Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 KIA OPTIMA's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2008 KIA OPTIMA in 2008 was $13,998.
The average price for used 2008 KIA OPTIMA nowadays in 2024 is $4,885 which is 35% from the original price.
Estimated mileage driven per year is 11,817 miles.
The graph below is a depreciation curve for 2008 KIA OPTIMA. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2008 KIA OPTIMA in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $13,998 | — | — | 100% | 0% |
| 2012 | 59,085 mi | $17,150 | +$0 | +0% | 122.52% | -22.52% |
| 2013 | 70,902 mi | $15,990 | +$1,160 | +6.76% | 114.23% | -14.23% |
| 2014 | 82,719 mi | $14,497 | +$1,493 | +9.34% | 103.56% | -3.56% |
| 2015 | 94,536 mi | $13,298 | +$1,199 | +8.27% | 95% | 5% |
| 2016 | 106,353 mi | $12,768 | +$530 | +3.99% | 91.21% | 8.79% |
| 2017 | 118,170 mi | $10,990 | +$1,778 | +13.93% | 78.51% | 21.49% |
| 2018 | 129,987 mi | $10,500 | +$490 | +4.46% | 75.01% | 24.99% |
| 2019 | 141,804 mi | $9,749 | +$751 | +7.15% | 69.65% | 30.35% |
| 2020 | 153,621 mi | $8,800 | +$949 | +9.73% | 62.87% | 37.13% |
| 2021 | 165,438 mi | $7,995 | +$805 | +9.15% | 57.12% | 42.88% |
| 2022 | 177,255 mi | $5,039 | +$2,956 | +36.97% | 36% | 64% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the KIA OPTIMA’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2008 KIA OPTIMA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 KIA OPTIMA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 35,000 mi | $7,995 | 15 sales |
| 40,000 mi | $7,396 | 10 sales |
| 45,000 mi | $7,393 | 10 sales |
| 50,000 mi | $8,525 | 29 sales |
| 55,000 mi | $7,948 | 18 sales |
| 60,000 mi | $6,725 | 36 sales |
| 65,000 mi | $6,000 | 31 sales |
| 70,000 mi | $6,211 | 61 sales |
| 75,000 mi | $5,986 | 54 sales |
| 80,000 mi | $6,491 | 44 sales |
| 85,000 mi | $5,376 | 59 sales |
| 90,000 mi | $5,988 | 69 sales |
| 95,000 mi | $5,491 | 83 sales |
| 100,000 mi | $5,495 | 83 sales |
| 105,000 mi | $4,999 | 66 sales |
| 110,000 mi | $4,999 | 94 sales |
| 115,000 mi | $4,900 | 68 sales |
| 120,000 mi | $4,988 | 91 sales |
| 125,000 mi | $4,990 | 94 sales |
| 130,000 mi | $4,990 | 91 sales |
| 135,000 mi | $4,885 | 93 sales |
| 140,000 mi | $4,601 | 94 sales |
| 145,000 mi | $4,538 | 75 sales |
| 150,000 mi | $3,997 | 82 sales |
| 155,000 mi | $4,479 | 61 sales |
| 160,000 mi | $3,995 | 40 sales |
| 165,000 mi | $3,999 | 59 sales |
| 170,000 mi | $3,990 | 60 sales |
| 175,000 mi | $4,099 | 30 sales |
| 180,000 mi | $3,999 | 28 sales |
| 185,000 mi | $3,900 | 35 sales |
| 190,000 mi | $4,249 | 22 sales |
| 195,000 mi | $2,995 | 11 sales |
| 200,000 mi | $3,500 | 21 sales |
| 205,000 mi | $3,420 | 31 sales |
| 210,000 mi | $3,998 | 18 sales |
| 215,000 mi | $2,500 | 11 sales |
Frequently asked questions
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
Depreciation directly affects the resale value of a 2008 KIA OPTIMA, with faster depreciating vehicles typically having lower resale values over time.
Aftermarket modifications can affect the depreciation of 2008 KIA OPTIMA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Proper maintenance and good condition can slow the depreciation of a 2008 KIA OPTIMA by making it more attractive to potential buyers, thereby preserving more of its value.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Other years of KIA OPTIMA
2011 KIA OPTIMA
$7,995 average used price
13,500+ sales records
2014 KIA OPTIMA
$10,500 average used price
38,700+ sales records
2016 KIA OPTIMA
$12,768 average used price
105,600+ sales records
2018 KIA OPTIMA
$14,497 average used price
90,400+ sales records
2019 KIA OPTIMA
$15,990 average used price
105,800+ sales records
2020 KIA OPTIMA
$17,150 average used price
78,000+ sales records
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2008 KIA OPTIMA on BADVIN
