Drove a 2012 CR-V today

[Hokiefyd]

I do think it's unfortunate that the 2nd row doesn't recline/slide anymore. I guess that's the price to pay for the easy foldability. I thought the headroom was at least as good as it is in my model. In fact, I think the sunroof takes less room out of the headliner in the new model than it does on ours. The rear cargo area has more room than in the '11 model I believe. It doesn't have the cargo shelf anymore. I must admit...I do use that cargo shelf often.

If you like the 3rd generation better, maybe a lightly-used CPO will be a good fit for you.

 

[JHZR2]

I dont buy used cars, honda is the worst used car value on the market.

I definitely fit better in our friend's last gen than I did in the 12.

I also think that the cargo area is notched in differently. Still lots of space, but it didnt srike me as anything different than an equinox or whatnot. Before it really seemed biggest when looking at it.

Oh well.

 

[SLCraig]

Originally Posted By: JHZR2
I dont buy used cars, honda is the worst used car value on the market.


The main reason I bought a Honda is because of the used car resale value. When buying used though, I strongly advise against Honda because they are so overpriced. That's why I bought mine new. It will hold it's value well, moving forward.

 

[Hokiefyd]

I bought my '08 used. It had 45k miles on it and I paid about $20k for it (sticker new was $30k). That's a 30% depreciation for a car just 3 years old with 15k miles/year. And it's Certified, so I have a warranty out to 7 years/100k miles, which is longer than the new car warranty.

I'm happy to save $10,000.

 

[charbaby]

Originally Posted By: JHZR2
I dont buy used cars, honda is the worst used car value on the market.

I definitely fit better in our friend's last gen than I did in the 12.

I also think that the cargo area is notched in differently. Still lots of space, but it didnt srike me as anything different than an equinox or whatnot. Before it really seemed biggest when looking at it.

Oh well.


Yes, I agree that due to Honda's high resale value(amongst the industries highest), they make a terrable used/preowned value. Each time I went searching for a used car, Honda's were the highest in their class causing me to look elsewhere. And too, causing me to buy a new Honda instead of a preowned Honda.

If you think about it, a used(2-3 year old Honda) and a used car loan compared to a new Honda and a lower % new car loan. You can get a brand new Honda at or near the used car cost, when financing.

 

[Hokiefyd]

Originally Posted By: Char Baby
If you think about it, a used(2-3 year old Honda) and a used car loan compared to a new Honda and a lower % new car loan. You can get a brand new Honda at or near the used car cost, when financing.


You really can't. I bought my CR-V at 3.9%/60 months, and I'm paying a total of $3,900 in interest. So my $20,000 purchase is really a $23,900 purchase.

What's a new one go for? I might could talk them down to $28,000 on a comparably-equipped new one. Even at 0%, even at 0%, I'm still $4,100 to the good with mine over a new one.

I can do a lot of things with $4,100.

 

[JHZR2]

Originally Posted By: Hokiefyd
Originally Posted By: Char Baby
If you think about it, a used(2-3 year old Honda) and a used car loan compared to a new Honda and a lower % new car loan. You can get a brand new Honda at or near the used car cost, when financing.


You really can't. I bought my CR-V at 3.9%/60 months, and I'm paying a total of $3,900 in interest. So my $20,000 purchase is really a $23,900 purchase.

What's a new one go for? I might could talk them down to $28,000 on a comparably-equipped new one. Even at 0%, even at 0%, I'm still $4,100 to the good with mine over a new one.

I can do a lot of things with $4,100.


Yes but you bought a car with 1/3 of its life gone (half it's life before significant pm is needed), to save $4100 on a car worth $28k.

 

[Hokiefyd]

Your point is taken: some life is gone from the car when buying used. But still, significant PM? Spark plugs...maybe. Again, $4,100 buys a lot of that kind of stuff. Not much goes on in the first 50k miles...heck, much of that is under warranty anyway. So the $4,100 that I didn't spend will go towards buying the same spark plugs and other PM that I'd still have to do if I bought the car new...

If you plan to keep the car for a LONG time, you're going to do the same PM regardless, whether you buy it new or used. It's not a horrible thing to save thousands up front.

If you prefer to buy new, that's cool, buy new. And if that's not a CR-V, that's cool too; I don't benefit either way (I'm not a Honda shareholder).

 

[Hokiefyd]

I used 0% before to make a point. But really, when's the last time you've seen 0% financing from Honda? It's often more like 1.9%. If a new car loan is 1.9%, the $28,000 purchase is really a $30,660 purchase, and my $23,900 purchase represents a savings of $6,760.

I won't argue that a new Honda isn't a great value: it is. But I'm not sure a used Honda necessarily or categorically qualifies as a bad value either. Different strokes for different folks I guess.

Cheers all.

 

[charbaby]

Originally Posted By: Hokiefyd
Originally Posted By: Char Baby
If you think about it, a used(2-3 year old Honda) and a used car loan compared to a new Honda and a lower % new car loan. You can get a brand new Honda at or near the used car cost, when financing.


You really can't. I bought my CR-V at 3.9%/60 months, and I'm paying a total of $3,900 in interest. So my $20,000 purchase is really a $23,900 purchase.

What's a new one go for? I might could talk them down to $28,000 on a comparably-equipped new one. Even at 0%, even at 0%, I'm still $4,100 to the good with mine over a new one.

I can do a lot of things with $4,100.


I guess it all depend on the area of the country one lives in, the going market at that time, their personal credit history etc. I do know folks that have done poorly when buying used vehicle(Honda's or otherwise) compared to someone else who bought a brand new equivolent(give or take an option).

Pre-owned Honda's(from a dealer) in my area are rediculous! Private owner sales and shopping for your own loan is always a different story.

To me, used BUICK's are the real deal on the pre-owned market. Great car's, not so great resale value(in my area)

 

[JHZR2]

Originally Posted By: Hokiefyd
Your point is taken: some life is gone from the car when buying used. But still, significant PM? Spark plugs...maybe. Again, $4,100 buys a lot of that kind of stuff. Not much goes on in the first 50k miles...heck, much of that is under warranty anyway. So the $4,100 that I didn't spend will go towards buying the same spark plugs and other PM that I'd still have to do if I bought the car new...

If you plan to keep the car for a LONG time, you're going to do the same PM regardless, whether you buy it new or used. It's not a horrible thing to save thousands up front.



Coolant? ATF? Diff fluids? Brake fluid? timing belt? Accessory belt? likely pads and rotors by then? Battery? At some point perhaps some AC equipment, alternator, etc.? You started 50k closer to the point when all that stuff will need to be done.

If you keep a car a LONG time, yes, all that will be done. But, starting at 50k means that youre 50k closer to needing to do it. I typically get 70-100k out of a set of tires and brakes. Buying a car at 50k means that I can only amortize the work on that (as an example, but it applies to everything) over 50k versus 100k of use.

Drives the per mile cost of use way up.

 

[Hokiefyd]

Originally Posted By: JHZR2
Coolant? ATF? Diff fluids? Brake fluid? timing belt? Accessory belt? likely pads and rotors by then? Battery?


All of the fluids will have been changed long before 100k miles. The coolant has 4 years on it, so it'll be changed before 100k miles also. There is no timing belt on this engine (chain). The accessory belt might need changing by then, I don't know. That's a $20 part. Battery's already been done.

Originally Posted By: JHZR2
If you keep a car a LONG time, yes, all that will be done. But, starting at 50k means that youre 50k closer to needing to do it.


Yes, this is true. No argument there. But none of that comes close to the money saved up front. I could do everything on your list for $2,000 easy, including struts and shocks. I still have at least $2,000-4,000 in the bank after that (depending on whatever rate you choose to use for the new car loan).

You can argue that the operating cost/mile may go up buying used but you have a $4,000-6,000 savings to subsidize that.

In the end, SOMEBODY has to pay for depreciation on the new car. The rate of depreciation is highest in the first few years of ownership, and Hondas are no exception to that. Hondas have a low depreciation, but I don't think it's quite as low as some make it out to be.

Again, I'm not trying to talk you into a used car. Everyone's situation is different, and different people will get the best value for them doing it some ways vs. others.