How to Get the Best Resale Value for your Hyundai Car

Hyundai is the second largest car maker in India, with many of its models being best-sellers in their segments. While Hyundai cars generally enjoy a high resale value in the used car market, there is always some uncertainty about whether the Hyundai car you own can fetch the value you feel it deserves. However, there are ways to ensure that you get the best resale value for your Hyundai car when it comes time to sell. We give you the details on the factors that impact the resale value of your Hyundai car as well as the perfect time to sell to get the best value out of your car.

Factors Affecting Hyundai Car Resale Value

There is no doubt that Hyundai is indeed India’s second largest car manufacturer that has become an integral part of the lives of many Indians. However, despite being massively popular, the mere name isn’t enough for you to fetch the highest price. There are several factors that determine the value that your Hyundai car would fetch, when you decide to sell it. A few of these factors are: 

Overall Condition

First impressions are a major determining factor for used cars, and this is true for used Hyundai cars as well. Ensuring that the exterior and interior condition of your Hyundai car is free from any major blemishes, dents, scratches or corrosion. Hyundai cars are known for their premium features and interior space. Ensuring that these are maintained well and kept in good working condition should help you secure a better resale value.

Age of the Hyundai car

When it comes to selling your beloved Hyundai car, age is a crucial factor in determining the resale value. Even the most well-maintained Hyundai car suffers the depreciation caused by age. The older the car, the lower value it commands and this rule holds true even for the most in-demand used Hyundai cars. When selling your Hyundai car, ensure that it is not close to its end of life, especially in Delhi, to get the best value for your car. Selling when your car has more than 50% of its lifespan will give you a good resale value.

Odometer Reading

One of the most crucial things prospective buyers look out for when choosing a pre-owned vehicle is the odometer reading. And much like vehicle age, odometer rating also shares an inverse relationship with price. This means that the more a vehicle is driven, the less price it fetches. No matter how much your vehicle is driven, avoid odometer tampering to fetch a better price, as that will ruin your vehicle’s resale value. Always remember to quote the genuine odometer reading for a more transparent deal.

Accidental History

While vehicle age and odometer reading are important factors, none of them will actually matter if your Hyundai car has a history of any major accident. Since accidental history has a huge impact on resale value, you can expect to see 15-30% lower value for an accidental Hyundai car. If your car has met with an accident and has been repaired to full functionality, do not hide this fact from the buyer and ensure they are well informed before they make the purchase.

Popularity of the model

Hyundai cars are desired for their reliability and feature-package, even in the entry-level segment. However, some Hyundai models are more desirable than others. Used Hyundai cars like the Hyundai Elite i20, Hyundai Creta, and the Hyundai Grand i10 have greater demand in the used car market and generally get a higher resale value than other models. 

Number of Owners

The number of owners plays an important role in determining the resale value for your Hyundai car. Hyundai cars are reliable machines that offer low cost of ownership, which makes them attractive even if you are a second or third owner. If you are the second owner of a Hyundai car, then you should ensure that your car is regularly maintained and all service records are available.

Transmission and Powertrain

While Hyundai cars are generally popular in the used car market, the transmission and powertrain of the car will contribute to fluctuations in the resale value of your Hyundai car. Hyundai cars that are reaching the end of their registration validity, especially diesel cars, will secure a low resale value. Hyundai cars are generally reliable, regardless of the powertrain, and whether your Hyundai car is a diesel or a petrol, it will fetch a similar resale value.

One component that will affect your Hyundai’s resale value is the transmission. Modern Hyundai cars are equipped with one manual transmission as well as up to three automatic transmissions. Depending on the reliability of the transmission, you will get a higher resale value for your automatic Hyundai car. 

Expected Resale Value of Hyundai Cars

While actual and final resale value of your Hyundai Car depends on various diverse factors as mentioned above, to give you a better understanding of the resale value estimates we have compiled a table for the most selling models amongst the Hyundai line-up:

Best Time to sell Your Hyundai car

Cars are a depreciating asset and within the first year lose up to 20% of their value. It continues to depreciate at 10% in the following years. When it comes to Hyundai cars, these vehicles tend to retain their value a little better than other brand cars. The combination of reliability, attractive designs and a feature-loaded package ensure pre-owned Hyundai cars are always in demand. 

The best way to maximize the resale value of your Hyundai car is to sell between 3-5 years of ownership. Selling at this stage will ensure you can get up to 60% of the price you paid for your car, depending on the condition of the car. Since this is a Hyundai you may even be able to get up to 60% of the value after 5 years, but market forces will affect the price you are able to sell at.

Ready to sell your Hyundai Car?

Knowing the factors that impact the resale value of your Hyundai car is just half the battle. You still have to sell your car and negotiate the best deal from multiple buyers. This is where SellRight by Spinny is the service to solve the problems in the other half of the battle. SellRight by Spinny is an intuitive platform that has been designed to deliver the most value to you while also removing the needless negotiations and hassles of ownership transfer with a seamless service. Take advantage of free doorstep evaluation, same day payment, and secure ownership transfer from the comfort of your home with Spinny.

FAQ about Hyundai Resale Value