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2005 Kia Rio
Invoice: $9,800 - $11,225
Miles Per Gallon
City: 25 MPG
Highway: 31 MPG
Body Style: Sedan, Station Wagon
Engines: 1.6L I-4 104 HP
All-new last year, the Kia Rio is a nice little four-door sedan with a high roofline that gives it surprisingly good headroom. The Rio sedan's retail price starts at $9,095. Its price and warranty make it a tempting alternative to a used car. For 2002, Kia has added the Cinco five-door microwagon to the Rio line. to the Rio line. (Cinco is Spanish for five.) Not a hatchback, the Cinco reminds us from a rear-quarter view of a Saab wagon, and that's not bad. At $10,385, it's a great way to get 24.8 cubic feet of dirty laundry home from college. It feels stable at high speeds and is an enjoyable car to drive.
Purchasing an older vehicle, such as the 2005 Kia Rio, 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 2005 Kia Rio for less money than when it was new. If the 2005 Kia Rio 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 2005 Kia Rio 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 2005 Kia Rio will have a fair resale value. This assumes that the 2005 Kia Rio is in good condition and has a reasonable number of miles.
Find a used 2005 Kia Rio for sale at CarsDirect.
