RE: Better-than-half-price Kia EV6 GT | Spotted
RE: Better-than-half-price Kia EV6 GT | Spotted
Thursday 13th November

Better-than-half-price Kia EV6 GT | Spotted

If speed really does matter, sub-£30k for 585hp feels pretty persuasive... 


As indirect replacements go, Kia transferring flagship status from the Stinger GTS to the EV6 GT was certainly one of the more audacious. Out went the turbocharged V6 fastback, a car with more than a hint of old school BMW to its demeanour (thanks very much, Mr Biermann), in came an electric family SUV with four wheel-drive and four very green brake calipers. It wasn’t so much a changing of the guard as firing the guards and replacing them with facial recognition. 

That being said, there were a few common attributes shared between Stinger and 6. They both looked like nothing else on the road, which is quite the achievement in the modern age - especially when creating an electric SUV in a world full of them. Both boasted tech laden, comfortable interiors as well, and drove with sufficient panache to elevate them above the norm. They weren’t related by much, sure, but there were some commonalities between roguish twin-turbo throwback and battery powered lodestar.

Performance is what really separated the Kia GTs though, as well as where that performance was sourced from. The Stinger was pleasingly brisk, 370hp rasping it along nicely; the EV6, though, could boast more than another 200hp, at 585hp. Even with (inevitably) more weight to carry, it was leagues faster. Autocar timed an EV6 GT to 100mph in eight seconds flat (!); not so long ago, that was acceleration reserved only for exotics.

And yet there’s never been a huge amount of focus on the GT. The standard cars were a better overall offering for the average buyer, and it wasn’t long after the Kia’s arrival that an Ioniq 5 N (built from similar architecture) was announced. Where the EV6 was good, the 5N was better, rounding off the rough edges of the driving experience and offering up never-before-seen levels of engagement in an electric car. Even the latest GT, with its Virtual Gear Shift technology, isn’t quite as likeable as its Hyundai stablemate. 

But they’re £60k still; an Ioniq 5N remains a £50k prospect. This GT is for sale at £28,999, the first one we’ve seen at less than £30k. Now, of course, it is possible to buy the best part of 600hp with petrol power for less than £30k, though surely not with just 35,000 miles and years of warranty remaining.There are probably Teslas that can offer comparable performance, albeit with the specifically Tesla reasons for not wanting one. At the moment, the EV6 GT looks like a unique offering; the similarly priced and pitched alternatives just can’t offer this sort of performance. We’re familiar with EVs being limited on top speed these days - Kia decided that wouldn’t be the case for the GT, so it goes all the way to 162mph…

Add that to a genuinely massive interior and 200kW-plus charging, and it’s easy to see how an EV6 GT could work as a fast family bus. Clearly it’s not going to replicate the thrills of a V8, or get down to France in the holidays quite as easily as a diesel, but this much power for (relatively speaking) so little is quite hard to argue with. A used EV6 GT is clearly going to depreciate some more from here, though this one can’t lose almost £35,000 again. Which a new one - and an Ioniq 5N - most certainly still could.


SPECIFICATION | KIA EV6 GT

Engine: Lithium-ion battery, 77.4kWh capacity, twin AC synchronous electric motors
Transmission: Single-speed, all-wheel drive
Power (hp): 585
Torque (lb ft): 546
0-62mph: 3.5 secs
Top speed: 162mph
Range: 263 miles (WLTP)
MPG: 3.02mi/kWh claimed, 235kW max charge
Year registered: 2023
Recorded mileage: 34,931
Price new: £62,675
Yours for: £28,999

See the original advert here

Author
Discussion

JRaj

Original Poster:

100 posts

92 months

Thursday
quotequote all
Depreciation right there. Remember the drag strip video if it 'beating' supercars.....all straight line but apparently not great to drive. Will become another traffic light hero in a scrap heap in a few years time.

Fusion777

2,532 posts

67 months

Thursday
quotequote all
Sounds like the free market in action.

biggbn

28,742 posts

239 months

Thursday
quotequote all
Love these. What a thing to schmooze about in. Hope they depreciate at the rate of a grand piano falling from a skyscraper so mere mortals like me can one day afford one...

fantheman80

2,218 posts

68 months

Thursday
quotequote all
JRaj said:
. Will become another traffic light hero in a scrap heap in a few years time.
Realllly? I will bet you a flux capacitor this will be no where near a scrap heap in a few years time

CanAm

12,152 posts

291 months

Thursday
quotequote all
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!

andrewpandrew

1,336 posts

8 months

Thursday
quotequote all
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
Lots of simple minds thinking that real people are losing real money on cars like this. The first “owner” likely leased it. The finance company will have acquired them in large numbers and will have paid nowhere near the list price per car. Ultimately, the used market is the beneficiary.

SDK

2,204 posts

272 months

Thursday
quotequote all
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
The first owner highly likely didn't pay the new RRP for it either smile
On my Salary Sacrifice scheme these were £520 per month, so that's £12.5k over two years which also includes insurance, tyres and maintenance.

So quite the opposite of 'ouch' - that's close to unbeatable cost on a new car with this level of performance!

Edited by SDK on Thursday 13th November 07:58

CanAm

12,152 posts

291 months

Thursday
quotequote all
andrewpandrew said:
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
Lots of simple minds thinking that real people are losing real money on cars like this. The first owner likely leased it. The finance company will have acquired them in large numbers and will have paid nowhere near the list price per car. Ultimately, the used market is the beneficiary.
Well thank you for your complimentary comment - you'll fit in well here.

CMTMB

153 posts

14 months

Thursday
quotequote all
JRaj said:
Will become another traffic light hero in a scrap heap in a few years time.
'another' - Care to list all the previous examples of that?

macron

12,348 posts

185 months

Thursday
quotequote all
I spoke to a guy who had modified his, which he paid 25k for privately. Much wider wheels and some sort of suspension mods "because all of the poweeeeeer". Apparently known things to do, although I suspect the community of dungeons and dragons players talking about them on a discord is probably quite small.

Scoobysaurus

322 posts

116 months

Thursday
quotequote all
CanAm said:
andrewpandrew said:
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
Lots of simple minds thinking that real people are losing real money on cars like this. The first owner likely leased it. The finance company will have acquired them in large numbers and will have paid nowhere near the list price per car. Ultimately, the used market is the beneficiary.
Well thank you for your complimentary comment - you'll fit in well here.
I was thinking just the same when I read that

Anyway the economics don’t look great for someone somewhere at the moment

GreatScott2016

2,040 posts

107 months

Thursday
quotequote all
SDK said:
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
The first owner highly likely didn't pay the new RRP for it either smile
On my Salary Sacrifice scheme these were £520 per month, so that's £12.5k over two years which also includes insurance, tyres and maintenance.

So quite the opposite of 'ouch' - that's close to unbeatable cost on a new car with this level of performance!

Edited by SDK on Thursday 13th November 07:58
Still looks like a dogs dinner, and whatever way you cut it, that is still depreciation with a capital D smile

andrewpandrew

1,336 posts

8 months

Thursday
quotequote all
Scoobysaurus said:
CanAm said:
andrewpandrew said:
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
Lots of simple minds thinking that real people are losing real money on cars like this. The first owner likely leased it. The finance company will have acquired them in large numbers and will have paid nowhere near the list price per car. Ultimately, the used market is the beneficiary.
Well thank you for your complimentary comment - you'll fit in well here.
I was thinking just the same when I read that

Anyway the economics don t look great for someone somewhere at the moment
Apologies for my lack of tact, no offence meant. There just seems to be a lot of black and white thinking where depreciation is concerned. It’s the numbers you can’t see that will make the difference, and I’d wager they’re nowhere near as bad as you think.



Gecko1978

12,057 posts

176 months

Thursday
quotequote all
macron said:
I spoke to a guy who had modified his, which he paid 25k for privately. Much wider wheels and some sort of suspension mods "because all of the poweeeeeer". Apparently known things to do, although I suspect the community of dungeons and dragons players talking about them on a discord is probably quite small.
This ranks as one of my favourite PH comments of all time

Kevin-2g5x2

77 posts

58 months

Thursday
quotequote all
Another seller who cant be bothered to photograph a car, relying on British Car Auction ones who probably sold it for @ 25k so a good hit in depreciation against new rrp.

SDK

2,204 posts

272 months

Thursday
quotequote all
GreatScott2016 said:
SDK said:
CanAm said:
The first owner obviously didn't get £29k for it, so we're talking about well over £35k depreciation in two years. Ouch!
The first owner highly likely didn't pay the new RRP for it either smile
On my Salary Sacrifice scheme these were £520 per month, so that's £12.5k over two years which also includes insurance, tyres and maintenance.

So quite the opposite of 'ouch' - that's close to unbeatable cost on a new car with this level of performance!

Edited by SDK on Thursday 13th November 07:58
Still looks like a dogs dinner, and whatever way you cut it, that is still depreciation with a capital D smile
Sure, the reality is all new cars depreciate..... obviously! (except for the impossible to buy halo cars)

My point - the myths that are posted across social media of EV 'owners' losing 60%+ in 2 years is pure fake news. Most likely it's the complete opposite, it has probably cost them around 20% of the new RRP in two years.

Doppel99

72 posts

Thursday
quotequote all
fantheman80 said:
JRaj said:
. Will become another traffic light hero in a scrap heap in a few years time.
Realllly? I will bet you a flux capacitor this will be no where near a scrap heap in a few years time
definitely not.

I bought one of these new and have just crossed 32,000 miles

Battery health is on 97.5% and it still shocks me how good it is to drive.

The depreciation doesn't't bother me as I'm not intending to see and it saves me more than £4,000 a year on petrol compared too my previous cars, but for someone buying second hand these are incredible value.

Remember the warranty is for 7 years on the whole car.

What else could you buy that can seat 5 plus luggage with this level of performance for under £30K?

don logan

3,830 posts

241 months

Thursday
quotequote all
Imagine what the dealer paid for it

Owlwood

258 posts

175 months

Thursday
quotequote all
It could be because I've seen a few around or maybe the dark colour hides the shape better but it doesn't look as jarring as when it first launched. I don't mind how it looks now. While not a compliment, I never thought I would say that!

Doppel99

72 posts

Thursday
quotequote all
Owlwood said:
It could be because I've seen a few around or maybe the dark colour hides the shape better but it doesn't look as jarring as when it first launched. I don't mind how it looks now. While not a compliment, I never thought I would say that!
Part from the direct rear view which I agree is a bit odd, they look quite muscular and taught I think