Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Midsize Sedans Comparison Thread
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
So insurance companies have an incentive to charge the highest premium they can get away with, but they can't go TOO high or they create adverse selection. They have an incentive, in fact, to make riskier customers pay mroe and less-risky ones pay less.
OK - so, hopefully what I've said so far is no big deal - surely, in-house, the insurance comapnies want the most accurate data they can get on the risks of different models (as well as on the risks of different drivesr, which they get from age, gender, tickets, accidents, etc.).
But what you seem to be saying is that in public, it's a different matter. The IIHS is an industry front, not an industry data source - and is giving the public fudged, skewed data meant to mislead, so that the insurance companies can jack up their premiums in the most profitable ways. They might, for example, take a particularly popular car and give it a poor crash-test rating so that they can jack up the premiums. They might give better crash-test ratings to an unpopular car.
But... if I were an editor at Edmunds.com, or Consumer Reports, or the NY Times, or Wall Street Journal, or any other standard news publication, I'd say. Wait a second - sounds interesting, but can you prove the assertion? Do you have two independent, reliable sources? Evidence that for each increase in one car's crash-test scores there's an equal and opposite decrease in some other model's scores so that it all comes out even each year? Or whatever - something other than hints? In short, can I see the evidence that the IIHS is fudging its data?
I'm as cynical as anyone else, so I'm not saying you're wrong. Usually, I'd love to bash insurance companies, so it's surprising I'm not doing that here. I just need to see some evidence before I concede that you're right. If you have it, lay it on me - I'm very, very interested.
(As for crash tests being not perfect proxies for real-life,, nobody has ever disputed that, but this is another issue and we'll get into that another time. Let me focus now on the fudged-data implication.) Thanks for anything you can tell me.
~alpha
"the sonata was found to be the new benchmark in my books"
What about the Sonata sets it apart from Accord and Camry (besides the price)?
The Accord was considered a benchmark for this generation because it came with features never seen before in a mid-size sedan (dual-zone climate control, 240 hp) What also put it ahead is how a 240hp engine can have good fuel economy (it literally left editors marvelling at its brilliance). I know the Sonata has a great price and is feature packed BUT i dont see how its an industry benchmark (what more does the Sonata offer?).
"The camry and accord just aren't as sophisticated and classy currently compared to the sonata"
I dont see how the Sonata is more sophisticated? The Accord produces 240hp and is near the top in fuel economy. If the Sonata is suppositly more sophisticated it should have better fuel economy (imo) The Sonata still doesn't match the Accord and Camry when it comes to overall refinement.
By the way, I don't know where you're located, but in some areas (CA, NJ, etc.) 05 Accords are selling for up to $1,800 under invoice. So, you may be able to do better than your current $400 below invoice depending on the area. If you haven't done it yet I would recommend you check carsdirect.com for prices in your area (zip code), and if prices are not low enough try some major cities that are relatively close to you. This may save you hundreds of dollars.
Good luck.
If you're comfortable with the current styling of the Accord and you don't care about VSA (which will probably be standard on most mid-size family sedans in next 2-3 years, Hyundai just raised the bar by making it standard on all 06 Sonatas) and a few other new features, then buy the 05. The deals right now are great, especially in states like CA & NJ. We're waiting for the 06. We also considered waiting for the 07 Camry (coming in about 8-10 months), but we don't want to wait that long, hoping Toyota improved the steering/handling.
Good luck.
Question:
I found an 03 camry in mint condition with all the airbag safety features I want.
Can anyone advise on this? the seller is about $50 bucks above blue book and $100 less than Edmunds true market value price. I've heard the best deals or on cars 2 or 3 years old. However, with hondas selling below invoice, I don't know if that makes up for the typical depreciation one would face when first driving a new car off the lot. (I've always heard it's best to buy a car 2 or 3 years old with low miles if you can find one0.
So, does it make more sense to get a price below invoice on a new car or to pay true market value price for private party seller price on a used one? The car is in excellent shape. The owner was very meticulous with it. I think that's why he's being such a stickler on the price.
In other words, does the fact that dealers are selling the 05 accords below invoice make up for typical new car depreciation? how do I figure that out? is there a formula?
Keep in mind that buying the least expensive example of any used vehicle is probably akin to buying the worst cared for car. A good detail can hide years of neglect. Sometimes paying a little more up front will save you a lot of aggravation down the road.
I feel like I'm getting a better "deal" with the new one since they are under invoice and thus under true market value, however, this used car with low miles gives me a chance to get things I wouldn't pay for otherwise but that I like (spoiler). It has the advanced safety features like the side curtain airbags...also rare in a 2 or 3 year old model. I'd be saving about $3700 off the price of a new one. I know new cars depreciate most in first two years so that's why the general advice is to find a well-cared for car with low miles 2 or 3 years old. However with new prices so low, it's hard to figure out which way would be better in the end.
Opinions here?
You didn't specify the mileage on the two-year-old Camry so it's difficult to evaluate the deal. Was it an "early" 2003? Or, was it made later in the model year? That should be part of your equation. It could be closer to a three-year old than a two-year old.
Have you seen all maintenance records? Has it been serviced by the Toyota dealer? Do they have computer records of all service and any areas of concern?
How is depreciation affected by the fact that new cars are selling for about 300 below invoice in my area? I looked at some formulas and it shows they are depreciating at about $3000 the first year. So wouldn't I save in the long run with the used car since the initial buyer had to take the hit in depreciation?
It sounds like price is your primary consideration. If that's the case, then the '03 Camry is your best bet. That's clearly the cheaper alternative and if you don't really yearn for a brand new car, then no matter how good a deal the new car price is, it's going to be more expensive both in initial outlay and depreciation over any time period you want to use.
Look at the Edmunds "true cost to own" calculators to get a comparison.
My primary considerations are cost (both short-term and long-term) and reliability.
Of course, this is not exactly comparing apples and apples since the accord tends to retail for $500 more than the camry, right?
When I do true market value on the comprable 05 camry, it's about $300 under TMV. There was no option for spoiler (which the used one has) so I coudn't factor that in, though I think there is some curbside value to that.
Doesn't that skew the TMV values and make them reported higher than they actually are?
Otherwise, let's see what the folks here think.
I hope I don't offend you if I say you are over analyzing this. Unless you plan to trade the car in 3 years (in which case you ought to just lease a brand new one), the difference will decrease the longer you keep the car.
I leased my first new car (a Toyota SE-V6) in 30 years in April. I was looking at 2 year old lease turn-ins and decided to spend the extra bucks and enjoy a brand new car. I knew it wasn't the best deal economically but sometimes you just want to treat yourself.
Private Seller = NO WARRANTY
Unless you are in love with this exact car, I would look elsewhere.
cruis'n in 6th :shades: ,
MidCow
Accords and Camrys don't depreciate like typical domestic cars so you're not going to save all that much buying used compared to new (but you will save some).
Regarding depreciation: how long do you plan to keep the car? In 4 years, you'll have either a 4 year old car OR a 6 or 7 year old car. What is the 4 year old car liable to be worth vs what the 6 or 7 year old car will be worth? A lot hinges on the price difference between the new car and the used car. Depending on how many miles you drive per year, in 4 years you could still have the original tires, battery and lower overall maintenance cost. If you buy the used car you will probably have had to replace tire, brakes, battery and if you drive only 7500 miles per year, you'll have had (or will be looking at) the 60K service interval--which for most cars is the most expensive maintenance.
As someone said earlier, you should make your decision on the price difference, all other things being equal. I think he said $4,000. If that's affordable, great. If not, determine what difference is affordable and weigh it against the above considerations.
They also got a 0 to 60 of 7.0s. This was equal to their number for the Accord EX-V6, and only beaten by the Altima 3.5SE manual.
"Use regular unleaded fuel with 87 octane. For maximum power, use premium fuel."
And isn't the Nissan Altima 3.5SE rated at like 6.3 seconds in automatic trim.
The 3.5SE manual gets like 5.9 seconds 0-60.
The Accord isnt that far behind the VQ Altima, but it doesnt run as quickly, IIRC.
~alpha
That's going to be an interesting comparo....
Funny thing is that the SER isn't any faster than the Altima 3.5SE....
Oh well...
17" alloy rims
Vehicle Stability Control
Heated side mirrors
6 MT option
These features (except the 6 manual tranny option) seem to be pretty much a response to the 2006 Sonata.
As far as performance goes. Without a head-to-head comparison there is no way to know which is quicker. All three sedans have a similar HP output. However, based on previous experience my money is on the Honda 4 cylinder and the Honda V6. Both engines will be gaining 10 more HP for 2006 along with a 6-speed manual option for the V6 sedan.
Interior volume is an advantage for the Sonata. However, a Ford 500 is a larger car than the Sonata. Does that mean it's a better car? Heck, a Sonata is larger than a BMW 3-series but that doesn't mean that the BMW 3-series is chasing the Sonata.
I am basing safety on the availability of ABS, traction control, VSC, side airbags and curtain airbags, and active head restraints on all Sonata models. Of those features, Accord has only ABS and side bags and curtain airbags standard on all models. Camry has only ABS standard on all models. If Sonata does poorly on the crash tests, I'll retract my statement.
As far as performance, C/D has tested all the mid-sized sedans using the same methodology. They found that the Sonata ties the Accord V6 in 0-60 and beats the Camry V6. The only car in this class that tested faster is the V6 Altima with a manual shifter. And since we are talking present tense here... I can't buy the '06 Accord or Camry yet.
Does a larger interior make the Sonata a better car? All things being equal, I'd rather have more space in my car than less space, especially if there is no penalty in the car's length. Wouldn't you?
Obviously the Sonata is not the car for you because you need a stick shift and a moonroof. That doesn't mean it isn't a desirable car for others.
Performance can vary depending on temperature. If they tested one car in the summer and one car in the winter there would be different results. Either way, with 240HP the Accord is comparable to the Sonata. Again, the 2006 Accord will have 240HP and the 4 cylinder will also get a bump to 170HP. So it's safe to say that with 10 more HP the Accord will probably have a slight advantage even if they are equal now. And to say that we must talk present-tense is very near-sighted. The 2006 Accord will be out within a few months. Just as you thought Dan Healy should have acknowledged that all Hyundai's will have XM in the near future I think it's only fair to point out what the Accord will have in the near future.
The Accord has more than enough room for what we use it for. If I needed more room I would look for a car with more room. Since the Accord has enough for me it's a non-issue.
I never said it wasn't desirable to some. My point is that some are saying that the Accord and Camry are now chasing the Sonata. If all you look at is price then that may be true. All things considered though the Accord and Camry are competitive in all categories and they are a known entity. Let's wait until we have crash tests, reliability data, and resale info before we say the Accord and Camry are now on the chase.
Pick any one single attribute for a mid-sized car and you can skew the results.
I think backy was talking the total package, everything that comes with the Sonata vs other models. Where does one get the most bang for the buck?
Sonata seems to be leading the way. Mine is a 3 month old '05, a different car. So far, 2900 miles, it's been fantastic. Compared to other '05's, quality, features & bang for the buck, there was no comparison. Sure a Toyo or Honda could have gotten me about the same features as the '05 GLS SV...for several thousand more dollars.
You bought the 05 Sonata? No offence but it is nothing compared to the Accord. Quality, Features, Safety, Ride, Engine the Accord leads the way. But the 06 Sonata I admit is comparable to the Accord but i feel the Accord has a better engine, interior and craftmanship. Hyundai did make a huge improvement but i think there is still some room for improvement if it's going to be considered better then the Accord or Camry.
You talk about safety?? 2005 Elantra got prob the best safety scores out of any compact size cars, and sonata heavily borrowed what was great in the elantra for safety into their "saviour" car. Plus just to make sure they went beyond to add side airbags, stability, traction control standard. If you don't call that safety measures than i don't know what to say.
Reliabitly?? i don't know if u know about JD power quality who are one of the worlds most renowed quality measuring for auto car companies out there, Hyundai was ranked top three in its category for 05 , something accord and camy even by their own owners will not admit.
You add into the size of the car, quietness, exterior design, suspension, and price advantage over accord and camry, with on par engine(maybe no tech wise, but how quiet it is, smoothness, operation) how else can accord nor the camry be leading ?
I'm not here to put down these fine cars, but i think honestly Hyundai went over and beyond to make 06 sonata. Anynomysposts drive one , you won't believe it yourself
LAstly the mid cycle Accord is going to be sad. Only the back design and a few design changes, but almost zero changes to suspension or other important areas of the cars will happen.
If i was hyundai i would worry about 07 camry, which should be better, though i still would guess it would lack "sporty" appeal, though everywhere else improves.
2006 Hyundai Sonata is leading but may have a hard time leading "honda" "toyota" reputations, anyone rational will get it
ps. read it again, the cons are not even what you call real cons.
http://www.caranddriver.com/article.asp?section_id=3&article_id=9741&page_number=1
The mid-cycle Accord refresh is improving what is already one of the best sedans in the class. How is adding more HP, more safety features, more options, and a new transmission choice as well as improving the styling sad? They are adding a 6-speed manual V6 sedan as well.
I have seen you go from forum to forum with that same link trying to get a rise out of someone. It's not going to happen. People who want Accords and Camrys will buy Accords and Camrys and barely give the Sonata a sideways glance. That may change if the Sonata proves to be reliable and the crash tests are impressive. But for now the Sonata is the underdog and the Accord and Camry are the all-stars.