What is the Honda depreciation rate?

Answered by

Dennis Fredrick
Dennis FredrickInsurance and Finance Writer

Posted on Jan 13, 2023

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.

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