California Kia Car Dealers

I was just quoted by Kia of Elk Grove (Sacramento, CA region) with a money factor of .00058 and a residual value of 50% along with the $1500 cash incentive for the I4 LX 2WD in Titanium Silver. Dealer says won't go below MSRP because there are only two of this color in this trim within 100 miles. Amounted to $3k due at signing and $289/mo. Kia.com has this model (#72222) special at $2999 down, $239/mo. The only way I can see one achieving this monthly price is if you qualify for $1k bonus cash (on top of $1500 incentive) and get the dealer to come down on selling price. In California, with 8.125% sales tax I came up with this: MSRP: $23590 - Cash Incentive of $1500: $22090 Due at signing: $2999 (fees + cap reduction) (Cap reduction: $2150) Money Factor: .00058 Residual: 50% Sales Tax 8.125% ($897.41 I think?) Monthly: $276.80 I'm not sure where lic/doc fees are going to go. This would be added to the selling price or subtracted from the cap reduction, right? "Due at signing" is $2999 which includes fees leaving you with a cap reduction of $2150 Dealer quoted me $2999 at signing and $289/mo. Would feel a lot better for a 2WD LX at $260.

Thought my experience might help. I am a traveling salesman, and after putting 188K on a 2003 Saab 9-3, which I really like, it was time for a change. I wanted better gas mileage, since gas is now $4.05 in my town, and a car that could still handle reasonably well. I wanted a manual transmission and liked the Optima since seeing it at the 2010 S.F. Auto Show. Mostly, manual transmissions are only offered on base models with many manufacturers, including on the Optima. I am O.K. with a non-turbo, relatively simple car with few frills (by current standards) because there are fewer components to break. I can also add my own alloys, pop-up sunroof, cc, intake and exhaust later to suit my own taste. After looking at 3 Optimas, driving 2 and putting an offer on 1 in No. Ca., which was refused, I felt that I was not being taken seriously. While travelling in SoCal, I saw an ad in the L.A. Times for an '11 LX, MSRP $19975, for only $15,995 at Kia Depot in Santa Ana. I went there the next day and test drove both a Suzuki Kizashi at one dealership and the Optima in Santa Ana. Although the Suzuki had a superior chassis & handling, I felt that the Kia had it beat in most other respects. I qualified for 2 of the 3 $500 rebates, the competitive & Kia Motors Finance, which brought the total to $16495. But the car had 2 extra dealer-installed options, tinting & an alarm upgrade, not disclosed in the L.A. Times, which brought the total to $17385 + tax, license & doc. Not quite the rippin' deal of the ad, but not bad. I was O.K. with the tinting, which was already on the car, but didn't especially want the alarm system. While working out the deal with the finance manager, Jorge Tejeda, I saw that I could refuse the alarm system. I said that I didn't want it, but he said that if I didn't take it, the deal was off. I thought about it for a moment and realized that it was the dealer attempting to get back some $ on this "loss leader," although I knew that the dealer didn't have that much into the tinting & alarm. But I decided that the deal was still solid enough, so I signed on and pick up the car tomorrow, and am looking forward to it. The salesman, Wade O'Loughlin was very patient. We test drove the car twice and he walked me through the contract while I was making sure it was correct; it was. Although I was coming back later to pick up the vehicle, Wade was adamant in following CA Law, which requires that a buyer take immediate possession of the vehicle, by having me literally drive it off the lot, then back on for storage. I contacted Wade again a couple of days ago to make sure that the vehicle did not have the "left pull" syndrome found on some Optimas. He made sure the service department rechecked the alignment and test drove it again, and assured me that it had no "left pull" issues. He also generously agreed to pick me up at LAX when flying in to pick up the car. I can recommend this dealer and salesman, but always be sure you know exactly what you want, or are willing to accept, when dealing with a dealer.

the numbers were for a 36-mo. lease in CA. But, being the first set of numbers, I don't trust them much, as the dealer, when I pushed him later, said 53% was possible. From my on-line observations, higher-optioned models usually have lower residual... 53% is quoted on the Kia's web site (Nov-2010 press release and in the current LX lease offer). 0.00034 MF seems on par with Sonata models (same parent co.). Despite lease money ($1000) and customer cash ($500), this particular dealer seems unwilling to get "selling price" below the invoice (but above cost)...

Here's the information that you're looking for, chatteremail. Kia's December buy rate lease money factor and residual value for a 36 month lease of a 2011 Sorento SX 4WD with 15,000 miles per year are .00131 and 49%, respectively. When negotiating your deal on this truck, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it. Car_man Host Prices Paid: Buying & Leasing Experiences Forum

Thanks for the update. The Kia rep. at the toll free phone center wasn't aware of its existence. I really liked the interior, I hope they would make it available on the other models. Maybe by Christmas they'll have them.