The Kia Stinger is one of the big surprises in the big sports sedan market. Brought to us by the guy who worked on the E39 BMW M5, the Stinger offers the driving verve and premium feel similar to its elite European rivals.
If you’re curious about this sports sedan but can’t quite afford to buy one, you should consider getting a Kia Stinger lease.
Today, we have a Kia Stinger lease guide about the things you need to know before signing a lease contract. We recommend that you keep reading, especially if you’re new to car leases in general.
How Does a Kia Stinger Lease Work?
Leasing a Kia Stinger is essentially similar to renting a car from the dealership. The lease allows you to drive the Stinger from a dealership for a predetermined amount of time and miles. Similar to a car loan, you make monthly payments for your Stinger lease, but in the end, you’re required to return it.
Typically, a car lease for a Stinger ranges from 24 to 48 months (two to four years) but depending on the dealership, you may negotiate the exact months in between or go over/under the usual term limits.
In some instances, although you’re dealing with the dealership, you’re not actually leasing the Stinger from them. In reality, you’re leasing it from a lessor (usually a finance company) who buys the Stinger from the dealer and leases it to you.
Step-by-Step Guide on How to Lease a Kia Stinger
Understand how car leasing works
Not knowing what you’re getting into is a surefire way to get an unpleasant leasing experience. Most people just look at low monthly payments and sign the contract. But in reality, leasing isn’t for everyone, and it comes with its unique rules and conditions.
Research the Kia Stinger’s pricing
Before stepping inside a dealership, know all the essential pricing information about the Stinger, such as its MSRP, invoice price, and market price (what people are paying). For the MSRP, the Kia Stinger manufacturer’s page should have the information you need. The invoice and market prices should be available in car shopping sites like Car Gurus or Edmunds.
BE CERTAIN YOU’RE GETTING THE BEST DEAL
CoPilot searches your area and lets you know if there’s a better deal on a similar vehicle nearby, so you’re always certain you got the best deal possible. The CoPilot app is the smartest way to buy a car.
Know how lease payments work
You’ll be at a huge disadvantage if you walk into a dealer without knowing how lease payments work. If you know how lease payments are calculated, you’re bringing the ball into your court and giving you the power to negotiate. In general, you’ll always want to negotiate for the price of the Stinger and determine how many monthly payments you have to make.
Know how to evaluate a lease offer
Knowing if a lease deal is good or not can be a game-changer. Any good lease offer will involve a good vehicle price; other factors can come into play as well. Ideally, you want an excellent vehicle price plus high residual value and/or low money factor.
Check online for manufacturer lease deals
Lease deals have become more popular because more companies have made leasing more accessible via promotional deals. Car companies will have regular offers and deals on selected models and trim levels, and they usually last for a good month or so. In this case, check Kia’s website if they have active lease deals or offers for the Stinger.
More often than not, subvented manufacturer deals are better than the negotiated deals by customers due to several factors like reduced money factor and lowered lease price.
THE BEST CARS FOR COLLEGE STUDENTS
Whether you’re squeezing into a tight campus parking spot or hauling ten loads of laundry back home, these best cars for college students will get you, your friends, and your stuff where you’re going.
Buy extra miles
Frequent drivers may want to negotiate for a lease with higher mileage limits. Otherwise, if you don’t drive more than 15,000 miles per year, you may skip this step.
Arranging for extra miles at the beginning of your lease can help you save money if you drive a lot. If you exceed your limits, you will incur expensive mileage overage fees - as much as 25 cents per mile. However, leasing isn’t a practical choice if you exceed more than 20,000 miles per year.
Avoid add-on products
Once you’ve settled on a Kia Stinger lease, you’ll meet with the dealership’s finance office to finalize. However, it’s the finance officer’s job to try and sell you add-ons to your lease. Extra products like security systems, credit insurance, paint sealant, wear-and-tear insurance, etc., may look tempting, but they can be very expensive.
Just outright refuse all of them. Even if you’re interested in these add-ons, you may find them cheaper than other providers.
HOW OFTEN SHOULD YOU REPLACE YOUR BRAKES?
Unless you’re a mechanic or super-dedicated car enthusiast, you might not know much about the brakes on your car. How long do they typically last? How often should you replace your brakes? We’ve got answers
Finalize the contract
If you have to, double or triple check the contract and make sure all the numbers add up, and nothing extra was added to your Stinger lease. When there’s something you’re not sure about, feel free to clarify it with the salesperson. Don’t sign the contract unless you’ve reviewed and are satisfied with all the figures and terms.
Enjoy your stinger and understand the obligations
Like renting an apartment, your new car lease comes with several obligations. You’ve signed a contract that obligates you in many ways, like how many miles you can drive, who can drive the car, how much wear and tear is allowed, and many more. Understand these obligations to make your leasing experience smooth and hassle-free.
Kia Stinger Lease: What to Expect?
According to TrueCar, if you get a 2022 Kia Stinger lease, expect to pay around $459 per month for a 36 months contract with a 12,000 mileage limit. Alternatively, we highly recommend using Kia’s Payment Calculator to give you an idea of how much your monthly payments will be.
For instance, leasing the 2022 Kia Stinger GT-Line will cost you $418 per month with a 36-month term, 15,000 mileage cap, $2,000 down payment, and 720 credit score. There are various active deals and discounts available, so your mileage may vary. Finally, your final numbers may depend on which local dealer you choose to get your lease from.
Get a Curated List of the Best Used Cars Near You
The CoPilot car shopping app is the easiest way to buy a car. Tell us what you’re looking for and we’ll search the inventories of every dealership in your area to make you a personalized list of the best car listings in your area.
Only looking for newer models? CoPilot Compare is the search engine for nearly-new cars. Only see cars five years or newer with low mileage — CoPilot Compare is the best way to find off-lease, early trade-in, and CPO cars.
The best part? CoPilot is built using the same technology that dealerships use to buy and sell their inventories, so we have more info on each vehicle than competitors. CoPilot doesn’t work with dealerships, so there are no sponsored posts or other shady practices — just the most info on the best cars. Check out our About Us page to see how CoPilot works.