Honda Beats Nissan When it Comes to Residual Value
There’s nothing particularly exciting for drivers here in Elgin and Crystal Lake, IL about residual value – but when it comes down to it, the residual value estimates, calculated by organizations like ALG, are among the most important numbers to consider when buying a new car. How much value your car retains will effect how much it will sell for when it’s times to upgrade. Depreciation is the single biggest cost of auto ownership, so when you have a higher residual value, you minimize the cost of depreciation on your car. When it comes to residual value, Honda beats Nissan out at every turn, according to experts at Kelley Blue Book.
Honda Beats Nissan on Residual Value
Honda offers superior residual value scores than Nissan in most categories because of a number of factors. Desirability on the used market drives residual value, as does reliability scores, fuel economy numbers, and more. In Kelley Blue Book residual value awards, Honda models beat out their Nissan counterparts, time and again:
|The 2015 Honda Fit retains 65.0 percent of its value after 3 years, and 47.7 percent of its value after 5 years. The Fit wins the subcompact residual value award from Kelley Blue Book.||The 2015 Nissan Sentra retains 53.4 percent of its value at 3 years and 42.1 percent of its value at 5 years.|
|The 2015 Honda CR-V retains 65.3 percent of its residual value after 3 years and 50.8 percent of its residual value at 5 years, putting it in the top ten of all passenger cars.||No Nissan vehicle made the top ten and no Nissan vehicle made the top three in the compact SUV category.|
|The 2015 Honda Accord will be worth 51.9 percent of its original sale price after 3 years and 40.1 percent of its original value at 5 years according to Kelley Blue Book.||The 2015 Nissan Altima didn’t make the Kelley Blue Book list in the midsize car category.|
|The 2015 Honda Civic Si earned a 59 percent estimated resale value at 3 years and a 45 percent resale value at 5 years from Kelley Blue Book.||No Nissan model scored close in the sporty compact car segment.|
|The 2015 Honda Odyssey received a 52.8 percent estimate at 3 years and 37.6 percent at 5 years, from Kelley Blue Book.||There weren’t any Nissan minivans that made the Kelley Blue Book list.|
It’s easy to see that Honda handily beats the Nissan lineup when it comes to residual value. If you want to get more of your investment back when it’s time to sell your late-model vehicle, then make sure you buy a Honda.
Visit Brilliance Honda of Crystal Lake
Visit Brilliance Honda of Crystal Lake to check out the latest Honda models. You can contact us online or give us a call at 888-905-9883 to learn more about the current Honda lineup today!