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Cost to Own

2024 Hyundai Palisade Cost to Own

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A 2024 Hyundai Palisade will depreciate $17,122 after 5 years and have a 5-year residual value of $20,923. With out of pocket expenses at $36,806, the total Cost to Own of the 2024 Hyundai Palisade is $53,928.

Style
Miles Driven / Year
Lower Costs than Most

The 2024 Hyundai Palisade is in the top 11-25% for Cost to Own among all Mid-size SUV/Crossovers.

5-Year Cost to Own: $53,928

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $36,806
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
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Depreciation
Depreciation (Loss in Value) $17,122
The car's estimated loss in value from the purchase date over 5 years.
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Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

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Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Hyundai Palisade photo
2024 Hyundai Palisade

Cost to Own: $53,928

MSRP: $38,045

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Compare Out of Pocket Expenses

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Hyundai Palisade
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See Details
Total Out of Pocket Expenses
$36,806
-
-
Fuel
$6,909
-
-
Maintenance
$4,020
-
-
Insurance
$17,640
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-
Repairs
$689
-
-
Financing
$4,534
-
-
State Fees
$3,014
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-

Compare 5-Year Depreciation

2024 Hyundai Palisade
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5-year Cost to Own Breakdown

2024 Hyundai Palisade
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,466
$1,392
$1,355
$1,350
$1,346
$6,909
Insurance
$3,528
$3,528
$3,528
$3,528
$3,528
$17,640
Financing
$1,573
$1,257
$924
$574
$206
$4,534
State Fees
$2,834
$45
$45
$45
$45
$3,014
Maintenance
-
-
$803
$2,209
$1,008
$4,020
Repairs
-
-
-
-
$689
$689
Depreciation
$7,839
$3,319
$2,283
$1,997
$1,684
$17,122
Cost To Own
$17,240
$9,541
$8,938
$9,703
$8,506
$53,928
2024 Hyundai Palisade Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$17,122
5-Year Out of Pocket Expenses:$36,806
5-Year Cost to Own:$53,928
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FAQs

As of June 2025 insuring a Hyundai Palisade 2024 will cost approximately $17,640 dollars to insure per year, or $1,470 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of June 2025 average annual maintenance costs for a Hyundai Palisade 2024 run about $804 dollars, totaling approximately $4,020 dollars over five years.

As of June 2025 average annual depreciation for a Hyundai Palisade 2024 runs about $3,424 dollars, totaling approximately $17,122 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Hyundai Palisade 2024 can be expected to depreciate around $17,122 dollars over the course of 5 years, averaging $3,424 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Hyundai include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Hyundai Palisade 2024 run about $804 dollars or $4,020 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Hyundai.

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