First, thank you all. Newbie member but I’m learning a lot quickly! However, my current top-of-list vehicle – a Kia EV6 GT – has some wrinkles:
2025 models are delayed in appearing on lots (but show decent lease terms)
remaining 2024 models no longer qualify for lease terms & Kia doesn’t lease CPOs
remaining & used 2024s financing is messy:
A $500 “You Pay The Same” incentive that’s cryptic about what program it is matching (not CostcoAuto but above TrueCar?)
A $12,000 dealer-only “Supplemental Dealer Cash Incentive Program - Retail Sales” for specific sales codes, which are acronym soup: KAPR, KLSE, CSALE, KCSP, RCSP, INSUR, DBFLT, TDRIV, DBNLA, KFA, KNA, BRKR, CCP, FLEXM, FLEXZ, TDLUX, and SVC
(A.I. has some fun guesstimates about what those mean.)
I only see a few 2024 GTs with price reductions showing that dealer-only $12K, but in theory it applies to more 2024 GTs. Maybe including where my local dealer honors CostcoAuto leads and NJ’s ChargeUp. Is that correct?
(Either way, it’s still no replacement for the earlier-in-the-year lease terms on 2024s or last summer’s Sales Event.)
Ultimately I’m debating whether a “priced to move” 2024 GT is worth it versus waiting on the 2025s. Or just take the current 2025 GT-Line lease incentives and go for a full GT later when there’s a good Lease Hack to be (with a Loyalty bonus, too).
Advice with more historical understanding of Kia’s annual inventive cycles would be very welcome. And again, thank you all.
It seems the 2025 model has been upgraded, so I would hold out for the newer model. Full GT range is only 231 miles, but charges quickly. Does that work for you? If not, then maybe the GT-line is a better alternative. Check insurance costs as well.
The EV6s have 3 driving modes – eco, normal & sport – and the GT trim itself adds a fourth, super-sporty mode. Naturally range is impacted for performance, but for daily driving I’d probably be in eco or normal, where range is nearly 300mi. I appreciate you checking the range figures work for me, however.
I can’t get much info from dealerships about when 2025 EV6 GTs may appear in the US. It’s been a struggle to get them to accurately discuss incentives per trim. I’m hoping someone here has some insight.
2023 GT lease-er here - range is DEFINITELY under 230mi a charge unless you’re going 30mph in 72degF weather with no AC and no headlights. (I’d say realistic 100-0% at highway speeds is 200mi with a slight buffer.)
I leased my 2023 last May and incentives were deepest last month for 2024s as well… there are still a handful of 2023s even if you look hard enough that dealers should be willing to take huge cuts on for purchase/finance. With tariffs in the air, I’d say that if you can stomach the ICCU risk (the precise causes of which are still unknown to us owners), there’s not going to be a cheaper car that can lane-center on the highway with >=500hp and a drift mode for another year, if ever again (especially with this long of a warranty). If you don’t care that much about the power and don’t need a car fast, I’d wait and see what happens with ICCU drama + lease prices.
It might be helpful to email a few dealers and see what prices they’re charging for their (very old) new stock.
Yes, thank you for the clarification on the mode vs. powertrain and expected range. Either way, it’s fine and I’m realistic about the decreased range based on driving and driving mode. Range was never my concern, it’s just come up in questions since I first posted.
Financing vs. lease vs. inventory issues was why I posted and I agree that financing isn’t ideal – I’m posting on a Lease Hacking forum, after all. But there are no 2025 EV6 GTs in the states; only 2024 models (and Kia doesn’t lease CPOs). So financing is the only option there and it is incentivized, so I described the terms.
My question remains: lease a 2025 GT-Line and trade “up” later, or wait on the 2025 EV6 GTs and hope the current incentives stay put until then.
Thank you. By trade-up, I mean a shorter-term lease. I have driven both the GT and GT-Line, I get the difference. I am also driving other cars with good deals right now, but the warranty has me leaning Kia, as others have noted on the thread.
If you’re interested in a bit of wild card and willing to travel, depending on how you think the tariffs and impending tax credit reduction will materialize over the next few months, might be worth checking deals for IONIQ 5 Ns (same warranty, same power and better brakes/cooling than 2025 EV6 GT, slightly stiffer suspension and better chassis, much better track tech + virtual gearbox, no HUD in US). It’s not EV6 GT cheap like last year, but at 36/10k, 10% off MSRP puts you at $617/mo plus tax which might be a “meh” deal right now, but if Trump pulls incentives could suddenly be a good deal due to move-now advantage. Worth considering based on your guesses.
Used ‘22/‘23 EV6’s GT-Lines are selling for $25-$27K on the East Coast with under 30K miles. KIA’s notoriously horrible resale makes me start thinking the unthinkable. Should I lease a new one or just buy a used one for $40K off sticker.
The question is, are you willing to roll the dice with a car that has 1.5-2.5 years left on the B2B/powertrain warranty (6.5-7.5 years on the ICCU/EV system but still)? You’d need to own it for at least 4 years to break even with the average LeaseHackr lease (since I’m expecting by the end of that, these will be worth the same as first gen Leafs) and I’m not sure how long term reliability for EV6s will fare
My math was doing a 5yr loan = $500 per month. Even at 3 years of ownership you’ll have a 2023, 5 years old, that you’ve paid down from $25K to $10K. Certainly that vehicle is worth $10K making your walk away no more expensive than a lease and likely less if your lease payment for new is north of $600 per month. My math was $500 payment, $433 going to principal.
My math all goes out the window if you can get a new EV6 GT-Line for $500 a month.
Plus if you put 25k down (plus tax) now, that money can’t do work in stocks or be liquid for other purposes, and your payout is contingent on the car not being stuck in ICCU purgatory or other warranty issues within those years - and of course if we’re playing the “spend $25k and save” game, suddenly you could save a lot more by choosing a variety of ICE cars for similar cash and keeping them for much longer than that timeframe
Edit: just did the math and completely forgot about OP’s post that 24s are no longer incentivized. But at 10% off MSRP you can still get a 2025 GTLine AWD for $409/mo+tax, and if you look on Autotrader it looks like plenty of dealers are willing to meet that
Oh I thought you were comparing buying vs. leasing for some reason, I can’t read. My question is then, what is the APR or rent charge on a 3 year loan for a $30k car? And I dunno, for some sinking reason I’m not so sure that “a 3 year old EV6 will be worth significantly more than $10k 3 years from now” is a given depending on how reliable these cars are. At least with a lease, I’ve got a guaranteed return rider whereas if the car’s value tanks on purchase or finance I might be underwater. Maybe I’m hallucinating stuff but idk
Comparing a used 2023 EV6 GT-Line for $25K. Loan would be ~$475 per month, 60mos @ 5.29% with $417 going to principle. If you can sell it 3 years later for $10K or above you basically leased it. Reminder these Kia’s still have a 5yr/60K warranty that transfers to the new owner so zero risk there. If you sell it for $15K, well then you effectively leased it for $336 per month.
If you can lease a new EV6 for $403 at 36mos/15K, well then that might be the better deal if the 2023 is worth $10K or less. Anyway…thanks to depreciation north of 65% there are choices to be made here just looking at the opportunity cost of money.
Yeah it looks like the math is sound then as long as you actually get that $10k and are willing to “take what you get” at year 3 when the warranty ends. To be fair, $400 is good but even worst case, $500 or even 600 per month effective (in a really bad case where you only get $5k for your 6-year-old EV6) isn’t the end of the world even if it’s an objectively bad move financially.
