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Sedans Honda Civic Honda Civic vs. Hyundai Elantra
1637 messages, Last post on Oct 27, 2009 at 7:09 PM
You are in the Honda Civic Forum. Your Hosts are pat & karens
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Replying to: rustum (Aug 27, 2007 3:00 pm) |
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Living in South Florida, the roads are all flat and the car holds 5th gear beautifully, ample power for passing to. Just filled my tank and with a 50/50 split, got 32.7 mpg's...not bad I must say. Part of that driving was coming home from the dealer after the 2nd oil change with almost 10k on the clock. This car impresses me more and more daily. Was looking at the Volvo S40 also, but with the 5 cylinder engine, doubt I'd have gotten mileage figures as good as these. Really iked the looks of the Volvo though and the '08's are even a bit nicer. But the wife has the Mazda 3s, which has the exact same body as the S40, just with lower headrests front & rear. That was the main reason she passed on the S40 actually, she couldn't see out the back or sides safely and the Mazda was better vision wise. She's still happy. The Sandman 
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Replying to: rustum (Aug 27, 2007 9:55 pm) Another car you might check out in the meantime is the Versa. I think it's a very nice car for the money, with excellent crash test scores (has Good's across the board for the IIHS tests, like the Civic). If you are looking for a good price on a Civic, now is the time to get one of the last '07s. |
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Becky, Sandman and Targettuning, Thanks for your information. I have fixed my timing belt on my sonata. Now, it is running great. Looks like, i can manage with that some more time. Today, i happen to visit Honda showroom. That guys is ready to sell Accord LX, 4Cy with AT with bargain price. But, he is ready to give only 3k for my sonata. I felt hard to trade in my sonata for 3k immediately after spending 400$. He is not ready to give much room for bargaining on civic.
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Replying to: rustum (Aug 30, 2007 9:14 pm) |
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Many here on Edumunds.com denigrate Hyundai resale values. I just finished some research based upon the purchase of our 2006 Elantra GLS sedan automatic vs. a 2006 Honda Civic LX auto and a 2006 Toyota Corolla LE auto. The prices paid, including TTL, for the Civic and Corolla were based on an average of those posted here on Edmunds.com from buyers for those trims over a snapshot of time (and, forum postings) in 2006. Interestingly, the Elantra does quite well compared to the Civic and Corolla which contradicts the position of many anti-Hyundai posters. The values (trade-in and private party) were taken from the Edmunds.com appraisal calculator. This trade-in value correlates with what my local dealer, and Intelliprice, would offer for a new car trade-in, so this value should be good enough for basic comparison purposes. The data: 2006 Elantra - Trade-in: $9,647 Private Party: $10,738 2006 Civic - Trade-in: $13,508 Private Party: $14,620 2006 Corolla - Trade-in: $11,429 Private Party: $12,613 Comparing total purchase price vs. trade-in value: I paid $13,700, including TTL, for my 2006 Elantra. This equates to a $4,053 loss since purchase - in my case, purchased in December 2005. The average purchase price, including TTL, based upon Edmunds.com postings for the 2006 Civic LX is $17,500. This equates to a $3,992 loss since purchase. The average purchase price, including TTL, based upon Edmunds.com postings for the 2006 Corolla LE is $16,200. This equates to a $4,771 loss since purchase. In each case, the first year depreciation hit is substantial, as expected. But, when you compare each based upon not the MSRP, but the actual delivered price, including TTL, the Hyundai fares quite well against their highly regarded competitors.
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Replying to: colloquor (Oct 08, 2007 6:51 am) Out of curiousity, what does Edmunds say is the average purchase price for the Elantra? And what model are you using to compare? Thanks for the info! TheGrad
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Replying to: thegraduate (Oct 08, 2007 7:16 am) These numbers reflect my own experience, e.g. $5900 in depreciation on a '01 Elantra GLS after 5-1/2 years. I recently checked on the resale value of my '04 GT, and it's down about $3000 from purchase price after 3-1/2 years. I'll take that kind of depreciation any day.
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Replying to: backy (Oct 08, 2007 8:02 am) I wouldn't pay $4k for a 200k mile car, but apparently the old Hondas don't drop as much as they say! That excites me somewhat, as I have 175k on my 1996 Accord, and with timing belt coming up, and a need for new struts, I'm looking at over $1200 worth of work it is going to need. I also have someone who REALLY wants this car, and has for years (for his son who will be 15 soon - he works on them and wouldn't have a problem changing the timing belt or water pump himself). I may have to check the paper to find out a fair asking price - blue book is undercutting me!
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Replying to: thegraduate (Oct 08, 2007 8:08 am) I happened to scan Elantra used car prices in a 500 mile radius the other day and was surprised how high they were. Of course, these are asking prices, but even allowing for dickering they were holding up very well I thought. Maybe all the good press the Elantra has been getting, e.g. recommended used car by CR, Edmunds's top pick for a used compact, good reliability scores etc. have been doing some good. |
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