Hyundai Elantra Depreciation: Do They Hold Their Value?
Here's everything you need to know about Hyundai Elantra depreciation: if Elantras hold their value, which years depreciate the slowest, which years depreciate the fastest, and more.
The Hyundai Elantra is one of the most significant affordable cars on the market, offering a safe and feature-filled experience for the typical driver. However, if you want to make the most of your ownership, there’s more to it than that. You must know the depreciation rate for the car. What does this aspect look like for the Elantra?
If you want to learn more about Hyundai Elantra depreciation, it’s critical to gather as much information as possible. The better a vehicle is at retaining its value, the more you can sell it for when you’re done, and the longer it will survive. Keep reading to learn more about whether Elantras hold their value, the best Hyundais for depreciation, and other information.
Do Hyundai Elantras Retain Their Value?
Hyundais are one of the best selections around when considering how they retain their value, which is excellent news for those who want to save money. They are only set to depreciate about a quarter of their value in the first half-decade of ownership.
According to caredge.com, here is an example chart of depreciation for the Hyundai Elantra:
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The Hyundai Elantra is an excellent competitor on the road.
Of course, you must participate in ownership of the Hyundai Elantra. If you maintain your vehicle and drive well, it will last much longer than those who purchase an Elantra and drive it into the ground. You will still have most of the value after five years.
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While Model Years of the Elantra Are Best for Depreciation?
If you care about maintenance to keep up with your Hyundai Elantra depreciation, investing in the correct model year matters. No two years are created equal, and the most dependable selections will keep more money in your car and pocket for the long haul.
The best years for the Hyundai Elantra include the following:
- 2008 Hyundai Elantra
- 2018 Hyundai Elantra
- 2020 Hyundai Elantra
These selections offer the maximum number of years for an effective depreciation.
If you invest in a version of these vehicles used, ensure it goes out for a test drive, or you take it to a mechanic first to ensure it’s in the best condition before making it yours. It won’t help with the maintenance of the vehicle’s value if it’s already starting in terrible condition. Avoid making that mistake.
Which Model Years of the Elantra Are Worst for Depreciation?
Of course, where there is an excellent option, there’s the other side of the scale. Some versions of the Hyundai Elantra have a terrible track record on the road, which means they’re likely to lose their value much faster. We recommend keeping these at arm’s length if possible.
The worst years of the Hyundai Elantra include the following:
- 2009 Hyundai Elantra
- 2010 Hyundai Elantra
- 2012 Hyundai Elantra
- 2013 Hyundai Elantra
- 2017 Hyundai Elantra
These won’t last nearly as long as the others.
There is a solid selection across several years here, so don’t get mixed up and select one simply because it seems newer and cheaper. While these could cost less upfront, the value retention won’t make the investment worthwhile. Stick with the best years.
THE HYUNDAI ELANTRA YEARS TO AVOID
If you’re looking to buy a used compact sedan, you need to know which Hyundai Elantra years to avoid.
Can You Assist with Depreciation?
If you want to make an impact on the Hyundai Elantra depreciation, it’s possible to make small shifts that make it more likely for the value to stay. There will always be natural aging, but it’s possible to put a firm foot in the door.
Some of the best things you can do to assist with depreciation include the following:
- Drive carefully
- Keep up with maintenance
- Prepare your vehicle for the seasons
These will have an excellent impact on depreciation, keeping the value packed in tight for longer.
There will be items out of your control when considering depreciation, so ensure you make wise choices with the upkeep of your vehicle and don’t latch onto the value too much. The more care you can put into your Hyundai Elantra, the slower the rate of depreciation.
HOW LONG DO HYUNDAI ELANTRAS LAST?
If you’re interested in this vehicle, you might wonder - how long do Hyundai Elantras last?
Which Hyundai Holds Its Value the Best?
The Hyundai Elantra is excellent, but maybe you want to invest in the best possible Hyundai to hold its value. There are ample selections for the Hyundai, and most don’t cost too much, especially compared to the competition.
According to iseecars.com, here are some of the best value-holding Hyundai selections:
- Hyundai Veloster N
- Hyundai Veloster
- Hyundai Accent
- Hyundai Santa Cruz
- Hyundai Elantra
These have the highest value retention by far.
The Hyundai Elantra might not be the first selection on the list for available Hyundais, but it does break into the top five. If you want to save money and don’t need too much room in your machine, the Hyundai Elantra is the way to go.
What is the Life Expectancy of a Hyundai Elantra?
If you want a Hyundai Elantra with a focus on effective Hyundai Elantra depreciation, it’s valuable to know the life expectancy of the car. While the Elantra can’t survive as long as some competition, it still puts up an excellent fight.
A standard Hyundai Elantra will last 150,000-200,000 miles with excellent care. That means at least a decade of ownership, contributing to excellent value retention for this affordable selection.
Final Thoughts on Hyundai Elantra Depreciation
Hyundai has long been one of the most affordable car brands, offering a solid combination of features and value. In recent years, their dependability has skyrocketed, leading to an improvement in their value retention. The Hyundai Elantra is one of the best the brand offers.
We hope this information is beneficial, especially if you’re searching for a car within the Elantra brand to make your own. If you put in the effort and purchase a solid year from the market, you can have a valuable vehicle for years.
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