2016-honda-fit-taillightNo matter what kind of vehicle you’re shopping for, you want to get your money’s worth, and on the 2016 Nissan Versa Note, that means looking at its residual value. We compared the Versa Note to the 2016 Honda Fit to give you an idea of what comparable residual values are like on compact hatchbacks. But first we want to review the concept of residual value, as not everyone knows what it is or why it matters.
Predicting Residual Value

If a car really lost half its value when you drove it off the lot, it would then have a residual value of 50%. Residual value is the current value of the car as a percentage of its initial price. While a car losing half its value is just an old saying, there is a bit of truth to it: The 2016 Nissan Versa Note residual value will decrease the second you take ownership of it. But what good does that do a new car shopper?

Groups like Kelley Blue Book and ALG predict residual values based on performance, fuel economy, auto industry conditions, and more. These predictions can give you an idea of what to expect from your vehicle in the future, particularly if you might be interested in selling it sooner rather than later.

Compare the Fit to the Versa Note

Now that we know why it matters, how do the residual values of these hatchbacks compare?

  • Each 2016 Nissan Versa Note S has an ALG residual value of 46% at 36 months and 30% at 60 months.
  • A 2016 Honda Fit LX CVT, however, is rated by ALG at a 59% residual value at 36 months and a 44% residual value at 60 months.

For a practical and sporty hatchback that makes for a good investment, the Fit seems to have a solid lead.

Test Drive a Fit

The 2016 Honda Fit isn’t just a smart investment for Albany area drivers, it’s a fun little car. Let us put you behind the wheel so that you can experience it for yourself firsthand. Visit a Capital Region Honda Dealer near you for a test drive.

Capital Region Honda Dealers includes Lia Honda, Keeler Honda, Mohawk Honda, Carbone Honda of Bennington, D’Ella Honda of Glens Falls, Rensselaer Honda, Bedard Bros. Honda, and Saratoga Honda.