Hyundai IONIQ Depreciation

A Hyundai IONIQ will depreciate 28% after 5 years and have a 5 year resale value of $20,876.

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 $29,103 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 IONIQ.

Hyundai IONIQ Depreciation Calculator

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Hyundai IONIQ Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $477 98.36% $28,626 12,000 2022
2 $2,963 89.82% $26,140 24,000 2023
3 $3,853 86.76% $25,250 36,000 2024
4 $5,602 80.75% $23,501 48,000 2025
5 $8,227 71.73% $20,876 60,000 2026
6 $9,589 67.05% $19,514 72,000 2027
7 $11,522 60.41% $17,581 84,000 2028
8 $13,652 53.09% $15,451 96,000 2029
9 $15,506 46.72% $13,597 108,000 2030
10 $16,717 42.56% $12,386 120,000 2031

Hyundai IONIQ Depreciation

Years Old Depreciation Residual Value Resale Value
1 $477 98.36% $28,626
2 $2,963 89.82% $26,140
3 $3,853 86.76% $25,250
4 $5,602 80.75% $23,501
5 $8,227 71.73% $20,876
6 $9,589 67.05% $19,514
7 $11,522 60.41% $17,581
8 $13,652 53.09% $15,451
9 $15,506 46.72% $13,597
10 $16,717 42.56% $12,386

Buying a Hyundai IONIQ New vs Used

If you purchase a used Hyundai IONIQ that is 2 years old, then you could save $2,963 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 $5,264. 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 IONIQ models become available.

What About Hyundai IONIQ Insurance Costs?

The average cost to insure a Hyundai IONIQ is about $1,923 per year. This adds up to around $9,615 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 IONIQ. 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 IONIQ Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Hyundai IONIQ 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 IONIQ 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: