When a Kia Telluride is sold, it will depreciate 55% after five years, and the net resale value of that item is $18,174. One can assume that it was sold for $40,000 when it was brand-new.
Difference Between Buying a New Kia Telluride vs. Used
That means that you could be saving money by purchasing a used Kia Telluride that is only 2 years old. By buying used, you could also save over $14,000 compared to buying one from a pristinely new condition. This still leaves you with a car that is new enough to not have considerable wear and tear. If you are planning to keep the vehicle for 3 years, it will depreciate to a total of about $8,000. You might also try other ages and use conditions to find the best depreciation point. If you are unable to buy a vehicle that is only a few years old, maybe you should consider another vehicle.
The Resale Value of the Kia Telluride
A vehicle’s value will decline by 20 percent the first year that it is used, and a further 15 percent the next year. That means that you can expect that your SUV will depreciate by up to 80 percent during the first five years that you own it. So it’s not surprising that it is very hard to find a good value for a trade in.
This is not true for the Kia Telluride. When you sell it, you can get back about half of the price you paid for it after driving it for five years. It is difficult for other vehicles on the road to even come close to that.
Why Does the Kia Telluride Stand Out?
What is that which makes telluride stand out? What makes them hold onto their resale value? There is value in the Telluride that is built into it. The midsize SUVs feature a large number of standard features that allow them to stay valuable. These systems can be paired with driving aids and safety systems, and they can also include blind spot monitoring and lane-keeping assist. You tend to have to purchase a premium model to get features like these, but they are a standard on the Telluride.
Telluride also provides a very good value for other trim levels. In fact, you can go all out and buy a full leather interior, a display of 10.25 inches, and more, and all without breaking the bank. Telluride provides a great bargain for less money than other vehicles. That helps it hold on to its resale value, which is not the same as a car that depreciates rapidly.
How to Retain the Value of a Kia Telluride?
Making sure to maintain a Telluride’s value is also down to how well the owner keeps maintenance of it. You should also make sure that you have all the services and maintenance done regularly. If you maintain it properly, your Kia Telluride will retain its value and will probably depreciate much less than most other vehicles on the road.
