Honda Odyssey Resale Value and Depreciation
See how much the Honda Odyssey depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Honda Odyssey depreciates 37.4 percent after five years, resulting in a resale value of $26,782. In comparison, the minivan category, which the Honda Odyssey belongs to, loses 46.2 percent of its value after five years. For further context, the five-year depreciation for all minivans is 45.6 percent and for all vehicles is 41.5 percent.
If you plan to drive a new Honda Odyssey for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Honda Odyssey sees a depreciation of 20 percent with a resale value of $34,216. Its 7-year depreciation is 51.8 percent and 10-year depreciation is 68.3 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Honda Odyssey depreciates 37.4 percent after five years, resulting in a resale value of $26,782. In comparison, the minivan category, which the Honda Odyssey belongs to, loses 46.2 percent of its value after five years. For further context, the five-year depreciation for all minivans is 45.6 percent and for all vehicles is 41.5 percent.
If you plan to drive a new Honda Odyssey for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Honda Odyssey sees a depreciation of 20 percent with a resale value of $34,216. Its 7-year depreciation is 51.8 percent and 10-year depreciation is 68.3 percent.
Honda Odyssey Depreciation After 3, 5, 7 and 10 Years
Honda Odyssey Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.2004785205 |
8579.4782847975 |
0.7995214795 |
34215.5217152025 |
|
5 Years |
0.3741684775 |
16012.5399946125 |
0.6258315225 |
26782.4600053875 |
|
7 Years |
0.5182200725 |
22177.2280026375 |
0.4817799275 |
20617.7719973625 |
|
10 Years |
0.683373657 |
29244.975651315 |
0.316626343 |
13550.024348685 |
Honda Odyssey Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Honda Odyssey |
0.2004785205 |
0.3741684775 |
0.5182200725 |
0.683373657 |
|
All Minivans |
0.3366509193476049 |
0.4624374517752348 |
0.5714166710785819 |
0.6833790393778212 |
|
All Minivans |
0.3001453238951637 |
0.4564515017912142 |
0.5743693274484803 |
0.6834099886488866 |
|
All Cars |
0.2394514816399771 |
0.4148778028183556 |
0.5272667613116062 |
0.6537215231104988 |
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Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.