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For that matter, do Honda and Toyota still hold their values like they used to?????
Civic and Corolla may resale on the used market for a couple thousand dollars higher than a comperable used Elantra or Kia Forte but when new you also wold have likely paid at least 3.5K to 5K (hence plus more tax on top of the additional 3 to 5K) more for a comparable Civic or Corolla vs Elantra. So in the end who really has the higher residual value?
Kia's resale value is already higher than Toyota and Honda by percentage rate, starting with 2018 Stinger model confirming Kia's future long-term success.
One tidbit that few think about. Someone I know got into an accident in his 2017 Optima. It was a somewhat minor hit from behind. It cost $10K to get it fixed. I asked the body shop about it and he said Kia and Hyundai parts are extraordinarily expensive. The idea seems to be get the car totaled.
Indeed.... I love European cars but they are often costly and trouble-prone. They have other virtues
US cars have improved dramatically in recent years. The only car I've ever owned (and still do) which never needed a single repair is a Ford. Eight years and running now.
You’re right about European cars. I disagree with the comment on Ford. One of the most problematic cars and Truck I’ve ever had. Maybe they’ve improved but I’m not willing to gamble.
One tidbit that few think about. Someone I know got into an accident in his 2017 Optima. It was a somewhat minor hit from behind. It cost $10K to get it fixed. I asked the body shop about it and he said Kia and Hyundai parts are extraordinarily expensive. The idea seems to be get the car totaled.
It'll be fine once the Chinese start making parts for them. But for now, that's sort of an idea of how much savings Hyundai and Kia actually can put into the car using their vertical integration.
I am looking to buy an SUV or truck, AWD or 4WD is a must for where I live. I am thinking of Toyota, Kia or Hyundai. I would love to hear what those of you that own these brands think of them.
I am looking to buy an SUV or truck, AWD or 4WD is a must for where I live. I am thinking of Toyota, Kia or Hyundai. I would love to hear what those of you that own these brands think of them.
Thanks!
My friend has a Kis Sorento LX and loves it’s the 2.4 GDI it’s got plenty of power and idles very smoothly, the interior is very nice and quiet he loves his Kia. It’s only a FWD but they make and AWD also. And it gets great gas mileage.
The resale value of my 2012 Sonata dropped like a rock, especially after news started getting out about the engine recalls. The only way I was able to sell mine is because it had very low miles.
Until they make that long warranty fully transferable resale isn’t going to be as great as it could be.
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