While the compact sedan market might have dwindled because Chevrolet and Ford recently decided to devote more of their attention to compact SUVs, that just makes it easier to rank the compact sedan segment’s standouts. The 2022 Kia Forte ranks high on that list. It has sharp styling, is fuel-efficient, and has a number of standard features all for a lower price than its rivals.
In the next five years, the value of your Kia Fort will decrease by 51%, with a 5 year resale value of nearly $11,000. This supposes that the price of buying it brand new was around $21,000.
Should You Buy a Kia Forte Brand New or Used?
If you buy a used Kia Forte that is two years old, you will save more than you would by buying a new vehicle. In particular, you may save nearly $7,000 in cost. If you are planning to keep the vehicle for three years, you would have wasted about $4,000 to depreciate this vehicle. You might also try other vehicles and age comparisons to see if you can find when the depreciation point is as low as it gets. Hint: Try to buy vehicles that are not overly new, as those can depreciate quickly. It’s good to keep it at about two to four years old.
The Best Model Years to Buy a Kia Forte
The Kia Forte 2020 is our top choice for the best value for money in the model year for the Forte. When you buy a 2020 car, you will only pay 75% of the price of a brand-new one. In addition, you’ll get one with at least 90% of life left. Other model years to consider include the 2018 and the 2019 ones.
The Verdict on the Kia Forte’s Value
The Forte is undeniably valuable. It is possible that the car will have some slightly different equipment than what you normally get from competitors, but you’ll pay less for lots of great features. It is also true that the price is relatively below-average. When you really start to look into it, you might realize that cutting costs has a lot of potential when it comes to this model.
It is also equipped with a lot of safety features. The anchor points for the child safety seats are clearly marked. The anchors are fastened to the cushions, so that they are easily accessed. On the other hand, there is limited backseat space, so bulky rear-facing seats in the back of the vehicle can interfere with front seat movement.
How to Maintain the Value of a Kia Forte
Taking care of the vehicle you own is key to maintaining their overall value, above just keeping track of depreciation rates and the supply and demand chain. You need to look into maintenance and repair, but this is only part of the picture. You also need to take care of your tires, brakes, lights, and everything else that might cause wear and tear on the vehicle.