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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What factors determine the resale value of my Hyundai?
You and your Hyundai have been through a lot together, from road trips to crowded commutes. While it’s impossible to place a number on nostalgia, you may estimate your Hyundai’s resale worth using a variety of criteria. Let’s breakdown each one:
Depreciation: Your Hyundai contract’s worth decreased even before the ink had time to dry on it. A Hyundai retains a fair amount of value over time, although after three years of ownership, some models can lose up to 65% of their worth.
Mileage: The mileage of your car has an immediate impact on its condition, and if it has 100,000 kilometers or more, you may encounter difficulties throughout the resale process. It’s best to keep your annual mileage between 12,000 and 15,000 miles.
Accident history: Although accidents are unavoidable, they might lower your Hyundai’s market value. Even after a complete restoration, the value of your car can decrease by 15% to 30%.
Popular models: Do you drive an SUV or a hatchback? You all have a simpler time reselling those well-liked Hyundai vehicles for more money. Due to market demand, popular models like the Hyundai Accent, Hyundai Kona, and Hyundai Tucson frequently maintain their value.
How well-maintained is the interior and outside of your Hyundai? The more profit you can squeeze into the price of your car, the newer it seems. Your car’s value will be reduced by dents, dings, interior flaws, and unattended repairs.
Which automobile brands lose the most value?
We’ll venture the bold assumption that you’ll want to sell your car for as much money as you can. You want to recover as much of the cost of the investment as you can because it was expensive. All cars lose value over time, but which ones do so more quickly?
IntelliChoice calculated the average retained values for a brand’s full model portfolio over a five-year period to find out. These estimates allow us to identify which manufacturers’ vehicles have better depreciation resistance. After determining which car manufacturers retain worth the best, let’s discuss those that depreciate more fast.
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 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.
Years after purchase, Honda, Hyundai, and Lexus models retain the highest resale values.
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.
The Hyundai Palisade loses value rapidly.
As soon as they leave the dealership lot, new cars begin to lose value. Due to how rapidly new cars lose value, many people believe used cars to be superior investments. financial orientation According to Dave Ramsey, investing in a new car is a bad idea.
Some cars hold their worth well over time. In certain circumstances, market anomalies like the Toyota Tacoma gain value over time. Unfortunately, the Hyundai Palisade isn’t one of those vehicles.
Is Kia still worth anything?
As the most dependable automaker, Toyota takes the top spot. Toyota cars are renowned for their durability and have a longer average lifespan than any other brand. Toyotas are so well made that their maintenance and repair expenses are below average, which helps explain why they stay on the road for such a long time.
Are Hyundais costly to repair?
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.
Are Hyundai vehicles dependable?
- Honda: Retained Value of 52.5%.
- 52.5 percent of Chevrolet’s value was retained.
- Dodge has a retained value of 53.3%.
- GMC: Retained Value of 54.6%.
- 55.1 percent of Ford’s value was retained.
- Retained Value at 57.0 percent for Subaru.
- Retained Value for RAM is 58.1 percent.
- Jeep: Retained Value of 58.4%
Does Kia outperform Hyundai?
- 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)
How does Hyundai compare to Honda?
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.
Who manufactures Hyundai motors?
- Toyota – 90.74% Key points: The appearance, ride and handling, durability, and infotainment all receive excellent evaluations, showcasing the traditional Porsche strengths.
- Tesla – 90.50%
- Kia – 90.40%
- 89.28% for Peugeot
- Honda – 88.94%
- 88.90% for Jaguar
- Mazda – 88.89%
- Volvo – 88.35%
Why is Hyundai a household name?
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.
What Hyundai model is the best?
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.
Toyota versus Hyundai: which is the superior brand?
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 pristine condition depending on how much you drive each day.
What automobile make preserves its value the best?
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. The Hyundai Tucson does perform better than average after 5 and 7 years, while the Elantra also performs somewhat better at 5 and 7 years.
Which model year of Hyundais suffer engine issues?
Only Hyundai has established a reputation for producing trustworthy and effective engines, aside from Maruti Suzuki. Hyundai has created incredibly dependable engines that power nearly every model in their lineup, whether they are 1.5- or 1.2-liter diesel engines.
What is the cost of an engine replacement from Hyundai?
- Alto 800 by Maruti.
- Figo Ford.
- Honda Celerio.
- Maruti K10 Alto
- Nano GenX from Tata Motors.
- Samsung Eon.
- Swift, Maruti.
- Grand i10 Hyundai
Which automaker has the cheapest maintenance costs?
Compared to Maruti or Toyota, Hyundai has substantially higher service and component costs. This is due to the supply chain not being as reliable as Japanese automobiles. Because minor components are not readily available, you must replace the entire machine if it is damaged. Additionally, because of this problem, spare component costs are higher.
Which automaker has the top lineup?
Hyundai provides a 10-year/100,000-mile powertrain warranty, whereas Toyota offers a 5-year/60,000-mile guarantee. Both Hyundai and Toyota have unlimited mileage corrosion coverage for seven and five years, respectively.
Which automaker has the longest lifespan?
Do Hyundais have high maintenance costs? 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.