If you are looking to buy an almost-new Compact SUV/Crossover, Vincentric says the Honda CR-V is the best buy for shoppers. Honda’s CR-V earned top honors in the Compact SUV/Crossover category in the 2020 Vincentric Best CPO Value in America awards. What does it mean for consumers?
According to Vincentric, the Honda CR-V compact SUV is best in class and has the lowest expected ownership costs given its market segment and price. Why should I buy a used Certified Pre-Owned model versus new?
The CR-V Best Compact SUV/Crossover award shows consumers which vehicle offers the best value if you are looking to buy a Certified Pre-Owned (CPO) model versus a new model. You can save thousands of dollars, and still get a good vehicle that will last for years, and it comes with a full warranty for peace of mind.
What is a Honda True CPO?
Honda offers you two CPO options. For 2014-2020 vehicles Honda offers a 7 year/100,000 mile powertrain warranty. For vehicles purchased within the new vehicle limited warranty period, Honda extends it to 4 years/48,000 miles. For vehicles purchased after the new vehicle limited warranty has expired, Honda offers the Certified Vehicle Limited Warranty of 1 year/12,000 miles from the delivery date.
For 2018-2020 model year vehicles, the Honda True Certified+ gives you 7 years/100,000 miles powertrain warranty and for vehicles purchased within the New Vehicle Limited Warranty period, it comes with 5 years/86,000 miles for the non-powertrain warranty.
What does it mean for shoppers?
If you buy a Certified Pre-Owned Honda CR-V, you’ll get a vehicle with the lowest depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs over other small SUVs. Vincentric evaluated the CR-V in all 50 states plus Washington DC, with the assumption that the vehicle would be driven 15,000 miles annually over five years.
Honda won the Best Passenger Car Brand honor last year, but Subaru takes the award away from the Japanese automaker this year. Vincentric says it “shows consumers which models provide the best value for their money in a variety of segments.”
Compact SUV/Crossover shoppers have a lot of choices between the Subaru Forester, Toyota RAV4, Ford Escape, and Mazda CX-5, and you can save money by buying a CPO vehicle versus new. The Honda CR-V scores best-in-class and is your best choice if you are looking to buy an almost-new compact SUV.
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