The Truth: If you pay more than $23,059 for this used Honda Cr V, you're overpaying. A private party sale would cost around $20,710 — and the out-the-door cost at a dealer is approximately $24,693.

Used Car Value Breakdown

Dealer Retail$23,059
Private Party$20,710
Trade-In Value$18,789
Original MSRP$36,250

Depreciation & Value

Total depreciation since new$12,325 (34%)
Projected loss over next year$2,175 (6%)
Value retention ratingGood

Mileage

Estimated mileage for this age38,400 miles
Average annual miles for this segment12,800 mi/year

Vehicles with above-average mileage should be priced lower; below-average mileage commands a premium.

Price Breakdown

Market Estimate · Updated May 4, 2026
MSRP$23,059
Invoice (Dealer Cost)$18,789
Average Paid$23,059
Typical Markup22.7%

What's a Good Deal?

Good DealBelow $21,675
Fair Deal$21,675$23,059
OverpayingAbove $24,443

Estimated Out-the-Door Price

$24,693

Includes average sale price + documentation fee ($250) + destination ($0) + estimated sales tax ($1,384)

Best time to buy: January typically sees the lowest prices.

Typical Fees to Watch

  • Documentation fee: $250
  • Destination charge: $0
  • Estimated sales tax: $1,384

Local Market Factors

  • Cost of living adjustment: 8% below national average
  • Dealer competition: High (more negotiation room)
  • Sales tax rate: 6.0%

Vehicle Overview

When to Buy

Current month (May) is rated above-average for buying.

Best months to buy: January, September, October, November, December

Negotiation Tips

  1. Get a pre-purchase inspection before buying any used car in Detroit — it costs $100–200 and can save you thousands.
  2. Always check the vehicle history report (Carfax or AutoCheck) for accidents, title issues, and service records.
  3. The trade-in value for this vehicle is approximately $18,789. Use this as your floor when negotiating.
  4. The private party price is around $20,710 — buying from a private seller typically saves 10–15% vs a dealer.
  5. Check for open recalls at nhtsa.gov — dealers must fix recalls for free regardless of where you bought the car.
  6. This model holds its value well — expect less room for negotiation, but also less depreciation after purchase.
  7. Budget approximately $1,384 for sales tax on top of the purchase price.

Frequently Asked Questions

What is a 2023 Honda Cr V worth in Detroit?

Based on current market estimates, the dealer retail price for a 2023 Honda Cr V in Detroit is approximately $23,059. The private party value is around $20,710, and the trade-in value is approximately $18,789.

How much has the 2023 Honda Cr V depreciated?

The 2023 Honda Cr V has depreciated approximately 34% from its original MSRP of $36,250. That’s a total loss of approximately $12,325. It will lose roughly $2,175 more over the next year.

What is the trade-in value for a 2023 Honda Cr V?

The estimated trade-in value in Detroit is approximately $18,789. This is what a dealer would typically offer. You can usually get more selling private party (estimated $20,710).

Is a 2023 Honda Cr V a good deal right now?

A good deal on a 2023 Honda Cr V in Detroit is anything below $21,675. If you’re paying above $24,443, you’re likely overpaying. Check whether the vehicle has average mileage for its age — above-average mileage should bring the price down.

Should I buy from a dealer or private party?

Private party purchases typically save you $2,349 compared to a dealer in Detroit. However, dealers often include limited warranties and handle paperwork. Weigh the savings against the convenience and any included protection.