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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Can Hyundai Maintain Value?
In the first five years of operation, Hyundai loses roughly half of its value. A typical car loses 50% to 60% of its original value throughout that time. Hyundai thus scores averagely when measured against other automakers, but it is still far behind the top resale brands in the world, ranking eleventh.
The average depreciation of Hyundai vehicles over a 12-year period is depicted in the graph below. Hyundai vehicles have a residual value of 49.86% after five years and reduces to 17% after twelve.
The percentage of Hyundai cars’ year-over-year depreciation is shown in the following illustration. Hyundai vehicles often lose the most value in the first, second, and fifth years of ownership.
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% (After Five Years)
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 boasts a longer usable electric range and higher build quality than the Tesla Model Y, despite the Hyundai’s lower performance and shorter 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.
Is the resale value of Kias good?
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.
Hyundais: Do they hold their value?
According to the J.D. Power 2022 U.S. ALG Residual Value Awards, Honda and Lexus are two of the top automakers with the greatest residual value estimates.
According to Eric Lyman, vice president of ALG, “accurately estimating residual values in the car industry is a significant aspect in analyzing an estimated $225 billion lease portfolio of automobiles in the United States.” The brands and car models that come out on top show that they perform well across all of the criteria for the award program, including the manufacturers’ exceptional design and quality.
The Residual Value Awards honor the car models whose manufacturer-suggested retail prices are anticipated to hold up the best after three years of ownership. One of the most important factors in a vehicle’s lease cost is value retention because it affects the quality and design over the long run. Resale values are also established using this value.
Over a multi-year lease period, a number of factors, such as mileage, quality/reliability, options and feature sets, weather, and the macroeconomic environment, can alter the actual value of a vehicle.
Honda, Hyundai, and Lexus were found to have the most vehicles with significant value retention out of the 284 models that were assessed for the 2022 model year. In three years, the Honda Civic is anticipated to have the highest resale value of any compact car. The 2022 Honda Odyssey and 2022 Honda Passport are the minivans and midsize utility two-row vehicles with the highest likelihood of maintaining value, respectively.
The 2022 Audi A6 Allroad, 2022 Land Rover Range Rover Velar, and 2022 Mercedes-Benz Metris are all anticipated to maintain excellent value on the luxury side.
The finest electric vehicles for mass market buyers that base their purchases on residual value are the 2022 Hyundai Kona EV and Tesla Model Y. The J.D. Power report states that the Hyundai Kona and Hyundai Accent will keep their quality in 2022.
The Lexus LS, which had previously held the top spot in the Premium Executive class, was defeated by the Mercedes-Benz AMG GT 4-Door.
The new Ford Bronco tops the list for the highest anticipated residual price for an off-road utility vehicle, but the Jeep Wrangler and Toyota 4Runner, two previous market leaders, are still very well regarded.
Model averages are weighted based on percentage share relative to the whole model line, and manufacturers must enter models in at least four separate segments to account for variations across trim levels in order to be eligible for a brand award. Despite having just one segment-winning model, the 2022 Lexus NX, Lexus is ranked first among premium brands.
According to Lyman, Lexus’ accomplishments “speak to an exceptional, industry-leading continuity of residual value across its whole lineup.” It’s comparable to a decathlete who places first in all 10 of the individual events despite only winning one of them.
Which automaker offers the best resale value?
- 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 the Honda Civic a high rate of resale?
The Civic placed second for highest 5-year resale value for a car in Kelley Blue Book’s Best Resale Value Awards lists with 49.8%. The Corvette (59.5%) was the sole vehicle in front of it.
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.
How long does a Hyundai last?
The lifespan of a Hyundai ranges from 100,000 to 200,000 kilometers on average. A well-maintained Hyundai can, nevertheless, travel far over 200,000 miles. In fact, some Hyundai owners claim their cars have up to 500,000 kilometers on them! All vehicles have a lifespan of between 150,000 and 200,000 miles.
Hyundai vehicles’ 20-year durability
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.
Is Hyundai more opulent than Kia?
What distinguishes Kia and Hyundai from one another? Hyundai delivers a more opulent and flowing style, whereas Kia creates cars with a sportier look. With a little more varied variety of automobiles, Kia can appeal to a wider target population. Their lineup includes the Sedona minivan.
Are Hyundai vehicles durable?
The same year, Hyundai was recognized as the most dependable manufacturer by vehicle diagnostics company CarMD. What Car? conducted a more recent poll in 2019 that evaluated 18,000 automobiles and assigned each one a unique reliability grade, accounting for vehicles up to five years old. Hyundai scored a 95.7% overall rating.
Is Hyundai superior than Kia?
The conclusion is that, despite the similarity of the vehicles offered by Hyundai and Kia, Kia models offer greater value and better quality, as well as bolder style and a more engaging driving experience. Simply put, no matter what you value most in a car, Kia automobiles are better overall. Of course, it is ultimately up to you to decide. We recognize that purchasing a new car is a significant investment. We advise you to test drive both brands since we are certain that you will ultimately decide on a Kia. Any way you look at it, it’s unquestionably the better option. Please forgive me, Hyundai.
What Hyundai model is the best?
- Hyundai Tucson, standard and powered. Used: 8.00L – 8.00L.
- Power. Standard. Hyundai Santa Fe. 12.00 L to 18.00 L used.
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- Hyundai Elantra. Standard. Power. Used: 4.00L to 14.00L rupees.
- Hyundai Xcent. Standard. Power. 4.10 to 7.00 liters were used.
- Powerful. Standard. Hyundai i10.
- Active. Powerful. Standard: Hyundai i20
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Is a Hyundai automobile safe?
Hyundai produces a number of vehicles that have received the Top Safety Pick and Top Safety Pick+ accolades, from compact to crossover and beyond. winners of the IIHS Top Safety Pick and Top Safety Pick Plus awards are: Hyundai Accent, 2019–2020 (Top Safety Pick) Hyundai Elantra (Top Safety Pick+) for 2019–2020
Hyundai: Is it as dependable as Toyota?
Hyundai and Toyota provide some of the most dependable cars on the market right now if you’re seeking for them. Which one, though, triumphs? While they both perform well and significantly outperform other modern brands, Toyota narrowly edges out Hyundai in terms of reliability. In the majority of user polls and extensive evaluations, Toyota has marginally less issues per vehicle than Hyundai. Hyundai, as opposed to Toyota, provides customers with slightly better and longer warranties. In general, some of the world’s most trustworthy automobiles are produced by Hyundai and Toyota. With either brand, you can’t go wrong.
Is Hyundai’s 10-year warranty still in effect?
10-Year/100,000-Mile We are dedicated to giving you the assurance and comfort that come from knowing your Hyundai was constructed with the utmost attention and quality. Because of this, we provide a 10-year/100,000-mile warranty on the batteries and system components in our hybrid, plug-in hybrid, and all-electric vehicles.