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How much does Hyundai depreciation lower the value of a car?
I’m thinking about buying a Hyundai, but I’m debating about whether I should buy a new or a used one. I don’t want to buy a new one if it depreciates heavily in the first few years. What is the depreciation rate on a Hyundai?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Hyundai vehicles suffer from fairly significant depreciation—on average, around 5% to 6% annually. While this figure will be larger during the first years you own the car, note that no Hyundai vehicle cracks any of the top resale value awards, and the brand itself is not within the top 10 of least depreciation.
In this case, resale value isn’t a strong point of a new Hyundai. However, a certified pre-owned option may be the better choice, as the original owner has taken most of the loss on depreciation. Moreover, Hyundai has the best powertrain warranty in America, offering a 10-year, 100,000-mile warranty with each new vehicle. This might be enough to persuade you to purchase one, even if the resale value is low.
Whether you decide to buy a new Hyundai or a used one, keep your
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