2022 Honda Accord Price: MSRP, Depreciation, & Trends
2022 Honda Accord by Elise240SX - CC-BY-SA-4.0
The Honda Accord is a popular sedan, slowly morphing into one of the most popular family cars on the market. It might seem like the ideal vehicle for your life, but is it possible to get any value out of your investment in the car? Is the price you pay for the vehicle worth it in the long run? You might wonder - what is the 2022 Honda Accord price? What should you know?
If you’re interested in learning more about the costs associated with the 2022 Honda Accord, you’re in the right spot. The more you know about this machine, the easier it will be to determine if it’s the best choice for your life. Read on to learn more about the price trends of the Accord, the MSRP, and other critical information you should know before buying.
2022 Honda Accord MSRP
It’s always ideal to know the price point of a car before going to a dealership so you understand if you can afford it. This statement also goes for the 2022 Honda Accord. When you gather the average of all MSRPs for this year, you will find an average MSRP of $30,799.37 - a solid middle of the road price point.
The trim will impact the price paid for the vehicle. According to cars.com, the lowest trim of the 2022 Honda Accord goes for $26,520, while the highest trim goes for around $38,000. Of course, the less you pay, the more features and upgrades you will sacrifice on your final car.
Below is a quick overview of all 2022 Honda Accord trims, features, and MSRP:
- LX ($26,000 MSRP): Features: 1.5L turbocharged engine, Honda Sensing suite (safety & driver-assistive technologies), 17-inch alloy wheels, dual-zone automatic climate control, 8-inch display audio touchscreen.
- Sport ($27,000 MSRP): Adds to LX with 19-inch alloy wheels, Apple CarPlay and Android Auto integration, 12-way power driver’s seat, sport pedals, rear spoiler, LED fog lights.
- Sport Special Edition ($28,500 MSRP): Includes Sport features plus leather-trimmed interior, heated front seats, power-adjustable passenger seat, smart entry with Walk Away Auto Lock.
- EX-L ($37,000 MSRP): Includes EX-L features plus 2.0L VTEC Turbo engine, head-up display, ventilated front seats, wireless Apple CarPlay and Android Auto integration, Honda Satellite-Linked Navigation System.
- Hybrid ($30,000 MSRP): Adds to Hybrid with one-touch power moonroof, 12-way power driver’s seat, heated front seats, and blind spot information system.
- Hybrid EX-L ($32,500 MSRP): Includes Hybrid EX features plus leather-trimmed interior, driver’s seat memory, 450-watt premium audio system with 10 speakers, power-adjustable passenger seat.
- Hybrid Touring ($38,000 MSRP): Includes Hybrid EX-L features plus 19-inch alloy wheels, head-up display, ventilated front seats, wireless phone charger, Honda Satellite-Linked Navigation System.
These prices and features were accurate as of the 2022 model year and could have varied based on the dealer, location, and optional add-ons.
MSRP is a critical item to consider when deciding if you can afford a car or not. It’s always worth checking, even if you think a vehicle will be cheap. If you don’t think you can handle the MSRP, it might be time to take your sights elsewhere.
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Why Is the Accord MSRP So Low?
The Honda Accord is one of the cheaper cars on the market, which might seem strange from an outside perspective. What is it that makes the MSRP of the Accord so low? There are several legitimate reasons for this price point.
Here are a few factors that make the Honda Accord so cheap on the market:
- Functional and efficient design
- Lower-cost materials and construction
- Less demand for the vehicle
- Simplicity in design
The Honda Accord is straightforward in all the best ways.
Unfortunately, the price has gone up over the years. However, the Honda Accord remains one of the more affordable selections on the market today. In a world where it feels like everything costs far more than it should, the Honda Accord provides a slight reprieve from it all.
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2022 Honda Accord Depreciation
Depreciation is a valuable thing to ponder before investing in a car. After all, you want a car that will keep its value for as long as possible, keeping your costs low and the potential sale price of the used vehicle high. That way, you have more cash on your side. How does the Honda Accord do? Is it a winner in this area or does it fall flat quickly?
According to caredge.com, here is the predicted depreciation for the Honda Accord:
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By the fourth year, the Honda Accord will hit about 88% of its original value.
As time goes on, the Honda Accord’s value will continue to drop. However, it holds up well over the first five years. However, after that point, you will notice more serious issues, especially reaching the first decade of life in the car.
2022 Honda Accord Trends
Before investing in a vehicle, it’s critical to consider the price trends. What does the 2022 Honda Accord cost and how does it differ from where it should be at this point in the year if all was normal?
Using the CoPilot Price Pulse tool, here’s the trend for the 2022 Honda Accord:
The machine started way up there, then drifted down closer to the price it should be.
In November of last year, the Honda Accord was far above the traditional price on the market based on predictions from previous years. The price has dropped since then, and the Accord is now only 7% above the predicted price, which means you’re paying an extra $2,217. It’s decent for sellers and getting much better for buyers.
Does the Honda Accord Hold Its Value?
Honda is known for making solid vehicles and the Honda Accord is no different. The depreciation will drop the 2022 Honda Accord price down by 22% after the first five years, but that means you’ll still be able to sell it for a decent amount. The Accord will hold to its value very well, especially for a sedan.
There is a reason why Honda is one of the most popular brands on the market. They have many excellent options, and the Honda Accord is just one of them. It will hold its value and provide an excellent driving experience as a Honda sedan. If you can afford it, the Honda Accord is a solid choice for value in the years to come.
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Final Thoughts
It’s always a good idea to learn more about the 2022 Honda Accord price before putting down any money. Examine the MSRP, depreciation rates, trends, and anything else that could impact you as an owner. The more careful you are with your investments, the better they will be for your wallet.
We hope this information is valuable in your search for your next car! Before investing in any large purchase, it’s a good idea to examine all financial impacts. A car is no small matter, and if the value will drop significantly over the next few years, it might make sense to go with another car selection. Luckily, the Accord holds its value well.
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