According to Forbes recent data, the Kia Rio is one of the least expensive vehicles to own in America.
Rio is the 7th least expensive vehicles to own in the U.S.
In compiling the latest list of ownership data for vehicles in America, the auto editors of Forbes magazine compared a number of different factors. In addition to initial cost, Forbes also took into consideration estimates for interest costs as well as maintenance and repair histories.
Low initial cost and maintenance overcomes depreciation
Many of us at LotPro.com are always looking for a good deal, and while depreciation on the Rio is a bit higher than average, the Kia more than made up for that with a lower initial cost. Deduct from that the availability of rebates and special programs, and the Rio is a bargain compared to many of the vehicles on the list. Moderate maintenance and repair costs also added to the Kia’s economy of ownership.
Kia Rio
Base MSRP: $10,890
Five-year cost of ownership: $32,750*
Depreciation: $8,460 (78 percent)
Interest and opportunity cost: $4,454
Fuel: $8,900
Maintenance and repairs: $2,958
Insurance: $7,092
Taxes and fees: $886
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