Honda CR-V Depreciation

A Honda CR-V will depreciate 39% after 5 years and have a 5 year resale value of $21,876.

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 $35,657 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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Current Price
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Honda CR-V Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,784 78.17% $27,873 12,000 2022
2 $9,503 73.35% $26,154 24,000 2023
3 $9,859 72.35% $25,798 36,000 2024
4 $10,872 69.51% $24,785 48,000 2025
5 $13,781 61.35% $21,876 60,000 2026
6 $16,502 53.72% $19,155 72,000 2027
7 $19,651 44.89% $16,006 84,000 2028
8 $19,939 44.08% $15,718 96,000 2029
9 $22,107 38.00% $13,550 108,000 2030
10 $23,316 34.61% $12,341 120,000 2031

Honda CR-V Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,784 78.17% $27,873
2 $9,503 73.35% $26,154
3 $9,859 72.35% $25,798
4 $10,872 69.51% $24,785
5 $13,781 61.35% $21,876
6 $16,502 53.72% $19,155
7 $19,651 44.89% $16,006
8 $19,939 44.08% $15,718
9 $22,107 38.00% $13,550
10 $23,316 34.61% $12,341

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 $9,503 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 $4,278. 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 $1,381 per year. This adds up to around $6,905 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 2020 Honda CR-V is our top pick for the best model year value for the CR-V. With the 2020, you would only pay, on average, 78% 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 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
2021 $35,657 $35,657 $254 $0 0% 100% Good
2020 $34,730 $27,442 $295 $8,215 23.04% 78.17% Best
2019 $32,877 $24,474 $360 $2,968 10.82% 73.35% Better
2018 $31,208 $23,044 $465 $1,430 5.84% 72.35% Better
2017 $31,111 $22,175 $551 $869 3.77% 69.51% Good
2016 $28,192 $17,984 $688 $4,191 18.9% 61.35%
2015 $27,308 $15,634 $964 $2,350 13.07% 53.72%
2014 $27,049 $13,216 $1,074 $2,418 15.47% 44.89%
2013 $25,735 $12,519 $1,176 $697 5.27% 44.08%
2012 $25,444 $10,996 $1,328 $1,523 12.17% 38%
2011 $24,089 $9,684 $1,348 $1,312 11.93% 34.61%
2010 $24,752 $8,326 $1,510 $1,358 14.02% 27.54%
2009 $24,222 $8,026 $1,746 $300 3.6% 25.93%
Year Price % Paid Value Rank
2021 $35,657 100% Good
2020 $27,442 78.17% Best
2019 $24,474 73.35% Better
2018 $23,044 72.35% Better
2017 $22,175 69.51% Good
2016 $17,984 61.35%
2015 $15,634 53.72%
2014 $13,216 44.89%
2013 $12,519 44.08%
2012 $10,996 38%
2011 $9,684 34.61%
2010 $8,326 27.54%
2009 $8,026 25.93%

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: