Honda Accord Depreciation

A Honda Accord will depreciate 35% after 5 years and have a 5 year resale value of $24,000.

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 $38,136 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.

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Honda Accord Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles
This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own adviser regarding your particular circumstances.

Honda Accord Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,716 87.63% $33,420 15,000 2025
2 $10,946 71.30% $27,190 30,000 2026
3 $12,130 68.19% $26,006 45,000 2027
4 $12,657 66.81% $25,479 60,000 2028
5 $14,136 62.93% $24,000 75,000 2029
6 $15,691 58.85% $22,445 90,000 2030
7 $19,141 49.81% $18,995 105,000 2031
8 $20,194 47.05% $17,942 120,000 2032
9 $21,930 42.50% $16,206 135,000 2033
10 $22,966 39.78% $15,170 150,000 2034

Honda Accord Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,716 87.63% $33,420
2 $10,946 71.30% $27,190
3 $12,130 68.19% $26,006
4 $12,657 66.81% $25,479
5 $14,136 62.93% $24,000
6 $15,691 58.85% $22,445
7 $19,141 49.81% $18,995
8 $20,194 47.05% $17,942
9 $21,930 42.50% $16,206
10 $22,966 39.78% $15,170

Buying a Honda Accord New vs Used

Considering buying a new Honda Accord? If you plan to keep this vehicle for 5 years then your total cost of depreciation would be $14,136. 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 $2,165 per year. This adds up to around $10,825 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 2022 Honda Accord is our top pick for the best model year value for the Accord. With the 2022, you would only pay, on average, 73% of the price as new, with 83% of the vehicle's useful life remaining. The 2021 and 2023 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
2024 $33,117 $33,117 $239 $0 0% 100% Good
2023 $31,931 $28,243 $277 $4,874 14.72% 88.45% Better
2022 $37,350 $27,336 $339 $907 3.21% 73.19% Best
2021 $36,122 $25,389 $437 $1,947 7.12% 70.29% Better
2020 $33,822 $23,338 $519 $2,051 8.08% 69% Good
2019 $33,397 $21,836 $647 $1,502 6.44% 65.38%
2018 $33,257 $20,477 $746 $1,359 6.22% 61.57%
2017 $32,435 $17,231 $784 $3,246 15.85% 53.12%
2016 $32,201 $16,275 $810 $956 5.55% 50.54%
2015 $31,240 $14,462 $845 $1,813 11.14% 46.29%
2014 $31,099 $13,607 $895 $855 5.91% 43.75%
2013 $31,047 $12,460 $974 $1,147 8.43% 40.13%
2012 $29,764 $10,360 $1,051 $2,100 16.85% 34.81%
Year Price % Paid Value Rank
2024 $33,117 100% Good
2023 $28,243 88.45% Better
2022 $27,336 73.19% Best
2021 $25,389 70.29% Better
2020 $23,338 69% Good
2019 $21,836 65.38%
2018 $20,477 61.57%
2017 $17,231 53.12%
2016 $16,275 50.54%
2015 $14,462 46.29%
2014 $13,607 43.75%
2013 $12,460 40.13%
2012 $10,360 34.81%

Honda Accord 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.

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:

Honda Accords For Sale

2024 Honda Accord Hybrid EX-L

Mileage: 19,611
Mileage: 19,611     Price: $30,990
Location: Sterling, VA ~ 3 miles away
Dealer: Autonation Honda Dulles
Days on Market: 26
Colors (ext/int): Meteorite Gray / Black
Honda Certified Pre-Owned Accord

$30,990


2023 Honda Accord Hybrid Sport

Mileage: 22,436
Mileage: 22,436     Price: $27,500
Location: Sterling, VA ~ 3 miles away
Dealer: Autonation Honda Dulles
Days on Market: 19
Colors (ext/int): Platinum White Pearl / Black
Low Depreciation Risk

$27,500


2021 Honda Accord Sport

Mileage: 38,302
Mileage: 38,302     Price: $23,994
Location: Sterling, VA ~ 3 miles away
Dealer: Autonation Honda Dulles
Days on Market: 182
Colors (ext/int): Platinum White Pearl / Black
Honda Certified Pre-Owned Accord
Low Depreciation Risk

$23,994


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