The Hyundai Palisade arrived in 2020 to replace the aging Santa Fe XL. It made an immediate impact with its size, technology and reasonable suggested price. And the Palisade has an ace up its sleeve: it’s quite a luxurious full-time SUV, big enough to rival its Honda, Toyota and Mazda rivals with its borderline premium cabin and refined driving manners.
Starting prices for the 2021 Hyundai Palisade range from $33,860 to $49,085, reminiscent of the days before the war, with inflation and rising fuel prices spoiling the fun. These days, the 2026 Palisade starts at $41,035 and goes up to $58,160. However, you are getting an all-new second generation model that looks better and has a wonderfully plush interior, which is enough to wow established premium automakers in the design and materials department.
How the 2021 Palisade is priced should provide insight into the expected depreciation curve of the new Palisade. according to car edgeThe Hyundai Palisade will depreciate by 49% after five years. The number is very high, but it is somewhat consistent kelly blue book Figure 35% depreciation in the last three years.
Also said, K.B.B. The range-topping 2021 Hyundai Palisade Calligraphy, which had a base price of less than $48,890, is now priced at around $27,200, or 44% less. Meanwhile, the base Palisade SE, which started at $33,665, now has a fair purchase price of $20,300, or 40% less.
2021 Hyundai Palisade vs. Kia Telluride: Which Depreciates Faster?
Hyundai and Kia are basically sister companies, and their vehicles generally share platforms and mechanicals. The Hyundai Palisade and Kia Telluride are built on the same platform and are basically the same vehicle underneath. But with the Palisade’s focus on everyday luxury and the Kia Telluride’s outdoorsy, sportier demeanor, how do they compare in depreciation?
car edge says the Kia Telluride will lose 51% of its value after five years, slightly faster than the Hyundai Palisade. Both Hyundai and Kia are considered to have some of the worst resale values, which is somewhat odd since the Kia Telluride is one of the best three-row family SUVs. Again, brand cachet, new car incentives, fleet sales, the Theta II engine recall, and a power train warranty that is non-transferable (despite having one of the longest warranties in America) have all played a role in how buyers view the Hyundai and Kia brands.
There are also costs to owning a Telluride or Palisade. according to edmondsThe five-year ownership cost of the 2021 Hyundai Palisade Calligraphy is $50,930 (though this may vary by location). In the fifth year, depreciation alone would have cost the owner $19,315, and fuel expenses would have been about $11,525. It’s not much different from a 2021 kia telluride Its five-year ownership cost is approximately $51,435, of which more than $18,000 came from depreciation alone.
The good thing is that running a used Hyundai Palisade has never been more economical. And the 2021 model has a 291-horsepower V6 engine, eight-speed automatic transmission, seating for seven or eight passengers, an 8-inch touchscreen, wireless Apple CarPlay and Android Auto, LED headlights, and more.
