Niro 2020 EV lease experience

Discussion in 'Kia Niro' started by smdx, Jun 18, 2020.

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  1. smdx

    smdx New Member

    Hello,

    My Volt lease is up and braving to go in full EV mode. The Niro looks impressive and I am hunting for a good lease deal in bay are, Northern CA region. Love to hear your stories and tips for negotiating.

    Thanks.
     
  2. haizmanBrain

    haizmanBrain New Member

    Just turned in my 2nd leased Volt. If available I'd probably be on my 3rd, but I leased a 2019 EX Prem electric recently. Sale price was just over $40k. Lease cash provided by Kia was $10,100. I'm in SoCal. Here in CA there is a $2k state rebate that applies regardless if you purchase or lease, so I put $2k as a down payment - bringing the monthly payment to $375.
    The 2019's are mostly gone but you can find some good lease deals if you negotiate the price of the car as if it were a purchase. I vacillated between purchase with the 0.0% but ended up leasing because I have always believed in the strategy of leasing new cars, and purchasing used.
    I swung the extra $$ for the Premium because of the better sound system and cooled seats, but I would have been pretty happy with just the base EX model also. For that trim in my area, I could have got $9400 for lease cash with sale price of $35500. After the $2k down, payments would have been just over $300 per month.
     
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  3. Raleigh Ron

    Raleigh Ron New Member

    How many months on your lease?
     
  4. ArcticCoastie

    ArcticCoastie New Member

    on Saturday, I'm going to sign a lease on a 2019 EX Premium. I buying and registering the car in MD, whose sales tax rebate (up to $3k) is in stasis pending re-filling the fund, but my state legistator told me that would be extremely likely in the next legislative session). I negotiated the sale price of the car down to $40,200 sales price, with a cap cost of $30,100 on the car (pre-tax). I'm not putting anything down, and got the dealer to cover the first monthly payment, and they will pay off of my current Optima PHEV lease of $1130. With sales tax and doc fees included, monthly payment is $440/mo for 36 months at 10k miles per year. I usually drive 9k per year, and with the 'rona going around, i'm sure i'll be driving less than that.

    So, if you can get a 2019 EX Premium for less than $40k, i'd say jump on it. Hope this helps.
     
  5. haizmanBrain

    haizmanBrain New Member

    I did 36/10.
     
  6. VideoSteve

    VideoSteve New Member

    Be sure to check out LeaseHackr on the web.


    Sent from my iPad using Inside EVs
     

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