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Honda CR-V, Toyota RAV4 or Subaru Forester?

782 messages,  Last post on Feb 25, 2009 at 12:24 PM

You are in the Honda CR-V Forum. Your Hosts are steve_ & tidester

What is this discussion about? Honda CR-V, Toyota RAV4, Subaru Forester, SUV


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#708 of 782
Re: Hyundai [ateixeira] by stevecar
May 17, 2007 (11:20 am)
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Replying to: ateixeira (May 17, 2007 10:38 am)

Resale isn't really an issue if you're looking 10 years out.
#709 of 782
Re: Hyundai [stevecar] by ateixeira
May 17, 2007 (12:24 pm)
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Replying to: stevecar (May 17, 2007 11:20 am)

Not a big one, no, but even my 9 year old Forester is getting $5550. I've had 3 callers already and 2 test drivers. Might be sold by the weekend.
 
I kinda doubt I could get that kind of money for, say, a 1998 Kia Sportage. Maybe a grand or two.
 
So it matters much less, but it still matters some.
#710 of 782
Re: Hyundai [ateixeira] by stevecar
May 17, 2007 (12:37 pm)
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Replying to: ateixeira (May 17, 2007 12:24 pm)

Good point. I got 8,000 for my 7year old forrester on a trade-in.
If that's the case, all Hyundai/Kia products are only worth it if you drive them until the wheels fall off or if you get (as is usually the case)a terrific buy on a new one.
I guess that's the reason they are worth so much less after a few years. Or at least one of the reasons.
Then again, I'd hate to see the condition of a 10 year old Sportage.
#711 of 782
Re: Hyundai [stevecar] by varmint
May 17, 2007 (12:41 pm)
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Replying to: stevecar (May 17, 2007 11:20 am)

Always consider resale. You never know when your situation may change. And if you crash the car, most insurance policies will reimburse based on the current value of the car.
#712 of 782
Re: Hyundai [stevecar] by ateixeira
May 17, 2007 (12:43 pm)
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Replying to: stevecar (May 17, 2007 12:37 pm)

Yeah.
 
To be fair the Santa Fe has made leaps and bounds from that Sportage (it was pre Hyundai ownership, too).
#713 of 782
Re: Hyundai [varmint] by stevecar
May 18, 2007 (3:58 am)
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Replying to: varmint (May 17, 2007 12:41 pm)

The point about the insurance company paying on current value of the car is not publicized enough. This can also cause cars to be "totalled" by the insurance company a lot faster. It still boils down to the fact that certain cars gain a reputation for low or high depreciation and maintain that reputation for years. I test drove the Sante Fe and it was terrific. I wanted better gas mileage so we bought the CRV. However, as Hyundai continues to sell its cars well below sticker, their resale will continue to lag.
The general public does not take all of these factors into account and happily enjoy driving Hyundais and unless there is a depreciation(total accident, stolen car, having to trade in etc) issue they are perfectly fine.
#714 of 782
Re: Hyundai [varmint] by marig0107
May 18, 2007 (11:12 am)
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Replying to: varmint (May 17, 2007 12:41 pm)

Always consider resale. You never know when your situation may change. And if you crash the car, most insurance policies will reimburse based on the current value of the car.
 
that is a good point. We had not thought about that too hard when we got our CRV. At the time, I was driving a very unreliable caravan so my main concern was having a reliable brand and Honda was it.
 
Now I am finding so many more reasons to love my CRV. Thanx one and all
#715 of 782
Hyundai Selling Below Sticker by rochcom
May 19, 2007 (6:15 am)
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"However, as Hyundai continues to sell its cars well below sticker, their resale will continue to lag."
 
If the original price is low enough, it may make up for the poor resale value at the other end, esprcially if it is kept a long time. The extended warranty (5/60 total, 10/100 drivetrain) makes that more likely. But for me, the gas mileage is the sticking point. It can greatly impact the cost of ownership, particularly if prices keep rising above the inflation rate.
#716 of 782
Re: Hyundai [stevecar] by drwoodr
May 19, 2007 (7:47 am)
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Replying to: stevecar (May 18, 2007 3:58 am)

My insurance pays for a new car for the first 2 years of ownership, so everyone should check their policy on this.
 
While resale value is something to consider, it is just one of many factors. Getting an extra grand at trade in doesn't mean much if you don't enjoy driving your vehicle for the next several years.
#717 of 782
Re: Hyundai [drwoodr] by drive62
May 21, 2007 (6:18 am)
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Replying to: drwoodr (May 19, 2007 7:47 am)

True. But I also look at it the opposite. If I pay a little more for a vehicle and keep it a long time the extra cost works out to less than a dollar a day (way less based on how long I keep a vehicle). For a reliable vehicle from a proven automaker that doesn't seem so bad.

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