Kia Lease Deal Too Good to be True?
I received a tip from a reader alerting me to "the best lease deal right now in the country". It piqued my interest, so I had to look into it.
Here is what the reader claimed: A Kia dealership in Cape Coral, Florida is leasing brand new luxury 2015 Kia K900s for $375 per month, with $0 down - including tax, tags, and fees, plus free oil changes. This is for a 36 month lease, with 12,000 miles per year.
The Kia K900 Premium has an MSRP of $55,455. I calculated the deal using my lease formula, which came out to an unprecedented $67.65 per $10,000 worth of vehicle. Normally, anything under $135 is a good lease deal. Anything under $100 is exceptional. I have never seen anything under $75 (other than electric vehicles, which is not an apples-to-apples comparison since they come with tax rebates).
This deal seemed too good to be true, so I called the dealership and spoke to Lou Ruffini who confirmed the deal. He said all fees and taxes were included in the $375 per month deal, the only requirement being that you need to have a credit score of 700 or higher to qualify. The dealership reportedly has 40 to 50 of these vehicles in stock with an additional 75 set to arrive soon, so there should be a lot to choose from.
Their web site is currently advertising the deal with the following ad.
The reader who originally submitted the tip told me he visited the dealership and confirmed the deal was real (although he decided not to lease the car because he didn't like the seats).
The K900 is Kia's flagship model and is designed to compete with mid-to-large luxury sedans such as the BMW 5-series, Audi A6 and Hyundai Genesis. Basketball star Lebron James became the official ambassador for the K900 after he reportedly fell in love with it and contacted Kia to help promote it. Sales of the K900 have been disappointing, so this deal may be a way to spur sales by getting the model out on the roads where other shoppers can see it and inquire about it.
If you live near Cape Coral, Florida - and are in the market for a luxury vehicle, I don't think you'll find a better deal than this. If you're interested, you can contact Lou Ruffini at (239) 242-7000 or email him at Lmr7187@aim.com. Lou has assured me that his dealership does not play games and that they will honor this deal for my readers.
Please NOTE: I have no relationship with this dealership, so I cannot guarantee the accuracy of this deal or the reputation of this dealership - I'm merely alerting readers to a potential great deal, please do your own due diligence and keep an eye out for any hidden gimmicks or tricks. I'm leaving comments open below so you can provide feedback and share your experience with my readers. If there are any funny games being played, please inform us and I'll update this page immediately.
If you know of other exceptional deals available right now, send me an email.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.Latest Weekly Car Buying Tips
May 2024
- Best Car Deals by Category May 30, 2024
- Top 100 Cheapest New Cars for 2024 May 30, 2024
- Price Comparison of Subcompact SUVs May 30, 2024
- Largest Hidden Dealer Rebates May 30, 2024
- Best Memorial Day Car Deals 2024 May 23, 2024
- New Cars with the Most Available Inventory May 23, 2024
- Real Prices of Midsize SUVs May 23, 2024
- Cheapest Luxury Lease Deals May 23, 2024
- Top 100 Cheapest Lease Deals May 16, 2024
- Cars With the Largest Rebates May 16, 2024
- Which Cars Better to Lease or Buy May 16, 2024
- Real Prices of Pickup Trucks May 16, 2024
- Best 0% Finance Deals May 2024 May 12, 2024
- Best Bang for Your Buck Lease Deals May 09, 2024
- Best Electric, Hybrid Lease Deals May 09, 2024
- Biggest Discounts on New Cars May 09, 2024
- Biggest Price Drops on New Cars (Spring 2024) May 02, 2024
- Best Car Deals Around the Country May 02, 2024
- Real Prices of Compact Cars May 02, 2024
- New Cars You Should Wait to Buy May 02, 2024
April 2024
- Real Prices of New Compact SUVs Apr 25, 2024
- Worst Cars to Lease Right Now Apr 18, 2024
- Real Prices of Midsize Cars Apr 18, 2024
- Real Prices of Large SUVs Apr 04, 2024
Leave Your Comments or Questions