Honda Resale Values Make The Top Ten List

May 14th, 2015 by

A vehicle is a big investment. Next to a house, it might be the biggest material investment most people make. It makes sense, then, that when purchasing, you’d want to keep a car’s resale value in mind. In the industry, a car’s “residual value” is how much a car is worth after it’s been driven. The standard number to look at when gauging a car’s residual value are its 36-month estimated percentage of its original worth.Resale value

The KBB Resale Value List

This year’s Kelley Blue Book awards for the cars with the best residual value are pretty great. KBB Top Ten Lists are a fantastic way to get an idea of what certain cars are exceptional at compared to the rest of the field. Honda resale values consistently rank near the top, and this year’s Top Ten list reflected it, with the 2015 Honda CR-V coming in at number 10. Noted as “versatile and refined” by the KBB.com, the Honda CR-V also stands as the only compact SUV to be named a Best Buy. The estimate for this Honda resale values after 36 months is 65.3% of its original value.

What’s more, every vehicle on the list is projected to maintain at least half of its original value after five years of ownership. To be included among such industry leaders is an absolute honor, and not something Honda will take for granted.

Using and Maintaining Resale Value

Whether you’re searching for a new or used vehicle at Bosak Honda Michigan City, you want to take the residual value of the car into account. Cars like the 2015 Honda CR-V that retain their value better than competing vehicles is a good investment to make, as it will pay off with enduring quality and resale value down the road, when you want to trade it in for a brand new Honda. To keep your car’s resale value as high as possible keep it clean (inside and out) and stay up to date on your regular maintenance schedule by utilizing the service professionals at Bosak Honda Michigan City. You can trust us to make sure you get the most out of your entire driving experience!

Posted in Car Buying Tips