2024 Honda Civic Type R Cost to Own

A 2024 Honda Civic Type R will depreciate $17,649 after 5 years and have a 5-year residual value of $28,296. With out of pocket expenses at $45,457, the total Cost to Own of the 2024 Honda Civic Type R is $63,106.

Style
Miles Driven / Year
Higher Costs than Most

The 2024 Honda Civic Type R is in the bottom 76-100% for Cost to Own among all Compact Cars.

5-Year Cost to Own: $63,106

What Does Cost to Own Include?

Fuel
Out of Pocket Expenses $45,457
5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.
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Depreciation
Depreciation (Loss in Value) $17,649
The car's estimated loss in value from the purchase date over 5 years.
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Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

Considering a 2024 Honda Civic Type R?

Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Honda Civic Type R photo
2024 Honda Civic Type R

Cost to Own: $63,106

MSRP: $45,945

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Compare Out of Pocket Expenses

New 2024
1 of 3
Honda Civic Type R
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Total Out of Pocket Expenses
$45,457
-
-
Fuel
$6,063
-
-
Maintenance
$4,710
-
-
Insurance
$22,680
-
-
Repairs
$1,693
-
-
Financing
$6,951
-
-
State Fees
$3,360
-
-

Compare 5-Year Depreciation

2024 Honda Civic Type R
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5-year Cost to Own Breakdown

2024 Honda Civic Type R
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Fuel
$1,289
$1,223
$1,191
$1,182
$1,178
$6,063
Insurance
$4,536
$4,536
$4,536
$4,536
$4,536
$22,680
Financing
$2,396
$1,924
$1,422
$888
$321
$6,951
State Fees
$3,236
$31
$31
$31
$31
$3,360
Maintenance
$326
$942
$326
$2,790
$326
$4,710
Repairs
-
-
$391
$651
$651
$1,693
Depreciation
$7,277
$3,928
$2,677
$1,826
$1,941
$17,649
Cost To Own
$19,060
$12,584
$10,574
$11,904
$8,984
$63,106
2024 Honda Civic Type R Cost to Own
5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).
5-Year Depreciation:$17,649
5-Year Out of Pocket Expenses:$45,457
5-Year Cost to Own:$63,106
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FAQs

As of July 2025 insuring a Honda Civic Type R 2024 will cost approximately $22,680 dollars to insure per year, or $1,890 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of July 2025 average annual maintenance costs for a Honda Civic Type R 2024 run about $942 dollars, totaling approximately $4,710 dollars over five years.

As of July 2025 average annual depreciation for a Honda Civic Type R 2024 runs about $3,529 dollars, totaling approximately $17,649 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Honda Civic Type R 2024 can be expected to depreciate around $17,649 dollars over the course of 5 years, averaging $3,529 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Honda include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Honda Civic Type R 2024 run about $942 dollars or $4,710 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Honda.

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