Resale Value

spammer · Mar 29, 2013

I have been looking at a few vehicles that might be good for our family. We have an older SUV that we like but it isn't reliable. So I am interested in the Ridgeline but am curious on your thoughts on resale value (I'm weird and think about stuff like this).

Right now the Ridgeline doesn't appear to be holding value as well as a Tacoma or other similar vehicles. This lower resale value makes me interested in it since it has more features for less $$.

How do you expect the resale value to hold? I'm thinking that sales have dwindled, and the value = supply & demand. Supply is getting lower, yet it seems that owners really like the vehicle.

Any guesses of what will happen to the value of the Ridgeline if it is discontinued or drastically updated?

Rockwood · Mar 29, 2013

Have you driven either vehicle?
The Ridgeline feels like a limo versus the Taco which felt rough and unpolished.

Sent from AutoGuide.com App

Sparkland · Mar 29, 2013

Not sure what world you are living in, but used RL's are going for premium prices in my area and they are scarce--$26000 for a 2009 RTL.

reinhold · Mar 29, 2013

#1, welcome to the ROC
#2, it is helpful to put your location (City/State, or at least State) in the profile under your User ID so we can have an idea where you're coming from, regionally speaking
edit: #2.5 - interesting User ID.......
#3, not fair to mention a 'older SUV you like' without sharing what it is
#4, personally, I predict the value and desirability of the RL to hold, particularly in my neck o' the woods. Are you looking at a base RT or top end RTL? or maybe RTS or Sport?

speedlever · Mar 29, 2013

"Any guesses of what will happen to the value of the Ridgeline if it is discontinued or drastically updated? "

I have to ask... of what value is a guess here? Anyone's opinion is just that and nothing more.

Buy the RL if it fits your needs and wants. Resale value is a constantly moving target driven by parameters that no one has control over.

Nuke83 · Mar 29, 2013

I think you're confusing resale value for price.

Tacoma's typically cost MUCH more new, then depreciate at a greater rate than a Ridgeline, and still cost more used.

By comparison, Ridgelines cost less new and hold their value better, still costing less than a Tacoma used, but by not as nearly large a gap as new. Basically, they hold their resale value as well or better than a Tacoma, particularly for what you get.

What you'll tend to see most on the forum considering is whether to purchase a 2 year old RL or a new RL as the price difference isn't terribly different.

Compare the new and used prices of 4x4 Tacoma to the RL and let us know what you find.

bluewater1 · Mar 29, 2013

One of the reasons I bought a RL is because I have consistently over the years seen good resale for them.

Parsec · Mar 29, 2013

Nuke83 said:
I think you're confusing resale value for price.

Tacoma's typically cost MUCH more new, then depreciate at a greater rate than a Ridgeline, and still cost more used.

By comparison, Ridgelines cost less new and hold their value better, still costing less than a Tacoma used, but by not as nearly large a gap as new. Basically, they hold their resale value as well or better than a Tacoma, particularly for what you get.

What you'll tend to see most on the forum considering is whether to purchase a 2 year old RL or a new RL as the price difference isn't terribly different.

Compare the new and used prices of 4x4 Tacoma to the RL and let us know what you find.

A fully loaded Tacoma costs about the same as a base Ridgeline. Tacomas actually do hold their value better than Ridgelines do when you compare the same year and mileage.

Nuke83 · Mar 29, 2013

Parsec said:
A fully loaded Tacoma costs about the same as a base Ridgeline. Tacomas actually do hold their value better than Ridgelines do when you compare the same year and mileage.

Wasn't my experience when I shopped and bought mine, but I know that can vary.

When I was shopping for new and used, I was looking at Tacoma's and RL's. Pound for pound, this time last year, the RL's were less both new and used and the depreciation between new and used was lower on the RL's.

But that was just my experience in the southeast.

DaveG55 · Mar 29, 2013

At the spring auto show I made it a point to sit in the Taco and the Tundra since on ROC those seem to be the most compared trucks. IMO neither can compare to the RL. The Tundra is a full sized truck and should be compared to other full size trucks. It is designed to do things the RL is not designed for and a comparison is apples and oranges to me. The Tacoma is, IMO, light years behind the RL in comfort. I'm right at 6' tall and 225lbs. I simultaniously hit my head (on door jamb) and my thigh (on the steering wheel) getting into the Taco. Once in it felt very cramped and, well, less comfy. As my wife watch me get in and out she refused to even try to get in and check it out. It really made me apriciate my RL all the more.
I post all that because the impression I get is it seems like your research thus far is internet research. Not that the net is a bad place to start but it will really only get you so far and is not always an indicator of what YOU will like in the real world. I highly suggest that you take the entire family and go test drive one. Load the family in, pets too if they ever travel with you, Think about what you want to haul around, think about things like storage, Unload the family and get back in a couple time to simulate running errands or taking a trip, etc. Then do the same thing with any vehicle you are considering. It wil quickly become apparant what will work for you and what won't.
As far as holding resale value, I canot begin to guess. Just way too many factors that are unknowns. And, really, to me it does not matter. I tend to keep vehicles for 10+ years (last car was a "98 Grand Cherokee that I sold in '12 w/ 255k on the clock) and by then resale is more about condition and milage and who is willing to buy something that old and well used.
Good Luck with the search.

Parsec · Mar 29, 2013

Nuke83 said:
Wasn't my experience when I shopped and bought mine, but I know that can vary.

When I was shopping for new and used, I was looking at Tacoma's and RL's. Pound for pound, this time last year, the RL's were less both new and used and the depreciation between new and used was lower on the RL's.

But that was just my experience in the southeast.

Wow, I didn't know it could change that much from region to region. I'm in the Northeast. I was cross-shopping the Tacoma vs Ridgeline new/used last year at this time too and only bought the Ridgeline because I couldn't find any 4x4 double cab Tacomas (2005 and later) for under $16k even if they had 150k miles, and most were in the $19-20k range. I found many 2006 RTLs for $12-14k. I almost bought a new Tacoma because I thought that was the best deal pound for pound, but I decided to slash my budget and buy used in order to avoid taking out a car loan. I'm glad I decided to get a used RL instead!

Rickman · Mar 29, 2013

I have to admit, that looking into selling my fully loaded Ridgeline and getting a fully loaded CRV, the price difference is very minimal for a 2007. But the Ridgeline is a much more expensive vehicle to purchase new.

Very disappointed in that aspect, but not disappointed at all with it's reliability! :act064:

spammer · Mar 29, 2013

Parsec said:
Wow, I didn't know it could change that much from region to region. I'm in the Northeast. I was cross-shopping the Tacoma vs Ridgeline new/used last year at this time too and only bought the Ridgeline because I couldn't find any 4x4 double cab Tacomas (2005 and later) for under $16k even if they had 150k miles, and most were in the $19-20k range. I found many 2006 RTLs for $12-14k. I almost bought a new Tacoma because I thought that was the best deal pound for pound, but I decided to slash my budget and buy used in order to avoid taking out a car loan. I'm glad I decided to get a used RL instead!

This is exactly what I am seeing. I am in the Bay Area. I'm looking used in the sub $20k area and Ridgelines are a much better value. I'm sold on the Ridgeline because I need more of a family / Tahoe snow truck then I need a small truck.

spammer · Mar 29, 2013

Parsec said:
A fully loaded Tacoma costs about the same as a base Ridgeline. Tacomas actually do hold their value better than Ridgelines do when you compare the same year and mileage.

Same here in the Bay Area.

reinhold said:
#1, welcome to the ROC
#2, it is helpful to put your location (City/State, or at least State) in the profile under your User ID so we can have an idea where you're coming from, regionally speaking

Done.

reinhold said:
edit: #2.5 - interesting User ID.......

Thank you. I just thought this one up a day ago or so. Very proud.

reinhold said:
#3, not fair to mention a 'older SUV you like' without sharing what it is

Long story there. But I own a 1995 Range Rover Classic. Sentimental in many ways.

reinhold said:
#4, personally, I predict the value and desirability of the RL to hold, particularly in my neck o' the woods. Are you looking at a base RT or top end RTL? or maybe RTS or Sport?

I am leaning towards a used RTL in the sub $20k range.

ExF150Driver · Mar 29, 2013

I paid $34,300 for my 2012 RTL with Nav and just traded it in for $29,000. Resale value has been doing fine by me.

Parsec · Mar 29, 2013

ExF150Driver said:
I paid $34,300 for my 2012 RTL with Nav and just traded it in for $29,000. Resale value has been doing fine by me.

Wow, what are you driving now? Are you on your 6th Ridgeline or do you not own one anymore?

Parsec · Mar 29, 2013

spammer said:
This is exactly what I am seeing. I am in the Bay Area. I'm looking used in the sub $20k area and Ridgelines are a much better value. I'm sold on the Ridgeline because I need more of a family / Tahoe snow truck then I need a small truck.

If you drive a lot then I'd suggest a lower mileage Ridgeline for close to $20k. Otherwise if you're like me and drive so few miles that you only need 1 oil change per year, then you'll be fine with a high mileage Ridgeline for sub-$15k.

rollinhonda · Mar 29, 2013

Rickman said:
I have to admit, that looking into selling my fully loaded Ridgeline and getting a fully loaded CRV, the price difference is very minimal for a 2007. But the Ridgeline is a much more expensive vehicle to purchase new.

Very disappointed in that aspect, but not disappointed at all with it's reliability! :act064:

There are very few vehicles that can match a CRV, Civic, or Accord for resale value. For a truck, the RL does very well.

ExF150Driver · Mar 29, 2013

Parsec said:
Wow, what are you driving now? Are you on your 6th Ridgeline or do you not own one anymore?

I had planned to purchase Ridgeline #6 but I wanted a bit better mpg and a few bells and whistles. So this year I went with a 2013 Pilot Touring 4wd.

So far I'm happy with mu choice.

25 Year Honda Owner · Mar 29, 2013

rollinhonda said:
There are very few vehicles that can match a CRV, Civic, or Accord for resale value. For a truck, the RL does very well.

I have been sticking with the high end Honda's; RL, Accord, and CR-V. Trading often (ever 2/5 years) and always less than $3K per year OTD. Try and beat that leasing.

Resale Value

spammer

Rockwood

Sparkland

reinhold

speedlever

Nuke83

bluewater1

Parsec

Nuke83

DaveG55

Parsec

Rickman

spammer

spammer

ExF150Driver

Parsec

Parsec

rollinhonda

ExF150Driver

25 Year Honda Owner

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