2014 Honda Fit

[JesseJ1826]

I see where the 2014 Honda Fit will have the dreaded CVT transmission as their automatic. I'm going to hazard a guess and say that this pretty much guarantees it will no longer be towable. Anyone looking to get a Fit auto better get one now.

[Snowman9000]

deleted by me.

[luvlabs]

Having CVT transmission doesn't automatically make it untowable. Why don't we wait and see what Honda has to say?

[Snowman9000]

Maybe the Fit doesn't hold its value as well at first? OTOH $5000 depreciation in 3 years it not much. 30% is, but 5k isn't. There needs to be enough of a difference on a low priced car to make someone want to take the chance on a used one.

[Popsie]

Snowman9000 wrote:
As a Honda owner, I feel the advice to buy used doesn't apply as well.

If you are buying a domestic car, buy it a couple of years old, let the first owner take the depreciation. If you are buying a Honda, buy it new, sell it at around 90K miles, let the second owner take the depreciation and heavier maintenance/repairs. I'm serious.

So I am thinking about buying a Fit, for dinghy towing. Sounds like I better get going?

We've owned several Hondas and I think they are good cars.

I think a new Fit goes for around $18,000 and a three year old Fit for around $13,000. That's $5,000 or around 30% difference.

[Snowman9000]

As a Honda owner, I feel the advice to buy used doesn't apply as well.

If you are buying a domestic car, buy it a couple of years old, let the first owner take the depreciation. If you are buying a Honda, buy it new, sell it at around 90K miles, let the second owner take the depreciation and heavier maintenance/repairs. I'm serious.

So I am thinking about buying a Fit, for dinghy towing. Sounds like I better get going?

[Popsie]

Good notice!

Of course, you could buy a used one next year 🙂

According to Car Talk, the sweet spot for buying a car is when it's three years old.

1. Depreciation is biggest during the first two years so you get a more affordable price.

2. You have the opportunity to check for problems that might have cropped up in the first two years.

3. You save on insurance.

4. There are more reasons, but I can't recall them right now