Our 2016 Honda Accord Residual Value Comparison

June 21st, 2016 by

2016 Honda AccordWith just one look at the 2016 Honda Accord residual value, it’s easy to see that the idea that a car loses half its value after driving it off of the lot is simply a myth. Built for longevity and dependability, the Accord’s residual value estimates outpace many of its competitors, providing West Michigan drivers with a midsize sedan option that towers above other cars. We put the Accord up against some of its top competitors to show you what we mean.

Honda vs. the Competition

A car’s “residual value” is its value after a given period of ownership (like three or five years) expressed as a percentage of its initial purchase price. Residual value estimates are key in knowing what you’re investing in on a new car, and Honda’s numbers come out pretty far ahead of some of its key competitors.

  • The 2016 Honda Accord LX Sedan with CVT has an ALG-estimated 36-month residual value of 53% and a 60-month residual value of 41%.
  • Each 2016 Hyundai Sonata has a 36-month residual value of 48% and a 60-month residual value of 32%.
  • A 2016 Toyota Camry is estimated to have a 36-month residual value of 44% and a 60-month value of 33%—see how else it stacks up against the Accord in our comprehensive 2016 Toyota Camry review.
  • A 2016 Chevy Malibu Limited has residual value estimated of 38% at 36 months and 26% at 60 months for one of the lowest sets of scores in the midsize sedan class.
  • 2016 Nissan Altima models have a low residual value at 36 months, just 43%, and it falls further, down to 32% at 60 months. See what else separates it from the Accord in our 2016 Nissan Altima review.
  • While the 2016 Chrysler 200 is a recent redesign, ALG estimates its residual values at just 40% at 36 months and 28% at 60 months.
  • A 2016 Ford Fusion has ALG residual value ratings starting at 44% at 36 months and falling to 33% at 60 months.
  • 2016 Kia Optima sedans have 36-month residual value ratings of 52%, but they drop like a stone at 60 months, all the way to only 31%.
  • The 2016 Subaru Impreza is certainly better off than many cars at a 50% residual value after 36 months of ownership, but even it falls to 36% at 60 months.

Why High Residual Value Matters

While we can’t know the future for certain, the 2016 Honda Accord residual value estimates sure paint the sedan as a smart investment. That said, those residual value numbers are simply estimates, and how you take care of your vehicle matters. Bring your Accord in to a West Michigan Honda Dealer for regular maintenance like oil changes and tire rotations to ensure it ages gracefully.

And remember, even if you aren’t planning to ever sell your vehicle, a high residual value estimate indicates that it succeeds in features and specs in a way that its competitors do not. It’s a quick number you can look at and easily gauge whether or not a vehicle might be better than other models.

Test Drive an Accord

While the 2016 Honda Accord residual value boils the entire sedan down into a number, we hope you know that no number can tell you how a car feels from the driver’s seat. Visit a West Michigan Honda Dealer near you today to get behind the wheel of an Accord and experience it for yourself.

Posted in 2016 Vehicles, Accord