Join Date: Jul 2018
Location: Atlanta, GA, USA
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Probably the biggest letdown you'll get is the "people" part of dealer service. Kia dealers don't yet understand what class of service is needed in the K900/Cadenza class. It's likely not a technical issue - they can work on them fine, you just won't get the level of personal attention you would in a BMW dealership. I'm sure it's changing, but it's a new area for them.
On the flipside, you won't have to pay BMW prices for service, and you likely won't be needing service nearly as often. Just find yourself a good non-dealer service center and you'll likely be happier.
Even with Genesis, they're still serviced at Hyundai service centers. They're working up to a classier service experience, but probably still not what you'd get at typical luxury car dealers.
The K900 is a great under-the-radar luxury car. No premium branding, just premium driving experience. Stealth luxury.
I don't think Kia advertises the K900 or Cadenza at all, so those that find them are usually moving up from something mass-market, like an Optima, then find the make up-market cars too.
Depreciation has been a killer on Kia's luxury cars. Nobody knows about them, so demand in the used market is low, depressing prices.
I think awareness growing, due to the popularity of the Stinger and the Genesis line, so depreciation will be less of an issue in a few years.
I bought my '14 Cadenza SX-L for less than half its original price at 4 years old. Its value continued to drop quicker than I had hoped, but it is slowing.
If you buy to own and drive it for several years, just ignore the depreciation and enjoy a fine luxury car. If you usually trade in after a year or two, depreciation might hurt a bit on trade-in.
'14 Cadenza, '16 Sedona