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2004 Honda Element
Invoice: $14,880 - $18,754
Miles Per Gallon
City: 21 MPG
Highway: 24 MPG - 26 MPG
Body Style: N/A
Engines: 2.4L I-4 160 HP
Honda went out on a limb with the Element. Normally a conservative company, it designed a unique vehicle, both in appearance and packaging. The Element is sort of military/utilitarian chic. Honda says Element was designed specifically for young male buyers who need a truck to haul their stuff, but want the security of an enclosed cargo area with car-like performance and economy. As it turns out, the Element appeals to a much larger audience than young men. Element features a plain, durable, scratch-resistant interior, and that's a big part of its charm. Its seats are designed to get wet. It looks like a little truck, but is built with components from the Honda Civic so it drives more like a car than a truck-based SUV. The Element was all-new for 2003 and returns for 2004 with minor changes. Most significantly, there's now a mid-range LX trim level between the plain DX and the premium EX; meanwhile the EX comes with more standard equipment than before.
Purchasing an older vehicle, such as the 2004 Honda Element, 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 2004 Honda Element for less money than when it was new. If the 2004 Honda Element 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 2004 Honda Element 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 2004 Honda Element will have a good resale value. This assumes that the 2004 Honda Element is in good condition and has a reasonable number of miles.
Find a used 2004 Honda Element for sale at CarsDirect.
