Depreciation
The depreciation graph and accompanying table on our page detail how the 2022 HONDA RIDGELINE's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2022 HONDA RIDGELINE in 2022 was $41,120.
The average price for used 2022 HONDA RIDGELINE nowadays in 2024 is $35,553 which is 86% from the original price.
Estimated mileage driven per year is 11,254 miles.
The graph below is a depreciation curve for 2022 HONDA RIDGELINE. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2022 HONDA RIDGELINE in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2022 MSRP | 0 mi | $41,120 | — | — | 100% | 0% |
| 2022 | 11,254 mi | $42,000 | −$880 | −2.14% | 102.14% | -2.14% |
| 2023 | 22,508 mi | $37,795 | +$4,205 | +10.01% | 91.91% | 8.09% |
| 2024 | 33,762 mi | $35,553 | +$2,242 | +5.93% | 86.46% | 13.54% |
| 2025 | 45,016 mi | $31,995 | +$3,558 | +10.01% | 77.81% | 22.19% |
| 2026 | 56,270 mi | $29,998 | +$1,997 | +6.24% | 72.95% | 27.05% |
| 2027 | 67,524 mi | $27,500 | +$2,498 | +8.33% | 66.88% | 33.12% |
| 2028 | 78,778 mi | $25,850 | +$1,650 | +6% | 62.86% | 37.14% |
| 2029 | 90,032 mi | $23,611 | +$2,239 | +8.66% | 57.42% | 42.58% |
| 2032 | 123,794 mi | $17,997 | +$0 | +0% | 43.77% | 56.23% |
| 2033 | 135,048 mi | $17,450 | +$547 | +3.04% | 42.44% | 57.56% |
| 2034 | 146,302 mi | $15,900 | +$1,550 | +8.88% | 38.67% | 61.33% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HONDA RIDGELINE’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2022 HONDA RIDGELINE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2022 HONDA RIDGELINE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $42,459 | 278 sales |
| 5,000 mi | $41,500 | 811 sales |
| 10,000 mi | $39,536 | 822 sales |
| 15,000 mi | $37,997 | 666 sales |
| 20,000 mi | $36,987 | 526 sales |
| 25,000 mi | $36,450 | 415 sales |
| 30,000 mi | $35,910 | 235 sales |
| 35,000 mi | $34,894 | 224 sales |
| 40,000 mi | $34,571 | 133 sales |
| 45,000 mi | $33,249 | 115 sales |
| 50,000 mi | $33,492 | 66 sales |
| 55,000 mi | $33,395 | 39 sales |
| 60,000 mi | $32,676 | 21 sales |
| 65,000 mi | $31,153 | 11 sales |
| 70,000 mi | $31,562 | 14 sales |
Frequently asked questions
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Other years of HONDA RIDGELINE
2006 HONDA RIDGELINE
$8,998 average used price
9,200+ sales records
2007 HONDA RIDGELINE
$9,825 average used price
8,100+ sales records
2012 HONDA RIDGELINE
$15,900 average used price
6,100+ sales records
2014 HONDA RIDGELINE
$17,997 average used price
8,300+ sales records
2019 HONDA RIDGELINE
$27,500 average used price
48,900+ sales records
2024 HONDA RIDGELINE
$42,000 average used price
1,600+ sales records
Similar Models
2021 HONDA ACCORD
$27,995 MSRP
$25,500 average used price
146,500+ sales records
2022 HONDA CR-V
$33,400 MSRP
$29,500 average used price
99,000+ sales records
2024 HONDA CIVIC
$25,988 MSRP
$27,375 average used price
11,700+ sales records
2024 HONDA HR-V
$25,465 MSRP
$27,168 average used price
4,800+ sales records
2024 HONDA ACCORD
$27,995 MSRP
$28,199 average used price
8,300+ sales records
2025 HONDA HR-V
$25,465 MSRP
3,000+ sales records
