Used 2021 Mitsubishi Outlander Sport ES

If you're on a budget, buying a used Honda is a smart decision. Here are some of the benefits of choosing a preloved Honda model. A used Honda is always more affordable than a comparable new model. Many models lose up to 20% of their value in the first year of ownership and about 15% every year for the first four or five years. That means there can be a stark price difference between a new Honda and the same model released a few years earlier. For example, the 2025 Honda Civic LX sedan starts at $25,400. According to Kelley Blue Book, a 2022 Civic has an average resale value of $19,563, while the 2020 model typically sells for $14,000. Choosing a low-priced used car can save you money and reduce your monthly repayments and interest. Buying used can also give you more bang for your buck. Rather than blowing your budget on a brand-new vehicle, you can spend the same amount on a used model at a higher trim level, giving you access to more luxury and tech features. Honda vehicles have a strong reputation for reliability and performance, so you can enjoy your purchase for years to come. J.D. Power also considers performance when rating driving experience. The new Honda Civic has a driving experience rating of 82. The 2022 model's rating is 83, while the 2019 model is the best of the lot with a score of 84. Across the board, there's very little difference between the reliability and experience ratings for new and used models, even for ones that are several years old. A preloved Honda could even give you a better driving experience. The savings don't stop with the vehicle's sticker price. It also usually costs less to insure used vehicles since they have lower market values and more affordable parts.