Does a Honda Pilot hold its value?
The Honda Pilot is a popular midsize SUV known for its reliability, spaciousness, and family-friendly features. When it comes to resale value, the Pilot generally holds its value well compared to many other SUVs in its class. According to industry data, the Honda Pilot retains a significant portion of its original value over time, making it a smart choice for those looking to minimize depreciation costs.
Factors Affecting the Honda Pilot's Resale Value
Several factors contribute to the Honda Pilot's strong resale value:
- Brand Reputation: Honda is widely recognized for producing reliable, high-quality vehicles, which helps maintain the Pilot's value over time.
- Demand and Supply: The Pilot's consistent popularity and relatively limited supply compared to demand help keep resale values high.li>
- Maintenance and Condition: Proper maintenance and care of the Pilot can help preserve its value, as buyers are willing to pay more for well-maintained vehicles.li>
- Mileage and Usage: Lower-mileage Pilots with limited usage history tend to retain their value better than high-mileage or heavily used models.
These factors, combined with the Pilot's overall reputation for reliability and practicality, contribute to its strong resale value compared to many other midsize SUVs.
Typical Resale Value Trends for the Honda Pilot
According to industry data, the Honda Pilot typically retains around 60-70% of its original value after 3 years of ownership, and around 45-55% after 5 years. This is considered a relatively high resale value for a midsize SUV, making the Pilot a smart long-term investment for many buyers.
Of course, the exact resale value of a Honda Pilot can vary depending on factors such as the specific model year, trim level, mileage, and condition of the vehicle. Buyers should research current market prices and trends to get a better understanding of the Pilot's resale value in their local area.
How much do Honda pilots depreciate?
A 2022 Honda Pilot has depreciated $15,392 or 36% in the last 3 years and has a current resale value of $26,532 and trade-in value of $23,951. The 2022 Honda Pilot is in the 25-75% percentile for depreciation among all 2022 SUVs.
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.
Do pilots hold their value?
After 5 years of ownership or 100,000 km driven, the Pilot typically depreciates around 40-45% from its original MSRP. This impressive value retention puts it ahead of rivals like the Toyota Highlander (48-52% depreciation) and Kia Telluride (50-55% depreciation).
Do Honda Pilots have good resale value?
Before buying a new Pilot midsize SUV, check the Kelley Blue Book Fair Purchase Price to know what you should be paying. That extra money paid up front could have advantages down the line — the Pilot has above-average resale values.
