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Hatchbacks Hyundai Accent Hyundai Accent Real World MPG
84 messages, Last post on May 03, 2009 at 1:13 PM
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Looking over the user supplied MPG numbers for the Accent vs. the FIT. If you compare users and their driving habits, which is limited to breaking down the miles driven by city/hwy you can see that the average is higher for the FIT partially because the driving habits of those reporting data have more highway miles than city driving. There is also more data because there are more FIT owners reporting their fuel economy. I don't see a problem with Accent numbers. There are WAY too many variables that dictate what a user is getting to draw large sweeping conclusions from one user. From looking at the weight, engine and gearing it is pretty obvious that the two vehicles should be within a 1-3mpg difference of each other. The FIT has the advantage. If there are larger numbers than that, there is something wrong with the vehicle, or you are driving in unusual conditions that don't reflect the average user. If you consider that the street price of the FIT is $3000-$6000 higher, depending on configuration, that difference obviously doesn't favor the FIT in terms of cost of transportation. Even if you figure the lower side of the cost differential up-front ($3000) and the Maximum difference in terms of efficiency (3MPG  $4.00/gal), at 15,000 miles per year you have a $163/year difference in gasoline paid per year (favoring the FIT) and a $696/year extra cost in the vehicle favoring the Accent. I figured the cost of money amortized over five years 6% interest. The payment would be $58 per month to pay for the extra cost of the FIT. The fuel savings if it gets 3MPG better than the Accent would only be $14.25 per month $4.00/gallon. The FIT cost an extra $44 per month due to the up-front premium cost of the vehicle. I think that is a fair comparison both in terms of the market cost of the vehicles (what you can actually buy them for), the cost of money considered on a conservative metric, and the cost of gas (best guess on this one). If you drive a LOT more than 15,000 miles a year the numbers get a little better for the FIT but not enough to overcome the up-front cost difference. If gasoline drops back below $4/gallon that will favor the Accent. If you plan to sell the car in a couple years, the resale value favors the Honda but when you consider the up-front cost, the better resale value is largely negated. I can buy the Accent for less than $10,000 out the door, sales tax and all related dealership cost. The cheapest I've been quoted on the Honda is $16,250 out the door. That is a $6250 difference in price that wouldn't be made-up even if the price of gas quadrupled to $16/gallon and if the Accent got 6MPG worse fuel economy. Even under those conditions, the Accent is cheaper.
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Replying to: kevperro2 (Jul 23, 2008 9:27 am) On a seperate note, while my Accent was a very nice and reliable car without any problems, I just sold it on eBay and went backwards to a 2003 VW Jetta TDI Diesel because I am making my own alternative fuel for both it and my Passat at $0.46/ gallon and getting 45- 50 mpg. Sorry, I'm not bragging but doing the math, it didn't make sense to keep the Accent even with the 100,000 mile warranty, which BTW become 60,000 miles for subsequent owners despite what some sellers on eBay will tell you. All in all, if you don't have access to used french fry oil, an Accent is fine car to drive. Just don't believe the EPA estimate sticker unless you plan to drift down hills in neutral like I did on the interstate ( in clear weather only), in which case you can EXCEED the EPA highway estimates by 2 - 3 mpg's. Bye ,. bye.
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Replying to: wantecon (Jul 23, 2008 1:33 pm)
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Replying to: backy (Jul 23, 2008 2:51 pm)
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Replying to: wantecon (Jul 23, 2008 5:13 pm) Maybe it's what they call in the trade a "loss leader"? Anyway, it's clear that even if the $6,899 offer has special conditions, the Internet pricing is available to anyone who asks for it. Example: GS invoice: $11,160 Less $1,600 = $9,560 Less rebate ($1000 in NJ; it's $1500 in some other states): $8,560 More than enough room to get OTD for under $10k.
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Replying to: backy (Jul 23, 2008 5:27 pm)
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Replying to: wantecon (Jul 23, 2008 6:50 pm) You can dispute hard facts all you want. The point is, you are wrong (as in, W-R-O-N-G). It is very possible to buy a new Accent for under $10k. Go to the Towne Hyundai web site, look at their Internet pricing on the Accent, published for all to see, look up the invoice price on the Accent GS (here at Edmunds.com for example), and you can verify this fact for yourself. Reality has set in. You simply refuse to acknowledge it. You also may not be aware that used fuel-efficient cars are often selling for more than new models now. I think that's very odd, but I've confirmed it via multiple reports here as well as by checking pricing in my own town. For example, dealers in my area are routinely charging more than current MSRP for used Civics. And I see that even used 2008 Sonata GLSes with 20k miles or more are selling for what I could get a new 2009 (a better car at that) for at dealers like Towne. Go figure. So in today's world, getting $9400 for your Accent isn't all that exceptional, and in fact you said that yourself in that you sold it for well under KBB value. Why, I don't know. Maybe you've heard: gas is $4 a gallon, and small cars are in immense demand. Maybe you should have asked over KBB for your Accent? Next topic?
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Replying to: backy (Jul 24, 2008 4:47 am)
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Replying to: wantecon (Jul 23, 2008 5:13 pm) Sorry my friend, but in Pensacola, FL they are selling for well under the 10K figure, and even the Elantra is under 10K, so you haven't been doing your homework in shopping around. Along the FL panhandle and into Mobile AL they are doing a booming business selling them under the 10K prices. van |
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Replying to: wantecon (Jul 24, 2008 5:51 am) |
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