Selling your Hyundai within three to five years of ownership will increase the odds that you’ll get up to 60% of its original value upon resale. Time isn’t the only factor, though. Your Hyundai’s condition, mileage, and demand in the market all impact your car’s worth.

While your Hyundai may be known for its reliability, fuel economy, technology packages, and sleek stylings, it’s much more than just a car to you. Whether enough time has passed for you to part ways with your reliable ride or you’re ready to upgrade to the newest model, you’ll need to know how it stacks up in terms of its resale value.

The value of any vehicle depreciates the minute you drive it off into the sunset, but knowing precisely how much it can earn you upon resale is crucial to your financial planning.

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Hyundai car insurance costs

What goes into determining my Hyundai’s resale value?

From road trips to congested commutes, you and your Hyundai have been through a lot together. While you can’t put a price on nostalgia, you can calculate your Hyundai’s resale value based on several factors. Let’s break them down:

Depreciation: Before the ink was even dried on your Hyundai contract, its value depreciated. 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. It’s ideal to maintain a limit of 12,000 to 15,000 miles per year of ownership.

Accident history: They may be unavoidable, but accidents can throw a dent in your Hyundai’s resale value. Even if your car has been fully restored, its value can drop between 15% and 30% after an accident.

Model popularity: Do you have a hatchback or SUV? You’ll have an easier time selling those popular Hyundai models at a better price. Popular models like

Hyundai Accent,

Hyundai Kona

, and

Hyundai Tucson

tend to maintain their value due to demand in the market as well.

Interior and exterior conditions: How well did you maintain your Hyundai? The newer your car looks, the more profit you can pack into its price tag. Dents, dings, interior blemishes, and neglected repairs will drive down your car’s value.

MORE: How to sell a car for the best price

Resale value vs. trade-in value

Both trade-ins and resales have pros and cons, so let’s dive into their differences. A trade-in is an amount a dealership will give you in exchange for your used car, but it’s typically not a cash payment. Instead, they’ll put that amount towards

buying a new car

from their dealership.

Resale can lead to a greater financial payoff, but it takes more leg work to pull off a private sale. Imagine your car being auctioned off to strangers—they’ll be looking at its age, condition, and mileage under a magnifying glass. While a dealership can give you feedback and direction to get your Hyundai up to its standards, you’ll be on your own in sprucing up your ride for a resale.

What is the MSRP of my Hyundai?

How much was your Hyundai worth when you first got a whiff of its new car smell? Before you head into a resale or trade-in, you’ll need to know what your Hyundai’s original MSRP was.

Check out this guide

from Kelley Blue Book to pinpoint your Hyundai’s MSRP so you can see where you stand from a price standpoint.

Key Takeaway It’s important to know your Hyundai's worth based on its MSRP, interior and exterior condition, accident history, age, and model type before you venture out to sell it.

How does wear and tear affect my Hyundai’s value?

Your car’s condition is not only one of the most essential factors in determining its resale value, but it’s also largely within your control. Following Hyundai’s recommended maintenance schedule can improve your car’s resale value. On the other hand, if the buyer of your car has to pay for wear and tear repairs, your Hyundai’s value will plummet.

It’s been said that for every $5,000 in repairs due to an accident or other causes, your vehicle’s value will be reduced by $2,500. Whether you’re planning to sell your car independently or offer it up as a trade-in, you can use

Hyundai’s wear and tear guide

to estimate the damage.

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How to calculate the resale value of your car

While your car’s journey and each Hyundai model will be unique, it’s possible to estimate how it stacks up in terms of resale value. Use this

handy tool

to get calculate your car’s value.

To get a more general idea of how your car compares to other Hyundai models, you’ll need to start by determining the depreciated value. As it stands now, Car Edge rates the 2019 Hyundai as the best model year, generally retaining 83% of its value—and offering the best deal for your money.

Let’s take a closer look at how Hyundai models depreciate over time with some real-life examples. Let’s say you bought a 2019 Hyundai Kona EV for $31,672. After driving it for three years at 12,000 miles per year, it will retain 63.72% of its value, and you can resell it for $20,239.

If we apply the same conditions to a Hyundai Kona example, the numbers will look slightly different. Your Kona’s original MSRP of $26,627 will depreciate over three years to a resale value of $16,967.

Keep in mind that while the model year plays a large role in determining your Hyundai’s resale value, additional factors like your Kona’s condition can drastically affect the final price tag.

MORE: Trade-in vs private sale: What’s the best way to sell your car?

The bottom line: is my Hyundai worth reselling?

Now that you know your Hyundai’s MSRP, depreciation, condition, and mileage—it’s time to face the music. If your car is in great cosmetic shape, has less than a 15,000 mile-per-year average, was new within the last three to five years, and happens to be an SUV or a hatchback, you can get a substantial payout in a private sale.

If your Hyundai only meets one or two of those criteria, you may want to consider making some last-minute tweaks to increase your odds of a smooth resale.

How to prep your Hyundai for resale

No matter what your situation looks like, if you’ve decided to resell your Hyundai, you’ll want to get the most you can for what it’s worth. Before you hand off the keys to the new owner, make sure you follow these steps:

Get your car detailed. Cleaning even the tiniest crevices can help restore your Hyundai to that new-car look (or as close to it as you can get).

Get routine maintenance done. This includes having your fluids up to par, oil changed, tires rotated, and alignment balanced before you stick on the “for sale” tag.

Round up the original parts. Any manuals, keys, and accessories that accompanied your Hyundai when you first brought it home should go with it to its next owner.

Getting these ducks in a row will position you to get a substantial return on your investment, and make the new owner feel reassured that you took great care of their new-to-them Hyundai.

Finding cheap Hyundai insurance

You’ve parted ways with your Hyundai—so, now what? Whether you decide to invest in a brand new model or jump ship to another manufacturer altogether, you’ll need to protect your new ride with c

ar insurance

. While resale fatigue from your latest venture might make insurance shopping seem daunting, it doesn’t have to be with a little help from

Jerry

The most accessible route to locking down affordable insurance for your Hyundai is now in your back pocket. All you have to do is download the

trustworthy super app

, plug in your personal information, and watch Jerry work comparison shopping magic.

When you choose a policy, Jerry will handle the necessary steps to get you switched over—and even help cancel your old policy. You can also expect routine shopping with updated quotes before each renewal to ensure you’re always one step ahead of the deals.

If you want to keep the money rolling in after your Hyundai sale, you can join Jerry customers to save an average of $887 per year!

“My policy covers two people and four cars: a truck, SUV, convertible, and muscle car.
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Which Hyundai has the highest resale value?

The Hyundai Tucson holds on to residual value longer than other models. Honorable mentions are the Hyundai Accent, Hyundai Kona, and Hyundai Kona EV.

What is my Hyundai worth?

Your Hyundai’s value is determined by factors like depreciation, mileage, condition, and more. In the meantime, you can see what your Hyundai is appraised for with this

helpful tool

from Edmunds.

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