Honda Fit Depreciation

A Honda Fit will depreciate 44% after 5 years and have a 5 year resale value of $11,825.

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. 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,565 78.24% $16,412 13,500 2021
2 $5,076 75.80% $15,901 27,000 2022
3 $5,827 72.22% $15,150 40,500 2023
4 $7,380 64.82% $13,597 54,000 2024
5 $9,152 56.37% $11,825 67,500 2025
6 $10,258 51.10% $10,719 81,000 2026
7 $11,833 43.59% $9,144 94,500 2027
8 $12,471 40.55% $8,506 108,000 2028
9 $13,341 36.40% $7,636 121,500 2029
10 $14,208 32.27% $6,769 135,000 2030

Honda Fit Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,565 78.24% $16,412
2 $5,076 75.80% $15,901
3 $5,827 72.22% $15,150
4 $7,380 64.82% $13,597
5 $9,152 56.37% $11,825
6 $10,258 51.10% $10,719
7 $11,833 43.59% $9,144
8 $12,471 40.55% $8,506
9 $13,341 36.40% $7,636
10 $14,208 32.27% $6,769

Honda Fit Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Honda Fit that is 2 years old, then you could save $5,076 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 $4,076. 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 $177 $0 0% 100%
2019 $20,740 $16,432 $204 $4,545 21.67% 78.24% Best
2018 $20,528 $15,816 $255 $616 3.75% 75.8% Better
2017 $19,977 $14,760 $332 $1,056 6.68% 72.22% Better
2016 $19,670 $13,134 $383 $1,626 11.02% 64.82% Good
2015 $19,043 $11,220 $486 $1,914 14.57% 56.37% Good
2013 $17,373 $9,639 $762 $1,581 14.09% 51.1%
2012 $17,275 $8,353 $822 $1,286 13.34% 43.59%
2011 $16,865 $7,778 $939 $575 6.88% 40.55%
2010 $16,703 $7,045 $965 $733 9.42% 36.4%
2009 $16,556 $6,448 $1,106 $597 8.47% 32.27%
2008 $14,748 $5,478 $1,306 $970 15.04% 28.29%
Year Price % Paid Value Rank
2020 $20,977 100%
2019 $16,432 78.24% Best
2018 $15,816 75.8% Better
2017 $14,760 72.22% Better
2016 $13,134 64.82% Good
2015 $11,220 56.37% Good
2013 $9,639 51.1%
2012 $8,353 43.59%
2011 $7,778 40.55%
2010 $7,045 36.4%
2009 $6,448 32.27%
2008 $5,478 28.29%

Other Honda Fit 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 Fit 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: