2010 Kia Rio
2010 Kia Rio questions and answers
Learn more about the 2010 Kia Rio
Q: If you were to buy a new car and only had these choices what would you pick?
A 2010 Kia Forte, Kia Rio ,Hyundai accent sedan, Kia Rio 5, or a Nissan Versa Hatchback.
A: Versa
Q: TRADE IN to TRADE UP - bad idea?
So, I REALLY want to upgrade my 2007 Kia Rio to the 2010 Kia Forte EX. I got my car appraised CarMax and they valued it at $4k. I owe about $8k on my Rio. The Forte will cost about $17k. I'm not sure what the Kia dealership will value my car at, but is it a bad idea to upgrade right now? Or should I just keep my car and attempt to re-finance to feel better about keepting it lol PLEASE HELP!
A: The bad news is that the Kia dealer isn't likely to outbid CarMax, but the upside is that at $4,000; any lesser amount isn't likely to be vast. Being so far "upside down" into negative equity with your current vehicle, you're nothing less than willing to overpay $4,000 for another used vehicle, to simply not drive the one you have. Unless you're trading to achieve some sort of practical goal like extra hauling capacity or more passenger seats, you're spending a lot to get very little, especially to obtain a used vehicle which you're only likely to stop driving sooner than a new one and perpetuating your upside-downness.
The situation would be much different if say you were buying a heavily-rebated new vehicle at 0% financing whereby you could use the offset in interest costs and longer amortization period to spread-out your $4K hit over many more years, especially now at a time when used cars have never been as relatively expensive or new ones as comparatively cheap. Only you can decide what best meets your particular needs; but you should at least consider trying to sell your existing vehicle privately to try to recover every dime possibe.
Unless the impetus was need-driven rather than want oriented, I'd drive the current vehicle for as long as I could, at least until the point where it'd be completely paid for and I could then evaluate the various costs and benefits of driving a free car for a period or trading it toward a different, new or used vehicle and having to overcome the negative equity mountain all over again.
At the very least, you should both test the private party sales route to see if you can leave a smaller hole for yourself and weigh the virtues and costs of buying a new, rather than used next vehicle. You may then proceed at least with your eyes open to the widest degree possible.
Best of luck. I hope this helps.
Q: HOW MUCH WOULD I PROBABLY PAY FOR INSURANCE ON A 2010 CHEVY CAMARO?
I have State Farm now and i pay $50-60 a month. I have the least amount of coverage that you can get. My old insurance company used to charge me $140-150 a month (for the same amount of coverage). I have an '01 Kia Rio. I know to get a very accurate quote i need to go see my insurance agent but i was just wandering if anybody had an idea of how much it might be around. I want to get a v6, automatic 2010 Camaro. I'm a 20 year old female and i have never got any tickets or been in any accidents(knock on wood).
A: Help yourself - you can check your quotes in internet, for example here - autoinsurance.hotusa.org