About to trade in my 2020 for a 2022. Thoughts??? Good??? Bad??? Advice???

[EmJay]

Hey All,
I'm about to trade in my 2020 KIA Telluride SX P/T AWD Dark Moss/Dune Brown for a 2022 KIA Telluride SX P/T NF AWD Ebony Black/Dune Brown. 2020 has 16k miles. Only issues thus far has been the rear driver side shock knocking, engine stop cancel button not always engaging, constant but varied dead battery drains, and recently the front parking sensor alert/issue.

No money down, no extra payment. Only thing I can see is that my finance agreement starts again from 1 and that the car is black which (to me) will require more attention to keep it looking good. Am I lucky to get to pick a new model? Has the value fallen drastically and I am looing more in the long run? Is there something better about the 2020's that the later models don't have? Overall I am exited and luv the ride. I'm happy to experience the journey and story of this car especially as I connect to it on so many levels.

I'd just like to hear others experiences and comments on getting my 2nd Telly. Thanks in advance to all the positive comments...and as well; the trolls...LOL

 

[HairyMilkshakes]

You should have sold it and bought the 2nd one.

 

[voxel]

Without financial details... I can't say.

"No money down, no extra payment. Only thing I can see is that my finance agreement starts again from 1"

Is rather meaningless. They could have underpaid for your 2020 Telluride and charged you $15K markup on the second.
Some folks are trading their old Tellurides for new Tellurides for equal money and basically just continuing on the payments (loan not extended much - mainly to cover old-to-new fees/taxes).

 

[2020Telly]

If you figure out how much you paid on principal on the first Telluride loan, then since you are starting at payment #1, the opportunity cost to upgrade to the newer model year is what you lost in principal assuming you didn’t put any additional money down. Also remember that under normal circumstances without supply chain issues and unusually high used prices, the value of your 2022 will be diminished some as soon as the 2023 model year is out. I also think the known may still be better than the unknown. Meaning all the issues you report are resolvable, taking on a newer one with miles means you might inherent new issues from the previous owner and you don’t get the initial warranty. The knocking should even be able to be addressed via the TSB. My 2020 was one of the first 8,000 produced in 2019 and while some see that as a risk (myself included) I’ve been fortunate and I think it could be due to low production numbers and more attention to detail. Depending on when the 2022 was made you could be getting one that that suffered some quality issues from ramping up and down during the pandemic or adding additional shifts in production that involved training new people that weren’t as common in the 2020 model year manufactured in 2019. If it were me I would keep the Moss color with the old logo and be an OG with the original warranty and have it paid off sooner. Nightfall and black looks cool but it would be a lot to keep clean.

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[PittPa]

I don't get basically buying the same car again, money aside. Like remarrying your wifes twin sister?

 

[Nac]

I recently ordered a 2022, 1 month ago a used 2020 was selling for more than a new 2022....

You should look closely at the financials for this deal. My first thought was you can do better than starting at payment 1 again if you sell your car outright and purchase the new one without market adjustment.

Read this thread regarding selling your 2020; My Carvana Experience - Sold My Telluride

 

[tpgh]

This makes sense if you “flip” it, but just sounds like you extended your payments and the dealer is benefiting, rather than you?

 

[Pappy]

I think trading up makes more sense if you’re moving up a trim level or two. SXP to SXP doesn’t really add any new features. I went from a 2020 S to a 2022 EX and with the 2022’s all having the bigger screen, navigation, auto climate, etc., it’s a ton of new features. But you already have all those on your ride. The only thing I see extra would be the remote start.

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[TellmeyourWHAT?]

OP -- unless I missed it, you weren't clear as to when you would be getting your 2022? If you recently ordered, you are getting in just under the wire as many (most?) dealers are no longer accepting orders for the '22. This means you'll probably get a '23, which IMO is a good thing as the improvements are worth it. If that is the case, your trading up from a 2020 makes sense to me.

"Is there something better about the 2020's that the later models don't have?"
From what I know, the answer is no.

 

[Husker Soze]

 

[Tell22SX]

Traded my 2020 ex for a 2022 SX. Got the SX at MSRP and traded my 2020 with near 50K miles at $7K less than I paid for it new. Now after having the experience I would do it again. But for me the SX was a step up and the delta difference in costs well worth the extras Prestige Nightfall options jazzed it up a bit. The radio with the subwoofer is a plus, heads up display plus the all around monitor and frontal warning all pluses. Just weigh the what you get for what you want. Doesn't matter dollars and cents what matters is getting what you want.

 

[EmJay]

OP -- unless I missed it, you weren't clear as to when you would be getting your 2022? If you are just in the process of ordering it, you are getting in just under the wire as many (most?) dealers are no accepting orders for the '22. This means you'll probably get a '23, which IMO is a good thing as the improvements are worth it. If that is the case, your trading up from a 2020 makes sense to me.

"Is there something better about the 2020's that the later models don't have?"
From what I know, the answer is no.

Getting it next week

______________________________

 

[EmJay]

Without financial details... I can't say.

"No money down, no extra payment. Only thing I can see is that my finance agreement starts again from 1"

Is rather meaningless. They could have underpaid for your 2020 Telluride and charged you $15K markup on the second.
Some folks are trading their old Tellurides for new Tellurides for equal money and basically just continuing on the payments (loan not extended much - mainly to cover old-to-new fees/taxes).

Thanks for the feedback, much appreciated.

 

[EmJay]

I recently ordered a 2022, 1 month ago a used 2020 was selling for more than a new 2022....

You should look closely at the financials for this deal. My first thought was you can do better than starting at payment 1 again if you sell your car outright and purchase the new one without market adjustment.

Read this thread regarding selling your 2020; My Carvana Experience - Sold My Telluride

Thanks for the feedback, much appreciated.

 

[TellmeyourWHAT?]

Getting it next week

Ahhh -- forget everything I said!