While a Hyundai holds a decent amount of value over time, certain models can depreciate by up to 65% after three years of ownership. Mileage: Your car’s mileage has an immediate impact on its condition, and if you’ve racked up 100,000 miles or more, you might run into trouble in the resale process.
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Hyundai Depreciation
Hyundai’s resale value is best described as middle of the road; not the worst, but nothing to write home about either. The Hyundai Tuscon does finish above average at 5 and 7 years, and the Elantra is slightly ahead at year 5 and 7 as well. The Sonata, however, is not a bright spot in the Hyundai lineup, as it falls well below average five years after new.
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 price as new, with 83% of the vehicle’s usable life left.
The 2019 and 2017 model years are also attractive years for the Hyundai models, and provide a relatively good value. Our rankings consider multiple factors, including original new prices, current prices, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most automobile for the money with a Hyundai model.
Honda, Hyundai, Lexus Models Retain the Most Resale Value Years After Purchase
Honda and Lexus are among the top automotive brands with the highest residual value projections according the the J.D. U.S. Power 2022 ALG Residual Value Awards
“Accurately forecasting residual values in the auto industry is a key factor in assessing an estimated $225 billion lease portfolio of vehicles in the United States,” said Eric Lyman, vice president of ALG. “The brands and vehicle models that rise to the top demonstrate that they score well across the award program’s criteria, including manufacturers’ superior design and quality.”
The Residual Value Awards recognize which vehicle models are projected to hold the highest percentage of their manufacturer’s suggested retail price 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 term. This value is also used to determine resale values.
There are several variables that affect the actual value of a vehicle over a multi-year lease term including mileage, quality/reliability, options and feature sets, weather and macroeconomic environment.
Of the 284 models considered for the 2022 model-year, Honda, Hyundai and Lexus proved to be the brands with most value-retained cars. The 2022 Honda Civic is projected to have the highest resale value of all compact cars in three years. The 2022 Honda Odyssey and 2022 Honda Passport are most likely to retain value among minivans and midsize utility two-row vehicles, respectively.
On the luxury side, the 2022 Audi A6 Allroad, 2022 Land Rover Range Rover Velar and the 2022 Mercedes-Benz Metris are all anticipated to retain high value.
The 2022 Hyundai Kona EV and Tesla Model Y is the best for mass market electric vehicle customers basing their buying decisions on residual value. According to the J.D. Power report the 2022 Hyundai Kona and Hyundai Accent will also retain their quality.
The Mercedes-Benz AMG GT 4-Door edged over the long-time top-rated Lexus LS as the victor in the Premium Executive category.
The new Ford Bronco tops the list for highest projected off-road utility vehicle residual price, however Jeep Wrangler and Toyota 4Runner — former segment winners — are also still highly rated.
Model averages are weighted based on percentage share relative to the entire model line, and manufacturers must enter models in at least four different 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.
“The success of Lexus speaks to an exceptional, industry-leading continuity of residual value across its complete lineup,” Lyman said. It’s comparable to a decathlete who places first in all 10 of the individual events despite only winning one of them.
Hyundai Ioniq 5 – 42.8 Percent Resale Value (After Five Years) (After Five Years)
As a styling exercise, the Hyundai Ioniq 5 is nothing short of a masterpiece; its Giugiaro-invoking bodywork looks like nothing else on the road today. It also touts usable electric range and better build quality than what we’ve experienced in the Tesla Model Y, although the Hyundai lags in terms of performance and range. Although the Ioniq 5 was new for 2022, IntelliChoice predicts that it will only retain 42.8 percent of its value after five years.
Vehicles With Best and Worst Resale Value
When purchasing a car, you know you are putting a ton of money into a depreciating asset. This means that the car is going to be worth less tomorrow than what it was worth today. We’re clever and certainly want to squander as little money as we can as customers, especially if it is as a percentage of a major purchase like a car.
The best way to maximize your resale value is to avoid buying cars that are within their first 5 years of life, because the depreciation is steeper here. Buy as old as you feel comfortable, to save your hard earned money. I think the older the better. Just make sure the car checks out mechanically and is a safe ride.
The other best way to ensure resale value is to buy a brand that holds its value well. Brands like Jeep, Subaru, Porsche, Toyota, Lexus and Honda all tend to have a higher resale value than their competitors. These cars retain their value better than most, but that doesn’t mean they don’t lose value just as quickly.
For car 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 vehicles will depreciate in value up to 61% in the first five years.
Does Kia keep its value?
Kia: 47.7 Percent Retained Value Despite their appeal in other areas, Kia’s vehicles trail with an average value retention rate of 47.7 Percent over a five-year period. That’s in spite of its hefty standard warranty and really attractive offerings
Do Hyundai’s depreciate fast?
While a Hyundai keeps a reasonable amount of value over time, particular models can depreciate by up to 65% after three years of ownership. Mileage: Your car’s mileage has an immediate impact on its condition, and if you’ve piled up 100,000 kilometers or more, you can run into difficulty in the selling process
Does Hyundai last long?
On average, the lifespan of a Hyundai is between 100,000-200,000 miles. A well-maintained Hyundai can, however, travel well over 200,000 miles. In fact, some Hyundai owners report up to 500,000 miles on their vehicles! All vehicles have a lifespan of between 150,000 and 200,000 miles.
What is the Hyundai depreciation rate?
- Find and calculate the depreciation of your Hyundai for any stage of your ownership.
Hyundai vehicles have an average depreciation in the first three years from new of 45 percent. Select a Hyundai from below to calculate depreciation for it:
In order to estimate the value loss for a new or used Hyundai, use this depreciation calculator. By providing a few parameters such as price, vehicle age and usage and period of your ownership, we apply our depreciation models to predict the future value of the car.
Our projections are based on the first three years depreciation forecast. We research the vehicle market to see how vehicles, on average, depreciate over the first three years of ownership from new.
We can predict the car’s future value using the first three years’ depreciation curve, and we can make a comprehensive table that details each month of ownership, the subsequent depreciation, and the car’s new value.
This calculator is a useful decision making tool when considering purchasing a car.
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We have provided guides, tools, a selection of deals (lowest rate and/or fees) but expect you to seek full professional advice with a whole of market adviser before making any decision.
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Are Hyundai’s expensive to fix?
Hyundais are not expensive to maintain. RepairPal ranks the brand in 4th place overall, and owners pay an average of $468 per year on repairs and maintenance. This is less expensive than the $652 annual average for the sector.
The average owner pays about $468 per year to maintain a Hyundai according to RepairPal. Different models have different costs, too. For example, the Elantra costs about $452 annually while the Sonata costs $458.
According to RepairPal, Honda is the cheapest car brand to maintain. Drivers pay an average of $428 per year for maintenance and repairs, and some Honda models cost even less than that.
Yes, Hyundai parts are cheaper than most other imported brand parts on the market. 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.
Does a Mazda hold its value?
Mazda’s resale values have improved, relative to their peers, and their rankings have climbed to the Top 5 range at all three time intervals. While Mazda doesn’t have any vehicles that really stand out as star performers, its lineup is solid across the board, with the MX-5 and CX-3 leading the way.
The 2020 is our top pick for the best model year value for the Mazda vehicles. With the 2020, you would only pay, on average, 89% of the price as new, with 83% of the vehicle’s usable life remaining.
The 2019 and 2018 model years are also attractive years for the Mazda models, and provide a relatively good value. Our rankings take into account a number of variables, such as the original new price, the current price, maintenance costs, and the remaining years of anticipated overall expenses. Our top ranked model year represents the most car for the money with a Mazda model.
Does Honda hold its value?
Honda was proudly awarded five Kelley Blue Book Best Resale Value Awards in 2019 for every category for every vehicle type that the brand produces including: Best Resale Value: Hybrid Car, Honda Insight. Best Resale Value: Compact Car, Honda Civic
Hyundais: Are they as dependable as Hondas?
Honda cars are less dependable than Hyundai vehicles, which all receive ratings of at least 3.5 out of 5 in the United States. News reliability ratings. In contrast, only 3 Honda vehicles received a rating of 3.0 out of 5.
Hyundai offers more warranty than Honda, partly to woo more customers. The Hyundai brand offers a 5 year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty.
Honda offers a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty.
Honda doesn’t necessarily need to work as hard to acquire customers’ trust, according to the argument that it has established for itself. But Hyundai consistently over-delivers in its vehicles and after-sales services.
What are common problems with Hyundai?
Since the engine is the heart of the car, having a malfunctioning one can be frustrating and, frequently, worrying. Hyundai vehicles are commonly reported as having engine problems, varying from ticking or unusual noises, to stalling, cutting out or seizing. These issues appear to have affected the 2011 and 2012 Hyundai Sonata most. Both the Sonata and Elantra have a history of internal electrics problems, which can lead to improper engine operation. Any engine issues should be repaired as soon as possible to get you back out on the road.