The Honda depreciation rate varies depending on the model and year of the car. Generally, Hondas depreciate at a rate of around 10-15% per year. This means that a brand new Honda will lose around 10-15% of its value as soon as you drive it off the lot, and will continue to lose value each year. However, there are some models that hold their value a bit better than others, so be sure to do your research before you buy. If you're looking for a car that will hold its value well, a Honda is a good option.
What is the Honda depreciation rate?
Answered by
Dennis FredrickInsurance and Finance Writer
Posted on Jan 13, 2023
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