Should I Trade it in?

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.

 

Wise thinking.

 

One thing I haven't seen mentioned--you will never get that lifetime battery warranty that came with the 2019 ever again!

 

Thanks! This was news to me.

 

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.

 

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.

 

2034? Dang it, where did the last decade go?!? Solid state must be here by now though...?

 

I
got
29,500
for
my
2019

 

When and where? I've been reading non-stop articles talking about the collapse in used EV prices.

 

You

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.

 

2021 Kona Limited EV with under 2000 miles ... Not sure where you are but I would not expect to to even get $24 around here for my 2019.

 

Wow! Remember the used EV market 18 months ago?

 

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..

 

Yup, got $47K (private sale) for my 2019 Kona EV after 3 years of use and 48K kms. Sure helped with my Solterra purchase later, and the Ioniq 6.