# Honda Accord Loan Calculator

Our Loan Calculator display shows you how your Honda Accord loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your Accord to ensure that your loan balance declines faster than the value of your vehicle.

With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly. We've also created a video that explains these scenarios and demonstrates the loan calculator.

### Honda Accord Loan Calculator

Vehicle Price
\$
Trade-In / Down Payment
\$
Interest Rate
%
Credit Score
Loan Period
Sales Tax Rate
%
Model Year
Expected Annual Mileage
tip: Update the price if you change the model year.      reset this form
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Projected Resale Value
Loan Balance Exceeds Resale Value
Loan Balance Near Resale Value
Loan Balance Below Resale Value

#### Honda Accord Projected Resale Value vs Loan Balance

Year Resale Value Loan Balance Difference
0 \$37,350 \$29,880 +\$7,470 (20%)
1 \$34,937 \$25,472 +\$9,465 (27%)
2 \$34,362 \$20,850 +\$13,512 (39%)
3 \$33,615 \$16,002 +\$17,613 (52%)
4 \$32,868 \$10,920 +\$21,948 (67%)
5 \$29,394 \$5,591 +\$23,803 (81%)
6 \$26,597 \$0 +\$26,597 (100%)

## Honda Accord Monthly Payment

 Loan Term 72 Months APR 4.75% Paid in Full Dec, 2029
\$477.76
 Total Principal \$29,880 Total Interest \$4,519 Total Cost of Loan \$34,399
\$477.76
 Loan Term 72 Months APR 4.75% Paid in Full Dec, 2029 Total Principal \$29,880 Total Interest \$4,519 Total Cost of Loan \$34,399

#### Honda Accord Loan Amortization

Month Interest Principal Balance
Jan, 2024 \$118.28 \$359.00 \$29,521.00
Feb, 2024 \$116.85 \$361.00 \$29,160.00
Mar, 2024 \$115.43 \$362.00 \$28,798.00
Apr, 2024 \$113.99 \$364.00 \$28,434.00
May, 2024 \$112.55 \$365.00 \$28,069.00
Jun, 2024 \$111.11 \$367.00 \$27,702.00

This Honda Accord is expected to lose \$10,753 of its resale value during the 72 months of this loan. Check out our Honda Accord Depreciation Calculator for a detailed analysis of the Accord's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the Accord has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best Accord model years to buy to get the best value.

### Other Honda Accord Costs of Ownership

Finding a car or truck that saves on financing 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:

### Used Honda Accords For Sale

#### 2018 Honda Accord Sport

Mileage: 52,303
Mileage: 52,303     Price: \$23,450
Location: Sterling, VA ~ 1 miles away
Dealer: Safford Brown Cdjr Of Sterling
Days on Market: 10
Colors (ext/int): Red / Black

#### 2014 Honda Accord EX

Mileage: 68,763
Mileage: 68,763     Price: \$15,937
Location: Sterling, VA ~ 1 miles away
Dealer: Safford Brown Cdjr Of Sterling
Days on Market: 32
Colors (ext/int): Silver / Black

#### 2018 Honda Accord EX-L

Mileage: 53,620
Mileage: 53,620     Price: \$21,991
Location: Sterling, VA ~ 1 miles away
Dealer: Autonation Honda Dulles
Days on Market: 131
Colors (ext/int): Radiant Red / Ivory