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2012 Kia Lease Rates – January 2012

Okay, I will say it…”Kia has officially entered the leasing world.” I’ve been keeping an eye on Kia leases over the last six months or so and it seems like Kia is legitimately trying to make their leases affordable enough to compete with the best brands. Hyundai was doing it for the better part of last year with the Sonata, but Kia seems to be pushing the Optima into our world more consistently now. Sure, the Optima EX Turbo lease is still not as good as the Sonata SE Turbo, but it’s getting pretty darn close.

I am a bit weary of the “high” MFs though. There is cash to offset it so it makes the lease reasonable. Hyundai is doing the same thing. What worries me is what happens AFTER the cash is pulled away. Will they lower the MF enough to keep the lease around the same ballpark? One has to wonder.


Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.

2012 Kia Optima EX Turbo
MSRP – $25,850
Sale Price – $22,955 ($1000 lease cash applied)
Monthly – $285+ tax
RWG Rating – 90.1

Support my site by getting your “no obligation” quotes from:
Edmunds.com
CarsDirect.com


2012 Kia Optima EX Turbo
36 Month – Residual 56% of MSRP – .00133 Base Rate

2012 Kia Optima SX
36 Month – Residual 53% of MSRP – .00090 Base Rate

2012 Kia Optima EX
39 Month – Residual 55% of MSRP – .00095 Base Rate

2012 Kia Sorento EX AWD
36 Month – Residual 52% of MSRP – .00166 Base Rate

2012 Kia Sportage EX AWD
36 Month – Residual 54% of MSRP – .00205 Base Rate

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Monthly Round-Up: Thanksgiving 2011 Edition

Happy Thanksgiving Everyone! I wanted to extend a BIG “THANK YOU” for your continued support. It hasn’t been the smoothest of years, but I am very thankful to have a good community I can talk cars with. I hope all of you have a wonderful Thanksgiving and cherish your time with your family. As a last minute reminder, shop early and make sure to give yourself plenty of time before your existing lease expires. Happy Turkey Day Everyone!

This month’s participants include: Mercedes-Benz, Volkswagen, Kia, Nissan, Acura, Hyundai, Infiniti, Honda, Lexus, Volvo, Audi and BMW.

For Dealer Quotes, go to: TrueCar.com. or Yahoo Autos
To check your credit, go to CreditReport.com.

Ground Rules

  • Participating vehicles will be based on the lease rates gathered on this website during the corresponding month.
  • 36-month/15k lease terms will used for all calculations unless a better term is available.
  • A $1500 drive-off fee is assumed for all cars. Since fees and taxes vary from region to region, your drive-off may vary.
  • Sale Price estimates will be based on Truecar.com sales data in the Southern California region, so your numbers may vary.
  • All estimates assume you qualify for the base rate. A minimum Credit Score of 700 may be required to secure Top Tier credit in most cases.
  • Sales taxes are not included since different states handle taxes differently.
  • The rating system used is based on RIDE with G’s Lease Calculator. Only cars with a 90 rating or higher will be included on this list.

SEDAN

2012 INFINITI G37 SEDAN JOURNEY (109.5) *$1000 loyalty and $1000 holiday cash
36 Month – Residual 58% of MSRP – .00074 Base Rate

2012 INFINITI G25 SEDAN X AWD (105.6) *$500 dealer cash
36 Month – Residual 59% of MSRP – .00061 Base Rate

2012 NISSAN SENTRA 2.0SR CVT (105.0)
36 Month – Residual 61% of MSRP – .00082 Base Rate

2012 NISSAN ALTIMA SEDAN S CVT (103.1)
36 Month – Residual 55% of MSRP – .00021 Base Rate

2012 HONDA ACCORD SEDAN EX-L V6 (101.3) *$500 dealer cash
36 Month – Residual 54% of MSRP – .00050 Base Rate

2011 BMW 328i Sedan (99.6) *$1000 loyalty cash
36 Month – Residual 60% of MSRP – .00180 Base Rate

2012 ACURA TL BASE (99.5) *$1250 dealer cash
36 Month – Residual 58% of MSRP – .00114 Base Rate

2012 HONDA CIVIC SEDAN EX AT (99.5)
36 Month – Residual 61% of MSRP – .00098 Base Rate

2012 Mercedes C300 4matic Sport 4dr Sedan (97.4) $2000 loyalty cash
36 Month – Residual 60% of MSRP – .00142 Base Rate

2012 Hyundai Sonata 2.0T SE (96.7) *$500 loyalty cash
36-month | 15k miles | residual 62% | .00142 base money factor

2012 Volvo S60 T-5 (96.3) *$1000 loyalty cash
36-month | 15k miles | residual 59% | .00122 base money factor

2012 NISSAN MAXIMA S (94.5)
36 Month – Residual 59% of MSRP – .00128 Base Rate

2012 VOLKSWAGEN CC SPORT AT (94.1) *$1250 lease cash
36 Month – Residual 51% of MSRP – .00028 Base Rate

2012 Mercedes C250 Sport 4dr Sedan (93.7) *$2000 loyalty cash
36 Month – Residual 61% of MSRP – .00154 Base Rate

2012 INFINITI M37 SEDAN X AWD (93.6) $1000 loyalty cash
36 Month – Residual 52% of MSRP – .00029 Base Rate

2012 Kia Optima EX (91.2) *$1000 customer cash
36-month | 15k miles | residual 57% | .00130 base money factor

2012 LEXUS IS250 AT SDN (91.1)
36 Month – Residual 60% of MSRP – .00150 Base Rate

CONVERTIBLE

2012 INFINITI G37 CONVERTIBLE SPORT 6MT (90.5)
36 Month – Residual 59% of MSRP – .00153 Base Rate

COUPE

2012 INFINITI G37 COUPE JOURNEY (102.1) *$1000 loyalty cash
36 Month – Residual 59% of MSRP – .00100 Base Rate

2012 HONDA ACCORD COUPE EX-L V6 (95.8) *$500 dealer cash
36 Month – Residual 52% of MSRP – .00050 Base Rate

2012 HONDA CIVIC COUPE EX AT (95.2)
36 Month – Residual 59% of MSRP – .00098 Base Rate

2012 Mercedes C250 2dr Coupe (94.6) *$2000 loyalty cash
36 Month – Residual 66% of MSRP – .00225 Base Rate

2012 BMW 328xi Coupe (90.2) *$1000 loyalty cash ($1000 lease/apr cash available)
36 Month – Residual 62% of MSRP – .00185 Base Rate

2012 NISSAN ALTIMA COUPE S CVT (93.8)
36 Month – Residual 55% of MSRP – .00090 Base Rate

HATCHBACK/WAGON/SUV/CROSSOVER/VANS

2011 HONDA CR-V 4WD EX AT (106.3) *$500 dealer cash
36 Month – Residual 59% of MSRP – .00077 Base Rate

2012 ACURA ZDX BASE (106.2) *$2000 dealer cash
36 Month – Residual 55% of MSRP – .00054 Base Rate

2012 HONDA PILOT 4WD EX-L (93.1)
36 Month – Residual 55% of MSRP – .00056 Base Rate

2012 HONDA ODYSSEY EX AT (91.3)
36 Month – Residual 61% of MSRP – .00155 Base Rate

2011 NISSAN ROGUE AWD S (92.8)
36 Month – Residual 57% of MSRP – .00123 Base Rate

ALTERNATIVE FUEL/HYBRID

2012 NISSAN LEAF 5DR HATCHBACK SV (92.4) *$7500 lease incentive
36 Month – Residual 44% of MSRP – .00174 Base Rate

2011 HONDA CR-Z EX NAV AT (91.1)
36 Month – Residual 62% of MSRP – .00185 Base Rate

Bright Spots

VW. The only model to make it into the lease was the CC Sport, thanks in part to the generous $1250 lease cash that’s available. The rest of the models make better purchases than leases due to special financing. Eos also gets the $1000 lease cash, but the lease is only so-so, rated at 85.5 on my calculator.

Mercedes-Benz. Being an existing MB customer is really paying off this Holiday season. The $2000 loyalty cash is huge! Another model to keep your eyes on is the GLK350 4matic. The RWG is not high (87.5), but this SUV has never leased in with a RWG higher than 90 to begin with, so 87.5 is not too shabby. Remember that MBs payments are usually a bit more budget friendly on the 48-month terms. However, wear-n-tear issues should be considering before going that route.

Volvo. The C30 and C70 cut it pretty darn close (both hitting a RWG of 89). This is made possible by a generous $1000 loyalty cash that’s available to existing Volvo customers. Overall, I’m very satisfied with Volvo’s leases on their cars. Their SUVs, on the other hand, need a little work.

BMW. BMWFS seems to be throwing a lot of loyalty cash at their customers. On select 1-series models for example, they also have this $500 lease/apr bonus cash which I think could be applied to lower the MF plus $1000 in loyalty cash.

Weak Spots

Audi. They have not offer any worthwhile leases lately. No shock there, it’s been a while since Audi made it into the Round-Up.

In Summary

It’s Loyalty month here in the auto leasing world. Many manufacturers are rewarding loyal customers with loads of cash. Folks looking to get into something under $400 should consider the Sonata, Optima, Maxima or any non-luxury car. Honda almost seems to be giving away their cars right now so it isn’t hard to find a good deal there.

The Leaf is also great if you don’t ever want to visit a gas station again.

In the end, if I had to put my money where my mouth is, I would be rolling in a loaded 2012 Infiniti G37 sedan. Hands down, the best lease I’ve seen all month long.

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2012 Kia Lease Rates – November 2011

The Optima looks solid this month. Not as good as the Sonata, but still quite decent. There is supposed to be a $1000 incentive for it, but as I looked over Edmunds, I didn’t see any 2012 models listed. I also looked over the 2011 models and found multiple $1000 incentives, but nothing about being able to use it on leases. I would recommend speaking to your dealer about this in order to clarify what incentives apply to the 2012 Optima. You can see a sample calculation below on what the Optima looks like with and without the $1000 incentive.


Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.

2012 Kia Optima EX
MSRP – $23,950
Sale Price – $22,367
Monthly – $289+ tax
RWG Rating – 84.7

2012 Kia Optima EX
MSRP – $23,950
Sale Price – $21,367 ($1000 incentive applied)
Monthly – $260+ tax
RWG Rating – 91.2

Support my site by getting your “no obligation” quotes from:
TrueCar.com
Yahoo! Autos


2012 Kia Optima LX
36-month | 15k miles | residual 58% | .00127 base money factor

2012 Kia Optima EX
36-month | 15k miles | residual 57% | .00130 base money factor

2012 Kia Optima SX
36-month | 15k miles | residual 54% | .00108 base money factor

2012 Kia Sorento EX V6 AWD
36-month | 15k miles | residual 54% | .00206 base money factor

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2011 Kia Lease Rates – June 2011

As I was saying on the Hyundai page, the Sonata, seems to be the better lease in terms of payments. However, many folks like the styling on the Optima better, plus the added options (panoramic sunroof, cooled seats, etc…) seem to make this lease “worthwhile” to some. However, I can’t really get myself to recommend a $400+ a month lease of a $30k Kia since that’s almost luxury car territory (think G37).

In terms of Buying-To-Lease, I think it’s a pretty good deal if you plan to keep the car long term (and why not? The warranty is 10 yrs!). The interest rate is minuscule (about 0.77%) and a good 53% of the vehicle’s cost is being financed at that rate, which is great. Considering the lowest financing promo rate on the Optima is 1.9% right now, I think leasing for three years then buying off the rest make more financial sense. The only exception would be if you paid cash upfront.


Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.

2011 Kia Optima SX
MSRP – $31,245 (full-equipped)
Sale Price – $27,833 ($1500 lease cash applied)
Monthly – $379+ tax
RWG Rating – 84.4

For Dealer Quotes, CLICK HERE.

2011 Kia Optima EX ($1,500 cash incentive)
36-month | 15k miles | residual 50% | .00065 base money factor

2011 Kia Optima SX ($1,500 cash incentive)
36-month | 15k miles | residual 47% | .00032 base money factor

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2011 Kia Lease Rates – May 2011

Kia residuals, as expected, aren’t very high. However, cash incentives and reasonable money factors make them a decent lease. I personally prefer the Sonata over the Optima due to its more refined cabin. But the exterior styling of the Optima speaks volumes as to how much Kia has progress in the past few years. The lease cash ends 7/5, so if you are looking for a Kia Optima, now isn’t a bad time to start shopping.


Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.

2011 Kia Optima EX
MSRP – $23,190
Sale Price – $20,425 ($1500 lease cash applied)
Monthly – $266+ tax
RWG Rating – 87.7

For Dealer Quotes, CLICK HERE.

2011 Kia Optima EX ($1,500 cash incentive)
36-month | 15k miles | residual 50% | .00065 base money factor

2011 Kia Sorento AWD LX I4 ($1,500 cash incentive)
36-month | 15k miles | residual 50% | .00094 base money factor