Do Honda Fits Hold Their Value? Exploring Resale Trends And Depreciation

When evaluating the reliability of a Honda Fit, one of its standout attributes is its exceptional track record for dependability. According to Repair, a trusted source for automotive reliability ratings, the Honda Fit achieved an impressive reliability score of 4.5 out of 5.0. This high rating not only underscores the Fit’s durability but also positions it as a top performer in its automotive segment. As of August 29, 2023, the Honda Fit held the fourth position in terms of reliability rankings, reaffirming its reputation as a dependable choice for prospective buyers.

How does the Honda brand fare in terms of retaining its value over time? Typically, after the first five years of ownership, a new vehicle retains approximately 35 percent of its original Manufacturer’s Suggested Retail Price (MSRP). However, Honda stands out by consistently preserving over 50 percent of its initial value during the same timeframe, which makes Honda vehicles a particularly attractive and prudent investment. This remarkable ability to maintain value sets Honda apart in the automotive market.