How much should you pay for a 2023 Honda CR-V?
The 2023 Honda CR-V is a popular compact SUV known for its reliability, fuel efficiency, and modern features. If you're in the market for this vehicle, understanding its pricing is crucial to ensure you're getting a fair deal. In this article, we’ll break down the factors that influence the cost of a 2023 Honda CR-V and provide insights into what you should expect to pay.
Understanding the MSRP and Trim Levels
The Manufacturer's Suggested Retail Price (MSRP) for the 2023 Honda CR-V starts at approximately $28,410 for the base LX trim. However, the price increases as you move up to higher trims with more features. Here’s a breakdown of the starting MSRPs for each trim level:
- CR-V LX: Starting at $28,410
- CR-V EX: Starting at $31,610
- CR-V EX-L: Starting at $34,260
- CR-V Sport Hybrid: Starting at $32,950
- CR-V Sport Touring Hybrid: Starting at $39,100
Keep in mind that these prices are for front-wheel-drive models. Adding all-wheel drive typically costs an additional $1,500 to $2,000, depending on the trim.
Factors That Affect the Final Price
While the MSRP provides a baseline, the final price you pay for a 2023 Honda CR-V can vary based on several factors:
- Dealer Markups: Some dealerships may add markups due to high demand or limited inventory.
- Optional Features: Adding features like upgraded wheels, premium paint colors, or advanced safety packages can increase the cost.
- Taxes and Fees: Don’t forget to account for sales tax, registration fees, and documentation fees, which can add thousands to the final price.
- Incentives and Discounts: Look for manufacturer incentives, dealer discounts, or special financing offers that can reduce the overall cost.
What Should You Expect to Pay?
On average, buyers can expect to pay between $30,000 and $40,000 for a 2023 Honda CR-V, depending on the trim level and additional options. For example:
- A base LX model with minimal add-ons may cost around $30,000 after taxes and fees.
- A fully loaded Sport Touring Hybrid with all-wheel drive could exceed $42,000.
It’s always a good idea to shop around and compare prices from multiple dealerships to ensure you’re getting the best deal.
Tips for Negotiating the Best Price
Here are some tips to help you negotiate effectively and save money on your purchase:
- Do Your Research: Use online tools to check the average selling price in your area.
- Be Flexible: Consider different trims or colors if your preferred option is priced higher than expected.
- Ask About Incentives: Inquire about any current promotions, rebates, or financing deals.
- Negotiate Trade-In Value: If you’re trading in a vehicle, negotiate its value separately to maximize your savings.
Conclusion
The 2023 Honda CR-V offers excellent value for its price, but it’s essential to understand the factors that influence its cost. By researching, comparing prices, and negotiating effectively, you can ensure you’re paying a fair price for this reliable and versatile SUV. At Kevin’s Autos, we’re always here to help with your car-related questions and maintenance needs. Feel free to reach out to us for expert advice!
Frequently Asked Questions
How many miles will a 2023 Honda CR-V last?
A well-maintained Honda CR-V can last well beyond 200,000 miles, with many owners reporting lifespans of 250,000 miles or more. With proper care, you can expect the CR-V to last 15 to 20 years, depending on driving conditions and maintenance.
What are the best years to buy used CR-V?
If you are looking to get a used Honda CR-V, anything made in the last five years will get you a certified used Honda model. We recommend 2020, 2021, or 2022, but other years since 2017 are also extremely good. For trim, you might want to try either an EX or Touring, as these are particularly good.
What year of CR-V is most reliable?
In summary, the best years for the Honda CR-V include the 2015, 2016, 2017, 2019, and 2020 model years. Each of these years offers a unique combination of advanced technology, safety features, fuel efficiency, and reliability.
Which used Honda CR-V is best to buy?
If you are looking to get a used Honda CR-V, anything made in the last five years will get you a certified used Honda model. We recommend 2020, 2021, or 2022, but other years since 2017 are also extremely good. For trim, you might want to try either an EX or Touring, as these are particularly good.
How much should I pay for a 2023 Honda CR-V?
2023 Honda CR-V Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| LX Sport Utility 4D | $31,205 | $26,447 |
| EX Sport Utility 4D | $34,405 | $29,187 |
| EX-L Sport Utility 4D | $37,055 | $30,355 |
How much is the out the door price for the 2023 Honda CR-V?
The out-the-door price for the 2023 Honda CR-V LX trim with options is $28,788 - this is based on an Edmunds Suggested Price of $26,999 and $1,789 in taxes and fees. Keep in mind that this does not include any finance charges, which will increase your out-the-door price.
What is the biggest complaint for a Honda CR-V?
Key Mechanical Issues
One of the most significant issues that plagued the Honda CR-V was transmission problems, particularly in the 2002 to 2004 model years.
What is the difference between MSRP and out the door price?
But keep in mind that MSRP is just one component of the final selling price, which also includes the destination fee, sales tax, registration, interest charges and more. This total is often called the "out-the-door price," which should be the actual final price.
How many miles can a 2023 Honda CRV go on a full tank of gas?
602-mile
The 2023 CR-V has a 602-mile driving range in ideal driving conditions. A combination of a filled-up gas tank size of 14 gallons and 43 city mpg on the 2WD Sport Hybrid can give you an incredible driving range of over 600 miles.
Does 2023 Honda CR-V require premium gas?
Honda engines are certified and designed to run on regular unleaded gasoline.
