@StephieStephie
Once sorted out, these cars can be pretty reliable. It’s just the troubleshooting that can be a nightmare. I say keep it.
@StephieStephie
All cars are electric now.
If you think it’s fixed and you like the car, take that $12k and run. You can always get close to that in trade-in later if you change your mind.
YukiJane said:
If you think it’s fixed and you like the car, take that $12k and run. You can always get close to that in trade-in later if you change your mind.
I agree. You’ve gone six months without issues. Think about your next car too and how much you’ll lose investing in that, plus the $7k loss. Consider the numbers on a replacement vehicle as well.
@Steve
I hope it’s a RWD model. These shouldn’t be towed on wheel lifts. They should be on a flatbed.
@Steve
Everyone who bought a new EV is upside down on them. Cars aren’t investments unless you’re looking at exotics.
Frankie said:
@Steve
Everyone who bought a new EV is upside down on them. Cars aren’t investments unless you’re looking at exotics.
Exactly! They’re just going to end up with another depreciating vehicle and a loan. The OP should consider all the numbers when thinking about how much they really lose if Hyundai buys it back. It will be more than just the $7k.
@Steve
With the $7k they won’t get back, but with $12k and the car still with them, they could sell for $25k and come out even. Plus, no more car payments or interest. They can invest that money and come out ahead.
Take the $12k and if you still have issues, sell it to CarMax.
If it’s fixed now, I wouldn’t worry too much. Given depreciation, you’ll be in the hole no matter what. Just pay it off, take the $12k, and enjoy the car. I love the Ioniq lineup; I hope you won’t have many more issues.
Steve1 said:
Take the $12k and if you still have issues, sell it to CarMax.
The thing is, CarMax will offer me $16,000 (I still owe $9,000 on the vehicle).
Steve1 said:
Take the $12k and if you still have issues, sell it to CarMax.
The thing is, CarMax will offer me $16,000 (I still owe $9,000 on the vehicle).
I’d sell to Hyundai for the $30k.
@Luna
Exactly. The repair history will still be on record, so it’s better to cut losses now.
Steve1 said:
Take the $12k and if you still have issues, sell it to CarMax.
The thing is, CarMax will offer me $16,000 (I still owe $9,000 on the vehicle).
That EV depreciation is real!
@Steve1
Part of that price is due to all my repairs being reported to Carfax. It shows things like the electrical system was swapped, wiring redone, battery replaced, etc. So there’s a lengthy repair history.
@Steve1
Well, CarMax is going to flip it for $35k near me.
Steve1 said:
Take the $12k and if you still have issues, sell it to CarMax.
The thing is, CarMax will offer me $16,000 (I still owe $9,000 on the vehicle).
In this case, I’d sell it.
Steve1 said:
Take the $12k and if you still have issues, sell it to CarMax.
The thing is, CarMax will offer me $16,000 (I still owe $9,000 on the vehicle).
Wow, that’s already so low! I’d ditch it and sell to Hyundai.
Steve1 said:
Take the $12k and if you still have issues, sell it to CarMax.
The thing is, CarMax will offer me $16,000 (I still owe $9,000 on the vehicle).
CarMax only offered you $16k for a 2023 Ioniq? That doesn’t sound right.
I just wanted to point out they are towing it wrong. All wheels should be off the ground. My first lemon law case ended in a cash settlement. The second case for a different issue resulted in a refund of the original purchase price minus miles driven. We kept the cash and the $7.5k federal tax credit. It worked out well for us. Keep the cash and keep driving it. You have a ten-year warranty.