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How much will the Mazda 3 depreciate?
My friend claims her Mazda 3 won’t depreciate very much in the next few years, but that doesn’t sound right to me. From my understanding, every car depreciates a huge amount after even the first year of owning it! How much can we expect the Mazda 3 to depreciate?
Joshua Levy · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The
Mazda 3
is a great ride with incredible specs and a relatively low cost. Unfortunately, the Mazda 3 also depreciates by 48% in 5 years—meaning it doesn’t retain its value very well over time.Nowadays, the average depreciation rate of cars in the United States is about 8% per year. While that may not seem like a lot, it means that most cars will lose nearly half their value after six years.
The Mazda 3 is actually a little unique in the way it depreciates. For the first three years the Mazda 3 only depreciates by about 7% per year. But there’s a sharp drop after the fourth year that makes it depreciate faster than most other cars.
While it may not retain its value, the Mazda 3 is still a reliable car that can last you a while! It’s
low-maintenance
, has great mileage, and can sometimes last up to 300,000 miles! If you decide to buy a Mazda 3, you can also offset the cost of depreciation by saving on car insurance with Jerry
. A licensed broker, the Jerry app helps users compare personalized quotes from over 50 top providers like Progressive and Nationwide. Users save an average of $887 a year on car insurance with Jerry—and it only takes a minute to sign up.
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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