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What is the Honda Fit’s depreciation rate?
I’m thinking about buying a used hatchback since my current car is giving out on me, and I think the Honda Fit is the perfect “fit” for me! But I’m curious—what is its depreciation rate?
Mariza Morin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I see what you did there! And lucky for you, the Honda Fit has an average five-year depreciation rate between 28% and 37%. Of course, the rate of depreciation will also depend on important factors like mileage and repair history.
According to Edmunds, the total five-year ownership costs for a 2020 Honda Fit include:
- Depreciation: $8,824
- Fuel: $9,072
- Insurance: $6,477
- Repairs: $1,470
- Maintenance: $4,929
So as long as you take care of your Honda Fit, it might prove to be a good investment. Speaking of good investments, you can also find affordable
Honda insurance rates
by downloading the world’s only Jerry
app! After you download the
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app, just sign-up in less than a minute to receive an array of customized quotes from dozens of top insurance providers right at your fingertips. Pick a new policy and Jerry’s team will quickly switch your over while helping you cancel your old policy. View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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