Honda Odyssey Depreciation
A Honda Odyssey will depreciate 27% after 5 years and have a 5 year resale value of $33,185.
The Honda Odyssey is a well-built vehicle, but it doesn't hold its value like some of the other Honda models. Overall, it ranks in the middle of the pack with respect to depreciation in the short-term, but its value continues to fall throughout its useful life. Odysseys are generally used by families with lots of kids and plenty of animals, so by the time its 6 or 7 years old, it has seen a lot of wear and tear. Buy it because you like it and/or need it, and plan to drive it until it stops.
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 $45,684 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 Odyssey.
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Honda Odyssey Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $3,084 | 93.25% | $42,600 | 12,000 | 2022 |
| 2 | $4,112 | 91.00% | $41,572 | 24,000 | 2023 |
| 3 | $5,025 | 89.00% | $40,659 | 36,000 | 2024 |
| 4 | $7,483 | 83.62% | $38,201 | 48,000 | 2025 |
| 5 | $12,499 | 72.64% | $33,185 | 60,000 | 2026 |
| 6 | $16,204 | 64.53% | $29,480 | 72,000 | 2027 |
| 7 | $19,758 | 56.75% | $25,926 | 84,000 | 2028 |
| 8 | $23,016 | 49.62% | $22,668 | 96,000 | 2029 |
| 9 | $26,323 | 42.38% | $19,361 | 108,000 | 2030 |
| 10 | $28,699 | 37.18% | $16,985 | 120,000 | 2031 |
Honda Odyssey Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $3,084 | 93.25% | $42,600 |
| 2 | $4,112 | 91.00% | $41,572 |
| 3 | $5,025 | 89.00% | $40,659 |
| 4 | $7,483 | 83.62% | $38,201 |
| 5 | $12,499 | 72.64% | $33,185 |
| 6 | $16,204 | 64.53% | $29,480 |
| 7 | $19,758 | 56.75% | $25,926 |
| 8 | $23,016 | 49.62% | $22,668 |
| 9 | $26,323 | 42.38% | $19,361 |
| 10 | $28,699 | 37.18% | $16,985 |
Buying a Honda Odyssey New vs Used
If you purchase a used Honda Odyssey that is 2 years old, then you could save $4,112 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 $8,387. 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 Odyssey models become available.
What About Honda Odyssey Insurance Costs?
The average cost to insure a Honda Odyssey is about $1,635 per year. This adds up to around $8,175 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 Odyssey. 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
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The Best Model Years to Buy a Honda Odyssey
The 2021 Honda Odyssey is our top pick for the best model year value for the Odyssey. With the 2021, you would only pay, on average, 93% of the price as new, with 92% of the vehicle's useful life remaining. The 2017 and 2016 model years are also attractive years for the Odyssey, and provide a relatively good value. Our rankings consider multiple factors, including the Odyssey'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 Odyssey models.
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Honda Odyssey Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2022 | $45,684 | $45,684 | $279 | $0 | 0% | 100% | |
| 2021 | $45,579 | $42,825 | $321 | $2,859 | 6.26% | 93.25% | Best |
| 2020 | $38,231 | $34,790 | $388 | $8,035 | 18.76% | 91% | Good |
| 2019 | $37,432 | $33,314 | $495 | $1,476 | 4.24% | 89% | |
| 2018 | $36,731 | $31,299 | $583 | $2,015 | 6.05% | 83.62% | |
| 2017 | $35,792 | $26,722 | $723 | $4,577 | 14.62% | 72.64% | Better |
| 2016 | $35,687 | $24,037 | $1,007 | $2,685 | 10.05% | 64.53% | Better |
| 2015 | $35,209 | $21,100 | $1,119 | $2,937 | 12.22% | 56.75% | Good |
| 2014 | $35,065 | $18,624 | $1,224 | $2,476 | 11.73% | 49.62% | |
| 2013 | $34,790 | $16,124 | $1,380 | $2,500 | 13.42% | 42.38% | |
| 2012 | $34,551 | $14,246 | $1,400 | $1,878 | 11.65% | 37.18% | |
| 2011 | $34,113 | $12,598 | $1,567 | $1,648 | 11.57% | 32.34% | |
| 2010 | $32,190 | $9,807 | $1,808 | $2,791 | 22.15% | 24.85% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2022 | $45,684 | 100% | |
| 2021 | $42,825 | 93.25% | Best |
| 2020 | $34,790 | 91% | Good |
| 2019 | $33,314 | 89% | |
| 2018 | $31,299 | 83.62% | |
| 2017 | $26,722 | 72.64% | Better |
| 2016 | $24,037 | 64.53% | Better |
| 2015 | $21,100 | 56.75% | Good |
| 2014 | $18,624 | 49.62% | |
| 2013 | $16,124 | 42.38% | |
| 2012 | $14,246 | 37.18% | |
| 2011 | $12,598 | 32.34% | |
| 2010 | $9,807 | 24.85% |
Honda Odyssey Depreciation Rankings
We've ranked over 200 models from best to worst for Depreciation. See where the Honda Odyssey ranks for Depreciation compared to other vehicles. Also check out how the Odyssey stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Honda Odyssey 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 Odyssey 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:
