Do Kia Sorento Hold Their Value? Find Out Now!

Do Kia Sorento Hold Their Value?

A photo of a Sorento - Do Kia Sorento Hold Their Value?
Do Kia Sorento Hold Their Value? Image source: Wikipedia

 

The Kia Sorento, a mid-sized SUV, features three rows of seating and a convenient infotainment system.

If you’re considering buying one, it’s important to grasp its resale value and whether it holds its value or depreciates rapidly.

I’ll provide insights into the value contrast between a new and used model, and an estimate for the trade-in or sale value of your Kia Sorento after one to ten years.

 

Do Kia Sorento Hold Their Value?

 

The reality is that a Kia Sorento depreciates by approximately 55 percent after the five-year mark.

This reduces its resale value to between $15,000 and $16,000, depending on the year of purchase.

Based on these figures, it’s evident that the Kia Sorento holds its value at a below-average rate.

When compared to competitors like Nissan or Toyota, the Kia Sorento exhibits one of the lowest resale values in the market.

For those considering purchasing or already owning a Kia Sorento, understanding specific details is crucial: How long can it be expected to last?

Which years are less susceptible to consumer complaints or recalls?

Is the Kia Sorento truly worth investing in?

Read on to discover the answers to these questions and explore related topics.

The most sought-after Kia Sorento models generally command the lowest resale values.

Why is this?

Part of the reason lies in the supply and demand dynamics for the vehicle itself and its comparatively lower reliability compared to brands such as Ford or Toyota.

Toyota, for instance, boasts a legacy of car manufacturing since 1937, whereas Kia commenced manufacturing cars in 1973.

This 36-year difference significantly influences buyer confidence and brand reputation.

The 2020 Kia Sorento was identified as having the best resale value compared to other model years, yet its value remains lower than that of Toyota and Nissan.

For someone purchasing a used Sorento, they could expect to pay close to 69 percent of the price of a new Sorento.

All while retaining about 90 percent of the car’s lifespan.

Despite the newer models holding better value than the 2018/2019 variants, they still depreciate by around 63 percent after five years.

This may explain why consumers appear to prefer used models over new Kia Sorentos.

 

 

Buying A New Kia Sorento Vs. A Used Model

 

Based on the information provided, opting to purchase a used Kia Sorento instead of a new one emerges as a superior financial decision.

Given the rapid depreciation of new vehicles.

If feasible, aim to acquire a model that falls between two and four years old.

By selecting a Kia Sorento just two years old, you’ll observe potential savings of over $13,000 compared to purchasing it brand new.

With this acquisition, you still secure a relatively recent model with a substantial portion of its lifespan remaining.

Maintaining ownership for approximately three years positions you at a lower depreciation level due to its pre-owned status. Coupled with the initial cost savings.

While navigating this decision can be difficult, understanding the relatively poor performance of Kia Sorentos in the resale market prompts exploration of various ownership lengths and age combinations to identify optimal depreciation thresholds.

 

The Best Model Years To Buy A Kia Sorento

 

We nominate the 2020 edition as our top pick for the best Kia Sorento.

With the 2020 Sorento, you’d typically pay 65 percent of the price as new while retaining as much as 92 percent of the vehicle’s useful life.

The 2018 and 2019 model years also offer considerable value for Sorento buyers.

Several factors contribute to determining the best Sorento.

That is the new and current price, remaining years of overall predictable expenses, and maintenance costs.

The top-ranked model epitomizes the best value for the typical expenditure associated with Kia Sorento models.

 

Is A Kia Sorento Worth Buying?

 

In short, yes. The Kia Sorento stands out as an excellent midsize SUV.

Following its complete redesign for the 2021 model year, this renowned crossover offers comfortable seating, an upscale interior, and a user-friendly technology system with information and entertainment apps.

Furthermore, it delivers impressive handling and a comfortable ride.

Moreover, the Kia Sorento earns a reliability rating of 4.0 out of 5.0, placing it 12th out of 26 for compact SUVs.

The average yearly repair cost is just $533, indicating lower than average ownership expenses.

The Sorento proves itself to be dependable. Particularly with features like available AWD, ample seating, driver assistance technology, spacious cargo capacity, and the turbo powertrain.

Additionally, the 2022 Sorento X-Line SX Prestige AWD offers numerous functions for convenient and safe driving.

 

 

Frequently Asked Questions

 

What Is The Disadvantage Of Kia Sorento?

 

The Kia Sorento exhibits higher repair costs.

It experiences more issues compared to other models, even at lower mileage.

Engine problems top the list of reported issues, followed by steering problems, body/paint issues, and faulty lights.

The most severe recorded failure involves the engine, occurring at 62,000 miles, with a repair cost of $6,100.

 

Is Kia Sorento Expensive To Maintain?

 

A KIA Sorento will cost about $7,953 for maintenance and repairs during its first 10 years of service.

This beats the industry average for popular SUV models by $1,180.

There is also a 23.71% chance that a Sorento will require a major repair during that time.

This is 2.21% worse than similar vehicles in this segment.

 

Conclusion

 

Conclusion:

Yes, Kia Sorentos hold their value, but at a below-average rate.

After five years, they depreciate by approximately 55 percent.

This reduces their resale value to around $15,000 to $16,000, depending on the year of purchase.

This depreciation is notably lower than competitors like Toyota or Nissan.

Opting for a used Kia Sorento, particularly a model between two and four years old, presents significant cost savings, with potential savings of over $13,000 compared to buying new.

Despite some fluctuations in resale values among different model years, the 2020 edition stands out as our top pick for its favourable balance of price and retained utility.

So, while Kia Sorento offers reliability and a comfortable ride, savvy buyers may find better value in pre-owned models due to their more gradual depreciation.

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