What To Know
- The 2023 Honda CR-V Hybrid Sport Touring comes with a variety of standard features, including a 9-inch touchscreen infotainment system, heated front seats, and a power liftgate.
- For example, the Honda Sensing suite of driver-assistance features is standard, but you can add features like a head-up display or a premium sound system for an additional cost.
- Negotiating the price of a new car can be intimidating, but it’s a crucial step to ensure you’re getting a fair deal.
The Honda CR-V has long been a popular choice for families and individuals seeking a reliable, spacious, and fuel-efficient SUV. The 2023 model year brings an exciting new hybrid option, the CR-V Hybrid Sport Touring, which offers impressive fuel economy and performance. But what should I pay for a 2023 Honda CR-V Hybrid Sport Touring? This is a question that many potential buyers are asking, and it’s a crucial one to consider before making a purchase.
Understanding the MSRP
The Manufacturer’s Suggested Retail Price (MSRP) is the starting point for determining the price of a new car. The 2023 Honda CR-V Hybrid Sport Touring has an MSRP of $38,750. This price includes the base vehicle, standard features, and destination charges. However, it’s important to remember that the MSRP is just a starting point.
Dealer Markup: A Common Factor
Dealers often add a markup to the MSRP, which can increase the final price of the vehicle. This markup can vary depending on the dealer, the region, and the demand for the specific model. It’s always a good idea to check with multiple dealerships to compare prices and see if any are willing to negotiate on the markup.
Options and Packages: Adding to the Cost
The 2023 Honda CR-V Hybrid Sport Touring comes with a variety of standard features, including a 9-inch touchscreen infotainment system, heated front seats, and a power liftgate. However, you can also add optional packages and features, which will increase the price. For example, the Honda Sensing suite of driver-assistance features is standard, but you can add features like a head-up display or a premium sound system for an additional cost.
Incentives and Rebates: Potential Savings
When considering what to pay for a 2023 Honda CR-V Hybrid Sport Touring, don’t forget to check for any available incentives or rebates. Honda often offers special financing rates, cash back offers, or lease deals for new vehicles. These incentives can significantly reduce the final price of the car.
Negotiating the Price: A Skillful Approach
Negotiating the price of a new car can be intimidating, but it’s a crucial step to ensure you’re getting a fair deal. Here are some tips for successful negotiation:
- Research Market Value: Use online tools like Kelley Blue Book or Edmunds to determine the fair market value of the vehicle in your area.
- Be Prepared to Walk Away: If the dealer isn’t willing to negotiate to a price you’re comfortable with, be prepared to walk away and try another dealership.
- Focus on the Total Cost: Don’t just focus on the monthly payment; consider the total cost of ownership, including the purchase price, interest rates, and insurance costs.
Considering the Value Proposition
The 2023 Honda CR-V Hybrid Sport Touring offers a compelling value proposition. It combines the practical features of the standard CR-V with the fuel efficiency and performance benefits of a hybrid powertrain. The Sport Touring trim level also includes premium features and amenities that enhance the overall driving experience.
Factors to Consider When Setting Your Budget
When deciding what you should pay for a 2023 Honda CR-V Hybrid Sport Touring, consider the following factors:
- Your Financial Situation: Evaluate your budget and determine how much you can comfortably afford to spend on a new car. Consider your monthly income, expenses, and debt obligations.
- The Length of Ownership: Think about how long you plan to keep the car. If you intend to own it for several years, it might be worth paying a bit more for a well-equipped vehicle.
- Your Driving Needs: Consider your daily commute, driving habits, and any anticipated long trips. If you frequently drive in stop-and-go traffic, the hybrid powertrain can save you money on fuel.
Final Thoughts: Making an Informed Decision
The 2023 Honda CR-V Hybrid Sport Touring is a fantastic option for those seeking a versatile, fuel-efficient, and well-equipped SUV. By understanding the MSRP, dealer markups, available incentives, and negotiation strategies, you can make an informed decision about what you should pay for this popular vehicle. Remember to carefully consider your financial situation, driving needs, and desired features before making a purchase.
Frequently Asked Questions
Q: What is the fuel economy of the 2023 Honda CR-V Hybrid Sport Touring?
A: The 2023 Honda CR-V Hybrid Sport Touring achieves impressive fuel economy ratings of 40 mpg city, 34 mpg highway, and 37 mpg combined.
Q: What are some of the key features of the 2023 Honda CR-V Hybrid Sport Touring?
A: The Sport Touring trim level includes features like a panoramic sunroof, leather-trimmed seats, a premium sound system, and a wireless charging pad.
Q: Is the 2023 Honda CR-V Hybrid Sport Touring available with all-wheel drive?
A: Yes, the 2023 Honda CR-V Hybrid Sport Touring is available with all-wheel drive, which provides enhanced traction and stability in challenging road conditions.
Q: What is the warranty coverage on the 2023 Honda CR-V Hybrid Sport Touring?
A: Honda offers a comprehensive warranty coverage for the CR-V, including a 3-year/36,000-mile bumper-to-bumper warranty, a 5-year/60,000-mile powertrain warranty, and a 5-year/60,000-mile corrosion warranty.
