[dgoldenz]

Originally Posted by wtwo3

Not to derail this thread, but this isn't necessarily true. There's actually quite a bit of debate over on the Leasehackr forums, with many of the more seasoned members highlighting how the "1% rule" is not a good measure of a deal.

For example - what you pay on your lease is dependent upon multiple factors - including vehicle price less incentives, residual value, money factor, etc. Some people qualify for incentives such as loyalty while others don't. If someone doesn't qualify for loyalty and that pushes them outside the 1% threshold despite getting equivalent dealer discounts and base money factor compared to others who are below the 1% threshold... does that mean that individual got a bad deal?

In reality what's considered a "good" deal is much more nuanced, and needs to be compared to how much others are paying for the same car (and preferably in the same region). There are some cars where if your payment is 1.5% of MSRP it would be considered a good deal... at the same time there may be some cars where paying 1% of MSRP is considered a mediocre deal because everyone else is paying 0.75% of MSRP.

I wouldn’t lease any car that’s over the 1% rule by any sizable amount. I’d just find a different car or buy it.

[Alfisti]

Not doing it to save money? Then why do it? I am very confused.

[dgoldenz]

Originally Posted by Alfisti

Not doing it to save money? Then why do it? I am very confused.

To find a better deal on a different car. If the lease makes sense on a car I want great. Otherwise I find a different car or buy it instead of leasing. In no circumstances would I ever pay $1000/month to lease a Kia, especially when a wrangler 4xe with similar sticker can be leased for half the price with $0 out of pocket and will be worth more at the end of the lease.

[Alfisti]

Sorry was asking the OP who said he wasn't considering the EV switch to save money. Given his current ride has lots of life in it, i don't get the rationale.

[Kolyan2k]

Originally Posted by Alfisti

Not doing it to save money? Then why do it? I am very confused.

I swich cars often. Tired of one, jump to another. Plus with EV you get $7500 tax credit. Porsche warranty expires soon. Private party maybe $30-35k. Cheapest one on cars.com is $29k


Yes I get it now, lease deal is bad. I can finance it I guess. 2k mark up and 0 markup at local dealers. But wait with markup is 3-4 months, no markup 6-8 months.

[dgoldenz]

Originally Posted by Kolyan2k

I swich cars often. Tired of one, jump to another. Plus with EV you get $7500 tax credit. Porsche warranty expires soon. Private party maybe $30-35k. Cheapest one on cars.com is $29k


Yes I get it now, lease deal is bad. I can finance it I guess. 2k mark up and 0 markup at local dealers. But wait with markup is 3-4 months, no markup 6-8 months.

That might be the worst lease deal on the planet if the $1000/month price includes the $7500 tax credit being applied to it. That means it would cost you almost $40k to drive a Kia for 3 years and then hand it back to them....yikes. Buy a 911, it'll cost you less lol

Have you driven a Macan GTS/turbo? They are pretty well depreciated by now, you could probably find a real nice one to drive around for 2-3 years at a cost of less than $10k in depreciation and maintenance/repairs.

[Kolyan2k]

Originally Posted by dgoldenz

That might be the worst lease deal on the planet if the $1000/month price includes the $7500 tax credit being applied to it. That means it would cost you almost $40k to drive a Kia for 3 years and then hand it back to them....yikes. Buy a 911, it'll cost you less lol

Have you driven a Macan GTS/turbo? They are pretty well depreciated by now, you could probably find a real nice one to drive around for 2-3 years at a cost of less than $10k in depreciation and maintenance/repairs.

Kia lease doesn't do $7500 credit. Some deduct it from msrp, kia doesn't.

I don't like Macan, it's too small. Not sure I wanna wait 4 to 8 months for EV6 either. End of this year other cars will be coming to market.

[Kolyan2k]

Curren Caynne has lots of miles, I don't want to deal with maintenance, warranty just paid nearly $20k to fix check engine. Figured EV is near zero maintenance and free to charge at home with my solar panels. Maybe it's too much hassle to get into one for a decent price.....I don't know.

[dgoldenz]

Originally Posted by Kolyan2k

Kia lease doesn't do $7500 credit. Some deduct it from msrp, kia doesn't.

I don't like Macan, it's too small. Not sure I wanna wait 4 to 8 months for EV6 either. End of this year other cars will be coming to market.

If they won't give you the $7500 on a lease that's even more reason to buy if anything. You can always do a balloon payment loan that acts like a lease and then you'd get the $7500.

[lake_eleven]

Originally Posted by Kolyan2k

I swich cars often. Tired of one, jump to another. Plus with EV you get $7500 tax credit. Porsche warranty expires soon. Private party maybe $30-35k. Cheapest one on cars.com is $29k


Yes I get it now, lease deal is bad. I can finance it I guess. 2k mark up and 0 markup at local dealers. But wait with markup is 3-4 months, no markup 6-8 months.

Try carvanna.com or vroom.com. I sold my X3 at much higher to what was offerred locally.

[dgoldenz]

On a side note you can lease a 392 Wrangler with $80-85k MSRP for same approximate cost. Gas mileage sucks but hey it’s got a hemi…and will hold its value way better.

[MrSlacker]

For the love of Jesus please do not trade in your car for a lease. Cayenne Diesel is easy to sell privately. The $26k downpayment will get wiped out the second Karen hits you while texting.

[AlexFL]

Finally released:

[JPSurratt2005]

Originally Posted by Kolyan2k

Kia lease doesn't do $7500 credit. Some deduct it from msrp, kia doesn't.

Are you sure about that? When I bought my Sorento PHEV they said I could lease it and they'd take the $6587 tax credit off the lease. (see attachment)

I ended up buying it and claiming the credit on my taxes so it worked out, but some people won't be able to capture the full credit if they don't owe enough taxes as the credit is non-refundable.

[AlexFL]

Originally Posted by JPSurratt2005

Are you sure about that? When I bought my Sorento PHEV they said I could lease it and they'd take the $6587 tax credit off the lease. (see attachment)

I ended up buying it and claiming the credit on my taxes so it worked out, but some people won't be able to capture the full credit if they don't owe enough taxes as the credit is non-refundable.

How is your Sorento PHEV doing so far? In order to be put first in the line for the EV6 GT, I had to buy a “normal” Kia (yes, Kia SoFla is learning dirty tricks from Ferrari). I bought the Sorento X-Line SX Prestige and traded in my beloved Mazda CX-5 Turbo. Very pleased with the interior quality and the punch of that 2.5T engine mated to a wet dual clutch transmission. Definitely incredible value for modest 46k.

[JPSurratt2005]

Originally Posted by AlexFL

How is your Sorento PHEV doing so far? In order to be put first in the line for the EV6 GT, I had to buy a “normal” Kia (yes, Kia SoFla is learning dirty tricks from Ferrari). I bought the Sorento X-Line SX Prestige and traded in my beloved Mazda CX-5 Turbo. Very pleased with the interior quality and the punch of that 2.5T engine mated to a wet dual clutch transmission. Definitely incredible value for modest 46k.

We're loving the Sorento! The PHEV has been fantastic, and we're averaging 56mpg over 7k miles total, but the last two tanks of gas have stretched 96mpg and 125mpg. My work commute is 14 miles so the 32 mile electric range can get me to work twice between charges. I use a killawatt to track my charging and we're averaging about $4.90 per week in electricity since October.

It was $50840 for the SX-P version with sunroof and tow package but we got back the full $6587 EV tax credit.

My only gripe is how loud and clunky the exterior door handles feel. Everything feels quite premium except for that. We ended up getting silky silver but really wanted wolf gray. The HEV/PHEV are made in Korea and I guess the paint options are limited vs the ICE versions from the states.

[syd34]

Just a few other suggestions, if you don't always need the back seat to carry passengers regularly, have you considered the i4? It is easily one of my favorite EVs right now. I drove the i4 M50 recently and would get it in a heart beat if I am ready to go electric.

For perhaps $5-10K more than the EV6 GT, you can also get an X5 45e with 35 miles or so of electric range (17kWh useable battery). The X5 is essentially perfection as an all-rounder vehicle.

One thing that BMW does really well with their infotainment system (like Tesla) on the i4 and iX is that they factor in places you can charge when going on a long trip where you won't make it on a single charge. This way, you do not need to figure out manually where you are going to charge. The Kia does not do this from a recent review I watched. They may update this later but that functionality is not there today.

Later this year, Lexus will also be launching their RZ450e. With their excellent build quality and perfect paint work, it will be another great option over the EV6.

Good luck on your search!

[Kolyan2k]

Originally Posted by syd34

Just a few other suggestions, if you don't always need the back seat to carry passengers regularly, have you considered the i4? It is easily one of my favorite EVs right now. I drove the i4 M50 recently and would get it in a heart beat if I am ready to go electric.

For perhaps $5-10K more than the EV6 GT, you can also get an X5 45e with 35 miles or so of electric range (17kWh useable battery). The X5 is essentially perfection as an all-rounder vehicle.

One thing that BMW does really well with their infotainment system (like Tesla) on the i4 and iX is that they factor in places you can charge when going on a long trip where you won't make it on a single charge. This way, you do not need to figure out manually where you are going to charge. The Kia does not do this from a recent review I watched. They may update this later but that functionality is not there today.

Later this year, Lexus will also be launching their RZ450e. With their excellent build quality and perfect paint work, it will be another great option over the EV6.

Good luck on your search!

I dont like BMWs lately and dont really want to spend even more. So far I dont have time to shop around for new vehicle. Everything is difficult. I'd keep my Cayenne if I knew it wouldnt crap out on me. Will see.....checking on deals and cars slowly

[Clark_Kent]

ADM on a Kia?! We are definitely living in wild times. I couldn't bring myself to pay an ADM on a Kia, no way.

[AlexFL]

Originally Posted by Clark_Kent

ADM on a Kia?! We are definitely living in wild times. I couldn't bring myself to pay an ADM on a Kia, no way.

It's because you still live in the 90s. People are ready to kill to get a Telluride or a Palisade. Many pay 10k (20%) markup. I would easily take a Kia over any mainstream car from Toyota, Nissan or Ford.

[kyriian]

Originally Posted by Clark_Kent

ADM on a Kia?! We are definitely living in wild times. I couldn't bring myself to pay an ADM on a Kia, no way.

EV6 being EV automatically makes it high on demand these days, when people demand it, they can charge admin because demand, just depends on how much you want it

OP: Others have said it already but, a diesel Cayenne is highly in demand and super easy to sell, sell it privately and finance the EV6

[Conissah]

Originally Posted by Burrcold

Even if the math did make sense, don't throw $26k at a lease upfront! That's crazy.

Exactly. Why not put that trade in towards finance? You don't qualify for the EV tax credit on a lease... Gigantic waste.

On another note, we owned a 2021 Bolt, loved the convenience of the EV but hated the car. Wife told me she wants to get another one, either the Ioniq, EV6, or maybe even the Audi Q4 e-tron. The market is garbage right now so I told her we would have to wait. Kia dealer near me has a $7000 "adjustment" on their $42k EV6... I will ALWAYS say this, dealers should cease to exist. Garbage garbage garbage.