A "USED" Kia K900 might be the best Luxury Car Deal ever

"Schaefft" (Schaefft)
02/21/2016 at 14:56 • Filed to: Kia, k900, quoris, luxury, car, deal, of, the, century

Just checked the prices for second hand Kia K900s (Kia’s flagship introduced around a year ago) and couldn’t believe my eyes. You can get a completely over loaded, RWD, V8 fullsize luxury sedan with pretty much any option you can think of, including the VIP package that gives you electric reclining rear seats, thats practically brand new, for around 35.000$ now. Considering the cars MSRP of around 70.000$, this means the car lost around 50% of its value in just 12 months. This is completely insane.

Personally I couldn’t care less about the badge or the apparently old school landyard like ride. I would be the first one at a Kia dealership to make the deal of the century. Unfortunately Kia probably won’t sell it to us here in Yurop, so I can only dream...

Here’s a fully loaded 2015 with beautiful white leather, every single available option and 42k miles for around 32 grand:

!!! UNKNOWN CONTENT TYPE !!!

For people that think the mileage is fairly high, heres one with 12k miles for 32.000$:

!!! UNKNOWN CONTENT TYPE !!!

EDIT: Are the links working for others? Seems like Autotrader doesn’t like showing the ads.

DISCUSSION (54)

For Sweden > Schaefft
02/21/2016 at 15:05

42,000 miles in a single year!

415s30 W123TSXWaggoIIIIIIo ( •_•))°) > Schaefft
02/21/2016 at 15:05

Nah, I’d rather have a used Infiniti M class. People don’t think about those much either and you get a Nissan. I guess because I have Z I am sort of a Nissan guy, I would rather have a Japanese car.

Dwhite - Powered by Caffeine, Daft Punk, and Corgis > Schaefft
02/21/2016 at 15:07

While are are right 42,000 miles is a lot for a car that is just a year old.

Schaefft > For Sweden
02/21/2016 at 15:10

Indeed it is. But as we all know you have to differentiate between long distance miles and short trips. Also, don’t forget Kia gives you a 10 year!/100.000 mile powertrain warranty. That alone would be worth it.

Schaefft > 415s30 W123TSXWaggoIIIIIIo ( •_•))°)
02/21/2016 at 15:11

I do like Infiniti’s M cars, and they are overlooked by most. But when it comes to luxury, I doubt the older M could hold a candle to the K900.

Opposite Locksmith > Schaefft
02/21/2016 at 15:11

So many miles for a year

blacktruck18 > Schaefft
02/21/2016 at 15:12

I have had the same thought about these and the Hyundai Genesis/Equus. The only thing is how much depriciation is left in them. Do they take another 50% hit in the second year?

Schaefft > Opposite Locksmith
02/21/2016 at 15:14

http://www.autotrader.com/cars-for-sale/…

Schaefft > Dwhite - Powered by Caffeine, Daft Punk, and Corgis
02/21/2016 at 15:14

http://www.autotrader.com/cars-for-sale/…

Schaefft > blacktruck18
02/21/2016 at 15:15

You should be able to tell by checking prices of the Equus, it’s been out for a few years now.

Supreme Chancellor and Glorious Leader SaveTheIntegras > Schaefft
02/21/2016 at 15:18

I have been trying to push my dad into one of these due to the fact they’re just a steal for the price and what you get.

blacktruck18 > Schaefft
02/21/2016 at 15:19

I guess I could have worded that better. The Equus (Equui?) are down to 15-20k for 2011 and 12 models. I would think that at that point you could pick one up without any huge hits.

Schaefft > Supreme Chancellor and Glorious Leader SaveTheIntegras
02/21/2016 at 15:23

I just love the fact that you have the option to buy a great, left field V8 luxury sedan that you don’t see too often on the road for that kind of money. The badge doesn’t play a role at all in that case. Like I said, I would seriously consider it if they were available over here.

m-b-w loves his SUBAROO > Schaefft
02/21/2016 at 15:24

Not transferable though. Second owner only gets 5 year 60k.

Schaefft > blacktruck18
02/21/2016 at 15:25

Crazy! I’ve never been too fond the the Equus’ styling, while I loved the first gen Genesis. But you can hardly buy a nicer car for less money.

Schaefft > m-b-w loves his SUBAROO
02/21/2016 at 15:27

Now thats interesting. Still better than any comparable car’s warranty plans though.

m-b-w loves his SUBAROO > Schaefft
02/21/2016 at 15:29

Yep. Kia, Hyundai, and Mitsubishi all do that in order to be sure that they don’t have to cover a large amount of their cars up until 100k.

Master Cylinder > Schaefft
02/21/2016 at 15:34

Wow, I was basically unaware of this car. I would like to add a big land yacht to my garage in the next couple of years, too. I’ll have to keep my eye on these, I’d bet they’ll probably bottom out at another 50% less than this.

blacktruck18 > Schaefft
02/21/2016 at 15:35

I saw one parked at the grocery store a couple of months ago and it got the wheels turning. I was thinking along the same lines, pretty cheap and pretty luxurious it could be cool to own one, I think I would get bored with one though.

jkm7680 > Schaefft
02/21/2016 at 15:36

I’d rather have a Maybach for $20,000 more.

http://www.cars.com/vehicledetail/…

sm70- why not Duesenberg? > Schaefft
02/21/2016 at 15:36

If I were going to do this, I’d go for the K900's more attractive (inside & out) cousin, the Hyundai Equus. Still, a screamingly good deal all around.

Schaefft > Master Cylinder
02/21/2016 at 15:39

They definitely will. Kia added a 3.8l V6 this year which should increase fuel economy slightly. Apart from that, I really cannot see a reason why this shouldn’t be on anyone’s list when looking for a great luxury car.

Schaefft > blacktruck18
02/21/2016 at 15:42

It wouldn’t be my only car. This would serve as an unbeatable commuter and long distance cruiser. I really can’t think of anything better for the money thats not several years older.

Schaefft > jkm7680
02/21/2016 at 15:44

They do remind me too much of the W220 though, which you can get for under 5 grand. Way too expensive for what it is.

Dr. Zoidberg - RIP Oppo > jkm7680
02/21/2016 at 15:44

20k more would not make this is an inexpensive used luxury pick though.

Schaefft > jkm7680
02/21/2016 at 15:46

Also salvage title. An additional 20k isn’t pocket change either. :p

Schaefft > sm70- why not Duesenberg?
02/21/2016 at 15:49

Personally Im not the biggest fan of the first Equus Hyundai sold in the states, styling wise. The new one might be a different story. It probably won’t take too long for it to come down do similar price levels.

Steve in Manhattan > Schaefft
02/21/2016 at 16:04

If you took off the Kia badges and replaced them with Lexus badges and stuck it on a stand at the NY Auto Show, I’d believe it. And that’s a lot of car for the money, and reliable.

Schaefft > Steve in Manhattan
02/21/2016 at 16:08

I can imagine most would have trouble telling the rear of the latest LS apart from that of the K900. They are fairly similar.

Steve in Manhattan > Schaefft
02/21/2016 at 16:19

There’s also some Toyota Avalon in there, Fusion/Aston in the front end, and some Infiniti M from the beltline up, especially at the rear. Not that any of this is a criticism. It’s just that a design that isn’t derivative is a rare thing, like the first Taurus. And love Bangle or hate him (I’m mostly the latter) he did some interesting things.

Steve in Manhattan > blacktruck18
02/21/2016 at 16:28

It almost doesn’t matter if you’re going to keep the thing and just drive it. Cost per mile is the thing, and it’s also important that you like it. If you spend a lot of time in the driver’s seat, you need to be happy.

Andrew T. Maness > Schaefft
02/21/2016 at 16:51

They’re a great buy, and in my not so humble opinion, way better than the Equus.

blacktruck18 > Steve in Manhattan
02/21/2016 at 16:51

For most people you are right. However, I know myself well enough to know I have to consider resale when I buy something. I get bored with cars pretty quick.

Tom McParland > Schaefft
02/21/2016 at 17:00

That depreciation...man, no wonder Kia might drop the K900 from the lineup. Definitely a good value though.

Steve in Manhattan > blacktruck18
02/21/2016 at 17:19

I hear you - my 20s were the period when I had the most cars (serially) probably 12 or 13. Then I just gave up, bought one and drove it until it didn’t make sense anymore, then got something else.

Schaefft > Tom McParland
02/21/2016 at 17:23

I truly wish cars like this would be more popular. Diversity is a good thing, and even though I really like what the established (and less established) manufacturers are offering, it would be a shame to not be able to chose something like a luxury Kia, something thats unique in its own ways.

shop-teacher > Schaefft
02/21/2016 at 17:29

I sat in one at the Auto Show last week, and was genuinely impressed by the interior. It’s very nice, and extremely comfortable.

plak424 > Schaefft
02/21/2016 at 18:20

I’ve also been looking at the 4.6 genesis sedans for the same reason. 385 horse v8, 20k miles for like 25-30k.

Tom McParland > Schaefft
02/21/2016 at 18:46

This is true..but Kia (and Hyundai to a less extent) are stuck in a chicken and egg scenario with luxury cars. That market is very much badge and legacy dependent...value in product isn’t as important to buyers compared to the mainstream market. Just look at Cadillac, they have the legacy (or had the legacy) and they are making good products, but they can’t overcome the snob factor.

wiffleballtony > Tom McParland
02/21/2016 at 19:02

This is the truth right here.

wiffleballtony > Schaefft
02/21/2016 at 19:03

Still wouldn’t buy one at that price.

Under_Score > Schaefft
02/21/2016 at 19:17

Hyundai/Kia depreciation is why I’ve been looking at their models, specifically fully loaded Tucson Limiteds.

Schaefft > Tom McParland
02/21/2016 at 19:19

I had Cadillac in mind when I was typing this reply. It is a shame, really. On the other hand Lexus could prove (in the US at least) that producing extremely high quality vehicles for the luxury segments without really having a reputation for luxury cars can work. On the other hand Toyota did have a reputation for high quality vehicles, so theres that. Also, now that this niche is taken, Hyundai/Kia will have to figure out something else that will make them stand apart from the rest, which probably is harder than ever. We’ll see how the Genesis brand goes.

Schaefft > Under_Score
02/21/2016 at 19:23

The Tucson probably still is better off than the K900, with its much lower starting price, the SUV/Crossover craze and all. The demand for it is there, the demand for a 65 grand fullsize Kia isn’t unfortunately.

Tom McParland > Schaefft
02/21/2016 at 19:25

Part of what made Lexus successful is the long term build quality, as you mentioned but also a commitment to having a top-notch dealer experience. The brand was very strict in the early days on how their dealers conducted themselves. Hyundai learned this the hard way with the Genesis brand cars and Cadillac still hasn’t figured out that you can’t have rejects from the Sopranos pushing your product.

Chariotoflove > Schaefft
02/21/2016 at 19:27

Yes! I've written before that I found the same kinds of deals on K900s. Almost no miles on them and $35-38k, even at Carmax. Sit in one and you'll see that you don't compromise anything over a Lexus. I tried to convince my wife to look seriously at one, but she was dead set on the Sedona for several reasons (and she was right, but still I had to try).

Under_Score > Schaefft
02/21/2016 at 19:27

Yeah, they definitely aren’t at the K900 level of depreciation, but these Tucsons that had MSRPs of $30,000+ (these are ones with basically every option except AWD) are now three years old with 40,000 miles and cost between 15 and 20,000 dollars. Comparable EX-L CR-Vs are like 23, 24,000 still.

Chariotoflove > Tom McParland
02/21/2016 at 19:33

Tom, I’m still optimistic that Hyundai and Kia can sell luxury in the long run. It’s been a lot of years since the Excel, but they now have a hard-earned reputation for quality and value. Yeah the luxury market is dominated by badge snobbery, but I truly believe there is a decent market of people who want to treat themselves now that they can and don’t care what other people think. I park in a work garage full of Lexus, Porsche BMW, Jag, Maserati, and even Bentley. But there is this one K900, and I hope someday I can meet the owner and shake his hand, because I suspect he’s smarter than all of them.

Schaefft > Chariotoflove
02/21/2016 at 19:36

Good to see I’m not the only one, I believe they deserve all the attention they can get. Otherwise it won’t take a year or two and they are gone from Kia’s lineup.

Chariotoflove > Schaefft
02/21/2016 at 19:41

What I don’t understand is who are these people who paid sticker and then sold at a huge loss to Carmax a year later? People whose buddies at the club took them aside and convinced them they’re a disgrace? Or maybe these were fleet vehicles of some sort?

Schaefft > Chariotoflove
02/21/2016 at 19:50

The cars on there were most likely registered by Kia dealers, press vehicles and vehicles supplied by Kia to certain employees (company car). There might be people that actually bought them thinking they got an excellent deal and had to get rid of it again a year later because of financial struggles, but most of them will have had Kia as their first owner one way or another.

Chariotoflove > Schaefft
02/21/2016 at 20:19

That makes sense.

Tom McParland > Chariotoflove
02/22/2016 at 07:48

I think the Hyundai has a shot and within the next 10 years will be recognized along side other tier 2 luxury brands like Acura, Infiniti, Lincoln etc...the new Genesis is really nice and is selling much better than the last generation. The Equus will take time to find serious buyers, but I don’t think Kia can make it. The dealer network is too used to preying on credi challenged customers and for some reason that brand is still seen as “cheap” among mainstream buyers.

Chariotoflove > Tom McParland
02/22/2016 at 09:35

You may be right about Kia, but our perception when we bought our Sedona was that the showroom did a good job presenting the car. That may be our bias carrying over because we perceived the Sedona as more premium than the other vans we had seen. Still, my understanding is that the K900 was built for the Korean market primarily, and the US is just extra credit. But I'll be sad to see them go.