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Honda CRV has been a popular choice for SUV enthusiasts for many years, and for good reason. Not only does the Honda CRV boast a comfortable and spacious interior, but it also offers a reliable and efficient performance. However, what many people may not be aware of is the positive impact that owning a Honda CRV can have on their wallet over time.

One of the major draws of owning a Honda CRV is its true cost to own. This refers to the overall cost of owning a vehicle over a period of five years, including maintenance, repairs, fuel costs, insurance, and depreciation. The true cost to own factor allows consumers to make an informed decision about their vehicle purchase, taking into account not just the initial price but also the long-term costs.

One of the biggest benefits of owning a Honda CRV is its reliability. According to J.D. Power's 2020 U.S. Vehicle Dependability Study, Honda ranks as one of the most dependable brands, with the CRV specifically receiving top scores in terms of reliability. This means that CRV owners can expect minimal maintenance and repair costs over the years, resulting in a lower true cost to own. In fact, Kelley Blue Book gave the 2021 Honda CRV a 5-year cost to own estimate of $39,092, which is significantly lower than many of its competitors.

Another factor that contributes to the low true cost to own of the Honda CRV is its fuel efficiency. The latest CRV model has an EPA-estimated fuel economy of up to 28 mpg in the city and 34 mpg on the highway. This efficient performance not only helps save money on gas, but it also reduces the environmental impact of the vehicle. With rising gas prices, the fuel efficiency of the CRV can make a significant difference in the true cost to own over time.

The Honda CRV also offers a variety of features and technologies that can help save money in the long run. For example, the Honda Sensing suite of advanced safety and driver-assistive technologies comes standard on all CRV models. This includes features such as lane departure warning, adaptive cruise control, and collision mitigation braking, which can potentially help reduce the cost of insurance premiums.

Moreover, the CRV has a strong resale value, which is another important factor in the true cost to own. According to Kelley Blue Book, the 2021 Honda CRV has a 5-year resale value of 49.4%, which is higher than the industry average. This means that if an owner decides to sell their CRV after five years, they can expect to recoup a higher percentage of their initial investment compared to other vehicles.

In addition to the financial benefits, owning a Honda CRV also has some positive impacts on the environment. The CRV is available in a hybrid model, which offers even greater fuel efficiency and lower emissions compared to its gasoline counterparts. By choosing the hybrid option, CRV owners can save money on gas and reduce their carbon footprint.

Overall, the Honda CRV offers a range of benefits to its owners, including a low true cost to own and a variety of features and technologies that can save money in the long run. Its reliability, fuel efficiency, strong resale value, and potential insurance savings make it an attractive choice for those looking for a dependable and cost-effective SUV. So, if you’re in the market for a new vehicle, consider the Honda CRV and enjoy the positive benefits it has to offer.