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.

Honda Odyssey Depreciation Calculator

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Honda Odyssey Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $8,228 78.70% $30,403 12,000 2022
2 $10,492 72.84% $28,139 24,000 2023
3 $13,015 66.31% $25,616 36,000 2024
4 $16,152 58.19% $22,479 48,000 2025
5 $19,439 49.68% $19,192 60,000 2026
6 $22,410 41.99% $16,221 72,000 2027
7 $25,624 33.67% $13,007 84,000 2028
8 $27,532 28.73% $11,099 96,000 2029
9 $29,031 24.85% $9,600 108,000 2030
10 $29,904 22.59% $8,727 120,000 2031

Honda Odyssey Depreciation

Years Old Depreciation Residual Value Resale Value
1 $8,228 78.70% $30,403
2 $10,492 72.84% $28,139
3 $13,015 66.31% $25,616
4 $16,152 58.19% $22,479
5 $19,439 49.68% $19,192
6 $22,410 41.99% $16,221
7 $25,624 33.67% $13,007
8 $27,532 28.73% $11,099
9 $29,031 24.85% $9,600
10 $29,904 22.59% $8,727

Buying a Honda Odyssey New vs Used

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.

What About Honda Odyssey Insurance Costs?

The average cost to insure a Honda Odyssey is about $1,482 per year. This adds up to around $7,410 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

The Best Model Years to Buy a Honda Odyssey

The 2020 Honda Odyssey is our top pick for the best model year value for the Odyssey. With the 2020, you would only pay, on average, 79% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 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.

Honda Odyssey Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $38,631 $38,631 $265 $0 0% 100%
2020 $38,231 $30,394 $307 $8,237 21.32% 78.7% Best
2019 $37,432 $27,639 $374 $2,755 9.06% 72.84% Better
2018 $36,731 $24,839 $481 $2,800 10.13% 66.31% Better
2017 $35,792 $21,395 $569 $3,444 13.87% 58.19% Good
2016 $35,687 $18,437 $709 $2,958 13.83% 49.68% Good
2015 $35,209 $15,776 $993 $2,661 14.43% 41.99%
2014 $35,065 $12,912 $1,105 $2,864 18.15% 33.67%
2013 $34,790 $11,205 $1,210 $1,707 13.22% 28.73%
2012 $34,551 $9,953 $1,366 $1,252 11.17% 24.85%
2011 $34,113 $9,091 $1,386 $862 8.66% 22.59%
2010 $32,190 $6,250 $1,553 $2,841 31.25% 14.59%
2009 $32,143 $5,340 $1,794 $910 14.56% 11.03%
Year Price % Paid Value Rank
2021 $38,631 100%
2020 $30,394 78.7% Best
2019 $27,639 72.84% Better
2018 $24,839 66.31% Better
2017 $21,395 58.19% Good
2016 $18,437 49.68% Good
2015 $15,776 41.99%
2014 $12,912 33.67%
2013 $11,205 28.73%
2012 $9,953 24.85%
2011 $9,091 22.59%
2010 $6,250 14.59%
2009 $5,340 11.03%

Honda Odyssey Depreciation Rankings

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.

Depreciation Rankings

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: