Looking at Residual Value: 2015 Chrysler Town & Country
The 2015 Chrysler Town & Country has been impressing drivers for years, and while there are many minivan choices on the market, we’ve found that most of our drivers have it down to the Chrysler and the 2015 Honda Odyssey. While there are many different factors that could impact the decision for you, we’re focusing on the ALG residual value, which is a measure of how much of the initial cost a vehicle retains after ownership.
How does the Chrysler stack up to the Honda?
Honda Makes a Good Investment
The team at ALG has been doing their job calculating residual values for years, and they determine them based on a variety of factors—features, market expectations, the history of the particular model—to give drivers an idea of just how much their vehicle will depreciate over time.
While the old adage about a vehicle losing half its value after you drive it off the lot isn’t quite true, they do depreciate pretty quickly, and if you’re shopping for a new family minivan, you want one that will hold up to the test of time.
So, how do the Odyssey and Town & Country compare on residual value? Here are the numbers:
- At 36 months, the 2015 Odyssey LX has an ALG residual value of 53% to the Chrysler’s 43%.
- At 60 months, the 2015 Odyssey LX has an ALG residual value of 37% to the Town & Country’s 30%.
What’s the big difference for these models? What causes the Odyssey to have such a higher residual value according to ALG? We can’t know for sure, but we think that Honda’s commitment to standard features has helped make their model one of the best minivans on the road. Maybe you should see it for yourself and decide?
Test Drive a Honda Today
The 2015 Honda Odyssey is available now at a West Michigan Honda Dealer near you, and it’s more than just a great investment, it’s an excellent minivan. Stop by one of our locations today and let us put you in the driver’s seat of a new Honda.