Do Honda Accords hold their value?
Yes, Honda Accords are known for holding their value well over time. According to industry data, Honda Accords typically retain a higher percentage of their original purchase price compared to many other midsize sedan models. This makes the Accord an attractive option for buyers looking for a reliable and long-lasting vehicle.
Why Honda Accords Hold Their Value
There are several key reasons why Honda Accords tend to hold their value better than other vehicles:
- Reputation for Reliability - Honda is widely regarded as one of the most reliable automakers, and the Accord in particular has a long-standing reputation for dependability and longevity. This makes them attractive to used car buyers who value a proven track record.
- Consistent Design and Features - The Accord has maintained a similar overall design and set of features over many model years, which helps maintain its appeal to buyers even as it ages. Dramatic redesigns can sometimes diminish a vehicle's resale value.
- High Demand for Used Accords - There is consistently strong demand from used car buyers for well-maintained Honda Accords, as they are seen as practical, reliable, and affordable family sedans. This high demand helps prop up resale values.
- Manufacturer Reputation - Honda's brand reputation for quality, reliability, and customer satisfaction also contributes to the Accord's ability to hold its value over time. Buyers are willing to pay more for a used Honda due to the brand's positive reputation.
These factors combine to make the Honda Accord one of the midsize sedans that best retains its value on the used car market.
Typical Resale Values for Honda Accords
According to industry data, a typical Honda Accord will retain around 50-60% of its original purchase price after 3 years of ownership. This is significantly higher than the average midsize sedan, which may only retain 40-50% of its value over the same time period.
The exact resale value can vary depending on factors like mileage, condition, options, and market demand, but the Accord consistently ranks among the top vehicles in its class for resale value. This makes it a smart choice for buyers who plan to own the vehicle for several years before selling it.
Does the Honda Accord hold its value?
A 2021 Honda Accord has depreciated $9,528 or 32% in the last 3 years and has a current resale value of $19,388 and trade-in value of $16,794. The 2021 Honda Accord is in the top 10% for depreciation among all 2021 Sedans.
What is high mileage for a Honda Accord?
200,000 miles
A Honda Accord that is not maintained well has a much higher chance of developing major engine and transmission problems before hitting 100,000 – 200,000 miles. With that being said a very well-maintained Honda Accord has the potential to last well past 300,000 miles and further before needing any major work.
Should you buy a Honda with 100k miles?
The general rule of thumb is to be wary of used vehicles with over 100,000 miles on them, but that doesn't mean you should completely write those cars off.
What is the most common problem with a Honda Accord?
Mason Auto Repair
- The Age-Old Transmission Tribulation. One of the Honda Accord's most talked-about issues revolves around its transmission.
- Electrical Malfunctions Unplugged.
- Braking Bad.
- Steering Clear of Trouble.
- Air Conditioning.
- Suspension.
- Engine Issues.
Which Honda holds its value the best?
The recipient of the top spot in the compact car segment in the 2023 Kelley Blue Book Best Resale Value Awards is the legendary Honda Civic Sedan. Always a familiar face when it comes to this type of award, the Civic Sedan has remained one of the most popular choices in its class for decade after decade.
What are the cons of a Honda Accord?
Cons
- No All-Wheel Drive (AWD) Unlike some of its competitors, the 2025 Accord doesn't come with an all-wheel drive option.
- Slightly Higher Price. The 2025 Honda Accord comes with a slight price bump compared to the previous model year.
- Limited Customization Options.
What is the average life of a Honda Accord?
How Many Miles Can The Honda Accord Last? A Honda Accord should be able to last an average of about 250,000 miles, but this number can change dramatically depending on how well it is maintained over the course of many years.
Are Honda Accords worth the money?
Reviews say the 2024 Honda Accord is a good car with a lot of space, lots of trunk space, and a well-built interior. It's also fuel-efficient, has a great infotainment interface, and is safe in collisions. Some say the Accord is enjoyable to drive and has crisp steering and a well-damped suspension.
Is it better to buy a new or used Honda Accord?
A brand-new Honda will depreciate the moment you drive it off the lot, typically losing about 20 to 30% of its value in the first year. With a used Honda, the previous owner has absorbed the biggest depreciation hit, allowing you to get more car for your money.
What is the best year Honda Accord to buy used?
Honda Accord models from the years 2008 to 2012 are among the best to buy used. Their pricing on the used market is affordable. The Honda Accord tends to hold its value better than most other cars. It's a dependable performer since its U.S. launch in 1976.
