Kia EV9 or Sorento PHEV

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This discussion was created from comments split from: Kia EV9.

ManUnited123

Hey everyone

So i went into the dealership to buy a new Kia Sorento Plug-in Hybrid and i test drove the car but then i also test drove EV9 and instantly fell in love with the car! I'm in the market for a 3 row SUV so Kia Sorento seemed like a good choice but EV9 was just one level above the Kia Sorento. However at around 90k euros i'm not sure if it makes much financial sense to get the EV9? Would anyone have an idea on what an EV9 would be worth after 4-5 years?

My plan was to get a new car and sell it after 3-5 years and buy a newer version of the car. With EV9 i think it will lose alot of value in the first 3-5 years so i might end up losing 40-50K euros over 5 years (which is around 1K a month in depreciation!!!). So just thinking if anyone has an idea on what the EV9 would be worth in a few years time?

I might have to stick to a Plug-in Sorento which is around 65K new and 5 year old are around 30-35K at the moment so approx 500 a month in depreciation but keen to hear other people's POV on this

unkel

I'd say your figures are ballpark right, although nobody has a crystal ball here

Up to you really. Do you want to lose 50k in depreciation (€90k down to €40k) in the car that you fell in love with over the next 5 years or lose 35k in depreciation (€65k down to €30k) in a "meh" car? That's €3k per year extra depreciation

If you take into account the huge savings in fuel, maintenance, tax, etc. between the two, I'd say the total cost of ownership is very similar between the two cars even if you do average to a bit below average annual miles. Possibly even a bit cheaper to own the EV9…

ManUnited123

https://www.boards.ie/discussion/comment/122415279#Comment_122415279

Good point, i didnt factor in the fuel costs however i was thinking of the Sorento Plug-in Hybrid which has 50km range and i do 20km each day so i may have to charge it every second day or so but mostly thinking of keeping it charged up and not using much fuel with the Sorento so not sure if it would still make a significant difference in fuel costs for the 2 cars?

omri

I was talking to my neighbour who has the big electric bmw suv and he bought it with the PCP since the prices of used evs are so volatile he said it meant most sense for him to go this way.

easygoing39

Any new EV purchased today will be worthless in 5 years time,so just buy the vehicle that you want and don't be worrying about re-sale value's.

unkel

https://www.boards.ie/discussion/comment/122415318#Comment_122415318

Worthless in 5 years. Of course. And in the middle of that period you would have to replace the battery, possibly twice, which costs €20k every time. And don't park the EV near the house as it will likely go on fire. Also excellent advice to just ignore depreciation. It is only by far the biggest factor in total cost of ownership. But hey, let them eat cake!

kanuseeme

Your fuel savings will only be what you spend on fuel at the moment, road tax saving is only 20 euro, service costs you need to ask what they are for both cars,

A quick search says about 7/100km for petrol only, my own phev use is much them same as your self 20 to 30 km a day, fill up/top up every 2 months or so about 250 euro a year.

Done deal shows new for 65k and 4 year old cheapest is 45k, you might be able to reduce your depreciation exposure by buying nearly new.

https://www.boards.ie/discussion/comment/122415299#Comment_122415299

Oafley Jones

We’ve just replaced the Sorento with an EV9. Were they still offering the K4, we might have gone with that, but it’s only the K3 now in the PHEV. In two years, you can expect the next generation Sorento will be there. I do expect the EV9 to have hefty depreciation though.

Comparing the two cars. Loved the Sorento, grand size, it was well equipped, okay power wise and fairly economical for our journeys. Downside, is that every so often it would hesitate for a fraction of second when you’re trying to drive off. As if it was confused which system to use. This wasn’t just a fault with our car. Drove me mad, had the same hesitancy with a dgt Sharan before. Have to say, facelift doesn’t really work for me either.

The EV9 is large. Too large for some places, and can be a pain in the arse in some multi story car parks. Space obviously inside is fantastic. Spec is superb as well. I found the entry level model unacceptably slow though. The GT line doesn’t suffer here, it’ll do sub 5 0-100 (you knock off another .7 if you download some pack that’s apparently included, but I can’t be arsed) which is more than you need for a car that size. I’ve only done one longer drive so far. Cork to Dublin (265km) left with 478, arrived with 180. Did a fair bit of overtaking trucks.

staples7

https://www.boards.ie/discussion/comment/122415445#Comment_122415445

https://www.donedeal.ie/cars-for-sale/kia-ev9-earth-rwd-price-includes-1-000-scrappag/37361827

Your welcome, ive saved you 20k :) If they got to the 50k mark as a 1-2yr old car id be interested.

unkel

https://www.boards.ie/discussion/comment/122416495#Comment_122416495

That's €20k of the depreciation, you won't be suffering. Makes a big difference imho. Nice find!

ManUnited123

Thats the earth version. Doesn’t have the sunroof and alot of the nicer features that the GT line does. Probably better to get the Sorento instead of this one.

and earth is around 77k new so the 70k there is about 7k depreciation

freddieot

I have a 221 K4 Sorento and was considering changing it for next year. The K3 (Anniversary) version that Kia is selling is not the best spec for the price so I'll wait for that to go go back to K3 & K4 (hopefully) and consider again when the 2025 spec is published. I'm on my third Sorento now so I am a bit biased and I believe they offer one of the the best bang for buck ratio when it comes to large SUVs.

The EV9 is great looking and great spec but the cost and potential excess depreciation is also my concern. A big issue IMO is the release of the EV5 which is predicted to hit UK \ IE some time next year. It's already on sale in AU and NZ. It looks like it will fit between the EV3 \ Sportage and the Sorento in size which would be prefect for me anyway and I suspect will dampen sales greatly for the EV9. What will it do to the used EV9 market, I'd say it will add to the depreciation.

I'm going to wait anyway and hopefully get a GT or K4 version of the EV5 when it arrives next year. Quite likely that will still be less of a cost than the Earth EV9, which IMO, especially without AWD and a few of the other extras, is at way too high a price for what you get.

joe1303l

https://www.boards.ie/discussion/comment/122421488#Comment_122421488

Is the EV5 likely to be a 7 seater similar in size to a Sorento ?

freddieot

Think it's a 5 seater but not far off the size of the sorento

Oafley Jones

https://www.boards.ie/discussion/comment/122421488#Comment_122421488

I was told that there wasn’t any intention of reintroducing the K4 spec here. This when the facelift first showed up in showroooms, a few months after we’d purchased the EV9. It’s very hard to go down in spec, had the two previous K4s ourselves.

freddieot

This is my second k4 spec. I think the current 2024 offering spec is not worth the money tbh. Hopefully next year if they don't bring back k4, it might be called something else but similar if not better spec than k4.

Otherwise, I'll be looking again at the kodiaq, Nissan or others, as the market seems to be getting busier and quite competitive at the model size and spec to cost level I.e. 60 to 65k.