Honda Odyssey Depreciation

A Honda Odyssey will depreciate 50% after 5 years and have a 5 year resale value of $19,192.

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 $38,631 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.

If you purchase a used Honda Odyssey that is 2 years old, then you could save $10,492 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 $8,947. 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.