2015 Kia Rio LX 60k miles. I financed the car $12500 and CarMax offered $9500. I am unsure if this model is prone to blowing up. Do I take this loss and focus on getting a Honda/Toyota?
Have you priced around the Toyota or Honda models you want? You probably need to add much more than your loss to get a decent one. If your current Kia does not give you issues, keep the car. The current market is not good to buy cars.
All the Toyota dealers are doing this in my area. I recently walked out of a dealer who wanted $9,000.00 worth of mandatory options like keyfob insurance, wheel insurance and an extended warranty. They sprung this on my when I came in to take delivery after signing a contract and having a cashiers check cut for the contracted amount. "Just put in on a credit card" they said. I walked down the street and bought a Kia which comes with 10 years on the drive train. I am not trying to endorse Kia but I can buy an awful lot of groceries with $9,000.00 . I blame the dealer cartels more than Toyota but then again Toyota does not seem to police their dealers either. As long as they move the cars they don't care. Unless the Rio is a money pit I would stick with it. It owes you nothing. All the things you list are par for the course on any car.
Consider yourself lucky you got offered $9500 for it.
Have you priced around the Toyota or Honda models you want? You probably need to add much more than your loss to get a decent one. If your current Kia does not give you issues, keep the car. The current market is not good to buy cars.
Only TPMS even after replacing sensors is my issue at this time. I have been extensively looking at cars at most $17k but that might mean financing $22k for a used car that may have 40k to 80k miles 🥲 but thanks for the input. I may just suck it up then and hope that the Kia doesn't have the risk of exploding?
If you take care of the car, it may last. The other thing to consider is that most, if not all, used cars have issues and it may cost a fortune to make them run fine. You already have a good running car, so keep taking care of it.
How long have you owned it?
Thanks for the update. Make sure your mechanic checks the car thoroughly before purchase.
No purchase on the 2019 Toyota Yaris. Dealership wanted to charge me $8000 in aftermarket crap that they couldn't take off. Gas was near empty when driving. Their TPMS was on 🤣
Keep the Kia. In this market, you should only buy cars if you have to.
Keep it, baby it and change the engine oil every 3 to 5000 miles. If you look after it there is less chance of anything bad happening and as time goes by you will slowly get back on your investment.
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Have you priced around the Toyota or Honda models you want? You probably need to add much more than your loss to get a decent one. If your current Kia does not give you issues, keep the car. The current market is not good to buy cars.
Small update! Apparently a dealership where I've been eyeing a 2019 Toyota Yaris for 16253 is willing to do more than $9500. I'm hoping maybe $1000 gap so it'll be worth saving that much in repairs in the next 10 years.
Thanks for the update. Make sure your mechanic checks the car thoroughly before purchase.
How long have you owned it?
I've had it since mid February, starting 54k. Had to replace one wheel bearing, flushed transmission fluid at 60k, and then the TPMS sensors. Financed for around 12.5k. I have my eyes set on a 2019 Toyota Yaris with 66k for 16k. Knowing that I also helped my partner get a 2010 Toyota Yaris and I grew up being a passenger in one, I think it'll hold well. Thoughts?
Keep the Kia. In this market, you should only buy cars if you have to.
True. I bought this Kia out of necessity when my 2013 Honda insight blew up it's cylinder because of possibly excessive oil consumption. I am fortunate for your advice and support. I had only hoped that I could get a more reliable vehicle and beat my current APR rate but it's a joke when my own credit isn't that good. Thank you again.
Just keep up with the maintenance and do not drive it hard. The good thing is that you do not have to buy a car in this crazy market.
All the Toyota dealers are doing this in my area. I recently walked out of a dealer who wanted $9,000.00 worth of mandatory options like keyfob insurance, wheel insurance and an extended warranty. They sprung this on my when I came in to take delivery after signing a contract and having a cashiers check cut for the contracted amount. "Just put in on a credit card" they said. I walked down the street and bought a Kia which comes with 10 years on the drive train. I am not trying to endorse Kia but I can buy an awful lot of groceries with $9,000.00 . I blame the dealer cartels more than Toyota but then again Toyota does not seem to police their dealers either. As long as they move the cars they don't care. Unless the Rio is a money pit I would stick with it. It owes you nothing. All the things you list are par for the course on any car
This all happened to me yesterday at a Hyundai dealership. But I can also understand that this must happen very commonly and many other dealerships unfortunately. I certainly hope that your car and model will not have to and dear what many others have had to including having their car engines blow up. This was also the biggest reason why I decided I wanted to try and be hopeful that I could go to an honest dealership and pick up a used yaris. I just hope that by purchasing and extended warranty outside of the one that dealership gives you will be enough to cover when or if my engine blows up. And as the second owner of a Kia Rio, I can't take advantage of that 10-year warranty sadly. But congrats!
In New York the balance left on the cars warranty goes to the second owner. That warranty was paid for so it does not go away. I found this out on a used Veracruze I bought a couple of years ago. I got the NYSAG involved and a dealer had to refund me for repairs they claimed were not covered because I was the second owner. Dealers have no conscience they will tell you anything that is convenient. The Toyota and Honda dealers are controlled by powerful cartels. There is no consequence other than refunding your money so they take chances your ignorant. In the case you fall for it they collect twice. From you and then from the car company.
I once got a questionnaire about my service experience before the car was even ready. That means they submitted a bill to the car company before doing the repair. I answered the questionnaire stating when the car is finished then I will give you a critique but the car is not ready yet so I have no comment. I got a bunch of angry phone calls from the service manager. I told him the same thing only I added the word "stupid".
It is the wild west out there when purchasing cars. You have to be your own advocate. Scotti's videos are great for repairs and industry buzz. Watch some of the Kevin Hunter videos for dealing with buying and selling.
And whatever you do don't tell my wife. {black}:smile:
Good luck
I am unsure if this model is prone to blowing up
The 1.6 GDi engine isn't great - not even close to its competition.
The 6 speed automatic transmission is quite good.
You can get 100k - 150k miles out of this car with good maintenance.
(5k mile engine oil interval, 20k (30k at most) miles ATF replacements)
I've owned 2 cars based on the Rio, (other than the GDi engine, which I didn't have) they aren't bad cars they tend to age and get that "old car feeling" where everything is slightly broken or worn - a thing I never got on a Toyota.
Do I take this loss and focus on getting a Honda/Toyota?
Check how much it'd cost to get one with reasonable millage in great condition - and if that's something you can easily afford (the Kia is really not THAT bad) why not.
The best models are:
Toyota Corolla: pre-2010 are oil burners, 2010-2013 are decent, after 2013 only the L trim level is trouble free.
Mazda3: pre-2014 are rebadged euro-Fords, 2014-2018 are some of the best cars in existence, the reliability of new ones is still unclear.
