2021 Hyundai Elantra Price: MSRP, Depreciation, & Trends
2021 Hyundai Elantra by AIMHO’S REBELLION 8490s - CC-BY-SA-4.0
The 2021 Hyundai Elantra is a compact sedan offering one of the boldest designs from the brand. The upscale cabin and sporty exterior design exist to draw attention away from competitors like the Toyota Corolla and Nissan Sentra. Those interested in this machine might wonder - what should you know about the 2021 Hyundai Elantra price?
If you’re interested in learning more about the costs associated with the 2021 Hyundai Elantra, you’re in the right place. The more you know about the costs and price trends of the Elantra, the easier it will be to decide if it’s for you. Read on to learn more about the price, MSRP, depreciation, and various trends of the Hyundai Elantra.
2021 Hyundai Elantra MSRP
Understanding the 2021 Hyundai Elantra price is an excellent way to decide if it’s a practical investment. Some have strict budgets, while others don’t want to spend too much on a car. When combining the MSRP of every trim level of the 2021 Hyundai Elantra, you will find an average MSRP of $21,626.53.
The trim also impacts the MSRP of the 2021 Hyundai Elantra. According to santanhyundai.com, there are four trims available. The SE starts at $19,650, the SEL at $20,900, the N-Line at $24,100, and the Limited sits as the priciest trim at $25,450. The range should be manageable for most people. Below is a complete list of all 2021 Elantra trims, features, and MSRP:
- Elantra SE (MSRP Approx. $19,650): Standard 2.0L engine, advanced safety features including a blind-spot collision-avoidance assist, 8-inch touchscreen display, Apple CarPlay and Android Auto compatibility, and smart safety technology.
- Elantra SEL (MSRP Approx. $20,900): Includes SE features with the addition of Hyundai’s Blue Link connected car system, 16-inch alloy wheels, and optional convenience and premium packages for enhanced comfort and technology.
- Elantra N Line (MSRP Approx. $24,100): Sports a more powerful 1.6L Turbo GDI engine paired with a 7-speed EcoShift Dual Clutch Transmission, unique N Line design elements, 18-inch alloy wheels, and sporty interior touches.
- Elantra Limited (MSRP Approx. $25,450): Boasts a 10.25-inch touchscreen navigation, leather seating surfaces, Hyundai Digital Key technology, enhanced safety features including a more advanced blind-spot monitoring system, and a Bose premium audio system.
- Elantra Hybrid Blue (MSRP Approx. $23,550): Features a hybrid powertrain with a 1.6L engine, offering exceptional fuel efficiency. Comes equipped with a 6-speed EcoShift Dual Clutch Transmission, smart regenerative braking, and standard safety and tech features.
- Elantra Hybrid Limited (MSRP Approx. $28,100): Includes all Elantra Hybrid Blue features, along with additional luxuries like a larger 10.25-inch digital instrument cluster, leather seating, Hyundai Digital Key, enhanced Blue Link services, and a more comprehensive suite of safety technologies.
Some car shoppers have a specific budget they must stay under when buying a new vehicle, while others don’t want to spend their entire paycheck on a down payment. Whatever the case, finding a 2021 Hyundai Elantra and understanding the MSRP will make your choices much simpler. Also, you can save by sacrificing some features with a lower trim.
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Why Is the Elantra MSRP So Low?
Hyundai is known for offering the most affordable cars, and the Hyundai Elantra Sport is one of their bestsellers. It might seem strange that the Elantra continues to hold such a low price, especially with the rise in other vehicle costs. There is a reason behind the cheaper price.
Typically, the low cost in the Elantra comes from the following:
- Mass production from Hyundai
- Purposeful pricing to capture share of market
- In-house made engines
- Attractive rebates and incentives on new cars
These work together to make the Elantra an affordable machine.
Some might be nervous about the cheaper cost of the Elantra, but low-priced materials don’t necessarily mean a poorly made machine. Hyundai cars are known to be very reliable. You might get outdated technology and fewer features inside the car, but you won’t have to pay as much to put it in your driveway.
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2021 Hyundai Elantra Depreciation
Depreciation is a valuable variable to ponder before purchasing a vehicle. Ideally, your Elantra should be able to hold its value for a long time, keeping you on the road and offering an excellent payment if you decide to sell it. Also, it won’t cost too much if it has a solid depreciation factor.
According to caredge.com, here is what you can expect with the 2021 Hyundai Elantra depreciation:
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The residual will remain at 78% by the time you hit the fifth year, then the rate will speed up.
The value will fall, but the Hyundai Elantra is a pretty solid selection if you want something that retains its value. Expect a decent resale value if you plan on selling your Hyundai Elantra after half a decade.
2021 Hyundai Elantra Trends
Before buying a car, take a look at the price trends. Sometimes, the market will warp even the most affordable machines so that the price they are at now is far above what it should be based on costs in previous years.
Here is the trend for the 2021 Hyundai Elantra tool based on the CoPilot Price Pulse tool:
The car has come down but is still way above the predicted price point.
In November of last year, the price of the 2021 Hyundai Elantra was almost $10,000 above what it was predicted to be. In a year, the price is only $4,002 above the predicted value or an increase of 24%. While that still isn’t great, it’s good that the cost is finally trending downward. Hopefully, the next few months will see a fall even closer to the predicted value.
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Does the Hyundai Elantra Hold Its Value?
The 2021 Hyundai Elantra price will drop about 22% in the first five years, which provides a solid outcome for the machine when considering the rate of depreciation. There are certainly some cars that hold better resale, but the Elantra is an excellent choice and is built to survive for such an affordable price point. Hyundai has stepped up their game over the years.
The main reason for the survival ability of the Hyundai Elantra is its reliability. With minimal repairs and complaints, the car doesn’t have to go into the shop as often and thus will retain its structural integrity with ease. The 2021 Hyundai Elantra is a solid choice for resale value if you can’t spend too much on your sedan.
Final Thoughts
Consider the price point before buying. This statement applies to the 2021 Hyundai Elantra. The more insight you gather on MSRP, depreciation trends, and other valuable price shifts, the easier it will be to decide if it’s ideal for your life or if you should go elsewhere for a similar vehicle.
We hope this information helps as you look for your next vehicle! Whether you’re looking at the Hyundai Elantra or the Ford Mustang, price points will often make or break a decision on the road. If the Elantra isn’t ideal or you aren’t a fan of the depreciation value, you can always look elsewhere before investing in a car.
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