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Best Vehicles To Buy With Your Tax Refund

Date: January 22nd, 2021

Like millions of Americans during tax season, you’re probably excited to file your taxes and see how much extra cash Uncle Sam’s sending your way. About 5% of American families will spend their entire tax refund on a major purchase like a vehicle. But not every vehicle gets you a great return on investment, so it’s important to use your tax refund or stimulus on the best car—on the winning car.  

And, so the process goes. You research. You compare. You get quotes from car dealers near you. You research some more and track resale values of popular models, hoping to choose one that’ll provide you with more money back in five years. All that work lands you with an obvious choice: A Honda.  

As one of the most respected and confidence-inspiring auto brands, Honda frequently has several vehicles that make it onto KBB’s Best Resale Value Awards list. Here are some of the best Honda models to buy based on KBB’s estimated resale values: 

Honda Pilot

Families needn’t look for any other vehicle to buy with their tax refund. With a 60-month resale value of 44.3%, last year’s Honda Pilot sits atop KBB’s list of best buys in the 3-row SUV segment*. Reason number one: Pilot is incredibly comfortable, more so than just about every other SUV in its class. Front seats are supportive and cushiony. Second-row captain’s seats recline and slide without much effort thanks to Honda’s accessible one-touch system. Tri-zone climate is a win for all eight passengers.

Technology is another big reason why families should opt for the Honda Pilot. CabinTalk®, Honda’s patented in-vehicle PA system, is available in select Pilot trims and offers drivers the ability to communicate with those in the rear seats, almost as if they were literal pilots. Wireless phone charging and a Rear Entertainment System are gifts for parents everywhere, too.

Check with a Honda dealer near you for available special offers or more info about leasing the Honda Pilot.

Honda Civic

A staple of American roadways and driveways for decades, the polished and affordable Honda Civic is perfect for younger adults who expect greatness with every mile driven. Tax refunds spent on any other small sedan would be a waste, as buying the Civic earns you back an estimated 41.6% of its value after 5 years—second-most amongst the compact car class.

You’ll save money driving the Civic, too. The EX and EX-L Civic trims return up to 30 mpg in the city and 38 mpg on the highway—numbers that are near the top of the segment.

For a competitive price, you get an incredible array of tech with the Civic. Honda Sensing, the company’s first-rate advanced driver-assist and safety suite, is standard starting with the base Civic LX. This includes adaptive cruise control and lane-keep assist. Step up to Civic Sport or EX (and up) to receive standard Apple CarPlay and Android Auto integration, two front USB ports, a 7-inch touchscreen, and more.

If you plan on buying a small car that’s reliable, trust none other than the Honda Civic. Contact your Honda dealer to ask about any tax return deals on the newest Civic for sale near you.

Honda Ridgeline

For many homeowners and do-it-yourselfers, the Honda Ridgeline is the ideal midsize truck. Its dual-hinge tailgate makes loading and unloading a simple task. A 7.3-cubic-foot lockable in-bed trunk—an exclusive feature within the midsize pickup class—keeps tools safe, secure, and out of sight. Ridgeline is also the only midsize truck that can store 4’x8’ boards flat, which should be a perk to anyone looking to tackle a home renovation with their tax return.

Ridgeline’s unibody construction offers the most sedan-like driving experience in the entire segment, too. A four-wheel independent suspension with torque-vector AWD provides an impressive amount of stability on asphalt, gravel, or dirt. Compared to the rival Tacoma, Ridgeline’s step-up height is much more accommodating for the vertically challenged, and Ridgeline’s front seats are comfortable, even for long-distance travel.

Honda Ridgeline’s best asset may be its resale value; KBB estimates the Ridgeline to get up to 51.3% of its value back after 60 months, which is one of the highest numbers in the class.

For an affordable mix of SUV, sedan, and truck, the new Ridgelineis the pick. Call your Honda dealership to test drive the Ridgeline and start an auto financing application.

Honda Odyssey

No minivan has accrued more KBB Minivan Best Buy Awards over the last 10 years than the Honda Odyssey. It’s a people hauler, through and through, offering tons of safety, convenient features, and outstanding reliability ratings. Which are our favorite Odyssey features?

• The Magic Slide 2^nd-row seat is a godsend for parents of newborns or toddlers. Simply move the mid-row seats up or back, or side to side, for easier access.
• How can we forget the HondaVAC, the segment’s first-ever built-in vacuum? French fries, crumbs, and paper straw wrappers have met their match.
• Odyssey’s Rear Entertainment System is highlighted by a 10.2-inch display and a full array of video and streaming capabilities.
• CabinTalk, which is shared with its Pilot cousin, is yet another parent-friendly feature offered in the Odyssey.
• Wireless phone charging is available in select Odyssey models, and we strongly recommend opting for one if you’re an on-the-go driver.

Best of all, KBB estimates the Odyssey’s 5-year resale value at 39.4%, which is more than rivals like the Sienna and Sedona. If you’re looking to buy a new minivan with your tax return or stimulus, make it an Odyssey.

You can even pair your tax refund with a trade-in at our Honda dealership near Denver. Request your quote today by speaking with a member of our Kuni Honda team. Call us at 303-416-8484 or visit our Centennial car dealership at 10750 E Arapahoe Road to get started. We serve the entire Denver area, including Aurora, Littleton, and Parker, CO.

*Disclaimer: The 2019 Honda Pilot won the 2019 KBB Best Buy Award for the 3-Row SUV category. For more information, visit Kelley Blue Book’s KBB.com. Kelley Blue Book is a registered trademark of Kelley Blue Book Co., Inc.