Depreciation
The depreciation graph and accompanying table on our page detail how the 2002 HYUNDAI ELANTRA's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2002 HYUNDAI ELANTRA in 2002 was $20,800.
The average price for used 2002 HYUNDAI ELANTRA nowadays in 2024 is $3,277 which is 16% from the original price.
Estimated mileage driven per year is 10,128 miles.
The graph below is a depreciation curve for 2002 HYUNDAI ELANTRA. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2002 HYUNDAI ELANTRA in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2002 MSRP | 0 mi | $20,800 | — | — | 100% | 0% |
| 2002 | 10,128 mi | $22,990 | −$2,190 | −10.53% | 110.53% | -10.53% |
| 2003 | 20,256 mi | $21,675 | +$1,315 | +5.72% | 104.21% | -4.21% |
| 2004 | 30,384 mi | $19,998 | +$1,677 | +7.74% | 96.14% | 3.86% |
| 2005 | 40,512 mi | $18,987 | +$1,011 | +5.06% | 91.28% | 8.72% |
| 2006 | 50,640 mi | $15,988 | +$2,999 | +15.8% | 76.87% | 23.13% |
| 2007 | 60,768 mi | $14,989 | +$999 | +6.25% | 72.06% | 27.94% |
| 2008 | 70,896 mi | $13,991 | +$998 | +6.66% | 67.26% | 32.74% |
| 2009 | 81,024 mi | $12,305 | +$1,686 | +12.05% | 59.16% | 40.84% |
| 2010 | 91,152 mi | $10,890 | +$1,415 | +11.5% | 52.36% | 47.64% |
| 2011 | 101,280 mi | $9,995 | +$895 | +8.22% | 48.05% | 51.95% |
| 2012 | 111,408 mi | $9,900 | +$95 | +0.95% | 47.6% | 52.4% |
| 2013 | 121,536 mi | $8,991 | +$909 | +9.18% | 43.23% | 56.77% |
| 2014 | 131,664 mi | $8,497 | +$494 | +5.49% | 40.85% | 59.15% |
| 2015 | 141,792 mi | $7,330 | +$1,167 | +13.73% | 35.24% | 64.76% |
| 2016 | 151,920 mi | $5,995 | +$1,335 | +18.21% | 28.82% | 71.18% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HYUNDAI ELANTRA’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2002 HYUNDAI ELANTRA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2002 HYUNDAI ELANTRA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 50,000 mi | $5,499 | 13 sales |
| 60,000 mi | $4,800 | 15 sales |
| 65,000 mi | $4,498 | 18 sales |
| 70,000 mi | $4,495 | 22 sales |
| 75,000 mi | $3,995 | 21 sales |
| 80,000 mi | $3,995 | 15 sales |
| 85,000 mi | $3,970 | 14 sales |
| 90,000 mi | $2,995 | 15 sales |
| 95,000 mi | $2,850 | 17 sales |
| 100,000 mi | $3,510 | 13 sales |
| 105,000 mi | $3,250 | 26 sales |
| 110,000 mi | $3,548 | 18 sales |
| 115,000 mi | $3,650 | 32 sales |
| 120,000 mi | $3,490 | 25 sales |
| 125,000 mi | $3,990 | 27 sales |
| 130,000 mi | $2,997 | 24 sales |
| 135,000 mi | $3,500 | 16 sales |
| 140,000 mi | $2,405 | 29 sales |
| 145,000 mi | $2,723 | 28 sales |
| 150,000 mi | $2,965 | 16 sales |
| 155,000 mi | $2,900 | 28 sales |
| 160,000 mi | $3,342 | 27 sales |
| 165,000 mi | $2,900 | 13 sales |
| 170,000 mi | $1,997 | 10 sales |
| 175,000 mi | $2,560 | 14 sales |
| 180,000 mi | $1,995 | 29 sales |
| 185,000 mi | $2,495 | 22 sales |
| 190,000 mi | $2,785 | 16 sales |
| 195,000 mi | $3,493 | 10 sales |
| 200,000 mi | $2,481 | 13 sales |
| 205,000 mi | $2,470 | 18 sales |
| 225,000 mi | $2,977 | 11 sales |
Frequently asked questions
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of HYUNDAI ELANTRA
2003 HYUNDAI ELANTRA
$4,695 average used price
2,000+ sales records
2007 HYUNDAI ELANTRA
$5,289 average used price
4,900+ sales records
2008 HYUNDAI ELANTRA
$5,376 average used price
8,300+ sales records
2011 HYUNDAI ELANTRA
$7,330 average used price
20,000+ sales records
2015 HYUNDAI ELANTRA
$9,995 average used price
51,000+ sales records
2022 HYUNDAI ELANTRA
$19,998 average used price
36,600+ sales records
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