Kia buy back / trade up program
Been a while since my last post, still love my 2015 Cadenza Premium (w/ technology package)! I got an email from my local dealerships' "Acquisitions & Upgrades" department (though I doubt that's a real department but just used for this campaign) and the gist of the message was to inquire if I might be interested in letting them buy my vehicle (the message cited what their records show as the number of payments I have left and the amount of the payment, based on the deal I signed when I purchased the vehicle Im guessing)...
it stated at this dealership they sell more pre-owned vehicles and can trade me up to a newer vehicle, with no out of pocket costs or increased monthly payment -- i would RETAIN the same monthly payment is the language they used in our followup phone conversation.
Anyone familiar with this type of program from Kia? I've got my eye on trying to get a 2017 cadenza or k900 if they can swing it. I get the feeling it'll be either:
1.) "we can do your new deal, to get this awesome new car we'll need $$$ from you as a downpayment..."
2.) "we almost have the deal done but your monthly payment has to increase by $$ dollars (a non-starter for me... while I could handle the increase, I'm just NOT paying more, and I'm content with my 2015 Cadenza)
3.) I get the new vehicle and when I'm on my way into the office (driving way too fast!) I get a call to come back to the dealership, theres an issue with the deal (after they have bought my 2015) and now all of a sudden I have to cough up money or take an increased monthly payment.
Cynical, I know... it could be (?) that they desperately need to make room for 2018 line up and can get me a 2017 cadenza and then sell my current one CPO (only 30k miles and very close to like new).
I'll keep the forum posted and have an appointment today at 4:30 to get my vehicle "appraised" to see what they can do.
I'm sure the term of the loan probably resets to 0 and I pay longer but thats cool I guess.
Last edited by tamak; 10-10-2017 at 10:49 AM.