Brand New: My CarEdge 100% FREE Car Buying Help

KIA Niro Depreciation

A KIA Niro will depreciate 35% after 5 years and have a 5 year resale value of $23,139.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $35,354 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the KIA Niro.

CTA
Evaluate your deal with CarEdge Reports
Unlock data-packed comparisons of car listings against local market benchmarks.

KIA Niro Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

KIA Niro Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $1,715 95.15% $33,639 12,000 2022
2 $5,795 83.61% $29,559 24,000 2023
3 $6,540 81.50% $28,814 36,000 2024
4 $8,039 77.26% $27,315 48,000 2025
5 $12,215 65.45% $23,139 60,000 2026
6 $15,234 56.91% $20,120 72,000 2027
7 $17,069 51.72% $18,285 84,000 2028
8 $17,666 50.03% $17,688 96,000 2029
9 $18,147 48.67% $17,207 108,000 2030
10 $20,307 42.56% $15,047 120,000 2031

KIA Niro Depreciation

Years Old Depreciation Residual Value Resale Value
1 $1,715 95.15% $33,639
2 $5,795 83.61% $29,559
3 $6,540 81.50% $28,814
4 $8,039 77.26% $27,315
5 $12,215 65.45% $23,139
6 $15,234 56.91% $20,120
7 $17,069 51.72% $18,285
8 $17,666 50.03% $17,688
9 $18,147 48.67% $17,207
10 $20,307 42.56% $15,047

Buying a KIA Niro New vs Used

If you purchase a used KIA Niro that is 2 years old, then you could save $5,795 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $6,420. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Niro models become available.

What About KIA Niro Insurance Costs?

The average cost to insure a KIA Niro is about $1,434 per year. This adds up to around $7,170 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a KIA Niro. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

KIA Niro Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the KIA Niro ranks for Depreciation compared to other vehicles. Also check out how the Niro stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other KIA Niro Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major KIA Niro costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: