Kia buy back / trade up program - Kia Cadenza Forum
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post #1 of 10 (permalink) Old 10-10-2017, 09:24 AM Thread Starter
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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 09:49 AM.
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post #2 of 10 (permalink) Old 10-10-2017, 09:56 AM
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Probably just trying to sell a car, but I will tell you the 2017 cadenza is better in nearly every conceivable way that the old model.
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post #3 of 10 (permalink) Old 10-10-2017, 11:14 AM
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Quote:
Originally Posted by tamak View Post
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.
I knew my MBA would come in handy one day. The finance department would not be challenged too much to keep your payments but there is no doubt that term will be extended a zillion months .On a personal note I traded in my k900 took a haircut bit moved to a 2016 premium tech package ( different nomenclatures in Canada ) and I really enjoy my Cadenza , my K900 not so much. Maybe they have changed it but my 2015 k900 did not have a touch screen all screen functions were either voice recognition ( which was the Shits ) or the joy stick which was a pain inn the ass. Further more the K900 was a huge gas guzzler

Last edited by funnyman7915; 10-12-2017 at 11:05 AM.
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post #4 of 10 (permalink) Old 10-10-2017, 12:32 PM Thread Starter
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Wow, so you went from a k900 to a cadenza? What year was the k900?

The joystick that was a pain was the round knob that is in the center console to change gears?

Quote:
Originally Posted by funnyman7915 View Post
I new my MBA would co,me in handy one day /It will not be hard to maintain your payments but there is no doubt that term will be extended a zillion months .On a personal note I traded in my k900 took a haircut bit moved to a 2016 premium tech package ( different nomenclatures in Canada ) and I really enjoy my Cadenza , my K900 not so much. Maybe they have changed it but my 2015 k900 did not have a touch screen all screen functions were either voice recognition ( which was the Shits ) or the joy stick which was a pain inn the ass. Further more the K900 was a huge gas guzzler
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post #5 of 10 (permalink) Old 10-10-2017, 01:19 PM
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If your original agreement was for $600.00 a month for 72 months. You will get a new car
and owe $600.00 a month for 72 more months. That is what my dealer told me.
9 more payments and the 2015 K900 is payed off. Don't know yet what I'll
trade for. Still own a 2014 Cadenza(or wife does) that's paid for.
Maybe wait a year with no payments then trade both for one car.
Only thing I really don't like on the K900 , is no touch screen.
Use that mainly for the highway and Cadenza in city.
Just a program to get you in to the dealership and think you are
getting a deal.
You can get the same thing by just going to a dealership.

Last edited by gene; 10-10-2017 at 01:25 PM.
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post #6 of 10 (permalink) Old 10-12-2017, 07:11 AM Thread Starter
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Update: yeah, it was pretty much just trying to coax a previous "VIP buyer" into a new vehicle, no real 'deal' just basically to get gauge your interest in buying something new and paying LONGER... smart though.

It was really tempting, sitting in the 2017 cadenza.... and looking in the rear view mirror at mine (didn't help that it was really dirty and in need of a good wash at the time)... But resetting the clock on the payment term (being done paying in 2023 vs 2021) is just a non-starter for me because I'm thinking about buying a house in the next year or two maybe.

I DID also revisit the K900 and gave it another thought, but its just too fancy for my daily driver tastes, the Cadenza is a better fit.

The Stinger they had on showroom floor looks more like a toy in person, but it looks fun to drive.
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post #7 of 10 (permalink) Old 10-12-2017, 11:14 AM
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Originally Posted by tamak View Post
Wow, so you went from a k900 to a cadenza? What year was the k900?

The joystick that was a pain was the round knob that is in the center console to change gears?
Yes and I have not regretted it one bit . In Canada , at that time I had the option of a V6 which was considerably less dollars and guzzled less gas .I never found the V6 lost any get up and go. I found the K900 to be too big , my wife hated the size and I disliked the lack of a touch screen . and yes the joy stick is the brown control knob in the middle . I not only disliked it I found it very hard to use especially in setting radio , am fm and Sat stations . I did like the auto trunk close and the leg room in the back seats for my guests but the Cadenza is a really nice car, better looking and way better on gas I mean hugely better . I took a haircut but I don't regret it for a second and my wife loves driving in the Cadenza Happy wife happy life
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post #8 of 10 (permalink) Old 10-20-2017, 10:43 PM Thread Starter
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Thanks for that perspective funnyman7915. I like the k900 and was really tempted to treat myself after a couple of national awards and raises I received at work this year, but that car is just NOT a good fit for me as a daily driver... all the things you mention are things that I think I also would have issues with !

Update: I got a call this week and they are fairly certain they can get me in a 2017 LIMITED (I told them I didnt want to step down from my 2015 Limited, I needed the maxed out package if I was going to upgrade), keeping SAME loan term, and keeping SAME payment....

I think its a gimmick and they'll ask for something, but its a no brainer for me to do this I think and I'm going in tomorrow to see what they can do. I'll give the an hour max and then I'm leaving to enjoy my weekend. Worst case I go wash the 2015 Limited and I'm still good, no harm no foul. (I'm kind of hoping I get a new one though!!!!)
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post #9 of 10 (permalink) Old 10-21-2017, 09:29 AM
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2017 limited is a lot of car for the money and beautiful inside and out, good luck!!
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post #10 of 10 (permalink) Old 10-23-2017, 08:24 AM
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Of course you can have the same term and payments, but you're going to pay out the nose for your down payment to get that. No dealer is going to give these cars away and take a hit. If it looks too good to be true, it probably is, be sure to read ALL of the paperwork. If they seem agitated or wanting to hurry you along, all the more reason to read it even slower.

2014 Kia Cadenza, Metallic Bronze and Beige, Lux Package

Leased 3/1/14
Purchased 1/28/17

Additions:
-Full Korean K re-badge
-Ultra Racing Performance front strut tower bar
-Racing sport pedals

Cadenza products available at: https://www.k5optimastore.com/collec...denza-products
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