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Hatchbacks Hyundai Accent 2007 Hyundai Accent v 2007 Toyota Yaris Lift
442 messages, Last post on Aug 31, 2008 at 8:32 AM
You are in the Hyundai Accent Forum. Your Host is pf_flyer
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Replying to: backy (Dec 16, 2006 10:32 am) The fact remains that Hyundai's resale is terrible. My neighbor received this response from numerous dealers: "nobody wants a 4+ year old Hyundai...once the B2B warranty wears out...nobody trust them...they don't hold value because after 60K they just wear out." One dealer (the Toyota dealer he purchased his new Camry from) told him he can't seem to sell used Hyundai's with the 2.7l because after 40K, they make an awful ticking sound when starting up...apparently it sounds like a diesel engine and customers are turned off by them...wonder why. In addition, anyone with any experience with dealers or with trading in cars knows that KBB isn't even close to fairly representing what a car is worth, save for a Honda or Toyota. Edmunds trade in value for his 2002 Sonata is $5357. He might have gotten more than the offered $4200 had the car not completely fallen apart after 30K miles. Getting back on track: If potential buyers only want to hold onto their car for 6 years or less, resale value is going to be a big factor. Thus the Yaris might be the better pick in comparison to the Accent, a car notorious for having a very poor resale value. Calling resale a "moot point" because you plan on keeping the car for 12 years (you'd be lucky to get 8 out of the Accent)is like trying to argue A/C isn't needed because you live in Minnesota.
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Replying to: brettes23 (Dec 15, 2006 3:37 pm)  I did mention, however, the Accent with better handling, specifically the SE 3 door version, something I came away with after test driving the Yaris and Accent back-to-back. By the way, just in case you haven't figured out yet, that "challenge" I posted was rhetorical.
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Replying to: germancarfan1 (Dec 16, 2006 2:57 pm) 2) You solution may be something to the effect of a lease? If you had told me Hyundai's resale value was terrible ten years ago, or even five, then I would have agreed with you. However, the current Hyundais, even the outgoing generations, have all had improved resale, holding their values relatively well. While overall, they are still below average in the industry, it is improving at a dramatic case, and this is the case across the lineup, especially at a time when Hyundai has committed to making quality and reliability its top priorities - something we are seeing on the new Hyundais. Keep in mind, perceptions -> resale values don't change overnight; they take time, and FWIW, Hyundai has made tremendous strides to become where they are today. Terrible resale values? Nope, no longer.
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Replying to: joe97 (Dec 16, 2006 5:36 pm) 5 of the 10 cars on the top 10 worst resale value list are made either by Hyundai or Kia (2006 Accent being #2). http://www.edmunds.com/reviews/list/top10/115613/article.html No longer, huh? Hyundai has a long, long way to go. Let us compare the trade-in values of a used 2006 Hyundai Accent versus that of a used 2006 Toyota Corolla CE (no data on Yaris is available because it's a 2007, but Toyota models accross the line, even the ill fated Echo pretty much maintain the same resale value percentage) NEW 2006 Accent GLS 5-speed Edmunds TMV: $12,443 (includ. dest) USED 2006 Accent GLS 5-Speed Edmunds trade-in value: $9303 1 year depreciation: 25% NEW 2006 Toyota Corolla CE 5-speed Edmunds TMV: $13,243(including the SMALLER $500 rebate that was offered 1 year ago, not the larger $750 rebate offered today on 2006 models) USED 2006 Toyota Corolla CE 5-speed Edmunds trade-in value: $11358 1 year depreciation: 15% Why anyone would purchase a new Hyundai model without significant rebates is beyond me. Makes poor financial sense. The numbers speak for themselves Arguing that Hyundai models have decent resale value is a moot point.
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Replying to: germancarfan1 (Dec 16, 2006 2:57 pm) But back to the Yaris vs. Accent. Do you know the projected resale values for the 2007 Accent and Yaris, as a percentage of MSRP, from an expert source? For instance, the value after 5 or 6 years? I can't find that info. If we knew, we could do a fact-based comparison instead of talking about the resale prices of a single used Sonata or Elantra.
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Replying to: germancarfan1 (Dec 16, 2006 6:09 pm)
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Replying to: backy (Dec 16, 2006 7:06 pm) The point of my original post was that dealers give disproportionaly low trade-in values for Hyundais period. Most dealers will not even give the Edmunds trade-in value (evidenced by my neighbor's offer of more than 1K under edmunds' already low value) because, frankly, nobody wants a Hyundai that has no warranty. Ask your dealer, you'll get the same response. Unfortunately, most people must resort to trading in their vehicle at the dealer. Not everyone is as fortunate as you to have a unknowledgable sister you can rip off. The Accent has poor resale. Edmunds, ALG and my own figures point this out. There is nothing to debate. The Accent might have positive attributes, but resale certainly isn't one of them.
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Replying to: backy (Dec 16, 2006 7:13 pm) How about a "better" case senario. 2002 Accent versus 2002 Toyota Echo (both roughly same original TMV) Accent trade-in value: $3000 Echo trade-in value: $5776 Which would you rather trade-in? (I pray I wouldn't own either but that's neither here nor there)
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Replying to: germancarfan1 (Dec 16, 2006 8:15 pm) 2001 Elantra GLS Light brown 45000 miles check options: cruise, keyless entry Outstanding condition See what you get. Due to variations around the country, your zip code will probably return a different answer than mine, but it should be close to $5,173 for private-party sale. At the time I sold the car, 9 months ago, the TMV was around $5900. Yes, my sister, who is a very sharp businesswoman and tough negotiator, thinks I am a very nice guy for selling her a great car at a fair price. If she didn't want it, I had another offer for $50 more, but I sold it to her because she needed a good car. Now can you knock off the personal attacks and stay on topic, for once??
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