The market is abundant with pre-owned cars, and a significant portion of them share striking similarities with their brand-new counterparts. Take, for instance, a gently used Honda Civic CR-V; it often resembles nearly all the features of a fresh model, but at a typically more affordable price point. Opting for a used Honda vehicle comes with numerous advantages, which we’ll discuss further.
The Benefits of Buying a Used Honda
1. Proven Reliability
Honda vehicles are among the top scoring cars on reliability surveys carried out with US consumers year after year. According to data from Consumer Reports, US drivers cited Honda as one of the top five most reliable car brands in the United States from 2019 to 2022.
2. Lower Costs
The older the car, the less it will cost. This is a general rule you can assume stands true for pretty much any used Honda vehicle. With some Honda vehicles, you can save as little as a couple thousand dollars to as much as around $10,000 on a new versus a used vehicle, depending on the model, year, and specs.
3. Resale Value
Honda vehicles are among the highest valued cars on the market. Honda vehicles made in 2018 or after still have around 83% of their original value. The residual value of 2018-2022 Honda vehicles hasn’t gone down more than 5% year by year.
Before 2018, residual value went down just a little over 10% year by year, which is still very impressive. When it’s time to sell or trade in your used Honda Civic in Greenville, there’s a great chance it’ll still have a lot of resale value based on value and depreciation statistics from over the years.
4. No Wait Times
When seeking a new Honda vehicle, you may need to wait a few months before you get it. With Honda Civic factory orders in 2023, the typical wait time was 2 to 4 months early in the year as well as in late 2022, and wait times varied throughout the year.
Discovering the ideal older Honda that fits your requirements can be a daunting task. Reach out to Fred Anderson Honda, and our sales professionals will assist you in locating the perfect, budget-friendly vehicle for your needs, whether it’s a pre-owned Honda like the used Honda Civic CR-V in Greenville or a Honda Civic in Greenville. Give us a call today or simply visit our dealership.
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