CR-V vs Sportage

[XboxEboy]

We have been eyeing the CR-V ever since the re-design.
Unfortunately, we can't afford a new car payment over $200/mo.
So I was comparing the other SUVS and the only one I like at all in comparison is the Kia Sportage. What draws me in is the warranty, the 0% finance rate, and I don't mind the looks/etc.
In a perfect world, I would rather have the CR-V, but I'm wondering if I should settle for the Sportage? I'm sure I'd suffer from a bit of buyer's remorse :(

[SilverV]

See this review: http://consumerguideauto.howstuffworks.com/2008-kia-sportage-5.htm
:)

[Binky]

IMO I would look for a used CR-V before I bought a new Kia. The primary issues for me is the retained value in the CR-V vs. any Kia, and dealer-support when exercising coverage for warranty repairs.

Kia's depreciate "more rapidly" than the CR-V. Check Edmunds (http://www.edmunds.com) "True Cost to Own" comparing the CR-V with the Sportage. The CR-V is at the top or is the top of it's class concerning depreciation - for many well known reasons.

Kia offers a 10yr/100k mile warranty... because it has to, along with offering deep incentives to sell their products. They have improved in quality over the past few years but are still behind Honda.

One reason the last 6 new vehicles I've purchased have been Hondas is because I usually don't have to see the dealer for repairs. The rare three occasions I have - the problems have been handled rapidly as I have expected. I even had the 6CD stereo replaced in my '04 Accord with 68000 miles at no cost after calling American Honda before visiting the dealer for a repair.

I seriously considered the Sorento before buying a '07 EX-L (non-nav) last month but 20 MPG and $8,900 1st year depreciation ($16,500 over 5 years vs. $4,400/$10,900 for the CR-V) was too much for me to stomach.

[XboxEboy]

Just wondering if I should be concerned about depreciation if I plan on keeping this car for 200K plus miles?

[Greenzter]

Have you looked at Hyundai's Tucson at all? I think they are rated a little better than the Sportage.
Hyundai actually own Kia. So the quality should be the same.

Kia and Hyundai give you more for your money than Honda. If you plan on keeping the vehicle for a long time, lower resale value is not a big deal.

[drivezki]

Honda is a Honda. That's why I drive one.

However, if I were buying right now, I would take a serious look at Hyundai. I have several co-workers who drive Tucsons and Santa Fee's. And are happy.

Like Greenzter said, for long time ownership resale value is not that important. And, it is improving. Just look at the features, and warranty you get with Hyundai for much less than a CR-V.

[PINODY]

The CRV gets better MPG's ... http://www.fueleconomy.gov/feg/sbs.htm

[2RedV's]

Just wondering if I should be concerned about depreciation if I plan on keeping this car for 200K plus miles?WIll the Kia last that long? Think of how many used Kia's with 200,00+ miles on them you have heard about. Go to autotrader.com and do searches for used CR-V's and Kia Sportage's with mileage over 150,000. Then, notice how much they are worth. Compare like year and models.

[Binky]

Just wondering if I should be concerned about depreciation if I plan on keeping this car for 200K plus miles?

Depreciation is an expression of the loss of relative value of a vehicle. In simple terms a vehicle with lower depreciation is a better value than a vehicle with higher depreciation. If you compare the costs to own for both the Sportage and the CR-V you'll find that the CR-V will cost less to own for a given time period (i.e. 200k miles)

If you purchased a used CR-V the origional owner takes the hit for the 1st or 2nd year depreciation while you get a vehicle with proven track record of reliability.

If really comes down to your tolerance for risk. For me the Kia is a crap shoot (pun intended)

[Greenzter]

WIll the Kia last that long? Think of how many used Kia's with 200,00+ miles on them you have heard about. Go to autotrader.com and do searches for used CR-V's and Kia Sportage's with mileage over 150,000. Then, notice how much they are worth. Compare like year and models.

Sure, but you have to consider how long these vehicles have been on the market, and how many were sold. CR-V's since 1997. Current Sportage only since 2005. (The original, which was a totally different vehicle, was only produced from 1999 to 2003 and sold in very low quantities.)

That's like looking for used Honda Fit's with over 100K miles.

Now please. Don't anyone get the impression that I like Kia's better than CR-V's. I have a CR-V because I like it. But I don't automatically run every other make down.

[2RedV's]

Sure, but you have to consider how long these vehicles have been on the market, and how many were sold. CR-V's since 1997. Current Sportage only since 2005. (The original, which was a totally different vehicle, was only produced from 1999 to 2003 and sold in very low quantities.)

That's like looking for used Honda Fit's with over 100K miles.

Now please. Don't anyone get the impression that I like Kia's better than CR-V's. I have a CR-V because I like it. But I don't automatically run every other make down.I believe it was sold in low quantities because it didn't sell... Compare older Tucson's to CR-V's or Ford Escapes, etc.
A 1997 CR-V with 200,000 miles can still sell for $5000 US! How much for a 1999 Sportage with 100,000 miles?

[Hap]

I agree with the comments posted (depreciation value and long term costs). I bought a brand new Kia Sedona minivan in 2002 when they came out. I just traded it in for a new 08 CRV. The dealership only gave me 4,000 bucks for it and it just turned 100,000 miles. It was fully loaded with leather and sunroof and cost 25,000 when new! I would not buy another Kia or Hyundai. I agree that even a used CRV is better, but when I priced them out, they were almost as much as new so I just went with a new one. So the answer to your question- will you have remorse, the answer is YES.

[sleeksilver]

Just wondering if I should be concerned about depreciation if I plan on keeping this car for 200K plus miles?

The Kia will be worth NOTHING.

Long term reliability of Kias and Hyundais is unproven, you will certainly loose money in the long run due to fuel costs and depreciation. Their 2.7 liter V6 is a known gas guzzler and the 4 cylinder variant is not as efficient as the competition.

[isellhondas]

Any Korean car will suffer from terrible resale values.

Thiks may someday change I suppose but for the time being, they are saleproof. At least in my neck of the woods.

[Honda 367]

I agree with the comments posted (depreciation value and long term costs). I bought a brand new Kia Sedona minivan in 2002 when they came out. I just traded it in for a new 08 CRV. The dealership only gave me 4,000 bucks for it and it just turned 100,000 miles. It was fully loaded with leather and sunroof and cost 25,000 when new! I would not buy another Kia or Hyundai. I agree that even a used CRV is better, but when I priced them out, they were almost as much as new so I just went with a new one. So the answer to your question- will you have remorse, the answer is YES.

That is interesting. I traded in my 91 Dodge Grand Caravan LE in 97 for an SUV and the dealer gave me $4,000 for trade in. It was about the 90K miles as well. I don't think minivans hold their values very well other than Odyssey. That was my last Big Three. Resale value is definitely determining factor.

[2007crv]

buy today for $24K, wait a year, and it can be sold for $14K as a trade in... also, here is a thought to think about, since I totaled a '98 toyota camry back in the spring (replaced now with a '07 CR-V) the camry had about 85K miles on it, was worth to the insurance compay pay out of, $6300..... take that into consideration when buying, if you wreak it/total it, what will yOUR Insurance company pay you to replace it with. oh, in case you wonder about the accident.... I was drivng south on I-75 driving 65 MPH, with crusie control ON, in the right lane, being passed by a truck, PIT MANURVERED on the driver side, hit in the side by the truck, drove BACKWARD off the road, noticed that the washer fluid light was on, looked up to see going BACKWARD, hit the breaks, hit the hill. the truck was many miles down the road, found at a gas station by the cops... lucky me, hurt knee and the occtional back pain. went to work the next day, sore, checked out with hospital, just need to relax over weekend, and now... I work a desk job, but I drive in comfort every day, to say the least. oh, and after a visit to the local toyota dealer, the T-100 will be out last toyota to ever be brought locally.

[2RedV's]

Current BlackBook wholesale on a 2006 Honda CR-V EX AWD is about $18750. MSRP would have been around $23,750.

Current BlackBook wholesale on a 2006 Kia Sportage EX AWD V6 is about $14,000. MSRP would have been around $22,300.

Ouch. :eek:

[Honda 367]

Current BlackBook wholesale on a 2006 Honda CR-V EX AWD is about $18750. MSRP would have been around $23,750.

Current BlackBook wholesale on a 2006 Kia Sportage EX AWD V6 is about $14,000. MSRP would have been around $22,300.

Ouch. :eek:

I agree with the above assessment. Sportage isn't that much cheaper than CR-V. In the end, I think Honda is better value.

[devani]

I agree with the above assessment. Sportage isn't that much cheaper than CR-V. In the end, I think Honda is better value.

I would not pay MSRP on either car....but still CR-V is good deal IMO