Honda’s new HR-V is the most affordable vehicle in Honda’s lineup, and also one of the most fun. It has all the makings of a great second car for young families, with its spacious interior, generous cargo area and comfortable ride quality. Fans of SUVs like the HR-V will also appreciate it’s ample driving space. However there are some things that make it a bit tricky to own as a first time buyer. It’s relatively expensive to own and maintain, even when you include lease rates from leasing companies such as Ally Financial. Furthermore its resale value drops quickly after you drive it off the lot as well. Fortunately there are plenty of ways to lower your expenses and increase your resale value so it doesn’t take long to get your money back on this vehicle..
What is the Honda HR-V?
The Honda HR-V is a mid-size SUV that’s among the most affordable in the company’s lineup. It has all the makings of a great second car for young families, with its spacious interior, generous cargo area and comfortable ride quality. Fans of SUVs like the HR-V will also appreciate it’s ample driving space. However there are some things that make it a bit tricky to own as a first time buyer. It’s relatively expensive to own and maintain, even when you include lease rates from leasing companies such as Ally Financial. Furthermore its resale value drops quickly after you drive it off the lot as well. Fortunately there are plenty of ways to lower your expenses and increase your resale value so it doesn’t take long to get your money back on this vehicle..
Popular models and estimated prices
The HR-V is available in four trims, with the base model starting at $15,795 and the top trim going for $20,795. The most expensive trims are the Touring and the EX-L Navi models, which start at $26,195 and $30,095 respectively. Honda offers leases on this vehicle for prices ranging from $199 per month for 36 months to $219 per month for 60 months.
Honda’s HR-V is a great option as an affordable second car or even as your first auto purchase. However it is important to note that while its resale value drops quickly after you drive it off the lot, there are plenty of ways to lower your expenses by leasing or financing this vehicle so you can get your money back quickly without sacrificing quality.
Specifications
:
The HR-V is a mid-size SUV that seats five passengers and has a spacious interior. It has a four-cylinder engine with variable valve timing, as well as front-wheel drive and all-wheel drive options. The HR-V is also available in hybrid, plug-in hybrid and fully electric versions.
The HR-V offers three driving modes: normal, sport and sport+. Normal mode is the default setting for all but the hybrid version, which defaults to sport mode. In this mode, throttle response increases slightly and the transmission shifts more aggressively than in the other modes. Sport mode lets you shift manually with an additional level of power for improved performance. Sport+ offers even more aggressive shifting with near normal levels of throttle response.
Unlike most SUVs, the HR-V doesn’t have a full 360 degree windshield. Instead it features a “halo ring” around the windshield that allows for better visibility when parking or backing up in tight spaces.
Pros and cons
of the Honda HR-V
The Honda HR-V is a fun and innovative vehicle that provides plenty of space for passengers and cargo. It has a sporty interior with plenty of power, giving you plenty of reasons to get behind the wheel. The downside? It’s relatively expensive to own and maintain, even when you include lease rates from leasing companies such as Ally Financial. Furthermore its resale value drops quickly after you drive it off the lot as well. Fortunately there are plenty of ways to lower your expenses and increase your resale value so it doesn’t take long to get your money back on this vehicle.
Costs to own and maintain
a Honda HR-V
When you drive off the lot in a new Honda HR-V, you can expect to pay a lot up front. It’s not hard to find a lease option that costs $199 per month, but when you add on other expenses such as fees and taxes it can quickly add up. The best way to make sure that your investment pays off is by owning the car for several years. This helps reduce your monthly payments with lower down payments, which means you are getting more of your money back at the end of the lease. What’s more, you’ll be able to sell your Honda HR-V for more than what you initially paid for it if you take good care of it.
Resale value
The Honda HR-V is a great vehicle for young families. However, it can be difficult for first time buyers to afford and maintain. Fortunately, there are ways that you can lower your expenses and increase the resale value of your car so it doesn’t take long to get your money back on this vehicle. Here are some ways to do just that:
1) Lease with an Ally Financial dealership such as Ally Honda.
2) Buy from a dealer with a discount finance program such as Honda Auto Credit Express in Virginia Beach, VA or CarMax in Wilmington, DE.
3) Trade in your current car when buying a new Honda HR-V.
4) Get financing through an online lender like LendingClub or Prosper Marketplace. You can even get as low as an APRs of 2%.
5) Consider buying used Honda HR-Vs (the resale value will be higher).
Conclusion
The Honda HR-V is a compact SUV that offers drivers a lot of versatility and style. It offers drivers a smooth ride and plenty of space for passengers and cargo.
Despite the Honda HR-V’s many perks, it may not be the best fit for your needs. This article provides some information about the Honda HR-V so you can decide if it’s the best option for you.
