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Your financial analysis is really only valid if you are going to resell it in a given period. Many of us love our VN's and are planning to keep them much longer. It's like all the money you may have lost on your investments as of late, it's only on paper until you sell. That said I test drove the CTR for 48 hours via Turo and thought it was an amazing car. A good bit better as a high-performance FWD sports car than the VN. But, not really any more fun to drive. AND, I found the VN to be a more livable daily driver for a number of reasons. For one it is a good bit SMALLER. The CTR has a much bigger outer body, for some of us that is a big negative. Another thing I could not get over was the loud engine drone in the cabin which due to the lack of settings you could not get rid of, and I had serious trouble conversing with people over Bluetooth in the CTR because of it. The CTR is a high performance scalpel for a FWD Hatch, no doubt about it. The crispy shifter, heavier clutch and incredible handling is all there, but you know what? Every time I would finish a drive in it I was quite a bit more "spent" if you will, kind of worn out from that performance and sound. With the VN, you get all the fun factor, plenty of performance without the daily driving exhaustion.
Real world prices of the Type-R are still way more than MSRP. You're talking near 40k to get out the door. That's a 12k price difference. That's a lot of money for the relatively small real world performance difference. Plus, I have a personal rule to never spend more than MSRP on a car. That rules out a Type-R for me automatically.

Type-R's resale is definitely way better than the N. But the original poster's analysis assumes the Type-R stays popular. It might but cars are lousy investments in the grand scheme, even popular ones. Just looking at dollars and cents, you're better off in other investments. If I buy a Veloster N for 28k and put the 12k I saved in a mutual fund, I virtually guarantee that I'll be better off financially than the guy who buys a Type-R in 5 years.
 

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Discussion Starter #43
Real world prices of the Type-R are still way more than MSRP. You're talking near 40k to get out the door. That's a 12k price difference. That's a lot of money for the relatively small real world performance difference. Plus, I have a personal rule to never spend more than MSRP on a car. That rules out a Type-R for me automatically.

Type-R's resale is definitely way better than the N. But the original poster's analysis assumes the Type-R stays popular. It might but cars are lousy investments in the grand scheme, even popular ones. Just looking at dollars and cents, you're better off in other investments. If I buy a Veloster N for 28k and put the 12k I saved in a mutual fund, I virtually guarantee that I'll be better off financially than the guy who buys a Type-R in 5 years.

This is a good point here.
 

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Honda’s definitely depreciate slower than Hyundai’s but when you factor in real world selling prices the difference is not nearly as great.
 

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Honda’s definitely depreciate slower than Hyundai’s but when you factor in real world selling prices the difference is not nearly as great.
The KBB Private Party selling price for 1 year old Veloster N with the PP, 10k miles, and in very good condition is $23,650. For the Civic Type R, it's $35,331. So the N lost a bit more value relative to its original purchase price, especially by percentage. Part of that is Hyundai versus Honda. Another part is the Type R is very limited production while the N is not, so it has extraordinarily good resale even compared to other Hondas. But will the Type R maintain this resale performance? That's not guaranteed. Something better may come along, or Honda might start making more of them.

Even if it does, I don't think it matters that much. First, you have to keep the mileage very low and take extraordinary steps to keep it in mint condition if you want go get top dollar down the road. And even if you do that, look at a super desirable car like a 2000 Integra Type R. You're probably looking at 30-40k for a nice one today, on a car that cost about 22k new in 2000. Pretty good right? Well, if you had put the 22k purchase price into a mutual fund that earned 8% average annual return (which would be a pretty mediocre average over 20 years but we'll go with it), you'd have $102.5k right now, and considerably more that that if you also added the money you spent to store, insure, and meticulously maintain the Type R over that 20 years.

Bottom line is that cars are terrible investments, even the best ones. So my view is to get the most affordable fun car you can and drive the heck out of it. If you're looking for pure returns, buy real estate or stocks.
 

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i think alot of this money talk about putting 30-40k in a bank is ridiculous considering id assume the average person doesn't have that kind of money laying around to throw in the bank in the first place (unless im just THAT poor). thats why we finance cars to begin with. this talk of saving 12k over the R and putting the saved 12k into the N sounds pretty on paper but you didnt save jack because you didnt have the 12k to begin with.
cars have been and always will be terrible "investments." to each their own, those who care a bit too much about the finances will go out of their way researching these things, those who dont care about the finances, because regardless you always lose when it comes to cars, will buy what ever it is their hearts desire.
this is a hobby built on passion, not financial statistics.
i love the type R as well as the N because they're both incredible sports cars. everyone clearly has their own opinions,
especially when it comes to design, but to respect others opinion is a major part in being a hobbyist. thats a lesson not enough people know.
im simply tired of everyone fighting all the time because its especially stupid to me that we all HAVE THE SAME HOBBY but were always at each others throats.
critical discussions and comparisons are awesome but some people lean a bit too much on either side and are less open mined than they should be.
 

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You and I are that poor lol! But plenty of people out there with lots of cash lying around convincing themselves that cars are a great investment. Go to Bring a Trailer and Barnfinds and see what people are paying for some vehicles. Yikes.

Anyway, great points. This is why I didn't even think to compare the Type R to the N in investment terms. Really, the two I considered were this and the VW GTI. I briefly considered the Type R last year but the Honda dealers tried to gouge me despite the fact I was a 3 time Honda/Honda Finance customer. You know you're in trouble when you call and they refer you to a "Type R Specialist" LOL!! No way was I buying that car.
 

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I looked up a local inventory for a type r like 3 years ago and that damn dealer still leaves me voicemails and emails begging me to come it to see the type r as if they didnt mark it up to 42k lol
even my local hyundai dealer had a N base, marked up to 42k and they refused to let me test drive it. THE BASE lmao, miami is a dying joke full of idiots who buy these marked up crap. i had to get my car delivered from a dealer in Tallahassee to find a blue PP at msrp.
i love cars way to much but there are few things in life i hate more than dealerships.
 

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Discussion Starter #49
I looked up a local inventory for a type r like 3 years ago and that damn dealer still leaves me voicemails and emails begging me to come it to see the type r as if they didnt mark it up to 42k lol
even my local hyundai dealer had a N base, marked up to 42k and they refused to let me test drive it. THE BASE lmao, miami is a dying joke full of idiots who buy these marked up crap. i had to get my car delivered from a dealer in Tallahassee to find a blue PP at msrp.
i love cars way to much but there are few things in life i hate more than dealerships.
Ha in michigan veloster N with performance package are selling 5k under MSRP.
 

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Ha in michigan veloster N with performance package are selling 5k under MSRP.
I noticed on my search literally any other state had them under msrp but apparently not Florida lol. I believe now, they are under msrp but i havnt checked. This was when they were still fairly new in june 2019
 

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Ha in michigan veloster N with performance package are selling 5k under MSRP.
I'm interested to know the dealer as well. Here in the Austin area, I've gotten a quote that was $2,600 under msrp...$5k would be amazing...

But, there could be a catch. I've seen a lot dealers offer a great price, but had thousands tacked on with dealer accessories...you know the $2,000 up charge for wheel locks, tinted window, nitrogen filled tires, etc :p
 

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I think you can $5000 off on non PP. $5000 off seem unrealistic for PP even for these days. I got mine last week for $27,700 + TT&L.. MSRP was $30,800. You can get more discount for financing through Hyundai credit and being a first responser. I guess I could have gotten another thousand off if I financed and was a first responder. I’m sure I was able to get the deal I got due to COVID-19. In a few months, I am sure you can get better deals, but then you would of had few months less time to enjoy you VN. Just my humble opinion.
 

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Discussion Starter #54
You DEFINITELY can get 5000 off on veloster N with performance package. You have to be a michigan resident. it will be under 25 with performance package. It's called the Mplan, it was discussed in this forum before I believe, or maybe another forum. Anyone from michigan would know.
 

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I couldn't find very many Ns in MI right now. Glassman Hyundai in Detroit has two - for $29,196 and $30,225 so they don't reflect the special. LaFontaine Hyundai has a black one for $25,576 which does seem to reflect the special. But, with KBB showing a fair purchase price of $29,113 right now, what's the old saying? If it sounds too good to be true, it usually is. I'd like to see how this works, and how realistic it is to be able to actually get one in your garage for that cheap. I'm dubious.
 

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if you can find a CTR cheaper then a VN then get it! but in all of Los Angeles the cheapest new CTR I could find was close to 40K and they are not in a hurry to push these cars. Used CTR's with 26K miles go for $34K over here any less and it was a salvaged title.
 

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Still rather have a VN.
 

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Last June, I got a quote on a CTR from a local Honda dealer. $45k OTD after taxes, fees and a $2700 "market adjustment". Uh, no thanks. The CTR is a fantastic car but it's not worth that kind of money under any circumstances.
 

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My insurance is also a hell of alot cheaper than my civic touring. So I can assume that the type r difference was even more.
 
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