The best way to characterize Hyundai’s resale value is as average; it’s not the best, but it’s also not very noteworthy either. At years 5 and 7, the Hyundai Tucson does perform better than average, and years 5 and 7 of the Elantra also show a little improvement. However, the Sonata is not a standout in the Hyundai portfolio because it performs significantly worse than average five years after purchase.
Our top choice for the Hyundai model year with the best value is the 2020. With the 2020, you would only pay, on average, 87% of the cost when new, and the car would still have 83% of its usable life.
For the Hyundai models, the 2019 and 2017 model years are also appealing and offer a fair price. Our rankings take into account a number of variables, such as the original new price, the current price, maintenance expenditures, and the remaining years of anticipated overall spending. Our top-ranked model year is the Hyundai model that offers the best value for the money.
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Best and Worst Resale Value Vehicles
You are investing a lot of money into a depreciating asset when you buy a car. This indicates that the car’s value will decrease from what it was today to tomorrow. As consumers, we are wise and naturally want to spend as little money as possible, especially if it is a little portion of a large purchase like a car.
The greatest strategy to increase your resale value is to steer clear of vehicles that are less than five years old because depreciation is more rapid in this age group. To save money, buy as old as you are comfortable with. I think the older the better. Just make sure the vehicle is safe to drive and has no mechanical issues.
Investing in a brand that retains its worth effectively is the second best approach to guarantee resale value. Resale values for vehicles from brands like Jeep, Subaru, Porsche, Toyota, Lexus, and Honda are typically higher than those of their rivals. These cars retain their value better than most, but that doesn’t mean they don’t lose value just as quickly.
For automobile owners who frequently buy and sell their vehicles, brands like Volvo, Chrysler, Land Rover, and Acura, on the other hand, tend to have a really low resale value, making them money pits. Some of these cars will lose up to 61% of their value in the first five years.
Hyundai Ioniq 5: Resale Value is 42.8%
The Hyundai Ioniq 5 is unmatched as a stylistic exercise; its Giugiaro-inspired exterior is unlike anything else on the road right now. It also promises usable electric range and higher build quality than what we’ve witnessed in the Tesla Model Y, although the Hyundai lags in terms of performance and range. Despite being brand-new for 2022, IntelliChoice estimates that the Ioniq 5 will only hold onto 42.8 percent of its value at that point.
Does Kia have a high rate of resale?
Kia: Retained Value of 47.7% However, despite their appeal in other areas, Kia’s automobiles behind with an average value retention rate of 47.7% during a five-year period. Despite its substantial standard warranty and genuinely enticing options, this is the case.
Hyundai maintenance costs are they high?
Hyundais don’t require a lot of maintenance. Owners spend an average of $468 a year on repairs and maintenance, according to RepairPal, which places the brand in fourth overall. This is less expensive than the $652 annual average for the sector.
According to RepairPal, the typical owner spends roughly $468 year on maintaining a Hyundai. Costs vary according to different models as well. For instance, the Sonata costs $458 annually while the Elantra costs roughly $452.
Honda is the least expensive automobile brand to maintain, according to RepairPal. The average cost of maintenance and repairs for drivers is $428 annually, and some Honda models are even more affordable.
Yes, Hyundai components are less expensive than the majority of other imported brand parts available. It also means that you may take your Hyundai to any trained mechanic for service, which is one of the reasons Hyundai repair costs are generally reasonable.
Has the Honda City a high resale value?
The Honda City is worth a lot at auction. Despite being a superb automobile, the Skoda Rapid has a low resale value because it requires expensive maintenance and is difficult to fix outside of Skoda Service locations. Skoda’s spare parts are also somewhat pricey.
The most popular choice in the used sedan market is the Honda City. Honda motors are reliable. Hyundai and Toyota are both excellent but fall short against the city.
Which automobile may be sold for the most money?
In 2017, Maruti Suzuki introduced the third-generation Dzire to the Indian market, where it quickly rose to the top of the sales charts for a period of time. This demonstrates how well-liked the Dzire is among consumers. Maruti Suzuki’s sub-4-meter small sedan is a very well-liked choice among owners of taxi fleets due to its high level of dependability and minimal maintenance costs. Additionally, the brand’s nationwide service network makes it one of the most sensible options in the market.
The Dzire is in strong demand on the used car market from both private customers and taxi fleet operators, which keeps its resale value high in the industry. In addition, Maruti offers the Dzire Tour model, a low-priced, bare-bones version of the vehicle available primarily to owners of taxi fleets.
Which car has the highest potential for resale?
- Swift by Maruti Suzuki.
- Innova by Toyota.
- EcoSport by Ford.
- Suzuki Wagon R by Maruti.
- Grand i10 Hyundai
- Nissan City.
- Scorpio from Mahindra.
- Toyota Corolla
Has Toyota maintained its value?
Toyota tops the list of automakers with vehicles that lose 42.3% of their value on average after five years of ownership. This is less than the 49.6% global average.
The reliability of the brand helps Toyota automobiles maintain their value across all vehicle sectors, according to Ly.
Two of the ten vehicles on the list—Dodge and Mitsubishi—have depreciation rates of 51.4% and 51.8%, respectively, which are higher than the industry average. These are nevertheless greater than the most depreciating automakers, such as Maserati with an average depreciation rate of 66.4% and Buick with an average depreciation rate of 60.1%.
According to Julia Blackley, the study’s author, Dodge and Mitsubishi were included on the list since they continue to score among the top 10 lowest-depreciating brands overall when compared to other automakers.
How does Hyundai compare to Honda?
All of Hyundai’s vehicles received at least a 3.5 out of 5 rating in the U.S. News reliability ratings, making them more trustworthy than Honda automobiles. In contrast, only 3 Honda automobiles achieved a grade of 3.0 out of 5.
In an effort to attract more customers, Hyundai provides a longer warranty than Honda. A 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty are both provided by the Hyundai brand.
A 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty are both provided by Honda.
Honda doesn’t necessarily need to work as hard to acquire customers’ trust, according to the argument that it has established for itself. However, Hyundai continually outperforms expectations with its products and after-sales services.
Why do Honda automobiles sell well used?
Honda outperforms the competition in terms of resale value for a number of factors in addition to having cheap maintenance and repair expenses. Due to their blend of performance, efficiency, affordability, and lengthy warranty, new Honda vehicles provide the best value.
Which Hyundai vehicle is the best?
- 1. Hyundai Grand i10 Nios. Price Range: $5.42 to $8.46 Lakh | 25 Kmpl.
- Hyundai Aura, 6.09 to 9.51 Lakh | 25 kmpl.
- 3. Hyundai I20. $7.07 to $11.62 lakh | 25 kmpl.
- Hyundai Verna, 9.43 to 15.52 lakhs, 25 kilometers per gallon.
- Hyundai Venue: 7.53 to 12.72 Lakh | 23 km/l.
- Hyundai Creta, number 6.
- Hyundai Santro, number 7.
- Hyundai I20 N Line (#8)
Does the Honda Accord maintain its value?
Consider a 2017 Lexus ES if you’re searching for a midsize sedan that excels at practically everything and will serve you well until you’re ready for something new. Because it puts comfort over sportiness, the ES is a luxury model that frequently goes unnoticed in a market dominated by vehicles with powerful acceleration and quick handling. But the ES is a fantastic option if a quiet and smooth ride is more important. Additionally, given its class, the ES has outstanding future value ratings. The 2017 IS is one of our top selections for a smart car purchase since KBB predicts that it will be worth 48.5% of its original value after 36 months and 34.5% of its original value after 60 months.
Are Mazdas still worth anything?
Mazda’s resale prices have increased in comparison to its competitors, and at each of the three periods, it has risen to the Top 5 range in terms of rankings. The MX-5 and CX-3 are Mazda’s top models, but the company doesn’t really have any vehicles that strike out as standout performers.
Our top choice for the Mazda model year with the best value is the 2020. The 2020 would cost, on average, 89% less than a brand-new model while still having 83% of its usable life left.
For the Mazda vehicles, the 2019 and 2018 model years are also appealing and offer a fair price. Our rankings take into account a number of variables, such as the original new price, the current price, maintenance expenditures, and the remaining years of anticipated overall spending. Our top-ranked model year is the Mazda model that offers the best value for the money.
Hyundais’ durability compared to Hondas
In the whole automobile business, Hyundai provides the longest warranty. Honda cannot possibly defeat Hyundai in this category.
- new car warranty All Hyundai vehicles are covered by a 5-year, 60,000-mile warranty, compared to a 3-year, 36,000-mile warranty for Honda vehicles.
- Drivetrain. Hyundai offers a 10-year/10,000-mile limited warranty. Honda gives a 5-year/60,000-mile warranty.
- a hybrid battery. Honda owners only receive a limited warranty for eight years or 100,000 miles, compared to Hyundai’s lifetime hybrid battery warranty.
- Towing service. Hyundai and Honda both provide roadside assistance. Hyundai, however, once more surpasses Honda by providing 5-year roadside assistance for unlimited miles. For three years or 36,000 miles, Honda offers emergency roadside assistance.
- corrosion promise Both of these manufactures provide limitless miles if you compare their corrosion guarantees. Hyundai offers a seven-year warranty, compared to five years for Honda automobiles.
Toyota versus Hyundai: which is the superior brand?
Cost-to-Own Toyota Hyundai cars offer a better bargain if you’re looking for the highest quality at the most affordable price. In fact, Hyundai won the Kelley Blue Book 5-Year Cost to Own Awards in 2016 as the best overall brand.
How durable are Hyundai engines?
The most important features that most buyers consider when buying a car are dependability and durability. Given the large investment that buying a car entails, it stands to reason that owners would want to ensure that their purchase will last for several years. The typical engine life of a Hyundai ranges from 250,000 to 400,000 kilometers. Your car’s engine might last 15 to 20 years in top condition, depending on how much you drive each day. However, there are a few things that you will need to do on your end to keep the engine of your automobile in good operating order if you want to be sure that it can survive that long.
How much of its value does a new car lose once it leaves the lot?
Okay, even though numerous things affect how and why cars deteriorate, one thing holds true almost always regardless of the kind of car you purchase:
New cars lose value far more quickly than secondhand cars. how much quicker We’ll simply say that we hope you’re buckled up.
- ONE MINUTE LATER: As soon as you drive off the lot, a new car loses between 9 and 11% of its value. So, when you take a $30,000 brand-new automobile home for the first time, you’re essentially throwing $3,000 out the window!
- AFTER A YEAR: According to research, the first year of ownership is when the value of a new car drops the most. Your car’s value will most likely be 20% less than what you paid for it after a year.
- AFTER FIVE YEARS: After that sharp initial decline, the value of a new car will decline by 15–25% yearly until it reaches five years. Therefore, a new car will lose about 60% of its value after five years. 2,3