Honda Ridgeline Depreciation

A Honda Ridgeline will depreciate 29% after 5 years and have a 5 year resale value of $32,457.

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 $45,445 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 $2,340 94.85% $43,105 12,000 2022
2 $2,627 94.22% $42,818 24,000 2023
3 $6,453 85.80% $38,992 36,000 2024
4 $9,703 78.65% $35,742 48,000 2025
5 $12,988 71.42% $32,457 60,000 2026
6 $20,023 55.94% $25,422 72,000 2027
7 $22,800 49.83% $22,645 84,000 2028
8 $25,490 43.91% $19,955 96,000 2029
9 $26,263 42.21% $19,182 108,000 2030
10 $29,985 34.02% $15,460 120,000 2031

Honda Ridgeline Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,340 94.85% $43,105
2 $2,627 94.22% $42,818
3 $6,453 85.80% $38,992
4 $9,703 78.65% $35,742
5 $12,988 71.42% $32,457
6 $20,023 55.94% $25,422
7 $22,800 49.83% $22,645
8 $25,490 43.91% $19,955
9 $26,263 42.21% $19,182
10 $29,985 34.02% $15,460

Buying a Honda Ridgeline New vs Used

If you purchase a used Honda Ridgeline that is 2 years old, then you could save $2,627 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 $10,361. 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.

What About Honda Ridgeline Insurance Costs?

The average cost to insure a Honda Ridgeline is about $1,467 per year. This adds up to around $7,335 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 Ridgeline. 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 Ridgeline

The 2021 Honda Ridgeline is our top pick for the best model year value for the Ridgeline. With the 2021, you would only pay, on average, 95% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2020 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
2022 $45,445 $45,445 $302 $0 0% 100%
2021 $45,313 $43,327 $349 $2,118 4.66% 94.85% Best
2020 $42,178 $40,163 $424 $3,164 7.3% 94.22% Better
2019 $41,934 $36,525 $544 $3,638 9.06% 85.8% Better
2018 $41,714 $33,451 $643 $3,074 8.42% 78.65% Good
2017 $41,463 $30,412 $800 $3,039 9.08% 71.42% Good
2014 $38,856 $23,100 $1,363 $7,312 24.04% 55.94%
2013 $38,731 $20,836 $1,538 $2,264 9.8% 49.83%
2012 $38,631 $18,522 $1,560 $2,314 11.11% 43.91%
2011 $37,431 $17,546 $1,748 $976 5.27% 42.21%
2010 $35,998 $14,265 $2,019 $3,281 18.7% 34.02%
Year Price % Paid Value Rank
2022 $45,445 100%
2021 $43,327 94.85% Best
2020 $40,163 94.22% Better
2019 $36,525 85.8% Better
2018 $33,451 78.65% Good
2017 $30,412 71.42% Good
2014 $23,100 55.94%
2013 $20,836 49.83%
2012 $18,522 43.91%
2011 $17,546 42.21%
2010 $14,265 34.02%

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: