Used 2016 Kia Optima Cost to Own
Total 5-Year Ownership Costs
Optima Sedan
LX 4dr Sedan (2.4L 4cyl 6A)
True Cost to Own
$30,007*
Total Cash Price
$13,347
EX 4dr Sedan (2.4L 4cyl 6A)
True Cost to Own
$32,799*
Total Cash Price
$16,604
SX Turbo 4dr Sedan (2.0L 4cyl Turbo 6A)
True Cost to Own
$37,021*
Total Cash Price
$18,715
SXL Turbo 4dr Sedan (2.0L 4cyl Turbo 6A)
True Cost to Own
$37,845*
Total Cash Price
$19,380
LX Turbo 4dr Sedan (1.6L 4cyl Turbo 7AM)
True Cost to Own
$31,510*
Total Cash Price
$14,871
Depreciation
$8,816
Taxes & Fees
$906
Financing
$2,426
Fuel
$6,033
Insurance
$4,274
Repairs
$2,103
Maintenance
$5,449
Ownership Costs: 5-Year Breakdown
2016 Optima Sedan LX 4dr Sedan (2.4L 4cyl 6A)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Tax Credit | $0 | $0 | $0 | $0 | $0 | $0 |
Insurance | $805 | $829 | $854 | $880 | $906 | $4,274 |
Maintenance | $936 | $725 | $541 | $1,613 | $1,634 | $5,449 |
Repairs | $296 | $361 | $440 | $545 | $461 | $2,103 |
Taxes & Fees | $742 | $41 | $41 | $41 | $41 | $906 |
Financing | $830 | $671 | $498 | $314 | $113 | $2,426 |
Depreciation | $3,624 | $1,620 | $1,385 | $1,180 | $1,007 | $8,816 |
Fuel | $1,136 | $1,170 | $1,206 | $1,242 | $1,279 | $6,033 |
True Cost to Own® | $8,369 | $5,417 | $4,965 | $5,815 | $5,441 | $30,007 |
Ownership Costs: 5-Year Breakdown
2016 Optima Sedan EX 4dr Sedan (2.4L 4cyl 6A)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Tax Credit | $0 | $0 | $0 | $0 | $0 | $0 |
Insurance | $784 | $808 | $832 | $857 | $882 | $4,163 |
Maintenance | $936 | $725 | $541 | $1,596 | $1,634 | $5,432 |
Repairs | $296 | $361 | $440 | $545 | $461 | $2,103 |
Taxes & Fees | $911 | $41 | $41 | $41 | $41 | $1,075 |
Financing | $1,033 | $834 | $620 | $390 | $141 | $3,018 |
Depreciation | $4,512 | $2,017 | $1,724 | $1,469 | $1,253 | $10,975 |
Fuel | $1,136 | $1,170 | $1,206 | $1,242 | $1,279 | $6,033 |
True Cost to Own® | $9,608 | $5,956 | $5,404 | $6,140 | $5,691 | $32,799 |
Ownership Costs: 5-Year Breakdown
2016 Optima Sedan SX Turbo 4dr Sedan (2.0L 4cyl Turbo 6A)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Tax Credit | $0 | $0 | $0 | $0 | $0 | $0 |
Insurance | $836 | $861 | $887 | $914 | $941 | $4,439 |
Maintenance | $1,095 | $904 | $497 | $1,904 | $1,816 | $6,216 |
Repairs | $373 | $455 | $555 | $688 | $581 | $2,652 |
Taxes & Fees | $1,021 | $41 | $41 | $41 | $41 | $1,185 |
Financing | $1,164 | $940 | $699 | $440 | $159 | $3,402 |
Depreciation | $5,087 | $2,274 | $1,944 | $1,656 | $1,413 | $12,374 |
Fuel | $1,272 | $1,310 | $1,349 | $1,390 | $1,432 | $6,753 |
True Cost to Own® | $10,848 | $6,785 | $5,972 | $7,033 | $6,383 | $37,021 |
Ownership Costs: 5-Year Breakdown
2016 Optima Sedan SXL Turbo 4dr Sedan (2.0L 4cyl Turbo 6A)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Tax Credit | $0 | $0 | $0 | $0 | $0 | $0 |
Insurance | $879 | $905 | $933 | $961 | $989 | $4,667 |
Maintenance | $1,095 | $904 | $497 | $1,904 | $1,816 | $6,216 |
Repairs | $373 | $455 | $555 | $688 | $581 | $2,652 |
Taxes & Fees | $1,055 | $41 | $41 | $41 | $41 | $1,219 |
Financing | $1,205 | $974 | $724 | $455 | $165 | $3,523 |
Depreciation | $5,268 | $2,355 | $2,013 | $1,715 | $1,464 | $12,815 |
Fuel | $1,272 | $1,310 | $1,349 | $1,390 | $1,432 | $6,753 |
True Cost to Own® | $11,147 | $6,944 | $6,112 | $7,154 | $6,488 | $37,845 |
Ownership Costs: 5-Year Breakdown
2016 Optima Sedan LX Turbo 4dr Sedan (1.6L 4cyl Turbo 7AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Tax Credit | $0 | $0 | $0 | $0 | $0 | $0 |
Insurance | $801 | $825 | $850 | $875 | $902 | $4,253 |
Maintenance | $1,086 | $750 | $528 | $1,638 | $1,812 | $5,814 |
Repairs | $373 | $455 | $555 | $688 | $581 | $2,652 |
Taxes & Fees | $821 | $41 | $41 | $41 | $41 | $985 |
Financing | $925 | $747 | $555 | $350 | $126 | $2,703 |
Depreciation | $4,039 | $1,806 | $1,543 | $1,315 | $1,122 | $9,825 |
Fuel | $994 | $1,024 | $1,055 | $1,086 | $1,119 | $5,278 |
True Cost to Own® | $9,039 | $5,648 | $5,127 | $5,993 | $5,703 | $31,510 |
*Based on a 5-year estimate with 15,000 miles driven per year.
Shop nowLearn about the 2016 OptimaTrue Cost To Own®
Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.
Edmunds Insurance Estimator
The Edmunds TCO® estimated monthly insurance payment for a 2016 Kia Optima in Virginia is:
not available