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2007 Kia Rio
Invoice: $10,350 - $12,800
Miles Per Gallon
City: 32 MPG
Highway: 35 MPG
Body Style: Sedan
Engines: 1.6L I-4 110 HP
The Kia Rio is a subcompact that is inexpensive, stylish and a spacious little car. It delivers sprightly performance, great fuel economy and agile handling.
The Kia Rio is front-wheel drive with independent front suspension, a semi-independent rear suspension, 14-inch wheels, and front and rear stabilizer bars. It runs on a 110 hp 1.6-liter four-cylinder with variable valve timing. The power is controlled by a five-speed manual or an optional four-speed automatic (excluding the base trim). Safety features include seat-mounted side-impact airbags, side curtain airbags and front seat belt pretensioners.
For 2007, the Kia Rio gets a performance SX trim.
Purchasing an older vehicle, such as the 2007 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 2007 Kia Rio for less money than when it was new. If the 2007 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 2007 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 2007 Kia Rio will have a fair resale value. This assumes that the 2007 Kia Rio is in good condition and has a reasonable number of miles.
Find a used 2007 Kia Rio for sale at CarsDirect.
