Do Honda Ridgeline hold their value?

Do Honda Ridgeline hold their value?
The Honda Ridgeline has mixed reviews when it comes to holding its value. While some sources suggest that the Ridgeline holds its value well, others indicate that it has one of the worst resale values among trucks.
According to a post on the Honda Ridgeline Owners Club Forums, the Ridgeline did not hold its value very well, with one owner reporting that they were offered $22,000 by CarMax and $24,000 by Carvana for a 2018 Ridgeline with 43,000 miles. However, it’s important to note that this post was made during the COVID-19 pandemic, which may have affected the market value of vehicles.
On the other hand, Edmunds ranks the 2022 Honda Ridgeline as the top pick for the best model year value, with the 2021 and 2019 model years also providing a relatively good value. Additionally, JD Power awards across the Ridgeline model years demonstrate that the Ridgeline holds its value in terms of reliability, quality, and performance.
Comparing the Ridgeline to its competitors, the Toyota Tacoma retains about 77.5 percent of its value after five years, while the Ridgeline’s value depreciates by approximately 24 percent over the same period. However, it’s worth noting that the Tacoma has a larger market presence and a strong cult following, which may contribute to its higher resale value.
In summary, while the Honda Ridgeline may not have the best resale value compared to some of its competitors, it still holds its value well in terms of reliability, quality, and performance. Factors such as market conditions, location, and individual vehicle condition can also influence the resale value of a Honda Ridgeline.

What new truck has the least problems?

The Most Reliable Trucks

• 2024 GMC Sierra 1500 – 2023 J.D. Power Reliability Rating: 86/100.
• 2023 Ford Ranger – 2023 J.D. Power Reliability Rating: 86/100.
• 2023 Ford F-150 – 2023 J.D. Power Reliability Rating: 86/100.
• 2024 Chevrolet Silverado – 2023 J.D. Power Reliability Rating: 87/100.

What truck devalues most?

5 Trucks That Depreciate the Fastest

1. Hyundai Santa Cruz — 53% This compact pickup is stylish but it’s also less affordable, less efficient, and less capable than many other models, including the Hyundai Maverick.
2. GMC Sierra 3500HD — 50.2%
3. Chevrolet Colorado — 49.3%
4. Nissan Titan — 47%
5. Ram 3500 — 46.4%

What is the average life of a Honda Ridgeline?

According to pattersontruckstop.com, a typical Honda Ridgeline will last around 200,000-250,000 miles. This number, of course, will require some effort on your behalf and careful upkeep if you want to make the most of your experience behind the wheel.

Is the Ridgeline a good buy?

If you want a truck that doesn’t drive like a truck, you’ll want a Honda Ridgeline. It steers accurately and feels secure and controlled in turns, even when driving over bumps. This is where the Ridgeline’s car-like unibody design shines through. We like how the V6 engine and automatic transmission work together.

What pickup truck holds its value the longest?

Pickup Trucks With the Best/Worst Resale Value in 2023

• #8. Chevrolet Silverado 1500.
• #7. Toyota Tundra. Photo: Toyota.
• #6. Chevrolet Colorado. Photo: Chevrolet.
• #5. GMC Sierra 1500. Photo: GMC.
• #4. GMC Canyon. Photo: GMC.
• #3. Ford F-150. Photo: Ford.
• #2. Toyota Tacoma. Photo: Toyota.
• #1. Nissan Frontier. Photo: Nissan.

What truck loses the least value?

Which Truck Has the Best Resale Value?

• Toyota Tacoma — 67.6% The Toyota Tacoma is an iconic off-roader.
• Toyota Tundra — 64.1% Toyota comes out on top for full-size trucks too.
• Honda Ridgeline — 61.9%
• Nissan Frontier — 60.5%
• Chevrolet Silverado — 60.1%
• Jeep Gladiator — 58%
• Ford F-150 — 57.3 %
• Ram 1500 — 54.8 %

Is A Ridgeline A Good Buy?

The 2021 model gets a refreshed exterior and interior, standard all-wheel drive, and the updated touch-screen infotainment system with a rotary volume knob. The Honda Ridgeline challenged pickup conventions, ranking as the best compact truck we have ever tested.

What truck depreciates the fastest?

1. Ford F-150. The F-150, a classic workhorse of a truck, leads with a depreciation rate 47%, which is partly due to its popularity and availability of parts. There is no short supply of backup cameras for a Ford F-150 to increase the safety and comfort on the road.

What is the resale value of a Ridgeline?

Based on the website, the Ridgeline has a depreciation rate of only 29% after five years. This means that a Honda Ridgeline typically retains a resale value of $32,457 after five years. Based on a new Honda Ridgeline priced at $45,445, the initial selling price for the website’s analysis.

Which truck depreciates the least?

Which Truck Has the Best Resale Value?

• Toyota Tacoma — 67.6% The Toyota Tacoma is an iconic off-roader.
• Toyota Tundra — 64.1% Toyota comes out on top for full-size trucks too.
• Honda Ridgeline — 61.9%
• Nissan Frontier — 60.5%
• Chevrolet Silverado — 60.1%
• Jeep Gladiator — 58%
• Ford F-150 — 57.3 %
• Ram 1500 — 54.8 %