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Honda Civic vs. Hyundai Elantra

1637 messages,  Last post on Oct 27, 2009 at 7:09 PM

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What is this discussion about? Honda Civic, Hyundai Elantra, Sedan


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#1573 of 1637
Re: 4AT vs 5AT. [rustum] by backy
Aug 28, 2007 (5:48 pm)
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Replying to: rustum (Aug 27, 2007 9:55 pm)

If you can wait for awhile (and it sounds like you can), you might see if Hyundai puts a loyalty rebate back on the Elantra. Since you are a Sonata owner, that could sweeten the deal on the Elantra by another $500-1000.
 
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.
#1574 of 1637
Thanks for your information. by rustum
Aug 30, 2007 (9:14 pm)
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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.
#1575 of 1637
Re: Thanks for your information. [rustum] by backy
Aug 31, 2007 (8:58 am)
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Replying to: rustum (Aug 30, 2007 9:14 pm)

If you really want that Accord, you could check out the private party market for your Sonata, especially if it's in good shape and well-maintained.
#1576 of 1637
Elantra Resale Value by colloquor
Oct 08, 2007 (6:51 am)
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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.
#1577 of 1637
Re: Elantra Resale Value [colloquor] by thegraduate
Oct 08, 2007 (7:16 am)
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Replying to: colloquor (Oct 08, 2007 6:51 am)

Using those numbers, the Civic has held 77% of its value. The Elantra has held 70%.
 
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
#1578 of 1637
Re: Elantra Resale Value [thegraduate] by backy
Oct 08, 2007 (8:02 am)
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Replying to: thegraduate (Oct 08, 2007 7:16 am)

Percentages can be misleading. They can be higher on a higher-priced car than on a lower-priced car, yet you'll lose more in depreciation dollar-wise on the higher-priced car. That's why I focus on dollar depreciation vs. percentages.
 
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.
#1579 of 1637
Re: Elantra Resale Value [backy] by thegraduate
Oct 08, 2007 (8:08 am)
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Replying to: backy (Oct 08, 2007 8:02 am)

I worry about the info I research and find on resale vs. that of real-world values. For example, the resale on my Accord was higher than that of what end-of-the-year 2006 Accords were selling for last year. That can't be completely accurate. OTOH, I have a buddy with a 13 year old (1994) Accord EX, 201k miles on it. He put a sign in the window with $4,000 on it. He had five calls in three days. He isn't selling yet, but wanted to see what he could get for it. He told me he figured he'd have to come down to $3k or so (heck, the car has been in two accidents, albeit minor ones).
 
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!
#1580 of 1637
Re: Elantra Resale Value [thegraduate] by backy
Oct 08, 2007 (8:18 am)
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Replying to: thegraduate (Oct 08, 2007 8:08 am)

Yes, you have to take published "resale prices" with a grain of salt. But I figure if the prices of my Elantra have been inflated, so have the prices of the Civic.
 
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.
#1581 of 1637
Civic LX vs. Elanttra by backy
Jan 12, 2008 (1:54 pm)
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I got to take a nearly-new Civic LX for an extended drive this past week while traveling in Southeastern Florida, courtesy of Hertz. I put my comments here:
 
backy, "The Forums Test Drive Team" #198, 12 Jan 2008 1:23 pm
 
I was glad to have the five days in the Civic, as it gave me a good chance to compare it to the Elantra, which I've rented on several occasions. I was impressed in many ways by the Civic. I think it's better planted on the road than the Elantra, it has some nice touches in the interior such as a sliding center armrest, a thick steering wheel, and oil life gauge, and it had distinctive, sporty styling. But overall, for what I want in my next car, I'd take the Elantra SE. For hundreds less (MSRP) than the Civic LX, the Elantra offers a much larger interior (especially the rear seat), ESC, 4-wheel discs, five-spoke alloys, 6-speaker XM radio, audio controls on a leather-wrapped steering wheel, 60/40 rear seat opening to a larger trunk, trip computer, fog lamps; little touches like lighted vanity mirrors, overhead storage, two 12-volt outlets, auto on/off headlamps, rear center armrest; and of course the longer warranty. Also, the Elantra is quieter inside (less tire and wind noise) and has a smoother ride, albeit with less crisp handling. The Elantra gives up 1 mpg (EPA estimated overall) to the Civic. The Elantra is higher, meaning it's easier to climb into and out of than the Civic--more and more important as one gets older.
 
If someone doesn't need a roomy rear seat, likes the way the Civic handles, likes its low stance, and doesn't mind paying more to get a Honda, the Civic would make a fine choice.
#1582 of 1637
08 Honda Civic LX v/s 08 Hyundai Elantra SE by mjoshi
Mar 24, 2008 (10:24 am)
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I'm in market for a new car and narrowed down between Honda Civic v/s Hyundai Elantra. Both are similarly priced with Elantra being little bit cheaper than Civic. Mileage wise it seems both are on par. What is opinion of others ? I'll be driving in snow and seems Civic lacks certain extra safety features that Elantra SE has. Also seems like CR rated Elantra SE higher than Civic just because of extra safety features.

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