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2001 - 2006 Honda CR-Vs

16152 messages,  Last post on Nov 23, 2009 at 9:50 AM

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What is this discussion about? Honda CR-V, SUV


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#16113 of 16152
2002 CR V Time to Trade it in? by accord1942
Oct 31, 2009 (7:00 am)
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My 2002 Honda EX CR V has 90,000 miles on it. I bought it new and has been a great trouble free car. It has been garaged in Florida, so other then a few paint chips form some of the long distance trips I have taken it on: two times to Utah and Montana and some other long trips to the upper midwest and east coast, the car looks good and the engine purrs smoothly. I am a trying to decide if I should trade it in on a new Cr V or perhaps a Toyota Rav 4. Think the 2002 is maybe worth $7,500 on a trade in. Plan on another trip out west next summer. Is this car OK to make the trip again or should I trade her in and enjoy a new car. Some say I should just drive it till the wheels fall off. Would like to hear what others should do. My other car is a 2005 Accord EX with 37,00o miles on it.
#16114 of 16152
Re: 2002 CR V Time to Trade it in? [accord1942] by berri
Nov 01, 2009 (12:57 pm)
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Replying to: accord1942 (Oct 31, 2009 7:00 am)

New cars are pretty expensive in comparison. However, if you keep the 02 CRV you may want to put aside 3 grand or so for the AC system. If it were me, I'd be inclined to dump the 02 before the AC goes because the $7500 trade you've been quoted will be reduced to a net of $4000 or so if the AC blows up on it and you live in a hot climate which runs the AC alot.
#16115 of 16152
Re: 2002 CR V Time to Trade it in? [accord1942] by jimbres
Nov 01, 2009 (4:29 pm)
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Replying to: accord1942 (Oct 31, 2009 7:00 am)

Keep it. For at least the next couple of years, your repair costs will almost certainly be less than what you'd lose in depreciation if you bought a new car. For example, a new $25K car will be worth at least $5K less by its 1st birthday, while your car's value will go down by only a few hundred dollars over the next year. So even if you have to spend $3K on repairs during that time, which is not very likely, you'll still be money ahead of where you would be if you replaced your CR-V.
 
Most people tend to overestimate repair costs & underestimate depreciation expense when they're doing car ownership math.
 
One more thing. Don't trade your CR-V in when you decide to buy a new car. Sell it privately. You'll be surprised by how quickly your car sells & how much you get for it. Having sold a nearly 12-year-old Accord that wasn't much to look at in just one day, I'm speaking from personal experience. Used Hondas & Toyotas can bring stupid money.
#16116 of 16152
Re: 2002 CR V Time to Trade it in? [jimbres] by berri
Nov 01, 2009 (7:02 pm)
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Replying to: jimbres (Nov 01, 2009 4:29 pm)

I generally agree with what you are saying Except the $3500 AC repair is on top of depreciation and even Honda loving Consumer Reports give these things a black dot for AC. If their Honda blows the AC tomorrow, that's an instant out of pocket loss of $3500 and in Florida you can't really live without the AC unfortunately! Further, when you read the blogs it looks like the AC repair doesn't hold up long term either.
#16117 of 16152
Re: 2002 CR V Time to Trade it in? [berri] by jimbres
Nov 02, 2009 (5:04 am)
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Replying to: berri (Nov 01, 2009 7:02 pm)

According to Consumer Report's website, to which I subscribe, reliability of the '02 CR-V's climate system is average. (CR's data suggest that 2004 was the worst year for CR-V A/C problems.)
 
Moreover, the '02 CR-V is among the used cars that CR recommends in the $8K to $10K price range.
 
If it were my car, I might consider selling it (certainly not trading it in) & buying a new one - but not out of fear of high repair costs. The best reasons for getting rid of it are safety-related. The '02 lacks stability control & curtain air bags, both of which are critically important safety features.
#16118 of 16152
Re: 2002 CR V Time to Trade it in? [jimbres] by accord1942
Nov 03, 2009 (7:09 am)
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Replying to: jimbres (Nov 02, 2009 5:04 am)

I want to thank all you who replied to my question. I think I got good advise from all of you. I am inclined to get a new CR V or Rav 4. Both are good cars. Oh God, another decision.
#16119 of 16152
Re: 2002 CR V Time to Trade it in? [jimbres] by ateixeira
Nov 05, 2009 (8:45 am)
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Replying to: jimbres (Nov 02, 2009 5:04 am)

Plus the owner isn't reporting any signs of A/C system issues.
#16120 of 16152
Re: 2002 CR V Time to Trade it in? [ateixeira] by berri
Nov 05, 2009 (9:29 am)
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Replying to: ateixeira (Nov 05, 2009 8:45 am)

I think it comes on quickly without warning, boom - its over, so its a crapshot owning it.
#16121 of 16152
Re: 2002 CR V Time to Trade it in? [berri] by ateixeira
Nov 05, 2009 (10:21 am)
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Replying to: berri (Nov 05, 2009 9:29 am)

Well you're an optimist!
 
What % of them fail?
 
I had a 93 Miata and sold it this year, in some ways I still regret selling it.
#16122 of 16152
Re: 2002 CR V Time to Trade it in? [berri] by jimbres
Nov 05, 2009 (5:08 pm)
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Replying to: berri (Nov 05, 2009 9:29 am)

I've been buying new & used cars since the early 1970s, & I've learned 2 things along the way.
 
First, while some cars are more reliable than others, every car has its weak spot, No car is bulletproof. In other words, all cars, without exception, are crapshoots. If you want a sure thing, walk or take the bus.
 
Second, if you habitually get rid of perfectly good cars because you're afraid that something expensive might fail tomorrow, or next week, or next year, then you will certainly go broke some day. It is almost always cheaper to fix what you own than it is to replace it. Yes, there are exceptions to this rule, but not enough to keep frequent buyers from impoverishing themselves, as they usually do.

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