Determining the precise street price of a Honda CRV, especially specifying a model denoted as "LV," requires careful consideration. The term "LV" isn't a standard Honda designation for trim levels. Honda's naming conventions typically use letters and numbers to denote trim levels (e.g., LX, EX, EX-L, Sport, Touring). Therefore, "LV" might be a dealer-specific code, a regional variation, or even a misinterpretation. This article will explore the pricing of the Honda CRV across various trims and model years, providing insights into how to find the best street price for your desired configuration. We will also discuss factors influencing street prices and how to navigate the car-buying process to secure the most favorable deal.
Understanding Honda CRV Pricing:
To understand the "street price" – the actual price a buyer pays after negotiations – we need to examine the various pricing components:
* MSRP (Manufacturer's Suggested Retail Price): This is the starting point, the price Honda suggests dealers sell the vehicle for. It's rarely the price you'll actually pay.
* Invoice Price: This is the price the dealership pays Honda for the vehicle. While not always publicly available, it serves as a benchmark for negotiations, providing a lower limit for potential deals. Getting close to the invoice price is generally considered a good deal.
* Dealer Markup: Dealers add a markup to the invoice price to generate profit. This markup can vary significantly depending on demand, location, and dealer policies. High-demand vehicles or limited-edition models often command higher markups.
* Street Price (Negotiated Price): This is the final price you agree upon with the dealer after negotiations. It takes into account the MSRP, invoice price, dealer markup, any applicable discounts, and your negotiating skills.
* Additional Fees: Remember that the street price doesn't include additional fees like taxes, title, registration, and dealer fees (documentary fees, processing fees). These can add several hundred dollars to the final cost.
Honda CRV Price Breakdown by Trim Level:
Since we can't precisely define the "LV" trim, let's examine the pricing of common Honda CRV trims to illustrate the price range:
Honda CRV LX: This is typically the base model, offering essential features at a more affordable price point. The MSRP will vary by model year, but expect it to be the lowest among the trims.
Honda CRV EX: The EX trim level adds several features compared to the LX, such as upgraded infotainment, safety features, and possibly some comfort enhancements. The MSRP will be higher than the LX.
Honda CRV EX-L: The EX-L builds upon the EX, adding leather upholstery, heated seats, and possibly other luxury features. Expect a significant increase in MSRP compared to the EX.
Honda CRV Sport: This trim level often incorporates a sportier design aesthetic, potentially including unique wheels, exterior styling, and performance enhancements. The price will fall somewhere between the EX-L and Touring.
Honda CRV Touring: This is typically the top-of-the-line trim, boasting the most luxurious features, advanced technology, and premium comfort options. It commands the highest MSRP.
Honda CRV Price by Model Year:
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