Ouch!!! That's gonna hurt . Depreciation due to airbag(s) recall
 

Wonder if the possible passenger side recall is having an impact as well . Hey HONDA !!! How 'bout a helping hand to the owners like that of the Deprication Assistance Program for dealers ! Or an option for a buyback . :mad: . Click pictures to enlarge .

That seems like a very strong trade in number. Not sure what your complaint is.

Agreed, I dont see whats wrong. Thats about my trade in value for my fit.
I purchased my 13' base with 35k for 13000

The trade in value dropped by $696 in 31 days . That's not the normal rate . Almost 10 times more for a month .

And once the recall is performed...

Gas is cheap.


People aren't buying cars right now.

If you're that concerned with resale go buy a 93 Tercel, you'll never lose a cent.

Go buy a tacoma, even with 100k miles people still want 25k for it

Truth. Toyota Tacoma has the highest resale value of any vehicle sold in the US.

I drove my '08 Fit for 5 years and 100K miles before it was destroyed in a hailstorm. Insurance paid me almost $10K. No complaints here on resale value.

Disagree with all of you . We had TOYOTAs too .

Okay, the same Toyota that is also impacted by the Takata airbag recall?

Along with:

Audi
BMW
Chevrolet
Chrysler
Dodge/Ram
Ford
GMC
Infiniti
Mazda
Mercedes
Mitubishi
Nissan
Saab
Saturn
Subaru
Toyota
Volkswagen

But you're right, because you're a special flower you should get money from Honda, who totally chose to give you a faulty airbag.

HAHAHA exactly

:rolleyes:

10K is pretty good in my book! especially for a 18k vehicle brand new

You aren't going to experience ant depreciation due to the airbag recall. Nearly every make and model is effected.

The whole market is low right now because of school and tax season is over.

Another hit .

u better go trade in or sell. better to cut your losses while you can.

You should just trade it in if you're so concerned with the value of your car. You'd enjoy a Ford, GM, FCA, Kia/Hyundai, VW, BMW, etc., brand and their depreciation much more.

There are ups and downs everywhere. Just think what will happen by the end of the year when the Fits airbags are all replaced and then you back up to a very nice almost issue free vehicle.

another hit to your Fits value is the gas prices..... very few people want a small compact car when they can have a truck or suv. Small compacts being bought up in droves is an effect of high gas prices. resale value and trade in value as you most likely are aware is based on market demand. Right now sadly, demand is not in the compact car market. things will turn around, its what it is called a buyers market right now. The Airbag is really the only technical issue wrong with the fit, and there is a fix trying to be implemented.

plus, trading in a vehicle almost guarantees you taking a tiny amount for your car. you have a 2013, unless its a lease, why are you so intent on getting rid of it 3 years after you bought it?

I had a '93 Tercel. Great car. Not a Honda, but a great car. :)

Also, I think if the recall is performed, then you have about the same value as you would have had without the recall because the recall removes the issue. Or am I missing something here? I'm on the Lotus boards. Lotus = lotsa recalls. And those cars sold Used are still very valuable, especially if the recalls have been performed.

What are you, a car dealer? It's a machine, not inventory- buy the car you want/need to drive. Then resale value is irrelevant.

exactly and even 4k for a 3 year old car that was bought for 16k is pretty damn good to trade into a dealer....

Agreed.

A lot of people that you encounter on forums won't buy anything without an assurance about future resale value. I guess that means that a lot of people on forums want to buy things that they know they cannot really afford. :D

Still disagree . The drop looks to be getting larger . Aware of the want for larger vehicles , lower gas prices ( rising ) and more economy cars ( new , used ) sitting on lots . The 2 recalls for driver / passenger side are likely contributing more so . I would think the recalled Hondas waiting to be fixed on Honda dealer lots wouldn't help book value . We have 2 FITS . Makes it a bit more frustrating . Both are in use .

I would get them turned into rental cars and then when this is all said and done your mileage will be awesome :) I have already saved 2,400 miles off my fit with my rental!

Another larger loss . -353 for 1 week and additional 242 miles .

You don't lose until you sell it. Do that.

i think you would have to look at all the other cars that are involved in the airbag recall to get an accurate picture of increased depreciation.
i'm still amazed at the number of cars involved.

Methinks OP has OCD.

Seeing as the OP has OCD, maybe we should keep the recall of the SRS on the QT.

:rolleyes:

Odie, another day has passed! Better go check your residual value!!! ;)

Seriously, I think your car's value is tied more to the price of gas than the price of the airbag. If you see it heading back towards $4/gallon you will likely see the value rise too.

I got a great deal on the 2016 Fit that I bought a couple of weeks ago and I probably will not sell it for at least 10 years. For some of us its all working out well.

" Odie, another day has passed! Better go check your residual value!!! ;) "

Will do that tomorrow . 1 week .

" Seriously, I think your car's value is tied more to the price of gas than the price of the airbag. If you see it heading back towards $4/gallon you will likely see the value rise too. "

Let's hope so . Oil is over $51 a barrel .

Good for you and best of luck . Have owned the '11 about 5 1/2 years and the '13 a bit over 2 . May keep both until the end .

I am just not seeing the purpose of checking the "resale" value on a vehicle that you aren't planning on selling yet.... Cars depreciate, they are never an investment. best not worry about day to day losses and just enjoy the vehicle. At least its not a house that can lose thousands over night some nights....

The "value" of my house, car, 401k and everything else is irrelevant until I want money from any of them.

I bought a meal a few days ago. 100% of that money's already down the toilet. But I'm not a grocery store, I didn't buy that food to resell, so it doesn't matter what the resale "value" is.

Unless you're a used car dealer or ditching your car this week, what's resale value?

In my state I have to pay property tax on my car based on it's value. I'd prefer it was worth nothing, right up until the day I want to sell it. Then I want it to be worth what I paid for it. :)

Stated MAY keep until the end . The value of $9,495 ends today . New is 6/10 . MAY post that tomorrow .

well even still... you have to keep it until at least the airbags are fixed... after that, nothing should be wrong with the car and you should see it go back to normal numbers. still 9.5k is a great price for a used car

Last post of depreciation . Thanks to lack of appreciation :) . 83 miles more and $103 less as of 1 week ago . Slowed down a bit .