Honda CR-V Depreciation
A Honda CR-V will depreciate 42% after 5 years and have a 5 year resale value of $22,354.
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 $38,461 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.
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Honda CR-V Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $4,158 | 89.19% | $34,303 | 12,000 | 2025 |
| 2 | $7,850 | 79.59% | $30,611 | 24,000 | 2026 |
| 3 | $12,338 | 67.92% | $26,123 | 36,000 | 2027 |
| 4 | $14,296 | 62.83% | $24,165 | 48,000 | 2028 |
| 5 | $16,107 | 58.12% | $22,354 | 60,000 | 2029 |
| 6 | $17,784 | 53.76% | $20,677 | 72,000 | 2030 |
| 7 | $19,334 | 49.73% | $19,127 | 84,000 | 2031 |
| 8 | $20,769 | 46.00% | $17,692 | 96,000 | 2032 |
| 9 | $22,096 | 42.55% | $16,365 | 108,000 | 2033 |
| 10 | $23,323 | 39.36% | $15,138 | 120,000 | 2034 |
Honda CR-V Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $4,158 | 89.19% | $34,303 |
| 2 | $7,850 | 79.59% | $30,611 |
| 3 | $12,338 | 67.92% | $26,123 |
| 4 | $14,296 | 62.83% | $24,165 |
| 5 | $16,107 | 58.12% | $22,354 |
| 6 | $17,784 | 53.76% | $20,677 |
| 7 | $19,334 | 49.73% | $19,127 |
| 8 | $20,769 | 46.00% | $17,692 |
| 9 | $22,096 | 42.55% | $16,365 |
| 10 | $23,323 | 39.36% | $15,138 |
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 $7,850 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 $8,257. 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 $1,881 per year. This adds up to around $9,405 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, 68% of the price as new, with 75% of the vehicle's useful life remaining. The 2022 and 2023 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.
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Honda CR-V Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2024 | $38,461 | $38,461 | $296 | $0 | 0% | 100% | |
| 2023 | $36,566 | $32,614 | $349 | $5,847 | 15.2% | 89.19% | Better |
| 2022 | $36,479 | $29,032 | $432 | $3,582 | 10.98% | 79.59% | Better |
| 2021 | $39,709 | $26,970 | $565 | $2,062 | 7.1% | 67.92% | Best |
| 2020 | $32,429 | $25,004 | $675 | $1,966 | 7.29% | 77.1% | Good |
| 2019 | $31,864 | $23,027 | $848 | $1,977 | 7.91% | 72.27% | Good |
| 2018 | $31,768 | $21,396 | $983 | $1,631 | 7.08% | 67.35% | |
| 2017 | $31,439 | $19,453 | $1,034 | $1,943 | 9.08% | 61.88% | |
| 2016 | $31,160 | $17,277 | $1,069 | $2,176 | 11.19% | 55.45% | |
| 2015 | $30,603 | $15,650 | $1,116 | $1,627 | 9.42% | 51.14% | |
| 2014 | $28,519 | $13,870 | $1,184 | $1,780 | 11.37% | 48.63% | |
| 2013 | $28,214 | $12,907 | $1,290 | $963 | 6.94% | 45.75% | |
| 2012 | $27,933 | $12,047 | $1,394 | $860 | 6.66% | 43.13% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2024 | $38,461 | 100% | |
| 2023 | $32,614 | 89.19% | Better |
| 2022 | $29,032 | 79.59% | Better |
| 2021 | $26,970 | 67.92% | Best |
| 2020 | $25,004 | 77.1% | Good |
| 2019 | $23,027 | 72.27% | Good |
| 2018 | $21,396 | 67.35% | |
| 2017 | $19,453 | 61.88% | |
| 2016 | $17,277 | 55.45% | |
| 2015 | $15,650 | 51.14% | |
| 2014 | $13,870 | 48.63% | |
| 2013 | $12,907 | 45.75% | |
| 2012 | $12,047 | 43.13% |
Honda CR-V 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.
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:
