Hyundai Elantra Depreciation

A Hyundai Elantra will depreciate 22% after 5 years and have a 5 year resale value of $19,799.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $25,383 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Hyundai Elantra.

Hyundai Elantra Depreciation Calculator

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Hyundai Elantra Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,480 90.23% $22,903 12,000 2022
2 $4,069 83.97% $21,314 24,000 2023
3 $4,569 82.00% $20,814 36,000 2024
4 $5,077 80.00% $20,306 48,000 2025
5 $5,584 78.00% $19,799 60,000 2026
6 $5,805 77.13% $19,578 72,000 2027
7 $8,090 68.13% $17,293 84,000 2028
8 $9,184 63.82% $16,199 96,000 2029
9 $9,633 62.05% $15,750 108,000 2030
10 $12,494 50.78% $12,889 120,000 2031

Hyundai Elantra Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,480 90.23% $22,903
2 $4,069 83.97% $21,314
3 $4,569 82.00% $20,814
4 $5,077 80.00% $20,306
5 $5,584 78.00% $19,799
6 $5,805 77.13% $19,578
7 $8,090 68.13% $17,293
8 $9,184 63.82% $16,199
9 $9,633 62.05% $15,750
10 $12,494 50.78% $12,889

Buying a Hyundai Elantra New vs Used

If you purchase a used Hyundai Elantra that is 2 years old, then you could save $4,069 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $1,515. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Elantra models become available.

What About Hyundai Elantra Insurance Costs?

The average cost to insure a Hyundai Elantra is about $1,799 per year. This adds up to around $8,995 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Hyundai Elantra. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Hyundai Elantra

The 2021 Hyundai Elantra is our top pick for the best model year value for the Elantra. With the 2021, you would only pay, on average, 90% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the Elantra, and provide a relatively good value. Our rankings consider multiple factors, including the Elantra's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Hyundai Elantra models.

Hyundai Elantra Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $25,383 $25,383 $205 $0 0% 100%
2021 $25,340 $23,104 $239 $2,279 8.98% 90.23% Best
2020 $21,877 $18,665 $294 $4,439 19.21% 83.97% Better
2019 $20,362 $16,697 $382 $1,968 10.54% 82% Better
2018 $19,056 $15,245 $455 $1,452 8.7% 80% Good
2017 $19,080 $14,882 $570 $363 2.38% 78% Good
2016 $18,113 $14,774 $803 $108 0.73% 77.13%
2015 $18,549 $13,533 $895 $1,241 8.4% 68.13%
2014 $18,573 $12,835 $981 $698 5.16% 63.82%
2013 $17,559 $12,004 $1,109 $831 6.47% 62.05%
2012 $17,647 $10,088 $1,126 $1,916 15.96% 50.78%
2011 $17,257 $9,115 $1,263 $973 9.65% 45.5%
2010 $15,716 $7,226 $1,461 $1,889 20.72% 36.68%
Year Price % Paid Value Rank
2022 $25,383 100%
2021 $23,104 90.23% Best
2020 $18,665 83.97% Better
2019 $16,697 82% Better
2018 $15,245 80% Good
2017 $14,882 78% Good
2016 $14,774 77.13%
2015 $13,533 68.13%
2014 $12,835 63.82%
2013 $12,004 62.05%
2012 $10,088 50.78%
2011 $9,115 45.5%
2010 $7,226 36.68%

Hyundai Elantra Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Hyundai Elantra ranks for Depreciation compared to other vehicles. Also check out how the Elantra stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Hyundai Elantra Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Hyundai Elantra costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: