Honda Accord Ownership Costs and Resale Value
When does a car become more than just a car? That question has inspired Honda from the beginning, and for over three decades, the Accord has been our answer. Now in its ninth generation, Honda’s signature vehicle continues to evolve with drivers and all of their humanity in mind. And the relationship between an Accord and its owner continues to be something very special.
Lower costs to maintain than most vehicles in its competitive class.
The Accord is less expensive to maintain than its competitors based on its reliability and the availability and pricing of its OEM parts. The Accord isn’t sold as a fleet vehicle or to rental fleets. Production is limited, though its market demand is slightly higher. Honda doesn’t overproduce to satisfy union contracts, nor does it have excessive year-end rebates that act to undermine its value. Think about it. An automotive manufacturer that has gimmicky year-end sales whereby they substantially cut the cost of their vehicle thousands of dollars undermines the resale value of their product. Honda doesn’t do this! Honda doesn’t have to do so! Its products sell!
Examine the average Edmunds.com True Cost to Own® (TCO®) for the Honda Accord, and compare it to its competitors. The car you think is cheaper could actually cost more in the long-run. Considering an Accord? Compare it to the competition:
- In comparison, the 2015 Buick Verano costs $41,776 based on a 5-year estimate with 15,000 miles driven per year.
- In comparison, the 2014 Chrysler 200 LX costs $44,558 based on a 5-year estimate with 15,000 miles driven per year.
- In comparison, the 2015 Hyundai Sonata SE costs $36,785 based on a 5-year estimate with 15,000 miles driven per year.
- In comparison, the 2014 Mercedes-Benz C250 Sport Sedan costs $59,534 based on a 5-year estimate with 15,000 miles driven per year.
- In comparison, the 2015 Nissan Altima 2.5L 4-cyl. CVT Automatic costs $38,912 based on a 5-year estimate with 15,000 miles driven per year.
- In comparison, the 2015 Subaru Legacy costs $41,596 based on a 5-year estimate with 15,000 miles driven per year.
- In comparison, the 2015 Volvo S60 T5 costs $52,596 based on a 5-year estimate with 15,000 miles driven per year.
These factors all explain why the Accord has won the 2014 Edmunds.com Retained Value Brand, and why Edmunds.com rated it among the most economical in its class based on its True Cost to Own® calculations.
Among the best resale values in its class.
Honda has consistently taken top honors in its class. Our competitors have tried to gain an edge with a lower up-front price, but have you considered the long-haul and looked at the whole picture? Honda vehicles have an established reputation for being lower maintenance and having better resale value giving us a decisive edge over the competition.
|Honda Accord LX 4dr Sdn (4-Cyl, i-VTEC, 2.4 Liter, 5 speed.)
|Subaru Legacy (4-Cyl, 2.5 Liter)||$22,490|
|Nissan Altima 4dr Sedan (4-Cyl, 2.5 Liter)||$23,125|
|Chrysler 200 LX 4dr Sedan (4-Cyl, MultiAir, 2.4 Liter)||$22,795|
Accolades and Awards
- 2015 10Best Car and Driver award winner for more than twenty-nine years!
- Edmunds.com declares, “The 2015 Honda Accord earns top honors in the midsize sedan class with its well-rounded mix of excellent packaging, superb fuel economy and rewarding performance.”
- As Kelly Blue Book / KBB.com extols the Accord, “Today, the 2015 Honda Accord continues to set the standard in a segment that’s crowded with rivals like the Toyota Camry, Ford Fusion, Chrysler 200 and Nissan Altima.”
- Left Lane News raves that “For many buyers, the Honda Accord is the default choice for a midsize sedan. It’s easy to understand why – between a generous level of standard equipment, excellent mileage, novel technology features and a reputation for reliability, the Accord has a great deal to offer.”