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Motor 1
02-07-2025
- Automotive
- Motor 1
‘Fine Print:' Should You Really Buy Kia Dealer's 'Million-Mile' Warranty? Here's What You Need to Know
A driver passes by a sign advertising Kia's 'Million-Mile' warranty and admits he is tempted to cash in by trading in his current vehicle. The internet advises him to read the fine print first. TikTok user @diecastloverr posted a video about the promotion on May 8. The video shows a Kia dealership with a banner outside advertising its 'Million-Mile Warranty.' In the on-screen text, @diecastloverr writes, 'Kia is kind of tempting me to trade in my car.' In the caption, he writes, 'Is this real? I feel like it's AI. Tempting.' Is Kia's 'Million-Mile Warranty' Too Good to Be True? In the comments section, many viewers suggested @diecastloverr first read the promotion's fine print before making a final decision. Others simply used the comment thread to express their skepticism—and in some cases, downright disdain—for Kia's reliability. 'Can only imagine the ridiculous stipulations and how easy it is to be voided,' guessed one person. 'They give that warranty because you'll need an engine every 100k miles,' wrote a second person. A third person joked, 'They meant million mile tow truck service warranty.' However, not everyone hopped on the Kia hate bandwagon. 'I have a 2024 Telluride Prestige X-Pro. It's incredibly luxurious for what we paid,' wrote one person. Another person backed up the sentiment. 'My mom bought a Kia Stinger back in 2020. It's yet to have issues. The inside is pretty nice too. Modern Kias are pretty good cars as long as you keep up with maintenance, of course,' they wrote. Kia's 'Million-Mile Warranty' Explained It's important to note that this is a dealership-specific warranty and not one from Kia's corporate office. @diecastloverr shot the video in Virginia, so let's take a look at the fine print of the extended warranty offered by Safford Kia of Fredericksburg. The dealership is proud to offer an exclusive version of the free warranty, which it calls 'the most comprehensive' on the market. 'Almost every component of your Kia powertrain will be covered—right down to the seals,' the site reads. The warranty lasts for 1 million miles over an unlimited number of years. It covers engines (including turbocharged and supercharged models) and transmissions, including automatic, standard, transfer case, front-wheel drive, and rear-wheel drive. The fine print on the website does note, 'all warranties and roadside assistance are limited. See retailer for details.' Motor1 reached out to Safford Kia of Fredericksburg via its website contact form to learn more about the fine print of this specific deal. Motor1 reached out to @diecastloverr via TikTok comment and direct message for comment. Now Trending Veteran Mechanic Puts Brand-New Engine in Jeep Gladiator with 45,000 Miles. It Turns Into an 'Absolute Nightmare' 'Look at This. Tell Me What's Wrong:' Man's Wife Has A Volkswagen Atlas. He Can't Tell if the Speedometer Works Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
28-06-2025
- Automotive
- Yahoo
5 Cars With Trade-In Values So Low That They're Not Worth Selling
Trading in a car can seem like the easiest way to upgrade your ride, but for some models, the dealer's offer will feel like an insult. In 2025, several vehicles are facing such steep depreciation and low demand that their trade-in values are shockingly low. Lauren Fix, automotive expert at Car Coach Reports, explained that high depreciation, oversupply and expensive maintenance are the main reasons these cars are so undervalued. Find Out: Read Next: Dealers also factor in brand perception and the cost of reconditioning, which can slash offers even further. For many owners, the trade-in value might be lower than what they could get from a private sale or even scrapping the car. Here are five cars with trade-in values so low that selling them to a dealer just does not make financial sense for most owners. Also consider these five cars are worth trading in for a newer model. The Jaguar I-PACE, an electric SUV launched with high hopes, now leads the pack in five-year depreciation, losing about 72.2% of its value, according to iSeeCars. Originally priced around $75,000, a 2020 model in average condition might only fetch $20,000 to $25,000 as a trade-in. Fix said this is due to rapid electric vehicle (EV) depreciation and low demand for Jaguar's aging design. Dealers hesitate to offer more because of high battery replacement costs and the brand's reputation for reliability issues. With a saturated used EV market and newer, more advanced electric models, the I-PACE's trade-in value is so low that owners should explore private sales or tax-deductible donations. Trending Now: The Maserati Levante, a luxury SUV, suffers from one of the highest depreciation rates in its class. According to CarEdge, it lost about 74% of its value after five years. Dealers are wary of the Levante's expensive maintenance and repairs, as well as Maserati's spotty reliability record, which further depresses its resale value. Fix said a 2019 Levante with an MSRP of $80,000 may only sell for $25,000 to $30,000, especially if it has considerable miles. For most owners, the trade-in offer will feel like a fraction of what the car once cost, making private sale, donation or keeping the car for personal use a smarter choice. The Nissan Leaf, once a pioneer in the electric vehicle market, now faces rapid depreciation due to outdated battery technology and limited range. According to CarEdge, the Nissan Leaf will 'depreciate 62% after 5 years' and have a '5-year resale value of $13,308.' The market for used Leafs is crowded, and dealers know that buyers prefer newer EVs with longer ranges, so they offer less to minimize their risk. For example, Fix said a 2020 model, initially $35,000, may only receive $10,000 to $12,000 in trade-in, a 60% loss in five years. Owners may find that selling privately or donating the car for a tax deduction will yield better value than accepting a dealer's lowball offer. The Chrysler 300, a full-size sedan once popular for its bold styling, now suffers from low demand and a poor resale reputation. According to iSeeCars, a new Chrysler 300 depreciates 52.1% after five years, resulting in a typical resale value of $16,422. Fix said excessive mileage (over 100,000 miles) or accident history can further reduce trade-in bids by 10 to 20%, frequently below private sale or trash value. Dealers are reluctant to pay more for a car that is difficult to resell, especially when factoring in reconditioning costs and the risk of sitting on unsold inventory. For many Chrysler 300 owners, trading in will not make sense financially, and exploring private sale options or keeping the car longer may be wiser. Auto mechanic and JustAnswer expert Chris Pyle suggests keeping the car if you need a spare or sell it online or from your front yard, rather than going to the dealership. According to Fix, Dodge Hornet was the slowest-selling new automobile, with a 299-day supply on dealer lots as of late 2024. She explains that an oversupply of slow-selling models, forces dealers to offer low trade-in values to clear lots. Moreover, CarEdge projects a Dodge Hornet will depreciate 65% after five years, with a three-year resale value of about $15,600, confirming the steep loss in value. Recent trade-in offers on CarMax show 2023 Dodge Hornets ranging from $21,000 to $24,000 for low-mileage vehicles. This means for higher-mileage or less desirable trims, trade-in values of $12,000 to $14,000 for a three-year-old model are realistic. Owners looking to maximize value should consider selling privately, donating for a tax deduction or holding onto the car until market conditions improve. Editor's note: Photos are for representational purposes only. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on 5 Cars With Trade-In Values So Low That They're Not Worth Selling
Free Malaysia Today
09-05-2025
- Automotive
- Free Malaysia Today
CARSOME reappointed as official trade-in partner for Malaysia Autoshow 2025
Chris Ang (right), CARSOME Malaysia's managing director presents Azrul Reza Aziz, MARii's CEO, a limited-edition varsity jacket in conjunction with the Malaysia Autoshow 2025. (CARSOME pic) SERDANG : Southeast Asia's largest integrated car e-commerce platform, CARSOME, has announced their reappointment as the official trade-in partner for the Malaysia Autoshow 2025. The prestigious event will be held at the Malaysia Automotive, Robotics, and IoT Institute (MaRii) at MAEPS Serdang from today, May 9 to May 15. Building on last year's success, this marks CARSOME's second consecutive year at the Autoshow, bringing fresh experiences and exclusive offers for automotive enthusiasts. Touching on the event, Eric Chan, CARSOME Group's president and chief operating officer, said: 'This event continues to be a meaningful platform for us to engage with Malaysians through an accessible sell-your-car experience, car ownership solutions, exciting offers, and community-driven experiences.' Adding to this year's excitement is CARSOME's collaboration with the Football Association of Malaysia (FAM) that has arranged for special appearances of football players from Harimau Malaya Men's and Women's National Teams. Chan said the CARSOME-FAM collaboration has added a unique layer to this year's showcase, blending national pride with practical rewards. 'We look forward to connecting with more customers and making car ownership even more enjoyable and rewarding,' Chan said. Eric Chan, CARSOME Group's president and COO says that the e-commerce platform's collaboration with the Football Association of Malaysia (FAM) has added a unique layer to this year's Autoshow. (Carsome pic) Meanwhile Azrul Reza Aziz, CEO of MARii, said they were proud to welcome CARSOME back as their official trade-in partner for the event. 'This Autoshow has grown into a key regional platform that not only promotes Next Generation Vehicles (NxGV) aligned with National Automotive Policy, but strengthens public engagement with technology, lifestyle, and community. 'As Malaysia positions itself at the heart of Asean's automotive and mobility ecosystem, strategic partnerships like these embody the spirit of innovation and regional collaboration we aspire to foster,' Azrul added. Azrul Reza Aziz says they are proud to welcome CARSOME back as MARii's official trade-in partner for the Malaysia Autoshow 2025. (Carsome pic) On May 10 of the event, football fans can meet Harimau Malaya's men's team midfielder Safawi Rashid and striker Paulo Josué, who will be at the venue from 1.15pm to 2.15pm. On May 13, women's team midfielders Nur Lyana Soberi and Farahiyah Muhamad Ridzuan will be at CARSOME's booth from 1.15pm to 2.15pm to catch up with football fans. CARSOME will also be unveiling a range of limited-edition FAM merchandise, available exclusively at their booth. Besides taking home memorable keepsakes, football fans will also enjoy attractive event-only promotions. These include an additional RM500 discount on top of ongoing monthly offers when purchasing a CARSOME Certified car, and an extra RM200 on top of the offer price when selling a car to CARSOME. And the excitement doesn't end there! Visitors to the Autoshow can look forward to an exciting line-up of offers and experiences at CARSOME's booth in Hall DG. These attractions include exclusive trade-in rebates, on-the-spot bookings with instant rewards, and limited-time promotions. There will also be loads of interactive activities and giveaways – so make sure you're there. CARSOME is also offering free inspections at their Inspection Centres for appointments booked at the Autoshow event. Visitors who make a booking at the event, whether on-site or through a CARSOME representative, will automatically be entered into an exclusive lucky draw as well. Lucky draw winners will be selected by national team players during the CARSOME Autofair on May 24, with prizes including signed jerseys and tickets to the Asian Cup Qualifiers – so keep your fingers crossed, everyone!
Motor 1
08-05-2025
- Automotive
- Motor 1
UK Auto Tariffs Slashed in First Trade Deal With US
Not long after the Trump administration levied high tariffs on auto imports, the United States and the United Kingdom have announced their intent to come to a trade agreement that will reduce car tariffs from 27.5% to 10%. If finalized, this will be the first agreement of its kind with another nation, and it will see UK car imports tariffed less than cars from any other country. The New York Times describes this as appearing to be "more of a framework than a full trade deal," so there are many details for both the US and UK to work out. In a press release, the UK government said that the 10% tariff has a quota of 100,000 cars annually. Last year, Jaguar Land Rover sold a little under 95,000 cars total in the US. Other UK automakers exporting to the US include Aston Martin, Bentley, McLaren, Mini, and Morgan. With the exception of Land Rover and Mini, no UK automaker sends a significant number of cars to the US. Many UK automakers suspended US exports when tariffs came into effect, though JLR, for example, already re-started imports. Aston Martin also said that it would raise prices and limit exports to the US. The US is also removing all tariffs on British steel and aluminum, which is good news for more than just Judas Priest fans. "The car industry is vital to the UK's economic prosperity, sustaining 250,000 jobs," said JLR CEO Adrian Mardell in a statement. "We warmly welcome this deal which secures greater certainty for our sector and the communities it supports. We would like to thank the UK and US Governments for agreeing this deal at pace and look forward to continued engagement over the coming months." More on Tariffs The Cheapest Ford Maverick Now Costs $30,000 Thanks to Tariffs GM Expects to Lose '$4 to 5 Billion' Over Tariffs Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
