How 2015 Honda Fit earned KBB 'Best Resale Value' award
For us the verdict is still out on assessing the long-term quality and future forward resale value of Honda’s compact 5 door hatchback. Anyone shopping for a lightly used, late model Honda Fit knows that a 2 to 4 year old hatch often approaches the price of a new car. However, on the market for a mere 3 months, the redesigned built in Mexico 2015 Fit has earned yet another auto industry accolade that could be a bit early out of the gate.
Nonetheless, Kelley Blue Book(KBB.Com)recently award 2015 Honda Fit “ Best Resale Value” in the subcompact class. KBB’s prediction is based on several factors measured over a 5 year term of ownership and doesn't pertain to short-term lease deals. If KBB’s prediction proves out over time, Honda Fit will join Accord, Civic and CR-V as 3 of the highest residual value used cars in North America.
What long-term residual value mean for you
In the case of the U.S. built Honda Civic, it’s not unusual to find a used mid-trim level 5 to 6 year old 4 door sedan priced to sell $12,500+, or 65 to 70% of the original MSRP. Assuming a fair trade in value for the past owner, 50% or more of the original purchase price has been returned on the initial investment, and adds to a lower cost of ownership over the competition.
For Honda cars and light trucks, past performance, reliability and standard features drive historically high resale value. looking to the numbers we believe that the totally redesigned 2015 Fit 5 door hatchback may be the greatest value found in a compact 5 door hatchback today.
When closely scrutinizing Fit we find top of class fuel efficiency, comfort and safety presented in a fun to drive automotive transformer. We recently hit the streets of Los Angeles in Fit with full Tech and were impressed by this compact’s active and passive safety features, intuitive personal electronic connectivity and paddle shift enabled sports-tendencies.
History may repeat itself with Fit
Torque News reported high retail used Fit prices back in 2014. We predict that demand for used Fits will level off a bit, along with slight downtrends in retail price, as Honda increases dealership inventory of the redesigned 2015 made in Celaya, Mexico Fit 5 door hatchback. We've checked in with our dealership network and find that Fit inventory in most regions has caught up with consumer demand.
While we don’t anticipate huge dealership, factory or Honda-Finance incentives on Honda’s portal vehicle in the first quarter of 2015, we do believe that additional savings can be found on your Fit of choice as production increases in Honda’s newest North American Plant. You may find pricing and specifications for 2015 Honda Fit here.
What we like about Fit: Fit’s great looking exterior body-line shares more than one design cue with Civic Si coupe and Honda CR-V. Honda Engineering has stepped up to the task of taking the “Box” look out of Fit while increasing usable interior volume. In-fact, Fit features the greatest interior volume and utility in its class. Thanks to Fit’s “Magic” second row seating, when placed in the folded position, Fit’s flat rear cargo area can double as a small transport van.
As to the look: We like what Honda has done with Fit’s body trim and wheel packaging, adding just enough ‘Bling’ to an already fine looking 5 door hatchback. Fit visually flows: Not an easy design task when holding the bottom line on price. We also like the body integration of tail and headlights, color choices and rear glass-hatch look. Fit records a low wind tunnel drag coefficient without looking obnoxious. For those wishing for a bit more sport in a Fit-sized crossover, look to the all new Fit platformed 2016 HR-V to appear in the summer of 2015.
Looking to Fit’s interior we discovered an environment that is sized to the North American driver. Great head and shoulder room, premium seating, decent interior trim and finishes, topped off with an exceptional offering of standard convenience and safety features, Fit outperforms the competition where it counts. Offering the interior space and utility of many mid sized minivans, with the drivability and economy of a sub-compact, Fit’s capturing Honda’s portal car buyer’s market as we drive through 2015.
Don’t let the numbers dissuade you. Despite the smallest engine displacement in the American Honda Motors lineup, Fit’s performance and drivability may surprise you. You’ll find our latest drive review of 2015 Honda Fit here.