Kia Lease Deals

 

Are you searching for a new car or SUV? When it comes to getting a new model at Ewald Kia, you have two options. You can either buy or lease at our Milwaukee Kia dealer. Our financing experts at Ewald Kia will help you evaluate the right fit for your needs and budget.

 

One of the benefits of leasing is the plethora of Kia lease deals at your fingertips. These deals reduce the financial strain on your pocket while offering benefits. Read on to learn more about Ewald Kia’s Milwaukee lease deals below.

 

How Do You Negotiate A Car Lease?

 

Many people assume that a lease’s monthly payment is etched in stone. But that figure can be negotiated just as if you were buying the Kia. Below we will give you some tips to negotiate the best Kia lease deals:

 

• Lease the right Kia at our Milwaukee Kia dealer. The key to getting a good Kia lease deal is to find a car or SUV that meets your needs and budget.

• Know what you can’t negotiate. A car’s residual value, tax, and mandatory fees like registration are set by another entity. Our Kia dealership near you does not have a hand in determining those numbers.

• Know what you can negotiate in a Milwaukee lease deal. The biggest thing to haggle over is the price of the Kia. So, you can have a lower lease payment if you negotiate it lower.

• Know your mileage. Make sure that you accurately assess how much you drive throughout the year. Estimate too low, and you will have to pay more for extra mileage. In comparison, overestimating can have you paying too much for depreciation.

 

Is It Cheaper To Lease A Car Then Buy It?

 

Leasing lets you get behind the wheel of a Kia without a substantial financial commitment upfront. A Kia lease eases the monthly cost to a more manageable and affordable number. It also lets you drive a luxurious car or SUV that you might not be able to afford otherwise. 

 

Does Leasing A Car Build Credit? 

 

You have to pay it off in regular, monthly payments when you take out a Kia lease. Your credit score will increase if you make your payments on time each month. However, if you miss a payment or are late with one, your credit score can be hurt.

 

What Credit Score Do I Need To Lease A Car?

 

The exact credit score you need to lease a Kia is different from dealership to dealership. But, according to NerdWallet, the minimum credit score is 620 to lease at most dealerships. Ewald Kia is willing to work with all of our customers to determine the right option for them.

 

How Are Lease Payments Calculated?

 

You can calculate your lease payments by assessing and adding the depreciation fee, plus a financing fee and monthly sales tax. If you want to calculate your payment yourself, below is Ewald Kia’s formula:

 

1. Start with the sticker price (MSRP) of the Kia you are interested in.

2. Take the Kia’s MSRP and multiply it by the residual percentage.

3. The MSRP multiplied by the residual percentage equals the residual value.

4. Take the negotiated selling price of the Kia. Then, add in the fees to get the gross capitalized cost.

5. Then subtract your down payment, and rebates from the gross capitalized cost. The result is your adjusted capitalized cost.

6. Subtract the residual value from the adjusted capitalized cost. This equals your depreciation value.

7. Divide the depreciation value by the number of months in your lease. This is your base payment.

 

If you don’t want to calculate your lease payment for your Kia yourself, you can come to Ewald Kia’s Finance Center to have an expert do it for you. They will run through it step-by-step so that you know how much you would pay for a Kia lease.

 

What Are Disadvantages Of Leasing A Car?

 

While Kia leases have a lot of benefits, there are a few disadvantages that you can have when you choose to lease. Below is a breakdown of them:

 

• You don’t own your car. You won’t own your car at the end of your Kia lease.

• A limited number of miles. Every lease agreement has a fixed number of miles you’re allowed to drive without a penalty. But, if you go over that number, the cost of your lease can go up substantially.

• No customization options. The car or SUV is still our dealership’s property when you lease a Kia. So, you don’t get to customize your car to your specifications.

 

What Is The Best Lease Deal Right Now?

 

Our Kia dealership near you offers our customers excellent lease deals year-round. But, they change regularly. So, check out our website or contact our financing experts to see what Kia lease deals are available at Ewald Kia.