If you sell a Kia Sorento, your price will increase by 55% after five years, and you can sell it for a price of about $15,000. That is a pretty good price, considering a brand-new vehicle goes a little over $34,000.
The Difference Between Buying a Kia Sorento New and Buying One Used
When you purchase a used Kia Sorento that is already 2 years old, you will save $13,351 compared to buying a new one, and you will still have a vehicle that is quite new, and has plenty of use left. In the event that you plan to keep this vehicle for 3 years, you will gain a depreciation of about $5,000. Then you may also try comparing it to different ages or brands, and see if there are soft spots where the depreciation rate serves you best.
When Are the Best Years for You to Buy a Kia Sorento?
The 2020 Kia Sorento is our favorite because it is the best value for money. In the year 2020, you will pay on average 65% of the price that the vehicle was originally priced, with 92% of the remaining life of the vehicle. The years 2019 and 2018 are also good model years for the Sorento.
Do Kia Sorentos Maintain Their Value Well?
There is a lot of evidence that a Kia Sorento will depreciate by around 55 percent over the next five years. When you compare it with other cars in the market, like Nissan or Toyota, you can see that it is among the lowest resale values in the market.
If you have either a Kia Sorento or you are planning to purchase one, it is important that you know what will happen to the car. How long will it last?
It is true that the most common Kia Sorento models often have the lowest resale values. It is mostly due to the low supply and demand for the car, and also to the lower reliability of the car compared to other brands like Toyota and Ford.
Even if the price of the newer models have been quite better, they might still depreciate quite a bit after five years. Maybe that is why consumers seem to gravitate toward used models more than they do towards new Kia Sorentos.
How to Maintain the Value of a Kia Sorento
In order to properly maintain the value of a Kia Sorento, you need to ensure that you regularly maintain it. This is essential because the only way to guarantee that the resale value of your vehicle will remain high is by ensuring that it is maintained well.
When it comes to maintenance, one thing you can do is ensure that you change your oil every 3,000 miles. This will ensure that your engine is kept well lubricated and thus, will last longer. You should also look into making sure that your tires are properly inflated, and change them when they start showing signs of wear and tear.