KIA Niro Costs

KIA Niro Costs of Ownership

The costs of owning a KIA Niro currently available are:

A total cost of ownership analysis is not possible at this time, as more data is needed for this model. Sign up here if you'd like to be notified when we update our data, add new vehicles, or publish new studies.

KIA Niro CarEdge Value Rating

This grade is our unbiased, trusted and candid financial assessment of whether the KIA Niro is likely to be a good or bad automobile investment. Learn more about our Value Ratings and methodolgy.

KIA Niro Depreciation

A KIA Niro will depreciate in value by $17,126 after 5 years. Depreciation is difficult to avoid, but it can be managed. Depreciation is the difference between the original sales price, and what the vehicle will be worth in the future. We use 5 years as an example in our analysis.

When new, a typically-equipped KIA Niro sells for $31,070 on average. After 5 years of depreciation, the average residual value will be $13,944. This represents the vehicle's retail market price. Trade-in and private sale prices will likely be lower. Use our KIA Niro Depreciation Calculator to see how model year and mileage will affect your resale value.

KIA Niro Depreciation Calculator

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KIA Niro Insurance

The average annual cost for auto insurance for a KIA Niro is $1,406, which adds up to $7,030 after 5 years of ownership. These insurance costs are estimates based on national averages for a 40 year old, with full coverage, a good driving record, and good credit. They also assume a single-car policy, and won't reflect any multi-car discounts. See our KIA Niro Insurance Tool to view rates by state, for different driver ages, credit ratings and driving history.

KIA Niro insurance rates will vary significantly between providers for the same coverage. If you've been with your current insurance company for more than a few years, you should get new quotes to make sure you're not overpaying. Try our Competitive Quote Tool or the form below to get free quotes to lower your insurance costs. Advertising Disclosure

KIA Niro Financing Costs

The average cost to finance a new KIA Niro would be $3,638 after 5 years. This assumes a 72-month loan with an APR of 4.75% and a 20% down payment. Financing costs are a vehicle cost that you can control. Your interest expense can be greatly reduced by changing your loan term, improving your credit score, or increasing your down payment. If you don't know your credit score, or haven't checked in a while, it's completely free on Credit Karma.

Our KIA Niro Loan Calculator allows you to build a loan that's best suited for you. This handy utility will also help to keep you from becoming upside down, where you end up owing more than the vehicle is worth. You can estimate monthly payments and download the full amortization schedule as well. We've highlighted some typical loan scenarios in the table below. See what a difference a larger down payment will make in lowering your financing costs and your monthly payments.

KIA Niro Loans

Condition Term Down Payment
New 72 Month 0% Down 20% Down
New 60 Month 0% Down 20% Down
Used 48 Month 0% Down 20% Down
Used 36 Month 0% Down 20% Down

KIA Niro Fuel Economy

A KIA Niro gets an average of 47 MPG, which will cost a total of $3,815 for fuel after 5 years, or about $763 annually. These estimates are based on recently collected national average fuel prices, assuming 12,000 miles driven per year - 55% city and 45% highway. These figures also reflect current EPA estimates. Fuel costs will vary based on your driving style, fuel prices in your area, and the engine that will be in your vehicle. We used the KIA Niro models and engines below for our estimates:

KIA Niro MPG

Model Powertrain MPG (combined) City Hwy
Niro 4cyl, 1.6L, Auto(AM6) 49 51 46
Niro FE 4cyl, 1.6L, Auto(AM6) 50 52 49
Niro Touring 4cyl, 1.6L, Auto(AM6) 43 46 40

KIA Niro Video Review