A vehicle is one of the biggest purchases individuals make throughout their lifetimes. Whether you’re buying new or used, your automobile is an investment that you expect to last well into the future. Hondas are a premium vehicle choice with a strong brand reputation for longevity and dependability in an attractive package that maintains its value over time. If a car purchase is in your future, planning ahead is crucial. Learn why Honda holds its value, so you can decide if one of the many available new or used models is the right choice for you.
The Factors Behind Honda’s High Resale Value
Over a third of Americans who plan to buy a vehicle in the next 12 months plan to purchase a pre-owned car. Honda vehicles are a popular choice among used car buyers due to their reputation for reliability and low maintenance ownership.
Over the past three quarters of a century, Honda has earned a reputation as a trusted vehicle brand with meticulous engineering and design. The biggest factors behind Honda’s resale value are a testament to the brand’s dedication to quality.
- Reliability: Honda sedans and SUVs are typically near the top of Consumer Reports’ ratings for road tests and predicted reliability. They also score well in reliability rankings for 5 and 10-year-old vehicles, improving their resale value
- Low maintenance costs: Honda vehicles are designed and engineered with long-lasting parts that take longer to wear out, reducing owner maintenance costs.
- Fuel efficiency: Honda is consistently committed to building cars, trucks, and SUVs that help keep fuel costs down, with fuel efficiency 3.8 mpg higher than the industry average.
- Safety features: Honda vehicles protect you and your family with advanced safety technology, like the Honda Sensing® technology that alerts you to nearby vehicles, advanced airbags, adaptive cruise control, and collision mitigation braking.
- Strong brand reputation: All of the consistent qualities seen in Honda vehicles over the decades work together to establish a strong brand reputation, trusted by used car buyers.
How Honda’s Lasting Value Affects Ownership
Many of the features that support Honda’s high resale value also serve as perks that enhance ownership. High-quality engineering means Honda depreciation rates are consistently lower than those of competitors, increasing Honda’s resale value. The addition of cutting-edge safety features not only gives drivers peace of mind, but they can also contributes to lower insurance rates, helping Honda owners save money over time. The combination of fuel efficiency, safety, and reliability makes Honda vehicles a joy to own and also helps owners cut costs during ownership.
Why Choose a Honda?
Honda vehicles quickly catch the eye of new and used car buyers because of their attractive exterior and reputation. Once you look beneath the surface to learn about Honda cars, trucks, and SUVs, you’ll quickly learn of the practical reasons to invest in a Honda. Top reasons to become a Honda owner include:
- Reduced ownership costs due to spectacular fuel efficiency and lower maintenance costs
- Lower depreciation increases Honda trade-in value
- Options to buy a certified pre-owned Honda, certified and inspected to meet high quality standards, including low mileage, manufacturer’s warranty, and a vehicle free of damage
Visit Visalia Honda Today
If you’re in the market for a new or used vehicle, Hondas are an optimal choice for Central Valley driving conditions. Whether you need an economical car for a daily commute, a family vehicle to handle school, sports, and recreation, or a truck with remarkable fuel efficiency and hauling capacity, you can trust Honda’s long-term reliability. Ready to fall in love with your next vehicle? Drop by Visalia Honda to explore our available Honda models or get a trade-in estimate for your vehicle.
