What is a 2016 Honda Accord worth today?
According to current market data, a 2016 Honda Accord in good condition can be worth between $12,000 to $18,000 on the used car market today, depending on factors like mileage, trim level, and overall condition. The exact value of a 2016 Accord will vary based on the specific vehicle's features and history.
Factors Affecting the Value of a 2016 Honda Accord
The value of a 2016 Honda Accord can fluctuate based on several key factors:
- Mileage: Vehicles with lower mileage (under 60,000 miles) tend to have higher resale values compared to high-mileage models.
- Trim Level: Higher trim levels like the Touring or EX-L will generally be worth more than base LX models.
- Condition: Vehicles in excellent, well-maintained condition will command higher prices than those with significant wear and tear.
- Options and Features: Accord models equipped with desirable features like navigation, leather seats, or a sunroof may be worth more.
- Accident and Repair History: Vehicles with a clean history and no major accidents or repairs will be valued higher.
It's important to research the specific details of any 2016 Accord you're considering to get an accurate sense of its current market value.
Comparing 2016 Accord Prices
To get a better idea of typical 2016 Honda Accord prices, you can check online listings and pricing guides. Popular used car websites like Kelley Blue Book, Edmunds, and Cars.com allow you to search for and compare prices of 2016 Accords in your local area based on mileage, trim, and condition.
Ultimately, the value of a 2016 Honda Accord will depend on its individual characteristics and the current state of the used car market. Doing your research and considering all relevant factors is key to determining a fair price for a 2016 Accord.
What is the resale value of a 2016 Honda Accord?
6Edmunds Appraisal Report
driven per year, with no color or options selected. 2016 Honda Accord trade-in prices range from $7,016 - $18,811. Get a more accurate value for your car with the Edmunds appraisal tool.
What should I pay for a Honda Accord?
2024 Honda Accord MSRP and Invoice Price
| Trims | MSRP | Edmunds Suggested |
|---|---|---|
| LX | $28,990 | $27,574 |
| EX Most Popular | $31,005 | $29,325 |
| Sport Hybrid | $33,990 | $32,148 |
| EX-L Hybrid | $35,635 | $33,475 |
How much can you sell a Honda Accord for?
6Edmunds Appraisal Report
driven per year, with no color or options selected. 2023 Honda Accord trade-in prices range from $19,833 - $32,134. Get a more accurate value for your car with the Edmunds appraisal tool.
How much should I spend on a used Honda Accord?
If shopping for a model in this generation, those in decent shape with average miles as of this writing will run between $4,000 and $6,000. Low-mileage models are $7,000-$9,000. See 2003 to 2007 Honda Accords for sale in your area.
How many miles does a 2016 Honda Accord get?
2016 Honda Accord Sedan Specifications & Features Press Kit
| ANTICIPATED EPA MILEAGE RATINGS3/FUEL | LX | Touring |
|---|---|---|
| 6-Speed Manual Transmission (6MT) (City/Highway/Combined) | 23/34/27 | |
| Continuously Variable Transmission (CVT) (City/Highway/Combined) | 27/37/31 | |
| 6-Speed Automatic Transmission (6AT) (City/Highway/Combined) | 21/34/26 |
Does the Honda Accord have high resale value?
Honda Accord Resale Value
According to a report by iSeeCars, the Honda Accord has the best resale value for midsize cars in 2024. The Honda Accord is one of the best midsize cars when it comes to resale value. It retains 61% of its value after five years, which is 6.1% higher than the segment average.
What is the resale value of Honda after 5 years?
After the first five years of ownership, a new vehicle typically retains about 35 percent of its original manufacturer's suggested retail price (MSRP). Meanwhile, Honda consistently holds over 50 percent of its value over the same period of time, making its vehicles a great investment.
What is the price range of a 2016 Honda Accord?
Prices for a used 2016 Honda Accord currently range from $8,420 to $21,999, with vehicle mileage ranging from 14,256 to 219,538. Find used 2016 Honda Accord inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.
What is Honda resale value?
Honda Depreciation
| Year | Depreciation | Residual Value |
|---|---|---|
| 2022 | 22.73% | 77.27% |
| 2021 | 29.25% | 70.75% |
| 2020 | 31.11% | 68.89% |
| 2019 | 34.78% | 65.22% |
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.
