There are two types of car owners. In one camp, there are folks who plan to make one purchase and then drive a vehicle basically until the wheels fall off. In the other side are drivers who want to buy a vehicle and then sell it in a few years so they can get a new vehicle with the latest features. If you fall in this second school of thought, finding a vehicle with good resale value can be very important. That begs the question: do Honda vehicles offer good resale value?
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Do Honda vehicles offer good resale value?
Many Honda vehicles can offer drivers comfortable driving today, and a good resale value tomorrow. Some factors that go into an evaluation of resale value for a specific model include how many are sold, how practical the vehicle, and quality of the vehicle. In the past, several Honda vehicles have offered good resale value, and we believe that this trend can continue. If you buy a popular Honda vehicle today, like the 2018 Honda Accord, there is a good chance that it will have a competitive resale value when you want to change vehicles.
How can I improve the resale value of my car?
While buying a new car, getting a brand and model that offers good resale value is one of the best ways to improve the resale value of your vehicle. However, there are some other ways to keep your resale value high. Some factors include:
- Color: The most popular car colors are white, gray, and silver, and vehicles with these colors tend to hold their value better than more exotic colors
- Regular Maintenance: Following the manufacturer recommended maintenance schedule for your vehicle keeps it in better condition and can improve resale value.
- Feature Highlights: Some features that can add value to a vehicle down the road include leather seating, sunroof, all-wheel or four-wheel drive, and sound system advantages like CD players.
The 2018 Honda Ridgeline is a vehicle that should offer good resale value in a few years.
If you are interested in learning what your current vehicle may be worth, you can use the Edmund’s MyAppraise Trade-In calculator on our website to get an estimated value. You can also contact a member of the Battison Honda sales team to learn more about trading in your current vehicle.