Kia Stinger Depreciation Discussion

[AV8R]

I can find one next year, that is one year old, and still save a ton of that depreciation. For comparison, my 2013 accord kbb's out at 14K, meaning its lost $13K in 5.5 years. I'm seeing estimates that the stinger will lose nearly that in one year. It looks cool, but I'm not in a hurry.

Yes but you don’t know how the last person drove it. I like my cars like virgins untouched. Lol so new it will always be.

 

[Ruturaj]

Would rather take one stinger today, or two stingers a few years from now?

(In US) With sell's price discount and lease incentive, the car is already 20-25% off. I would rather pay rest of the money if I need a car now and have a well-maintained car than someone who knew his car was rented toy.

 

[rocket23]

Depreciation ?!
I'm completely feeling the opposite!! I actually APPRECIATE owning one...I really couldn't care less what other people,companies think what my car is worth. I know what it is worth to me.When it comes time to sell, then it will be a mute point. I got my monies worth.

 

[forzanerazzurri]

Depreciation ?!
I'm completely feeling the opposite!! I actually APPRECIATE owning one...I really couldn't care less what other people,companies think what my car is worth. I know what it is worth to me.When it comes time to sell, then it will be a mute point. I got my monies worth.

That's poor and slightly immature advice though. A goal in life should be to be financially responsible and to evaluate what your assets projected value will be when you think you'll be selling. As much as I love the car, depreciation is going to be an issue with it more than its competitors in the market. I typically keep my cars for longer than average and will likely have the car for a decade if all goes well so depreciation risk is mitigated, but if you only keep cars for a few year, you're going to be paying alot in depreciation per year. These are all expenses you need to factor into your purchase if youre going to make an informed decision.

 

[MerlintheMad]

@forzanerazzurri You have to get people's attention before you preach financial wisdom. If we are too busy having FUN your words will fall to the ground.

 

[Johnni]

Yes but you don’t know how the last person drove it. I like my cars like virgins untouched. Lol so new it will always be.

You dirty minded baster. I agree with being the first owner and knowing everything on the car was not abuse or should I say virgins

 

[niko]

Yes but you don’t know how the last person drove it. I like my cars like virgins untouched. Lol so new it will always be.

Drive it like u stole it!!!

 

[rocket23]

That's poor and slightly immature advice though. A goal in life should be to be financially responsible and to evaluate what your assets projected value will be when you think you'll be selling. As much as I love the car, depreciation is going to be an issue with it more than its competitors in the market. I typically keep my cars for longer than average and will likely have the car for a decade if all goes well so depreciation risk is mitigated, but if you only keep cars for a few year, you're going to be paying alot in depreciation per year. These are all expenses you need to factor into your purchase if youre going to make an informed decision.

Funny , for the life of me I can't see the part where I'm giving advice.........on the other hand I too keep vehicles til they are worn thin...agree to disagree?

@forzanerazzurri You have to get people's attention before you preach financial wisdom. If we are too busy having FUN your words will fall to the ground.

.......My new license plate!! HVG-FUN ,lol

 

[StungBlueGT2]

Think its way to early to tell and what Kia roles out over the next few years will be a big factor.

Just based on the change from 2018 to 2019 I already see they no longer offer a Micro Blue GT2 with White(gray) Nappa leather interior. I may be a little biased, but based on the rules of supply & demand I have to believe this limited production color combo will retain more of its value than other popular colors. Similarly, since only about 1/5 Stingers sold are RWD, I believe RWDs will be worth more in general, especially in the south. I know AWD is much more popular up north so unsure if that extra rarity will help or hinder RWD resales in those regions.

Either way I think the overall depreciation of our Stingers will lessen over time, especially as Kias reputation continues to get better.

 

[AV8R]

That's poor and slightly immature advice though. A goal in life should be to be financially responsible and to evaluate what your assets projected value will be when you think you'll be selling. As much as I love the car, depreciation is going to be an issue with it more than its competitors in the market. I typically keep my cars for longer than average and will likely have the car for a decade if all goes well so depreciation risk is mitigated, but if you only keep cars for a few year, you're going to be paying alot in depreciation per year. These are all expenses you need to factor into your purchase if youre going to make an informed decision.

Maybe not a good response in this case.

 

[MerlintheMad]

Either way I think the overall depreciation of our Stingers will lessen over time, especially as Kias reputation continues to get better.

That's what I expect as well.

I'm not concerned about depreciation at all, because I am keeping this car into the foreseeable future.

 

[eflyguy]

That's poor and slightly immature advice though. A goal in life should be to be financially responsible and to evaluate what your assets projected value will be when you think you'll be selling. As much as I love the car, depreciation is going to be an issue with it more than its competitors in the market. I typically keep my cars for longer than average and will likely have the car for a decade if all goes well so depreciation risk is mitigated, but if you only keep cars for a few year, you're going to be paying alot in depreciation per year. These are all expenses you need to factor into your purchase if youre going to make an informed decision.

This thread is to discuss actual predicted numbers, not judge other members spending habits and financial goals.

Also - the Stinger is not predicted (by KIA, above) to depreciate significantly more (or less) than its competitors in this "enthusiast
space. It WILL depreciate more than established, popular models favored by the general public, but those are not competitors.

 

[Stinger GT SS]

All cars depreciate the minute you drive them off the lot, I can never understand discussions on this subject as it is a given, IMHO if depreciation is a concern for people the simple fix is don’t but a car, you can either catch a cab or a bus or walk....any depreciation concerns are then resolved.

 

[OliverNuther]

All cars depreciate the minute you drive them off the lot, I can never understand discussions on this subject as it is a given, IMHO if depreciation is a concern for people the simple fix is don’t but a car, you can either catch a cab or a bus or walk....any depreciation concerns are then resolved.

Couldn’t agree more. Cars are depreciating assets. So are boats, sound systems or anything else of quality that you buy for the pure enjoyment of owning and using it. Depreciation is the rent you pay for the enjoyment you get.

 

[StingerlondonON]

To go a step further I’ve never considered vehicles an asset. I budget 6k a year for my ‘rental’ fee. Knowing which vehicle to trade when is also important so you never end up upside down.

 

[Ruturaj]

All cars depreciate the minute you drive them off the lot, I can never understand discussions on this subject as it is a given, IMHO if depreciation is a concern for people the simple fix is don’t but a car, you can either catch a cab or a bus or walk....any depreciation concerns are then resolved.

Couldn’t agree more. Cars are depreciating assets. So are boats, sound systems or anything else of quality that you buy for the pure enjoyment of owning and using it. Depreciation is the rent you pay for the enjoyment you get.

To go a step further I’ve never considered vehicles an asset. I budget 6k a year for my ‘rental’ fee. Knowing which vehicle to trade when is also important so you never end up upside down.

True that every car depriciates but not every car depreciates equally. The original question wasn't binary if a car will depreciate or not, it was how much it would. How much per month on you car is how much you pay in fees, interest, depreciation and maintenance over the time you own the car, not the MSRP.

A car that costs higher, is more fun and depreciates less might be a better case. So depreciation does make a difference. That is your rent is lower for a costlier, more fun car.

 

[Doel]

The Stinger will probably depreciate more than a similar BMW or Audi by percentage, its a Kia, but you have to look past that at value and overall cost. If you buy one of those similar German autos, you're going to have a much higher upfront cost so that's going to lock away 10-20k for several years that you could have used for either enjoyment, investment, or essential items. If you keep it more than 4 years, those other cars will also run the risk of repair while the Kia is still under warranty. Because those cars have a higher upfront cost, even if they depreciate a lower percentage the chances are you're still going to lose a similar amount of money when you sell it.

The fiscally responsible thing to do is buy a used 6 year old Toyota Corolla and drive it into the ground. None of us would be on this forum if this is what we were interested in or planning on doing though. The Stinger, even with a probable higher depreciation, is still a better "financial/pleasure investment" than similar competitors cars.

 

[MerlintheMad]

"Fun" is subjective. Nobody can make something fun for somebody else by arguing "rent" or "how much does it cost". The cost is worth it, if the objective in mind is FUN. More fun makes higher cost worth it. Ultimately, if something was so fun that it cost the whole wide world, it would be worth it to someone somewhere.

 

[MisterMac]

As an economist, I'll submit that supply and demand drives the value of these used vehicles.

With so few sold this first year, and likely the first three years, my belief is that our GT Stingers will depreciate less than the estimates the actuaries put into place for residuals.

Only time will tell, but that's my bet.

 

[phxgt]

Everyone knows the "smart" financial decision is to purchase a used car. But sometimes the only answer is "so what"! Want...Need...prudent...go out the door when purchasing a vehicle such as the Stinger.

I am happier driving the Stinger than a 2005 Accord. That might be a better use of money but few will do so.