[Kia Canada] Kia Sorento 84-month 0% Finance w/ first 6 Payments covered
- Deal Link:
- https://www.kia.ca/build-and-price-kia
- Expiry:
- June 30, 2020
- Retailer:
- Kia Canada
Saw this on a Youtube Ad funny enough. Currently, Kia (and to a similar extent Hyundai) is having a financing promotion on select 2020 models. This 7-seater MID-SIZE SUV has boasted solid reviews and Kia has cemented a positive reputation in North America (their older 4 Cyl engines had their fair share of issues). Looking at this car segment, it's still competitively priced to its contemporaries.
84-month finance option on an LX V6 model costs $511.58 monthly (I HIGHLY recommend the V6 model as the base engine is lacking in power) with %0 down payment, no trade-in and no other rebate bonuses. Base model would be $442.97 monthly. The first 6 monthly payments are covered, which is very helpful during this time, up to $4500. But in order to receive the full benefit, you would need a monthly payment of $636 which is steep for most. At the low end, you'd be looking at $2,657.82 in savings.
Anyways, you should see most automotive dealers releasing offers as their sales have slowed significantly due to Covid-19, but I hope this helps out anyone who is looking for a 7-seater SUV. And please READ REVIEWS on this vehicle and check it out before committing. I do not own this vehicle, I have one colleague that owns a 2018 model and he is happy with it. And, of course, happy haggling
Edit: so there have been quite a few comments in this thread that I just wanted to clarify. The 84 month option is the longest option available, however there are shorter 0% terms available. The longer term simply allows a lower rate. You can bring these prices down through negotiation, NEVER pay MSRP. Kia's reliability has increased quite a bit, as I mentioned, there were bad problems with their smaller engines in the past. This isn't a 'covid' deal per se; 0% financing is not uncommon, however, the 6 months payments (taking you to December before you make a payment yourself) is. Dealers are trying to encourage buyers to make a purchase due to sales stagnation from the climate. Dealer inventory was already purchased when the vehicles were released. The Sorento (and 7-seater SUVs in general) does not usually see as high sales volume like other smaller vehicles in their line-up further pressuring them to move some stock off the lot. The Sorento is also seeing a refresh for the year 2021.
84-month finance option on an LX V6 model costs $511.58 monthly (I HIGHLY recommend the V6 model as the base engine is lacking in power) with %0 down payment, no trade-in and no other rebate bonuses. Base model would be $442.97 monthly. The first 6 monthly payments are covered, which is very helpful during this time, up to $4500. But in order to receive the full benefit, you would need a monthly payment of $636 which is steep for most. At the low end, you'd be looking at $2,657.82 in savings.
Anyways, you should see most automotive dealers releasing offers as their sales have slowed significantly due to Covid-19, but I hope this helps out anyone who is looking for a 7-seater SUV. And please READ REVIEWS on this vehicle and check it out before committing. I do not own this vehicle, I have one colleague that owns a 2018 model and he is happy with it. And, of course, happy haggling
Edit: so there have been quite a few comments in this thread that I just wanted to clarify. The 84 month option is the longest option available, however there are shorter 0% terms available. The longer term simply allows a lower rate. You can bring these prices down through negotiation, NEVER pay MSRP. Kia's reliability has increased quite a bit, as I mentioned, there were bad problems with their smaller engines in the past. This isn't a 'covid' deal per se; 0% financing is not uncommon, however, the 6 months payments (taking you to December before you make a payment yourself) is. Dealers are trying to encourage buyers to make a purchase due to sales stagnation from the climate. Dealer inventory was already purchased when the vehicles were released. The Sorento (and 7-seater SUVs in general) does not usually see as high sales volume like other smaller vehicles in their line-up further pressuring them to move some stock off the lot. The Sorento is also seeing a refresh for the year 2021.
Last edited by Ferny111 on Jun 25th, 2020 2:01 pm, edited 6 times in total.
