Diminished vehicle value due to lower mpg

[stanjo]

Originally Posted by FloridaGator

The small print under the Fuel Economy Section of the window sticker:

Actual results may vary for many reasons, including driving conditions and how you drive and maintain your vehicle.

Except the disclaimer doesn't say your mileage may vary because we lied about the EPA numbers.

Originally Posted by FloridaGator

Today, it's the same car as it was a year ago except for the tested MPG numbers have been revised down a little.

It is to be seem by how much they need to discount new cars to move them off the lot. That is the actual and measurable "lost value" due to false advertisement.

Originally Posted by FloridaGator

Many folks will never get those numbers anyway because of the way they drive and/or the environment they drive in or even fuel composition and/or fuel quality.

So it's ok to print whatever EPA number works best for our marketing campaign?

Originally Posted by FloridaGator

I just don't believe the change will affect the value of the car now and certainly not in the future.

It is to be seen if they can move new cars at the old prices with the new EPA sticker.

The way I look at it, for as long as I own the car I'm fine, because I'm being compensated for the difference, and the diff. is not that big to start with. However, when I need to sell the car I will be selling a vehicle made by a brand that is now perceived to be second-tier, lying, cheating Korean junk. And believe me, buyers will be rubbing this to my nose.
Some say, it's the same with Saab going bankrupt and Suzuki abandoning their customers. Well, the end result may be similar for the owner, but going bankrupt or retracting from a market is not illegal. Lying on the sticker IS ILLEGAL.

[stanjo]

Originally Posted by freshsqueezedsaturns@yahoo

The one thing they could do is extend the program to owners, period. Whether that is the original, or subsequent. THEN there is no loss.

They acknowledge the fuel consumption is higher. Fuel consumption is one of the considerations (some) buyers use when deciding to buy. The resale market for the vehicles IS impacted because the car doesn't get as good mileage. You aren't being realistic. It may be small but there is no doubt it is there.

Amen!

[Buerkletucson]

Originally Posted by freshsqueezedsaturns@yahoo

Hey, did you not read that we intend to keep our Elantra for at least 8 years!

If your keeping the car for at least 8 years why do you give a rip about resale value?
Do you really think anyone will remember or care 8-years from now?
I seriously doubt it.......I bet 1 year from now nobody will know or care.

Originally Posted by freshsqueezedsaturns@yahoo

I owned a toyota prius for 11 years. The bad publicity DID affect their resale due to buyer concern.

I sold a Toyota Corolla right in the midst of the Toyota hazing........
I sold it <actually traded> for $1200 over KBB. No problems and I made out like a bandit. They actually would of purchased the car for this price even if I didn't buy a new vehicle and trade it in.
I seriously doubt it affected value much at all and definitely not for the long term.

Like I said......life is just to short. Let it rest.
Or, sell the car if it's so frustrating for you......cut your loses now.

We're enjoying our vehicles and really could care less.........
I'm not sure if I will even mess with running to the dealer for a whole $55 per year.

[Xion]

we will get a prepaid credit card a year untill we sell the car, I will get $200, that's 4 fill up so why should I complain? they give me back the gas I should have saved.

[OkieRich]

Originally Posted by Buerkletucson

Do you really think anyone will remember or care 8-years from now?
I seriously doubt it.......I bet 1 year from now nobody will know or care.

Huh? About what? Seriously, as long as there are disgruntled owner's looking for a shyster to get them a $2.00 class action pay-out, this thing may never die.

[TurboLed]

Originally Posted by OkieRich

Huh? About what?

Where am I ?

[libertyguy20]

Originally Posted by Don67

Why stop at fuel cost compensation when you can file a claim for vehicle depreciation? And once you're there, heck, why not throw in a few more bucks for pain and suffering and loss of enjoyment? In fact, let's just all quit our jobs and live off Hyundai! When they run out of money Obama will bail them out anyway!

I'll end it there before I start going off-topic

X100 Don!

[Em-squared]

Guess I traded in my Elantra just in time, before all of this news hit. I would have hated to take any LESS for it.

[ravenspilot]

Guy in a comment thread over at The Truth About Cars - one of several dealing with the revised Hyundai/Kia MPG figures - made an acid comment to the effect that perhaps they could always throw Hyundai's engineers and executives in the same jail they're using for those Italian scientists who "failed" to predict the earthquake.

Which would make as much sense; you can't really guarantee that any given driver is going to get the EPA-estimated MPGs in any given car due to all the factors that go into it (driving style, environment, and so on).

But hey, in this insane, litigious society...I suppose - as another poster over there remarked - that "your mileage may vary" is now "void where prohibited by law."

[ASelantra]

Originally Posted by ravenspilot

I expect that by the time I trade my Elantra off "diminished value" will be a moot point, seeing as how I'm planning to keep Raven for at least seven years, barring something catastrophic. At fifteen thousand miles a year, give or take, that will put me at around 105K on the odometer.

That assumes, of course, that I can still afford to buy a new car in the future. Or even afford to actually drive one. Or that society hasn't totally collapsed into Mad Max-style savagery by then, which after the results of the election last night seems more and more likely.

The good news is that even at the reduced mileage figures of 28/38 mpg for the Elantra, I can go farther afield in my never-ending search for scarce gasoline in that grim post-apocalyptic future, and go longer between fillups, than that guy in the bike leathers with his supercharged V-8 Interceptor. He'll be stuck on the side of the road, out of gas, waving his shotgun in futility and yelling incoherently as I drive away...



Oh, sorry, no politics. My bad...

Lol, your Mad Max styled Elantra is going to look sick in the future! I'm thinkin' lots of spikes and some eco-mods...