2020 Honda CR-V Hybrid Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback
MSRP Invoice Price Destination Fee Holdback Dealer Cost
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Honda has been selling the CR-V Hybrid in other parts of the world including China and Europe since last year, but the 2020 model is the first time it’s coming to America. Industry insiders predict that it will be the country’s best-selling hybrid. The CR-V is already a top seller, and the 2020 Honda CR-V hybrid model offers buyers high-end styling, awesome fuel economy and competitive pricing.
What’s New for 2020?
The CR-V Hybrid is new for 2020, but it is considered a part of Honda’s fifth CR-V generation. The car manufacturer brought this generation out in 2017.
The exterior of the 2020 Honda CR-V Hybrid features plenty of smooth lines. The grille and tailgate sections are round, giving the SUV a modern appearance. Honda sized the CR-V as a vehicle that is just right. It isn’t intimidating to park, and it’s slightly elevated to give drivers an expansive view of the road. Buyers can select the vehicle model in Crystal Black Pearl, Modern Steel Metallic and Radiant Red Metallic.
The SUV’s cabin is a bit different than the non-hybrid version of the vehicle. In the hybrid, the gauge area features a power graphic that lets the driver see when the vehicle is operating under electric power and when it’s running on gas. Also, the vehicle’s mode buttons located next to the shifter come with an EV-only setting. Drivers can activate this mode when driving in slow traffic like parking lots and neighborhoods.
Honda designed the interior of the vehicle to be ergonomically friendly, spacious and comfortable. Tall and short drivers will find the SUV comfortable to operate and ride in. The car manufacturer included physical controls that are user-friendly. There is an infotainment system as well as plenty of leg room for occupants.
Owners are sure to appreciate the space that's available with the 2020 Honda CR-V hybrid. Behind the vehicle’s rear seats, there is 33.2 cubic feet of space available. When the rear seats are folded down, the amount of space for cargo increases to 68.7 cubic feet.
About the Trim Levels
SUV buyers can choose from four different trim levels. These are the LX, EX, EX-L and Touring. The LX is the base model, and it starts at around $28,800. Standard features include automatic emergency braking and lane-departure warning. These safety features appeal to buyers of all kinds including single people, couples and parents with kids. All-wheel drive is also standard. Those who live in areas where it snows a lot will appreciate this addition.
The 2020 Honda CR-V Hybrid EX trim level starts at around $31,300, and for the higher price, buyers will enjoy 18-inch wheels, a sunroof and a bigger infotainment screen, amenities that are sure to enhance the experience of owning a CR-V Hybrid. This trim level also comes with additional tech gear like a multi-angle backup camera and Apple CarPlay and Android Auto connectivity.
If leather upholstery and a power liftgate are important to an SUV buyer, he or she will want to select the EX-L trim level. The Touring trim level is the nicest one available. Those who select this trim will pay around $37,000 for it. The cost is worth it though since the higher model includes features like a better audio system, wireless phone charging and navigation, increasing pride of ownership.
How Does it Drive?
When tested, reviewers described the driving experience as poised and confident. The 2020 Honda CR-V Hybrid delivers plenty of power since the powertrain generates 212 horsepower and 232 pound-feet of torque. Behind the wheel, owners will appreciate the vehicle’s punch of power from a stopped position. There is plenty of zip when passing slower moving vehicles too.
The vehicle model uses electric power to thrust the SUV forward from a stop. It then shifts into a combination of gas and electric power while moving. The transition is a smooth one. Drivers are likely to notice the gas part of the engine activating since it will replace the sound of the quiet hybrid hum.
Honda designed the vehicle without a conventional transmission. This means that acceleration and deceleration occur in one smooth motion. The SUV features sensitive brakes that operate with a soft and receptive feel. The steering is responsive, and drivers will appreciate feeling in control.
About the Fuel Economy/MPG
An awesome feature of the CR-V Hybrid is the all-wheel drive system. It remains in front-wheel drive until it senses the need for all-wheel drive. The system will then send power to the vehicle’s rear wheels. According to Honda, the CR-V Hybrid gets 40 miles per gallon when drivers take it around town and 35 miles per gallon on the highway.
Destined to Be Top of its Class
The 2020 Honda CR-V Hybrid is a versatile vehicle, one that offers owners reliability and affordability. Honda’s mid-size SUV is a vehicle that people will enjoy owning and are sure to hang onto for years. Come take a CR-V Hybrid for a test drive today.
How to Calculate The Dealer Cost of a Honda CR-V Hybrid
Formula for Calculating Dealer Cost:
- Example: Base Honda CR-V Hybrid invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
- What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.
Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)
Note: All Honda CR-V Hybrid MSRP, invoice and dealer cost dollar figures above are approximate amounts. Prices are subject to change without notice.
A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.