Paid close to $18000 in 5 years value down to about 1/3.

That seems like a steep drop ; why do u suppose Hyundais dont hold
their value too well ?

____________________________________________
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Dave in Lake Villa wrote:
> That seems like a steep drop ; why do u suppose Hyundais dont hold
> their value too well ?

Reputation for poor quality, hopefully, from the past. I've heard the
early Hyundai's were really pretty bad. I have an 06 Sonata and it has
been very reliable thus far. Quality is pretty good, but the interior
plastics on the dash are pretty chintzy and scratch very easily.
Otherwise, quality seems decent, particularly for the price of the vehicle.

Matt

"Dave in Lake Villa" <DaveInLakeVilla@webtv.net> wrote in message
news:9275-4527A06E-2062@storefull-3235.bay.webtv.net...
> That seems like a steep drop ; why do u suppose Hyundais dont hold
> their value too well ?
>

IMO, that is not all that bad. Take a look at other 5 year old cars and
compare selling price to sticker price. My 2001 Buick LeSabre is showing a
retail sale value of about 1/3 of the sticker price. Trade in value about
60% of that according to KBB, but even less in reality since mine is high
miles. .

Getting back to Hyundai, they had a poor reputation for many years. Ask
anyone that owned on from the 1980's and see what condition it was in after
a few years. So it may have been many years ago, but reputations take a
long time to change. If you asked me even a few months ago, I laughed at the
idea of buying a Hyundai. Like the ads say "rethink everything" so I did
and found the car to be stylish, seemingly well made, a good value for the
money.

What changed my mind about the car? The owners of my company were on a trip
and had a Sonata as a rental. They were impressed with everything about it
and thought it was much better than the typical Impala or Taurus they would
usually rent. Given their high marks (they normally drive Lexus, Audi,
Corvette, Avalon) I thought it deserved a check out. I did so and was
impressed.

Also, I never liked the styling of the older Sonata. Just my opinion, but
it was nothing I would consider. IMO, all the new Chrysler cars should be
trashed also. I'd not buy a new Camry because the new front end is ugly
too. Obviously, others like and buy them but people even buy maple walnut
ice cream so there is no accounting for taste.

Did I consider resale value in my purchase? Since I keep cars for a long
time, no. My '91 Regal was worth the $1 they gave me for a trade and it was
easy to dispose of that way.
--
Ed
http://pages.cthome.net/edhome/

Edwin Pawlowski wrote:

> Also, I never liked the styling of the older Sonata. Just my opinion, but
> it was nothing I would consider. IMO, all the new Chrysler cars should be
> trashed also. I'd not buy a new Camry because the new front end is ugly
> too. Obviously, others like and buy them but people even buy maple walnut
> ice cream so there is no accounting for taste.

Likewise. The older Sonata's (and Hyundai's in general) had terrible
styling. They looked like a poor copy of a Jag in the front and I'm not
sure what in the back, maybe a candy bar that was in the sun too long.
I didn't like the "melted" look at all. It reminded me a little of the
original Ford Taurus ... butt ugly.

Yes, why would anyone eat maple walnut ice cream when you can have good
natural vanilla bean or strawberry? :-)


> Did I consider resale value in my purchase? Since I keep cars for a long
> time, no. My '91 Regal was worth the $1 they gave me for a trade and it was
> easy to dispose of that way.

Same here. I tend to keep vehicles until the wheels fall off. I hope
the Sonata holds up as well as my Chevy and Chrysler vehicles have held
up. So far, so good, but 13,000 miles isn't enough to make a judgement.

Matt

'Ask anyone that owned on from the 1980's and see what condition it was
in after a few years. So it may have been many years ago, but
reputations take a long time to change. If you asked me even a few
months ago, I laughed at the idea of buying a Hyundai. Like the ads say
"rethink everything" so I did and found the car to be stylish, seemingly
well made, a good value for the money.'

REPLY: I had a feeling it was about the earlier Hyundais ; yes, ive
heard aweful stories on that era Hyundai. Before i bought my 2002
SantaFe and a 2004 SantaFe for my elderly mom, i looked intently into
Toyotas RAV4 as it seems to have a much lower depreciation rate . But, I
just could not see spending the additional money for the RAV4 which had
less of a motor, less equipment, and less of a warranty . I didnt think
it was as stylish as the SantaFe either. I made good decisions as both
SantaFe's have been very reliable, practical, and fun to drive.

____________________________________________
Featured Best Seller Book : "I Don't Have Enough Faith to Be an Atheist"
(a fair appraisal of what Atheists DO believe in for their worldview).
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____________________________________________

"Matt Whiting" <whiting@epix.net> wrote in message
>
> Same here. I tend to keep vehicles until the wheels fall off. I hope the
> Sonata holds up as well as my Chevy and Chrysler vehicles have held up.
> So far, so good, but 13,000 miles isn't enough to make a judgement.
>
> Matt

I guess we won't know for sure for a long time. I was unhappy with my last
GM car and decided to go this way instead. But it will be a couple of years
to know for sure if it was a good decision. I'll probably hit 2000 miles
tomorrow.

I remember my father buying cars in the 50's and 60's and going back to the
dealer a week or two later with a list of 10 or 15 items to be fixed. Then
again in another few months with something else. So far, I have zero.

Resale value only actually matters if you intend to sell it. I plan to
keep mine for at least 10 years at which point it won't have any value
anyway. But that's OK. I don't look at my car expecting it to hold
value. I expect it to start when I want it to and not break down, and
perhaps be fun to drive.

It's transportation, not an investment.

My last car -a Toyota Corolla- was almost 12 years old when I bought my
06 Sonata. The Hyundai dealer wanted to give me 600 bucks for it.
Ended up selling it myself for more a little money but it was a 12 year
old car with a lot of miles. What IS that worth? Not a lot. Not even
a Toyota holds value.

In 2016, I bet my Sonata ends up being worth the same 600 bucks.

Edwin Pawlowski wrote:

> "Matt Whiting" <whiting@epix.net> wrote in message
>
>>Same here. I tend to keep vehicles until the wheels fall off. I hope the
>>Sonata holds up as well as my Chevy and Chrysler vehicles have held up.
>>So far, so good, but 13,000 miles isn't enough to make a judgement.
>>
>>Matt
>
>
> I guess we won't know for sure for a long time. I was unhappy with my last
> GM car and decided to go this way instead. But it will be a couple of years
> to know for sure if it was a good decision. I'll probably hit 2000 miles
> tomorrow.

The last GM car I owned was a 1979 Chevette. :-) However, my 94 K1500
really has been, as the commercials said, "Like a rock." It is 12 years
old and has been used pretty hard hauling firewood and plowing a 1700'
long driveway. It only has 95,000 miles as much of its work has been
"off road" where the miles don't rack up that fast. Other than a
pushrod that failed early during warranty (5200 miles) and a u-joint I
had to replace in the front driveshaft a couple of years ago (dur to
snow plowing most likely), it has been rock solid.

It hardly even shows any rust yet after driving in PA nad NY road salt
all these years. I see Nissans and Toyota's of this vintage and the
fenders are falling off of them.

I'll almost certainly buy another Chevy truck, but I expect to get 20
years out of this one at the rate it is going so my next truck will be
well into the next decade.


> I remember my father buying cars in the 50's and 60's and going back to the
> dealer a week or two later with a list of 10 or 15 items to be fixed. Then
> again in another few months with something else. So far, I have zero.

Yes, I've also had zero defects of this nature (assembly issues) with my
Sonata. I have several issues with many aspects of its design, but
these aren't things the dealer can fix.

Matt

PMDR wrote:

> Resale value only actually matters if you intend to sell it. I plan to
> keep mine for at least 10 years at which point it won't have any value
> anyway. But that's OK. I don't look at my car expecting it to hold
> value. I expect it to start when I want it to and not break down, and
> perhaps be fun to drive.

Actually, it also matters if your car gets totaled in a wreck as my
minivan did last December. The insurance payout is based on the market
value of the vehicle in most cases (I guess some policies can be had now
with replacement cost coverage, but I've never had one). So,
depreciation could hurt a lot in that case as well as the trade-in case.

Matt