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Honda Odyssey Depreciation
A Honda Odyssey will depreciate 49% after 5 years and have a 5 year resale value of $19,372.
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 13,500 miles per year, and assumes a purchase price of $38,231 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.
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Honda Odyssey Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $5,226 | 86.33% | $33,005 | 13,500 | 2021 |
| 2 | $7,489 | 80.41% | $30,742 | 27,000 | 2022 |
| 3 | $11,810 | 69.11% | $26,421 | 40,500 | 2023 |
| 4 | $15,529 | 59.38% | $22,702 | 54,000 | 2024 |
| 5 | $18,859 | 50.67% | $19,372 | 67,500 | 2025 |
| 6 | $21,631 | 43.42% | $16,600 | 81,000 | 2026 |
| 7 | $24,475 | 35.98% | $13,756 | 94,500 | 2027 |
| 8 | $26,093 | 31.75% | $12,138 | 108,000 | 2028 |
| 9 | $27,622 | 27.75% | $10,609 | 121,500 | 2029 |
| 10 | $29,965 | 21.62% | $8,266 | 135,000 | 2030 |
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $5,226 | 86.33% | $33,005 |
| 2 | $7,489 | 80.41% | $30,742 |
| 3 | $11,810 | 69.11% | $26,421 |
| 4 | $15,529 | 59.38% | $22,702 |
| 5 | $18,859 | 50.67% | $19,372 |
| 6 | $21,631 | 43.42% | $16,600 |
| 7 | $24,475 | 35.98% | $13,756 |
| 8 | $26,093 | 31.75% | $12,138 |
| 9 | $27,622 | 27.75% | $10,609 |
| 10 | $29,965 | 21.62% | $8,266 |
If you purchase a used Honda Odyssey that is 2 years old, then you could save $7,489 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 $11,370. 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.
The Best Model Years to Buy a Honda Odyssey
The 2015 Honda Odyssey is our top pick for the best model year value for the Odyssey. With the 2015, you would only pay, on average, 51% of the price as new, with 58% of the vehicle's useful life remaining. The 2016 and 2014 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 |
|---|---|---|---|---|---|---|---|
| 2020 | $38,231 | $38,231 | $198 | $0 | 0% | 100% | |
| 2019 | $37,432 | $32,553 | $238 | $5,678 | 14.85% | 86.33% | |
| 2018 | $36,731 | $29,847 | $313 | $2,706 | 8.31% | 80.41% | |
| 2017 | $35,792 | $25,161 | $426 | $4,686 | 15.7% | 69.11% | Good |
| 2016 | $35,687 | $21,693 | $501 | $3,468 | 13.78% | 59.38% | Better |
| 2015 | $35,209 | $18,493 | $653 | $3,200 | 14.75% | 50.67% | Best |
| 2014 | $35,065 | $16,154 | $929 | $2,339 | 12.65% | 43.42% | Better |
| 2013 | $34,790 | $13,577 | $1,060 | $2,577 | 15.95% | 35.98% | Good |
| 2012 | $34,551 | $12,116 | $1,146 | $1,461 | 10.76% | 31.75% | |
| 2011 | $34,113 | $10,787 | $1,319 | $1,329 | 10.97% | 27.75% | |
| 2010 | $32,190 | $8,317 | $1,357 | $2,470 | 22.9% | 21.62% | |
| 2009 | $32,143 | $7,315 | $1,565 | $1,002 | 12.05% | 17.89% | |
| 2008 | $31,672 | $6,507 | $1,859 | $808 | 11.05% | 14.68% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2020 | $38,231 | 100% | |
| 2019 | $32,553 | 86.33% | |
| 2018 | $29,847 | 80.41% | |
| 2017 | $25,161 | 69.11% | Good |
| 2016 | $21,693 | 59.38% | Better |
| 2015 | $18,493 | 50.67% | Best |
| 2014 | $16,154 | 43.42% | Better |
| 2013 | $13,577 | 35.98% | Good |
| 2012 | $12,116 | 31.75% | |
| 2011 | $10,787 | 27.75% | |
| 2010 | $8,317 | 21.62% | |
| 2009 | $7,315 | 17.89% | |
| 2008 | $6,507 | 14.68% |
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 maintenance costs. 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.
