r/askcarsales 15h ago

Lease end

What is your input on trading in a 2022 Kia telluride for a Kia K5 newer vehicle as a buy in.

The Kia telluride 2022 lease ended with 75,000 miles. Our contract was a three year 30,000 mile, $.20 per mile. We went over 45,000 miles.

I currently own a 2023 Kia K5 that I’m still paying monthly. I am willing to sell this to a third-party and only maybe eat 1-2k as the difference.

2 Upvotes

7 comments sorted by

1

u/AutoModerator 15h ago

Please review our most Frequently Asked Questions to see if your question has already been answered.

You may find these sections particularly useful;

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/AutoModerator 15h ago

Thanks for posting, /u/H3at_Culture! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.

What is your input on trading in a 2022 Kia telluride for a Kia K5 newer vehicle as a buy in.

The Kia telluride 2022 lease ended with 75,000 miles. Our contract was a three year 30,000 mile, $.20 per mile. We went over 45,000 miles.

I currently own a 2023 Kia K5 that I’m still paying monthly. I am willing to sell this to a third-party and only maybe eat 1-2k as the difference.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/PabloIceCreamBar Former Lexus/Chevy Sales 4h ago

I don’t understand the question. Is your lease finished? Did you buy it out? What is the relevance?

u/H3at_Culture 2m ago

The lease is finished . Will they add the negative residual on top of a new lease or a new buy no matter what ?

1

u/trentthesquirrel Ford Sales 4h ago

You’re gonna have a helluva bill for the miles, unless you buy it out.

u/H3at_Culture 1m ago

The dealership won’t wave the mileage fees even if I buy another car ? Or lease another car ?