Honda Elevate value and depreciation
Known for value-focused entry suv.
Projected value of a new Honda Elevate
We class the Honda Elevate as a mainstream in our 12-tier model, which puts its retention at roughly 67% after three years and 54% after five. Solid volume sellers from established brands. Around two thirds of the price left after three years.
Retention table
| After | Retained | Retail value | Trade-in |
|---|---|---|---|
| 1 year | 83% | R 308 535 | R 271 511 |
| 3 years | 67% | R 251 582 | R 221 392 |
| 5 years | 54% | R 200 758 | R 176 667 |
| 7 years | 42% | R 158 463 | R 139 447 |
| 10 years | 29% | R 109 319 | R 96 201 |
Estimates for a new purchase at R 373 800; retail basis, trade-in ≈ 12% under retail.
Launched in February 2024 as the WR-V's indirect replacement, the Indian-built Elevate is Honda SA's entry SUV. It uses the familiar 1.5 petrol with manual or CVT gearboxes and undercuts the HR-V by a wide margin. Early residuals look steady given Honda's reliability record, though Chinese rivals offer more kit for the money.
What used Elevate years are worth today
Tap a year for the full breakdown: value range, remaining depreciation, and what to pay.
| Year | Est. retail today | Trade-in | |
|---|---|---|---|
| 2026 Elevate | R 373 800 | R 328 944 | Details → |
| 2025 Elevate | R 292 450 | R 257 356 | Details → |
| 2024 Elevate | R 250 315 | R 220 277 | Details → |
Elevate against its rivals
Where the Elevate ranks
Honda Elevate: common questions
What is a Honda Elevate worth after 3 years?
A Honda Elevate bought new today for R 373 800 is projected to be worth about R 251 582 after three years, which is 67% of its price. A dealer trade-in offer would sit closer to R 221 392.
Does the Honda Elevate hold its value?
We class the Honda Elevate as a mainstream in our 12-tier model, which puts its retention at roughly 67% after three years and 54% after five. Solid volume sellers from established brands. Around two thirds of the price left after three years.
What does a used Honda Elevate cost?
As a guide: a 2024 model is worth about R 250 315 retail today, while a 2024 model sits around R 250 315. Condition, mileage and spec move real prices by 10% or more either way.
What would a Honda Elevate cost per month?
Financing a new Honda Elevate at R 373 800 over 72 months at 11.75% with a 10% deposit comes to roughly R 6 533 per month before bank fees and insurance.
Keep going
All figures are modelled estimates for planning, not offers or valuations. Data reviewed 2026.