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Honda Fit Depreciation

A Honda Fit will depreciate 28% after 5 years and have a 5 year resale value of $15,047.

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.

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Honda Fit Depreciation Calculator

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Honda Fit Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $344 98.36% $20,633 12,000 2022
2 $2,135 89.82% $18,842 24,000 2023
3 $2,777 86.76% $18,200 36,000 2024
4 $4,038 80.75% $16,939 48,000 2025
5 $5,930 71.73% $15,047 60,000 2026
6 $6,912 67.05% $14,065 72,000 2027
7 $8,305 60.41% $12,672 84,000 2028
8 $9,840 53.09% $11,137 96,000 2029
9 $11,177 46.72% $9,800 108,000 2030
10 $12,049 42.56% $8,928 120,000 2031

Honda Fit Depreciation

Years Old Depreciation Residual Value Resale Value
1 $344 98.36% $20,633
2 $2,135 89.82% $18,842
3 $2,777 86.76% $18,200
4 $4,038 80.75% $16,939
5 $5,930 71.73% $15,047
6 $6,912 67.05% $14,065
7 $8,305 60.41% $12,672
8 $9,840 53.09% $11,137
9 $11,177 46.72% $9,800
10 $12,049 42.56% $8,928

Buying a Honda Fit New vs Used

If you purchase a used Honda Fit that is 2 years old, then you could save $2,135 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 $3,795. 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

Used Honda Fits For Sale

2020 Honda Fit LX

2020 Honda Fit LX

Mileage: 16,805
Mileage: 16,805     Price: $18,990
Location: Chattanooga, TN ~ 0 miles away
Dealer: Prestige Cars
Days on Market: 49

$18,990


2017 Honda Fit EX

2017 Honda Fit EX

Mileage: 60,699
Mileage: 60,699     Price: $15,599
Location: Chattanooga, TN ~ 2 miles away
Dealer: University Motors Of Chattanooga
Days on Market: 511
Colors (ext/int): Crystal Black Pearl / Cloth

$15,599


2008 Honda Fit Sport

2008 Honda Fit Sport

Mileage: 240,301
Mileage: 240,301     Price: $3,995
Location: East Ridge, TN ~ 5 miles away
Dealer: Paniagua Automotive
Days on Market: 118
Colors (ext/int): Blue / Black

$3,995