While your SUVs value begins depreciating the moment you drive it out of the dealership, selling your Hyundai SUV between three and five years of ownership can get you more than 60% of its original value.
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Remember, time isn’t the only factor.
Demand, mileage, and many other factors impact your vehicle’s worth.
So, how reliable is your Hyundai SUV?
Let’s find out.
First, here’s a rundown of the Hyundai SUV lineup (past and present).
1. Depreciation Per Year for Hyundai Kona
The Hyundai Kona depreciates by 33% after five years.
It also has a five-year resale value of $18,782.
Let’s look at its depreciation rate in a ten-year range, assuming that its selling price is $28,109 when new.
- One-year-old Hyundai Kona losses $1,363, which is a 4.9% value loss
- Two-year-old Hyundai Kona losses $4,070, which is a 14.5% value loss
- Three-year-old Hyundai Kona losses $5,459, which is a 19.5% value loss
- Four-year-old Hyundai Kona losses $6,010, which is a 22.4% value loss
- Five-year-old Hyundai Kona losses $9,327, which is a 33% value loss
- Six-year-old Hyundai Kona losses $10,996, which is a 39.2% value loss
- Seven-year-old Hyundai Kona losses $12,365, which is a 44% value loss
- Eight-year-old Hyundai Kona losses $13,830, which is a 50.2% value loss
- Nine-year-old Hyundai Kona losses $13,906, which is a 50.8% value loss
- Ten-year-old Hyundai Kona losses $15,713, which is a 66.9% value loss
From the above data, you can save $4,070 when you buy a two-year-old Kona compared to purchasing a new one.
You can see more here about problems to expect from the Hyundai Kona.
It’s also evident that your vehicle will cost half the initial cost after eight years of use.
2. Depreciation Per Year for Hyundai Venue
The Hyundai Venue is another SUV with a fair depreciation value.
A Hyundai Venue depreciates by 33% after five years of use.
It also has a resale value of $15,680.
Let’s look at the expected depreciation rate for the next ten years, assuming it has a selling price of $23,466 when new.
- One-year-old Hyundai Venue losses $1,138, which is a 4.9% value loss
- Two-year-old Hyundai Venue losses $4,398, which is a 14.5% value loss
- Three-year-old Hyundai Venue losses $4,557, which is a 19.5% value loss
- Four-year-old Hyundai Venue losses $5,017, which is a 22.4% value loss
- Five-year-old Hyundai Venue losses $7,786, which is a 33.3% value loss
- Six-year-old Hyundai Venue losses $19,180, which is a 39.2% value loss
- Seven-year-old Hyundai Venue losses $10,323, which is a 44% value loss
- Eight-year-old Hyundai Venue losses $11,545, which is a 50.2% value loss
- Nine-year-old Hyundai Venue losses $11, 609, which is a 50.5% value loss
- Ten-year-old Hyundai Venue losses $13,117, which is a 66.9% value loss
That’s not bad when you compare it to depreciation on Honda SUVs.
From the above data, you can save up to $4,557 when you buy a three-year-old Hyundai Venue, compared to buying a new one and still getting a steady vehicle with plenty of life.
Here’s a rundown of Hyundai Venue problems to expect.
The vehicle can live up to nine years and still give you a 50% of the cost price.
3. Depreciation Per Year for Hyundai Tucson
The Hyundai Tucson depreciates much slower than its smaller brothers.
This is mainly contributed by the fact that it is a popular vehicle with great features.
The Hyundai Tucson depreciates by 23% after five years.
It also has a five-year resale value of $26,487. Let’s look at its depreciation on a ten-year scale, assuming it has a selling price of $34,425 when new.
- One-year-old Hyundai Tucson losses $4,358, which is a 12.7% value loss
- Two-year-old Hyundai Tucson losses $5,164, which is a 15% value loss
- Three-year-old Hyundai Tucson losses $5,878, which is a 17% value loss
- Four-year-old Hyundai Tucson losses $6,456, which is a 19% value loss
- Five-year-old Hyundai Tucson losses $7,789, which is a 23.9% value loss
- Six-year-old Hyundai Tucson losses $10,834, which is a 32% value loss
- Seven-year-old Hyundai Tucson losses $9,890, which is a 37% value loss
- Eight-year-old Hyundai Tucson losses $12,606, which is a 44% value loss
- Nine-year-old Hyundai Tucson losses $16,560, which is a 50.7% value loss
- Ten-year-old Hyundai Tucson losses $17,500, which is a 53.8% value loss
These are the first typical problems with a Hyundai Tucson.
From the data above, selling your one-year or two-year-old Hyundai Tucson isn’t worth it. You end up losing a lot of money even though the vehicle is fairly new.
It’s also worth noting that there isn’t a significant difference between selling the vehicle at one year old and selling it at three years old. You’ll likely part with the same amount.
However, it’s different for buyers as they save significant money while accessing a relatively new vehicle.
4. Depreciation Per Year for Hyundai Palisade
The Hyundai Palisade depreciates up to 30% after five years.
It also has a five-year resale value of $31,580.
Let’s discuss these numbers based on a ten-year timeframe, assuming that the vehicle has a selling price of $47,261.
- One-year-old Hyundai Palisade losses $2,292, which is a 5% value loss
- Two-year-old Hyundai Palisade losses $6,843, which is a 14.5% value loss
- Three-year-old Hyundai Palisade losses $9,878, which is a 19.5% value loss
- Four-year-old Hyundai Palisade losses $10,104, which is a 21.4% value loss
- Five-year-old Hyundai Palisade losses $15,681, which is a 30% value loss
- Six-year-old Hyundai Palisade losses $17,889, which is a 38.2% value loss
- Seven-year-old Hyundai Palisade losses $20,790, which is a 45% value loss
- Eight-year-old Hyundai Palisade losses $22,340, which is a 50.2% value loss
- Nine-year-old Hyundai Palisade losses $23,230, which is a 50.9% value loss
- Ten-year-old Hyundai Palisade losses $25,450, which is a 65.9% value loss
Please also check out our article about the best and worst years for the Hyundai Palisade.
From the above data, you can save up to $6,843 when you buy a two-year-old Hyundai palisade.
However, you can save even more when you buy a three-year-old Palisade, as it will save you an additional 3,000 dollars while still giving you a vehicle with useful life.
5. Depreciation Per Year for Hyundai Santa Fe
The Hyundai Santa Fe depreciates by 40% after five years.
It also has a five-year resale value.
Let’s look at the depreciation for the next ten years, assuming the vehicle sells for $38,167 when new.
- One-year-old Hyundai Santa Fe losses $2,393, which is a 6.3% value loss
- Two-year-old Hyundai Santa Fe losses $4,780, which is a 14% value loss
- Three-year-old Hyundai Santa Fe losses $7,200, which is a 15% value loss
- Four-year-old Hyundai Santa Fe losses $9,017, which is a 24% value loss
- Five-year-old Hyundai Santa Fe losses $15,450, which is a 40% value loss
- Six-year-old Hyundai Santa Fe losses $16,670, which is a 44% value loss
- Seven-year-old Hyundai Santa Fe losses $17,440, which is a 48% value loss
- Eight-year-old Hyundai Santa Fe losses $18, 550 which is a 50.2% value loss
- Nine-year-old Hyundai Santa Fe losses $20,359, which is a 55% value loss
- Ten-year-old Hyundai Santa Fe losses $23,050, which is a 61% value loss
From the data above, the depreciation seems to stall between five and seven years.
These are the most typical Hyundai Santa Fe problems across the models.
That means buyers and sellers can benefit mutually from selling or buying the vehicle at this age.
If you wait too long, maybe ten years to sell the vehicle, you may sell it for a little less than 40% of the total value.
Do Hyundai SUVs Depreciate Faster Than Other Brands?
Hyundai SUVs hold a decent amount of value over time compared to most of its competitors.
Certain models also enjoy high resale value in the used car market.
However, your vehicle depreciates based on its mileage, how you use it, model popularity, interior and exterior conditions, and accident history.
Here’s data on how long SUVs last.
Which Models Depreciate The LEAST?
The Hyundai Palisade and Tucson seem to depreciate much slower than other models.
That’s because everyone wants a Tucson or a Palisade.
All Palisades and Tucsons are made in 2020 have an excellent residual value of above 80%. You can also get the 2018 and 2019 models, especially if you’re on a tight budget.
You will likely have an easy time shopping for these two as they’re popular. That also means you don’t need to reduce your price to find a buyer due to the great demand in the market.
Which Models Depreciate The MOST?
The Hyundai Santa Fe seems to be the most affected model in value depreciation.
While it’s stylish, powerful, and affordable, this vehicle isn’t popular, and that’s due to the competitive SUV market.
They’re not very common in the used car market, and buyers prefer to get a used car that they’re familiar with, which makes it a hard sell.
Ultimately, sellers are forced to decrease the price to sell the vehicle.
If you’re in the market for a used Santa Fe, make sure there are plenty in the market to choose from. Assess the mileage, price, and age of the vehicle.
It would help if you also reviewed the pictures to see the vehicle’s current condition.
Ways to Increase the Value of Your Hyundai SUV
Follow these few tips to increase the value of your Hyundai SUV:
#1 Keep all the paperwork in order
Prepare and organize the papers, receipts, service books, and all documents related to the vehicle.
Buyers want to know how often you’ve been servicing the vehicle and how meticulous you’ve been while doing so.
#2 Clean it properly
Cleaning is the simplest form of maintenance.
Give your vehicle some thorough cleaning before presenting it to potential buyers. A clean car leaves a good impression.
You’re likely to sell a clean vehicle faster and at a better price than a dirty car.
#3 Stay up to date with maintenance
Regular maintenance is crucial for preventing significant repairs and preserving the vehicle.
Buyers are willing to pay more for a well-maintained vehicle.
Make sure you organize your service book and show receipts as proof that the vehicle is well-maintained.
#4 Fix minor issues
Even if the vehicle is more than five years old, ensure all the items that come with it are present, including manuals, accessories, and keys.
If you’ve lost the manual, get a copy from your dealership.
Fix any problem with the vehicle, especially the exterior, and replace worn-out parts with genuine Hyundai parts.
