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Real-World Trade-In Values

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Comments

  • kyfdxkyfdx Moderator Posts: 265,441
    BMWFS has been cutting deals on these... Rather than send them to the auction, they've been knocking about $6K off the residual, if the original lessee will buy it... Anywhere from $21K-$25K, depending on mileage and original MSRP...

    Quite a few reports of BMW dealers taking car in, and CPOing it, then selling it back to them for $25K-$26K... with the extended warranty .. so, they've got to be getting them from BMW for around $21K.. or so...

    Not sure how that affects the Manheim numbers, though...

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  • ateixeiraateixeira Member Posts: 72,587
    Problems with vans are rarely with the motor. It's the power doors (all), electrical gremlins (all), the transmission (Honda, Dodge), things like that.

    Having said that the 03 and earlier Sienna had the 3.0l V6 that had slugge issues (there's your exception), so go for the 04-06 3.3l V6 (no such problems). The van was also bigger.

    The 07 and later Siennas went to a 3.5l V6 with a timing chain, so no belt to swap. Of course price will be way out of your price range.

    I recommend an 04 Sienna, but for $10k it will have a lot of miles.
  • qbrozenqbrozen Member Posts: 33,736
    Hey vmax. Hoping you can settle a little debate for me. Looking for the real-world difference between these 2 vehicles.

    '04 G35X premium. 48k miles. let's say silver over black. good condition.

    vs.

    '05 G35x premium. 36k miles. same color combo. same condition.

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • kiamskiams Member Posts: 20
    Thanks to all the collective wisdom I am getting here...these are really insightful aspects of becoming a "van-Dad", albeit unwillingly.

    In another forum, someone recommended Mazda MPV since apparently, their reliability had improved dramatically since 2000 MY redesign. I took a test drive in one this afternoon, and I liked it. A quick survey in Autotrader (within 100 miles of Boston) revealed 2 choices

    1.) 2004 Mazda MPV LX with 12K miles --> asking $12,500. Has clean carfax, 1-owner and is at a mazda dealership

    2.) 2004 Mazda MPV LX with 63K miles --> asking $6,900. Has clean carfax, 3-owners and is at a GMC-Pontiac-Buick dealership

    What to do now??...buy high miles @ half price and save the moolah, or buy low miles and add 3K to the budget....aaarrgh! I am getting a headache :sick:

    Drum roll now is on 2004 Sienna (high miles) v.s. 2004 MPV (high miles) v.s. 2004 MPV (low miles)
  • volvomaxvolvomax Member Posts: 5,238
    04 G35x figure @ $11,000 wholesale
    05 G35X figure @ $14,000 wholesale
  • LexVenturaLexVentura Member Posts: 1
    Ventura County, CA
    2000 Lexus RX300 AWD, Sand metallic (kind of a beigy gold) w/ tan leather
    89000 mi
    All options except Nav (Nakamichi, alloys, mnrf, heated seats, roof rack, electrochromatic mirrors, etc)
    New tires. Lexus maintained. Few small dings c/w age, rear bumper has some scrapes from loading cargo, one large ding on fender
    Otherwise in great shape (no accidents, no smoke, no kids, garage both ends)

    Many thanks!
  • qbrozenqbrozen Member Posts: 33,736
    Thanks, vmax.

    But... hmmm... what's the deal? anonymouspost's '05 6-speed with 54k miles is worth more than an '05 G35X with 48k miles?? Usually the X adds like $1500, right? And the lower miles should help, too. Seems odd, no?

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • kiawahkiawah Member Posts: 3,666
    Personally, I would be suspicious of a 5 year old van with 3 owners. With kids, the need for a van goes on for years. Something is not right that 2 prior owners got rid of it. I'd be thinking some mechanical problem which has left the driver stranded, which a parent would have no tolerance for with little kids and be willing to take a financial loss and dump it. Or, it's in the shop all the time and is un-reliable.

    Have had my years of kid hauling van and Suburban's.
  • TheMagicTikiTheMagicTiki Member Posts: 5
    Hey, Folks!

    I was wondering if you could help me get a real-world assessment of teh value of my Camry. It's a lease, and I am debating whether or not I want to trade it in now with the deals that are out there, or hold on to it for a bit longer...

    Here's the specs:

    Outside of Philadelphia, PA
    2007 Toyota Camry SE
    4 dr Sedan
    4 cyl FWD, Auto
    13,000 miles
    Gray w/ black leather
    Loaded with everything but a moonroof: auto/heated front seats, upgraded stereo, 6 CD changer w/ mp3 and satellite ready, bluetooth, leather, rear spoiler

    The car is in beautiful shape. I have seen the TMV here at $16-$17,000), but dealer estimates have been between $14 and $15,000. Any thoughts would be greatly appreciated!

    Thanks in advance!
  • sebring95sebring95 Member Posts: 3,241
    Have you found out from Toyota what your lease buy-out is? That's the other piece of the puzzle and may be well out of line with market at this point.
  • TheMagicTikiTheMagicTiki Member Posts: 5
    I have... forgot to post it. The listed buyout is about $18,000.

    I don't expect to get a 100% buyout... but I have been trying to get a realistic assessment of what the car is worth. With the deals that are out there right now, I am debating whether or not it is worth to pay out a little extra to zero out the lease.

    I do like the car... so I have the luxury of waiting if need be. :)

    Thanks for your help!
  • volvomaxvolvomax Member Posts: 5,238
    Right color for SoCal.
    Figure @ $7,000 on a trade.
  • volvomaxvolvomax Member Posts: 5,238
    Values depend on a lot of factors.
    Location, demand and availability among them.
    A 6 speed is pretty rare and is probably worth more to the right buyer.
    In certain markets, AWD adds nothing to the real value of the car.
  • volvomaxvolvomax Member Posts: 5,238
    Dealer is right. It should be a $15,000 car.
  • ateixeiraateixeira Member Posts: 72,587
    3 owners in 69k miles? Here's what happened.

    Family #1 buys it. Realized it's too small. Trade up for a bigger van.

    Family #2 buys it. Realized it's too small. Trade up for a bigger van.

    Family #3 buys it. Realized it's too small. Trade up for a bigger van.

    Question is, can you learn from their mistakes? :shades:

    Just teasing, but the MPV was at the top of my list and friends kept telling me to get a bigger van. Eventually I caved and got the bigger Sienna, and they were right - you do end up using the space, that's what vans are for. If you didn't need the space you probably wouldn't be shopping for a van.

    Reason I mention that is I realized that after I got my first van, not before.

    One other thing was the engine has less power yet it's not any more efficient than the bigger V6s in the Ody, Sienna, and Caravan.

    The prices are good, though. That makes the decision a little tougher. I don't think you'll regret spending a little more on a bigger van, though.
  • ralphucoralphuco Member Posts: 13
  • ralphucoralphuco Member Posts: 13
    I expect to trade in the Accord on an '09 Camry hybrid in the near future.
    Denver Colorado area.
    '07 Honda Accord EX I-4 Automatic FWD with 12000 miles. Dark Red with sunroof
    Vehicle is in excellent condition. Goodyear triple treds installed at purchase (80k mileage tire).
    No repairs to car.
    My reason for trade is that the seats are uncomfortable for myself and wife, making longer trips to visit grandkids impossible for us.
    I added on the clear bra,splash guards,fender trim, door guards, o/s temp gauge, electrochromatic mirror and the Goodyear tires.
    Edmunds value is $14796, KBB is $14,900 and NADA is $15,450.
    Should I expect the value to be at $14900?
    Thanks in advance for any advice, estimates or suggestions.
    Ralph
  • LittlefamilyLittlefamily Member Posts: 3
    We are looking at a Volvo V70 R and are located north of Philly

    Model: 2005/Volvo/V70R wagon
    Engine: 2.5L Turbo (300HP) automatic
    Driveline: AWD
    Mileage: 35,0000 miles
    Color: Silver w/ black interior
    Options: heated leather seats, sun roof, 6 cd-changer, alloy wheels - seems to have most everything
    Condition: garage kept, all service records and all service completed at a volvo dealer, in very good condition

    We have been looking for a while and really would like the R version of this car, but it seems like most of these cars are WAY over-priced ($6000 to $10,000 over what you see in edmunds or kbb). What is a fair value dealer or private?

    Also, does anyone know of any issues with the car we should have our mechanic be sure to check?

    Thanks
  • Kirstie_HKirstie_H Administrator Posts: 11,242
    A magazine reporter is interested in consumers who have purchased a used vehicle in the past few months. Please send your email address and phone number to jfallon@edmunds.com by Wednesday, February 11, 2009, if you fit the bill.
    Thanks,
    Jeannine
    Corporate Communications
    Edmunds.com

    MODERATOR /ADMINISTRATOR
    Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
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  • qbrozenqbrozen Member Posts: 33,736
    Does my $1100 project car count? ;b

    '11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S

  • Kirstie_HKirstie_H Administrator Posts: 11,242
    I'm sure it does for YOU. I kinda think you're not the target of this request, though :)

    MODERATOR /ADMINISTRATOR
    Find me at kirstie_h@edmunds.com - or send a private message by clicking on my name.
    2015 Kia Soul, 2021 Subaru Forester (kirstie_h), 2024 GMC Sierra 1500 (mr. kirstie_h)
    Review your vehicle

  • troylikesbikestroylikesbikes Member Posts: 132
    I recently did two different trades, one back in August of 2008, and one in January of 2009.

    I will list the cars and info on those I both sold, and then bought. I would like to see how close your estimate might be to what actually happened, value wise on these 4 vehicles.

    In 8/2008 I traded a 2007 beige Camry CE ( beige interior ), 5 sp stick, 15K miles, dealer installed alarm the only option on the car, but car without a scratch on it, looked as good as it did when I bought it. MSRP new was approx $19Gs. Traded it at an Acura dealership for a 2008 Acura slate colored TSX, 5 speed auto, no nav or any extra's, pretty much just a regular 08 with 7K miles on it, no weird scratches or marks, perhaps a smudge here or there ( bottom of front air damn where it obviously maybe hitting a parking block or something ).

    In Jan/2009 I traded a 2007 gray Ford Escape Hybrid base model, no leather, no nav, no dealer extras, 20K miles, outstanding shape, MSRP was about $28.5G's new. I traded it, at a Ford dealership, for a 2008 Mazda CX-7, robins egg blue, 10K miles, CarFax showed it was an X-rental unit from the local area. Sport model, so leather interior, some factory tinting, usual 6sp auto, AWD. Pretty decent shape for a rental return, a few of the standard weird scratches I've seen before on rental units, but nothing major, otherwise in excellent shape.

    The Camry/TSX trade was in Colorado Springs, CO and the Escape Hybrid/CX7 trade was in Longmont CO.

    The vehicles were traded/purchased in these pairs, so feel free to offer any values that way. What really matters I suppose is just the differential I should have paid or they should have paid me for the deal, but if you want to offer values individually or as just the differential on each pair, thats fine.

    I'm pretty sure I paid more than I should have for the Acura, but I like it, and thats the way it goes sometimes. Feel free to speculate on how much money would have been made by the dealer, off of me, in your calculations, based on what you think is fair.

    I will then compare that to the real numbers and see how badly I got hosed. :cry:
  • stickguystickguy Member Posts: 53,330
    not an expert, but I have been looking at Volvos lately! These are great cars, but can be expensive to maintain. Is this a CPO with warranty, or a private (or at least non-volvo dealer) sale?

    And on these, condition and miles has a huge impact on price. They are fairly rare, but pretty specialized as to who wants them. And a lot of people do modifications.

    There are a couple of volvo and R specifi forums that you can find on the internet that have tons of info on these, and some pricing help. But Volvomax can probably help there anyway.

    But for sure, dealers jack these way up. especially one dealer just west of Philly on the main line.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • skopiecskopiec Member Posts: 14
    Arizona
    2 dr roadster
    3.2L I6
    51000
    Gray exterior w/ grey/black interior
    Normal options -
    Great 9/10 condition
    new tires / good brakes
    some maint records
    Clean accident history / carfax

    Looking for a private party value -
    I've also heard of some ripping subframe failures, but Im not sure if this is mostly related to cars that are tracked.
  • kiamskiams Member Posts: 20
    Does this sound feasible....or is someone yanking my chain...

    "Friend of a friend" claims he can get me a 2005 Honda Odyssey EX-L with less than 60K miles from the auction for $10K plus $350 dealer fee and $350 auction fees and $750 warranty (5yrs/100K) coverage...total $11,500...does this sound feasible?

    This is for North East auctions (boston)...if this passes collective sniff test, then I will pull the trigger
  • dogsonboarddogsonboard Member Posts: 23
    What should we expect a dealer to pay for "Vannie"? Private party?

    Location: [city/state or nearest metropolitan area] Seattle metro area
    Year/Make/Model: 2001 Odyssey EX
    Body Style: [2dr/4dr/wagon] minivan
    Engine: [3.5 liter, 4/6 cylinder, auto/manual] 3.5 L DOHC, auto
    Driveline: [FWD/RWD/AWD/4WD] - FWD
    Mileage: 106,000
    Color: [exterior/interior] White / beige (cloth)
    Major Options: [alloys, sun roof, etc.] alloys
    Condition:
    Details of interior and exterior, including dings, scratches etc. - bumper paint chippy, needs a do-over :)
    Tires - new or % worn - all-season radials with 8,000 on them
    Brakes - 80%
    Maintenance - have some records
    Other: Indicate prior damage/insurance claims, repaints, etc. - 2 accidents: rear right-quarter panel and bumper replace on first one; right door repaint / re-adjust on second
  • vagabondchefvagabondchef Member Posts: 107
    Need a Real World Trade-in Value for a 2007 Honda CRV 4WD LX auto (blue in color) (black interior) in Excellent condition with 21700 miles.

    Any advice or help would be great!!

    Thanks.
  • cccompsoncccompson Member Posts: 2,382
    While the numbers seems a bit low (assuming a regular title), this could well be legitimate. You might want to try to tag along and see it in person. It's unlikely that the warranty is worth the price.

    The 21K that I got for my '05 Odyssey Touring last July looks increasingly like a gift.
  • exb0exb0 Member Posts: 539
    I would get 2004 Honda Odyssey, they are more reliable. Transmission issue was resolved in 2003 model year.

    I hope you get read my next post before it gets deleted.
  • exb0exb0 Member Posts: 539
    Rating range is 1 to 5 where 1 is much below average and 5 is much above average. 05 was a new model year/

    Reliability History - Honda Odyssey
    Trouble spots by year 99 00 01 02 03 04 05 06 07 08
    Engine Major 5 5 5 5 5 5 5 5 5 5
    Engine Minor 4 4 4 4 3 4 4 5 5 5
    Engine Cooling 5 5 5 5 5 5 5 5 5 5
    Transmission Major 1 1 1 1 2 5 5 5 5 5
    Transmission Minor 3 3 3 2 3 5 5 5 5 5
    Drive System 4 4 5 5 5 5 4 4 5 5
    Fuel System 3 3 4 4 4 5 5 5 5 5
    Electrical System 3 5 5 4 4 4 4 4 5 5
    Climate System 5 5 4 5 4 4 4 4 4 5
    Suspension 4 4 4 4 4 5 1 1 4 5
    Brakes 3 3 3 4 4 4 1 1 3 4
    Exhaust 2 2 4 5 5 5 5 5 5 5
    Paint/Trim 5 4 4 4 4 4 3 4 4 4
    Squeaks & Rattles 4 4 4 3 4 4 2 3 4 2
    Body Hardware 2 2 2 2 3 3 2 3 3 3
    Power Equip. 4 4 4 3 3 4 4 5 4 4
    Audio System 5 4 5 3 3 3 2 3 4 5
    Used Car Verdicts 3 3 3 4 4 5 3 4 4 3
    New Car Prediction Better than average
  • dogsonboarddogsonboard Member Posts: 23
    What's the (public?) source of this interesting, valuable data, exb0?

    Reliability History - Honda Odyssey
    Trouble spots by year 99 00 01 02 03 04 05 06 07 08
    Engine Major 5 5 5 5 5 5 5 5 5 5
    Engine Minor 4 4 4 4 3 4 4 5 5 5
    Engine Cooling 5 5 5 5 5 5 5 5 5 5
    ....
  • lmp180psulmp180psu Member Posts: 399
    After 3 years, I have gotten the itch for a 'new' car (in this case a used car), and want to know what I might expect for my current car (I was hoping somewhere around 11-12K), and if the price of the car I am looking at seems fair:

    Location: Harrisburg PA region
    Year/Make/Model: 2006 Mazda3 Grand Touring Hatchback
    Body Style: Hatchback
    Engine: 2.3 liter 4 cyl, 5 speed automatic
    Driveline: FWD
    Mileage: 42700
    Color: Silver exterior, black leather interior
    Major Options: Grand Touring major std equip: heated leather seats, auto xenons, rain sensing wipers...BOSE/moonroof package option
    Condition:
    Interior is in really good condition..drivers seat has a little wear on the left bolster but not bad at all. Exterior has a few nicks on the front and rear bumper (there is one area where I backed into my mom's car in the driveway leaving a 2 inch area where I had to touchup...clumsy me!).
    Tires - 18,000 miles on current set of tires
    Brakes - original brakes, dealer said good pad life during last oil change
    Maintenance - done at dealer, up to date

    Vehicle I would trade this in for: 2005 Acura TL Non-Navi
    - Acura dealer asking $18,997 (would like to get that down a bit - $18-18.5K - if possible of course)
    - 33800 miles
    - Anthracite (dark gray) exterior, gray leather interior
    - Certified Pre-Owned vehicle
    - Automatic

    I checked out the vehicle today when the dealership was closed, and from what I can tell the exterior and interior are in very good condition - some wear on the driver seat, and a couple nicks on the exterior but nothing major. Looks like new tires (some off brand though).

    Thanks in advance!
  • ateixeiraateixeira Member Posts: 72,587
    A leading consumer magazine, you probably know which one.

    They don't like their name mentioned.
  • LittlefamilyLittlefamily Member Posts: 3
    It is a private owner and is in good condition. The car is great, just second guessing spending around $24,000 on a 4 year old car and the fact that maintenance will be expensive.

    I think I know that dealer you are referring to and they had one for $27,000 and it had more mileage than this one....

    Thanks for the info.
  • volvomaxvolvomax Member Posts: 5,238
    $14,900 is possible, but unlikely.
    That car is probably more in the $13-14,000 range.
  • volvomaxvolvomax Member Posts: 5,238
    $24,000 is ALL the money for that car.
    I would think that $20k would be right for a private party car.
    R wagons are hard to price because they are quite rare and tend to attract rabid Volvo fans.
  • volvomaxvolvomax Member Posts: 5,238
    Aug was a thousand years ago in the car world.
    Values for small cars were a lot different than now.
    As for your Jan deal, you should have come close to an even trade.
    The Ford should have brought $16-17k and retail on the Mazda should have been close, maybe $18-19k.
  • volvomaxvolvomax Member Posts: 5,238
    Not an easy car to figure given it's rarity.
    Private party should be in the $10-12k range.
  • volvomaxvolvomax Member Posts: 5,238
    I'd say thats a stretch. Only the below average cars are in that price range.
    An avg 60k Ody is anywhere from $11-12k.
  • volvomaxvolvomax Member Posts: 5,238
    A twice hit Odyssey?
    I'm thinking $4-5,000 tops.
  • volvomaxvolvomax Member Posts: 5,238
    I think the Mazda is closer to $8-9,000
    The Acura should be under $18,000
  • pollivierepolliviere Member Posts: 5
    The real world answer to your question is that currently an 05 Odyssey EX-L without rear entertainment system or NAV has an average condition wholesale value of $12,700, the value in rough condition is $10,650. The values given are for car with between 50 and 60K miles.

    At Auction a dealer would of course try to get an average car closer to the rough book value because he makes his money on the buy not the sell. Your price of 10K seems on the low side, I would think 11K for a clean undamaged car would be closer to reality and you would have to look hard for that. ;)
  • rhesterrhester Member Posts: 29
    Thinking of trading in my 2008 Honda Civic Si but was very disappointed to see how it’s depreciated in its first year. Bought this car for $22k exactly one year ago, still owing $17k on it but the trade-in value according to KBB is only $15k. That’s one third of its value gone in one year! It just seems very un-Honda like for this car to have plummeted so much in value after just 12 months. I kinda expected to be right-side up in this car throughout the duration of the loan. What are these things going through auction at?

    Here’s the skinny on the car:

    Location: Reno, NV
    Year/Make/Model: 2008 Honda Civic Si
    Body Style: 4-dr sedan
    Engine: 2.0l V-TEC
    Driveline: FWD
    Mileage: 20000
    Color: Fiji blue (Si only color option :D )
    Major Options: None, NO nav or summer tire options.
    Condition:
    Interior: Better than average for a car with 20k miles - no tears or rips, just needs a detail
    Exterior: No dings, scratches, scuff marks, looks new after a wash (seriously) – this car has not been touched by anything other than the road and bird crap 
    Tires – Original set, 60%+ tread
    Brakes – 70% left
    Maintenance – All up-to-date

    I know I’ve taken the bulk of the depreciation hit already and it probably won’t depreciate this much over the next 4 years+ but any numbers/advice would be appreciated. Thank you!
  • volvomaxvolvomax Member Posts: 5,238
    Well, for one thing you have put TWICE the miles that a typical 1 yr old car has.
    Second, you should NEVER assume that you will have day 1 equity in ANY nw car you buy, unless you put a ton of money down.
    Third, all cars have taken hits on depreciation due to the economy. Honda's are no different.
  • rhesterrhester Member Posts: 29
    I wasn't expecting day 1 equity but 1/3rd original cost in one year seems high for a Honda. Secondly, even if I'd done only 10000 miles the KBB wouldn't be much more than $15k. Besides, the average miles for one year is more like 12-15k is it not?
  • fiesty2fiesty2 Member Posts: 4
    Location: Brampton,Ontario Canada
    Year: 2001 Honda Insight
    Odom: 123431km
    2dr
    Manual
    Red
    Scratched, some dints, starting to show rust inside!
    New tires
    Snow tires
    New front breaks
    New transmission
    New oil pan
    Maintenance up to date

    What's it worth? Not that I want to let her go! :D
  • lmp180psulmp180psu Member Posts: 399
    Thanks for the info. I decided to go test drive the TL tonight, and aside from an odd noise coming from the tires/front end (the salesman with me acknowledged it, and said they would definitely look at it as it that is not Acura quality/worthy of certified status), It drove nice and had nice pickup. They came back with 11K for my trade, but wouldn't budge on the TL price at this point. From looking at all the sites, I actually thought 19K was a fair price for the TL. I will be going back tomorrow during lunch to have them take a better look at my Mazda (I asked for another $500) as it was dark at the time, so they can get a look at it in the daylight. If they can figure out what the noise was and fix it (I had a similar noise on my Mazda which annoyed the he!! out of me, and it was bad wheel bearings), I may have a new car very soon :)
  • ateixeiraateixeira Member Posts: 72,587
    I agree the value seems low but remember you are comparing a new retail price paid vs. a wholesale trade-in value. Right there is at least a 10% difference.

    Wasn't there a dually here that went from $52k to $28k in even less time? New car smell is expensive.

    KBB is usually high so that's actually what surprises me.

    You can probably private party that car for $17-18k or so.

    Thing is, at those prices you are competing with many new cars.
  • rhesterrhester Member Posts: 29
    Thank you.

    I was curious as to whether this is one of those unusual situations where the auction prices on these things would actually be higher than KBB's trade-in value.

    You can normally expect an approximate value on Honda's of around 50% after 5 years of its original valuation, so I'm hoping if I keep the car (which I really should!) that I'm only going to lose 5k or so over the next 4 years.

    After all, one of the reasons why I bought the car was because of Honda's reputation of making vehicles with great resale value.
  • ateixeiraateixeira Member Posts: 72,587
    That may be a little optimistic.

    I do recall a study of 4 year old models and the Prelude had the highest residual values of the whole lot, at 51%.

    So 50% after 5 years sounds a bit optimistic.

    Maybe if you private-party sell a Honda, and got a deal when it was new, it's possible. I would not count on it, though.

    Good luck.

    If it didn't want premium fuel I might have made you an offer! :shades:

    The ideal Civic would actually be the Euro 5 door, for me. Maybe even a diesel, if diesel prices near me ever drop (still nearly a buck more than gas).
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