Has anyone else noticed their EV6 value going up? Carvana just told me that my 2022 EV6 went up by nearly 6%, probably because of the recent federal rate cut. Is this happening to anyone else?
Honestly, it’s better not to think of your car as an investment. Cars are depreciating assets, and their value will usually go down over time.
Jason said:
Honestly, it’s better not to think of your car as an investment. Cars are depreciating assets, and their value will usually go down over time.
I’m investing in EV6s during the dip, about to make millions. 
Jason said:
Honestly, it’s better not to think of your car as an investment. Cars are depreciating assets, and their value will usually go down over time.
Tell that to my underwater loan from June 2022… it’s definitely a depreciating asset for me!
I honestly don’t care what the resale value is. I plan to drive my EV6 until it falls apart.
jessicah said:
I honestly don’t care what the resale value is. I plan to drive my EV6 until it falls apart.
Warning: Driving your car into the ground might not be the healthiest option!
If you bought your EV6 at a low point in the depreciation curve, the value will naturally fluctuate a bit. But overall, being the third owner of a first-generation Kia EV isn’t going to drive the value up significantly.
It’d be great for those of us who bought in 2022 and might have to sell the car soon. Any extra value would help.
We’re on our second EV6, and I keep an eye on the market. We lost some money selling our GT-Line FE but got a decent deal on a new GT. The market seemed to hit bottom about a month ago, and now it looks like it’s leveling out or maybe even rising a bit. EVs don’t follow the same trends as gas cars, so their prices can be more unpredictable. Hopefully, things will even out soon.