Originally Posted by
fastforward
They've both come a long way, but the resale will get you.
The hyundais and Kias will virtually be worth next to nothing as soon as you drive them off the lot. All cars suffer from depreciation, but theirs is to the extreme. I'd seriously reccommend Gap Insurance if you plan on owning one. This insurance will cover replacement value not the actual value of the car. If you pay $15,000 for a Kia and immediatly its worth $5G or less, you are going to have to continue to pay $10G for your car if it gets totaled. Gap will cover this "gap" in the value and the replacement value. But Gap isn't cheap. So you might as well spend that extra cash on a better car thats worth the payment.
That will be the case if you try to trade it in.I broke dead even in my accident and actually would have got money back if i didnt have it sit at the tow yard.Yea i reccomend gap to anybody i paid $150 mine a dealer will rip you apart with thier gap prices.Ive seen them as high as $700.