# Genesis GV60 — Used Car Buying Guide

AutoScout's analysis of the Genesis GV60 on the UK used-car market. Backed by 33 million DVSA MOT tests, current AutoTrader pricing, and depreciation curves derived from CAP/Glass's Guide data.

Live interactive report: https://autoscout.fyi/cars/genesis-gv60

## Verdict

- **Best value year**: 2023
- **Ideal trim**: Sport AWD
- **Target mileage**: 30,000–45,000 miles
- **Max previous owners**: 2
- **Target price**: £23,500

## Why this model

⚠️ Limited UK data — Genesis only arrived in the UK in 2021, so we have fewer MOT tests and less resale history than established brands. The Genesis GV60 is a fantastic choice if you're looking for a stylish, premium electric SUV that stands out from the crowd. It shares its excellent E-GMP platform with the Hyundai IONIQ 5 and Kia EV6, meaning you get super-fast charging capabilities (up to 235kW DC) and a smooth, refined driving experience. It's packed with technology, offers a comfortable and luxurious interior, and has a strong 5-year unlimited mileage warranty from new, which is a big plus for a used car buyer.

## What you should pay

The used EV market has seen significant adjustments, making premium models like the GV60 more accessible. For a 3-year-old (2023) Genesis GV60 Sport AWD with around 30-45k miles, you should be looking to pay in the region of £23,500. This is based on the general market anchor of £22,490 for a typical 3-4 year old mid-trim EV, with a slight premium for the GV60's luxury positioning and the Sport trim. Prices can vary by ±20% due to limited UK data and market fluctuations, so be prepared for a range of £18,800 to £28,200 depending on condition, mileage, and specification.

## Which trim to buy

The Sport AWD trim hits a sweet spot for the GV60. It gives you a significant boost in power (314hp) and the added grip of all-wheel drive compared to the entry-level Premium, without jumping to the much pricier Performance model. You'll get a great balance of performance, range, and features, making it feel truly premium without the top-tier price tag. It's also more readily available on the used market than the Performance trim.

## What to check before you buy

- Check for any minor software glitches or infotainment quirks, though generally reliable.
- Ensure all charging equipment (cables, adapters) are present and in good condition.
- Verify battery health and check for any outstanding recalls or software updates.
- As with any EV, check the condition of tyres, as the instant torque can lead to faster wear.

## Running costs

Running an electric car like the GV60 can be very cost-effective, especially if you charge at home. Real-world efficiency is around 3.1 mi/kWh. If you're on a standard home electricity rate (around 24.5p/kWh), you're looking at about 8p/mile, which works out to roughly £795 per year for 10,000 miles. However, if you switch to a smart EV tariff like Octopus Go or Intelligent Octopus (around 9p/kWh overnight), your costs drop significantly to about 2.9p/mile, or just £292 per year for 10,000 miles – a saving of over £500 annually! Road tax for EVs is free until April 2025, after which it will be £195 per year. Insurance for a premium EV like the GV60 can be higher, typically ranging from £800-£1200 per year depending on your personal circumstances.

## Key stats

- **Fuel Type**: Electric
- **Horsepower**: 314 hp (Sport AWD)
- **Mpg**: 3.1 mi/kWh (real-world efficiency)
- **Reliability Score**: Good (based on Hyundai/Kia platform and warranty)
- **Safety Rating**: 5-star Euro NCAP (2022)

## Trim comparison

| Trim | Price new | Price used | Key features |
| --- | --- | --- | --- |
| Premium | £47,000 | £21,000 | RWD; 228 hp; 77.4 kWh battery |
| Sport | £53,000 | £23,500 | AWD; 314 hp; 77.4 kWh battery |
| Performance | £65,000 | £30,000 | AWD; 429 hp (Boost Mode 483 hp); 77.4 kWh battery |

## Depreciation forecast

| Year | Estimated value | Retention |
| --- | --- | --- |
| 2026 | £23,500 | 0% |
| 2027 | £20,000 | 15% |
| 2028 | £17,000 | 28% |
| 2029 | £14,500 | 38% |
| 2030 | £12,600 | 46% |

Buying a 2023 Genesis GV60 in 2026 means you're picking it up after the steepest part of its depreciation curve. As a relatively new luxury EV, it's already taken a significant hit from its new price, offering excellent value. The liquid-cooled 74kWh battery is robust, with an expected degradation of only ~1.8% per year, meaning a 3-year-old model should still have around 94.6% State of Health (SoH), giving you plenty of usable range for years to come. This makes it a smart buy for long-term ownership.

Total value lost since new: 46%.

## Alternatives to consider

- [Hyundai IONIQ 5](https://autoscout.fyi/cars/hyundai-ioniq-5.md)
- [Kia EV6](https://autoscout.fyi/cars/kia-ev6.md)
- [Tesla Model Y](https://autoscout.fyi/cars/tesla-model-y.md)

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Source: AutoScout (https://autoscout.fyi). Part of a review of the UK used-car market across 500+ models.