Kia Sorento Plug-In Hybrid SX Prestige

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AFTER INCENTIVES

$46,490

MSRP

$49,990

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ESTIMATED INCENTIVES

$3,500

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Loan Payment

$872 / month

Down Payment

$5,327

10% of MSRP plus tax

ESTIMATED INCENTIVES

$3,500

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Lease Payment

$667 / month

FIRST LEASE PAYMENT

$5,994

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Incentives For Lease

$3,500

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Type

SUV

Minimum Seats

Fuel Type

PHEV

Electric Range

32 miles

Total Range

460 miles

Time to Charge - Level 2

~ 4 hr 20 min

Battery Size

13 kWh

CO2 Emissions Reduction

30,202 lbs/yr

Equivalent Trees Planted

629

Gasoline Saved

1,765 gal/yr

For more details including charts & calculations, please view this page on a desktop.

Compare the Kia Sorento Plug-In Hybrid SX Prestige to a similar gas vehicle, the Kia Sportage EX AWD

Purchase Method

Miles Driven Per Year

20,000 miles

Portion Electric for PHEV

60%

Years of Ownership/Lease

5 Years

Gasoline Price ($/gal)

$4.83

Sales Tax

6.57 %

Assumptions

Electricity Rate$0.2446/kWh

Electricity rate is based off of Energy Information Administration

Results have been updated as of 3/2/2023, 8:03:43 PM.

Cost to Fill Up Monthly

The Kia Sorento Plug-In Hybrid SX Prestige is $605 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Kia Sorento Plug-In Hybrid SX Prestige	$105	$95	$200
Kia Sportage EX AWD	$0	$805	$805

Cost of Ownership

The Kia Sorento Plug-In Hybrid SX Prestige is $29,013 cheaper to own over 5 Years

Description	Kia Sorento Plug-In Hybrid SX Prestige	Kia Sportage EX AWD
Vehicle	$37,676	$29,653
Maintenance	$4,495	$5,968
Insurance	$10,520	$9,777
Electricity	$6,311	$0
Gasoline	$5,682	$48,300
Total	$64,684	$93,697

We selected the Kia Sportage EX AWD based on its proximity to the Kia Sorento Plug-In Hybrid SX Prestige based on brand, size, and price.

For more details including charts & calculations, please view this page on a desktop.

Up to $3,500 in tax credits and rebates are potentially available
for the Kia Sorento Plug-In Hybrid SX Prestige

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit

Customers who purchase qualified residential fueling equipment after January 1, 2023, may receive a tax credit of up to $1,000.

Tax Credit

Up to $7,500

Federal Tax Credit

You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in electric vehicle. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.

Vehicle Financing

California Clean Vehicle Assistance Program Beneficial State Foundation

Beneficial State Bank has committed to providing loans at an 8% interest rate or lower to participants of the Clean Vehicle Assistance Program.

Vehicle Rebates

$1,000

California Clean Vehicle Rebate Project

The California Clean Vehicle Rebate Project (CVRP) offers rebates for the purchase or lease of qualified vehicles. Low income applicants are eligible for higher incentives.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption

Electric vehicles may use HOV lanes regardless of the number of occupants in the vehicle depending on eligibility.

Vehicle Financing

California PACE Loss Reserve Program

The PACE Loss Reserve Program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with partners and lenders to support PACE financing for energy or water efficiency and clean energy home improvements. Property owners in a PACE-designated area can use PACE financing for the above home improvements without a down payment and repayment included in their property tax bills. See if a PACE participant serves your county!

Discounted Electric Rate

Turlock Irrigation District DT Domestic PHEV Experimental Rate

TID is offering an experimental schedule to customers for whom Schedule DT applies. Applicants must have a currently registered PHEV or BEV and a recharging outlet on their home premises.

Vehicle Rebates

Up to $400

Turlock Irrigation District EV Charger Rebate

TID is offering customers a $300 rebate who purchase and install a qualifying Level 2 Charger. TID customers enrolled in the CARES program will receive an additional $100 per charger.

Vehicle Rebates

$500

Turlock Irrigation District EV Rebate

TID is offering customers a $500 rebate who purchase a qualifying new or used zero-emission battery electric vehicle. TID customers enrolled in the CARES program will receive an additional $700 per vehicle.

Vehicle Rebates

$2,000

San Joaquin Valley AQMD Drive Clean in the San Joaquin

San Joaquin Valley Air Pollution Control District (SJVAPCD) administers the Drive Clean! Rebate Program which provides rebates to Valley residents and businesses for the purchase or lease of new, clean-air vehicles. To be considered for a rebate, applicants must purchase or lease a vehicle from the eligible vehicle list.