Honda CR-V Depreciation

A Honda CR-V will depreciate 38% after 5 years and have a 5 year resale value of $22,143.

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 $7,249 79.67% $28,408 12,000 2022
2 $8,301 76.72% $27,356 24,000 2023
3 $9,142 74.36% $26,515 36,000 2024
4 $10,975 69.22% $24,682 48,000 2025
5 $13,514 62.10% $22,143 60,000 2026
6 $15,129 57.57% $20,528 72,000 2027
7 $17,950 49.66% $17,707 84,000 2028
8 $18,905 46.98% $16,752 96,000 2029
9 $20,300 43.07% $15,357 108,000 2030
10 $22,393 37.20% $13,264 120,000 2031

Honda CR-V Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,249 79.67% $28,408
2 $8,301 76.72% $27,356
3 $9,142 74.36% $26,515
4 $10,975 69.22% $24,682
5 $13,514 62.10% $22,143
6 $15,129 57.57% $20,528
7 $17,950 49.66% $17,707
8 $18,905 46.98% $16,752
9 $20,300 43.07% $15,357
10 $22,393 37.20% $13,264

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 $8,301 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 $5,213. 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 $1,367 per year. This adds up to around $6,835 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, 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 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 $262 $0 0% 100%
2020 $34,730 $27,970 $300 $7,687 21.56% 79.67% Best
2019 $32,877 $25,596 $372 $2,374 8.49% 76.72% Better
2018 $31,208 $23,687 $481 $1,909 7.46% 74.36% Better
2017 $31,111 $22,088 $552 $1,599 6.75% 69.22% Good
2016 $28,192 $18,204 $698 $3,884 17.58% 62.1% Good
2015 $27,308 $16,684 $963 $1,520 8.35% 57.57%
2014 $27,049 $14,521 $1,088 $2,163 12.96% 49.66%
2013 $25,735 $13,263 $1,172 $1,258 8.66% 46.98%
2012 $25,444 $12,296 $1,338 $967 7.29% 43.07%
2011 $24,089 $10,335 $1,374 $1,961 15.95% 37.2%
2010 $24,752 $9,640 $1,573 $695 6.72% 32.59%
2009 $24,222 $8,669 $1,856 $971 10.07% 28.13%
Year Price % Paid Value Rank
2021 $35,657 100%
2020 $27,970 79.67% Best
2019 $25,596 76.72% Better
2018 $23,687 74.36% Better
2017 $22,088 69.22% Good
2016 $18,204 62.1% Good
2015 $16,684 57.57%
2014 $14,521 49.66%
2013 $13,263 46.98%
2012 $12,296 43.07%
2011 $10,335 37.2%
2010 $9,640 32.59%
2009 $8,669 28.13%

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: