Yes, I ordered on February 23rd, the first day orders opened up. I locked in my price at $500.00 below invoice, plus got every incentive possible, including military and Founders Club first payment paid. I bought it from the same place I got my Stinger. I was very lucky.
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How many of you are paying MSRP or above MSRP and why
- Thread author Pmauro55
- Start date
Yes, I ordered on February 23rd, the first day orders opened up. I locked in my price at $500.00 below invoice, plus got every incentive possible, including military and Founders Club first payment paid. I bought it from the same place I got my Stinger. I was very lucky.
Do you mind telling me which dealership to use?
njchpd
FOUNDING MEMBER
Suckers would be a much better word for those buyers.
Now don’t go hurting people’s feelings with your rational thinking njchpd!! 
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Anytime you buy a vehicle any make any model the vehicle instantly depreciates 10 - 15% off MSRP it’s just a fact of the car industry, then on top of that if you pay 5k over MSRP that is above and beyond the depreciation from driving the car off the lot.( some people here have paid 10k over MSRP). So if you paid 50k for a 45k vehicle you are already 5k upside down, add to that the 15% depreciation (6750.00) making the vehicle value (38,250.00) for driving off the lot puts you 11750.00 upside down if you total the car 100 ft from the dealers lot. And I’m not sure gap insurance covers the 5k over MSRP. So the point is people are being ripped off by dealers who mark up these vehicle 5-10k just because they can, knowing there will be a grape that walks in and will pay their crazy price
G
G-701278
I really wish people would stop referring to the value change as depreciation. Although the effect is similar, they are two different concepts.
The fact is, people are willing to more more for something not previously used. The more used something is, the less people are willing to pay.
Depreciation is entirely an accounting term which allows for the prorated expense over time for capital expenditures and tax avoidance purposes.
MSRP is nothing more than a suggested price. Value is personal and a different concept.
The fact is, people are willing to more more for something not previously used. The more used something is, the less people are willing to pay.
Depreciation is entirely an accounting term which allows for the prorated expense over time for capital expenditures and tax avoidance purposes.
MSRP is nothing more than a suggested price. Value is personal and a different concept.
@Pmauro55 (and others), New vehicles do not "depreciate" as soon as they leave the lot. Although a common misconception, this is not depreciation.
What new vehicles lose once they are purchased is the "premium" which buyers are willing to pay for something that was not previously owned. This applies to most all things, not just automobiles (underwear, meals, socks, phones, etc.
We, as human beings, often prefer to have something someone else has never used/abused; and we are willing to pay a premium to do so. A dealer "Demo" vehicle, so long as it is previously untitled, will garner a higher price than a used vehicle with the same mileage.
Depreciation is an accounting term, period. Depreciation is a non-cash expense that reduces the value of an asset as the result of wear and tear, age, or obsolescence over the period of its useful life. The moment it takes to drive off a lot does not create wear and tear, significant age, or obsolescence.
What gives one person the right to judge that the premium another buyer placed upon a new vehicle is "stupid" just because they didn't place as high a value on it? Nothing other than an over-inflated view of self.
GAP coverage varies by insurer. Some cover up to 50% shortfall. Most cover at least 25%, which on a $48,000 vehicle is $12,000 plus, taxes. Thus, a $48,000 new SX-P with GAP coverage will pay off a loan of $60,000.
Someone can't be "ripped off" if they agreed to a price equal to the value they determined. They are not "crazy," "grapes," "clowns," or anything other than another buyer with different needs wants, economic circumstances, and values than you.
Your determination of value IS NOT equal to another persons, and you are in no position to assert otherwise.
Everyone who thinks their determination of value is absolute is self-absorbed.
Agree 100%....
People who pay a premium to buy luxury vehicles are faced with 45% or more depreciation after just 3 years. Are people up in arms about those “clowns”?
Yeah, yeah....KT is not classified as a “luxury” car, so it shouldn’t have a luxury car price. At MSRP, you are getting a fantastic deal compared to competition. If the KT had a MB, BMW badge, it would be sold for much, much more and no one would bat an eye.
I’ve also noticed many people purchasing the KT are first time KIA owners and former owners of “luxury” vehicles who appear to be very happy with their decision. The KT stands on its own!
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G
G-868176
Bet you got blown out of a lot of Kia dealers sold one yesterday $11000 over now we can help out 5 people with bad credit and $2000 bank fees to get approved own a 20 million building then talk have to have profit to make volume
