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SUVs Honda CR-V Honda CR-V, Toyota RAV4 or Subaru Forester?
782 messages, Last post on Feb 25, 2009 at 12:24 PM
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Replying to: stevecar (May 17, 2007 11:20 am)  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.
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Replying to: ateixeira (May 17, 2007 12:24 pm) 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.
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Replying to: stevecar (May 17, 2007 11:20 am)
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Replying to: stevecar (May 17, 2007 12:37 pm)  To be fair the Santa Fe has made leaps and bounds from that Sportage (it was pre Hyundai ownership, too). |
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Replying to: varmint (May 17, 2007 12:41 pm) 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.
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Replying to: varmint (May 17, 2007 12:41 pm) 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 
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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. |
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Replying to: stevecar (May 18, 2007 3:58 am) 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.
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Replying to: drwoodr (May 19, 2007 7:47 am)
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Replying to: drive62 (May 21, 2007 6:18 am) If you prefer the Hyundai when its new, and pay more for depreciation, so what? You got a vehicle you liked better, and it's worth it. Why would you buy a car you didn't like (unless affordability was an issue)? Residuals are often quoted at a % of MSRP. That's fine, but it's misleading. For example, let's say you paid $25k for a Mini Cooper when they first came out, to be the first on the block. Retail was $20k. Resale in 2 years might be $18k. Sounds great. The books will say it retained 90% of its value. Incredible. But it only retained 72% of the actual price you paid, and that is the *only* thing that matters. The converse is also true. If you get a $20k vehicle (list price) for $16k, and residual after 2 years is just 60%, or $12k. Thing is, it only cost you $4k in depreciation. About half what the Mini Cooper cost that first-on-the-block sucker who simply overpaid. Doing this sort of math required lots of assumptions, so that's why I say look at residuals, sure, but it's pretty secondary to liking the vehicle more. |
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