KIA Optima Costs
The average cost of owning a KIA Optima for 5 years is $33,608. This total will vary per vehicle, driver and location. These ownership expenses include:
The interactive chart below illustrates the relative proportion of each of the major costs of ownership. Click on any of the expenses boxes to see more detail.
KIA Optima Depreciation
An KIA Optima will depreciate in value by $14,852 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 Optima sells for $28,355 on average. After 5 years of depreciation, the average residual value will be $13,503. This represents the vehicle's retail market price. Trade-in and private sale prices will likely be lower.Trade-in and private sale prices will likely be lower. Use our KIA Optima Depreciation Calculator to see how model year and mileage will affect your resale value.
KIA Optima Depreciation Calculator
KIA Optima Insurance
The average annual cost for auto insurance for a KIA Optima is $1,563, which adds up to $7,815 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 Optima Insurance Tool to view rates by state, for different driver ages, credit ratings and driving history.
KIA Optima 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 Optima Maintenance
Maintenance and repair costs for a KIA Optima will amount to $1,591 after 5 years. Expenses include scheduled maintenance, normal wear and tear items and expected repairs. These estimates exclude any free warranty work performed.
The region you live, and the way you care for and drive your vehicle can have a big impact on these costs. So, your results may vary significantly from our estimates. Our KIA Optima Maintenance Cost Estimator shows how much you are likely to spend, and the probabilities of a major repair over 10 years.
KIA Optima Financing Costs
The average cost to finance a new KIA Optima would be $3,320 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 Optima 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 Optima Loans
KIA Optima Fuel Economy
An KIA Optima gets an average of 31 MPG, which will cost a total of $6,030 for fuel after 5 years, or about $1,206 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 Optima models and engines below for our estimates:
KIA Optima MPG
|Optima||4cyl, 2L, Auto(S6)||24||21||30|
|Optima||4cyl, 2.4L, Auto(S6)||27||24||32|
|Optima||4cyl, 1.6L, Auto(AM7)||31||27||37|
|Optima FE||4cyl, 2.4L, Auto(S6)||29||25||35|
|Optima Hybrid||4cyl, 2L, Auto(AM6)||42||40||45|