Hyundai Resale Value

To get the best value for your Hyundai, you should sell it within three to five years of ownership.
Written by Kaitlin May
Selling your
within three to five years of ownership will increase the odds that you’ll get up to 60% of its original value upon resale. 
  • Hyundai vehicles have the greatest resale value in the first three to five years of ownership—up to 60%! 
  • Your Hyundai’s resale value begins to depreciate the minute you drive it off the lot
  • Your Hyundai’s condition, mileage, and demand in the market all impact your car’s worth

Determining your Hyundai’s resale value

From road trips to congested commutes, you and your Hyundai have been through a lot together. While you can’t put a price on nostalgia, you can calculate your Hyundai’s resale value based on several factors: 
  • Depreciation: Before the ink was even dried on your Hyundai contract, its value depreciated. While a Hyundai holds a decent amount of value over time, certain models can depreciate by up to 65% after three years of ownership.
  • Mileage: Your car’s mileage has an immediate impact on its condition, and if you’ve racked up 100,000 miles or more, you might run into trouble in the resale process. It’s ideal to maintain a limit of 12,000 to 15,000 miles per year of ownership.
  • Accident history: They may be unavoidable, but accidents can put a dent in your Hyundai’s resale value. Even if your car has been fully restored, its value can drop between 15% and 30% after an accident.
  • Model popularity: Do you have a hatchback or compact SUV? You’ll have an easier time selling those popular Hyundai models at a better price. Popular models like
    Hyundai Accent,
    Hyundai Kona
    , and
    Hyundai Tucson
    tend to maintain their value due to demand in the market as well.
  • Interior and exterior conditions: How well did you maintain your Hyundai? The newer your car looks, the more profit you can pack into its price tag. Dents, dings, interior blemishes, and neglected repairs will drive down your car’s value.

Resale value vs. trade-in value

and resale cars have pros and cons, so let’s dive into their differences.
A trade-in is an amount a dealership will give you in exchange for your used car, but it’s typically not a cash payment. Instead, they’ll put that amount against a new car purchase from their dealership. 
Resale can lead to a greater financial payoff, but it takes more leg work to pull off a private sale. Imagine your car being auctioned off to strangers—they’ll be looking at its age, condition, and mileage under a magnifying glass. 
While a dealership can give you feedback and direction to get your Hyundai up to its standards, you’ll be on your own in sprucing up your ride for a resale.

Knowing your Hyundai’s MSRP

How much was your Hyundai worth when you first got a whiff of its new car smell? Before you head into a resale or trade-in, you’ll need to know what your Hyundai’s original MSRP was. 
Whether you drive a Hyundai Palisade or Hyundai Elantra,
check out this guide
from Kelley Blue Book to pinpoint your Hyundai’s MSRP so you can see where you stand from a price standpoint.
Key Takeaway It’s important to know your Hyundai's worth based on its MSRP, interior and exterior condition, accident history, age, and model type before you venture out to sell it.

How wear and tear affects a Hyundai’s value

Your car’s condition is not only one of the most essential factors in determining its resale value, but it’s also largely within your control. 
Following the
recommended maintenance schedule
can improve your Hyundai’s resale value. On the other hand, if the buyer of your car has to pay for wear and tear repairs, your Hyundai’s value will plummet.
It’s been said that for every $5,000 in repairs due to an accident or other causes, your vehicle’s value will be reduced by $2,500. That’s half. 
Whether you’re planning to sell your car independently or offer it up as a trade-in, you can use
Hyundai’s wear and tear guide
to estimate the damage.

How to calculate the resale value of your car

While your car’s journey and each Hyundai model will be unique, it’s possible to estimate how it stacks up in terms of resale value. Use this
handy tool
to calculate your car’s value.
To get a more general idea of how your car compares to other Hyundai models, you’ll need to start by determining the depreciated value. As it stands now, Car Edge rates the 2019 Hyundai as the model year with the best resale value, generally retaining 83% of its value—and offering the best deal for your money. 
Let’s take a closer look at how Hyundai models depreciate over time with some real-life examples:
  • Example 1: Let’s say you bought a 2019 Hyundai Kona EV for $31,672. After driving it for three years at 12,000 miles per year, it will retain 63.72% of its value, and you can resell it for $20,239. 
  • Example 2: If we apply the same conditions to a Hyundai Kona example, the numbers will look slightly different. Your Kona’s original MSRP of $26,627 will depreciate over three years to a resale value of $16,967. 
Keep in mind that while the model year plays a large role in determining your Hyundai’s resale value, additional factors like your Kona’s condition can drastically affect the final price tag.

The bottom line: is my Hyundai worth reselling?

Now that you know your Hyundai’s MSRP, depreciation, condition, and mileage—it’s time to face the music. If your car is in great cosmetic shape, has less than a 15,000 mile-per-year average, was new within the last three to five years, and happens to be a compact/midsize SUV or a hatchback, you can get a substantial payout in a private sale.
If your Hyundai only meets one or two of those criteria, you may want to consider making some last-minute tweaks to increase your odds of a smooth resale.
Before you dive into a resale endeavor or hand off the keys to the new owner, make sure you follow these steps to prepare your Hyundai for resale: 
  • Get your car detailed: Cleaning even the tiniest crevices can help restore your Hyundai to that new-car look (or as close to it as you can get).
  • Get routine maintenance done: This includes having your fluids up to par, oil changed, tires rotated, and alignment balanced before you stick on the “for sale” tag.
  • Round up the original parts: Any manuals, keys, and accessories that accompanied your Hyundai when you first brought it home should go with it to its next owner.
Getting these ducks in a row will position you to get a substantial return on your investment, and make the new owner feel reassured that you took great care of their new-to-them Hyundai.
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The Hyundai Tucson holds on to residual value longer than other models. Honorable mentions are the Hyundai Accent, Hyundai Kona, and Hyundai Kona EV.
Your Hyundai’s value is determined by factors like depreciation, mileage, condition, and more. In the meantime, you can see what your Hyundai is appraised for with this
helpful tool
from Edmunds.
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