Honda Accord Depreciation

A Honda Accord will depreciate 21% after 5 years and have a 5 year resale value of $29,394.

The Honda Accord has been a bellwether car for decades, and is a model known for holding its value. New Accord prices have risen significantly over the years, so it depreciates faster than it used to. However, if you are looking for a great used car that won't give you problems down the road, the Accord is a great pick.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $37,350 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Honda Accord.

Honda Accord Depreciation Calculator

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Honda Accord Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,413 93.54% $34,937 12,000 2022
2 $2,988 92.00% $34,362 24,000 2023
3 $3,735 90.00% $33,615 36,000 2024
4 $4,482 88.00% $32,868 48,000 2025
5 $7,956 78.70% $29,394 60,000 2026
6 $10,753 71.21% $26,597 72,000 2027
7 $13,170 64.74% $24,180 84,000 2028
8 $15,078 59.63% $22,272 96,000 2029
9 $16,886 54.79% $20,464 108,000 2030
10 $19,411 48.03% $17,939 120,000 2031

Honda Accord Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,413 93.54% $34,937
2 $2,988 92.00% $34,362
3 $3,735 90.00% $33,615
4 $4,482 88.00% $32,868
5 $7,956 78.70% $29,394
6 $10,753 71.21% $26,597
7 $13,170 64.74% $24,180
8 $15,078 59.63% $22,272
9 $16,886 54.79% $20,464
10 $19,411 48.03% $17,939

Buying a Honda Accord New vs Used

If you purchase a used Honda Accord that is 2 years old, then you could save $2,988 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $4,968. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Accord models become available.

What About Honda Accord Insurance Costs?

The average cost to insure a Honda Accord is about $1,638 per year. This adds up to around $8,190 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Honda Accord. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Honda Accord

The 2021 Honda Accord is our top pick for the best model year value for the Accord. With the 2021, you would only pay, on average, 94% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the Accord, and provide a relatively good value. Our rankings consider multiple factors, including the Accord's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Honda Accord models.

Honda Accord Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $37,350 $37,350 $210 $0 0% 100%
2021 $36,122 $34,027 $240 $3,323 8.9% 93.54% Best
2020 $31,515 $28,994 $289 $5,033 14.79% 92% Better
2019 $29,865 $26,879 $366 $2,115 7.29% 90% Better
2018 $28,418 $25,008 $430 $1,871 6.96% 88%
2017 $27,374 $22,073 $530 $2,935 11.74% 78.7% Good
2016 $27,231 $20,126 $735 $1,947 8.82% 71.21% Good
2015 $26,681 $18,089 $816 $2,037 10.12% 64.74%
2014 $26,537 $16,717 $892 $1,372 7.58% 59.63%
2013 $26,382 $15,459 $1,004 $1,258 7.53% 54.79%
2012 $25,617 $13,323 $1,019 $2,136 13.82% 48.03%
2011 $25,409 $11,994 $1,139 $1,329 9.98% 42.72%
2010 $24,956 $10,686 $1,313 $1,308 10.91% 37.56%
Year Price % Paid Value Rank
2022 $37,350 100%
2021 $34,027 93.54% Best
2020 $28,994 92% Better
2019 $26,879 90% Better
2018 $25,008 88%
2017 $22,073 78.7% Good
2016 $20,126 71.21% Good
2015 $18,089 64.74%
2014 $16,717 59.63%
2013 $15,459 54.79%
2012 $13,323 48.03%
2011 $11,994 42.72%
2010 $10,686 37.56%

Honda Accord Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Honda Accord ranks for Depreciation compared to other vehicles. Also check out how the Accord stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Honda Accord Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Honda Accord costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: