In LA, dealers are offering a $6,500 discount on top of the $7,500 Kia Cash for September, and it seems to apply across all their GT-Line inventory, not just one-off specials.
Do you think the $7,500 Kia Cash will stay the same in October? Is it typical for dealer discounts to be this high around this time of year? Could they get even higher?
I believe the 2025 EV6 is supposed to come out soon, right?
I live about 400 miles away and don’t want to drive down unless the discounts spread to Northern California.
From what I’ve seen, the 2025 EV6 is expected to come out either in Q4 of this year or Q1 next year, but nothing official has been announced yet.
Since the 2025 Ioniq 5 will get the $7,500 federal tax credit instead of a dealer discount, I expect Kia to keep the Kia Cash at $7,500 for the 2025 EV6 to stay competitive with Hyundai.
As for dealer discounts, I think they will either stay the same or go up as dealers try to clear out the 2024 models, but we’ll have to wait and see.
I’ve been waiting too, and I think the 2025 EV6 is delayed in the U.S. because they’re adding native NACS ports. There was a picture of one charging at a Tesla Supercharger with a native NACS port.
Kia announced that Tesla Supercharger access starts on January 15, 2025, so I expect we’ll see the 2025 EV6 before the holidays.
Kia will provide a CCS adapter, but they can advertise the 2025 EV6 as being able to use Tesla Superchargers without an adapter from January 15. The recent announcement said 2024 EV6 buyers after September 4 will get a free adapter, but they didn’t mention the 2025 model, so it looks like it won’t need one.
The Korean Car Blog says the 2025 EV6 will be announced in mid-November at the LA Auto Show, so it should be available around then. But if there’s a lot of leftover 2024 inventory, it might be delayed.
Kia Finance lease cash for the 2024 model is really high right now. In my NY zip code, there’s $15,700 lease cash for a 24-month lease on the 2024 GT-Line AWD and $13,700 for a 36-month lease. I’ve been tracking this for over a year, and the lease cash has been steadily increasing from $7,500 since April. I expect it to go up in October and continue rising until they clear out most of the 2024 models.
Kia had 2023 EV6s available well into 2024, and the last lease terms for those were offered in May and expired in July. You can check the Edmunds forum for current lease incentives and deals.
Keep in mind that even if incentives go up next month, the residual value will drop since the car is getting older. That happened from August to September, so the overall price didn’t change much.