We found a 2023 Hyundai Ioniq 6 SEL sitting on a California car lot for $13,995, which is under a third of the $45,600 MSRP that Hyundai wants for a new one. We Can’t Find a Catch on the Listing So, what’s wrong with it? Honestly, not much. It shows a clean title, and the […]
Brutal depreciation… but also a really great market for used EV buyers.
Yea. The article didn’t mention that the car has over 97,000 miles on it. The battery + electric drive train warranty ends at 100,000 miles, and the ICCU units in those cars are a ticking time bomb. I don’t think that I would pay the $14,000 asking price.
Not to say that the article is wrong about EV depreciation, but the example given isn’t great.
ICCU issue would be covered by recall if this unit was impacted. Recalls are listed on the Carfax, along with a repaired-already/not-repaired flag.
It has a single unrepaired recall… for a loose charging cap cover :)
I’m not a great automotive journalist, but I do try!
If you wouldn’t pay 1/3rd of MSRP for a car with about 1/2 the lifetime mileage left in it, you’re sort of proving why it’s newsworthy. A used ICE vehicle in the same condition would be snapped up with that pricing. Depreciation like that matters to folks when the product costs ~$40-50K new.
Just curious why you are so against a hatchback. After living with my Rav4 for ten years, I love the cargo capability. I also want a smaller, AWD EV that’s reasonably priced, but I would actually prefer another hatchback. I’d budge on that preference if it were significantly cheaper to, but it wouldn’t be, so I’m happy to take the extra cubic feet.
I’m just mortified of every step of buying a vehicle.
I have to get rid of the old one, I have to be without car for an indeterminate amount of time (I have a vehicle I can borrow, which is a luxury most people don’t have!) I have to decide on a new car and commit to paying off a fucktillion dollar loan, which, ugh. Because saving up for a car to make a purchase in cash would take over a year… If I saved every cent I made to put towards the purchase and had no bills, hobbies or interests besides C A R.
For me, it’s the social piece that gets me - I have to go get talked at by a series of increasingly greasier dudes until eventually I reach the apex greaseball and he tries to con me out of as much money as he can steal
Yea. The article didn’t mention that the car has over 97,000 miles on it. The battery + electric drive train warranty ends at 100,000 miles, and the ICCU units in those cars are a ticking time bomb. I don’t think that I would pay the $14,000 asking price.
Not to say that the article is wrong about EV depreciation, but the example given isn’t great.
Replaced under warranty, otherwise under $2000. Try fixing an ICE transmission.
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ICCU issue would be covered by recall if this unit was impacted. Recalls are listed on the Carfax, along with a repaired-already/not-repaired flag.
It has a single unrepaired recall… for a loose charging cap cover :)
I’m not a great automotive journalist, but I do try!
If you wouldn’t pay 1/3rd of MSRP for a car with about 1/2 the lifetime mileage left in it, you’re sort of proving why it’s newsworthy. A used ICE vehicle in the same condition would be snapped up with that pricing. Depreciation like that matters to folks when the product costs ~$40-50K new.
I want an all-wheel drive electric vehicle that isn’t a hatchback and I don’t know where the fuck else I’m going to get it besides an ioniq 6 lol.
I might have to budge on the hatchback thing God I fucking hate those things. I miss when we had what I traditionally think of as a car.
Just curious why you are so against a hatchback. After living with my Rav4 for ten years, I love the cargo capability. I also want a smaller, AWD EV that’s reasonably priced, but I would actually prefer another hatchback. I’d budge on that preference if it were significantly cheaper to, but it wouldn’t be, so I’m happy to take the extra cubic feet.
Respectfully, it is purely aesthetic, I think they look stupid.
Fair. I find the function sufficient to outshine the form, but that’s my opinion and yours is just as valid. Cheers!
I test drove one… They’re really really nice!
Personally, the used market has collapsed, but that’s also sort of a good thing if you’re shopping used.
I’m just mortified of every step of buying a vehicle.
I have to get rid of the old one, I have to be without car for an indeterminate amount of time (I have a vehicle I can borrow, which is a luxury most people don’t have!) I have to decide on a new car and commit to paying off a fucktillion dollar loan, which, ugh. Because saving up for a car to make a purchase in cash would take over a year… If I saved every cent I made to put towards the purchase and had no bills, hobbies or interests besides C A R.
For me, it’s the social piece that gets me - I have to go get talked at by a series of increasingly greasier dudes until eventually I reach the apex greaseball and he tries to con me out of as much money as he can steal
It’s a terrible system TBH XD