Honda Ridgeline Depreciation

A Honda Ridgeline will depreciate 54% after 5 years and have a 5 year resale value of $19,479.

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 $42,300 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 Ridgeline.

Honda Ridgeline Depreciation Calculator

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Honda Ridgeline Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $8,557 79.77% $33,743 12,000 2022
2 $12,419 70.64% $29,881 24,000 2023
3 $14,708 65.23% $27,592 36,000 2024
4 $16,954 59.92% $25,346 48,000 2025
5 $22,821 46.05% $19,479 60,000 2026
6 $25,604 39.47% $16,696 72,000 2027
7 $28,206 33.32% $14,094 84,000 2028
8 $28,866 31.76% $13,434 96,000 2029
9 $30,443 28.03% $11,857 108,000 2030
10 $32,237 23.79% $10,063 120,000 2031

Honda Ridgeline Depreciation

Years Old Depreciation Residual Value Resale Value
1 $8,557 79.77% $33,743
2 $12,419 70.64% $29,881
3 $14,708 65.23% $27,592
4 $16,954 59.92% $25,346
5 $22,821 46.05% $19,479
6 $25,604 39.47% $16,696
7 $28,206 33.32% $14,094
8 $28,866 31.76% $13,434
9 $30,443 28.03% $11,857
10 $32,237 23.79% $10,063

Buying a Honda Ridgeline New vs Used

If you purchase a used Honda Ridgeline that is 2 years old, then you could save $12,419 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 $10,402. 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 Ridgeline models become available.

The Best Model Years to Buy a Honda Ridgeline

The 2019 Honda Ridgeline is our top pick for the best model year value for the Ridgeline. With the 2019, you would only pay, on average, 71% of the price as new, with 83% of the vehicle's useful life remaining. The 2020 and 2018 model years are also attractive years for the Ridgeline, and provide a relatively good value. Our rankings consider multiple factors, including the Ridgeline'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 Ridgeline models.

Honda Ridgeline Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $42,300 $42,300 $307 $0 0% 100%
2020 $42,178 $33,995 $351 $8,305 19.63% 79.77% Better
2019 $41,934 $30,057 $435 $3,938 11.58% 70.64% Best
2018 $41,714 $27,773 $562 $2,284 7.6% 65.23% Better
2017 $41,463 $25,490 $646 $2,283 8.22% 59.92% Good
2014 $38,856 $19,165 $1,271 $6,325 24.81% 46.05% Good
2013 $38,731 $16,655 $1,369 $2,510 13.1% 39.47%
2012 $38,631 $14,432 $1,562 $2,223 13.35% 33.32%
2011 $37,431 $13,493 $1,605 $939 6.51% 31.76%
2010 $35,998 $11,926 $1,837 $1,567 11.61% 28.03%
2009 $35,748 $10,672 $2,167 $1,254 10.51% 23.79%
Year Price % Paid Value Rank
2021 $42,300 100%
2020 $33,995 79.77% Better
2019 $30,057 70.64% Best
2018 $27,773 65.23% Better
2017 $25,490 59.92% Good
2014 $19,165 46.05% Good
2013 $16,655 39.47%
2012 $14,432 33.32%
2011 $13,493 31.76%
2010 $11,926 28.03%
2009 $10,672 23.79%

Honda Ridgeline Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Honda Ridgeline ranks for Depreciation compared to other vehicles. Also check out how the Ridgeline stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Honda Ridgeline 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 Ridgeline 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: