“Nearly 100k miles at a price that ignores it — identical Rios with the same miles list for four grand less.”

Analysis

This Rio S is a textbook case of mileage eating the deal. The 2021 Rio is a fine cheap commuter, 33/41 mpg and cheap to insure, but at 98,624 miles this one has nearly 100k on the clock, and the asking price does not reflect that.

Fort Wayne Kia wants $12,470. KBB fair purchase price for a 2021 Rio S is $12,250 nationally, but that assumes typical miles. Live comps tell the real story: a 2021 Rio S with 99,008 miles listed at $8,495 (rated a good price, $2,129 below market), and another with 105,588 miles at $7,495 (great price). Same car, same miles, four to five thousand dollars less.

At $12,470 you are paying clean-retail money for a high-mile example. The Rio’s 10-year/100,000-mile powertrain warranty is nearly exhausted at this odometer reading, which removes the one safety net that makes high-mile Rios palatable. Pass at this price, or bring a $8,500 offer and see if they blink.

Market Comparison

Market check: KBB fair purchase price for a 2021 Rio S is $12,250, but that assumes typical mileage. Live comps at the same miles: 99,008-mi 2021 Rio S at $8,495 (good price, $2,129 below market); 105,588-mi example at $7,495 (great price, $2,919 below market). At $12,470 with 98,624 miles, this car is roughly $4,000 over the going rate.