The new Honda CR-V has gone on sale in four trim levels – ‘S’, ‘SE’, ‘SR’ and ‘EX, priced from £21,395 for the 2WD entry-level 2.0 i-VTEC manual in ‘S’ grade.
According to the industry experts at CAP Monitor the new fourth generation Honda CR-V which has just gone on sale is set to benefit from high residual values.
Taking the new Honda CR-V EX manual diesel as an example; based on a three years/20,000 mile per annum profile, CAP Monitor believes it will achieve a 40 per cent residual value of its original P11D cost. This equates to £12,325. Currently the Honda CR-V 2.2 i-DTEC EX manual with all-wheel drive costs £30,995 on the road.
In case you are wondering the residual value (its second hand value) is what the car should be worth, in this in three years time. Residual values are used in finance calculations but of course it is not a guarantee of how much your car is worth when you come to sell.
Jeff Knight, Editor of CAP Monitor, commented: “It’s an all new vehicle with a good standard specification, more modern styling, improved dynamics and excellent real-world fuel economy. There’s also a noticeable reduction in cabin noise, increased usable interior space and a more ordered structure to the range.”
Lee Wheeler, Manager-Corporate Operations at Honda (UK), commented; “We are delighted that the new CR-V has achieved such impressive residual values. It’s critical to have strong residual values in this highly competitive fleet market segment. Leasing company confidence in re-sale values for new CR-V is a major benefit as they decide on its market competiveness. This same confidence in re-sale values also spells good news for retail buyers who are purchasing the car on Personal Contract Purchases (PCP)."Published 22 November 2012