# Calculating Five Year Ownership Expenses for Toyota Camry and Honda Accord

URL: https://technosports.co.in/five-year-ownership-expenses-camry/  
Published: 2026-07-21  
Updated: 2026-07-21  
Author: Reetam Bodhak

The estimated five-year ownership costs for the Toyota Camry and Honda Accord are around $35,000 and $33,000, respectively. Since its U.S. launch in 2017, the Toyota Camry has earned a strong reputation for reliability and fuel efficiency. On the other hand, the latest Honda Accord model hit the market in 2022, appealing to those who value comfort and cutting-edge technology.

Both of these sedans are favorites among mid-size buyers, but their [ownership](https://technosports.co.in/calculating-lifetime-ownership-ford-f150/) expenses can differ quite a bit depending on various factors. This article breaks down the key costs linked to owning a Toyota Camry and a Honda Accord over five years, helping potential buyers make the best choice.

The 2023 [Toyota](https://technosports.co.in/toyota-cars-india/) Camry features a 2.5-liter four-cylinder engine with 203 horsepower. In comparison, the 2023 Honda Accord sports a 1.5-liter turbocharged four-cylinder engine that generates 192 horsepower. The base

Ownership expenses usually cover fuel, maintenance, insurance, and depreciation. For example, fuel costs can shift depending on local gas prices.

![Toyota](https://technosports.co.in/wp-content/uploads/2026/07/Toyossttsac.jpg)

Maintenance costs can fluctuate, but Honda vehicles generally come with lower service costs thanks to their reliability. The Toyota Camry, while also dependable, might carry slightly higher maintenance expenses. Over five years, you can expect maintenance for the Camry to be around $3,500, compared to about $3,200 for the Accord.

Insurance premiums are another important consideration. Rates can change based on where you live, your age, and your driving history. On average, you can expect to pay about $1,200 annually for the Camry’s insurance, while the Accord’s costs are about $1,150. This difference can add up over five years, impacting the overall ownership costs.

Depreciation is crucial to factor in as well. Both cars maintain their value fairly well, but the Camry might depreciate a bit quicker than the Accord. This discrepancy could affect resale value and total [ownership](https://technosports.co.in/toyota-tundra-rivian-evaluating-ownership/) expenses. Typically, after five years, the Toyota Camry retains about 50% of its initial value, whereas the Honda Accord keeps around 53%.

Understanding these details can help clarify the decision between the two models. Currently, the estimated five-year [ownership](https://technosports.co.in/honda-gold-wing-ownership-costs/) cost for the Toyota Camry is about $35,000, while the Honda Accord sits at around $33,000. Buyers looking for a reliable, fuel-efficient sedan might gravitate toward the Camry, while those who prioritize technology and comfort might lean toward the Accord.

As you look ahead, it’s important to weigh these factors against your own preferences and driving habits. Each vehicle brings its own set of advantages that can significantly influence the total cost of ownership. So, doing thorough research and considering your personal needs is key to making the right choice.

For a detailed comparison of ownership costs, check out [Motor Trend](https://www.motortrend.com) for reviews and expert insights.

**The Toyota Camry and Honda Accord both offer solid value, but understanding the total costs of ownership is crucial for making the right choice.**

## FAQs

### What are the main differences in ownership costs between the Camry and Accord?

The Toyota Camry has a higher estimated five-year ownership cost of $35,000 compared to the Honda Accord’s $33,000.

### Which car has better fuel efficiency?

Both models are fuel-efficient, with the Camry averaging around 28-30 mpg and the Accord about 29-31 mpg.

### What factors contribute to ownership costs?

Ownership costs include initial purchase

### Which car retains value better over five years?

The Honda Accord typically retains around 53% of its value after five years, while the Toyota Camry retains about 50%.