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With the recent downturn or the economy and the need for cars unchanged a Japanese used car seems to be becoming more and more of a good investment. The value of vehicles matters to people; the fact that a new car will lose a lot of its value right when it’s driven off the lot is no secret. Because of this fact, many consumers have started turning their sights onto used cars instead. A Japanese car, such as a Honda, has many qualities that would qualify it as a real great purchase decision; one great benefit is better gas mileage.
But, the most important question asked when looking to buy a Japanese used car, such as a Honda, is its long-term value. This is a very valid question. JD Power & Associates conducted a study in 2002 of the vehicles that were ranked highest in their long-term values; of the five top brands, all were Japanese.
There are a number of great tools you can use to find out the value of a particular Japanese used car. There are a lot of great brands out of Japan too; Honda, Nissan, Mitsubishi, Toyota, etc. You can simply look in the classified ads of your local paper where people have their for sale. You can take a glance at the statistical data in the Kelly Blue Book; the Kelly Blue Book site has a great search tool to find the specific car you are inquiring about. If you want to find a Honda Accord, 4 door Sedan from 1999 you can just set those specific search parameters, add the information about its features, mileage and condition and get a price.
There are models of Japanese used cars that will increase in value, such as an antique or a classic, but there are some models that might decrease in value over other models; you could have a case where one model of Honda actually depreciates faster than another model of Honda. Dealers can only help so much; the real work in investigating the long-term value of a vehicle should be done by you. You also have to keep in mind that a dealer will be a bit biased in their opinions as they are looking to make a sale.
There are things that can radically affect the value of your Japanese used car; not only the age of your vehicle, but also how well it is maintained. You might have a great little Honda Accord that gives you good gas mileage and would typically depreciate at a lower rate than another model. But if you run it into the ground and don’t get it looked at by a mechanic from time to time only bad things can come of it. The little maintenance jobs such as oil changes and tune-ups aren’t as important as the major work that it may need. The long-term value is in keeping the mechanical issues at bay, and purchasing a Japanese used car that is one of the more durable vehicles, like a Honda Accord.
You’ll be glad to find that your Honda will maintain a higher long-term value overall as compared to domestic brands like Chevy and Ford. It is widely believed that the domestics are easier to take care of and find parts for and that they are easier to maintain because of that, but your wisest investment is in a Japanese used car as you can purchase it for relatively little money and it will depreciate in value at a much slower rate than an American made vehicle. Just keep in mind what your vehicle will be worth 5 or 10 years from now when you are looking at the purchase price.

This entry was posted on Tuesday, September 8th, 2009 at 3:50 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.