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Acura and Honda Vehicles Rank Among Best for Maintaining Long Term Value
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Date: August 07, 2002 18:25
Submitted by:
Tuan
Source:
Honda Press Release
Credibility Rating:
N/A
Automotive Lease Guide Releases 2003 Residual Value
Torrance, Calif. 08/07/2002 -- The Automotive Lease Guide (ALG), a leading independent authority used by financial institutions to evaluate long-term residual values, ranks the Acura MDX, Honda CR-V and Honda Odyssey as having the highest residual values in their respective segments. The Odyssey has ranked first in its segment for four years in a row.
Residual value, a key factor in calculating the monthly lease payment for a vehicle, is the anticipated resale price a vehicle will likely achieve in the future. A high residual value equates to less depreciation over time. Complete information regarding the ALG Residual Value Awards is available at www.alg.com.
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