Honda CRV [continued]

**bert1223** · July 25th, 2016 12:41 PM

Originally Posted by MD888

With regard to buying the current generation, that is really up to you. You can think of it this way; the last version of any generation should be the most reliable, and that brand new launches tend to have issues that they will eventually fix out as time goes by. If you already want an already proven and reliable car, get the current generation. I mean, if the current one already fits your needs (and maybe even wants), there is no need to wait. However, if you highly value having the newest version and the latest technology in a CR-V, get the next generation. But be prepared to experience possible minor issues that may come up.
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That's an interesting way of looking at it. I'm also thinking new models would come out with higher prices too... This makes me more open to buying current models.

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**jut703** · July 25th, 2016 10:12 AM

Originally Posted by bert1223

Hi, thinking of buying a CRV, but I heard that they might be coming out with all new models next year since it's already been announced in the US. Is this true?

Regardless of the next model, do you think it's currently worth buying given cash discounts?

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How long are you willing to wait? It's quite unlikely that a new CRV will be out within 2016. Not even the US has it yet. They don't offer large discounts for the current CRV because the new one isn't arriving anytime soon to our shores.

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**bert1223** · July 25th, 2016 12:43 PM

Originally Posted by jut703

How long are you willing to wait? It's quite unlikely that a new CRV will be out within 2016. Not even the US has it yet. They don't offer large discounts for the current CRV because the new one isn't arriving anytime soon to our shores.

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Hmm, hoping to buy a replacement for my current car in the next few weeks, I'm also a bit concerned with possible changes to color coding and car plate policies that might adversely affect my capability to choose plate ending. So, while special plates are still available, I want to purchase the car already.

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**MD888** · July 25th, 2016 02:04 PM

Originally Posted by bert1223

Hmm, hoping to buy a replacement for my current car in the next few weeks, I'm also a bit concerned with possible changes to color coding and car plate policies that might adversely affect my capability to choose plate ending. So, while special plates are still available, I want to purchase the car already.

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In that case, you might as well go for it. You can never go wrong with a Honda CR-V anyway. It is as practical as it gets in its class. Just go easy on the gas and you can surely get decent fuel consumption.

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**bert1223** · July 25th, 2016 03:23 PM

Thank you sir. I think I might just push through with it.

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**dairyman1983** · August 3rd, 2016 10:41 PM

Hi! First time buyer of a car. Just a quick question regarding buying (I know you heard this question a lot of times). Which is better for your hard earned cash, to buy a new CRV 2.0S 2016 or an older CRV model (2011-2015). Right now I dont want to pay for the whole price of the car but my budget can go up to 600K. I might sell the brand new CRV after 8 yrs and for the 2nd hand after 5 yrs. Which will be the best option of the two? Depreciation and resale value.

**jut703** · August 3rd, 2016 11:34 PM

Originally Posted by dairyman1983

Hi! First time buyer of a car. Just a quick question regarding buying (I know you heard this question a lot of times). Which is better for your hard earned cash, to buy a new CRV 2.0S 2016 or an older CRV model (2011-2015). Right now I dont want to pay for the whole price of the car but my budget can go up to 600K. I might sell the brand new CRV after 8 yrs and for the 2nd hand after 5 yrs. Which will be the best option of the two? Depreciation and resale value.

The used one of course. As long as you find a unit in good condition, you're basically getting the same car but at almost half the price. Gas-fed CUVs depreciate quickly in the secondhand market. A used CRV of that age will be at around 800-900k only.

After 8 years, the 1.5M you pay for the new CRV can only be sold for about 600-700k, so you lose 800-900k in value.

In 5 years, the CRV that you bought for 850k could still be sold for 500-600k so you only lose 250-350k in value which is obviously much, much more practical.

Personally I'd only consider buying new if it's a car plan (where you have no choice), or if it's a car that you've fallen head over heels for and want it now.

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**Walter** · August 4th, 2016 06:29 AM

Originally Posted by jut703

Personally I'd only consider buying new if it's a car plan (where you have no choice), or if it's a car that you've fallen head over heels for and want it now.

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Which is what happens every time a new model comes out (for those with low EQ) ...

**dr. d** · August 4th, 2016 08:29 AM

Originally Posted by dairyman1983

Hi! First time buyer of a car. Just a quick question regarding buying (I know you heard this question a lot of times). Which is better for your hard earned cash, to buy a new CRV 2.0S 2016 or an older CRV model (2011-2015). Right now I dont want to pay for the whole price of the car but my budget can go up to 600K. I might sell the brand new CRV after 8 yrs and for the 2nd hand after 5 yrs. Which will be the best option of the two? Depreciation and resale value.

your self-imposed budget limit of 600K limits your choice of CRV to non-brand new CRVs only.
but 600K will already buy you a brand new, but non-CRV car.
do you really want and need a CRV?

but i like jut's financial analysis above. only problem is... nothing beats the feeling of driving a new car! tight hinges and rugby odor!

**jut703** · August 4th, 2016 10:04 AM

Originally Posted by dr. d

but i like jut's financial analysis above. only problem is... nothing beats the feeling of driving a new car! tight hinges and rugby odor!

From my experience buying both brand new and secondhand cars, it really feels more reassuring to have a brand new car that needs absolutely no repairs.

However, putting it into perspective, I'd rather save several hundred thousand than enjoy a petty perk. As long as the secondhand unit you're getting is in good condition anyway, it shouldn't be much of a headache. There will be a few things to be replaced, but it should cost more than a few thousands, you just have to allot a bit if time for it.

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