Negotiating leverage
79
strong leverage / 100
~59 days of national supply and listings typically ~12% above fair price — strong leverage to negotiate.
Ridekick price intelligence
2016 Hyundai Elantra Price: Fair Market Value & MSRP
A mileage-adjusted read of comparable active listings—not a quote for a specific VIN, trim, condition, or location.
Fair market price
$7,808
Inside the middle half of current listings.
Price intelligence
A map of today's market
Fair price is in the typical market range
$2,900$16,995
- Typical market range
- $6,795–$10,990
- Ridekick fair price
- $7,808
- Original MSRP range
- $17,250–$21,700
Middle 50% of active listings
Mileage-adjusted estimate
4 sourced trims when new
Buyer context
Market pulse
Signals to help you frame a conversation—not a promise about a particular vehicle or dealer.
National supply
59
days of supply
Balanced market
Supply and demand are roughly balanced for the 2016 Hyundai Elantra.
Estimated dealer cost (invoice)
$15,870–$16,560
Estimated dealer invoice — about $17,250 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| SE | $7,647 | $17,250 | $15,870–$16,560 |
| Value Edition | $8,440 | $19,700 | $18,124–$18,912 |
| Sport | $9,432 | $21,250 | $19,550–$20,400 |
| Limited | $13,190 | $21,700 | $19,964–$20,832 |
Trim comparison
How each trim is priced
Estimated dealer cost Original MSRP Fair price
Trim
$6,523$14,674$22,824
Fair priceSE
$7,647
SE: fair price $7,647, original MSRP $17,250, estimated dealer cost $15,870 to $16,560.
Value Edition
$8,440
Value Edition: fair price $8,440, original MSRP $19,700, estimated dealer cost $18,124 to $18,912.
Sport
$9,432
Sport: fair price $9,432, original MSRP $21,250, estimated dealer cost $19,550 to $20,400.
Limited
$13,190
Limited: fair price $13,190, original MSRP $21,700, estimated dealer cost $19,964 to $20,832.
All marks use the same price scale. Dealer cost is an estimate; original MSRP and fair price are shown for context, not as a guarantee of a particular vehicle’s price.
Out-the-door price by state
Out-the-door for a 2016 Hyundai Elantra runs about $8,119 in MT to $9,352 in NJ — fair price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $566 | $110+ | $8,484 |
| TX | $488 | $332 | $8,628 |
| FL | $468 | $1,074+ | $9,350 |
| NY | $312 | $371 | $8,491 |
| PA | $468 | $587 | $8,863 |
| IL | $488 | $683 | $8,979 |
| OH | $449 | $444 | $8,701 |
| GA | $547 | $637 | $8,992 |
| NC | $234 | $793 | $8,835 |
| WA | $508 | $215+ | $8,531 |
| OR | $0 | $525 | $8,333 |
Estimates using each state's base tax rate. Local (city/county) taxes can add 1–3% in many areas, dealer doc fees vary, and some states base registration on vehicle value or weight (shown with a "+"). Trade-in tax credits are not included.
Out-the-door price by state: California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, Washington, Oregon
Fuel economy
28
MPG city
37
MPG highway
31
MPG combined
EPA-estimated fuel economy for a representative 2016 Hyundai Elantra configuration (Regular).
Safety & recalls
2 open NHTSA recalls on record for the 2016 Hyundai Elantra.
LATCHES/LOCKS/LINKAGES:TRUNK LID:LATCH
Hyundai Motor America (Hyundai) is recalling certain 2015-2016 Elantra vehicles. The trunk latch may become damaged, preventing the opening of the trunk from the inside. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 401, "Internal Trunk Release."
Remedy: Dealers will replace the trunk latch base sub-assembly, free of charge. Owner notification letters were mailed April 5, 2024. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 256.
Campaign 24V146000 · 23/02/2024
AIR BAGS:FRONTAL:DRIVER SIDE:INFLATOR MODULE
Hyundai Motor America (Hyundai) is recalling certain 2015-2016 Elantra and 2016 Elantra GT vehicles. The driver's air bag inflator may rupture during deployment.
Remedy: Dealers will inspect and replace the air bag inflator, as necessary, free of charge. Interim notification letters, notifying owners of the safety risk, were mailed July 3, 2026. Additional letters will be sent once the final remedy is available, anticipated August, 2026. Owners may contact Hyundai customer service at 1-855-371-9460. Hyundai's number for this recall is 300. Vehicle Identification Numbers (VINs) involved in this recall became searchable on NHTSA.gov on May 16, 2026.
Campaign 26V307000 · 15/05/2026
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Questions buyers ask
What is a fair price for a 2016 Hyundai Elantra?
A fair, mileage-adjusted price is about $7,808, within a typical market range of $6,795 to $10,990.
Is the 2016 Hyundai Elantra cheaper than MSRP?
Yes — its original MSRP was about $17,250, so a fair used price is roughly $9,442 below MSRP.
What is the out-the-door price of a 2016 Hyundai Elantra?
Out-the-door (price plus state tax, title, registration, and a typical doc fee) runs about $8,119 in MT to $9,352 in NJ, depending on your state. Local taxes can add more.
Is now a good time to buy a 2016 Hyundai Elantra?
There are about 59 days of national market supply for the 2016 Hyundai Elantra — Supply and demand are roughly balanced for the 2016 Hyundai Elantra.
How much can you negotiate on a 2016 Hyundai Elantra?
Negotiating leverage rates 79/100 (strong). ~59 days of national supply and listings typically ~12% above fair price — strong leverage to negotiate.
What does the dealer pay for a 2016 Hyundai Elantra?
The estimated dealer cost (invoice) is roughly $15,870–$16,560 — its $17,250 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 8/2/2026. Estimates only; your price depends on condition, options, and location.