2019 Sportage LX Pricing - Kia Forum

 
LinkBack Thread Tools Display Modes
post #1 of 8 (permalink) Old 11-21-2018, 12:02 AM Thread Starter
Full Member
 
zipit555's Avatar
 
Join Date: Jul 2016
Location: PA
Posts: 100
Drives: '17 Sportage EX Prem/Tech
Gallery: 0
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 40 Post(s)

Thread Starter (Thread Starter)
2019 Sportage LX Pricing

Bro in Law is looking to pick up a '19 Sportage LX by the end of the month. What kind of discounts are you all seeing out there right now. Looks like there are $2500-$2750 available in rebates ($2000-$2250 Kia Mfg Rebate ...not sure which and $500 SUV bonus cash). So far I have gotten between 13%-17% off MSRP including rebates and similar fees (lic/plate/doc fees). Any thoughts?

zipit555 is offline  
Sponsored Links
Advertisement
 
post #2 of 8 (permalink) Old 11-21-2018, 05:29 AM
Full Member
 
Join Date: Oct 2017
Location: West Virginia
Posts: 137
Drives: 2014 Sorento LX V-6
Gallery: 0
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 31 Post(s)

Don't forget $400 Military Rebate if applicable. There is not a lot of markup on the LX, so don't expect the dealer to come off MSRP more than maybe a few hundred $$.

They make a lot of the profit on selling the trade in, so make sure they don't give you a "great deal" then turn around and give you low-ball on your trade. Last year, when I traded in my parent's 2014 Sorento with 39K miles (estate sale), it looked like it just came out of the showroom. Plus, they had just done the transmission flush and differential flush at 30K miles, as well as all maintenance. Three dealers only gave me "Fair" KBB trade-in. I bought elsewhere, where the dealer gave me $3K more than them.

MSgt, US Air Force (Retired)
Church Organist/Pianist
pnoman is offline  
post #3 of 8 (permalink) Old 11-21-2018, 06:04 AM
Expert
 
Join Date: Apr 2017
Location: Orlando, FL
Posts: 701
Drives: 2017 Kia Sportage SX
Gallery: 0
Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 305 Post(s)

You are far better off doing a private sale on your old car. You will get more out of it, and the buyer will also save money. I know that's hard to get the logistics on, but worth the effort.
pcguy is offline  
 
post #4 of 8 (permalink) Old 11-21-2018, 06:47 AM
Full Member
 
Join Date: Oct 2017
Location: West Virginia
Posts: 137
Drives: 2014 Sorento LX V-6
Gallery: 0
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 31 Post(s)

Quote:
Originally Posted by pcguy View Post
You are far better off doing a private sale on your old car. You will get more out of it, and the buyer will also save money. I know that's hard to get the logistics on, but worth the effort.
You are correct for most transactions. Here in WV (and many states), you pay sales tax on the difference between trade-in and new car price. If your trade is not worth much (say, a few thousand $$), then yes it is best to sell privately. If your trade is worth $15K, then you would be paying an additional $900 tax here on your new car. (6% X $15,000).

MSgt, US Air Force (Retired)
Church Organist/Pianist
pnoman is offline  
post #5 of 8 (permalink) Old 11-21-2018, 07:49 AM
Expert
 
Join Date: Apr 2017
Location: Orlando, FL
Posts: 701
Drives: 2017 Kia Sportage SX
Gallery: 0
Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 305 Post(s)

Quote:
Originally Posted by pnoman View Post
You are correct for most transactions. Here in WV (and many states), you pay sales tax on the difference between trade-in and new car price. If your trade is not worth much (say, a few thousand $$), then yes it is best to sell privately. If your trade is worth $15K, then you would be paying an additional $900 tax here on your new car. (6% X $15,000).
If your trade at the dealer is 15k, a private party sale would likely be around 2 to 3 thousand dollars higher, so that's a gain of 3 grand vs 900 tax.... I will take the additional profit of $1,100 to $2,100 over what the dealer was willing to put up.
pcguy is offline  
post #6 of 8 (permalink) Old 11-21-2018, 07:57 AM
Full Member
 
Join Date: Oct 2017
Location: West Virginia
Posts: 137
Drives: 2014 Sorento LX V-6
Gallery: 0
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 31 Post(s)

pcguy - You are absolutely correct. Just saying you need to take this into account.

MSgt, US Air Force (Retired)
Church Organist/Pianist
pnoman is offline  
post #7 of 8 (permalink) Old 11-21-2018, 08:16 AM
Expert
 
Join Date: Apr 2017
Location: Orlando, FL
Posts: 701
Drives: 2017 Kia Sportage SX
Gallery: 0
Mentioned: 9 Post(s)
Tagged: 0 Thread(s)
Quoted: 305 Post(s)

another strategy people may not think about. Say you are several thousand upside down and you can't ride out the loan payments to get even on it. One possible option is the negotiate a sale price, figure out the remaining payoff, and use a 401k loan from your 401k account. The interest will be much lower, and you will still make earnings on the retirement money as you pay back plus interest. This could be better for you in the long run rather than eating the upside down into a new car loan at higher rate, and being even further upside down on the new vehicle. This is just using your retirement account as a vehicle to solve your problem, while not sacrificing the earnings power due to a withdrawal.

Of course, you would have to compare the new loan payment with and without utilizing the 401k loan, and account for the payments on that. In most cases it would likely be very worth the effort. earn money on your situation instead of letting others do it. Heck, if you have enough in the retirement account, finance the car yourself through it.
pcguy is offline  
post #8 of 8 (permalink) Old 11-21-2018, 10:11 AM Thread Starter
Full Member
 
zipit555's Avatar
 
Join Date: Jul 2016
Location: PA
Posts: 100
Drives: '17 Sportage EX Prem/Tech
Gallery: 0
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 40 Post(s)

Thread Starter (Thread Starter)
Quote:
Originally Posted by pnoman View Post
Don't forget $400 Military Rebate if applicable. There is not a lot of markup on the LX, so don't expect the dealer to come off MSRP more than maybe a few hundred $$.

They make a lot of the profit on selling the trade in, so make sure they don't give you a "great deal" then turn around and give you low-ball on your trade. Last year, when I traded in my parent's 2014 Sorento with 39K miles (estate sale), it looked like it just came out of the showroom. Plus, they had just done the transmission flush and differential flush at 30K miles, as well as all maintenance. Three dealers only gave me "Fair" KBB trade-in. I bought elsewhere, where the dealer gave me $3K more than them.
I was aware of the Military Rebate but not eligible. God Bless those that are!

No trade in so no shady "great deals" (and screwing you on the trade). Straight forward cash deal here.

Although not relevant to me, another strategy I used on my last "trade" on the purchase of my 2017 Sportage was this.

1) Find your own buyer yourself..........as others have mentioned, if you got the time, you will always do better selling it yourself.
2) Ask the dealer to do a courtesy buyback (other terminology is also used for this) Essentially the dealer will buy your car as a "trade" at the price you determine with your buyer. This way you get the advantage of the sales tax savings (Only paying sales tax on the difference between the new car price minus the trade.) Then they turn around and sell it to your buyer at your price you agreed to with your buyer. Some dealers won't do this and some will.

So here is an example. Say you are buying a new car at $30K. The dealer only wants to give you $8K for your trade. You find a buyer willing to pay $11K. You pay sales tax on $19K versus $30K and get the extra $3K in the trade in value.

This can be hard to pull off as you have to find a dealer willing to do it and also have a buyer willing to do it.

Last edited by zipit555; 11-21-2018 at 10:13 AM.
zipit555 is offline  
Reply

  Kia Forum > KIA Models > Kia Sportage Forum > 4G 2016-2018+ Sportage



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



  Similar Threads
Thread Thread Starter Forum Replies Last Post
2019 Sportage SX Sound system Brian Smith 4G 2016-2018+ Sportage 14 02-28-2019 11:33 AM
2019 Sorento SXL Pricing keku99 2016+ Sorento 13 08-08-2018 06:34 AM
Kia Sportage (2012) FCEV ArunPillai 2G (2003-2010) Sportage 5 11-15-2009 11:53 PM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On