A 2006 Honda Element still asks 63% of what a 2011 one does — that's how much value it holds after 5 years. Among 58 suvs we price, that ranks #33, below the 64% class median. The steepest single-year drop comes at year 3 (−33.3%), after which losses ease to about 9.8% a year. Calculated from 170 listings.
Honda Element value by year
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2011 | $3,100 | $15,995 | 13 | |
| 2010 | $3,500 | $16,900 | 15 | |
| 2009 | $2,000 | $15,124 | 10 | |
| 2008 | $3,850 | $13,995 | 19 | |
| 2007 | $4,500 | $11,899 | 22 | |
| 2006 | $3,200 | $11,199 | 29 | |
| 2005 | $2,989 | $9,791 | 23 | |
| 2004 | $3,000 | $11,500 | 21 | |
| 2003 | $2,150 | $9,600 | 18 |
How the Honda Element depreciates
The newest Honda Element has a median asking price of $9,500; a 8-year-older one runs about $5,000 — roughly 47% lost over 8 years (compare the typical depreciation curve by age).
Does the Honda Element hold value better than its rivals?
Over the same 5 years the Subaru Forester keeps 75%, the Chevrolet Tahoe 59% and the Nissan Xterra 57%, against 63% for the Element. The Element holds value better than the Chevrolet Tahoe and Nissan Xterra, but not the Subaru Forester.
The Honda Element market right now
Adjust your Honda Element value for mileage
Trade-in, private-party & dealer price
For a 2011 Honda Element: a dealer trade-in offer is around $3,100, selling private-party nets about $9,500, and a lot asks near $15,995 — a $12,895 spread on the same car.
What sellers really ask, from our own listings: for the same model year, the Element costs a median 66% more from a dealer than from a private seller, across the 8 recent model years with enough of both. Title, state and mileage effects are on the Honda Element price page.
| Model year | Private seller (listings) | Dealer (listings) | Dealer vs private |
|---|---|---|---|
| 2011 | $9,500 (13) | $11,948 (16) | +26% |
| 2010 | $7,975 (20) | $13,950 (17) | +75% |
| 2009 | $5,900 (15) | $9,997 (16) | +69% |
| 2008 | $7,000 (31) | $6,975 (24) | same |
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Honda Element value FAQ
How much is a Honda Element worth?
It depends mostly on the model year: in our listings the median asking price runs from $5,000 to $10,499 across 9 model years. A 2011 is worth about $9,500, the median of 13 listings.
How much does mileage cut a Honda Element's value?
Among Elements from the last eight model years, those with 40,000 to 100,000 miles ask a median $14,722, and those with over 150,000 miles ask $4,625.
Is a Honda Element cheaper from a dealer or a private seller?
Usually from a private seller: for the same model year, dealers ask a median 66% more, across 8 recent model years in our listings.
Does the Element hold value better than the Subaru Forester?
No: over 5 years the Element keeps 63% of its value and the Subaru Forester 75%, by the median asking prices of the 2011 and 2006 model years.
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