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Hyundai Kona EV Depreciation

A Hyundai Kona EV will depreciate 33% after 5 years and have a 5 year resale value of $28,679.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $42,920 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Hyundai Kona EV.

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Hyundai Kona EV Depreciation Calculator

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Hyundai Kona EV Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,082 95.15% $40,838 12,000 2022
2 $6,215 85.52% $36,705 24,000 2023
3 $8,335 80.58% $34,585 36,000 2024
4 $9,176 78.62% $33,744 48,000 2025
5 $14,241 66.82% $28,679 60,000 2026
6 $16,790 60.88% $26,130 72,000 2027
7 $18,881 56.01% $24,039 84,000 2028
8 $21,117 50.80% $21,803 96,000 2029
9 $21,233 50.53% $21,687 108,000 2030
10 $23,992 44.10% $18,928 120,000 2031

Hyundai Kona EV Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,082 95.15% $40,838
2 $6,215 85.52% $36,705
3 $8,335 80.58% $34,585
4 $9,176 78.62% $33,744
5 $14,241 66.82% $28,679
6 $16,790 60.88% $26,130
7 $18,881 56.01% $24,039
8 $21,117 50.80% $21,803
9 $21,233 50.53% $21,687
10 $23,992 44.10% $18,928

Buying a Hyundai Kona EV New vs Used

If you purchase a used Hyundai Kona EV that is 2 years old, then you could save $6,215 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $8,026. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Kona EV models become available.

What About Hyundai Kona EV Insurance Costs?

The average cost to insure a Hyundai Kona EV is about $1,447 per year. This adds up to around $7,235 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Hyundai Kona EV. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

Hyundai Kona EV Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Hyundai Kona EV ranks for Depreciation compared to other vehicles. Also check out how the Kona EV stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Hyundai Kona EV Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Hyundai Kona EV costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: