Here's How Much A Kia Carnival Depreciates After 5 Years

If you are in the market for a comfortable MPV that can carry your family on long journeys, then there are several popular options available today. These range from the Maruti Suzuki Ertiga to the Toyota

Innova Hycross. However, these options are mainstream vehicles and while they offer practicality, they are low on luxury and the exclusivity factor.

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For those looking for a bit more oomph, Kia offers the Carnival MPV, which comes complete with a pair of electrically adjustable ottoman-style seats in the second row to offer a business-class experience but there is a catch. Despite its understated positioning, the Kia Carnival is a luxury MPV and has seen a generational upgrade recently. The new model currently has an on-road price of Rs 70.32 lakh on road in Delhi. Now that is certainly a pretty penny for a people mover.

However, the Kia Carnival was first launched in India in February 2020, which means there are several pre-owned examples that are up for grabs at a much more affordable price tag. Hence, let us make a fair assessment of how much depreciation a 5-year and 50,000 km used Carnival has faced in order to understand the fair resale value of this luxury offering.

Based on verified resale value calculators and pre-owned car reselling portals, the residual value of a first-generation Kia Carnival LIMOUSINE 7 Seater variant is Rs 22 lakh to Rs 25 lakh, after a 5-year/50,000 km ownership. It is important to note that at the time of its launch, the Carnival LIMOUSINE cost Rs 41.25 lakh on road, almost Rs 29 lakh cheaper.

The above-mentioned estimate would put the Carnival's post-5-year residual value at 55 percent and above. Based on these figures, the Carnival MPV has been a great investment for first owners as its residual value is a lot higher than the average of 30-40 percent for other mainstream cars. However, the new Carnival's high price tag when compared to the older model can be the reason behind the old Carnival's high value retention.

Overall, at Rs 22 lakh to Rs 25 lakh, a pre-owned Carnival offers a big step up in comfort and luxury when compared to other family MPVs in the under Rs 30 lakh segment.

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