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Midsize Sedans Comparison Thread
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My math is correct however.
And buying more than one can afford is foolish. Pay cash. If you do not have the cash for a new car, buy a used one. Preferably a used American make, as they lose value quicker and repair parts are usually less expensive. If you buy a house on time payments, it may go up in value. A car is guaranteed to go down in value. Paying interest on a loan for something which depreciates is a double negative.
If getting in debt and paying more for another car than they can afford is making a person happy, they may need professional financial help.
-Loren
P.S. You have expertise in finances. Are you pulling my leg here? You know which is cheaper of the two cars. Your playing me. I looked up your info. here under profile.
-Loren
I am just going off the logic expressed in this forum. If the cost to own is basically the same over five years for a Camcord, Sonata, Altima, etc., thus making resale value a moot point, than also the premium for the Camcord is a moot point as the cost is said to be the same anyway.
P.S. Good financing logic and your normal car buyer are mutally exclusive.
More accurately, it is likely that in the first three years of ownership, the Accord will lose less of its value than will the Sonata. The Accord will not hold its value. Cars are depreciating assets. If you plan to keep the car only 3 years, then a Camcord is a better bet depreciation-wise than the Sonata. Unless you take advantage of a subsidized lease, then the Sonata could turn out better financially. But then so could other cars with subsidized leases such as the Fusion/Milan.
If you have narrowed your choices to those that run on E85, then it is a much easier decision for you. That eliminates cars like the Accord, Camry, Sonata, Fusion/Milan, Altima, and many others.
"With a 0-60 time of 8.6 seconds, you won't win any drag races in the Camry Hybrid, but no one will make fun of you as you try to merge onto the freeway either. The numbers aren't bad compared to the previous-generation non-hybrid Camry with an inline-four engine, which took 10.3 seconds to reach 60 mph in our comparison test against a Honda Accord and Hyundai Sonata. The Accord, which was also a four-cylinder, managed 9.5 seconds while the Sonata, even though it was a V6, took 8.2 seconds. For the record, the V6-powered 2007 Camry XLE cut 0-60 times to 6.5 seconds."
Now isn't that strange to compare a 4 cylinder to a 6? I'm guessing that if that was an accord LX v6 and a camry SE v6, those results would have been much different. I think the accord V6 goes from 0-60 in 7.4 seconds. That sonata for a bigger liter v6 IS slow (the accord uses a 3 liter v6 and both the sonata and old camry have a 3.3 liter v6). Remember the results of the v6 comparison?
Now before i start getting these abusive replys i want to state how i don't hate nor dislike Hyundai. My mom thought the old santa fe sucked and i didn't like it either. We both love the sportage and tucson. The new vans are great and i like em. Now the sonata, tiburon and the azera, there is just something i don't like about them.
I just wish the smaller drivers luck at changing the airflow settings or reaching the emergancy flashers...
Plus NOT EVERYONE loves Hyundais. That don't have too. Honda offers time tested peace of mind, and that costs extra, and millions of people recognize that and pay for it.
Anyway, as I've said I'd rather have the big $ NOW vs. five or ten or whatever years from now. If you would rather give the extra money to a car company for their use instead of your use for several years, great.
I should add I have a thing for new cars--I really like driving a car that no one else has messed with--so I am willing to pay a premium over a used car in some cases, such as when I will hold onto the car for many years. That being said, my last two car purchases were used cars.
I agree, with 1 catch: If you pay $5K more, you must actually get $5K more. Not $1K, not $3K, but the whole $5K. "Experience" and other intangibles are worth exactly $0.00 to me, but others apparently put a very high value on them. It's your money, and you are the person you have to satisfy.
Now THAT is the way to compare cars. It's always about the money.
Here are two examples but to do with reliability:
I bought a 1995 accord exv6 and paid $4500. My brother bought a 1996 sonata for $3000 the same day. A week later my check engine light comes on and is covered until 150,000 miles. His radiator shattered that night. He spent $1k to fix it. I spent $0.
Kbb says my accord is worth $60-7k. The sonata, well $-4k
My dad wants an 04 expedition and i say spend the extra $1k on 04 armada. The armada holds WAAYY more value and has much more hp and torque (395lb ft Armada vs 335lb ft Expy). Plus you'll enjoy it more while having it and when selling times come. From 04, you can find and expy for $18 and a armada for 26k (check autotrader).
My point here is how reliable is your sonata and dealership say 5years from now?
Well, the problem I had with Hyundai was in fact that everything "tangible", meaning door-handles, climate control knobs, and even steering precision/weight was not near enough to the standard set by the Accord. It all felt cheaper, belying the price on the window; perhaps belonging in the Elantra, but not the Sonata. On the other hand, I felt like the Accord had an interior belonging in a more expensive car than my $21k EX Accord. It was my money, and I wouldn't have been satisfied with the "functional yet just decent" interior and driving experience (too much like the old, numb 2002 Camry)of the Sonata when I knew what could be had with Honda.
To me, the Accord was worth more from the start, it wasn't an even matchup in my opinion, so paying more to get more seemed only fair! The extra resale value of Honda is just a bonus.
If Accords are as reliable as many seem to claim, then your repair costs will be low too.
Waiting will only gain you more options as to cars with E85 capability as more manufacturers will be offering this capability, whether E85 becomes a big factor or not.
For some folks, leasing might be the way to go...
E85 will catch on only when:
1) Cost decreases to the level of regular or below
2) Available public stations increase
My god, did you insepect either car before purchasing? I know they are old but within a week of purchase, problems already existed on both? You should have asked for refunds on both, seriously...
"My point here is how reliable is your sonata and dealership say 5years from now?"
The previous generation Sonata did extremly well in various industry reliablity tests/studies...while it is still way too early to assess the 06+, given Hyundai's dedication to quality (which so far they've done extremly well) and reliablity, I have no doubt the new Sonata will continue to be rated as one of the most reliable models.
With the Hyundai your warranty is longer overall. I would keep the car personally until the warranty would run out on it and then sell the thing privately (more than trade in). If you must have new cars at that point.
That brings up another point. People who "trade in" their cars to a dealership are really not what I would call bargin hunters. Obviously if they were really wanting the most for their car come time for a new one they would be prepared months before hand and sell their car privately as we all know they would get MORE than the dealership would give them. Regardless of the cars brand.
Last, someone else made a good point that the Honda costs significantly more to begin with. When they compared it to another car (I think it was a kia) they found that the difference between the cars at trade in was 4,000. Almost exactly the difference between the cars at purchase.
I see so many people say, well you could only get 7,000 for the Hyundai at trade in. You could get 11,000 for the Honda at trade in. Well yeah, but the Honda cost 4,000 more to begin with so you really aren't losing out by buying a cheaper car (not to mention you would get a longer useage out of the cheaper car if you are warranty is up get rid of it kind of person).
I haven't read the HOnda forums lately (personally I do not care for them at all) but tell that to the people in the Toyota forums with their newly plauged Avalons and Camry's. They even have a Toyota rep in there trying to save face and sucking up to everyone about their problems and assuring them at some point Toyota will figure out the problem, but until then they get to take their cars back and forth to the dealerships.
2004 Hyundai Sonota LX-V6 $42,821
Well over 5 years it looks like either car will land you with the same cost to own.
Strangely enough the car that has the lowest cost to ownership over the 5 year period was the Chevy Malibu LT at $40,298.
Camry XLE was 43,879.
Mazda 6 was 45,707.
The previous generation Sonata did extremly well in various industry reliablity tests/studies...
His sonata was the generation before that
And trust me, :lemon: isn't the word to describe it.
My honda is in fantabulous shape inside and out. My only gripe is that i should have used the money i had leftover to get the windows tinted. My car was thouroly inspected and it isn't broken down. My step-mom likes it better than her o4 explorer and 02 626. It has a little more power than the 4cyl accord out now. Plus with 115k on the odometer and a 150k warranty not to mention the 23.5mpg in city, LIFE IS GOOD :shades:!!
Honda Accord ex-v6 5 yr. Sonota LX-v6 5 yr.
Depreciation 14,012 14,569
Financing 5,057 3,830
Insurance 7477 7710
Tax & Fee 2950 2533
Fuel 8613 8793
Maintenance 4614 4784
Repairs 670 602
Total Cash Price
Sonota 20,853
Accord 27,531
Yes, the Malibu is the cheapest. And even cheaper than a new one, is a used one. If you want to drive a Malibu.
Actually, while the numbers game is fun, it all boils down to what you really want to live with over time.
-Loren
-Loren
The 3 recalls and 10 TSBs for the 2006 accord?
Or the 3 recalls and 29 TSBs on the 2006 sonata?
These next 10 yrs should be something else in the overall history of vehicles. So much is changing so rapidly it's almost like the dawn of the PC's in the 80's.
2008 increased diesel offerings
2008 new hybrid technology
2007-2010 new interior options and features
2007-2010 new safety features becoming standard
Agreed 100%.
"It's funny how so many people dispute the Sonata but never mention the fact that Accords and Camry's have issues."
Hearsay and perception, mostly. More and more people are coming around, though
Given the transmission problems discussed on the Camry forum, not only the small-sample production-related snap-ring problem with the V6, but drivability problems associated with the transmission in the 2007 4-cylinder, maybe it's time for Toyota to issue a recall, or at the very least a TSB.
Perhaps Toyota is not as willing to issue even a TSB as are other manufacturers. Food for thought . . .
Regarding the 4c there may be a breakin/learning period where both the vehicle and the driver need to learn each other's characteristics. This is not something that can be TSB'd. There is an rpm issue being investigated but not apparent everywhere.
The electronic vehicle is upon us and it does act differently than the mechanical ones we've been driving for over 100 yrs. It's just different and we just need to learn how to use its best features. Refinements certainly will be made along the way but there is nothing 'wrong' with it that can be 'corrected'.
Buyers not wishing to drive cutting edge vehicles at this time can continue to look to the older designs until all the wrinkles have been ironed out. Everyone has that choice.
I disagree. Not to the tune of $5K anyway. I would pay $1-2K more tops for an equally equipped Accord. It's all in perception vs reality. I am a nuts and bolts guy, and don't get into the warm fuzzy feelings about cars and other mechanical devices. Some people actually love their cars. I haven't met a car yet that loved them back. Maybe that will be an option on the 2020 models.
Reality is perception and perception is reality. Hoping the Sonata is a better car than the Accord/Camry does not make it so, even though it may be better for you. While there is no doubt that Hyundai is moving up in the world and it is the underdog, the Accord to me would be worth the extra money. In the same vein the 3 series is more expensive than the G35 and people are will to pay a premium. The 3 series is the segment sales leader.
Apparently to a lot of people as well.
That's doubtful. Because only the price of the Sonata seems to be your only compelling reason for someone to buy it over the time tested, and publicly accepted CamCord. Altho the Accord is suffering from an aged design (which will soon be rectified) it still appeals to me more than a Sonata. So a few grand for feeling good about my purchase vs. settling on a cheaper Sonata just doesn't fly with me.
Sure the Sonata is a decent vehicle, but priced as a Camcord their sales would be halved.
2014 Malibu 2LT, 2015 Cruze 2LT,
What I do not understand is why the 2.7L is even offered. I also do not understand why the Spec sheet that you can click on lists the different brake set ups, and ABS seems not to be standard on the basic 4 cylinder, YET on the main "Safety/Security" page, electronic stability control is claimed as standard.
OK Chrysler kids, quick FYI- it would take quite a feat to facilitate stability control on a car w/o ABS...
~alpha
This is the future though and some manufacturer has to be the first. As the leader Toyota has IMO shown us what all vehicles will be in 10-15 yrs. Toyota can take this step ( has the know-how to take this step ) as the leader. GM and Ford are damaged presently. Honda is good in engineering but it's a small player in the worldwide market.
The same situation arose in the late 60's/70's/80's with the advent of seatbelts and airbags. Neither was perfect immediately and many refused to use them or buy vehicles that had them. Volvo took the step to promote them and mainstream them.
Should we the consumers be guinea pigs? If these were patently dangerous or likely to create the risks of failure then no. But the level of complaints seems small in relation to the amount of vehicle being driven without complaints which indicates that it may be more a driver-acclimation situation than vehicle-failure one. There have been mismanufactured vehicles for sure but the number is very small.
Again, the Automotive News board is the best place to debate what manufacturers have done and should do in the future. All of you are welcome to pursue your thoughts there.
I appreciate your cooperation - I also appreciate any comments about this be directed to me in email rather than being posted.
The point is that this discussion has been on the verge of imploding too many times and the rules are different now because I am trying as hard as I can to keep from shutting this down for good. I need you guys to help, though. Please.
Thanks!
2014 Malibu 2LT, 2015 Cruze 2LT,
Looks wise, I am thinking the Fusion/Milan are near the tops. The Altima still stands out. The Sonata looks pleasing, as in could look just as good among car seen in a showroom ten years from now. Likewise the Accord is simply good. The Camry, IMHO, looks richer now, better styled, yet the front end is a let down, and will be changed within a years time, no doubt.
Mazda6, looks a bit sporty, yet doesn't seem to have the visual impact that the Mazda3 does. Perhaps looking more dated? It may wear well with time though. The Malibu has not looked good since the last of the late 60's or earliest 70's. The Galant is - what's a Galant? May as well be a Matador. The Pontiac G6, is good, I guess. For some reason, it doesn't grab me, as in saying buy me, I am hot! Then there are the expensive four door sedans, which for the most part, all look good. -Loren
Among these cars, I'd have to say that the Accord is at the bottom in terms of exterior design. And before I get jumped on, mind you we have an Accord.