UTV Depreciation: Everything You Need To Know

In ATV Setups by Kevin

Buying a UTV isn’t exactly an investment. if fact, it’s not a very good financial decision, just like buying a car. UTVs are considered depreciating assets, which means that they are going to lose value over the long term. I had already made a post about ATV depreciation rates (click here to know more about that)but I didn’t write anything about UTVs in that article.

And so I decided to make a completely new article on UTV depreciation rates. I did my research by looking at several sites selling used UTVs and I tracked their depreciation curves over the years. This will be a useful resource if you are going to be filing your taxes or are just concerned that new UTV you are thinking of buying is going to lose a lot of value on a few years.

I’m going to be using percentages a lot in this article so pay attention to this example: Suppose there is 20% depreciation on a UTV that cost $10,000.  That means it is worth $8,000 now.

NOTE: since this article is pretty long, Please use ctrl + F to find your UTV on this list.

Things You Need To Know:

  1. A New UTV Is A Terrible Financial Decision: Buying a new UTV doesn’t really make much sense financially. this is because they lose the most value over the first few years. there are some UTVs that can lose over 35% in 3 years with moderate use. In other words, if you buy a UTV that’s worth $15,000 when new, you are going to be left with a UTV worth $10,500. And if the UTV has some dents here and there or if it has mechanical issues, then it could be even lower than that.
  2. Get A 3-Year-Old UTV For Best Bang For Your Buck: If you are reading this article and are thinking of buying a side-by-side on the future, then your best choice is getting a 2 to 3-year-old UTV with not many miles and engine hours on it. While in general do not lose as much value as your typical car, they still do lose a fair amount of value over the first few years. You could easily find a 2015 RZR 900 with low miles for under 10 grand if you look well.
  3. Lack of maintenance and thrashing your UTV will destroy its resale value: Other than the year of the UTV, the main factor that makes a UTV lose value is if it was well maintained or not. Doing basic things like timely oil changes, air filter cleanings and suspension upkeep will go a long way of ensuring the machine keeps working the way it should, maintaining its value long term. The same thing could be said about cleaning the machine often and avoiding abusing the machine.
  4. Utility UTVs will hold their value better than their sports counterparts: A new RZR is going to depreciate more than a Ranger. I’m not completely sure why this happens but maybe it could be due to the fact that a Utility UTV is less likely to be mistreated or ridden hard on a trail. These UTVs are generally used for working and so they aren’t revved high every time that the rider hops in. UTVs like the Kawasaki Mule or the Kubota RTV line won’t lose much value over the long term.
  5. Online listings always overprice their UTVs, private sellers are more close to reality: Online listings and dealerships, even the more honest ones, will try to sell you a 2016 used model with a thousand miles for almost the same price as a new model. So it’s important that you be ready to negotiate and bring that price down to the real figures. Private sellers tend to be more close to the real prices though. the price difference between a UTV dealership and dave selling his used ride might be staggering.

Comprehensive List Of UTV Depreciation Rates

Polaris RZR 570

  • 1-Year-Old: A RZR 570 will only lose 10% of its value over 1 year, provided that it doesn’t have an extreme amount of miles.
  • 2-Year-Old: A RZR 570 will lose 21% of its value by this point. RZRs do not depreciate that much, buying a 2-year-old model is what I would personally recommend.
  • 3-Year-Old: This is where it varies a little bit. Depending on the miles, a 3-Year-Old RZR will have lost between 30% and 35% of its value. This is the period where miles and condition start mattering a lot.
  • 4-Year-Old: Depreciation rates tend to slow down by this point. An RZR 570 will have lost between 35% to 40% of its value by now.

Polaris RZR 900

  • 1-Year-Old: The average RZR 900 is going to lose 11% of its value in the first year. However, if the UTV has little to no miles on it, then it’s not uncommon to see sellers price it as if the model is new.
  • 2-Year-Old: A RZR 900 will have lost 20% percent of its value when its 2 years old. Many people will overprice this and many other models when in fact their value is significantly lower than what they suggest.
  • 3-Year-Old: After the 2 years, the RZR 900 doesn’t lose as much value as I expected, losing only 27% of its original value. If you are thinking of buying this, getting a 3-year-old model doesn’t make much sense financially.
  • 4-Year-Old: By this point, the RZR will have lost about 35% of its value, a little bit more or less depending on how much miles it has.

Polaris RZR S 900

  • 1-Year-Old: The Polaris RZR S 900 seems to lose more value than other RZRs in the first year of use, depreciating about 12%
  • 2-Year-Old: The RZR S 900 keeps depreciation harshly, losing about 24% of its value in 2 years. Because of this drop, this isn’t a model you would want if you were thinking of selling after 2 or 3 years.
  • 3-Year-Old: The RZR S 900 Will have lost 33% of its value by this point. The value drop between 2 and 3 years isn’t that bad in my opinion. People that are looking for this model should buy at that point to save as much money as possible.
  • 4-Year-Old: The RZR S 900 depreciation rate stabilizes a bit by now, having lost about 39% of its value by now. 

Polaris RZR S 1000

  • 1-Year-Old: The bigger and more powerful a UTV gets, the steeper the depreciation curve. The 100Hp RZR S 1000 loses about 15% of its value over 1 year. This is best bought used.
  • 2-Year-Old: The RZR S 1000 is going to be worth about 22% less than when new. Because of this, the best time to buy these babies is by around this period.
  • 3-Year-Old: By the time this is 3 years old, it will have lost about 33% of its value. Make sure you do not overpay for this model, there are several dealers selling them at thousands of dollars over their real value.
  • 4-Year-Old: 2015 models are pretty hard to find, but from what I have found they will have lost about 41% of their value.

Polaris RZR XP 1000

  • 1-Year-Old: One of the sickest RZRs ever made, this beast will lose a ton of value over the first year. From the data collected, this will lose about 17% of its value in 1 year. Bigger and faster models are better bought used.
  • 2-Year-Old: Depreciation isn’t as bad for the second year, losing about 24% of this value by this point. Again, as I mentioned above, dealers really overprice these models. make sure you do your due diligence and avoid getting scammed by them.
  • 3-Year-Old: 3-year-old models will have lost about 29% of their value. This would be a good time to get one used.
  • 4-Year-Old: 4-year-old models will have lost about 33% of their value. Depreciation starts settling down about this time. as long as this ride is well maintained, I don’t think it’s going to depreciate too harshly after this time period.

Polaris XP Turbo

  • 1-Year-Old: A turbocharged version of the normal RZR, This beast will lose 15% of its value the first year. many used turbo models will lose this amount, even if they haven’t been used that much.
  • 2-Year-Old: This model will have lost 22% of its value by the time its 2 years old. If you see a turbo model that’s depreciated much more than what I say here, then its probably broken or it has a very high amount of miles.
  • 3-Year-Old: As many models with high horsepower, the XP turbo loses a lot of value at first, but then stabilizes a lot by the time its 3 years old. this ride should have lost about 25% of its value by now. These type of models also tend to get more affected by miles. so the price difference between a low mileage and high mileage model might be significant
  • 4-Year-Old: The XP Turbo will lose between 27% to 31% of its value by now. It will depend a lot on the maintenance done on the machine and the miles on it.

Polaris RZR S4 1000

  • 1-Year-Old: From what I have seen, this family model has okay depreciation rates. It loses about 12% of its value in 1 year. I’m actually thinking of getting this used to ride with my kids.
  • 2-Year-Old: After 2 years, this model will see a depreciation of 20%. These are pretty good numbers, especially if you compare them to the rides above.
  • 3-Year-Old: After 3 years, the S4 will have lost 27% of its value. There are a lot of cheap used S4 models on the market with little miles. It seems that a bunch of families rode together it for a few rides but rarely rode after that. This is perfect for people looking for these models used, as this is a hell of a UTV.
  • 4-Year-Old: After 4 years the S4 is going to be worth 33% less. This will vary a lot depending on the miles and condition of the particular ride in question.

Polaris RZR 170 EFI

  • 1-Year-Old: This kids model is really popular among parents, but there’s something to keep in mind: this model will lose a ton of value the first year. It loses about 15% of its value in 1 year. Thankfully this doesn’t cost that much but still, depreciation is pretty high on this one.
  • 2-Year-Old: This kids model loses a lot of value in the first year, but it’s not so bad by the second one. By this time, It will have lost about 22% of its value. 
  • 3-Year-Old: After 3 years, this model depreciation curve starts being less steep. This will have lost about 27% of its value
  • 4-Year-Old: I couldn’t find many 4-year-old models, but the few ones that I found barely lost any value at this point. it will have lost 30% of its value.

Polaris Ranger 500

  • 1-Year-Old: The Ranger is Polaris utility UTV offering and to my surprise, it depreciates rather harshly. It loses about 20% of its value in one year, and even more if the previous owner put lots of miles on it or if it was thrashed.
  • 2-Year-Old: From what I checked, after the second year the value doesn’t drop as much. It loses 25% of its value by this point. It seems that many UTVs lose a lot of value in the first year, but it stabilizes by the second one.
  • 3-Year-Old: The Ranger 500 keeps depreciating a bit by this period. It will have lost about 32% of its value by its point.
  • 4-Year-Old: By the time the Ranger is 4 years old, it will have lost 38% of its value. As you can see, the Ranger depreciates quite a bit, so this is a good choice for those looking for a used work UTV.

Polaris Ranger 570

  • 1-Year-Old: When it comes to depreciation, the 570 is pretty similar to the Ranger 500 above. This model loses 15% of its value by the time its 1-year-old.
  • 2-Year-Old: After 2 years of using this UTV, it’s going to have depreciated over 24%, And from the information that I gathered, miles don’t affect this model resale value much either.
  • 3-Year-Old: By now, depreciation starts to slow down. this model will have lost 31% of its value by this point.
  • 4-Year-Old: By the time the 570 is 4 years old, it will have lost about 35% of its value. If you are thinking of buying this model, getting a 1 or 2-year-old model will be best for your pocket over the long term.

Polaris Ranger XP 900

  • 1-Year-Old: This do it all model might be super fun but it depreciates harshly, at least the first year. it loses over 20% of its value in the first year. this is best bought used.
  • 2-Year-Old: after the first year, this UTV keeps losing value. by the second year, this will have lost about 29% to depreciation.
  • 3-Year-Old: By the time this is 3 years old, it will have lost 34% of its value. This is similar to what I have seen with other models above.
  • 4-Year-Old: A 4-year-old Ranger XP 900 will have lost approximately 40% of its value. Not a good model for those looking for something that maintains its value.

Polaris Ranger XP 1000

  • 1-Year-Old: The Ranger XP 1000 is a very desirable UTV, but I couldn’t come to a conclusion with regards to its depreciation rate. there are some models that lose about 15% of its value for the first year, and there are some others that will lose about 22% more or less. It seems to be dependent on how many miles the machine has.
  • 2-Year-Old: From what I have researched, Most XP 1000s will have lost about 24% of their value by this point. Most of the models that I checked had over 10,000 miles though, XPs with fewer miles will probably retain more value.
  • 3-Year-Old: By the time this is 3 years old, it will have lost 33% of its value. Pretty run of the mill numbers.
  • 4-Year-Old: This model will have lost 38% of its value by the time its 4 years old. 

Polaris Ranger 150 EFI

  • 1-Year-Old: This is the kid’s version of the Ranger, and it loses about 16% of its value. It loses a lot of value very quickly, just like the RZR above.
  • 2-Year-Old: After 2 years old, this UTV will have lost 23% of its value. Buying this model when its 2 years old is a good idea.
  • 3-Year-Old: The Ranger 150 will have lost 28% by now. This model is very popular with parents looking for a birthday gift for their kids, and demand for this model keeps prices up. Pretty run of the mill numbers.
  • 4-Year-Old: This model will have lost 32% of its value by the time its 4 years old. It doesn’t lose as much value after this.

Honda Pioneer 500

  • 1-Year-Old: The Pioneer is Hondas smallest UTV, and being a Honda, it holds its value really well. It loses just 11% of its value. This and the RZR are one of the UTVs that depreciate the least.
  • 2-Year-Old: The Pioneer will have lost just 17% of its value by now. The resale value of this model seems to be unaffected by high miles or engine hours.
  • 3-Year-Old:  The Pioneer will have lost 22% of its value by now. Honda has one of the best residual values on both the UTV and car industry, so this isn{t unexpected.
  • 4-Year-Old: This UTV will have lost about 25% of its value by now, depending on how much miles it has. but even if it has a lot (over 5000) it will still retain a lot of value.

Honda Pioneer 700

  • 1-Year-Old: The 700 has a bigger engine and cabin than the 500, but when it comes to resale values they are pretty similar. This loses about 12% of its value in 1 year.
  • 2-Year-Old: By the time this is 2 years old, It will have lost about 16% of its value.
  • 3-Year-Old: The Pioneer will have lost about 22% of its value by now.
  • 4-Year-Old: A 2015 model will be worth 27% less by now. it will be more or less depending on how much miles there are in this model.

Honda Pioneer 1000

  • 1-Year-Old: The Pioneer is the Honda model that loses the most value for the first year, losing about 15% of its worth.
  • 2-Year-Old: The Pioneer doesn’t lose as much value by the second year, with only a 18% depreciation noted.
  • 3-Year-Old: The Pioneer 1000 will only lose 25% by the time its 3 years old. 
  • 4-Year-Old: A 2015 model will have depreciated about 30% depending on the miles on the machine.

Honda Talon 1000

  • 1-Year-Old: The Talon is Honda’s sport model, depreciation will be determined by how many miles it has. It loses about 12% of its value in 1 year.
  • 2-Year-Old: The depreciation rate when the Talon is 2 years old will depend a lot on the miles on it, but you can expect it to lose between 17% to 22% of its value by now.
  • 3-Year-Old: The Honda Talon will have lost about 28% of its value by now. 
  • 4-Year-Old: The Talon doesn’t lose as much value from this point and on. This will have lost about 32% of its value by the time its 4 years old.

Can-Am Defender

  • 1-Year-Old: The Defender doesn’t lose much value for the first year, losing about 10% of its worth. 
  • 2-Year-Old: The Defender will have lost about 19% of its value by the second year. This is a pretty good depreciation curve, among the best on the segment.
  • 3-Year-Old: The Defender will have lost about 27% of its value by now. Not bad.
  • 4-Year-Old: By the time this is 4 years old, It will have lost about 33% of its value, depending on the miles.

Can-Am Maverick Trail

  • 1-Year-Old: This is the Polaris RZR main rival, and when it comes to resale values, this loses a little bit more value over time than it, but nothing too dramatic. It loses about 12% of its value for the first year.
  • 2-Year-Old: This will have lost about 23% of its value by the second year. 
  • 3-Year-Old: By the time this is 3 years old, it will have lost 30% of its value. The Maverick has suffered from reliability issues so that might be the reason it depreciates more than the RZR.
  • 4-Year-Old: This will have lost about 36% of its value by the time its 4 years old.

Can-Am Maverick Sport

  • 1-Year-Old: A faster, leaner, and stronger Maverick, this will lose about 12% of its value for the first year.
  • 2-Year-Old: For the second year, this will have lost about 23% of its value. This and the trail trim are pretty similar when it comes to depreciation.
  • 3-Year-Old: This will have lost about 30% of its value by this point.
  • 4-Year-Old: A 2015 model will have lost about 36% of its value by now. 

Can-Am Maverick X3

  • 1-Year-Old: This is one of the Mavericks Can-Am offers, and it loses about 13% of its value by this point. This will significantly vary depending on the miles.
  • 2-Year-Old: A 2-year-old model will lose about 23% of its worth. Most of those models will not have many miles on them though. models with significant amount of miles on them will have lost much more value.
  • 3-Year-Old: A 3-year-old model will have lost about 32% of its value. From what I have researched, this loses a lot of value in a rather short amount of time.
  • 4-Year-Old: This will have lost about 36% of its value by now. 

Can-Am Commander

  • 1-Year-Old: The Commander is a sport utility side by side that can do it all, and it loses about 12% of its value by the time its 1-year-old. Not bad.
  • 2-Year-Old: From what I have checked, this will have lost about 22% of its value. Most of these Commanders have a lot of miles in them, models with less mileage will be more expensive obviously.
  • 3-Year-Old: A 3-year-old model will have lost about 29% of its value.
  • 4-Year-Old: A 4-year-old Commander will be worth 33% less than when new. Pretty good resale values.

Yamaha Wolverine

  • 1-Year-Old: This is Yamaha Sport utility UTV, and it seems to hold its value rather well. it loses about 11% of its value in 1 year.
  • 2-Year-Old: For the 2nd year, this will have lost about 22% of its value. pretty similar to the RZR and the Maverick.
  • 3-Year-Old: After 3 years, this will have lost about 30% of its value. 
  • 4-Year-Old: After 4 years, this will have lost approximately 35% of its worth.

Yamaha Wolverine X4

  • 1-Year-Old: The Wolverine X4 is just a juiced up Wolverine with a more capable engine and more space, but other than that, the resale value stays more or less the same. This loses 13% of its value in 1 year 
  • 2-Year-Old: For the second year, this loses 24% of its value
  • 3-Year-Old: This will have lost about 31% of its value by now. Again just like the family models above, there are numerous used X4s that have very little miles, making a 2016 model a great buy
  • 4-Year-Old: This will have lost about 35% of its value by now. 

Yamaha Viking

  • 1-Year-Old: The Viking is Yamaha’s utility offering, and it doesn’t depreciate much, even with a lot of miles. This will lose about 10% of its value in 1 year. 
  • 2-Year-Old: This will have lost about 21% of its value by now. how many miles this has doesn’t seem to affect the residual value.
  • 3-Year-Old: This UTV will be worth 27% less by the time 3 years have passed. I personally would buy this new since it hardly loses value.
  • 4-Year-Old: By the time this is 4 years old, it will have lost about 32% of its value, depending on the condition and mileage.

Yamaha Viking VI

  • 1-Year-Old:  This is the same Viking as above, but with space for the whole family or whoever is going to go there. anyways, this loses about 12% of its value by now. 
  • 2-Year-Old: This will have lost 20% of its value by now.
  • 3-Year-Old: by the time this is 3 years old, this will have lost 29% of its value. Again, like the family models above, there are a lot of used Viking VI models that are pretty much new. 
  • 4-Year-Old: By the time this is 4 years old, this will have lost about 35% of its value.

Yamaha YXZ1000R

  • 1-Year-Old: This is Yamaha’s pure sport UTV, even more hardcore than the RZR. It will only lose 10% of its value by the first year.
  • 2-Year-Old: This will have lost 20% of its value by the second year. pretty similar to other sport UTVs.
  • 3-Year-Old: The YXZ will have lost 29% of its value by now.
  • 4-Year-Old: This will have lost about 36% of its value. it might be more or less depending on the miles.

Kawasaki Mule SX

  • 1-Year-Old: The Kawasaki Mule is a very popular UTV because it’s so dependable and utilitarian, but also, it has a great resale value. This only loses 8% of its value for the first year.
  • 2-Year-Old: This will have only lost 15% of its value by this period. This is one of the few models where buying new is better than buying used.
  • 3-Year-Old: a 3-year-old Mule will have lost about 21% of its value, depending on the condition and mileage.
  • 4-Year-Old: a 4-year-old mule will have lost about 26% of its value.

Kawasaki Mule 4000/4010

  • 1-Year-Old: The Mule 4000 is slightly more expensive than the SX above, but the depreciation is pretty similar. This loses 10% of its value by the first year.
  • 2-Year-Old: By the second year this will have lost about 18% of its value. again, this is best bought new.
  • 3-Year-Old: By the 3rd year, this will have lost about 25% of its worth. 
  • 4-Year-Old: By the 4th year, this will have lost about 33% of its value, and some model will lose even less than that if they have low miles.

Kawasaki Teryx

  • 1-Year-Old: This is Kawasaki’s sport utility model, and it’s resale value is okay. It loses about 12 of its value by the first year.
  • 2-Year-Old: This loses 21% of its value for the second year. Models with high mileage tend told their value rather well too.
  • 3-Year-Old: This will have lost about 30% of its worth by now. the Teryx is a good choice for people looking for a used sport utility side by side.
  • 4-Year-Old: I almost couldn’t find data for 2015 Teryx, but they seem to lose about 34% of their value by now.

Kubota RTV

  • 1-Year-Old: The Kubota is a very popular brand with farmers, but they aren’t very common among enthusiasts though. I had a hard time looking for depreciation numbers of most of their models, but from what I checked, they lose about 9% of their value for the first year.

John Deere 825i

  • 1-Year-Old: This utility side by side is very popular for people looking for a workhorse. it has pretty average depreciation numbers. this loses 12% of its value by the first year. 
  • 2-Year-Old: This UTV loses about 21% of its value by 2 years. From what I have checked, most of these models have a lot of miles on them, models with less mileage on them will probably cost much more.
  • 3-Year-Old: This will have lost about 29% of its value by the times this is 3 years old. 
  • 4-Year-Old: By the time this is 4 years old, this will have lost approximately 35% of its value.