When it comes to car buying, the Honda Civic is one of the most popular choices in the United States. It tends to bring efficiency and practicality at a reasonable price point. Additionally, the Honda Civic might be a gift that keeps on giving. Civic owners might be pleased to find out that their car might pay them back in trade and resale value.
How much is the Honda Civic worth in resale and trade value?
According to Cars.com, the Honda Civic is one of the cars with the best trade and resale value. The Honda sedan reportedly had an eight percent increase in resale value. Furthermore, the Civic is worth more in trade-in value. That bump in trade value comes on the heels of dealerships reporting that they already pay 11 to 20 percent over trade-in payouts from 2020.
Is Honda Civic expensive?
The Honda Civic is a sensibly priced sedan. According to TrueCar, you can get a 2022 model for a starting price of $23,645. Furthermore, if a used example is what you’re thinking about, a 2018 Civic EX has an average list price of $23,630. The prices are nearly the same, depending on trim, mileage, and condition.
Which years of Civic have the best trade and resale value?
Not every model year of Honda Civic is enjoying a significant uptick in resale and trade value. The model years with the most gain are the most recent variations, namely 2018, 2019, 2020, and 2021 Civics.
Is the Honda Civic a good car?
The Honda Civic is a good car, with lots of practical technology, interior space, and charm. Also, consumers with their eyes on the newest models can enjoy the welcome restyling from the awful previous body style. TrueCar gives the 2022 Honda Civic high scores and reports that owners score the previous models highly as well.
Are there any other cars with great value?
The Honda Civic is not alone on the list of vehicles with bloated trade and resale values. The Kia Optima, Toyota Corolla, Toyota Camry, and Honda Accord are all examples of best-selling sedans enjoying higher-than-average values. Furthermore, the Tesla Model 3 and Tesla Model Y are two of the top-performing EVs in terms of value retention.
Should you cash in on the resale and trade value of your car?
Cars.com says that the Honda Civic is a car that could pay better than most in resale value. However, before you take advantage of your Civic’s high trade-in and resale value, you must consider a few things. First, the vehicle shortage is ongoing, so finding a replacement for your car might be difficult. Still, if your Civic isn’t your only car, you could potentially offload it for some extra money.
Next, if you plan to replace your Civic, keep in mind that you might lose that extra value with high vehicle prices. Chip shortages, material issues, and supply chain follies have kept dealerships scarcely stocked and gouging prices. As a result, you can expect to pay a bit more for that new or used replacement.
Scroll down to the following article if you want to read more about vehicles with high and rising resale values.