Cars That Lose Value Fast: Hyundai and Kia

By Peter Chubb - Mar 1, 2011

There are so many factors that you have to consider when looking at what car you wish to buy, but try to take into consideration how long you will be keeping the vehicle for. We say this because there are some cars that lose their value fast, and if you will only be keeping it for one or two years, then you need to study their resale values.

There are a huge number of cars that seem to struggle to retain their value more than most, and two manufactures seem to struggle more than others, Hyundai and Kia. We have discussed in the past how the likes of Kia has improved with their design of vehicles over the past couple of years, but this has not done anything to stop the values of their cars dropping more than others.

The Car Connection
has listed what they believe to be the five worst cars for holding their value, these are as follows: 2010 Hyundai Azera, 2008 Kia Amanti, 2010 Kia Optima, 2010 Kia Rio and the 2008 Kia Rondo. We are not certain if you will agree with this list, but it is believed that over the next four to five years these models will lose around 80 percent of their value.

Going by that calculation then the price that the Kia Optima will be worth in five years time will be from $3,896 and $5,270 depending on the version that you purchased. This will be a huge shock to those who paid just over $26,000 on their new Kia Optima last year, only to find that you would only get just over $5,000 in 2015.

Knowing that both the Hyundai and Kia cars will lose value much quicker than other brands such as Honda, Toyota and Nissan. We have to wonder if this will put you of purchasing one?

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Also See: 2011 car models you should/shouldn’t avoid

  • Jerry

    Not sure what to think! I bought a 2008 Hyundai Sonata four cylinder in late 2010 at a very reasonable price. This car has proven to give good milage both in town and on the road. The automatic shifts smoothly and the engine seems to cruise at 75 mph with ease. But to me the most pleasant surprise has been the low level of noise at any speed. If that isn't enough, the interior dimensions are all equal or better than my wife's Buick Lacrosse of the same year. I don't think Hyundai's low prices will last very much longer because they are becoming more popular each year. Look out Toyota and Honda!

  • Burned in the desert

    Good Grief, I bought a 2009 Optima and was shocked, dismayed and disillusioned when I discovered that the value was was less than what I owed. Some people are upside down on their houses. I am very much upside down on my car ! Never to purchase Kia again…

  • speedracer

    It used to be the case that the older gen Hyundais and Kias residual values were non existent. But the current 2011 line of their cars are actually top in class. The models that you named are simply refreshes of older generations, so "2010" is a bit deceptive. It wasn't the biggest factor in my decision when I bought the new Sonata since I tend to hold onto my cars for many years, but it happens to have the best residual value in its class and even better than a handful of luxury brands. People worrying about Hyundai and Kia resale values are stuck in the past and missing out.

  • omena1951

    This is an easy formula to decipher. Just buy a two year old Hyundai, get it cheap and still have a long lasting reliable ride.

  • lawdy

    I keep a car for at least 200,000 miles so losing value isn't that much of a problem for me. We just bought a 2011 Kia Soul and purchased the total warranty package for 6 years or 75,000 miles bumper to bumper. Along with a Kia 10 year drive train warranty, this car will be worthless when we are done with it.