Yes, the Kia K5 is a quality vehicle. It offers a smooth ride, respectable fuel numbers, and powerful turbocharged engines. The interior of this Kia is attractive, and the seats are comfortable. Both the infotainment functions and the standard driver assistance technology are simple to operate.
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A KIA K5 will depreciate 18% after 5 years and have a 5 year resale value of $24,735.
The anticipated depreciation over the following ten years is shown in the figure below. These outcomes apply to cars that travel 12,000 miles annually on average and are in good condition. Additionally, it counts on a new-car selling price of $30,201. Enter the purchase price, anticipated length of ownership, and yearly mileage estimate. Our depreciation estimator will forecast the KIA K5’s anticipated resale value.
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Do Kia automobiles retain their value?
We’ll venture the bold assumption that you’ll want to sell your car for as much money as you can. You want to recover as much of the cost of the investment as you can because it was expensive. All cars lose value over time, but some do it more quickly than others.
IntelliChoice calculated the average retained values for a brand’s full model portfolio over a five-year period to find out. These estimates allow us to identify which manufacturers’ vehicles have better depreciation resistance. Let’s talk about the automobile brands that lose value more quickly now that we’ve determined which ones do so the best.
Mini: 50.4 Percent Retained Value
A fairly, well, small percentage of drivers are drawn to Mini automobiles because of its size, which lives up to its name. Models with charming aesthetics and nimble handling, like the retro Cooper, sporty Countryman crossover, or funky Clubman wagon, attract drivers with an eye for fashion and a sense of adventure but, more crucially, who can manage their diminutive dimensions. However, doubts about future worth may put buyers’ first enchantment to rest. The Countryman and Clubman receive a Poor five-year cost of ownership rating from IntelliChoice. Furthermore, we weren’t too impressed by the brand’s recent attempts at electrification. As joyful as Mini’s cars are to look at and drive, the brand’s market position is indicated by its value retention rate of 50.4%.
Mazda: 49.3 Percent Retained Value
Mazda doesn’t compare to other Japanese brands in terms of name recognition, lineup diversity, or value despite producing some of the best-looking and best-driving mainstream cars on the market. Even though the Mazda3 and Miata have sizable fan groups, those and other models may place a greater emphasis on driving characteristics than general utility. The Mazda6 lagged behind rival sedans until it was recently discontinued, while the CX-30 and CX-9 are less adaptable than rival crossovers. Although we usually love driving a Mazda, its value retention rate of 49.3 percent isn’t as high as that of its primary rivals. Possibly the brand’s next, higher-end vehicles will hold their value longer.
Kia: 47.7 Percent Retained Value
Kia has put a lot of effort into keeping up with its rivals in terms of quality, dynamics, and design. Want proof? The Sorento is back and even better than before, the Telluride won our competition for SUV of the Year, and the Optima’s makeover into the K5 gave this sedan new life. However, despite their appeal in other areas, Kia’s automobiles behind with an average value retention rate of 47.7% during a five-year period. Despite its extensive standard warranty and genuinely enticing options, that is the case. Even while we enjoy driving the Telluride and the sporty Stinger, Kia still needs to improve as evidenced by their respective Mediocre and Poor IntelliChoice scores.
Hyundai: 47.1 Percent Retained Value
Hyundai strives to match the reputation for quality and durability of Toyota and Honda, much like its corporate rival Kia. The long-term value proposition of Hyundai doesn’t appear to have been significantly impacted by a lengthy warranty or a group of very regarded experts. Models like the Sonata, Palisade, and Tucson serve as indicators of how far the brand’s products have come. However, Hyundai’s 47.1 retained value % suggests that it needs to do more to earn the trust of customers who value their money.
Volkswagen: 46.9 Percent Retained Value
Volkswagen’s image for quality suffered as a result of the Dieselgate incident, even though the company didn’t have a very strong one to begin with. Volkswagen lacks American and Asian rivals in mass-market appeal, even with more recent models like the Tiguan or Atlas, which only manage Average or Mediocre IntelliChoice value scores depending on trim. A shorter warranty is detrimental to its cause. Volkswagen is planning a number of electric vehicles, which might assist the company’s current 46.9% value retention percentage.
Nissan: 45.6 Percent Retained Value
Nissan has struggled to gain momentum and maintain its competitive position after a high-level organizational restructuring. It is currently working on refreshing its stale lineup. We were impressed by some of those efforts, like the Rogue and Sentra. Others, such as the legendary Z sports vehicle or the Pathfinder, stop at simply spiffing up antiquated platforms and engines. Despite the merits of Nissan’s engineering advancements, only a small percentage of its vehicles receive Good IntelliChoice value scores; the majority are ranked at Average, Mediocre, or Poor in terms of ownership costs. Nissan has a dismal 45.6 percent average value retention over a five-year period.
Buick: 42.3 Percent Retained Value
What does Buick mean today? Buick doesn’t seem to be confident in itself. Due to the brand’s current inventory consisting solely of SUVs, its tradition of opulent vintage sedans has come to an end. All of those models aren’t particularly terrible, but they don’t do much to change the outdated perception of Buick. Additionally, Buick’s uncertain positioning does not help. Does it aim for real luxury to compete with the best in the field, or does it aim for a premium experience at entry-level pricing? We believe Buick requires revival and a more focused course. If and when it occurs, it might improve the lineup’s average value retention, which is 42.3 percent.
Mitsubishi: 41.3 Percent Retained Value
Many of the Mitsubishi vehicles we’ve evaluated are affordable, but not just financially. We’ve encountered subpar engineering and craftsmanship in Mitsubishi cars, which leads to dull driving experiences. The Mirage and Eclipse Cross are among the least expensive options in their respective sectors, which is obvious from their flimsy construction and crude driving characteristics. The previous Outlander’s available electric driving range deserves praise, but the revised three-row SUV falls short of expectations. Mitsubishi’s value retention rate of 41.3% is significantly lower than that of other brands. Every other Mitsubishi has a Mediocre or Poor IntelliChoice ownership rating, leaving just the outdated Outlander Hybrid.
Chrysler: 40.2 Percent Retained Value
Any carmaker would find it challenging to maintain a two-model lineup, especially if those options are designed to compete in some of the least-wanted segments of the market. But Chrysler is going in that direction. Despite having advantages of its own, the 300 sedan and Pacifica minivan just do not appeal to the tastes of contemporary drivers. Only a layer of gradual improvements can hide the 300’s deterioration. Considering that it is a minivan, the Pacifica (and its fleet-only Voyager counterpart) is actually rather decent. Although Chrysler’s future is uncertain, introducing models that are contemporary in design could increase the lineup’s average value retention rate of 40.2%.
Fiat: 39.5 Percent Retained Value
Fiat’s tiny, quirky cars briefly appeared ready to inject some Italian panache into the compact car market. But that period has passed, and it is now clear that Fiats are less attractive than they once were. The 500X subcompact crossover is the only vehicle currently offered by the brand. Its cute design and standard AWD can’t make up for its sloppy driving manners and shoddy construction. Fiat’s abysmal 39.5 percent retention rate is the weakest among major brands because the 500X symbolizes the complete lineup.
What issues is the Kia K5 experiencing?
A particular model year 2021 Sorento and 20212022 K5 equipped with 2.5L turbocharged engines are being recalled by Kia Motor America (Kia). The pipe connection between the high-pressure fuel pump and fuel rail is susceptible to fuel leaks. Fuel leaks have the effect of raising the likelihood of a fire.
Why ought I purchase a Kia K5?
Although the 2022 Kia K5 is categorized as a family car, its intriguing appearance and 290-horsepower engine choice hint at something sexier. A good value play, the sedan formerly known as the Kia Optima isn’t about to unseat its consistently excellent opponent, the Honda Accord, but it does have a long list of popular features and competitive pricing. Even more, we included it in our list of 2022 editors’ picks. Every model comes with standard infotainment technology and active safety measures, and the sedan’s beautiful interior is enhanced with a large back seat. The K5 GT has a beefed-up engine, and it will either entice or turn away customers with its tire-spinning antics. The only way to get all-wheel drive is through the standard powerplant, which is mostly obnoxious. The 2022 K5 is a great sedan overall, whether it is purchased for a family or not, despite a driver’s seat that is excessively high and ride isolation that is badly influenced by the largest available wheel-and-tire combination.
The Kia K5 is swift.
The 2022 Kia K5 GT is incredibly quick. With a top speed of 155 mph, it is quicker than the majority of German luxury vehicles now on the market and costs at least $10,000 more. While various independent tests have shown that the K5 GT can reach 60 mph in as little as 5.2 seconds, the official time for acceleration from 0 to 60 mph is only 5.7 seconds.
Not only that. In independent testing approved by AMCI Testing, the Kia K5 establishes faster acceleration and better overall handling performance than the BMW 330i Sedan, demonstrating its status as a real sports sedan. Given its best-in-class 311 lb.-ft. of torque and responsive 8-Speed Dual-Clutch Transmission, the K5 GT outperformed the BMW 330i Sedan by 0.28 seconds at 060 acceleration.
Additionally, it outperforms the BMW 330i Sedan at quarter-mile top speed, achieving a terminal speed of 103.3 mph and completing the race in just 14.2 seconds. The K5 GT’s all-new chassis, Pirelli P-ZEROTM All-Season Tires, and sports-tuned suspension allow the vehicle achieve a superior overall handling performance and a maximum dry cornering G-force capability. The K5 GT also boasts higher handling performance in both wet and dry circumstances.
Do Kia automobiles lose value?
In terms of resale value, Kia, I wouldn’t want to be you. When compared to other well-known automakers, Kia is in the bottom half. The Soul model, which placed in the top 25 of all models for value retention, is the exception for Kia. The Sorento, Sedona, and Cadenza, a trio from Kia that ranks last for overall depreciation by year 5, are what detract from the brand.
Our top choice for the KIA model year that offers the best value is the 2020. With the 2020, you would only pay, on average, 85% of the price as new, and the car would still have 83 % of its usable life.
For the KIA models, the 2019 and 2018 model years are also appealing and offer a fair price. Our rankings take into account a number of variables, such as the original new price, the current price, maintenance expenditures, and the remaining years of anticipated overall spending. With a KIA model, the top-ranked model year offers the best value for the money.
How much is a Kia K5 with all the options?
The $31,090 MSRP of the 2022 Kia K5 GT does have a lot going for it in terms of aesthetics. First, the looks, as we have mentioned. aggressive although not as overtly so as some sports sedans. It’s odd that the full-fat GT, unlike the K5 GT-Line, is actually front-wheel drive, but hey, there are still plenty of fantastic FWD sports sedans and hatchbacks. I’m addressing you, Honda Civic Type R.
When you review a spec sheet, the situation remains upbeat. A massive 290 horsepower and 311 lb-ft of torque are produced by the turbocharged four-cylinder engine. The 8-speed dual-clutch transmission from Hyundai/Kia is coupled with everything. Additionally, the inside is improved over the original K5, with features like GT-specific seats and finer materials.
What vehicle loses value the quickest?
Compact or subcompact cars make up the majority of cars that cost less than $25,000 and depreciate quickly. The Mitsubishi Mirage takes first place, losing an average of $9,300 or 57.8 percent of its value over the course of five years.
The second and third vehicles, both having a five-year average depreciation rate of 56.5 percent, are the Chevrolet Sonic and Volkswagen Jetta. With an average depreciation of 55.8% over five years, the Kia Rio comes in fourth. Fifth on the list is the Nissan Sentra, which depreciates at a pace of 55.3 percent over five years and an average loss of $11,115 in value.
As popular rental or fleet vehicles or because they have greater ownership costs in comparison to their price, the aforementioned cars have a tendency to lose value quickly.
Kias are they as good as Toyotas?
With both Toyota and Kia, exceptional dependability is the name of the game. According to a J.D. Power research from 2019, Kia has the highest initial quality in the non-premium segment in the United States. The 2016 Kia Soul, 2016 Toyota Corolla, Prius, and Prius V were all rated as being among the most dependable vehicles on the road by J.D. Power.
Why are secondhand Kias priced so low?
Why are KIAs so inexpensive when they are regarded for having a comfortable ride, a respectable new-vehicle warranty, and lots of cargo space?
Each automobile owner has a reason(s) for favoring a particular brand’s model. While some people are seeking the excitement and speed, others are searching for a reliable car for their family. The features you require, how the car is made, and the brand will all affect how much it costs. While some purchasers aren’t concerned with the vehicle’s price, others will focus on the perks that come with the cost.
KIAs are affordable since the raw material for their car bodies is plastic. As they are designed to survive five to seven years, they have a short production line and a bad image as disposable cars. Another factor contributing to KIAs affordability is the cheap cost of labor.
The company’s entry into the United States wasn’t easy, and most people thought of KIA as a budget brand with subpar automobiles. But over time, the Korean business has worked to disprove these allegations by spending money on production and research to demonstrate KIA’s dependability.
Continue reading to find out why KIAs are so affordable and whether you should buy one.
Here is what we learned after conducting our investigation and speaking with numerous professionals in the field of vehicle production.
How far will a Kia K5 drive?
Before requiring significant repairs, a well-kept Kia K5 should have 200,000 miles on the clock. If you are attentive with maintenance and don’t mistreat the car, a Kia K5 should last you for roughly 13 years if you drive 15,000 miles per year like the average driver.