Best Kia Deals, Leases And Incentives For July 2022
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Kia has announced its lease and financing deals for July and they look higher than they did for June. That’s no surprise given constrained inventory and looming interest rate hikes, but even though most of the deals are modest, there’s still the occasional bargain on leases and now might be the time to snag a deal before rates continue rising.
The best deals are for 24-month periods, which lowers monthly lease rates on sedans and small SUVs like the Forte, K5 and Soul. But don’t expect anything lower than $200 per month. For financing, you can still snag plans under 2% but you won’t find any 0% offers.
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local deals:
2022 Kia Forte FE
$289 per month for
36 months for the FE Trim, assuming a $1,000
down payment.
MSRP
$19,090
More Info
The 2022 Kia Forte isn’t the most powerful compact sedan, but it’s roomy, well-priced with numerous features, and has more trunk space than competitors.
2022 Kia Rio LX
$278 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$16,450
More Info
The Kia Rio may be the brand’s smallest and cheapest offering, but it still offers a ton of value and sophistication that’s hard to ignore.
2022 Kia K5 LX
$386 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$23,790
More Info
Kia’s K5 sedan offers distinct styling, five trims (including a performance model) and affordable pricing.
2022 Kia Niro LX
$337 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$24,690
More Info
The Kia Niro, offered as a hybrid or PHEV, is the most fuel-efficient crossover on the market and an excellent value buy, but is due to be redesigned in 2023.
2022 Kia Telluride LX
$365 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$33,390
More Info
The 2022 Kia Telluride offers a hard-to-beat combination of style, features and room at a price that, model-for-model, undercuts many of its competitors.
2022 Kia Sorento LX
$386 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$29,590
More Info
The 2022 Kia Sorento brings a new plug-in hybrid powertrain and expanded availability of the off-road X-Line package to an already highly compelling lineup.
2023 Kia Soul LX
$253 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$19,790
More Info
The 2023 Kia Soul is more grown-up and refined than its predecessors but remains a fun, practical ride.
2023 Kia Sportage LX
$306 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$25,990
More Info
The 2023 Kia Sportage debuts with fresh styling and three new rugged adventure-ready trims. It’s the brand’s compact SUV. It offers lots of convenience and two engine choices, but it gets so-so fuel mileage.
2023 Kia Carnival LX
$423 per month for
36 months for the LX Trim, assuming a $1,000
down payment.
MSRP
$32,900
More Info
The all-new Kia Carnival successfully confounds the SUV/minivan dichotomy by cribbing useful features from each—and adding some others.
METHODOLOGY
Forbes Wheels scans ChromeData’s LenderDesk for the newest and best incentive and lease deals on a national basis, but also does independent research into local and regional market-based incentives.
The offers presented may not be as low as special lease deals advertised on dealer and manufacturer websites, which typically don’t include taxes or fees, and may apply to stripped-down models that lack popular options. Adding desirable features or higher trims might raise or lower the price depending on the manufacturer’s offerings at the time of the deal. For example, our data showed that a monthly lease payment on a Sorento Plug-in Hybrid, one of Kia’s more expensive models, ran nearly $420 per month with $3,999 due up front.
Additionally, 0% or special financing offers depend on creditworthiness, and may not be accessible to all consumers.
Are there good Kia Deals in July?
Leasing rates are increasing from June, but a $1,000 cash deal is available on the Stinger, which also has the lowest rate across the Kia lineup at 1.49% financing for 48 months. The monthly rates vary, from roughly $200 to over $400 on a subset of models. Base interest rates from Kia also remain relatively high at 2.90% in most areas.
Is 0% Financing Available?
There aren’t any 0% financing deals available, but there are some lower financing rates on shorter terms. The Soul is one of the lowest financing deals at 1.9% while the Stinger drops as low as 1.49%. The Forte and K5 sedan offer 2.9% financing for 48 months.
Which Kias Have the Best Deals Right Now?
The best deals on offer right now are on Kia’s sedans and small SUVs, like the Forte with $199 per month for 24 months and just over $3,000 due at signing or the Soul at $209 per month for the same period.
The recently refreshed 2022 Stinger has an attractive 1.49% financing deal for 48 months or a $1,000 cash back purchase deal. But for a shorter term 36-month deal it’s $399 per month with over $3,000 due at signing.
What We Expect Next Month
With interest rates set to rise, both leasing and financing will be more expensive next month. We expect the pattern of modest incentives to continue, but now’s a good time to drive a hard bargain on the Soul, Seltos, Forte and Stinger that have lower rate options this month
This article, Best Kia Deals, Leases And Incentives For July 2022, originally appeared on Forbes Advisor.
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