The 2020 <a href="https://autoglobalnews.com/mitsubishi-eyes-joint-us-production-with-nissan-and-honda-amid-tariffs/” style=”color:#1a73e8;text-decoration:underline;” title=”Mitsubishi Eyes Joint US Production with Nissan and Honda Am”>Honda Civic Type R might be pricey at $45,895 MSRP today but it’s holding its value surprisingly well. It depreciates by just over a grand per year on average.
Key Takeaways
- The 2020 Honda Civic Type R lost only $1,084 annually in the first five years of ownership.
- Average new cars lose about 20% of their value within a year; the Type R doesn’t even come close to this over five years.
- Trading in your car nets you around $27,789 after five years, which is still pretty good considering its initial cost.
The Honda Civic Type R has been a go-to choice for those who want performance and practicality. But the sticker shock of over forty grand new can be daunting to many car buyers today.
However, once you factor in how little it depreciates, that price might seem more reasonable. Kelley Blue Book (KBB) shows owners only losing $5,417 on their investment after five years, which is pretty impressive for a performance vehicle.
The real-world usability of the Civic Type R makes it stand out too. It’s not just about straight-line speed or cornering prowess; you can still fit your kids’ sports gear and groceries in there comfortably.
And while trading it in might mean giving up some money, $27,890 isn’t bad considering most cars lose much more over the same period. Plus, dealerships have to make a profit off these trades too.
Frequently Asked Questions
How Much Does A 2020 Honda Civic Type R Depreciate Annually?
The KBB data shows the car depreciates by around $1,084 annually over five years.
What’s The Trade-In Value Of My Five-Year-Old 2020 Honda Civic Type R?
Kelley Blue Book estimates it to be worth approximately $27,789 when traded in after five years of ownership.
In a world where cars seem to lose value faster than ever before, the Civic Type R stands out as an exception. It’s more than just a car; it’s a lifestyle choice that balances performance with practicality and holds its value impressively well over time.
