The 2023 Kia Rio is a stylish and fuel-efficient compact car that become a favourite in the light car segment. Features you can expect from the Kia Rio range include standard wireless Apple Carplay and AndroidAuto, upgraded infotainment and connectivity, and Safety and driver-assistance features. 

This car offers drivers incredible performance although not much space for passengers or cargo. However, if you’re looking for a small car with excellent features, the Kia Rio is a top choice. 

Estimated prices for the 2023 Kia Rio range 

The Kia Rio pricing varies depending on trim levels, optional features, and regional factors. Usually, the vehicle price ranges from around $16,000 for the base model to around $20,000 for the top-tier trim. Additional expenses may be added due to tax or dealership fees. 

Estimate your potential car loan repayments with our online car loan calculator.

Example Calculation for a Kia Rio

Let's take a look at an example calculation for a Kia Rio. Suppose you're considering purchasing an Kia Rio for $19,690 MSRP. You have a trade-in vehicle of $4,990, leaving your loan amount borrowed at $14,700 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 $284.12, with the total cost of the loan coming in at around $17,047. 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 cars to the 2023 Kia Rio 

If you’re interested in vehicles like the Kia Rio, you should check out the Honda Jazz, Peugeot 208, Hyundai I20, Kia Picanto, and Mazda 3. Find a vehicle that fits your needs by doing your research and carefully considering its specifications and features.