Hyundai Sonata vs. Honda Accord vs. Toyota Camry vs. Ford Fusion

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Comments

  • oldjoeoldjoe Member Posts: 132
    Pushing on national television that there is an additional $2,000 factory rebate incentive on the just announced originally low-cost 2006 Hyundai Sonata does appear that the new 2006 Sonata sales are in the toilet, which is surprising when the Japanese and EU sales numbers are up dramatically. And at throw-away prices the Sonatas should see better sales., at least to the rental car agencies.

    Sure I had no interest in another Hyundai, I just did a side-by-side quality comparison between my Remondo Red 2005 Accord EX-L and the Sonata loaded V6 and look at all the comments I got...a real look, not a magazine report or a marketeer's hype. The same as I have done when parked next to Toyota Camry (which also has an excellent fit and finish). I also just like my Honda...OK! It is not a crime. I told you, I was finished buying problem autos and decided to join the crowd and get the best middle-sized auto for me.
  • oldjoeoldjoe Member Posts: 132
    Add the new $2,000 Hyundai 2006 Sonata factory rebate (for all purchasers) and the Sonata you describe should be down in the $13,000 range.
  • oldjoeoldjoe Member Posts: 132
    Since the Sonata can be had for about $4,000 to $5,000 cheaper than the Accord...equal lease payments show just how little residual value is being calculated for the Sonata after lease end. Sort of throwing the $4,000 to $5,000 Sonata price advantage into the toilet. Now, wouldn't you rather drive a Honda Accord?
  • alpha01alpha01 Member Posts: 4,747
    You are absolutely correct allfiredup, thanks for the correction! I was thinking of the new Civic, which doesnt come with leather at all, but you can get NAV.

    My apologies.

    ~alpha

    PS- Since the Legacy has come up, I thought worth noting that my 50 yr old 'rents currently own two vehicles- an 02 Camry LE 4 4A with 64K miles and an 05 Legacy Sedan N/A 4 4A with 21K miles. The difference between the two are many, but really what it boils down to... they are both outstanding modes of transportation.
  • backybacky Member Posts: 18,949
    The Sonata price I described already had all applicable rebates applied, in that case $500 general rebate and $1000 HMFC rebate (and as I noted, there is a $1000 loyalty rebate also).
  • backybacky Member Posts: 18,949
    Tell me where I can lease a '06 Accord LX 4-cylinder with ESC, automatic, and alloys for $199/month and about $2000 total upfront. Oh, sorry--you can't get a 4-cylinder Accord with ESC. The closest I've seen in my area is $239/mo. for the LX, and some dealers are offering the LX SE for that, which includes alloys and moonroof. So the bottom line is you can lease a better-equipped Sonata for 3 years for less than an Accord. Whare is the depreciation advantage for the Accord? Answer: there is none, because the Sonata starts at a much lower price to begin with.
  • glygly Member Posts: 12
    The 2.4L, 4-cyl engine of my 2005 Accord LX has a timing chain, not a timing belt, which I don't believe ever has to be replaced. But the 2005 Accord 3.0L, 6-cyl engine, however, has a timing belt, which Honda recommends replacing every 105,000 miles or every 7 years, which ever comes first.

    Under very severe conditions, Honda suggests changing the timing belt on 6-cylinder models every 60,000 miles. Honda defines severe conditions as regularly driving under one or more of the following situations:
    In very high temperatures (over 110ºF)In very low temperatures (under -20ºF)Frequently towing a trailer
    In my opinion, Honda would pay the cost of repair if the engine was properly maintained and the belt broke before the 105,000 mile/7 year period under normal driving conditions.

    A belt is used in place of a chain because it is quieter; I do not know of any other advantage that a belt has over a chain. But my chain-driven 4-cyl Accord is very quiet.
  • goodegggoodegg Member Posts: 905
    The advantage is that you get an Accord instead of a Hyundai.
  • allfiredupallfiredup Member Posts: 736
    The closest I've seen in my area is $239/mo. for the LX, and some dealers are offering the LX SE for that, which includes alloys and moonroof.

    Actually, the LX SE doesn't have a moonroof. It does add alloys, 6-disc CD, 4-wheel disc brakes with EBD, carbon fiber interior trim and steering wheel audio controls.

    Well worth the extra $700 over the LX. The EX only substantial addition is the moonroof for an extra $1725. Ouch!

    Honda's model hierarchy doesn't make a lot of sense sometimes, especially when they offer a high value model like the VP or LX SE.
  • backybacky Member Posts: 18,949
    If you like the Accord better and don't mind paying about $1500 more over a 3-year lease to drive one, go for it. But it's not like traffic automatically parts for you and valets bow to your greatness because you drive an Accord instead of a Hyundai. ;)
  • dampfnudeldampfnudel Member Posts: 131
    Most Accord owners don't use valets if they don't have to because they want to spend as much time behind the wheel of their "beloved" as possible. ;)

    As for traffic automatically parting, some Accord owners have reported this happening to them. I wonder how many years it will take for the Sonata to have such a following as the Accord enjoys today.
  • zodiac2004zodiac2004 Member Posts: 458
    Tell me where I can lease a '06 Accord LX 4-cylinder with ESC, automatic, and alloys for $199/month and about $2000 total upfront.

    If you can lease an 06 Sonata for 199/mo with 2000 down for 3 years for a total payment of about 9200, for a allowed mileage of 36000, to the lender that works out to about 25.5 cents per mile of depreciation, at a 0 money factor.
    I can assure you someone is taking a bath on it, and it'll be you if you buy that car at the end of the lease, since it'll be worth nowhere near its residual.
  • backybacky Member Posts: 18,949
    I believe the money factor on this lease is pretty low. Not zero, however. I don't know what the residual on the lease is--do you? If it is too high, walk away. If I planned on buying the car at the end of the lease, I wouldn't lease it but would buy it and get full advantage of the $2500-$3000 rebates that I qualify for.

    As for taking a bath, I could say that I'd take a bath on the Accord lease vs. the Sonata. I would personally pay about $2500 more over 3 years for the Accord. Splish, splash!!
  • goodegggoodegg Member Posts: 905
    A car isn't just a bunch of aggregated statistics, and the dollars associated with them. It's an emotional thing. You get great vibes with the Accord and its worth it.

    Same thing with a house. Do you want the $700,000 house in the right neighborhood, or would you rather have the same house in the wrong neighborhood for $200,00 less?

    Or do you want to eat hamburger all the time or would you rather have a steak? Top Flight or Titleist? Aristocrat or Stolnichnaya? McDonalds or Fuddruckers?.........

    You get what you pay for. Nothing wrong with wanting the best.
  • backybacky Member Posts: 18,949
    Bear in mind that some people--like me--prefer the Sonata over the Accord even if they were to cost the same and have the same warranty. So don't assume that everyone gets better vibes from the Accord, or thinks the Accord is the best for their personal needs, just because you do.
  • danf1danf1 Member Posts: 897
    36 months was last months program. The residual was 45% and money factor was .00018

    This month is a 39 month lease. Residual is 42% and money factor is .00071
  • tenpin288tenpin288 Member Posts: 804
    My .02

    You get what you pay for. Nothing wrong with wanting the best.

    Nice sentiment, however following that has caused many people financial hardships. A more appropriate way of stating that would be to say as I tell my wife and kids
    "Get the best that you can sensibly afford."

    Why do I bring that up here? It goes to the heart of this discussion. If you can afford to toss $1000s extra to get the Accord and that it fulfills your wants and desires (not needs, that can be filled by a base Hyundai Accent in most cases!), then buy it.

    As for me, I would rather buy a Sonata, and either use the money saved for accessories, or put it to work for me elsewhere.

    Like I said, my .02. ;)
  • oldjoeoldjoe Member Posts: 132
    My wife leased Nissans from 1994 to 2004. In all that time we had the following minor problems.

    1. The interior light burned out on her 1994 Sentra.
    2. The back seat needed adjustment to correctly lock in the upright position on her 1991 Altima.
    3. The electric seat controls needed a new locking plate on her 1991 Altima.

    That's all folks. changed the oil every 3,000 miles, put the gas in and drove the car. Overall, an enviable record for quality. My only problem with Nissan is that it is owned by the French (Renault) whose many attempts to sell autos here in the USA always met with disaster. If the Japanese can continue to exert some control over Nissan, then the Nissan quality will stay up.

    I rented an Altima for a week from Alamo a few months ago and while it is a tremendous improvement over the previous Nissan, it did not impress me too much -- passing power of the I4 seemed to be low, but then it always was.
  • oldjoeoldjoe Member Posts: 132
    I am sorry...you did forget to add the Factory $2,000 rebate announced this week. Probably the othyer rebates were replaced by this.
  • tenpin288tenpin288 Member Posts: 804
    The rebates on the 2006 Sonata are:

    $500-$1000 based on trim level and engine

    $1000 if financed through Hyundai Financing

    $1000 if a current owner of any other Hyundai vehicle

    These are nearly identical to last month's offers.

    Where is the $2000 factory rebate you are mentioning?
  • oldjoeoldjoe Member Posts: 132
    Local Honda dealer has Accord leases for $199 a month, $249 a month for the Accord EX. Now, who would rather drive a Hyundai than a Honda? Enough said on the subject. Please understand what a lease means before posting...my 2005 Accord EX-L is leased for $249 a month, 20,000 miles a year, for 4 years. ...works for me!
  • oldjoeoldjoe Member Posts: 132
    Darn, I see the $2,000 rebate on TV almost every night. Go to your Hyundai dealer to get the latest...hmmm...would Hyundai be lying again in their TV ads. Maybe it's just a marketing ploy to increase foot traffic at the dealer. As far as lying by Hyundai, I refer to another TV ad..."Does a bear use Charmin in the woods?"
  • tenpin288tenpin288 Member Posts: 804
    Now, who would rather drive a Hyundai than a Honda?

    Me, for one. I have driven many vehicles in the past 35 years, and the 05' Tucson and '04 Sonata we currently own are evidence as to how we feel about Hyundais. I have driven some Hondas before (along with many other brands), and they just didn't impress me.

    Enough said on the subject

    Agreed. ;)
  • tenpin288tenpin288 Member Posts: 804
    If youcan, please let me know where and when you saw that ad. If it is true, I am taking my wife's 04 Sonata down to my local dealer and trading it in for an 06 today! ;)

    However, I would bet that more than likely you saw a Hyundai ad that features a number of Hyundai models and mentioned that up to a $2000 dollar rebate is available on select models. Currently, the 2005 Sante Fe qualifies for that amount and actually, the few remaining XG350 models offer a $3000 rebate ahead of the arrival of the 06 Azera.

    Check this out for current Hyundai rebates:

    http://www.hyundaiusa.com/financing/specialoffers/special_offers.aspx

    Like I said, if you can tell me when and where you saw that ad, please do. An extra $2000 off the 06 Sonata, (which is outselling the old model hands down) would make that a tremendous value and likely to sell out! :)
  • backybacky Member Posts: 18,949
    Please tell us which Honda dealer in your area has '06 Accord LX SE automatics (closest thing to a Sonata GLS) for $199/month for 36 (or 39 months) lease with $1000-2000 down.
  • snakeweaselsnakeweasel Member Posts: 19,592
    Thats an advantage how?

    And don't tell me its a Honda.

    2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D

  • snakeweaselsnakeweasel Member Posts: 19,592
    I can assure you someone is taking a bath on it, and it'll be you if you buy that car at the end of the lease, since it'll be worth nowhere near its residual.

    I can assure you that no matter what car you get if you buy it after the lease you will take a bath.

    2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D

  • haefrhaefr Member Posts: 600
    Some baths are wetter than others.
  • snakeweaselsnakeweasel Member Posts: 19,592
    You get what you pay for.

    Oh what a contemptible lie.

    Just because you pay more doesn't mean you are getting something better. Price does not equate to quality. How many times have you gone to an expensive restaurant and got lousy food? Or gone to an inexpensive one and gotten a really great meal?

    Sometimes snob appeal tends to drive up the price of something even though it may not be the best. Honda suffers from this snob appeal effect.

    Nothing wrong with wanting the best.

    No there isn't just don't fall into the trap that just because your paying more your getting the best. Because in most cases your not.

    2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D

  • zodiac2004zodiac2004 Member Posts: 458
    For once I agree with you. If you are trying to decide between an Accord and a Sonata and could lease the Sonata for that price, it's a no brainer to pick it.

    But my real point was at that price, the Sonata's lease is subsidised big-time because the depreciation of the car doesn't warrant that low a lease rate.
  • haefrhaefr Member Posts: 600
    "You get what you pay for.

    Oh what a contemptible lie."

    Couldn't agree more. You pay for what you get, and sometimes, if the planets are properly aligned and the gods are smiling down on you, you may actually get what you pay for...
  • zodiac2004zodiac2004 Member Posts: 458
    I can assure you that no matter what car you get if you buy it after the lease you will take a bath

    If you maintain the car well and don't have excess miles, any Accord will be worth more than the residual in the open market, if it wasn't a subsidised lease, which usually doesn't happen anyway for Accords.

    But with any Hyundai, no such luck. To reflect true depreciation, Hyundai would have to charge more for lease than a comparable Honda, and if they do, they will lease exactly 0 cars.
  • goodegggoodegg Member Posts: 905
    Lern to spel furst of all.

    Yea - those inexpensive quality McBurgers are really great. I feel good feeding that to my kids. And if the quality isn't there at a good restaurant I send it back to the kitchen. Don't you?

    Snob appeal for Honda owners? Huh? For a Honda? Its not a BMW or Jag. Just a good car that's priced right.

    The Accord is the best in its class. OK - IMO. And I just don't automatically pay more and hope its better. I research it. But better costs more.

    And how about this one - you gotta pay to play ......?
  • smith20smith20 Member Posts: 256
    I've been subsidized by Hyundai before and I purchased the car . . . it's called a rebate. :)

    Perhaps when you take into account the incentives that Hyundai provides, buy or lease, the "true depreciation" for the consumer actually favors the Sonata. :D
  • smith20smith20 Member Posts: 256
    Lern to spel furst of all.

    In my opinion you're a jerk to make fun of someone's spelling. It does nothing to help make your point . . . rather it detracts because why bother reading beyond a garbage first line like that?
  • backybacky Member Posts: 18,949
    And I just don't automatically pay more and hope its better. I research it. But better costs more.

    And you think that only people who buy Accords research their cars?

    "Better" is relative. You bought the car that is better for you. That doesn't make it better for everyone. But in order to decide what is better, each buyer needs to do his/her research. Guess what? It's not automatically a Honda--which is what you are telling us. An automatic decision is no decision.
  • snakeweaselsnakeweasel Member Posts: 19,592
    Lern to spel furst of all.

    OK let me make a few comments.
    1.) This simply is a case of attack the messenger, usually when that happens you hit a nerve.
    2.) It is considered bad netiqutte to correct or make comments about spelling. And:
    3.) Tell it to Edmunds it either a) passed their spell check or b.) was suggested as the correct spelling since I always use their spell check.

    Yea - those inexpensive quality McBurgers are really great. I feel good feeding that to my kids. And if the quality isn't there at a good restaurant I send it back to the kitchen. Don't you?

    Well for one thing if the quality is not there at a good restaurant its not there. No amount of sending something back will make up for poor quality food and/or a bad chef. And yes I have had food at expensive restaurants that make McDonalds taste good.

    Snob appeal for Honda owners? Huh? For a Honda?

    Yep there seems to be a cult following for Honda that most manufacturers just do not have. Just read some of the stuff on these forums if you don't think so. Many Honda owners do act like they have the best thing on the road regardless of what any real world experience shows or what anyone else might say or regardless of price. It seems that many Honda owners act like Honda is the greatest thing before, during and after the invention of sliced bread.

    But better costs more.

    If you believe that then I have a wonderful deal for you, but please send cash in small unmarked bills since checks can be troublesome in transactions like these.

    I will say again price does not equate to being better. With most things, Hondas included, you can spend less and get just as good and maybe even better.

    The flip side of the coin that says "Better cost more" says "A fool and his money are soon parted."

    As for me I tend to go for the most bang for the buck, which puts Honda down on the list.

    2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D

  • snakeweaselsnakeweasel Member Posts: 19,592
    "Better" is relative. You bought the car that is better for you.

    Lets be honest, people buy what they believe is better. Remember that perception creates its own reality. It may not be better in reality but they think it is.

    2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D

  • goodegggoodegg Member Posts: 905
    That's exactly what I'm trying to say.

    I'll be an advocate for Honda and you be an advocate for whomever you want.
  • snakeweaselsnakeweasel Member Posts: 19,592
    No thats not what you have been saying. You have been saying that hondas are better because it costs more, or that it costs more because its better (pretty much the same thing). I have been saying that price does not equal quality, thats where we differ because you have been saying it does.

    Now if you had just been saying "I prefer Hondas" then there would be no contention, but thats not what you have said.

    2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D

  • bhmr59bhmr59 Member Posts: 1,602
    Why would anyone in their right mind lease a car with the intention of buying it at the end of the lease???

    A new car purchase vs a used car purchase usually offers a lower interest rate and a longer term finance option.

    Remember before dealers convinced the public that leasing was less expensive (yeah, right) than buying---dealers used to run ads to "bring in the payment book on your car and we'll send you out with new wheels."? What's wrong with financing a new car for five years (car loan, home equity, whatever) and trading in the car before the loan is paid off?
  • goodegggoodegg Member Posts: 905
    They'd do it because they want to trade it in at the end of the lease term to avoid the extra mileage charge. You have to "buy" it first to be able to trade it. Also at model year end the leases are outstanding, so it offers a way to put no money in a car and also have smaller payments. When the residual number is close to the trade in value....it makes some sense.
  • 210delray210delray Member Posts: 4,721
    ...but I've seen the ads on the late news, and it shows a $2,000 rebate on 2006 Hyundai Sonata V6 models. I haven't squinted to read the fine print, however (like maybe having to finance the car through Hyundai). This is not a dealer ad, but the real deal from Hyundai.

    I'm in central Virginia.
  • backybacky Member Posts: 18,949
    If the "fine print" says $1000 on a V6 and $1000 for financing through HMFC, that is exactly right. Plus another $1000 loyalty rebate, which maybe they don't mention because it's not available to the general public.
  • allfiredupallfiredup Member Posts: 736
    I'll start off by saying that I've owned nine cars in my life and the first eight were Honda/Acura products. The current one is a Nissan Maxima which I'll be backing in at lease end in a few weeks.

    The comments I read on these and other discussion boards amaze me sometimes. I believe Honda builds a great product, but they've lost a lot of their fun to drive characteristics over the last 10 years or so. I loved Hondas and Acuras of the 80's and early 90's. Low dashboard, low hoodline, revvy engine that you could feel and hear. Not the isolation and overly smooth characteristics that typify today's models.

    Not only do people think their Hondas are the greatest cars in the world, many insist that everyone must agree with them. Not only that, but everyone must also desire a Honda like they do.

    It's a free country, there are many choices and there are cars out there every bit as good as Honda. I wish the arguing would stop and everyone could simply enjoy chatting about cars and like what they like.

    On a final note, if I had to choose between an Accord and a Sonata right now, I'd probably choose the Sonata just because I'd like to drive something different that everyone else in my neighborhood. Not to mention save several thousand dollars.
  • allfiredupallfiredup Member Posts: 736
    Why would anyone in their right mind lease a car with the intention of buying it at the end of the lease???

    I've only leased a car once and it was a '95 Acura Legend at the end of the model year. They had an amazing lease offer of $349 per month vs. the $700 I'd have to pay in a monthly payment. The lease term was 36 months and at the end, I did buy it. The residual was so high that I made almost $4k off it by buying it. Drove it another eight months, then traded it in.

    Usually, though, leasing doesn't make much sense if you're going to buy. It always ends up costing more to lease than buy. The real reason I leased the Acura was because I was 20 years old and couldn't afford to actually buy it, so I leased.
  • smith20smith20 Member Posts: 256
    If the "fine print" says $1000 on a V6 and $1000 for financing through HMFC, that is exactly right. Plus another $1000 loyalty rebate, which maybe they don't mention because it's not available to the general public.

    I think that's an accurate characterization of the "$2,000 off" deal. It's not anything we didn't already know. :)
  • thegraduatethegraduate Member Posts: 9,731
    I've only leased a car once and it was a '95 Acura Legend

    What about the Maxima you said you leased! Huh!? Huh!? Which is it!!?? Just kidding with you buddy...I agree with you about the earlier Hondas being better handlers, I would say they still are. They just are not miles ahead of the playing field anymore with Mazda in the mix. Personally, I love the excellent vision out of my 96, and it still handles like a charm!
  • thegraduatethegraduate Member Posts: 9,731
    I've only leased a car once and it was a '95 Acura Legend

    What about the Maxima you said you leased! Huh!? Huh!? Which is it!!?? I'm just kidding with you buddy...I agree with you about the earlier Hondas being better handlers, I would say they still are. They just are not miles ahead of the playing field anymore with Mazda in the mix. Personally, I love the excellent vision out of my 96, and it still handles like a charm!
  • goodegggoodegg Member Posts: 905
    Wow. Are there really people out there that would pick the Hyundai over the Honda? You gotta be kidding me. The Sonata has zero appeal in my area. At least an Accord has some panache. The Fusion is nonexistant and the Camry is dated (altho a fine vehicle). Are Hyundai owners paid to go on here and tout their cars?
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