What is the fair market value of a 2017 Honda Accord?
The fair market value of a 2017 Honda Accord can vary depending on several factors, such as the vehicle's condition, mileage, and location. However, based on current market data, the average fair market value for a 2017 Honda Accord in good condition is typically between $15,000 and $20,000.
Understanding Fair Market Value
Fair market value (FMV) is the estimated price a willing buyer would pay and a willing seller would accept for a vehicle, assuming both parties have reasonable knowledge of the relevant facts. This value is often used as a reference point for buying, selling, or trading a used car.
Factors Affecting the Value of a 2017 Honda Accord
The fair market value of a 2017 Honda Accord can be influenced by several factors, including:
- Mileage: Vehicles with lower mileage tend to have a higher fair market value.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, can significantly impact the fair market value.
- Location: The geographic region and local market conditions can affect the fair market value of a vehicle.
- Options and Features: Vehicles with additional features or options, such as leather seats, sunroof, or advanced safety technologies, may have a higher fair market value.
- Maintenance and Repair History: A well-maintained vehicle with a documented repair history can command a higher fair market value.
By considering these factors, you can better estimate the fair market value of a 2017 Honda Accord and make an informed decision when buying, selling, or trading the vehicle.
Determining the Fair Market Value
To determine the fair market value of a 2017 Honda Accord, you can use various online resources, such as Kelley Blue Book, Edmunds, or NADA Guides. These websites provide detailed information on the current market prices for used vehicles based on the specific make, model, year, and condition.
Additionally, you can consult with local car dealerships or private sellers to get a better understanding of the current market conditions and pricing in your area. By gathering multiple data points, you can arrive at a more accurate estimate of the fair market value for the 2017 Honda Accord you are interested in.
How much can you sell a Honda Accord for?
2021 Honda Accord Value - $16,423-$27,914 | Edmunds.
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.
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.
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.
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 |
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.
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.
