Honda CR-V Depreciation

A Honda CR-V will depreciate 18% after 5 years and have a 5 year resale value of $32,907.

The Honda CR-V has proven to be a great vehicle, and holds its value well. In the small SUV segment, it is right at the top (although the Toyota models are there too) in terms of low depreciation. If you needed a ride in this segment, take a hard look at the CR-V, whether new or used.

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 $39,960 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 CR-V.

Honda CR-V Depreciation Calculator

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Honda CR-V Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,563 88.58% $35,397 12,000 2022
2 $5,195 87.00% $34,765 24,000 2023
3 $5,994 85.00% $33,966 36,000 2024
4 $6,793 83.00% $33,167 48,000 2025
5 $7,053 82.35% $32,907 60,000 2026
6 $9,347 76.61% $30,613 72,000 2027
7 $11,928 70.15% $28,032 84,000 2028
8 $15,532 61.13% $24,428 96,000 2029
9 $16,523 58.65% $23,437 108,000 2030
10 $17,758 55.56% $22,202 120,000 2031

Honda CR-V Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,563 88.58% $35,397
2 $5,195 87.00% $34,765
3 $5,994 85.00% $33,966
4 $6,793 83.00% $33,167
5 $7,053 82.35% $32,907
6 $9,347 76.61% $30,613
7 $11,928 70.15% $28,032
8 $15,532 61.13% $24,428
9 $16,523 58.65% $23,437
10 $17,758 55.56% $22,202

Buying a Honda CR-V New vs Used

If you purchase a used Honda CR-V that is 2 years old, then you could save $5,195 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 $1,858. 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 CR-V models become available.

What About Honda CR-V Insurance Costs?

The average cost to insure a Honda CR-V is about $1,409 per year. This adds up to around $7,045 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 CR-V. 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 CR-V

The 2021 Honda CR-V is our top pick for the best model year value for the CR-V. With the 2021, you would only pay, on average, 89% 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 CR-V, and provide a relatively good value. Our rankings consider multiple factors, including the CR-V'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 CR-V models.

Honda CR-V Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $39,960 $39,960 $263 $0 0% 100%
2021 $39,709 $35,478 $304 $4,482 11.22% 88.58% Best
2020 $34,730 $30,215 $369 $5,263 14.83% 87% Better
2019 $32,877 $27,945 $473 $2,270 7.51% 85% Better
2018 $31,208 $25,903 $560 $2,042 7.31% 83% Good
2017 $31,111 $26,316 $696 +$413 -1.59% 82.35% Good
2016 $28,192 $22,572 $973 $3,744 14.23% 76.61%
2015 $27,308 $20,239 $1,083 $2,333 10.34% 70.15%
2014 $27,049 $17,719 $1,185 $2,520 12.45% 61.13%
2013 $25,735 $16,431 $1,337 $1,288 7.27% 58.65%
2012 $25,444 $15,492 $1,356 $939 5.71% 55.56%
2011 $24,089 $13,115 $1,519 $2,377 15.34% 48.14%
2010 $24,752 $12,158 $1,755 $957 7.3% 42.03%
Year Price % Paid Value Rank
2022 $39,960 100%
2021 $35,478 88.58% Best
2020 $30,215 87% Better
2019 $27,945 85% Better
2018 $25,903 83% Good
2017 $26,316 82.35% Good
2016 $22,572 76.61%
2015 $20,239 70.15%
2014 $17,719 61.13%
2013 $16,431 58.65%
2012 $15,492 55.56%
2011 $13,115 48.14%
2010 $12,158 42.03%

Honda CR-V Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Honda CR-V 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 CR-V 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: