Kia Rio Monthly Installment

by Leland Morrison, on 17 January 2024

Kia Rio Kia Rio

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The Kia Rio emerges as a refined subcompact vehicle that challenges expectations with its combination of elegance, functionality, and advanced technology. Catering to a wide range of tastes, the Rio offers visual appeal with features such as bi-function headlamps and a sporty radiator grille. For added convenience, it includes electric folding mirrors and a sleek rear spoiler garnish to enhance aerodynamics.

Inside, the Rio boasts comfort and convenience with features designed for an intuitive driving experience such as a supervision cluster with LCD screen, steering wheel audio controls, and cruise control. Its commitment to safety is clear with advanced high-strength steel construction, parking distance warning, and up to six airbags offering protection. Entertainment is also at your fingertips with an 8" LCD touch-screen audio system compatible with Apple CarPlay and Android Auto.


The Kia Rio has undergone a significant evolution, showing notable improvements in terms of safety, performance, and design. Originally designed as a budget-friendly option, it has transitioned into a vehicle that rivals higher-class cars. The use of over 51% Advanced High-Strength Steel (AHSS) in its latest iterations marks a 54% increase over the previous models, translating into enhanced rigidity and crash protection.

Additionally, the incorporation of 97 meters of structural adhesive has further improved the car’s noise, vibration, and harshness management, resulting in a more comfortable and quiet ride. The Rio also features hot-stamping in key stress areas, reinforcing the overall structure without compromising on weight, thereby elevating safety standards and dynamic performance.


The Kia Rio is available in a range of variants, each with its own set of features and price tag. The base model starts at R330,995, while the top-of-the-line variant is priced at R389,995. The price of a particular variant depends on its engine, transmission, and other features.

Variant Price
1.2 LS MT R330,995
1.4 LS MT R344,995
1.4 LX MT R359,995
1.4 LX 6AT R376,995
1.4 EX 6AT R389,995

Additional Costs to Consider:

Monthly Installment

Monthly payments for the Kia Rio vary between R5,800 and R7,984

The following table provides a few example calculations using the prime interest rate + 2% (13.75%) over a period of 6 years or 72 months.

Variant Price Installment 10% deposit 10% deposit and residual
1.2 LS MT R330,995 R6,776 R6,099 R5,800
1.4 LS MT R344,995 R7,063 R6,356 R6,046
1.4 LX MT R359,995 R7,370 R6,633 R6,308
1.4 LX 6AT R376,995 R7,718 R6,946 R6,606
1.4 EX 6AT R389,995 R7,984 R7,186 R6,834

The installment goes down when a 10% deposit is provided and even further when a 10% residual is added

Factors affecting your monthly installment:

Minimum monthly salary

Banks typically recommend not spending more than 15% of your monthly salary on a car repayment. With that in mind, here is the recommended monthly salary for each variant:

Minimum Salary
Variant No deposit 10% deposit 10% deposit and residual
1.2 LS MT R45,174 R40,657 R38,668
1.4 LS MT R47,085 R42,377 R40,304
1.4 LX MT R49,132 R44,219 R42,056
1.4 LX 6AT R51,453 R46,307 R44,042
1.4 EX 6AT R53,227 R47,904 R45,561


With its overall length of 4,065 mm and engine displacement options of 1,248 cc and 1,368 cc, the Kia Rio falls into segment B, which encompasses small cars such as superminis or subcompact cars. The table below gives a comparison to other alternatives in the B segment.

Name Monthly From Monthly To Popularity
Hyundai Grand i10 R3,927 R6,631 No Data
Toyota Starlet R4,185 R6,940 No Data
VW Polo Vivo R4,334 R7,102 No Data
Kia Pegas R4,940 R6,449 Very Low
Hyundai Grand i10 Sedan R5,012 R6,631 No Data
Kia Rio R5,800 R7,984 Low
Hyundai i20 R5,851 R9,571 No Data
VW Polo R6,152 R11,129 No Data
Audi A1 R9,000 R12,173 Low


Tips to Secure the Best Monthly Installment Deal

Securing the best monthly installment deal is crucial for managing your finances effectively. Whether you're financing a car, home, or any other purchase, a favorable installment plan can save you money and reduce financial strain. Here are some tips to help you land the best deal:

  1. Research & Compare: Investigate various lenders, comparing their rates, terms, and fees using online tools.
  2. Check Credit Score: A better score can lead to lower rates. Regularly review and work on improving it.
  3. Negotiate: Don't settle for the first offer. Be informed about market rates and available promotions.
  4. Choose Shorter Terms: Longer terms might have smaller payments but higher interest. Opt for shorter terms if possible.
  5. Consider a Deposit: A significant deposit can reduce monthly payments and possibly get a better rate.
  6. Understand the Terms: Be clear on all conditions, especially penalties for early or missed payments.
  7. Maintain Your Budget: Determine your monthly limit and stick to it. Avoid tempting deals that exceed it.
  8. Seek Pre-approval: It provides clarity on what you qualify for and aids in negotiations.

By being diligent, informed, and proactive, you can secure a monthly installment deal that aligns with your financial goals and provides peace of mind.


Understanding the Kia Rio's price and monthly installment options is paramount for buyers interested in this vehicle. With its diverse features and specifications, the Rio offers a balance between affordability and high-end amenities, without the premium price tag of a luxury car. Prospective buyers are encouraged to do extensive research, compare different financing options, and speak with financial advisors to ensure they make an informed decision that aligns with their budgeting needs.

Given its strong safety profile, efficient use of cutting-edge materials, and an array of modern features, the Kia Rio demands consideration from anyone seeking a practical and stylish vehicle. It successfully marries function and form while offering economic value, proving to be a smart choice for those navigating the complexities of city driving and beyond.