Honda Accord Depreciation

A Honda Accord will depreciate 47% after 5 years and have a 5 year resale value of $16,555.

The Honda Accord has been a bellwether car for decades, and is a model known for holding its value. New Accord prices have risen significantly over the years, so it depreciates faster than it used to. However, if you are looking for a great used car that won't give you problems down the road, the Accord is a great pick.

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. It also assumes a selling price of $31,515 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 Accord.

If you purchase a used Honda Accord that is 2 years old, then you could save $8,181 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 $6,779. 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 Accord models become available.