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
| 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
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.