What is the fair market value of a 2017 Honda Accord?
The fair market value (FMV) of a vehicle is a crucial aspect for both buyers and sellers in the automotive market. For those considering a 2017 Honda Accord, understanding its FMV can help in making informed decisions whether you are buying, selling, or trading in the vehicle. In this article, we will explore the factors that influence the FMV of a 2017 Honda Accord and provide a general estimate based on current market trends.
Factors Influencing Fair Market Value
The FMV of a 2017 Honda Accord can vary significantly based on several key factors:
- Condition: The overall condition of the vehicle, including its mechanical state and cosmetic appearance, plays a vital role in determining its value.
- Mileage: Generally, lower mileage indicates less wear and tear, which can increase the vehicle's value.
- Location: The demand for vehicles can vary by region, affecting the FMV. Urban areas may have different pricing compared to rural locations.
- Trim Level: The specific trim level and features of the Accord (e.g., EX, LX, Touring) can also impact its value, with higher trims typically commanding higher prices.
- Market Trends: Current market conditions, including supply and demand dynamics, can influence the FMV. Economic factors and fuel prices may also play a role.
Understanding these factors can help you gauge the FMV of a 2017 Honda Accord more accurately.
Estimated Fair Market Value
As of February 2025, the estimated fair market value of a 2017 Honda Accord typically ranges between $18,000 and $25,000. This range can fluctuate based on the factors mentioned above. Here’s a breakdown of how different conditions might affect the price:
- Excellent Condition: $23,000 - $25,000
- Good Condition: $20,000 - $22,000
- Fair Condition: $18,000 - $19,500
These estimates are based on current listings and sales data, and they can vary based on specific vehicle history and local market conditions.
Conclusion
Determining the fair market value of a 2017 Honda Accord involves considering various factors such as condition, mileage, and market trends. By understanding these elements, both buyers and sellers can make informed decisions. If you're looking to buy or sell a 2017 Honda Accord, it's advisable to consult with a trusted auto service provider or use online valuation tools for the most accurate assessment.
Frequently Asked Questions
How much can you sell a Honda Accord for?
2021 Honda Accord Value - $16,423-$27,914 | Edmunds.
Is the 2017 Honda Accord reliable?
As a whole, consumers found the vehicle's reliability and quality to be its strongest features and performance to be its weakest. 298 out of 431 of owners (69% of them) rank the 2017 Accord five out of five stars. Overall, consumers seem aligned in their opinions of the 2017 Honda Accord.
What is the best year to buy a Honda Accord?
If your budget allows, you should consider the 2012 and 2015 Accord are some of the best years for reliability. 2020 and 2021 are also strong contenders but the used car price on these demand a premium.
Does the Honda Accord have high resale value?
2023 Honda Accord
Thanks to an expected 56.7% resale value rating, the Honda Accord is the ultimate midsize sedan for your lifestyle.
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.
How much should I pay for a Honda Accord?
2024 Honda Accord MSRP and Invoice Price
| Trims | MSRP | Edmunds Suggested |
|---|---|---|
| LX | $28,990 | $27,808 |
| EX Most Popular | $31,005 | $29,632 |
| Sport Hybrid | $33,990 | $32,223 |
| EX-L Hybrid | $35,635 | $33,705 |
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 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% |
How much is a Honda Accord worth today?
driven per year, with no color or options selected. 2023 Honda Accord trade-in prices range from $19,641 - $31,571. Get a more accurate value for your car with the Edmunds appraisal tool.
Which has better resale value, Honda or Toyota?
Toyota has topped Kelley Blue Book's Best Resale Value list eight times since 2014, including the last four consecutive years. Lexus has won the group's award for luxury cars five times. Lexus also topped the luxury category for JD Power's residual awards list. Honda took the mainstream category.
