A Hyundai Santa Fe will lose one-third of its value from when it was new in three years. Despite being less expensive than its competitors in the showroom, it depreciates more quickly than most. If you’re looking in this market, give one of the Toyotas or Hondas a shot.
The anticipated depreciation over the following ten years is shown in the figure below. These outcomes apply to cars that travel 12,000 miles annually on average and are in good condition. Additionally, it counts on a new-car selling price of $38,167. Enter the purchase price, anticipated length of ownership, and yearly mileage estimate. Our depreciation estimator will forecast the Hyundai Santa Fe’s anticipated resale value.
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The Santa Fe offers great value.
The SUV with the greatest value loss may be the Hyundai Santa Fe. But the Santa Fe has a lot to offer. It is a five-seat SUV with a lot of value for its $27,700 basic price. It might go up to $41,000 with options. However, CAREdge estimates that a Hyundai Santa Fe will lose 43% of its value after five years. Compared to other SUVs, a Santa Fe loses value the most. The fact that the Santa Fe was completely redesigned in 2019 and the model that was on the market five years ago wasn’t as well-liked as the present Santa Fe may be partially to blame for that value decline.
CAREdge estimates that a 2017 Santa Fe, which currently costs $24,982, should get $20,612 based on price calculations made using its own pricing algorithms. A 2021 that cost $38,115 new would now be worth roughly $36,000 after losing about 7% of its value.
SERPRESULT
The 2023 Hyundai Santa Fe is a fantastic 2-row midsize SUV that comes equipped with a ton of standard features and can approach luxury-level driving.
Yes, the Santa Fe has good resale values, comparable to the Nissan Murano and better than the Ford Edge and Chevrolet Equinox.
Is Purchasing a Used Hyundai Santa Fe Worthwhile?
Investing in a pre-owned Hyundai Santa Fe can be profitable. Best of all, avoiding the more troublesome 2018–2020 model years can save you a ton of money.
Similar to their Palisade counterparts, Hyundai Santa Fe models often maintain their value well over time and can be driven for more than 200,000 kilometers.
Even better news for people who live in tough winter regions is that the Santa Fe operates admirably in the snow.
You are getting a great deal on a lightly used SUV with a lot of life remaining in it if you can spend around $13,000 on a 2015 Santa Fe in decent condition.
Not to mention the extensive technology and driver assistance systems that Hyundai outfitted the third generation with.
You’d receive a standard rear-view camera, a CD player with the six-speaker audio system, Hyundai’s Blue Link telematics system, Bluetooth, pre-wiring for SiriusXM Satellite Radio, HD Radio, a 4.3-inch touchscreen display, and USB/iPod connection. The controls are all simple to operate.
A larger touchscreen and navigation system were included in the Ultimate Package, and blind-spot monitoring could be added.
For a Hyundai Santa Fe to last 200,000 miles or more, routine maintenance is essential.
Using the same reasoning as a car insurance company, determine whether a vehicle is suitable for retirement when it needs repairs amounting to around 75% of its value.
For instance, the starting Blue Book value of a 2010 Santa Fe GLS with roughly 128,500 kilometers is about $6,400. You could be better off investing in a different car than paying the shop bill if an engine replacement costs between $3,000 and $4,500 with labor.
Your best chance of getting 200,000 miles or more out of a Hyundai Santa Fe is to keep these expensive components safe by keeping them maintained.
Routine oil and filter changes are among the most popular and, arguably, most important procedures. Oil accumulates impurities over time, such as dirt and corrosion, which can damage the engine’s internals and shorten its lifespan. The filter effectively removes the dirt, but eventually needs to be replaced.
For the greatest results, Hyundai advises replacing the oil and filter every 3,000 to 5,000 miles.
Other regular, necessary services include:
- The spark plugs are changed
- swapping out the brake pads
- leveling and rotating the tires
- Transmission fluid should be changed.
- changing the timing chain and belt
On Hyundai’s official VIN search page, you may find a complete service breakdown. No matter what, make sure to have a dependable mechanic inspect any used Hyundai Santa Fe before purchasing it to look for indications of good maintenance.
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.
What else is comparable to the Hyundai Santa Fe?
The 2019 Chevrolet Equinox is offered with a choice of two turbocharged gasoline engines or a turbocharged diesel engine, as well as front-wheel or all-wheel drive. A 7-inch color touchscreen with AM/FM, Apple CarPlay, and Android Auto is included in the base infotainment system. In addition, there are two USB ports and 4G LTE Wi-Fi connectivity.
Although the Insurance Institute for Highway Safety has not yet conducted crash tests on this crossover, the National Highway Traffic Safety Administration has given it an overall rating of 5 stars. A special Teen Driver function is one of the standard safety features that tracks a teen’s driving so that parents may support them in forming safe driving practices. There are four trim levels, ranging in price from the Equinox L at the base to the Premier at $31,000.
The Hyundai Santa Fe was retired for what reason?
Hyundai has finally discontinued the Santa Fe, despite the fact that it was a reasonably nice car on its own and had been in the Indian market for a while. The decision, according to the specialists in the field, was significantly influenced by the most recent revision in the GST cess on SUVs. In addition, luxury brands like Mercedes and BMW already have products in the same price range, making the car rather pricey.
When compared to its competitors, the Toyota Fortuner, Ford Endeavour, and Volkswagen Tiguan, the Santa Fe was significantly more expensive. In the first four months (April to July 2017) of this fiscal year, the automaker only sold a total of 45 units, whereas the industry average was 2,500 vehicles per month.
Additionally, for the same period, the company reported no production. In addition, the business withheld the updated Santa Fe price following the recent announcement of a new cess slab. Hyundai currently only offers the Tucson and Creta as its sole 5-seater SUVs.
Are Hyundai Santa Fe vehicles dependable?
With a reliability rating of 4.0 out of 5, the Hyundai Santa Fe is ranked second among 26 midsize SUVs. It has lower ownership costs than the national average due to the $515 average annual repair cost. The Santa Fe is one of the more dependable automobiles on the road since its maintenance are less severe and more seldom than those for other vehicles.
What is the Hyundai Santa Fe’s typical lifespan?
If properly maintained and prudent driving practices are applied, the Hyundai Santa Fe is a tough car that can travel between 200,000 and 250,000 kilometers. The Santa Fe can endure 13 to 17 years before needing expensive repairs or breaking down, based on an annual mileage of 15,000 miles.
Which model, the Hyundai Tucson or Santa Fe, is superior?
While the Hyundai Tucson models have superior predicted highway fuel economy, the Hyundai Santa Fe lineup has more horsepower capacity. Although the Hyundai Tucson has more cargo space than the Hyundai Santa Fe, the Hyundai Santa Fe offers better passenger space.
Has the Hyundai Santa Fe experienced transmission issues?
Many 2017 Hyundai Santa Fe customers have complained about transmission problems, particularly stuttering. The majority of owners claim that this problem first appeared at about 1,000 miles. Numerous reports claim that the problem worsens as the SUV exits corners or tries to speed.
What model sells the most units for Hyundai?
One of the few automakers in the US whose best-selling vehicle is still a sedan is Hyundai.
Despite a 4.9% reduction in sales since 2016, or 10,000 sales, the Elantra still outsells Hyundai’s next best-selling model by more than 60,000 units, which undoubtedly had an impact on Hyundai’s overall sales total for the year.
The current-generation Elantra was introduced in February 2016 for the 2017 model year, thus age is not an issue here.
Sales decreased from 2015 to 2016, as is common when a new model is introduced, but it’s possible that the Elantra is just one of the casualties of consumers’ desire shifting more and more in favor of high-riding SUVs and crossovers.
Does Kia outperform Hyundai?
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. No hard feelings, Hyundai.