Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 HYUNDAI SANTA FE'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) 2020 HYUNDAI SANTA FE in 2020 was $31,445.
The average price for used 2020 HYUNDAI SANTA FE nowadays in 2024 is $21,995 which is 70% from the original price.
Estimated mileage driven per year is 10,883 miles.
The graph below is a depreciation curve for 2020 HYUNDAI SANTA FE. 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 2020 HYUNDAI SANTA FE 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $31,445 | — | — | 100% | 0% |
| 2020 | 10,883 mi | $41,500 | −$10,055 | −31.98% | 131.98% | -31.98% |
| 2021 | 21,766 mi | $29,441 | +$12,059 | +29.06% | 93.63% | 6.37% |
| 2022 | 32,649 mi | $26,485 | +$2,956 | +10.04% | 84.23% | 15.77% |
| 2023 | 43,532 mi | $24,500 | +$1,985 | +7.49% | 77.91% | 22.09% |
| 2024 | 54,415 mi | $21,995 | +$2,505 | +10.22% | 69.95% | 30.05% |
| 2025 | 65,298 mi | $19,990 | +$2,005 | +9.12% | 63.57% | 36.43% |
| 2026 | 76,181 mi | $16,460 | +$3,530 | +17.66% | 52.35% | 47.65% |
| 2027 | 87,064 mi | $15,695 | +$765 | +4.65% | 49.91% | 50.09% |
| 2028 | 97,947 mi | $13,750 | +$1,945 | +12.39% | 43.73% | 56.27% |
| 2029 | 108,830 mi | $13,550 | +$200 | +1.45% | 43.09% | 56.91% |
| 2030 | 119,713 mi | $12,500 | +$1,050 | +7.75% | 39.75% | 60.25% |
| 2031 | 130,596 mi | $11,490 | +$1,010 | +8.08% | 36.54% | 63.46% |
| 2032 | 141,479 mi | $9,060 | +$2,430 | +21.15% | 28.81% | 71.19% |
| 2033 | 152,362 mi | $7,995 | +$1,065 | +11.75% | 25.43% | 74.57% |
| 2034 | 163,245 mi | $7,587 | +$408 | +5.1% | 24.13% | 75.87% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HYUNDAI SANTA FE’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 2020 HYUNDAI SANTA FE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 HYUNDAI SANTA FE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $25,498 | 14 sales |
| 10,000 mi | $25,613 | 56 sales |
| 15,000 mi | $25,489 | 115 sales |
| 20,000 mi | $24,488 | 215 sales |
| 25,000 mi | $23,800 | 313 sales |
| 30,000 mi | $23,935 | 512 sales |
| 35,000 mi | $23,000 | 487 sales |
| 40,000 mi | $22,846 | 408 sales |
| 45,000 mi | $21,998 | 407 sales |
| 50,000 mi | $21,495 | 288 sales |
| 55,000 mi | $21,246 | 340 sales |
| 60,000 mi | $20,769 | 338 sales |
| 65,000 mi | $19,991 | 282 sales |
| 70,000 mi | $19,717 | 226 sales |
| 75,000 mi | $19,405 | 171 sales |
| 80,000 mi | $19,057 | 116 sales |
| 85,000 mi | $19,457 | 85 sales |
| 90,000 mi | $18,376 | 73 sales |
| 95,000 mi | $17,912 | 40 sales |
| 100,000 mi | $17,988 | 53 sales |
| 105,000 mi | $17,900 | 27 sales |
| 110,000 mi | $15,955 | 20 sales |
Frequently asked questions
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
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.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
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.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Aftermarket modifications can affect the depreciation of 2020 HYUNDAI SANTA FE either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of HYUNDAI SANTA FE
2003 HYUNDAI SANTA FE
$4,000 average used price
2,600+ sales records
2012 HYUNDAI SANTA FE
$9,060 average used price
19,100+ sales records
2014 HYUNDAI SANTA FE
$12,500 average used price
51,700+ sales records
2015 HYUNDAI SANTA FE
$13,550 average used price
37,100+ sales records
2022 HYUNDAI SANTA FE
$26,485 average used price
51,800+ sales records
2023 HYUNDAI SANTA FE
$29,441 average used price
3,100+ sales records
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2020 HYUNDAI SANTA FE on BADVIN
