Used 2024 Hyundai Santa Cruz XRT

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 $14,443. 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. 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.