VA 2023 Kia EV6 GT | MSRP 63191 | $744/month $5k DAS | 36/10k

VA 2023 Kia EV6 GT | MSRP 63191 | $744/month | 36/10k

Sharing actual lease deal from dealer because I don’t know how I arrived at a worse number using this site’s calculator:

Link to calc

I’m feeling that it’s not great, especially when compared to other states’ deals, but I’m posting because I don’t see alot of Virginia deals, and fewer still on this car. This is Northern Virginia, which is much more populated than many other parts of state

You sure you had equity in your trade in? This is probably what happened:

Edit: new link

Is this a signed deal? Or are you asking for feedback on ongoing negotiations?

Nope not signed.

I got this lease offer (and financing too) but considering it would be my first lease, i was looking forward to the very honest feedback you folks offer. I test drove this car and loved it but haven’t done much wheeling and dealing with dealers.

Mostly expecting people to laugh at a bad deal. If anything it’s another data point as to what’s going on in the market.

Is your link the same as my link? i don’t see a difference.

My trade in is a fully paid off decade old Sorento, so I put in my CarMax offer in the “Trade-in equity” line.

Yes. Sorry. My bad.

New link: CALCULATOR | LEASEHACKR

I honestly don’t know how much better you can do. You got $2k off msrp on a car that is produced in limited quantities, at least compared to something like the Ioniq 5 SEL AWD. You’re getting the standard $7500 EV lease incentive. Getting a good lease is largely dependant on picking a vehicle with good lease programs, and the EV6 GT is clearly not one of them, and living in a state where you have to pay tax on the full purchase price of the vehicle doesn’t help either even if you have no control over that.

That’s awesome feedback, thanks for sharing. I’d tend to agree. It just stinks when I’m seeing much swankier vehicles with a better lease. Maybe I could have them reduce other fees, money factor, or increase mileage… 2days until end of month! Salesguy admitted it had been sitting there for over 30 days, hence the $2k off.

Wondering if there’s any thing to do about living in a tax-disadvantaged location, without being illegal.

Not as quick as an EV6 GT, but I have a lead on Volvo XC40 that’s arguably a better deal. 12% dealer discount which puts you around $650 with VA tax for 36/10. Less if you can get A-Plan or Affinity. I was helping a friend who had to pass on it but they are more than happy to replicate to move them.

Not in the narrow sense. It is what it is, you’re not gonna move houses just to save on sales tax.

However you can choose how often you pay sales tax on motor vehicles. You can pay the tax every 3 years or every 4-5-6 years. That is easily something you can legally and ethically do.

Increasing mileage (or reducing RV) while keeping the payment the same = increasing the discount. If that’s possible just take the increased discount. Fees and buyrate MF are not gonna change.

In general all of that is a waste of time. If you have a target, make an offer. Keep making offers and keep moving on from those who don’t accept.

If you’d be happy in a non-GT EV6 or an Ioniq 5 or a Ford MME (assuming you can take the tax credit on a purchase yourself) then that’s another way to lower your cost.

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Dealer lowered “sales price” another $1k so making it 61k even; makes the MP $733

Financing at 6.5% makes the monthly payment $1059 or so, which is normally what i’d do…

but considering the high cost of this vehicle, and my belief that 3 years from now the EV market will look pretty different, I’m thinking this is an OK lease because:

  1. If car behaves (GT has relatively low range) and I like it, I can buy it out at any time PRETTY MUCH like I would have bought it up front
  2. if the market comes up with something better (new battery tech, self-driving, etc), I can walk away and buy the new thing that makes more financial sense… BUT i’d be walking away from the $26k ($733 x 36 months) i paid to “rent” the car.
  3. in the rare event the residual was inaccurate or the market supports a high resale, i’d have equity in this, so I’d buy it at close and then sell it for “profit”

Am i completely wrong about this?

you should onepay this and then buy it out if you like it.

Onepay meaning pay that $26k lease cost up front, which would be less because then i’m not paying 3 years of 5.8% interest?

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