Should I swap my 2013 CR-V for an older model?

I currently drive a 2013 Honda CR-V petrol, which is now out of it's warranty period. In the two years I've owned it, it has lost £6000 in value through depreciation (£250 a month) and I also pay a monthly amount to finance it, so in total it is costing me approx £450 a month to own.

I'm wondering whether I should sell it and buy an older Gen II CR-V (2006 or 2007 model) with sub 100,000 miles for around £4-5000. Would this be a sensible idea for a few years cheap motoring, or would I be more sensible to keep what I've got?

Asked on 30 October 2016 by Jim

Answered by Honest John
By 'Gen II' you must mean the square shape CR-V from 2002-2006, not the roundy one that arrived for 2007. Petrol versions were the most reliable SUVs ever made. And the automatic was very practical with a walk-through cab. The main quirk was the rear diff oil getting contaminated with water via the breather and sending strange messages to the AWD system. Easily rectified.

Engine was chain cam so no worries there. But at least 10 years old and at least 100,000 miles, so problems will start to rear their ugly heads. Didn't steer well or handle well either. Reckon mid 20s mpg from the auto. 30 if your lucky from the manual.See: www.honestjohn.co.uk/carbycar/honda/cr-v-2002/?sec.../
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