If you’re buying a new car around the Metro Detroit area, we know you have a wide range of choices in the mid-size sedan class alone, but if you’re looking at the 2015 Nissan Altima for its residual value, we suggest you take a glance at the 2015 Honda Accord as well. The Accord has been helping redefine the idea of what drivers expect out of an affordable new car, and that includes its investment potential and residual value.
But first, what is residual value, and why does it matter?
Why Residual Value Matters
When you look toward a new vehicle, you want to make sure that it fits your needs and budget, but what happens if those needs change in the future? You’re probably going to want to sell your car, and that means you want your vehicle to keep as much of its initial purchase price as possible.
The residual value is the amount of the vehicle’s purchase price that remains after a given amount of time, as estimated by experts in the field of car depreciation like ALG, and it’s a smart way to compare new cars.
How Does the Altima Stack Up?
While the Altima has come a long way in recent years, all it takes is one look at our side-by-side comparison of the 2015 Nissan Altima and 2015 Accord to see that Nissan’s sedan has a ways to go, and that includes residual value:
- The 2015 Honda Accord LX Sedan with CVT carries a residual value of 54% at 36 months and 40% at 60 months, according to ALG.
- The Altima 2.5, on the other hand, only retains 49% of its value at 36 months and 37% of its value at 60 months.
We think one of the biggest advantages in the Accord’s corner when it comes to value is the vehicle’s suite of modern features, which are sure to make it appealing for years to come.
Test Drive an Accord Today
While comparing the 2015 Honda Accord and 2015 Nissan Altima residual value numbers gives you an idea of where you should invest for your next car, you really do need to take the Accord for a test drive to see everything it has to offer. Stop by a Detroit Area Honda Dealer today to take one for a spin.