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Hi guys,

What are your expectations from your Niro? How long do you plan to keep it and what do you expect to sell it for after x number of years?

I am hoping to keep my E Niro 2 for 4 years and then trade it in for a higher spec like 4+ or maybe even the EV6. What should I expect to get for it after 4 years if stick to 10k miles per year?

The OTR price of my car is £34,995. After 4 years and at roughly 40000 miles, is it realistic to expect this car to sell or trade for £15,000?

Has anybody else planned ahead and worked these things out?
 

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Kia e-Niro MY20 64 kWh - Gravity Blue
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I am planning on keeping it for 10 years. After that, we'll see said the Zen Master. Who knows after market batteries will be cheap and I'll put in a 128 kWh battery and keep on truckin'
 

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What’s the GFV on a 48 month PCP? It’ll be that - although I think the max term is 36mo as literally nobody knows what’ll happen in 4 years.

Look at the GFV for 36mo and get rid at that point - beyond that it’s a gamble
 

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Cant wait for all your leased 3 year old eniros to come on the second hand market!

Hopefully i can pick up a 3/4 year old first edition for mid teens with a 3/4 years warranty left.

BARGAIN.
 
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The OTR price of my car is £34,995. After 4 years and at roughly 40000 miles, is it realistic to expect this car to sell or trade for £15,000?
I think it is more than reasonable to expect that, for several reasons.

In 4 years time we will be 4 years further down the road towards EVs. There will be many fewer negative anti-EV voices and sentiment as more people switch and find they actually rather like it. Demand for used ICE vehicles will be minimal and severe depreciation will hit all ICE vehicles, especially as more and more cities restrict where and when polluting vehicles may travel.

Demand for used EVs will be strong as more people wake up to wanting one, but supply of used EVs is limited to what has been sold right now. Whilst many EVs might be relegated into "2nd car" role by virtue of limited range, charging speed or both, the e-Niro will still be solidly >200 mile range and able to charge faster than many alternatives. That will mean that the residual values for the e-Niro should remain very strong relative to many other cars.

Currently this is evidenced by looking on autotrader and seeing that the very cheapest e-Niro 64kWh on there are 2 years old with over 20000 miles and asking prices are just shy of £30k from private sellers.

Looking at other 2017 EVs on autotrader, many are still at 40-50% of new list price at 4 years old (and more than that of whatever discounted price they were sold at), and that's for more range-limited vehicles than your e-Niro. Discounting of new cars can affect used car values, but the e-Niro hasn't really been discounted so that seems unlikely to apply.

2 years ago today I placed my order for a Model 3 SR+, which was delivered in august of 2019. It's now worth about £34-35k on autotrader prices, against the £38290 that I paid for it brand new. After I ordered the model 3 I sold my Leaf 24, which I had bought used in November of 2017 for £11k, for £10650. My experience so far has been that EVs depreciate significantly less than ICE cars, and the market forces that are causing that (demand for EVs rising, base prices of new EVs not falling) aren't changing at the moment. Even when some cheaper EV options come to market, like the Dacia Spring or Citroen Ami or the short-lived mii/citigo/e-UP refresh, then so what? People aren't cross-shopping dinky city cars against a genuine family hatchback.

The used car market isn't always rational, of course.... one of my colleagues once bought a pre-reg Seat Exeo ST with delivery mileage for less than a 3-year old Audi A4 would have cost him - which was literally the same car but for the headlamps, grille and badge (but the Seat had the latest engine spec and the upgraded interior from the A4 Cabrio). However, I think that the e-Niro will be a strong car on the used market for its range, warranty, reliability, etc.

As previous posters in this thread have alluded to in one way or another - we don't know. However, I think we can make a reasonably educated guess.
 

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When were the first eniros delivered in the UK? 3 years from then will be when we find out the true market value second hand as the market will be "flooded".
 

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When were the first eniros delivered in the UK? 3 years from then will be when we find out the true market value second hand as the market will be "flooded".
I got one of the first in April 2019 that wasn't a dealer demonstrator.
Demo models were at the dealers from the start of 2019.
673 were delivered in 2019 so I don't think there's much danger of a flood. :)
https://www.howmanyleft.co.uk/vehicle/kia_niro_first_edition_ev
Tesla sold 3.8k model 3 SR+ in 2019 and they were only on sale for the last two quarters! 10k for all variants.
Speaking of demonstrators, I saw a bunch of 68 plates appear for a while on autotrader, so I figure they've sold all the FE ones now.

The reduction of the grant and that the prices effectively went up with the later editions have all helped maintain the value.
I'll be keeping mine for at least 3 years, but more likely after 5 so I can sell with a decent balance of warranty remaining.
What I'll get for it... well @Todor probably knows best 🤣
So far so good though. I reckon I could sell it privately for at least £28k now so that's £5.5k loss over 2 years which is pretty damn good!
More if I was lucky (£31.5k ask!): https://www.autotrader.co.uk/car-details/202006270595516
I won't be though because there are literally no other sensible alternatives without spending a lot more.
 
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I won't be though because there are literally no other sensible alternatives without spending a lot more.
Exactly this.

I think the only thing that could really put used e-niro prices under pressure would be a flood of pre-reg ID4 and skoda enyaq, if they flog them off under £30k pre-reg.
 

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four years maybe is too soon, but in seven the price should be very low, about 20-25% of its current price.

the reason? price parity. I'd expect a brand new e-Niro to cost about 25k€ on its highest trim in seven years, so current highest trims (40k) would be on second hand for 7-10k.
 

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Hi guys,

What are your expectations from your Niro? How long do you plan to keep it and what do you expect to sell it for after x number of years?

I am hoping to keep my E Niro 2 for 4 years and then trade it in for a higher spec like 4+ or maybe even the EV6. What should I expect to get for it after 4 years if stick to 10k miles per year?

The OTR price of my car is £34,995. After 4 years and at roughly 40000 miles, is it realistic to expect this car to sell or trade for £15,000?

Has anybody else planned ahead and worked these things out?
One way is to work on the basis of 20% year on year for depreciation. Always seems to be there, or thereabouts. So your £15000 after 4 years would be about right.

The other calculation I do is this. When I buy a car, I assume I am going to keep it for a long time and what I pay for it is the price for all the great things that it is going to enable me to do. I then assume it will be absolutely worthless when I come to sell. And I make decisions on that basis.

However, it never has been worthless and I treat that as a big bonus for the next car. I have never been disappointed.
 

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The other calculation I do is this. When I buy a car, I assume I am going to keep it for a long time and what I pay for it is the price for all the great things that it is going to enable me to do. I then assume it will be absolutely worthless when I come to sell. And I make decisions on that basis.

However, it never has been worthless and I treat that as a big bonus for the next car. I have never been disappointed.
This is similar to what I do: I assume 100% depreciation as soon as I've purchased a car.
 
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four years maybe is too soon, but in seven the price should be very low, about 20-25% of its current price.

the reason? price parity. I'd expect a brand new e-Niro to cost about 25k€ on its highest trim in seven years, so current highest trims (40k) would be on second hand for 7-10k.
25 thousand euro for the highest spec eniro (or equivalent model if its replaced) in 7 years time? I'll order one right now!

No way in my opinion. They won't come down that much, if at all.

Prices go up over time. Inflation.

I know the increase in sales could mean unit battery costs come down but they ain't chopping 15k of the list price. The lowest spec new niro is around 25k now. That price aint coming down drastically either.
 
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