Honda Passport vs Pilot: Resale Value and Long-Term Costs Compared
Here’s the thing about choosing between two excellent Hondas — the decision often comes down to how you’ll use the vehicle over the long haul, and that’s where resale value and long-term costs really matter. Whether you’re a current Honda owner considering an upgrade, a family planning for the future, or someone who simply wants to get the most out of their investment, understanding how the Passport and Pilot compare financially is essential. This breakdown looks at the numbers, the factors that influence value retention, and what you can expect to spend over time.
TL;DR
The Honda Passport typically holds its value slightly better than the Pilot, with about a 45.8% depreciation rate after five years compared to the Pilot’s 48.3% . However, the Pilot starts at a lower base price and offers more seating capacity and cargo versatility, which appeals to growing families. Long-term maintenance costs are similar for both, but the Passport’s simpler two-row design and slightly lower purchase price can make it the more cost-effective choice if you don’t need the extra seats.
Key Takeaways
- Resale Value Edge: The Passport typically retains about 2.5 percentage points more of its value after five years than the Pilot .
- Lower Entry Price: The Pilot has a lower starting MSRP, often making it the more accessible new vehicle despite its larger size .
- Fuel Economy: The Pilot offers slightly better fuel efficiency on the highway, which can add up over years of driving .
- Space vs. Cost: The Passport delivers a roomy five-passenger cabin and generous cargo space at a competitive price, while the Pilot’s third row adds significant practicality for larger families .
- Reliability: Both models are backed by Honda’s strong reputation for dependability, with both showing repair likelihood under 5% in the next 12 months .
Understanding the Numbers: Depreciation and Resale Value
When you buy a vehicle, it starts losing value the moment you drive it off the lot. That’s depreciation. Both the Passport and the Pilot hold their value better than many competitors, but there are differences worth noting.
Data from iSeeCars shows that over five years, the Honda Passport loses approximately 45.8% of its value, while the Honda Pilot loses about 48.3% . That means the Passport holds onto a bit more of its original worth. In dollar terms, this can translate into a difference of a few thousand dollars when it’s time to sell or trade in.
For context, the 2021 Pilot has been shown to depreciate between 44% and 48% over five years, depending on the data source, which is comparable to the broader trends .
Why Does the Passport Hold Value Slightly Better?
There are a few reasons the Passport often edges out the Pilot in resale value:
- Smaller Production Numbers: The Passport is produced in lower volumes than the Pilot. Lower supply in the used market can sometimes support stronger prices.
- Niche Appeal: The Passport appeals to buyers who want an SUV with off-road capability and a rugged look but don’t need a third row. This specific niche can create dedicated demand .
- Newer Design Cycle: The Passport is based on the previous-generation Pilot platform, but as of 2025, it remains a fresher design compared to the then-current Pilot. However, Honda has redesigned the Pilot for 2023, meaning newer Passports may soon be viewed as an “older” design until its own redesign arrives .
The Pilot’s Value Proposition
Despite slightly higher depreciation, the Pilot has its own financial advantages. It starts at a lower MSRP than the Passport, making it more accessible as a new vehicle . Also, the Pilot’s three-row seating and reputation as a family hauler create consistent demand among families, ensuring a steady pool of buyers in the used market . This high demand helps stabilize its resale value, even if it depreciates a bit faster initially.
Long-Term Costs: What to Expect
The cost of ownership extends beyond the purchase price. Here’s how the Passport and Pilot compare on key long-term expenses.
Fuel Economy
Fuel costs can add up significantly over five years or more. According to iSeeCars, the Honda Pilot has the edge in fuel efficiency, particularly on the highway . This could save you a few hundred dollars annually if you do a lot of highway driving.
Maintenance and Repairs
Honda vehicles are known for their reliability, and both the Passport and the Pilot reflect that reputation. Data from CARFAX shows that the likelihood of repairs in the next 12 months is less than 5% for both models, with estimated repair costs of around $240 .
For the Passport specifically, Kelley Blue Book estimates a 5-year cost-to-own of approximately $71,195 for an EX-L model, with depreciation accounting for $25,414 of that total . Out-of-pocket expenses (fuel, insurance, maintenance, and repairs) over the same period are estimated at $45,781 .
It’s worth noting that one forum user commented that Hondas with the V6 engine can become more expensive to maintain around the 150,000-mile mark due to issues like VCM (Variable Cylinder Management) and worn suspension components. However, this owner noted that problems had reportedly been resolved in models from 2019 onward .
Real-World Impact: Which Vehicle Fits Your Wallet?
The best choice depends on your priorities and lifestyle.
| Feature | Honda Passport | Honda Pilot |
|---|---|---|
| 5-Year Depreciation | 45.8% | 48.3% |
| Starting MSRP | ~$43,850 | ~$41,295 |
| Seating Capacity | 5 passengers | 7-8 passengers |
| Fuel Economy (Highway) | Slightly lower | Slightly higher |
| Best For | Adventurous couples, small families, no need for third row | Growing families, carpooling, road trips with extra passengers |
| Repair Likelihood (12 mo.) | <5% | <5% |
Chart: 5-Year Depreciation Comparison
The chart below visualizes the 5-year depreciation rates for the Honda Passport and Honda Pilot compared to the average for midsize SUVs.
FAQ: Your Questions About Passport vs Pilot Costs, Answered
Which Honda holds its value better, the Passport or the Pilot?
The Honda Passport typically holds its value slightly better, with a 5-year depreciation rate of about 45.8% compared to the Pilot’s 48.3% .
Is the Honda Pilot more expensive than the Passport?
The Pilot has a lower starting MSRP, but higher trims can surpass the Passport’s top price. In general, the Pilot offers a lower entry point .
Are maintenance costs higher for the Passport or Pilot?
Both vehicles have similar maintenance costs and low likelihood of repairs. Expected 5-year out-of-pocket expenses for a Passport are estimated at around $45,781 .
Which SUV has better fuel economy, Passport or Pilot?
The Honda Pilot generally has a slight advantage in fuel efficiency, especially on the highway .
Is the Honda Passport cheaper to insure than the Pilot?
Insurance costs can vary based on factors like location and driving history. Generally, the Passport’s lower price point and two-row design might result in slightly lower premiums, but this is not guaranteed.
Why would someone choose a Passport over a Pilot?
The Passport is ideal for those who prioritize off-road styling, a sportier feel, and generous cargo space without needing a third row. It’s also typically a bit more affordable at higher trim levels .
Is the Passport built on the same platform as the Pilot?
Yes, both the Passport and Pilot are built on Honda’s Global Light Truck Platform and share many underlying components .
Choosing between the Honda Passport and Pilot involves weighing your immediate needs against long-term financial considerations. The Passport offers slightly better resale value and a sportier appeal, while the Pilot provides more space and a lower starting price. Both are excellent vehicles that will serve you well for years to come, backed by Honda’s reputation for Japanese reliability .
Are you team Passport or team Pilot? What factors matter most to you in a vehicle? Drop your thoughts in the comments below.
For further reading on Honda depreciation and costs, check out these trusted sources:
