I’ve been looking at the Niro EV, and the numbers are pretty outrageous compared to the Leaf, Bolt, i3, and eGolf.
Have seen on a few posts about the Telluride and Stinger that “Kias lease terribly” – just curious – why is that? What factors make them offer bad deals, and is Kia or the financing banks who call those shots?
Not all do.
The soortage,optima are good now.
I’ve done well on cadenza in the past.
I tried to lease a Forte, no matter what I did to the deal it was just horrible lol. It kinda sucks because the potential is there with all the Incentives that they offer but yeah.
Generally (generally) the money factor is on the high side. There are a lot of factors but the rent charge is higher than the comparables.
Honestly, it’s really just their top 3 models that lease like crap (Telluride, Stinger and K900). Money factor hurts them all, lack of dealer discount hurts the telluride (+ markups) and stinger, very low residual hurts the K900.
I’ve seen good deals posted on most of their other models, but these 3 are difficult. Truly, most of their cars should result in a good deal, if dealers got real with their discounts.
How are Cadenzas leasing? I can never find any information about them. No one ever posts about them on Edmunds…
Our local craigslist is littered with low mileage current Kia models at prices that make me do a double take. Folks must be losing their shirts. The resale value on these things are near BMW level low. Not surprised at all they don’t lease well. Is the Telluride popularity the model that changes this, I doubt it.
Well, they’ve got between $6700 and $8100 in lease cash, which is nearly 20% discount on it’s own depending on trim. Residual is low, but given that these sit like bricks on dealer lots, getting a good discount is easy. Shouldn’t be too hard to get a good lease if you find one.
How about Niro EV? I see $10k in bonus cash on 36 months. I wrote to the dealer who will undoubtedly just say when can you come in to talk?
How about Niro EV?
That’s what I’m hoping to get. The three dealers I talked to all quoted me more than $500/mo, which with drive away costs, over 36mos was well over $18K. When i3s, eGolfs, and Leafs at similar or higher MSRPs all come in $3K - $4K under that over 36 mos.
The PHEVs numbers are much lower, but I’m not a huge fan of how hybrids drive, and the state and federal incentives aren’t as good for hybrids.
But yeah, if you have a dealer who’s willing to negotiate on the Niro EV, I’d love to know who. Thanks.
I got back a quote from a local dealership that came out to $436/mo inc. tax (9.5% where I am). I haven’t tried pushing hard yet, but think there might be a little wiggle room with them…
Are you in NorCal?
Also, not sure where I heard it, but I feel like I read in on this site, that in general for leases you want to get the monthly to at or below1% of the MSRP.
Which you’re at if you don’t include tax, so this could be promising. It’s definitely way lower than than the three quotes I got.
Bread and butter Kias like Forte and Optima often lease pretty well. Similar or lower payments than similar Honda’s and Toyota’s with a lot more features.
They don’t have a fancy LH score or “% of MSRP” score because the MSRP isn’t inflated like every other brand out there.
“Top of their line” cars (which tend to have lower inventory) hardly ever lease well at any brand. Ask a VW dealer about a Golf R or a Honda dealer about an Odyssey Elite or Accord Hybrid Touring
Really doubt you read that here unless someone was being sarcastic.
Thanks for the info. Just to be clear – you’re saying that the Nissan, BMW, and VW numbers are 3K lower over 3 years than the Niro because those manufacturers inflate the MSRP and Kia doesn’t?
Might it also have to do with the federal tax incentive? I think Nissan and BMW pass that $7500 onto the lessee, and the Kia guy told me that the bank that does Kia leases does not unless you buy the car.
As for the The One Percent Test, I did read that here on the Leasehackr blog last August. If you search for it, a few different car sites mention it as well.
