If you've ever found yourself in the market for a new car, you may have heard of something called residual value, but wondered exactly what it means.
Residual, or resale value, is a figure that represents how well a vehicle retains its overall worth after a set period of time. In many studies regarding residual value, this time period is often 36 months or three years.
Well, we at Wagner Kia of Shrewsbury want you, our Shrewsbury, MA readers to know, that residual value is not something you have to fret about if you drive a new Kia model.
In fact, one of the most popular new Kia models, the 2014 Kia Soul was recently named to the top of its segment in resale value as determined by the auto analysis experts over at ALG. In total, the 2014 Kia is able to retain about 57 percent of its value after three years - which is higher than the average for its class.
"The redesigned Kia Soul offers the economy of a small hatchback with increased utility and premium feel for the price," explains Eric Lyman, vice president of editorial for ALG. "Kia is a brand on the rise, and the Soul combines personality and value to deliver a product poised to retain its value over time."1
If you'd like to learn more about the 2014 Kia Soul, or another new Kia model you've been wanting to take for a test drive, then we at Wagner Kia of Shrewsbury invite you to visit us, at your convenience.
Source: 1 http://www.kia.com/worldwide/about-kia/company/corporate-news-view.aspx?idx=697&Page=1&s1=1&sv=
