Estimated value by year
New
$20,000
MSRP
1 yr
$15,600
-22%
2 yrs
$14,200
-29%
3 yrs
$13,000
-35%
5 yrs
$11,000
-45%
10 yrs
$7,000
-65%
Advertisement
Full Depreciation Table — Honda Fit
Based on base MSRP of $20,000. Actual values vary by trim, mileage, condition, and region.
| Year | Age | Depreciation | 🤝 Trade-In | 🧑 Private Sale | 🏢 Dealer Retail |
|---|---|---|---|---|---|
| 2026 (New) | 0 yrs | -0% | $17,400 | $20,000 | $22,400 |
| 2025 | 1 yr | -22% | $13,572 | $15,600 | $17,472 |
| 2024 | 2 yrs | -29% | $12,354 | $14,200 | $15,904 |
| 2023 | 3 yrs | -35% | $11,310 | $13,000 | $14,560 |
| 2022 | 4 yrs | -41% | $10,266 | $11,800 | $13,216 |
| 2021 | 5 yrs | -45% | $9,570 | $11,000 | $12,320 |
| 2020 | 6 yrs | -49% | $8,874 | $10,200 | $11,424 |
| 2019 | 7 yrs | -53% | $8,178 | $9,400 | $10,528 |
| 2018 | 8 yrs | -57% | $7,482 | $8,600 | $9,632 |
| 2017 | 9 yrs | -61% | $6,786 | $7,800 | $8,736 |
| 2016 | 10 yrs | -65% | $6,090 | $7,000 | $7,840 |
Cost per year
$1,760
avg annual loss
Sweet spot buy
2–3 yrs old
$13,000 saves $7,000
Value at 10 yrs
$7,000
65% of value gone
Key Specs — Honda Fit
Category
Hatchback
Base MSRP
$20,000
5-Year Depreciation
44%
vs Category Avg
2% better than average
Expected Lifespan
150,000–200,000 miles
Best Used Buy Age
2–3 years old
Should you buy a used Honda Fit?
The sweet spot for buying a used Fit is 2 to 3 years old. At that age you can save approximately $7,000 off the new price while still getting a relatively modern vehicle. The steepest depreciation happens in the first 1-2 years, so letting someone else absorb that loss is a smart financial move.
Advertisement
Want to check your own car?
Use our free calculator to get trade-in, private sale, and dealer retail values for any make and model.
Calculate my car's value →
More depreciation guides