Three Honda Models Praised for Retaining Their Value

Late last month, Honda announced that three of their top models had received 2018 Edmunds Best Retained Value Awards. The 2018 Honda Civic, Honda CR-V and 2018 Honda Accord all came out on top of their respective categories with respect to their projected residual value after five years of ownership.

A higher residual value offsets your long-term ownership costs, since you have more equity in your vehicle when it's time to either sell or trade-in your Honda vehicle. This helps put more money in your pocket at the end of your ownership period, which is always a positive.

The awards are designed to emphasize the overall value of ownership for auto buyers, helping to get them to consider more than just the initial purchase price and factor in how the five-year residual value can benefit them.

In a Honda press release, Avi Steinlauf, Chef Executive Officer at Edmunds, commented, "Buying a new car is a huge financial decision, and our 2018 Edmunds Best Retained Value Awards are designed to help shoppers discover the brands and vehicles that can help them get the most out of their investment. This year's winners underscore a commitment to quality and reliability, and are good bets to hold their value over the course of ownership."

Contact Cardinal Honda to speak with a member of our team and learn more about our inventory of new Honda cars, trucks, minivans and SUVs.

Categories: Awards