50 Cars That are Plummeting in Value

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#29 – Hyundai Sonata

Class: Midsize Car
Production: 1985-Present
Starting Price: $22,050+
Depreciation Rate: 27.6%

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The Hyundai Sonata was first introduced in South Korea in 1985 but, after poor customer reactions, was quickly taken off the market for two years. Revamped and reintroduced in South Korea and in limited areas of Canada and New Zealand, the Sonata’s second generation was well-received and was widely exported as Hyundai later introduced five more generations over the next two decades with the seventh generation taking the roadway in 2014 and offering a complete facelift and a plug-in hybrid option.

Widely popular as a reliable family car, a basic Sonata model starts around $22,050 and, depending on upgrades, can cost as much as $32,000. According to Edmunds, the luxury car offers great value but costs quite a bit to own with its true cost to own over five years averaging $33,031. The Sonata’s current depreciation value after 12 months is 27.6%, which means the Sonata is quick to depreciate in the midsize market. On the upside, this can be good for someone looking for a nice pre-owned model like a 2011 that can run anywhere between $8,000 and $10,000.