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2003 Kia Spectra
Invoice: $10,965 - $13,125
Miles Per Gallon
City: 24 MPG
Highway: 32 MPG
Body Style: Sedan, Hatchback
Engines: 1.8L I-4 124 HP
Last year, the Kia Spectra was a hatchback version of the Kia Sephia, a 4-door compact sedan significant for being Kia's first model sold in the U.S. under its own nameplate, dating back to 1993. This year the Sephia name is gone, absorbed into a lineup bearing the Spectra name. So now there are Spectra sedans and hatchbacks. All Spectra models receive freshened styling for 2002. The base Kia Spectra sedan lists at just $10,995. Kia sweetens the deal with a warranty program that extends basic coverage to five years or 60,000 miles, and powertrain coverage to 10 years or 100,000 miles; it also includes five-year/100,000-mile rust perforation protection, and a five-year/unlimited mileage roadside assistance plan. At that rate it's hard to avoid looking at a Spectra.
Purchasing an older vehicle, such as the 2003 Kia Spectra, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2003 Kia Spectra for less money than when it was new. If the 2003 Kia Spectra was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2003 Kia Spectra is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2003 Kia Spectra will have a fair resale value. This assumes that the 2003 Kia Spectra is in good condition and has a reasonable number of miles.
Find a used 2003 Kia Spectra for sale at CarsDirect.
