Quick Answer: Does Honda Have A Good Resale Value?

What cars have the best resale value?

Cars with the Best Resale ValueMazda3 – Residual Value: 53.9%Honda Accord – Residual Value: 52.8%Mazda MX-5 Miata – Residual Value: 52.7%Toyota Yaris – Residual Value: 51.9%Kia Forte – Residual Value: 51.5%Subaru Legacy – Residual Value: 51.3%Toyota Camry – Residual Value: 50.9%Mazda6 – Residual Value: 50.2%More items…β€’Mar 30, 2021.

How well do Hondas hold their value?

Honda won the mainstream award with an average projected retail value of 50.1 percent after five years and Acura took the luxury title with a 45.4 percent value.

Does Honda have high resale value?

Honda’s 2019 Kelley Blue Book Best Resale Value Award winners are: Best Resale Value: Hybrid Car – 2019 Honda Insight. Best Resale Value: Compact Car – 2019 Honda Civic. Best Resale Value: Subcompact SUV/Crossover – 2019 Honda HR-V.

Which cars last the longest?

Here are the longest lasting car brands:Toyota.Honda.Nissan.Ford.GMC.Chevy.Subaru.Lexus.More items…

Do Hondas last longer than Toyotas?

Toyota cars also consistently last longer than any given Honda. According to Consumer Reports, Toyota is the third-most reliable automaker, with the Corolla listed as its most dependable model. Honda didn’t even make the top 10 in terms of average reliability.

Do Honda engines last forever?

As long as it is maintained, a honda engine will last forever!

Do Honda ridgelines hold value?

The Honda Ridgeline falls at #7 with average depreciation of 38.1%. The Porsche 911 holds the #6 rank with depreciation at a 5-year average of 37.2%. … At #4 the Toyota Tundra’s average 5-year depreciation is 35.9%. Toyota Tacoma holds the #3 spot averaging 32.0% 5-year depreciation.

Do Honda Crvs hold their value?

A Honda CR-V will depreciate 38% after 5 years and have a 5 year resale value of $22,143. The Honda CR-V has proven to be a great vehicle, and holds its value well. In the small SUV segment, it is right at the top (although the Toyota models are there too) in terms of low depreciation.

Why are Hondas so cheap?

Because Hondas are made for the mass market. They are not made to be unique. They usually don’t have the road handing ability, power or level of comfort that many other brands do.

Does Toyota or Honda hold value better?

While two new studies don’t always agree on the fine points, they do find that Honda and Toyota are generally the best brands for holding their resale values after several years in service.

Are Hondas still good cars?

The Honda Accord is often rated as the most reliable (or certainly one of the most reliable) used car on a year after year basis. Known for the dependability and reliability of its engine, the Honda Accord has been one of the best selling family sized vehicles in America for the last 15 years or so.

Which SUVs have the best resale value?

Compact SUV: Subaru Forester (45.0%) Midsize SUV – 2-Row: Subaru Outback (41.3%) Midsize SUV – 3-Row: Kia Telluride (47.0%) Full-Size SUV: GMC Yukon (46.4%)

Why do Hondas have high resale value?

Reliable, low cost of ownership and overall great build quality. Honda’s are very desirable vehicles, and for that reason, hold a higher re-sale value then the competition.

Which Honda holds its value the best?

Most Resale Value2020 Honda Civic 2020 Best Resale Value. 2020 Honda Civic 2020 Best Resale Value Awards: 2nd place Compact Car* … 2020 Honda Odyssey 2020 Best Resale Value. 2020 Honda Odyssey 2020 Best Resale Value Awards: Minivan* … 2020 Honda HR-V 2020 Best Resale Value.

Why do Hondas last so long?

Hondas last long because of their reliability and durability. They have well-built engines and are easy to service. They also have a high resell value so this might motivate a Honda owner to take good care of their car. … If you drive more miles than that, your car is considered a high-mileage car.

Does Honda lose value?

Some of the most reliable Honda resale value vehicles include: Honda Accord – 5-year depreciation value of ~45% Honda Civic – 5-year depreciation value of ~43% … Honda Ridgeline – 6-year depreciation value of ~40%

Are Hondas a good car to buy?

Honda has a well-deserved reputation for making well-built, well-engineered cars, and that holds true across its entire lineup. Fuel-efficient and spacious, most Hondas are both enjoyable to drive and boast solid reliability. The mid-size Accord family sedan, a longtime 10Best award winner, is Honda’s bread and butter.

Why are Toyotas and Hondas so reliable?

There are quite a few reasons why Honda are so dependable. One of these reasons could be due to the fact that they don’t cost much to repair when they do go wrong. Honda cars are cheap to repair and aren’t off the road for very long. … Another reason Honda might be so reliable is due to their technology, or lack of it.

Which luxury SUV holds its value best?

10 Luxury SUVs With the Best Resale Value2018 Cadillac Escalade. … 2018 Porsche Macan. … 2019 Porsche Cayenne. … 2018 Land Rover Discovery. … 2018 Land Rover Discovery Sport. … 2019 Mercedes-Benz G-Class. … 2018 Toyota Land Cruiser. … 2018 Lincoln Navigator.More items…

What is considered high mileage for a Honda?

What is considered high-mileage? Typically, putting 12,000 to 15,000 miles on your car per year is viewed as β€œaverage.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.

Which luxury car holds its value best?

Luxury Cars with High Resale ValueThe Lexus LS 500 received the KBB Best Resale Value Award for Luxury Cars in 2021. … The 2021 Audi A7 has a five-year estimated depreciation rate of 28% of its original sticker price, according to Kelley Blue Book. … Porsche is consistently recognized for leading in resale value.More items…

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