For many consumers, buying used is a solid option during the car-shopping process. When you do so, though, how do you decide which brand to buy? Here, we look at some reasons why you should consider buying a used Honda model.
Hondas Hold Their Value
When you purchase a vehicle, you want to make sure it will hold its value well. A used Honda vehicle will likely hold its value quite well, compared to its competitors. Recently, four Honda models received the honor of being included in the 2019 ALG Residual Value Awards.*
The HondaFit was awarded in the subcompact segment, and the Accord received recognition in the midsize car segment. For the midsize utility third-row seating segment, the HondaPilot was recognized, while the Odyssey took home the award for the minivan segment. These awards mean that the above models will continue to hold their value as they grow older – something that current used Honda models have also done.
You should also note that, when you purchase a brand-new car, it loses 30% of its value within the first year of its life. Purchasing a used Honda vehicle means your vehicle’s value will depreciate less than its new equivalent.
Lower Cost, More Features
A used vehicle will likely have a lower price tag than a brand-new vehicle, which can make it easier on your budget. You can often find more features for a lower price. Typically, moving up a trim level or so is possible with a used vehicle, allowing you to get even more innovative Honda technologies, depending on the model year you choose.
Buying a used Honda will give you more options than purchasing new. For instance, if you happen to favor the design of an earlier model year, you will be able to get the vehicle that suits your tastes. You will also find a range of features and technologies that might not be offered anymore in the newest models.
If you are looking to buy used, come check out our lineup of used Honda models at Russell Honda.
*Based on ALG’s residual value forecast for the 2019 model year.
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6100 Landers Rd
North Little Rock
6100 Landers Rd
North Little Rock,AR72117
6100 Landers Rd, North Little Rock, AR 72117