Honda Insight Depreciation

A Honda Insight will depreciate 51% after 5 years and have a 5 year resale value of $13,114.

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 $26,726 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 Insight.

Honda Insight Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,928 77.82% $20,798 13,500 2021
2 $7,956 70.23% $18,770 27,000 2022
3 $9,744 63.54% $16,982 40,500 2023
4 $11,832 55.73% $14,894 54,000 2024
5 $13,612 49.07% $13,114 67,500 2025
6 $15,204 43.11% $11,522 81,000 2026
7 $16,065 39.89% $10,661 94,500 2027
8 $17,278 35.35% $9,448 108,000 2028
9 $18,257 31.69% $8,469 121,500 2029
10 $19,368 27.53% $7,358 135,000 2030

Honda Insight Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,928 77.82% $20,798
2 $7,956 70.23% $18,770
3 $9,744 63.54% $16,982
4 $11,832 55.73% $14,894
5 $13,612 49.07% $13,114
6 $15,204 43.11% $11,522
7 $16,065 39.89% $10,661
8 $17,278 35.35% $9,448
9 $18,257 31.69% $8,469
10 $19,368 27.53% $7,358

Honda Insight Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Honda Insight that is 2 years old, then you could save $7,956 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 $5,656. 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 Insight models become available.

Considering financing? Try our Honda Insight Loan Calculator, which will steer you away from unattractive loan structures that put you in a bad financial position relative to the value of your vehicle. Customize a loan that is right for you, or try some basic options, No Money Down, 10% Down and 20% Down.

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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 . 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.