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Smart Shopper Purchasing Strategies - Questions & Success Stories
3884 messages, Last post on Apr 08, 2009 at 1:08 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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If you must have a Hyundai you might look for a slightly used one. Few cars depreciate faster than the Korean makes do.
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Replying to: isellhondas (Aug 16, 2008 2:21 pm) You couldn't tell that by the prices the bandits near me charge. Usually 2K higher than KBB dealer retail. They must figure that people around here are too stupid to know the difference between Korea and Japan. 
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Replying to: oldfarmer50 (Aug 16, 2008 3:20 pm)
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Replying to: snakeweasel (Aug 17, 2008 5:30 am) Finding a buyer would be the tough part. |
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Replying to: isellhondas (Aug 17, 2008 6:31 am) '00 Accord LX AT, CD Player, 4 cyl. w/150K miles average condition: TMV trade-in $2200, private party $3000. It's enough that Snake got his Sonata for $3K less than Accord (and that is BEFORE factoring 8 years of inflation - the real number is probably closer to 2 grand at time of purchase) in comparable transaction - which we know is more than probable, it is PHYSICALLY IMPOSSIBLE for him to lose more money, even if he sent his Sonata straight to junk yard for a penny. This of course assumes "book value" is accurate. It makes sense to consider depreciation only in first few years and only when mileage is low. Beyond those points any car becomes a beater. Even if Accord is TWICE as more valuable than Sonata at that age and mileage (which it might be), we talk about at most couple of thousand dollars, no more.
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Replying to: dino001 (Aug 17, 2008 8:01 am) I will say that a used Honda is MUCH easier to sell than a used Hyundai especially one with high miles.
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Replying to: isellhondas (Aug 17, 2008 8:04 am) |
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Replying to: isellhondas (Aug 17, 2008 6:31 am) I know so, a comparable Honda at that time would have cost a thousands more (3-4K) and if I sell my car to the junk yard for $50 I would have lost less in depreciation dollar wise than I would have with the Honda. Per KBB the difference for trade in value between my car and a comparible Honda would be between $1,000 and $1,300 depending on condition. Far less than the 3 grand original price difference. |
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Hyundai is no longer the low price leader when the two cars are compared.
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Replying to: isellhondas (Aug 17, 2008 11:13 am) |
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