When a Kia Telluride is sold or bought, it will depreciate by 55% over five years, with the result that the net selling value of the item is around $18,000 by the end of things. This supposes that it is priced at about $40,000 when it is brand new.
To Buy a Kia Telluride Used or New
If you choose to buy a used Kia Telluride, specifically one that is about two years old, you could save money. By buying an old car that is used, you could also save over $14,000 when compared to buying a Telluride that is brand new.
What this results in is that you have a vehicle that is new enough that it has not gained significant wear and tear. If you plan to keep this vehicle for at least three years, it will depreciate by roughly $8,000. You can also explore other years and conditions to find the best depreciation point.
People have a hard time deciding what kind of price the Kia Telluride will be. It was only released for the 2020 model year and has only been available for one year. They are selling used Tellurides for a very high price, like they were new, with the result that there was a shortage of new cars in 2021, especially after the pandemic. So for one year they seem to have held up very well.
When the market comes down over the next few years, the Kia Telluride is going to have a more traditional depreciation curve for Kia vehicles. This means that, after five years of ownership, the price of a Telluride is expected to drop by about 52% from what it was when it was new. This is slightly better than the average depreciation rate across the midsize SUV market.
How to Maintain the Value of a Kia Telluride
Making sure the value of a Kia Telluride stays solid does not just come down to keeping track of depreciation rankings and rates. Instead, it also comes down to how the owner of the vehicle takes care of it.
It is important to remember that, since the Telluride is a midsize SUV, it is meant to be driven in more urban areas. If the owner drives it very often, then they will likely have to pay for some maintenance work to keep the car from getting worn out too quickly.
This maintenance work could be anything from changing the oil regularly, or just checking the engine and making sure there are no leaks. The longer a Telluride stays in service, the more expensive it will be to maintain. The overall maintenance cost of a Kia Telluride should not be taken lightly.
If you’re a buyer, it would do you good to properly look into how well the Kia Telluride will hold its value. If you’re a seller, you can make sure that the Kia Telluride that you are selling is not worn out and is still in good condition.
