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Sedans Hyundai Sonata 2009-2010 Hyundai Sonata
1014 messages, Last post on Dec 02, 2009 at 2:30 PM
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Replying to: macakava (Feb 17, 2008 1:04 pm) The Accord was worth $3300 trade-in and the Sonata was only worth 1/3 of the Accord's value at only $1100. So, even after 10 years and 120,000 miles, there is a major resale value difference. The Accord still has decent value at that age and mileage because people expect an Accord to go between 200K and 300K miles and they expect the Hyundai to be disposable at 100K miles. The Accords get pretty old before their trade-in value drops below $2000.
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Replying to: jaxs1 (Feb 17, 2008 1:14 pm) That's a good example though of how the depreciation difference fades over time. In your earlier example, the difference in value was $4500-5100 for 2006 models. But after ten years, the difference is down to $2200. It doesn't take much of a price difference to make that up, given the time value of money. I'll bet 1998 Accord cost a lot more than $1200, or even $2200, more than a 1998 Sonata. |
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Replying to: jaxs1 (Feb 17, 2008 1:14 pm) I know these are just retained values, which may or may not be representative in the real-world, but it still speaks volume about the improvement of the brand. |
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Replying to: jaxs1 (Feb 17, 2008 10:05 am) |
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http://www.2009sonata.com It hasn't been updated yet. |
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Replying to: backy (Feb 17, 2008 11:29 am) The invoice price of a 2009 Sonata GLS with PEP 2 to make it comparably equipped is $19774, I actually think a GLS with PEP2 purchased for under $20K would be a nice car for that price. But with merely $976 dollars purchase price difference than a new Honda Accord LX-P, the resale will kill you. It will probably take 12-15 years or more for the price difference at resale to get that narrow. There will need to be more than $4000 in incentives to get the selling price down to the below $16K street price needed to make it safe bet for the typical buyer who may want to trade it within 5 years or so. It will probably be into calendar year 2009 before the combination of rebates and incentives might get that big, Maybe a big incentive on a 2-3 year lease would let you lease one for less than much the higher residual Accords and Camrys. The people who may buy a 2009 Sonata in the next few months with only small or no rebates and above invoice pricing are going to be throwing away a lot of money.
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Replying to: jaxs1 (Feb 17, 2008 7:13 pm)
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Replying to: jaxs1 (Feb 17, 2008 7:13 pm) Most of us know the Sonata can go up and take on the rest of the class. So is the price increase justified? I'd like to think so. I mean, take the base trim for example, it goes up by some $750 if I recall correctly, but you'd get so much more compared to the current model; with all of the extra features and arguably a much better visual (subjective), not to mention the power increase, yet still achieving the best fuel economy in the class. Similar case can be made on other trims of the model. The weakening of the dollars may have something to do with this, but perhaps also, it's all about the perception game. I mean, the perception is generally in favor of something more expensive than the cheaper counterpart, because they are more expensive, they percept to be better (psychological effect?). I'd venture to guess Hyundai wants more of the general public to find out perspective consumers are still be able to feel confident about a car even though it may not say a Camry, or an Accord, for example. |
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Replying to: electronix (Nov 14, 2007 3:47 pm)
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