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2003 Honda CR-V
Invoice: $17,463 - $19,953
Miles Per Gallon
City: 21 MPG - 23 MPG
Highway: 25 MPG - 28 MPG
Body Style: N/A
Engines: 2.4L I-4 160 HP
The Honda CR-V is roomy and convenient and easy to drive. You can put lots of stuff in it and the back seats are roomy and comfortable. It rides nice and smoothing, without the jouncy harshness of most SUVs. It's surprisingly maneuverable in tight quarters and handles well on winding roads. The CR-V has grown up. Literally: Last year, a new model was launched that was larger, roomier, and more powerful than the first-generation model, and the new CR-V reclaimed its leading position in the compact sport-utility race. Along with the Toyota RAV4, the CR-V was one of the original cute-utes: Not quite a sport-utility, but more than a car, offering an upright seating position, all-wheel drive and decent cargo space. Since it was built on a car platform (the Honda Civic), its highway-friendly ride and handling made it drive more like a car. This combination attracted buyers who needed a minivan, but wanted something smaller and more maneuverable, and something that didn't look like a minivan. That was in mid-1997. Since then the field has become crowded with competitors, including the Ford Escape, Mazda Tribute, and Hyundai Santa Fe. The Chevrolet Tracker and Suzuki Vitara offered more truck-like engineering for better off-road capability. Land Rover introduced its luxurious and highly capable Freelander, while Jeep launched its highly capable and slightly larger Liberty. With the 2002 model, however, the CR-V got back in the hunt. It still isn't any good off-road, but it's quite competent on the highways and byways where most of these vehicles are driven most of the time. The Honda bests many of its immediate competitors in both qualitative and quantitative measures, while trailing in a few minor areas. For 2003, Honda has added coat hooks in the rear compartment and enlarged the front storage console to better accommodate cassettes and CDs. Otherwise the CR-V remains unchanged.
Purchasing an older vehicle, such as the 2003 Honda CR-V, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2003 Honda CR-V for less money than when it was new. If the 2003 Honda CR-V was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2003 Honda CR-V is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2003 Honda CR-V will have a very good resale value. This assumes that the 2003 Honda CR-V is in good condition and has a reasonable number of miles.
Find a used 2003 Honda CR-V for sale at CarsDirect.
