Lease rates for March 2018

[Victor]

Looks like this month's interest rates have finally started to come down a little.
The 48 month lease has been my target. With 1% less, there is about a 46$ drop.
That's still 884$ per month with zero down on 24K annual KM, which is a lot when compared to luxury marques' offers at much higher MSRPs.
I see some hope though, if they keep dropping those rates. At 1.99% this would be perfect as I'm looking at an 800$ or less per month lease for the GT Limited.

I do wish that residual was higher. 20 000$ on a 52 000$ vehicle after 48 months is ridiculous; they must really doubt their own product has lasting value.

Crossing my fingers for better results in 2 months when my lease is almost up!
Anyone else in the same boat?

 

[CanadianGuy]

That's great news for you Victor, I purchased mine in January and I intend to keep this car for a long time.

 

[Stingin' Away]

I would assume they are keeping the residual's high because they will make more money. More money on the lease and more money when the car is returned and sold. It's a great strategy but it doesn't do much for the customer. CPO in 3 years will be about $30k depending on mileage. That's more like it

 

[Victor]

I would assume they are keeping the residual's high because they will make more money. More money on the lease and more money when the car is returned and sold. It's a great strategy but it doesn't do much for the customer. CPO in 3 years will be about $30k depending on mileage. That's more like it

Well that just means I'll go to the bank, cut a 20K cheque + tax, pay Kia, and sell it myself and make a good 5-6K.

 

[Victor]

That's great news for you Victor, I purchased mine in January and I intend to keep this car for a long time.

That's a more winning proposition if you're ok with the higher cost for financing. At least you aren't taking the hit on residuals!

 

[Stingin' Away]

Well that just means I'll go to the bank, cut a 20K cheque + tax, pay Kia, and sell it myself and make a good 5-6K.

Lol if there?s a will, there?s a way