When it comes to choosing between Honda and Hyundai for the best resale value, there are a few things to consider. Both automakers have great reputations in terms of reliability and build quality, but there are a few key differences between them.
One of the main differences is in the price of the vehicles. Honda typically offers more expensive vehicles than Hyundai, so you may have to pay more initially. However, Honda vehicles tend to hold their value better over time, which could end up saving you money if you plan on reselling.
Both automakers offer good value for the money, but Honda’s vehicles tend to be higher-quality and more reliable over the long term. If you’re looking for a car that will last for years to come, Honda is usually a better option than Hyundai.
When it comes to resale value, Honda vehicles tend to fetch a higher price than Hyundai vehicles. This is likely due to their reputation for quality and reliability, as well as their higher upfront cost. The Honda Civic and Honda Accord are both popular cars that hold their value well, and they often command higher resale prices than their Hyundai counterparts.
In terms of overall resale value, Honda has a better reputation than Hyundai. However, Hyundai vehicles are usually less expensive upfront and can be a great option if you’re on a budget. Ultimately, the best option for you depends on what you’re looking for in a car and your budget.
Comparing The Resale Value Of Hyundai And Honda Cars
When it comes to buying a vehicle, the resale value is always a major factor for many buyers. Comparing the resale value of the two major car manufacturers, Hyundai and Honda, can help buyers make a more informed decision.
Both Hyundai and Honda cars offer a great resale value in the used car market. However, Honda cars usually have higher resale values than Hyundai cars. According to the analysis of the National Automobile Dealers Association (NADA) for 2020, Honda cars retain an average of 57.6% of their original purchase price after five years, while Hyundai cars retain an average of 51.2%.
This difference in resale value may be attributed to the overall quality of the vehicles. Honda cars generally have a higher quality than Hyundai cars, with less technical issues and better safety ratings. In addition, Honda cars tend to enjoy higher demand in the used car market, leading to higher resale value.
At the same time, Hyundai cars are also known for their great resale value. Hyundai cars have a reputation for being reliable and affordable, making them popular choices for many buyers. In addition, Hyundai cars tend to have a longer warranty period, which can help increase their resale value.
When it comes to comparing the resale value of Hyundai and Honda cars, it is important to consider the specific model and year of the car. While older models of both manufacturers tend to have lower resale value, newer models of both will usually have higher value. Additionally, the condition of the car and its accessories can also affect the resale value.
Comparison of resale value of Hyundai and Honda cars:
| Brand | Retention After 5 Years |
|---|---|
| Hyundai | 51.2% |
| Honda | 57.6% |
In conclusion, when it comes to comparing the resale value of Hyundai and Honda cars, Honda cars tend to retain a higher value than Hyundai cars. However, it is important to consider the specific model and year of the car, as well as its condition, when determining the actual resale value.
Which Automaker Comes Out On Top In Resale Value: Hyundai Or Honda?
When it comes to resale value, you have a lot of different makes and models to choose from. But, when you compare two of the most popular automakers on the market, Hyundai and Honda, which comes out on top?
The answer is a bit more complicated than you might think. Depending on the model, the answer could vary greatly. So, let’s take a closer look at the different models and how they compare in terms of resale value.
Hyundai offers a wide variety of models, from the entry-level Accent to the high-end Equus. When it comes to resale value, the brand as a whole has an average of 46.7 percent. This means that, on average, you could expect to get 46.7 percent of the original purchase price when reselling it.
| Model | Price Range | Resale Value |
|---|---|---|
| Accent | $14,745 – $20,095 | 44.3% |
| Sonata | $21,150 – $30,900 | 48.1% |
| Azera | $32,250 – $35,250 | 45.7% |
| Equus | $61,250 | 50.9% |
Of course, the resale value of a car also depends on a variety of other factors, such as condition, mileage, and the market. So, these figures should only be used as a general guideline.
Like Hyundai, Honda also offers a wide range of vehicles, from the entry-level Fit to the high-end RLX. The brand as a whole has an average resale value of 46.2 percent. So, it’s slightly lower than Hyundai.
| Model | Price Range | Resale Value |
|---|---|---|
| Fit | $15,990 – $18,590 | 43.9% |
| Accord | $22,105 – $34,680 | 50.4% |
| Crosstour | $27,155 – $34,155 | 44.1% |
| RLX | $49,345 – $60,345 | 50.2% |
Ultimately, which automaker comes out on top in terms of resale value? It’s hard to say definitively, as it really depends on the model and the market. However, it is safe to say that both Hyundai and Honda offer cars with competitive resale values.
Honda and Hyundai are both reliable cars that have proven resale value. However, Honda generally retains its value better than Hyundai, so it may be the better option for resale.
Factors that influence a car’s resale value include make and model, mileage, condition, and features.
Honda is generally seen as having a higher resale value than Hyundai. However, Hyundai often has more features for the same price.
The average resale value for a Honda is generally higher than that of a Hyundai, although this may vary depending on the make, model, and condition of the car.
New cars generally have a higher resale value than used cars, but this is dependent on the make, model, and condition of the car.
The Honda Civic is generally seen as having the highest resale value among Honda models, while the Hyundai Sonata is generally seen as having the highest resale value among Hyundai models.
The Honda Civic and Hyundai Sonata are widely known for their strong resale value. Other models that may have good resale value include the Honda Accord and Hyundai Elantra.
Factors that influence a car’s resale value include make and model, mileage, condition, and features.
The best way to maximize the resale value of a Honda or Hyundai is to keep it in good condition, with regular maintenance, and to keep up with any necessary repairs.
The resale value of each Honda or Hyundai model varies, depending on the make, model, and condition of the car. It is best to research the average resale value of a specific model to get an accurate estimate.
