Does the Honda Civic SI hold value?
The Honda Civic SI is a popular performance-oriented variant of the Civic compact car. When it comes to holding value over time, the Civic SI generally performs well compared to other sports cars and performance-focused vehicles in its class. The Civic SI's reputation for reliability, practicality, and strong resale value make it a solid choice for those seeking an engaging driving experience that also holds its value.
Factors Affecting the Civic SI's Resale Value
Several key factors contribute to the Civic SI's ability to hold its value over time:
- Honda's Reputation for Reliability - Honda is known for building durable, long-lasting vehicles, and the Civic line is one of the brand's most reliable models. This reputation helps maintain the Civic SI's value.
- Practicality and Versatility - The Civic SI offers a compelling blend of performance and everyday usability, making it a desirable choice for a wide range of buyers even as it ages. Its practicality helps preserve its value.
- Limited Production and Demand - As a more specialized variant of the Civic, the SI model is produced in lower volumes than the standard Civic. This limited supply, combined with consistent demand from enthusiasts, supports the SI's resale value.
- Minimal Changes Between Model Years - The Civic SI typically sees only minor updates from one model year to the next, which means used models remain relevant and desirable for longer.
These factors all contribute to the Civic SI's reputation for holding its value well over time, making it a smart choice for those seeking a performance-oriented vehicle that will retain a significant portion of its original purchase price.
Comparing the Civic SI to Competitors
When compared to other sports cars and performance compacts, the Civic SI generally outperforms its competitors in terms of resale value. For example, the Subaru WRX, a direct rival to the Civic SI, typically sees steeper depreciation in the first few years of ownership. The Civic SI's combination of reliability, practicality, and limited production helps it maintain its value better than many of its performance-focused peers.
Overall, the Honda Civic SI is widely regarded as a smart choice for those seeking a fun, engaging driving experience that will also hold its value well over time. Its reputation for reliability, versatility, and limited production all contribute to its strong resale value in the used car market.
What is the residual value of the Honda Civic Si?
2024 Honda Civic Si 5-Year Cost to Own
A 2024 Honda Civic Si has a 5-year cost-to-own of $58,462. After 5 years a 2024 Civic Si will depreciate $13,642 and have a residual value of $16,608. During this time out-of-pocket expenses are expected to total $44,820.
What car lasts the longest?
(iSeeCars) – Toyota ranks first as the longest-lasting car brand, with 17 percent of its vehicles likely to reach at least 250,000 miles. This reflects Toyota's history of producing some of the longest-lasting vehicles, including the Toyota Tundra, Toyota Land Cruiser, and Toyota Tacoma.
Is a Honda Civic SI expensive to maintain?
The Honda Civic's average annual repair cost is a mere $368, which is relatively low compared to some other brands. Safety is a strong suit for the Honda Civic, with advanced safety features contributing to higher-than-average crash test ratings, ensuring peace of mind for drivers and passengers.
How long will a Honda Civic SI last?
Overall, the Honda Civic will last about 200,000 miles on the road. It's on the lower end of the longevity spectrum when considering the average across all options from the Honda name, but it's still a solid choice that will last more than a decade if you are careful with your reliable machine.
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 year was a bad year for the Honda Civic?
2001-2003
2001-2003: The early years of the 7th generation, particularly 2001 to 2003 models, faced criticism for transmission issues in certain variants, specifically with automatic transmissions. These problems led to concerns about reliability and costly repairs for affected owners.
Will Civic Si hold value?
High Resale Value
If you're looking for a car that will hold its value over time, the Civic Si is a great option. Thanks to its reputation for reliability and quality, it's likely to fetch a good price when you sell it down the line.
Do Honda Civics hold their value well?
Honda Models with Exceptional Resale Value
The Honda Accord, Civic, and CR-V are highly praised for their value retention, and thus, their resale value.
Are Civic Si rare?
The Si coupes were a little rarer than other variants, and way more desirable. But not so rare that they were collectable when new or even slightly used.
What is high mileage for a Civic Si?
Considering that a properly maintained Civic can potentially last 150,000 to 200,000 miles, anything below 80,000 miles is considered good mileage. If you can find a used Civic that had a careful owner who mostly drove on the highway or in the countryside, it can be a safe choice even if it has reached 100,000 miles.
