Honda Accord Depreciation

A Honda Accord will depreciate 42% after 5 years and have a 5 year resale value of $18,896.

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 $32,340 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 $6,474 79.98% $25,866 12,000 2022
2 $7,386 77.16% $24,954 24,000 2023
3 $8,881 72.54% $23,459 36,000 2024
4 $11,500 64.44% $20,840 48,000 2025
5 $13,444 58.43% $18,896 60,000 2026
6 $15,643 51.63% $16,697 72,000 2027
7 $17,182 46.87% $15,158 84,000 2028
8 $18,175 43.80% $14,165 96,000 2029
9 $20,879 35.44% $11,461 108,000 2030
10 $21,794 32.61% $10,546 120,000 2031

Honda Accord Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,474 79.98% $25,866
2 $7,386 77.16% $24,954
3 $8,881 72.54% $23,459
4 $11,500 64.44% $20,840
5 $13,444 58.43% $18,896
6 $15,643 51.63% $16,697
7 $17,182 46.87% $15,158
8 $18,175 43.80% $14,165
9 $20,879 35.44% $11,461
10 $21,794 32.61% $10,546

Buying a Honda Accord New vs Used

If you purchase a used Honda Accord that is 2 years old, then you could save $7,386 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 $6,058. 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 2020 Honda Accord is our top pick for the best model year value for the Accord. With the 2020, you would only pay, on average, 80% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 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
2021 $32,340 $32,340 $204 $0 0% 100%
2020 $31,515 $25,438 $232 $6,902 21.34% 79.98% Best
2019 $29,865 $23,330 $285 $2,108 8.29% 77.16% Better
2018 $28,418 $20,979 $365 $2,351 10.08% 72.54% Better
2017 $27,374 $18,058 $417 $2,921 13.92% 64.44% Good
2016 $27,231 $16,434 $524 $1,624 8.99% 58.43% Good
2015 $26,681 $14,494 $718 $1,940 11.8% 51.63%
2014 $26,537 $13,248 $811 $1,246 8.6% 46.87%
2013 $26,382 $12,428 $872 $820 6.19% 43.8%
2012 $25,617 $10,071 $993 $2,357 18.97% 35.44%
2011 $25,409 $9,305 $1,020 $766 7.61% 32.61%
2010 $24,956 $8,293 $1,166 $1,012 10.88% 28.56%
2009 $24,814 $7,675 $1,374 $618 7.45% 25.39%
Year Price % Paid Value Rank
2021 $32,340 100%
2020 $25,438 79.98% Best
2019 $23,330 77.16% Better
2018 $20,979 72.54% Better
2017 $18,058 64.44% Good
2016 $16,434 58.43% Good
2015 $14,494 51.63%
2014 $13,248 46.87%
2013 $12,428 43.8%
2012 $10,071 35.44%
2011 $9,305 32.61%
2010 $8,293 28.56%
2009 $7,675 25.39%

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: