In five years, the price of a Kia Soul will depreciate 39%. It will then have a resale value of around $13,000. That is, we assume that it would sell for a bit over $21,000 should it come brand new.
Should You Purchase a New Kia Soul vs. Used?
If you buy a used Kia Soul that is only two years old, you may save $6,000 when you compare it to buying a new vehicle. A two-year old model is also new enough to still have a lot of use left in it. If you plan to keep the vehicle for 3 years, you will pay for the depreciation of this vehicle. It may cost you a total of $2,000 for that.
You may also try comparing the ages to other vehicles, to see when you can get it for the best depreciation rating. If it is not possible to buy models that are only a few years old, you might consider waiting or turning to other brands.
Which Model Years to Buy a Kia Soul
The 2019 Kia Soul is our favorite for this year’s model year as it is a very good value. From the 2019 model, you will pay on average 71% of the price of the car in its brand-new minty condition. It will also still retain about a little over 80% of its life. The years 2020 and 2018 model years are also very good choices to consider.
Do Kia Souls Hold Their Value?
When you reach 10 years, you can expect your Kia Soul to be worth about $7,000.
According to Kelley Blue Book, they determined that this was a smart, economically sensible vehicle to own for a 5-year age. It starts at a low price, under $19,000, and it is priced fairly competitively compared to competitors like the Nissan Kicks.
How to Maintain a Kia Soul’s Value
In order to retain the value of a Kia Soul as time goes on, you don’t only have to examine the depreciation rates and rankings. In fact, it may also help to ensure that you take good care of the vehicle in general.
Check the Kia Soul’s exterior and interior regularly for any damage. A dent or a scratch could be signs of damage that could affect the resale value of the vehicle. If you see any issues, get them fixed immediately to avoid lowering its value
As a buyer, a similar logic can be applied. It would do you well to pay close attention to how much you are willing to pay for maintenance. The value of a vehicle can drop by thousands of dollars in just a few years if you neglect to keep it well maintained.
Always make sure that the Kia Soul you purchase is equipped with all the standard safety features. This includes airbags, anti-lock brakes, and automatic stability control. The better its safety features are, the more you will save in terms of depreciation.