a Dodge Hornet can have a $50k sticker then on that basis the Sorento SXP deserves a $90k sticker—that payment/MSRP has begun to lose whatever meaning it used to have.
The more important question is (if you’ve chosen a car and it’s by far your first choice), what’s the best strategy? Lease, return, and lease again? Buy on day one? Lease and immediately buy out? Or buy used?
If I’d set my mind on this car, I’d finance it. Kia Financial offering 60 months 1.9% apr.
I never finance. I always lease. Payments are less and in so often i would never be ahead on a finance
I agree, MSRP’s kinda lost its meaning, but EV vs gas/hybrid comparisons make it worse. CDJR is mostly trash, but comparing Hornet vs Ioniq 5 would make a bit more sense in that context.
It’s an analogy of one PHEV vs another. Hornet isn’t an EV.
Yes, EVs have the most arbitrary MSRPs but that has bled into non-EV as well.
My bad, always thought Hornet was a pure EV.