Honda Fit Depreciation

A Honda Fit will depreciate 51% after 5 years and have a 5 year resale value of $10,272.

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 $20,977 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 Fit.

Honda Fit Depreciation Calculator

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Honda Fit Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,200 79.98% $16,777 12,000 2022
2 $6,711 68.01% $14,266 24,000 2023
3 $8,414 59.89% $12,563 36,000 2024
4 $9,998 52.34% $10,979 48,000 2025
5 $10,705 48.97% $10,272 60,000 2026
6 $12,351 41.12% $8,626 72,000 2027
7 $13,440 35.93% $7,537 84,000 2028
8 $14,380 31.45% $6,597 96,000 2029
9 $14,722 29.82% $6,255 108,000 2030
10 $16,106 23.22% $4,871 120,000 2031

Honda Fit Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,200 79.98% $16,777
2 $6,711 68.01% $14,266
3 $8,414 59.89% $12,563
4 $9,998 52.34% $10,979
5 $10,705 48.97% $10,272
6 $12,351 41.12% $8,626
7 $13,440 35.93% $7,537
8 $14,380 31.45% $6,597
9 $14,722 29.82% $6,255
10 $16,106 23.22% $4,871

Buying a Honda Fit New vs Used

If you purchase a used Honda Fit that is 2 years old, then you could save $6,711 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 $3,994. 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 Fit models become available.

Honda Fit Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings