How much is a used 2016 Honda Civic?
After browsing the used car market, I found that five to eight-year-old cars seem like the sweet spot when considering depreciation and value. If this is true, how much should a used 2016 Honda Civic cost me?
Answer provided by
You’re correct, vehicles typically experience the most severe depreciation rates in the first four years of ownership. A used 2016 Honda Civic will cost you between $14,000 and $22,000, depending on mileage and condition.
If you can find a used 2016 Civic with low mileage for a fair price, you should strongly consider pulling the trigger! Not only will you skip the highest depreciation years as an owner, but you will also get plenty of more miles out of it. This opportunistic intersection of value is hard to match on the used car market.
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