What is the percentage or rate of deprecation on a New '08 Honda Accord EX-L Fully Loaded Sedan?

I am looking to buy this car. Sticker Price was about $32000.00 including taxes and fees. After a lot of negotiating, I got it down to $28000.00, walk-out-the-door price. I want to know how much the cost of it will go down after a few years. I heard Honda's hold their value quite well, but I am running the numbers and I want to make sure I make a good decision.What is the percentage or rate of deprecation on a New '08 Honda Accord EX-L Fully Loaded Sedan?Ask your dealer what the 'residual value' on a honda lease is for the term you are considering financing the vehicle for. The cost of the lease is predicated on a fixed residual value at the end of the lease. The residual value is what Honda projects the vehicle's retained value to be when you turn a lease car in after X number of years. The difference between the residual value and what you pay for the car is the depreciation.



The residual values vary by tie model of the car. Honda Financial publishes the residual values to each dealer each month and updates them more frequently if necessary. The F%26amp;I manager at the dealership should be able to give you that information. You can also call any lender and ask them what their residual value on a Honda Accord lease would be. Keep in mind that the terms of the lease can be 1, 2, 3,4, 5,or 6 years so if you're crunching your number for 5 years out then use the residual value for a 5 year lease so the terms of your calcualtions are the same as the residual value period.



You'll see the residual value quoted as a percentage, not as a dolar amount because the options and equipment vary within the model line.



In a lease you are paying for that decpreciaion each month as part of the lease costs (as well as for the cost to finance the total value of the vehcile at time of purchase plus the profit for the sale as well as taxes etc.)



hope that helpsWhat is the percentage or rate of deprecation on a New '08 Honda Accord EX-L Fully Loaded Sedan?Go to Kelly Bluebook.com there will be values listed there.What is the percentage or rate of deprecation on a New '08 Honda Accord EX-L Fully Loaded Sedan?I believe that the depreciation of the new Accord goes like this:

Year 1 $5,362

Year 2 $3,161

Year 3 $2,782

Year 4 $2,466

Year 5 $2,213

5-yr Total

$15,984



The top of the line vehicles (Navi, V6, etc.) usually has greater depreciation, on average, compared to the mid- level model (4 Cly, EX), but V6's without Navi depreciates less than a 4 Cly.