How Does Hyundai Sonata Compare to Toyota Camry Resale Value ?
How Does Hyundai Sonata Compare to Toyota Camry Resale Value ?
Posted on October 1, 2020
The Hyundai Sonata and the Toyota Camry are both midsize sedans that offer plenty of room for five passengers in addition to more-than-adequate trunk space for hauling cargo. They came on the market around the same time--1983 for the Camry and 1985 for the Sonata--and rank near the top of the list for midsize sedans year after year.
Evaluating Resale Value
Resale value is an important figure to determine, even if drivers plan to drive their cars until they cannot go anymore. Resale value and depreciation factor into a number of items, including insurance costs and car valuation in the case that it is totaled in an accident. Probably resale value is a good number to know in case something happens, such as a job loss or addition to the family that triggers a quick, unexpected sale.
In terms of resale value, one of the main factors to consider is depreciation. Depreciation is the amount of money lost over time. In terms of a car, it is the reduction in value of the car with the passage of time, due in particular to wear and tear. Mileage, exterior appearance, and more determine the depreciation value.
For model years 2008-2019, the Hyundai Sonata depreciated an average of 13% each year. For the Toyota Camry, the same model years depreciated an average of 12% each year. So, the resale values, in terms of percentage of the original sale price, are almost identical.
Hyundai Sonata
The Hyundai Sonata is an impressive sedan loaded with a ton of features and ranking above average in terms of infotainment system, driver-assistance technologies, safety ratings, styling, and reliability. 2016 and newer models included high-tech infotainment systems and Android Auto connectivity. This impressive sedan fast approaches longtime segment leaders with its ability to retain its value over time. It does not hurt that Hyundai offers the best warranty around--10 years/100,000 kilometres.
Toyota Camry
The Toyota Camry has long been known as one of the best-built family sedans and it provides a roomy interior, reliability, safety, and excellent fuel economy. In 2015 and newer models, wireless cell phone charging was available. However, some of the used Camry models have nowhere near the features found standard on the Sonata, and the Camry can be a bit underwhelming in the looks department.
Choosing the Right Family Sedan
The Hyundai Sonata and Toyota Camry are also identical in terms of resale value. However, the Sonata offers more bang for the buck as it is loaded with more features and offers a more well-rounded driving experience than the Camry.
Myers Barrhaven Hyundai offers a large variety of Hyundai models, both new and used, in Barrhaven. Whether drivers want to save some money by buying a used Hyundai Sonata or want the latest in safety and tech features with a brand-new model, Myers Barrhaven Hyundai has more than enough options for everyone.