these cars do not hold value as they did before

Gruber

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lets face it, this gen civic does not hold value like before. my hb is barely 3 years old, 41k miles an is worth less than 50% of the msrp (29k)

so this cars really worth 13,000 which is a shame especially my mileage.

by the time im ready to buy a passport in 2 years, id be lucky if its worth 5,000

Edmunds prices this car (with navigation) in "clean " (not "outstanding") condition as a $16,546 trade-in, $19,149 dealer retail.

Blue book gives for a "very good" (not "excellent") condition $15,091 to 16,338 trade-in, $17,026 to 18,479 private sale, $17,280 - $20,041 dealer retail.


So, if your car is in good condition, I'm sure you can find someone who offers even less than $13k, and maybe someone who asks for more than $29k for a new one, but I don't see what does it prove....:dunno:

Try to buy one like this and see what you will think about holding value then.....
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nizarz

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lets face it, this gen civic does not hold value like before. my hb is barely 3 years old, 41k miles an is worth less than 50% of the msrp (29k)

so this cars really worth 13,000 which is a shame especially my mileage.

by the time im ready to buy a passport in 2 years, id be lucky if its worth 5,000
First 3 years from new is the highest depreciation rate.
 

Gruber

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First 3 years from new is the highest depreciation rate.
Of course, because most people, in particular in the first world, very highly value the "newness" of a car, and are willing to pay a lot more to have a brand spanking new vehicle. Recently the car electronics changes so rapidly that even a couple of years old cars feel old and lose value, because they don't have some walkie-talkie integration or have a ridiculously small tablet installed.
I myself wouldn't buy a 3-years old used car unless it's very substantially cheaper than new.
 

arsh88

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Cars lose like 60% of their value in their first 3 years
 

CivicChina

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Honda in China is the best brand as far as residual value of used cars in all categories: Fit, Civic, Accord and CRV are in first position against competition. Fit is the best overall, Civic just behind retains over 65% value after 3 years. Manual transmission cars like mine are very rare and not in high demand so the prices vary a lot depending on the location and patience of the seller to wait for the right buyer.
 


Daniel644

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Of course, because most people, in particular in the first world, very highly value the "newness" of a car, and are willing to pay a lot more to have a brand spanking new vehicle. Recently the car electronics changes so rapidly that even a couple of years old cars feel old and lose value, because they don't have some walkie-talkie integration or have a ridiculously small tablet installed.
I myself wouldn't buy a 3-years old used car unless it's very substantially cheaper than new.
I bought my 2016 Civic EX-T used at 3 years and 2 months old from when my brothers wife bought it new, I paid on the higher end of retail (because I was saving a $1,000 off the TAVT registration fees since I was buying from a family member and only had to pay 0.5% instead of like 7-7.5% tax on the purchase price) but still paid them less then 75% of what they bought it for new, personally I consider like $7k savings to be a pretty big chunk of change.
 

Dan9908

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There are many variables that factor into what a trade is worth. Condition, mileage, trim and if you’re buying something else

I traded my 18 Si in a couple weeks ago and was given $20,500 for it. I paid $22,200 in Jan of 19
 

arsh88

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There are many variables that factor into what a trade is worth. Condition, mileage, trim and if you’re buying something else

I traded my 18 Si in a couple weeks ago and was given $20,500 for it. I paid $22,200 in Jan of 19
This! I also noticed that there's a lot of "low dollar" civics flooding the market and when you check the history a lot of them are previously totaled vehicles. If you filter out those the prices aren't too bad. my 2018 which was $22k last december is now worth $18k. A car on average loses 60% of it's value in the first 5 years. I've also noticed it's the sedans tanking in value the most which is also the most popular model. The hatchbacks are barely budging on price.
 

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Daniel644

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This! I also noticed that there's a lot of "low dollar" civics flooding the market and when you check the history a lot of them are previously totaled vehicles. If you filter out those the prices aren't too bad. my 2018 which was $22k last december is now worth $18k. A car on average loses 60% of it's value in the first 5 years. I've also noticed it's the sedans tanking in value the most which is also the most popular model. The hatchbacks are barely budging on price.
Historically the Sedans where always the lowest value of a generation, but that was back in the 80's and 90's when ALL Sedans where the LX trim which was basically a DX with 4 doors (Cloth Seats, Manual Windows, Manual Locks), starting with the 2000 model year things started to shift as the sedans got more trim levels, but now with the sedan being the most mass produced body the hatches and coupes are holding more value because of the rarity, I for one can't remember the last coupe i've seen, but I have seen a Hatch or 2 recently, but nothing like the daily multiple sedans I see.
 


James3spearchucker

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i traded in my 2016 ex-t sedan for 14500, only had about 26K miles. the dealership sold it for 19k was on the lot for 3 days
This is super-typical. Dealers look to gross from 4-5k on reselling used cars. They are the casino raking in the cash.
 

stingray

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lets face it, this gen civic does not hold value like before. my hb is barely 3 years old, 41k miles an is worth less than 50% of the msrp (29k)

so this cars really worth 13,000 which is a shame especially my mileage.

by the time im ready to buy a passport in 2 years, id be lucky if its worth 5,000
They make a gazillion of them, more than before. Therefore, value drops quickly, absent something special about the car.
 

Gruber

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They make a gazillion of them, more than before. Therefore, value drops quickly, absent something special about the car.
Now, just like then, they only make exactly as many cars as people buy. If they make more, it means that there is more demand. There are no piles of new civics accumulating somewhere on huge lots. So the number of cars made does not have any bearing on price. If a car is made in small numbers, it means that few people want it, but it doesn't mean it's hard to get.
 

REBELXSi

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lets face it, this gen civic does not hold value like before. my hb is barely 3 years old, 41k miles an is worth less than 50% of the msrp (29k)

so this cars really worth 13,000 which is a shame especially my mileage.

by the time im ready to buy a passport in 2 years, id be lucky if its worth 5,000
Oof at 29k for a Civic that's not a CTR lol
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