There are many different factors at play when you look for a new car, and while we think that there are quite a few great reasons drivers should choose the 2014 Honda Civic over the 2014 Chevy Cruze, we want to focus on a particularly important one today: residual value.
What’s residual value? It’s just what it sounds like. It’s the amount of value a vehicle retains after a certain amount of time, as a percentage of the original price.
After You Leave the Lot…
There’s an old saying that the value of a car gets halved as you drive off the lot with it, and while there’s some truth to the idea that the value does drop when it finally hits the road, the fact is that half is a pretty heavy estimate.
Of course, once you hit 36 months of regular driving, that lost value might be more in line… if you drive a 2014 Chevy Cruze LS. The auto experts at ALG calculated the 2014 Cruze’s residual value at 36 months at 48% of the original value. The basic 2014 Civic LX, on the other hand, has a projected 36-month residual value of 59%!
ALG also projects for 60 months, and as you would expect, the value drops for each vehicle, but Honda still maintains a notable lead in residual value. The Civic LX has a residual value of 43% at 60 months, while the Cruze is only at 33%.
We think many of these differences can be accounted for by the Civic’s incredible standard features package. See how the Civic LX and Cruze LS compare on standard features and decide for yourself on that one.
Visit a West Michigan Honda Dealer Today
If you want to put yourself behind the wheel of a great car with an incredible value, we recommend the 2014 Honda Civic. You can set up a test drive of one at a West Michigan Honda Dealer near you. We can’t wait to see you!
West Michigan Honda Dealers includes Battle Creek Honda, Betten Honda, Crown Honda, Fox Honda, River Town Honda, and Zeigler Honda.