The 2023 Kia Picanto is a great choice for the budget-conscious car buyer. It’s affordable but provides great features and specifications for city driving. This car is compact but provides clever storage solutions so you can fit your cargo with ease.  

If you’re looking for something small and economical, the Picanto is a good choice. Though it doesn’t have as many features as other vehicles on the market, it gets the job done. It provides a great driving experience and has safety features such as autonomous emergency braking (AEB), although it lacks some advanced safety technologies. 

Estimated prices for the 2023 Kia Picanto

The Kia Picanto comes in a range of makes and models. The 2023 Picanto GT is priced at $20,790 plus on-road costs but the drive-away pricing may come at $22,890 for select postcodes. The cost of ownership is supported by Kia's seven-year warranty and capped-price servicing plans. 

Example Calculation for a Kia Picanto

Let's take a look at an example calculation for a Kia Picanto. Suppose you're considering purchasing an Kia Picanto for $15,990 MSRP. You have a trade-in vehicle of $4,990, leaving your loan amount borrowed at $11,000 and your credit score and personal situation qualify you for an indicative interest rate of 5.99%. You decide to finance the vehicle over a 60-month term.

Using an online loan calculator, you can estimate that your monthly payments would be around $212.61, with the total cost of the loan coming in at around $12,757. This includes the principal amount of the loan, interest paid over the term of the loan, however any fees or charges associated with the loan would still have to be added.

Similar vehicles to the 2023 Kia Picanto 

If you want to expand your car options, similar vehicles to the 2023 Kia Picanto include the Citroen C3, Fiat 500, Ford Fiesta, and Ford Focus. Do your research to make sure the car you choose fits your lifestyle and budget requirements.