Honda-Tech - Honda Forum Discussion

Honda Accord: What is My Car Worth?

So a new, shiny car has caught your eye and it's time to move on from your old one. But how do you determine the actual value of your Honda, and the price you can sell it for? Here are some important factors to consider.

By Brett Foote - February 27, 2015

This article applies to the Honda Accord (1990-2002).

While some cars lose an incredible amount of value once driven off the lot, Honda owners have long enjoyed one of the higher retained values of any automotive brand. This stems from the manufacturer's reputation for producing quality cars that run for a long time and with few problems. While other car brands begin to fall apart after the odometer exceeds 100,000 miles, Honda vehicles are often just getting broken in. In spite of this, a car is only worth what someone is willing to pay. So, how do you determine a realistic value for your Accord? Here are some factors to consider.

Newer Car Value

Figure 1. Honda Accord Coupe.

Condition is one of the most important influences on the price. While older cars see less of a deviation in their value from scratches or dents, newer models are expected to be in tiptop shape. The values between identical models can also vary by thousands of dollars based solely on overall condition. Base models often quickly lose their value as well, while better equipped models tend to hold a better value and are more desirable. Plus, location may also be an issue. For example, if you live in the South and have a car with no air conditioning, you may have a hard time selling it at any price.

Older Car Value

Figure 3. An older model can often present a big bargain, even one with lots of options.

If you're looking for a bargain, there are some older Honda Accords out there for a very good price and are still in excellent condition. A 1992 Accord in good condition, for example, can run anywhere between $1,000 to $2,000, which is considerably less than a newer model. You may not get all the high-tech gadgets of a newer model, but you do get a huge savings and a supremely reliable ride.

How Does the Accord Hold Up Over Time?

The great thing about older model Accords is that you can obtain a reliable car for a great price. Although Accords tend to hold their value quite well, the costs of upkeep are low and maintenance is needed less frequently when compared to similar models from competing manufacturers. Depending on the car's mileage and options, a 2002 Honda Accord in good condition can run you anywhere from $1,700 to $3,000. What you can get for that kind of money is a car that will likely have many years left before you face any major problems or issues.

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