PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Why is Kia depreciation so high?
I’m looking into buying a new car and Kia seems to have some great deals. One red flag is that they seem to depreciate a lot after purchase. Why is Kia’s depreciation rate so high?
Sarah Williams · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
First of all, congrats on looking for a new car! It’s good to see you’re doing your research, and you’re not wrong that Kia’s have above-average depreciation. Kia depreciation tends to be so high because they use cheap materials (like plastic instead of metal), have low labor costs, and have a short production line. Kia builds their cars to last 5 to 7 years, which doesn’t bode well for resale.
If you want to buy a Kia with a good depreciation rate, consider purchasing a 2020
Kia Soul
. Compared to Kia’s usual below 50% depreciation, 2020 models hold an average of 71% of their value—and Soul is the best model for resale. Kia compensates for their low depreciation rates with a much longer than average warranty coverage. In other words, even if you face mechanical issues with your Kia, you’ll have up to 7 years to bring it in for repairs.
No matter which car you end up buying, you’ll want more protection than a good warranty. With
Jerry
, the trustworthy super app
, you can find the lowest Kia insurance costs
in record time. It’s free to sign up and the average user saves more than $800 per year!View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies