We discovered that the typical APR for a loan on a 2020 Kia Rio is 7.10 percent over 71 months, with a payment of $317 each month.
In This Article...
What is the Kia Rio’s typical price?
What Is the Price of the Kia Rio? Starting at $16,150, the 2022 Kia Rio LX sedan is reasonably priced for a subcompact car. Starting at $16,790 is the S sedan.
What should I expect to pay for a 2020 Kia Rio?
The average asking price for the 2020 Kia Rio is $20,088 according to listings. Prices range from $18,184 to $18,709 and depend on the location, features, mileage, and condition of the car.
How much does a car cost monthly?
Key facts on monthly automobile payments For brand-new vehicles, the average monthly payment is $648. For used automobiles, the typical monthly payment is $503.
How long is a Kia financed for?
On its new, used, and certified pre-owned (CPO) vehicles, Kia Finance offers auto loans. Online or in-store applications for Kia financing are also options. Once you have a KMF offer, you can use it at any Kia dealership; however, you cannot use it at a Ford dealership.
- Loan conditions. The longest loan period offered by Kia Finance is 84 months, however that option isn’t always accessible. Kia loans with periods of 72 or 75 months (each lasting 6 years and 3 months) are more widely available.
- lease conditions Kia lease lengths range from 24 to 48 months, with options for 10,000 to 25,000 miles of annual mileage.
The ability to make smaller monthly payments is the main advantage of leasing a vehicle. You also had the option to return, buy, or exchange the vehicle at the end of the lease. However, there are some drawbacks. Even if you only use around half of the vehicle’s lifespan throughout the course of a 36-month (three-year) lease, you pay for roughly half of the vehicle’s worth. Here is more information about renting vs. buying.
How are monthly automobile payments determined?
Divide the total loan amount plus interest by the loan period to determine your manual monthly vehicle loan payment (the number of months you have to repay the loan). For instance, $3,150 would be the total interest paid on a $30,000 loan for 60 months at a rate of 4%.
Which Kia model is the least expensive?
Although Kia manufactures automobiles with an emphasis on value, the company has recently tried to improve the look, features, and performance of their goods. Even though the carmaker currently produces some vehicles that are genuinely elegant or enjoyable to drive, it still competes in the entry-level market.
The Rio sedan, which has a starting price of $17,000, is the least priced Kia currently on the market. The hatchback version of the Rio is also offered, although it costs roughly $1,000 extra.
Most Expensive: The maximum price for a new Kia has drastically decreased now that the K900 is no longer offered in the U.S. range. A Niro EV EX Premium can be yours for just under $46,000. A Stinger may also be optioned up for more than $50,000.
The name of this vehicle sums it up best. The Stinger feels poised and prepared to attack thanks to its RWD chassis, turbocharged engine choices, and sport-tuned suspension. It is also somewhat practical because to its unusual hatchback load space.
Best Fuel Economy: Up until the arrival of the fully electric EV6, the Niro hatchback is the most fuel-efficient Kia, scoring up to 50 mpg combined. A plug-in hybrid version of the Niro with a range of 560 miles and an EPA-rated 105 mpg-e is also offered.
As soon as a car is released, we want to test and rank as many of them as we can. We’ll rank new models as we periodically update our rankings and we might even change the scores for some models. Vehicles with insufficient testing data, however, are not scored.
Are Kia Rios durable?
A Kia Rio may survive for 200,000 miles or more with proper upkeep. You may anticipate the Rio to last you roughly 13 years if you travel 15,000 miles each year on average.
What Is the 2020 Kia Rio?
A five-seat subcompact car with front-wheel drive, the Kia Rio is available as a sedan or a four-door hatchback. A new 1.6-liter four-cylinder engine with 120 horsepower powers a continuously variable automatic transmission. The Nissan Versa and Hyundai Accent are rivals.
What’s New on the 2020 Kia Rio?
The Rio receives a new, slightly less powerful 1.6-liter four-cylinder engine that is paired with a new continuously variable automatic transmission. As a result of the combination, the Rio’s EPA combined fuel efficiency rating has increased by 4 mpg to 36 mpg from last year. Additionally, a 7-inch touchscreen entertainment system with smartphone compatibility for Apple CarPlay and Android Auto is now standard.
What Features in the 2020 Kia Rio Are Most Important?
Heated side mirrors, intermittent windshield wipers that change direction, cloth upholstery, air conditioning, and Bluetooth are all included as standard features. The Rio also has low-speed automatic emergency braking, a crucial active safety feature, and optional LED headlights.
Should I Buy the 2020 Kia Rio?
Whether you choose the sedan or hatchback version, the Rio is a city car with good highway performance and ample load space. But the backseat is very constrained.
Is the Kia Rio subject to any recalls?
Certain 20202021 Rio automobiles are being recalled by Kia Motors America (Kia). The inner oil seal of the brake master cylinder may have been damaged during manufacturing, which would impair braking effectiveness. Tip: Not all vehicles from the same year, make, and model are subject to recalls.