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Cost to Own

2024 Kia Sorento Cost to Own

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A 2024 Kia Sorento will depreciate $20,385 after 5 years and have a 5-year residual value of $12,980. With out of pocket expenses at $38,373, the total Cost to Own of the 2024 Kia Sorento is $58,758.

Style
Miles Driven / Year
Lower Costs than Most

The 2024 Kia Sorento is in the top 11-25% for Cost to Own among all Mid-size SUV/Crossovers.

5-Year Cost to Own: $58,758

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $38,373
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
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Depreciation
Depreciation (Loss in Value) $20,385
The car's estimated loss in value from the purchase date over 5 years.
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Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

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Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Kia Sorento photo
2024 Kia Sorento

Cost to Own: $58,758

MSRP: $33,365

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Compare Out of Pocket Expenses

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Kia Sorento
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See Details
Total Out of Pocket Expenses
$38,373
-
-
Fuel
$8,768
-
-
Maintenance
$4,561
-
-
Insurance
$16,380
-
-
Repairs
$664
-
-
Financing
$4,855
-
-
State Fees
$3,145
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-

Compare 5-Year Depreciation

2024 Kia Sorento
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5-year Cost to Own Breakdown

2024 Kia Sorento
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,862
$1,770
$1,718
$1,712
$1,706
$8,768
Insurance
$3,276
$3,276
$3,276
$3,276
$3,276
$16,380
Financing
$1,674
$1,344
$993
$620
$224
$4,855
State Fees
$2,281
$234
$241
$192
$197
$3,145
Maintenance
$610
$960
$614
$1,763
$614
$4,561
Repairs
-
-
-
-
$664
$664
Depreciation
$10,376
$3,003
$3,002
$2,002
$2,002
$20,385
Cost To Own
$20,079
$10,587
$9,844
$9,565
$8,683
$58,758
2024 Kia Sorento Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$20,385
5-Year Out of Pocket Expenses:$38,373
5-Year Cost to Own:$58,758
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FAQs

As of July 2025 insuring a Kia Sorento 2024 will cost approximately $16,380 dollars to insure per year, or $1,365 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of July 2025 average annual maintenance costs for a Kia Sorento 2024 run about $912 dollars, totaling approximately $4,561 dollars over five years.

As of July 2025 average annual depreciation for a Kia Sorento 2024 runs about $4,077 dollars, totaling approximately $20,385 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Kia Sorento 2024 can be expected to depreciate around $20,385 dollars over the course of 5 years, averaging $4,077 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Kia include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Kia Sorento 2024 run about $912 dollars or $4,561 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Kia.

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