Buying a used midsize SUV is a great way to save plenty of money on a vehicle that’s still reliable. Used SUV models often lose a big chunk of their value as soon as they roll off of a car lot. The Hyundai Palisade is one of the best used midsize SUVs on the market. In some cases, the value of a used model actually increases because of supply and demand. How much should you pay for a used 2021 Hyundai Palisade?
How much should you pay for a 2021 Hyundai Palisade?
The 2021 Hyundai Palisade has an MSRP of $32,675. It’s affordable compared to most of its midsize competitors. The Palisade is the cousin of the South Korean popular midsize SUV, the Kia Telluride.
The Palisade and Telluride are very similar in many ways, but their exterior designs and trim features differ. The 2021 Hyundai Palisade actually often goes for more than its MSRP. According to Kelley Blue Book, the 2021 Hyundai Palisade has a fair purchase price of $34,255. That’s $1,580 more than the 2021 Palisade’s MSRP.
The Palisade is one of the rare models that has appreciated with time because of the limited supply of models produced and the demand for the midsize SUV. We’ve witnessed this phenomenon with the popular Toyota Tacoma. Some nameplates are so popular that used models can sell for higher prices than brand-new models.
Since buying a used 2021 Hyundai Palisade won’t necessarily always save you money, is the used SUV worth buying? The short answer is, it depends on the mileage and price of the Palisade. If you can find a 2021 Hyundai Palisade for under $32,675 with low mileage, it could be worth jumping on. That being said, most consumers will opt to spend a little more on a new Palisade.
The 2023 Hyundai Palisade provides sufficient value for its price
The 2021 Hyundai Palisade is more affordable, but the price difference isn’t significant enough to justify passing up the new model for most drivers. The 2023 Hyundai Palisade uses a 3.8-liter V6 engine to make 291 horsepower. It achieves 19 miles per gallon in the city and 27 miles per gallon on the highway.
The 2023 Palisade is affordable, packed with standard features, and technologically advanced. It’s one of the best midsize models money can buy, but should it be your first choice?
The Kia Telluride still reigns supreme
It is recognized as the best midsize SUV on the market by several different automotive publications. If you want the best the industry has to offer, go with the Telluride.
Read more about the Kia Telluride in the next article below.