Used 2016 Honda Fit for Sale nearOakville, ON

How much does the 2016 Honda Fit cost?

Prices have softened 5.08% compared to this time last year, making it a favourable time to shop this model year.

There are 71 listings available, which gives you a reasonable amount of inventory to compare.

Is the 2016 Honda Fit a good car?

Yes — the 2016 Honda Fit earns a 4.6/5 user rating, which points to strong owner satisfaction. Owners consistently praise its excellent build quality, spacious interior, fun driving experience, and value for money, while reliability is also a recurring positive theme. With 33.8% of listings marked as good or great deals, you still have room to shop carefully.

Is the 2016 Honda Fit reliable?

Owners rate it 4.6/5, a strong signal of long-term satisfaction.

The owner feedback also highlights reliability, along with a dependable feel and confidence in everyday use. For used buyers, that suggests lower long-term ownership risk than you might expect from a small car with this level of demand.

Is now a good time to buy a used 2016 Honda Fit?

This is a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 33.8% of listings are priced as good or great deals.
• Inventory: There are 71 listings available.
• Price trend: Prices have softened 5.08% compared with last year.

If you find a listing below $13,145 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Honda Fit's resale value?

The current average of $14,128 CAD sits slightly below last year's $14,885 CAD.

That softer pricing can work in your favour if you're buying now, but it also means future resale upside may be more limited unless market conditions improve. If you plan to sell later, the current trend suggests you should expect a more measured return rather than a sharp appreciation. Strong owner satisfaction can still help support demand when it's time to list.

Vehicles with strong owner satisfaction ratings, like this model year's 4.6/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Honda Fit or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 33.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.08% compared with last year.
• Owners rate it 4.6/5 — a strong satisfaction signal.

The bottom line: The 2016 Honda Fit makes sense if you want a well-liked used hatchback with solid owner satisfaction and a market that still offers some deal potential. If you're price-sensitive, you may also want to compare nearby model years to see whether a lower-priced alternative gives you similar value with less upfront cost.

How does the 2016 Honda Fit compare to the 2016 Toyota Yaris?

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.