Originally Posted By: Phishin
Originally Posted By: FutureDoc
The only reason for not going with a used Honda is that the "used" value just is not there as demand drive the cost up more than what a used car should be (in my opinion). There are better deals and I would go new over used with any Honda for as long as it is 5 years old or younger. The other thing is that the mid-sized new market is so competitive right now, you should be able to find a decent deal.
I disagree. Last summer, I purchased a 2010 CPO Honda Accord LX with 33k on the odometer. I paid $14,000 for it. That car was $19-20k new. I'll take my $5k in savings for a car that's hardly broken in, with a 7 year, 100k mile Honda Care bumper-to-bumper warranty thrown in for an extra $650.
Yeah, the used car values are higher than ever, but there are still deals to be found. Buying new is still throwing away a lot of $$$$$$, unless you drive it for 10 years.
+1 I bought my kid a 2009 CPO Civic 3 years ago for 12k. Just paid it off. It runs great and she still has 2 years and 20,000 miles of warranty to go. The car averages 33mpg. BTW, it will get handed down to the youngest to take to College in 2 more years and drive for 4 more years. That is a lot of service for $12k (unless it gets totalled). You can't beat the Honda and Toyota CPO program. JMHO