Should I Trade it in?

  • Thread starter Thread starter JedK
  • Start date Start date
  • Replies Replies 38
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Should I trade in my Kona EV

  • Yes

    Votes: 0 0.0%

  • No

    Votes: 4 100.0%
  • Total voters
    4
apu said:
Yes it has the NAV connected battery pre conditioning
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Excellent, your location will be a good test for that feature. Be sure to let us know how well that works. A reply to my above post, at that time, would work for me as I don't Neander into other sub-forums as frequently as this one as well... but if you do post in the GV60 one, maybe reply with a link:)
 
The 2019 Kona has a lifetime warranty on the battery (at least mine does). I am planning on using every month of that warranty. Other than tires, I expect no other maintenance costs for this vehicle - I never use the brakes - and the car has been great. It is a little small, but I get 6 mi/Kwh in the summer and 4 in the winter, so I don't expect to see a better deal soon.
 
I talked to the general manager today at the local Hyundai dealer about their offer to buy back my Kona 2019 Ultimate for $47K CAD. I paid $49K CAD in May 2019 including $2.5K CAD for the extended warranty. Turns out they have 285 customers waiting for the Ionic 5 EV. He says that he can sell a Kona EV in no time. In short, the car is valuable, no other comparable EV is available. EV batteries are in short supply. Since I just got a new battery 6 months ago, I am hanging on to my vehicle, especially since I also purchased the extended warranty good for another five years. He said such a warranty today you cannot even get for that price.
 
Glenn Gordon said:
The 2019 Kona has a lifetime warranty on the battery (at least mine does). I am planning on using every month of that warranty. Other than tires, I expect no other maintenance costs for this vehicle - I never use the brakes - and the car has been great. It is a little small, but I get 6 mi/Kwh in the summer and 4 in the winter, so I don't expect to see a better deal soon.
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The only additional important maintenance that would be beneficial has been discussed here and relative posts following (video got removed but this one gives you the general idea)
)
 
JedK said:
First let me thank everyone for responding.

So this is the update:
I went into the Hyundai dealer with the $6K over book value offer letter. The Used Car Manager came outside and looked at my 2019 Hyundai Kona (12K miles) and in Excellent condition. I was thinking: "this is going to be easy".

And then...
$25K offer. WTF!
So he says: "Oh that letter is just from a marketing company we use, and we can't honor that"
"We can't sell that car for more than $28K".

I said to the guy: "Well that's a great way to gain my trust in your dealership". So then he said, "Maybe if I talk to my manager I can get it to $25.5", which is total BS. He knows what he can buy it for. Like he's doing me a big favor.

That's nothing special, and I'm not in any rush to sell the car at $25K or $25.5K.

If I do want to buy another car. Like maybe that 2023 Chevy Bolt EUV, and I don't do a private sale, I could probably get $25.5 right at Chevy. I don't need to first sell it to Hyundai.

So for now I'm just keeping the Kona. It works great, and it has a brand new battery thanks to a recall.

Thanks again,
If anything changes, I'll post here again,
Jed K
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Wise thinking. :)
 
JedK said:
Not sure what to do with my 2019 Kona Electric.
My local dealer says they will give me $34K for the car.
The vehicle is in new condition with only 13K miles on it.
Assuming that offer is not total BS, now I'm thinking I should take the offer.
The salesperson who texted me says she will take the car with no obligation to buy something else from them (probably because they don't have any electric cars in their inventory).

My wife says we should give them the car, and then wait maybe months until something else becomes available (2023?). We both work from home now and we do have another car. We don't drive a lot anymore.

I don't even know what I would replace it with, and I'm giving up a car that runs well. It has a brand new battery (thanks to a recall), and it's been housed in my garage.
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One thing I haven't seen mentioned--you will never get that lifetime battery warranty that came with the 2019 ever again!
 
Glenn Gordon said:
Thanks! This was news to me.
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The original video posted by a Canadian Hyundai mechanic that kicked off that whole thing was saved here by a quick-thinking German owner. I can only deduce that Hyundai didn't like him posting his brutally-honest opinions on YouTube because they all suddenly disappeared. Two years later we know that what he saw was just the tip of the iceberg.

All owners should change the oil at least once. Diligent owners should also add a magnetic plug of some sort and do further periodic oil changes until it returns clear.
 
Well it's February 2034. I know trade in amounts are not the same as 2022. I have a 2020 Ultimate and a buyout of about 19K. Not sure if I should buy it out. Dealer didn't want it, said it was only worth 15.5 K. Seems low to me.
 
Michael L McDade said:
Well it's February 2034. I know trade in amounts are not the same as 2022. I have a 2020 Ultimate and a buyout of about 19K. Not sure if I should buy it out. Dealer didn't want it, said it was only worth 15.5 K. Seems low to me.
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Ya, that's a super low quote. I know the market right now is not as hot as last year but it's not dead! Your dealer is trying to play you. I got $25k on my 2019 trade in December. You have to assess your own financial situation but if you like the car keep it. Despite what your dealer said, you won't find a decent used car for $19k even in the current market.
 
Michael L McDade said:
Well it's February 2034. I know trade in amounts are not the same as 2022. I have a 2020 Ultimate and a buyout of about 19K. Not sure if I should buy it out. Dealer didn't want it, said it was only worth 15.5 K. Seems low to me.
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2034? Dang it, where did the last decade go?!? Solid state must be here by now though...?
 
GPM432 said:
I
got
29,500
for
my
2019
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Pretty reasonable, $35.1K for my 21 MY back in January (before they smucked up my 2024 Ioniq 5 pre-delivery). Apparently, they will honor that same # when 2025 MY arrives later this year. Hopefully the federal rebate still is alive by then.
 
You
electriceddy said:
Pretty reasonable, $35.1K for my 21 MY back in January (before they smucked up my 2024 Ioniq 5 pre-delivery). Apparently, they will honor that same # when 2025 MY arrives later this year. Hopefully the federal rebate still is alive by then.
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You guys are either in a different market from me or are luckier than me. I got $26k for my trade in December and my old car remains unsold and has had a price cut already down to $28,500.
 
2019 limited under $21K ~25Kmi. The 2019's are holding value because of the battery recalll, but this will fade over time. The electronics are much better in the newer models. The head units have larger screens and faster cpu's..
 
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