HONDA CR-V

Compact SUV, under $23,000

Honda CR-V

The Compact SUV, under $23,000 segment could be called the “Family Feud”, with the Honda CR-V and the Honda Element going head-to-head after outperforming nine other models in this popular segment. Although the Element we measured the Element as an Excellent value, it wasn’t enough to unseat the CR-V, which takes Vincentric’s Best Value in America™ award for the third year in a row in this segment.
 
2007 Honda CR-V EX 4D Utility 2WD*
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation:  $3,678 $1,758 $1,538 $1,318 $1,208 $9,500
Fees & Taxes : 1339 90 96 82 90 $1,697
Finance:  1315 1060 786 493 179 $3,833
Fuel:  1482 1535 1589 1646 1704 $7,956
Insurance:  1344 1351 1358 1364 1371 $6,788
Maintenance:  59 241 129 1473 59 $1,961
Opportunity Cost: 364 585 802 1104 1372 $4,227
Repairs:  0 0 158 264 264 $686
Total $9,582 $6,618 $6,456 $7,744 $6,247 $36,648
*The data displayed here is for the specific model and trim identified.  The award is based on an average of all trims combined as of January, 2007.

 

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