Honda Accord Depreciation

A Honda Accord will depreciate 47% after 5 years and have a 5 year resale value of $16,555.

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 13,500 miles per year, and assumes a purchase price of $31,515 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Honda Accord Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,937 81.16% $25,578 13,500 2021
2 $8,181 74.04% $23,334 27,000 2022
3 $10,810 65.70% $20,705 40,500 2023
4 $12,732 59.60% $18,783 54,000 2024
5 $14,960 52.53% $16,555 67,500 2025
6 $16,630 47.23% $14,885 81,000 2026
7 $17,601 44.15% $13,914 94,500 2027
8 $20,252 35.74% $11,263 108,000 2028
9 $21,080 33.11% $10,435 121,500 2029
10 $22,284 29.29% $9,231 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $5,937 81.16% $25,578
2 $8,181 74.04% $23,334
3 $10,810 65.70% $20,705
4 $12,732 59.60% $18,783
5 $14,960 52.53% $16,555
6 $16,630 47.23% $14,885
7 $17,601 44.15% $13,914
8 $20,252 35.74% $11,263
9 $21,080 33.11% $10,435
10 $22,284 29.29% $9,231

Honda Accord Depreciation Calculator

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If you purchase a used Honda Accord that is 2 years old, then you could save $8,181 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 $6,779. 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.

The Best Model Years to Buy a Honda Accord

The 2019 Honda Accord is our top pick for the best model year value for the Accord. With the 2019, you would only pay, on average, 81% of the price as new, with 92% of the vehicle's useful life remaining. The 2017 and 2018 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
2020 $31,515 $31,515 $203 $0 0% 100%
2019 $29,865 $24,468 $231 $7,047 22.36% 81.16% Best
2018 $28,418 $21,325 $283 $3,143 12.85% 74.04% Better
2017 $27,374 $18,348 $363 $2,977 13.96% 65.7% Better
2016 $27,231 $16,645 $416 $1,703 9.28% 59.6% Good
2015 $26,681 $14,538 $522 $2,107 12.66% 52.53% Good
2014 $26,537 $13,250 $717 $1,288 8.86% 47.23%
2013 $26,382 $12,457 $809 $793 5.98% 44.15%
2012 $25,617 $10,025 $870 $2,432 19.52% 35.74%
2011 $25,409 $9,404 $992 $621 6.19% 33.11%
2010 $24,956 $8,328 $1,018 $1,076 11.44% 29.29%
2009 $24,814 $7,665 $1,165 $663 7.96% 26.19%
2008 $24,247 $7,131 $1,372 $534 6.97% 23.75%
Year Price % Paid Value Rank
2020 $31,515 100%
2019 $24,468 81.16% Best
2018 $21,325 74.04% Better
2017 $18,348 65.7% Better
2016 $16,645 59.6% Good
2015 $14,538 52.53% Good
2014 $13,250 47.23%
2013 $12,457 44.15%
2012 $10,025 35.74%
2011 $9,404 33.11%
2010 $8,328 29.29%
2009 $7,665 26.19%
2008 $7,131 23.75%

Considering financing? Try our Honda Accord Loan Calculator, which will steer you away from unattractive loan structures that put you in a bad financial position relative to the value of your vehicle. Customize a loan structure that is right for you, or try some basic options, No Money Down, 10% Down and 20% Down. Important Note: CarEdge.com does NOT offer auto financing, or are we affiliated with any financing sources. We provide this information in the hope that you can make a more informed purchasing decision.

Honda Accord Review

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Our Favorite Honda Accord Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.