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2020 Honda Fit
A 2020 Honda Fit has depreciated $6,068 or 31% in the last 3 years and has a current resale value of $13,015 and trade-in value of $11,482.
A 2020 Honda Fit has depreciated $6,068 or 31% in the last 3 years and has a current resale value of $13,015 and trade-in value of $11,482.
The 2020 Honda Fit is in the top 10% for depreciation among all 2020 Hatchbacks.
2020 Honda Fit Annual Depreciation
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2022 | + $3,276 | $19,083 | $17,185 | ||
2023 | $1,180 | $17,903 | $16,121 | ||
2024 | $3,394 | $14,509 | $12,760 | ||
Now | $1,494 | $13,015 | $11,482 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
2020 Honda Fit Depreciation
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Managing 2020 Honda Fit Depreciation
Get the most out of your car when it's time to sell or trade. Check out our expert tips below to minimize depreciation and help keep your car's value higher.
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FAQs
According to Kelley Blue Book, a 2020 Honda Fit depreciated about 31% over the last three years. Generally the 2020 Honda Fit is in the top 10% for depreciation among all 2020 Hatchbacks. However, depreciation can vary depending on vehicle condition and mileage.
According to Kelley Blue Book, the 2020 Honda Fit is in the top 10% for depreciation among all 2020 Hatchbacks. Over the last 3 years it retained 69% of its value.
A 2020 Honda Fit has depreciated an average of about $2,022 per year for the last 3 years. It has dropped a total of $6,068 in value in that time and has a current resale value of $13,015 and a trade-in value of $11,482. Generally the 2020 Honda Fit is in the top 10% for depreciation among all 2020 Hatchbacks.
A 2020 Honda Fit has depreciated 31% in the last 3 years and has a resale value of $13,015. Overall, the 2020 Honda Fit is in the top 10% for depreciation among all 2020 Hatchbacks.
A 2020 Honda Fit has depreciated 31% over the last 3 years on average. There are various factors that can impact this, however, including vehicle condition, mileage, and your location.