Hyundai seems determined makes hydrogen active. Its direct wordElectronic 2077 N Vision 74 . Concept let it Xcient . fuel cell truck Hyundai poured tons of money and effort into fuel cell technology. The Nexo . fuel cell crossover attack California market 2018. But those who bought Nexo can regret it after witnessing a sharp devaluation these have.
If you find yourself interested in a brand new Nexo Prepare to pay for a luxury car. Including the $1,295 destination fee, a new Hyundai Nexo Blue will set you back $60,730 or more $64,180 for the top Limited Edition. There are discounts and rebates, of course, but it’s easily the most expensive car Hyundai sells in the US. Here’s the thing: yyou can find gentle used Nexos to earn money to buy cheap commuting cars.
Do this example 2019. With 26,682 miles on it, the dealer listed it for $14,950 (it just went on sale recently). I looked at the vehicle history on Carfax.com and found original window sticker price $59,395. If you’re doing the math, that’s a drop of nearly $45,000 in just three years. Or like my boss As Bob Sorokanich pointed out, $1.69 of value is lost every hour. That is shocking.
If you opt for the more expensive Limited version, that doesn’t help. this example is a ’19 Nexo Limited. It has slightly higher miles at 43,242, but it’s still just $15,589. initial it was pasted for $62.845. That’s over $47,000 in lost value.
Even if you go newer, it doesn’t get better. This Nexo Limited 2020 is only $19,099; its original label price was $63,280. That’s over $43,000 in lost value. 2021 model with lower miles on sale for the low to mid $30,000 range.
this is not specific to Hyundai, of course. All is new cars depreciate as soon as they drive away. German luxury car is notorious to have this. But several circumstances contribute to Nexo depreciated terribly. The first is that all Korean models have suffered a huge devaluation. It has been going on for many years. And while fuel cell vehicles are eligible for discounts in California of up to $4,500, that program doesn’t. was a mess for car buyers.
Then there’s crappy hydrogen refueling the infrastructure. Nexo is like everything else fuel cell car, Only ever sold in California. Outside of the Golden State, the infrastructure to fuel hydrogen does not exist. And while there are some california The gas station has applied for a permit for sale hydrogen fuel coverage is a spot. If I buy Nexo or Toyota Mirai For example, mine The nearest fuel station is almost 17 miles away. And it’s a reservation-only station.
But Iif you live in California and have a hydrogen tank nearby refueling station, a Nexo can turn into a great used car-bargain car buying.