Hyundai appears decided to make hydrogen work. From it straight out-Cyberpunk 2077 N Imaginative and prescient 74 idea to her Xcient gasoline cell truck Hyundai has put some huge cash and energy into gasoline cell expertise. The Nexo gasoline cell crossover Reached the California market in 2018. Nonetheless, those that purchased a brand new Nexo could remorse it after they see that this stuff have been considerably discounted.
Should you’re within the all-new Nexo, be ready to half with some luxurious automobile cash. Together with a $1,295 vacation spot cost, the brand new Hyundai Nexo Blue will set you again $60,730, or as much as $64,180 for the highest Restricted trim. In fact, there are rebates and reductions, however that is the most costly car Hyundai sells within the US.
IMK it 2019 instance. With 26,682 miles, this supplier listed it for $14,950 (not too long ago offered). I regarded up the historical past of the automobile on Carfax.com and located it unique window sticker worth $59,395. Should you’re doing the mathematics, that is a drop of almost $45,000 in simply three years. Or, as my boss Bob Sorokanich identified, $1.69 of worth is misplaced each hour. That is stunning.
Should you go for the dearer Restricted trim, it will not assist. This instance is the ’19 Nexo Restricted. It has barely greater miles at 43,242, however nonetheless prices $15,589. At first netted $62,845. That is greater than $47,000 in misplaced worth.
Even when you improve to newer ones, it would not get any higher. This 2020 Nexo Restricted. is just $19,099; its unique sticker worth was $63,280. That is greater than $44,000 in misplaced worth. in 2021 fashions with decrease miles promote for the low to mid $30,000s.
In fact, this isn’t attribute of Hyundai. All new automobiles lose worth as quickly as they drive off the lot. German luxurious automobiles are notorious for having this. Nonetheless, a number of elements contribute to Nexo’s ugly undervaluation. First, all Korean fashions are closely depreciated. This goes on for years. And whereas gasoline cell automobiles could qualify for a California rebate of as much as $4,500, that program it was a multitude for automobile patrons.
Then there may be hydrogen refueling infrastructure. The Nexo, like all different gasoline cell automobiles, was offered solely in California. There isn’t any hydrogen fueling infrastructure outdoors of the Golden State. And whereas there are a handful of California gasoline stations which have utilized for permits to promote hydrogen gasoline, protection is spotty. If I purchased a Nexo or Toyota Mirai For instance, my nearest gasoline station is sort of 17 miles away. And that is simply the reservation station.
However when you reside in California and have a hydrogen gasoline station close by, the Nexo may very well be an ideal used automobile purchase.