How Are Used Car Values Calculated?
Our article will tell you in detail how used car's values are calculated.
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Kia America, Inc. (Kia) is recalling certain 2016-2017 Rio, 2016-2018 Optima, 2017-2018 Optima Hybrid and Optima Plug-in Hybrid vehicles. The trunk latch base may crack, preventing the opening of the trunk from the inside. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 401, "Internal Trunk Release."
Kia America, Inc. (Kia) is recalling certain 2010-2019 Borrego, 2014-2016 Cadenza, 2010-2013 Forte, Forte Koup, Sportage, 2015-2018 K900, 2011-2015 Optima, 2011-2013 Optima Hybrid, Soul, 2012-2017 Rio, 2011-2014 Sorento, and 2010-2011 Rondo vehicles. The Hydraulic Electronic Control Unit (HECU) may experience an electrical short, which can result in an engine compartment fire while parked or driving.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $1,105 |
Year 2 $1,020 |
Year 3 $935 |
Year 4 $850 |
Year 5 $765 |
Total for 5 years: $4,675 |
Insurance |
Year 1 $1,767 |
Year 2 $1,829 |
Year 3 $1,893 |
Year 4 $1,959 |
Year 5 $2,027 |
Total for 5 years: $9,475 |
Fuel |
Year 1 $1,238 |
Year 2 $1,275 |
Year 3 $1,320 |
Year 4 $1,373 |
Year 5 $1,434 |
Total for 5 years: $6,640 |
Maintenance |
Year 1 $2,083 |
Year 2 $1,365 |
Year 3 $870 |
Year 4 $723 |
Year 5 $1,978 |
Total for 5 years: $7,019 |
Repair |
Year 1 $713 |
Year 2 $895 |
Year 3 $1,016 |
Year 4 $1,140 |
Year 5 $1,325 |
Total for 5 years: $5,089 |
Taxes & Fees |
Year 1 $617 |
Year 2 $70 |
Year 3 $90 |
Year 4 $57 |
Year 5 $80 |
Total for 5 years: $914 |
Total for 5 years: $33,813
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Our article will tell you in detail how used car's values are calculated.
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