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Should I keep my Honda Accord?

Keeping an 8-year-old (2018) Honda Accord at typical mileage costs about $4,968 a year: $925 in value it loses, $1,132 insurance, $1,389 fuel, $1,422 maintenance and repairs and $100 registration. A new one costs about $7,880 a year to own, mostly because new cars lose value faster.

By model year

What a Honda Accord costs to keep, by year

Next 12 months for a paid-off car at 12,000 miles a year, average insurance costs, $3.30 gas. Click a year to run your own numbers in Keep or Switch.

YearValue todayCost to keep next yearValue lostMaintenance and repairsEfficiencyRepair complaints
2025$24,323$5,692$2,289$71832 MPGAbout average
2024$21,373$5,328$1,943$74132 MPGAbout average
2023$18,847$5,101$1,615$87832 MPGMore than average
2022$16,714$4,793$1,306$91132 MPGAbout average
2021$14,946$4,946$1,267$1,13432 MPGAbout average
2020$13,269$4,856$983$1,20329 MPGAbout average
2019$11,918$4,911$953$1,31229 MPGMore than average
2018$10,635$4,968$925$1,42229 MPGMore than average
2017$9,419$4,888$673$1,45226 MPGAbout average
2016$8,484$5,100$848$1,54026 MPGAbout average
2015$7,407$5,127$741$1,69726 MPGMore than average
2014$6,466$5,114$647$1,79826 MPGMore than average
2013$5,645$5,057$564$1,84126 MPGAbout average
2012$4,928$4,984$493$1,85826 MPGAbout average
2011$4,302$4,984$430$1,93626 MPGFewer than average

Should you keep it?

Keeping vs replacing your Honda Accord

A paid-off car is usually the cheapest car you can drive, even with repairs: a replacement starts losing value the day you buy it and comes with tax, fees and often a loan. Switching tends to pay only when repairs get large and frequent, or a much more efficient car cuts fuel costs enough. Keep or Switch compares your Honda Accord against any replacement, including the costs of switching.

Questions

Common questions

How much does it cost to own a Honda Accord per year?

For a 2018 model at typical mileage, about $4,968 a year in value lost, insurance, fuel, maintenance, repairs and registration, not counting any loan. Years in the table range from $4,793 to $5,692.

Which Honda Accord years have the most problems?

In NHTSA owner complaint data, 2018 drew the most repair-heavy complaints relative to similar cars. Complaints are voluntary and busier models draw more of them, so treat this as a weak signal.

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