How Much Should I Pay: 2008 Kia Rio
Question From Debbie: Kia Rio LX 2008 31,000 price $8,999 from a dealer. Car is in very good shape. Is this a fair price and if I pay cash, how much can I negotiate?
Queen of the Road: Hi Debbie. Welcome to AutoBragBlog! You can negotiate about $500 less! Actually even lower depending on the car’s condition.
For a 2008 Kia Rio Sedan LX with 31,000 miles, wholesale prices range from $7,400 (being in above average condition) to $6,900 (being in average condition) and $6,400 (being in below average condition).
A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $7,400 to $8,500. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
