The 2016 Nissan Versa residual value should be on the mind of any driver considering driving one home, and you should make it a point to compare it to a competitor. One of the top competitors of the Versa Note is the 2016 Honda Fit, and we’ve done a bit of the legwork for you, bringing the Fit’s residual value right next to the Versa Note’s for comparison.
As one of the most economical cars in our new vehicle inventory, we think you’ll be impressed by how the Fit compares.
Comparing the Residual Values
We’ll get to what residual value is in just a minute; for now, just know that a higher number is better.
- The 2016 Honda Fit LX with CVT has a 36-month ALG residual value estimate of 58% and a 60-month residual value of 44%.
- The 2016 Nissan Versa Note residual value estimates come in at 37% at 36 months and drop to 28% at 60 months.
To get an idea of why these residual value estimates are so different, read our 2016 Nissan Versa Note review, where we focus on the S Plus trim.
Why Does Residual Value Matter?
Residual value is a measure of a vehicle’s depreciation—or in the case of estimates, the likelihood of depreciation—expressed as a percentage of its initial purchase price. So, if a vehicle lost half of its value from $20,000 to $10,000, it would have a residual value of 50%.
While we can’t know the future of the auto world, groups like ALG are able to estimate residual values based on features, fuel economy, brand reputation, and more. They estimate vehicles from all brands, making a comparison between the Versa Note and the Fit even more fitting.
Test Drive a Fit
The 2016 Honda Fit is one of our most popular models at Hampton Roads Honda Dealers, and we think that once you experience what it’s capable of, you’ll see it is one of the most capable, efficient, and technologically advanced cars on the road. With three different trim levels, there’s a version of the Fit that matches the needs of virtually any driver, and its affordable pricing makes it even easier to get behind the wheel.
Hampton Roads Honda Dealers includes Casey Honda, Checkered Flag Honda, First Team Honda, Hall Honda Elizabeth City, Hall Honda Virginia Beach, Priority Honda Chesapeake, Priority Honda Hampton, and Williamsburg Honda.