Does 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 of its competitors in the SUV market.
Factors Affecting the Honda Pilot's Resale Value
Several factors contribute to the Honda Pilot's strong resale value:
- Brand Reputation: Honda is known for producing reliable, high-quality vehicles that tend to hold their value well over time. The Pilot benefits from Honda's reputation for dependability.
- Demand and Supply: The Pilot is a popular model, with consistent demand from buyers. This helps maintain its resale value, as there is a steady market for used Pilots.
- Maintenance and Reliability: The Pilot is generally regarded as a reliable SUV, with a reputation for requiring fewer repairs and maintenance compared to some competitors. This contributes to its strong resale value.li>
- Depreciation Rates: Like most vehicles, the Pilot experiences the highest rate of depreciation in the first few years of ownership. However, its depreciation curve tends to be gentler than many other SUVs, helping it retain more of its value over time.
These factors combine to make the Honda Pilot a solid choice for those looking to maximize the resale value of their SUV purchase.
Comparing the Honda Pilot's Resale Value to Competitors
When compared to other midsize SUVs, the Honda Pilot generally outperforms many of its competitors in terms of resale value. For example, the Pilot typically retains a higher percentage of its original MSRP after 3-5 years of ownership compared to models like the Toyota Highlander, Ford Explorer, and Chevrolet Traverse.
This makes the Pilot an attractive option for those who plan to sell or trade in their vehicle in the future, as they can expect to recoup a larger portion of their initial investment.
Conclusion
In summary, the Honda Pilot is known for holding its value well due to its strong brand reputation, consistent demand, reliability, and relatively gentle depreciation curve. When compared to other midsize SUVs, the Pilot tends to outperform many of its competitors in terms of resale value, making it a smart choice for those looking to maximize the long-term value of their vehicle purchase.
Is Honda Pilot high maintenance?
A Honda Pilot will cost about $7,476 for maintenance and repairs during its first 10 years of service. This beats the industry average for popular SUV models by $774. There is also a 21.05% chance that a Pilot will require a major repair during that time.
Should I buy a Honda Pilot with 150k miles?
Although you can get an excellent deal for a Honda Pilot with more than 100k, it's not a good idea. These vehicles aren't the most reliable, so you're better off going with another car selection.
What is the life mileage of a Honda Pilot?
Do Honda Pilots last a long time? Yes, with proper care, a Honda Pilot can last up to 200,000 miles, and in some cases even longer, reaching close to 300,000 miles for owners who are very meticulous with their care. So, Honda Pilots can last a long time with proper maintenance.
Does Honda Pilot have a good resale value?
Honda Pilot Depreciation Percentages vs Competition
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).
Is a Honda Pilot worth buying?
In general, the Honda Pilot can be considered a reliable SUV. Honda has been quick to respond to reports by owners. An early transmission issue was largely sorted out, as was a problem with the gearbox in 2005.
What is the most reliable midsize SUV?
Most Reliable Midsize SUVs for 2024 and 2025
- 2025 Chevrolet Blazer: J.D. Power Reliability Score: 86/100.
- 2025 Cadillac XT5: J.D. Power Reliability Score: 88/100.
- 2024 Lexus GX: J.D. Power Reliability Score: 89/100.
- 2024 Nissan Murano: J.D. Power Reliability Score: 89/100.
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.
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 holds value better, Honda or Toyota?
Out of a recent depreciation comparison, both brands offer great value retention; Honda Civics depreciate about 16.3% after 5 years while Toyota Tacomas depreciate 14.9% over the same period.
What are the negatives of a Honda Pilot?
One of the big disadvantages of the Honda Pilot is the lack of hybrid trim options. With such a large SUV, the fuel efficiency ratings aren't great, though they are competitive with other gasoline-powered SUVs. The 2023 AWD Pilot has a fuel efficiency rating of 21 combined city/highway mpg.
