Utility
Neither the Honda Fit nor the Toyota Matrix has a marked advantage regarding seating capacity.
Performance
As far as horsepower, the Matrix packs quite a punch and will knock the Fit down a few rungs. On the flip side, bear in mind that high horsepower engines often command higher insurance premiums.
Dimensions
Your wallet will hurt more every time you fill up the Toyota Matrix than the Honda Fit because of its larger tank.
The Honda and the Toyota compete for the same parking spaces.
Convenience
The Toyota Matrix's fuel tank will need to be replenished somewhat more often than the unit in the Fit.
Cost
The destination charge is a standard charge for transporting the vehicle from its point of origin to the dealer. It costs approximately the same to get the Honda Fit to the dealership as the Toyota.
The Toyota Matrix will tax your gas budget considerably more than the Honda Fit will.
The Fit will save you money at the pump compared to the Toyota Matrix.
When it comes to MSRP, the Toyota costs substantially more than the Honda Fit.
The Honda Fit will save you a lots_of_money at the pump every year compared to the Toyota Matrix.
The Toyota Matrix will cost you a lots_of_money in gas every year compared to the Fit.
Handling
With their similar turning radii, the Fit and the Toyota Matrix definitely handle about the same into and out of tight spots.
Drivetrain
The Toyota Matrix's engine is considerably bigger than the Honda's. Note that more massive engines may use more gas than smaller ones.
Comfort
While the front cabin in the Toyota Matrix offers a bit more head room than the Honda Fit, there really isn't much of a difference.
The ampler interior dimensions of the Toyota Matrix make it substantially roomier for your passengers than the Honda Fit.
Warranty
The Toyota Matrix and the Fit have the same basic warranty.