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2005 Honda Element
Invoice: $16,125 - $19,331
Miles Per Gallon
City: 21 MPG
Highway: 24 MPG - 25 MPG
Body Style: N/A
Engines: 2.4L I-4 160 HP
The Honda Element is the versatile box of motor vehicles, combining unique and practical features with a kind of military/utilitarian chic. Honda says the Element was designed specifically for young adventurers who need to haul wet or messy gear, like you can in a pickup, but with the security of an enclosed cargo area, like an SUV's, plus car-like performance and economy. Element provides all that. And it appeals to a much larger audience than just young men. Element's durable, scratch-resistant interior is a big part of its charm. Its seats are designed to get wet. Inside and out, it looks like a little truck. But it's 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. Honda has made few changes since then. The 2005 models come with more standard equipment, including side-impact airbags for the top-of-the-line EX models.
Purchasing an older vehicle, such as the 2005 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 2005 Honda Element for less money than when it was new. If the 2005 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 2005 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 2005 Honda Element will have a good resale value. This assumes that the 2005 Honda Element is in good condition and has a reasonable number of miles.
Find a used 2005 Honda Element for sale at CarsDirect.
