Honda HR-V Depreciation

A Honda HR-V will depreciate 22% after 5 years and have a 5 year resale value of $23,445.

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 $30,058 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 HR-V.

Honda HR-V Depreciation Calculator

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Honda HR-V Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,241 85.89% $25,817 12,000 2022
2 $4,809 84.00% $25,249 24,000 2023
3 $5,410 82.00% $24,648 36,000 2024
4 $6,012 80.00% $24,046 48,000 2025
5 $6,613 78.00% $23,445 60,000 2026
6 $6,703 77.70% $23,355 72,000 2027
7 $10,854 63.89% $19,204 84,000 2028
8 $13,108 56.39% $16,950 96,000 2029
9 $14,341 52.29% $15,717 108,000 2030
10 $15,639 47.97% $14,419 120,000 2031

Honda HR-V Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,241 85.89% $25,817
2 $4,809 84.00% $25,249
3 $5,410 82.00% $24,648
4 $6,012 80.00% $24,046
5 $6,613 78.00% $23,445
6 $6,703 77.70% $23,355
7 $10,854 63.89% $19,204
8 $13,108 56.39% $16,950
9 $14,341 52.29% $15,717
10 $15,639 47.97% $14,419

Buying a Honda HR-V New vs Used

If you purchase a used Honda HR-V that is 2 years old, then you could save $4,809 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 $1,804. 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 HR-V models become available.

What About Honda HR-V Insurance Costs?

The average cost to insure a Honda HR-V is about $1,449 per year. This adds up to around $7,245 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Honda HR-V. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Honda HR-V

The 2021 Honda HR-V is our top pick for the best model year value for the HR-V. With the 2021, you would only pay, on average, 86% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the HR-V, and provide a relatively good value. Our rankings consider multiple factors, including the HR-V'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 HR-V models.

Honda HR-V Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $30,058 $30,058 $243 $0 0% 100%
2021 $29,810 $25,889 $284 $4,169 13.87% 85.89% Best
2020 $26,602 $22,346 $349 $3,543 13.69% 84% Better
2019 $26,810 $21,984 $453 $362 1.62% 82% Better
2018 $24,785 $19,828 $540 $2,156 9.81% 80% Good
2017 $24,772 $19,322 $676 $506 2.55% 78% Good
2016 $24,130 $19,703 $953 +$381 -1.97% 77.7%
Year Price % Paid Value Rank
2022 $30,058 100%
2021 $25,889 85.89% Best
2020 $22,346 84% Better
2019 $21,984 82% Better
2018 $19,828 80% Good
2017 $19,322 78% Good
2016 $19,703 77.7%

Honda HR-V Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Honda HR-V 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 HR-V 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: