Honda Odyssey Depreciation: Do They Hold Their Value?
Here's everything you need to know about Honda Odyssey depreciation: how well the Odyssey retains its value, which years depreciate more slowly than others, and which Odyssey years lose their value quickly.
The Honda Odyssey is one of the most popular minivans on the market, offering ample years of driving for families. It’s received ample updates over the years, allowing it to care for drivers and passengers more effectively. If you’re interested in making the Honda Odyssey your own, it’s valuable to consider the depreciation rate of the machine.
When looking at the Honda Odyssey’s depreciation, there are many items to consider. The depreciation is critical because it will impact your ownership and how much you can buy or sell the car for. Keep reading to learn more about how Honda Odysseys retain their value, which years are ideal, and other helpful information.
Do Honda Odysseys Retain Your Value?
We can see that the Honda name does a decent job of keeping the value intact for the long term. However, it’s also vital to note that the Honda Odyssey is its vehicle and offers a differing depreciation rate. Let’s look at the long-term date for the Honda Odyssey in detail.
According to caredge.com, here is the information for the Honda Odyssey:
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Which Model Years of the Odyssey Are Best for Depreciation?
When trying to make the best choice for your Honda Odyssey depreciation, it’s critical to note not all years of the Honda Odyssey are created the same. Some years are far better than others, and it’s vital to make the best choice to get the best return on your vehicle.
Here are the top choices if you want the best depreciation for your Honda Odyssey:
- 2017 Honda Odyssey
- 2021 Honda Odyssey
- 2020 Honda Odyssey
- 2019 Honda Odyssey
These four years are excellent when considering the depreciation rate.
These years have excellent, updated features, so the fact that they are slightly more expensive will be worth it in the long run. If you want to save some money in the long run, it’s worth it to go for the 2017 Honda Odyssey. It won’t be as updated as the 2021 iteration, but it will cost much less.
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Which Model Years of the Odyssey Are Worst for Depreciation?
There are some more practical years available for the Honda Odyssey depreciation, but there are also some that aren’t as ideal. These years drive fine, but thanks to their dependability, they tend to break down much faster than their recommended counterparts.
Here are the years we advise avoiding when considering the availability of the Honda Odyssey:
- 2002 Honda Odyssey
- 2003 Honda Odyssey
- 2005 Honda Odyssey
- 2006 Honda Odyssey
- 2007 Honda Odyssey
- 2008 Honda Odyssey
- 2010 Honda Odyssey
- 2014 Honda Odyssey
There’s a substantial number on this list.
Many of these versions of the Honda Odyssey are available for much cheaper than the more dependable counterparts, but that doesn’t mean they’re worth it. It will save you money in the long run if you spend slightly more upfront on the model year of the Honda Odyssey selection.
Can You Assist with Depreciation?
There are many things out of your control when considering the Honda Odyssey and its depreciation, but there are ample other things you can control to keep your vehicle in the best condition for as long as possible. These are excellent car owner practices that have a beneficial impact on your wallet in the long run.
According to statefarm.com, here are some ways to deal with depreciation in the Honda Odyssey:
- Drive with care
- Maintain your vehicle
- Keep the interior and exterior in excellent shape
- Hold low mileage on the car
These are some of the many ways to keep depreciation at bay with your Honda Odyssey.
The more careful you are with your machine, the more likely the depreciation rate is to go in your favor. It’s natural for the vehicle’s components to undergo natural wear and tear, but there are things you can do to assist with the process. Keep an eye on your car and act as soon as you see something wrong.
HOW LONG DO HONDA ODYSSEYS LAST?
If you’re interested in this car, you might be curious about its lifespan. You might wonder - how long do Honda Odysseys last?
Which Honda Holds Its Value the Best?
When looking at the Honda Odyssey depreciation, it can be frustrating to determine which vehicle performs the best in the long run. Maybe you want to invest in a Honda, but you want to ensure it’s the best when holding its value.
According to iseecars.com, here are the Honda selections that are best at retaining their value:
- Honda Fit
- Honda Civic Coupe
- Honda Civic Hatchback
- Honda Civic
- Honda HR-V
These are the top contenders in resale value and long-term depreciation.
Unfortunately, the Honda Odyssey doesn’t make the top five list when considering the depreciation rate of the brand. It doesn’t even make the top ten; it comes in at number twelve. We recommend another selection if you care tremendously about the depreciation rate.
What is the Life Expectancy of a Honda Odyssey?
Another helpful item of consideration is the life expectancy of the Honda Odyssey. Though they aren’t always correlated, the lifespan of the Honda Odyssey often impacts the depreciation rate.
A typical Honda Odyssey with excellent care can last 200,000-300,000 miles with ease. It’s a minivan with a practical lifespan, making the depreciation rate secondary for those who want a car that will last them.
2025 HONDA ODYSSEY RELEASE DATE
Thanks to its success, the Honda Odyssey is back on the market for the next model year. Those interested in the vehicle might wonder - when is the upcoming 2025 Honda Odyssey release date?
Final Thoughts on Honda Odyssey Depreciation
The Honda Odyssey is one of the most popular minivan selections on the market, creating plenty of room for drivers and all their passengers. Although it’s the best Honda in depreciation, it is decent if you pick the correct year.
We hope this information is valuable, whether you’re seeking to sell your Honda Odyssey or purchase one for the first time. The most critical items are to invest in the right model year and care for your vehicle well. The Odyssey is a classic minivan that will stand the test of time, so we think it’s worth it.
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