Honda Fit Depreciation

A Honda Fit will depreciate 43% after 5 years and have a 5 year resale value of $11,871.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $20,977 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Honda Fit Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,521 78.45% $16,456 13,500 2021
2 $5,032 76.01% $15,945 27,000 2022
3 $5,783 72.43% $15,194 40,500 2023
4 $7,334 65.04% $13,643 54,000 2024
5 $9,106 56.59% $11,871 67,500 2025
6 $10,207 51.34% $10,770 81,000 2026
7 $11,781 43.84% $9,196 94,500 2027
8 $12,418 40.80% $8,559 108,000 2028
9 $13,289 36.65% $7,688 121,500 2029
10 $14,155 32.52% $6,822 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,521 78.45% $16,456
2 $5,032 76.01% $15,945
3 $5,783 72.43% $15,194
4 $7,334 65.04% $13,643
5 $9,106 56.59% $11,871
6 $10,207 51.34% $10,770
7 $11,781 43.84% $9,196
8 $12,418 40.80% $8,559
9 $13,289 36.65% $7,688
10 $14,155 32.52% $6,822

Honda Fit Depreciation Calculator

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If you purchase a used Honda Fit that is 2 years old, then you could save $5,032 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 $4,074. 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.

The Best Model Years to Buy a Honda Fit

The 2019 Honda Fit is our top pick for the best model year value for the Fit. With the 2019, you would only pay, on average, 78% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2017 model years are also attractive years for the Fit, and provide a relatively good value. Our rankings consider multiple factors, including the Fit'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 Fit models.

Honda Fit Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $20,977 $20,977 $135 $0 0% 100%
2019 $20,740 $16,432 $162 $4,545 21.67% 78.45% Best
2018 $20,528 $15,816 $213 $616 3.75% 76.01% Better
2017 $19,977 $14,760 $290 $1,056 6.68% 72.43% Better
2016 $19,670 $13,134 $341 $1,626 11.02% 65.04% Good
2015 $19,043 $11,220 $444 $1,914 14.57% 56.59% Good
2013 $17,373 $9,639 $720 $1,581 14.09% 51.34%
2012 $17,275 $8,353 $780 $1,286 13.34% 43.84%
2011 $16,865 $7,778 $897 $575 6.88% 40.8%
2010 $16,703 $7,045 $923 $733 9.42% 36.65%
2009 $16,556 $6,448 $1,064 $597 8.47% 32.52%
2008 $14,748 $5,478 $1,264 $970 15.04% 28.57%
Year Price % Paid Value Rank
2020 $20,977 100%
2019 $16,432 78.45% Best
2018 $15,816 76.01% Better
2017 $14,760 72.43% Better
2016 $13,134 65.04% Good
2015 $11,220 56.59% Good
2013 $9,639 51.34%
2012 $8,353 43.84%
2011 $7,778 40.8%
2010 $7,045 36.65%
2009 $6,448 32.52%
2008 $5,478 28.57%
Our Favorite Honda Fit Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.