Last post on Nov 22, 2011 at 2:06 PM
You are in the Honda CR-V
What is this discussion about?
Honda CR-V, Ford Escape, Car Safety, Fuel Efficiency (MPG), SUV
Nov 08, 2002 (7:06 am)
I bought a 98 CRV in 1998 (new) for $19,000. I put 68,000 miles on it and in November 2001, 3 years later, I traded it in and received $14,000 for it!
That is a $5,000 loss over 3 years and 68,000 miles! That IS my experience.
I am not talking about an Accord I am talking about my CRV. Although, my friend who had a 4 cyl Accord EX received a great deal for his last spring when he traded it in for a 99 CRV.
These two examples are Honda dealers and that may be why they are willing to pay more for them because they know that people will be looking for used Hondas. If you brought yours to a Ford dealer then I can see why they wouldn't want to offer you a lot.
Nov 08, 2002 (10:41 am)
Scape - Now try the same thing with a Taurus.
Nov 08, 2002 (4:28 pm)
LOL...heck, do it with a Focus.
#2480 of 8533 My 2001 CR-V EX
Nov 08, 2002 (5:27 pm)
Paid $20,820 for it in Nov. 2000, just traded it in on my Miata in August 2002 for $17,500. That's $3,320 depreciation in nearly 2 years and 24,000 miles.
I think that the CR-V will have a higher trade-in value than an Accord, in terms of rate of depreciation, for the simple fact that there are waaay more Accords (especially LXs) than there are CR-V's. Likewise, I'm sure the Escape has a lower rate of depreciation than a Taurus or an Explorer.
Nov 08, 2002 (8:28 pm)
$14,000 for a 1998 CR-V with 68000 miles?
$17,500 for a 2001 CR_V with 24000 miles?
Nov 08, 2002 (8:36 pm)
When I was looking for a used car, I wanted to buy a Civic. Dealer wanted ~$10,000 for a 3 yr old Civic whereas a brand new one was ~$14,000. Needless to say, I bought new.
#2483 of 8533 Talked with my
Nov 09, 2002 (7:41 am)
Manager friend who runs a Honda dealership and asked about these claims of 14,000 for a 98 CRV with 68,000 miles and 17,500 for an 01 with 24K miles. His response was " they made it up some other way, either financing, or in the sale of the new car".
Nov 09, 2002 (7:50 am)
I paid MSRP for the 2002 CRV on the trade. I got 5.34% financing.
#2485 of 8533 CRV vs Escape
Nov 09, 2002 (3:06 pm)
As a employee of a company that participates in the Ford X plan (Mazda S plan), I was assuming that I could get a better deal on the Tribute than with other vehicles such as the Honda CRV. I was shocked by the amount of money that the Mazda and Ford dealers were willing to accept for my trade (98 Jeep Cherokee Sport with many extras ($5100). $5200 at a Ford dealer). We left both dealers with no plans to purchase an Escape/Tribute. We liked the way the Tribute/ Escape handled with the exception of how the transmission upshifted and seemed never to be satified with the gear it was in. This morning we got a price on a 2003 Honda CRV 4wd LX ($20000) and $7100 trade for our Cherokee with 77k. We drove the CRV and really enjoyed the way it handled, The transmission shifted much smoother than the Tribute and overall the CRV seemed more pleasant to drive. If we would have purchased the Tribute LX 4wd (no extras) we would have paid over $2500 over the deal we got on the CRV. I guess you can tell which vehicle we purchased
#2486 of 8533 on coming of age
Nov 09, 2002 (3:55 pm)
I think there are far better ways of expressing skepticism - let's use them!