Low Resale values on Ioniq locally?

[Ben_spanna]

Just curious ,But why does it appear to be a terribly low resale value for the Hyundai Inoniq locally? seeing alot of PDP, PDR that have come up for sale and are asking in the $125,000 Range.

Thats quite low i think for such a car .. is there a serious problem with them that people who dont own them not know about?

[VexXx Dogg]

Nah, Hyundai generally has low resale value in Trinindad.
Remember these cars sold for what 170k new at some point?
The earlier ones prob already hit the three years and if you hit it the standard depreciation of 10% pa, it works out pretty close to the price you posted.

[nick639v2]

Huh serious... At that price it's hella attractive for a daily car in the future

[sweeks]

Any known issues?

[Dizzy28]

PDR and PDP are 2017 mid yearish as well.

Nah, Hyundai generally has low resale value in Trinindad.
Remember these cars sold for what 170k new at some point?
The earlier ones prob already hit the three years and if you hit it the standard depreciation of 10% pa, it works out pretty close to the price you posted.

[Ben_spanna]

Yup mid 2017
those cars are only 2 years old, still have YEARS and YEARS of warranty on the Hybrid battery.... and for a car thats capable of 960 Kms for $180 of SUPER gasloline its a terrific opportunity …………...

[VexXx Dogg]

I think there's an owner's thread or whatsapp group you can go to find out more - for example if there are known issues so far.

Does warranty cover beyond the first owner? I doubt it, but I guess someone can read the fine print and confirm

[MaxPower]

Yeh bro, low resale jus like Nissan

[Duane 3NE 2NR]

Any known issues?

Check out the Ioniq thread
viewtopic.php?f=4&t=697429&p=9913521#p9913521

Owners seem to be pretty happy with theirs

[eliteauto]

Market forces at play, have to sell at a price that would attract potential buyers enough to not opt for a new one instead. It's why you see vast disparities between similar cars in similar condition. Some owners accept the reality and price to sell, others live in fantasy world and 3nd up with their cars on hand for over a year

[Spitfir3]

Market forces at play, have to sell at a price that would attract potential buyers enough to not opt for a new one instead. It's why you see vast disparities between similar cars in similar condition. Some owners accept the reality and price to sell, others live in fantasy world and 3nd up with their cars on hand for over a year

*cough* toyota

[pugboy]

market forces say a foreign used small car is less than $100k
so they have to drop price a bit to be competitive
mind you does the warranty tranfser to second owner ?

[agent007]

The Ioniq is an excellent car and it is unfortunate that it suffers a bit with resale value but one has to consider that right now, you can import your own 2018 YOM brand new Toyota Corolla Axio WXB Hybrid for $150k (cleared and licensed in your garage). Also, you are getting 2015 and 2016 Aqua/Axio/Fielders for less than a used Ioniq so it's a tough market out there.

[VexXx Dogg]

yup it's a buyers market right now
Reminds me of the 80's when it was the norm to keep cars for 10+ years rather than sell every 3-5

[RedVEVO]

As I said time and time again ..

Hybrid disposable like a bic razor

[mazdatt]

Demand and supply. The real question is why some many owners want to sell after 2 years. I own one and have had no issues so far. I know of no other hybrid as fuel efficient with a 10year warranty on the battery. I am seeing Ioniq's less than 2yrs old with less than 20km in the range 125-130k that is a really good deal.

[j.o.e]

It’s a buyer’s market in general. Once you have the cash you can snag a great deal. Banks are enticing ppl who like to borrow to upgrade early and often but there are barely any buyers to soak up the used cars.

[st7]

I think there's an owner's thread or whatsapp group you can go to find out more - for example if there are known issues so far.

Does warranty cover beyond the first owner? I doubt it, but I guess someone can read the fine print and confirm

I was told it does by someone working at Massy. but i dont have that in writing.

[SidZ]

I think there's an owner's thread or whatsapp group you can go to find out more - for example if there are known issues so far.

Does warranty cover beyond the first owner? I doubt it, but I guess someone can read the fine print and confirm

I was told it does by someone working at Massy. but i dont have that in writing.

Once it is within the warranty time frame, it is transferrable. This applies to all local dealers. You just need to inform the dealer, in massy's case there is a section on the service booklet to fill out for change of owner so they can update their records.

[jhonnieblue]

Only reason it's selling so low is because the used car market is flooded. Kia and hyundai don't demand high resale values.
With a potential rise in the price of gas again after election this would be a great deal for a daily driver

[VexXx Dogg]

Only reason it's selling so low is because the used car market is flooded. Kia and hyundai don't demand high resale values.
With a potential rise in the price of gas again after election this would be a great deal for a daily driver

Also suspect that any hybrid tax breaks going byebye to promote CNG.

[nervewrecker]

Only reason it's selling so low is because the used car market is flooded. Kia and hyundai don't demand high resale values.
With a potential rise in the price of gas again after election this would be a great deal for a daily driver

Also suspect that any hybrid tax breaks going byebye to promote CNG.

Like you know what I know?

Anyhew, same discussion I was having with a cousin today. Stuff that is of good quality, we dont understand it, so we put it down and it hold no resale value. Buyers market for whom want to own it.
She has a subaru, people always cry down and say parts expensive, hard to get, hard to work on etc. I never had an issue finding a part, a toyota ac compressor can buy a drivetrain for my Subaru and a navara is pita to work on compared to a Subaru. I purchased a navara and contemplating throwing gasoline all over it and setting it on fire.

[foots]

Only reason it's selling so low is because the used car market is flooded. Kia and hyundai don't demand high resale values.
With a potential rise in the price of gas again after election this would be a great deal for a daily driver

Also suspect that any hybrid tax breaks going byebye to promote CNG.

Sigh. That will be shitty yes. Hybrids seem sooo much better for our typical driving conditions - slow moving stop and go traffic, lots of idling in queues. They manage to yield almost double the mileage of a conventional car (or CNG powered for that matter) on the same tank of gas in those conditions. Definetly can't see myself purchasing any car in the future that is CNG/non hybrid gasoline. I wouldn't be surprised if the hybrids were better for our air quality too, seeing as they shut off instead of idling/polluting endlessly when at a standstill.

Maybe the CNG might be better placed on PTSC buses (instead of poorly maintained, smoky diesels).

[wing]

It's amazing to see the push for CNG just to pander to the demands of the one percenters who importing kits and Honda City, while literally everywhere else going electric in some way.

[vaiostation]

^^^We ain't going electric till the 1% tell government we going electric...

[Ben_spanna]

Only reason it's selling so low is because the used car market is flooded. Kia and hyundai don't demand high resale values.
With a potential rise in the price of gas again after election this would be a great deal for a daily driver

Also suspect that any hybrid tax breaks going byebye to promote CNG.

Had the unfortunate timing of watching news the other night where short man made his excuses about losing revenue on hybrids bleh bleh bleh..... every other county in the WORLD is promoting GREEN and we have a short fugly shrek complaining about revenue loss ..... people really need to wake up and see that we are heading backwards........
Hybrids and Full electric is the way of the future , but i guess taxing more so that their personal pockets can be fulled is much more important.

[jhonnieblue]

Honestly that is a poor excuse he gave with regards to revenue loss. Cng kits are the worst things you can do to a vehicle and I won't advise anyone do waste time intalling it. The amount of leaks I had to deal with and then the suspension goes to crap due to the weight.

The offset of gas usage vs subsidy if a large percentage switches to hybrid /electric would more than account for tax revenue losses to the govt. That motive really is a 1% initiative and based on the backward thinking of this govt I can't see Trinidad transitioning to any sustainable development anytime in the near or far future

[redmanjp]

I would think that as we signed the Paris Agreement Govt would continue to support all green measures including Hybrids

[maj. tom]

lol wtf is wrong with that psychopath? We are a developing nation with one of the worst public transportation systems in the Western World. In this country a private citizen absolutely needs to buy a car to function properly for work and family. Citizens here need every energy incentive measure to reduce pollution instead of buying the cheapest, nastiest vehicles that other countries put out for scrap. He wants to tax hybrid cars now for government revenue? Is this developing the nation, or is it to just fill more pockets of the fat cats at the top?

Once again we see what that some people really have no interest in this country's future eh? Just rape and pillage the treasury, and squeeze the working middle class to desperation before you die, then blame Kamla.

[randolphinshan]

lol wtf is wrong with that psychopath? We are a developing nation with one of the worst public transportation systems in the Western World. In this country a private citizen absolutely needs to buy a car to function properly for work and family. Citizens here need every energy incentive measure to reduce pollution instead of buying the cheapest, nastiest vehicles that other countries put out for scrap. He wants to tax hybrid cars now for government revenue? Is this developing the nation, or is it to just fill more pockets of the fat cats at the top?

Once again we see what that some people really have no interest in this country's future eh? Just rape and pillage the treasury, and squeeze the working middle class to desperation before you die, then blame Kamla.

Nah cyar blame Kamla she used to travel by helicopter paid for by the taxpayers.
Also the 2020 model of the Ionic will be out soon, and as model changes the previous model price drops,