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2005 Santa Fe Depreciation

I am comparison shopping of 2005 Santa Fe (GLS 2.7L V6 4SpdAT) vs. Honda CRV EX-L(2.4IL4 AT 5-Spd) with CRV costing Candian C$6000 more for cash deal in Calgary, Canada.

I know that Santa Fe would probably burn more fuel than CRV would (C$1/L; 20000KM/yr; 65/35 City/Hiway resulting in C$400 more).

*********************************************************************** I would like to get more info on the depreciation between them, as I am getting some very different values of used vehicles from some popular data sources.
  1. From Cdn Red Book (2005 July), SF is retaining its value as good as CRV

SF GLS 2004 2003 New 30195 29850 WholeSale 21225 17425 Retail (West Cdn) 24125 (80%) 20325 (68%) Depreciates

20/30%

CRV EX-L 2004 2003 New 33250 32400 WholeSale 24825 20575 Retail (West Cdn) 27725 (83%) 23475 (72%) Depreciates

17/28%

  1. From Phil Edmonston's Lemon-Aid SUV.. 2005 (32 Anniversary Edition), SF depreciates rather badly comparing to CRV.

SF GLS 2004 2003 New 30195 29950 Used GLS Hi 24500 (81%) 20000 (67%) Used GLS Lo 23500 (78%) 18000 (60%) Avg 79.5% 63.5% Depreciates 20% annually

CRV Base (LX?) 2004 2003 New 27200 27300 Used Base Hi 25000 (92%) 23000 (84.3%) Used Base Lo 23000 (85%) 21000 (77%) Avg 88.5% 80.65% Depreciates 10% annually

************************************************************** Q Wondering what set of numbers are more realistic to use?

Would also appreciate comments/suggestions in this regard.

Thanks.

Reply to
LiCal
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I have now also located Cdn Black Book thru Toyota.ca site from which the SF/CRV price depreciations are fairly in line to those of the Red Book, and not in large differences as set out by Phil Edmonston.

Reply to
LiCal

Here in america , the depreciation seems to be more. I think until Hyundai has fully proven itself to be a reliable car (in the consumers eyes) and has gotton over thier devastating stigma of the late 1980's to 1990's, they will continue to suffer hefty depreciation. The plus side, is, they are alot of value for the money and are becoming highly favored especially in the small SUV market.

Reply to
Ray Boyer

Funny thing is, I remember back in the '70s when Hondas pretty much sucked. Eventually, automotive writers will get over their snobbish attitudes concerning Hyundai, and then Toyota and Honda will be scrambling to keep market share.

Reply to
Okie

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