Hyundai appears to be decided to make hydrogen work. From its straight-out-of-Cyberpunk 2077 N Vision 74 idea to its Xcient gasoline cell truck Hyundai has poured tons of cash and energy into gasoline cell tech. The Nexo gasoline cell crossover hit the California market in 2018. But those that purchased the Nexo new might remorse it after seeing the steep depreciation this stuff have.
If you end up fascinated about a model new Nexo , be ready to drop luxurious automobile cash. Including a $1,295 vacation spot cost, a brand new Hyundai Nexo Blue will set you again $60,730 or as much as $64,180 for the highest Limited trim. There are rebates and reductions after all, but it surely’s simply the costliest automobile Hyundai sells within the U.S. Here’s the factor: you will discover evenly used Nexos for affordable commuter automobile cash.
Take this 2019 instance. With 26,682 miles on it, this supplier had it listed for $14,950 (it just lately bought). I pulled up the automobile historical past on Carfax.com and located the unique window sticker value of $59,395. If you’re doing the maths that’s an almost $45,000 drop in simply three years. Or as my boss Bob Sorokanich identified, $1.69 of worth misplaced each single hour. That’s stunning.
If you go for the pricier Limited trim it doesn’t assist issues. This instance is a ‘19 Nexo Limited. It has slightly higher miles at 43,242, but it’s nonetheless simply $15,589. Originally it stickered for $62,845. That’s over $47,000 in worth misplaced.
Even should you go newer it doesn’t get higher. This 2020 Nexo Limited is simply $19,099; its unique sticker value was $63,280. That’s over $44,000 in worth misplaced. 2021 fashions with decrease miles are promoting for the low to mid $30,000 vary.
This isn’t particular to Hyundai, after all. All new vehicles lose worth the second they drive off the lot. German luxurious vehicles are infamous for having this. But a few circumstances contribute to the Nexo’s crappy depreciation. The first is that each one Korean fashions endure excessive depreciation. It’s been happening for years. And whereas fuel-cell autos are eligible for a California rebate of as much as $4,500, that program has been a multitude for automobile consumers.
Then there’s hydrogen crappy refueling infrastructure. The Nexo like each different gasoline cell automobile, has solely ever been bought in California. Outside of the Golden State, hydrogen’s fueling infrastructure is nonexistent. And whereas there are a selection of California fuel stations which have utilized for permits to promote hydrogen gasoline the protection is spotty. If I bought a Nexo or Toyota Mirai as an example, my nearest fueling station is sort of 17 miles away. And it’s a reservation solely station.
But should you reside in California and have a hydrogen fueling station close by, a Nexo would possibly find yourself being an excellent used-car cut price purchase.
Source: jalopnik.com