Poor trade-in value?

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#21

09-11-2008, 12:47 PM

feddup

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Join Date: Sep 2007

Location: Kansas City

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newer hondas

Quote:

Originally Posted by SlavetotheHonda

Not on most cars since the demand is not like a Fit. I traded my 2008 with under 5K and with the tax savings I lost less than I will make up when selling the car. In 2011 there ain't gonna be anyone wanting the older models. Resale will drop significantly.

I don't think the 09 fit will hurt the 07-08 owners resale value that much but Honda's new hybrid and the general evolution of the industry certainly will. It's purely conjecture but I'll bet two years from now the MPGs the fit is getting might be considered laughable and that will certainly affect it's trade in value then.