2020 Honda Fit Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
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The 2020 Honda Fit is a subcompact hatchback from Honda. It is affordable, economical, and safer than ever. However, its interior is surprisingly spacious, and drivers and passengers alike will appreciate the copious amounts of legroom afforded to them. The 2020 Honda fit is also enjoyable to drive.
What’s new for 2020?
The 2020 Honda Fit is the newest addition to the fifth generation of the Fit, which debuted in 2015. This year’s Fit retains its low center of gravity thanks to its fuel tank, which is mounted centrally. The front end receives a significant improvement as well. The Honda Fit features two different grille designs; a conventional grille and headlight pairing as well as a slim grille paired with a body-colored trim piece.
The Honda Fit is available in several different trims, including the LX, Sport, EX and the EX-L. The Sport trim features black accents and black rims, while the EX-L comes lined with high-quality leather-trimmed upholstery and a leather-wrapped steering wheel. The standard engine on all models remains the same. However, buyers have a choice in terms of transmission options. The Honda Fit is available with either a sporty 6-speed manual transmission or a fuel-efficient continuously variable transmission.
The 2020 Honda Fit feels less like a hatchback and more of a compact minivan in terms of size. Its exterior shape is designed to create maximum interior space. The radical change in the exterior design of the Fit is quite noticeable as compared to previous design years.
The Honda Fit has a luxurious and roomy interior. The seats have excellent support, and the rear passengers get more than adequate legroom even for long-distance driving. The dashboard is lined with smooth materials, and a 7.0-inch infotainment touchscreen dominates it. The materials on the base model feel more improved than in previous years. On higher trim levels, the leather upholstery looks and feels expensive.
As standard, the Honda Fit comes with air conditioning and an air filtration system, power windows, and 12V power outlets. The infotainment system is compatible with Apple CarPlay and Android Auto. Higher trim levels also feature a power moonroof, which has a tilt feature, as well as heated body-colored power side mirrors.
The standard engine on all Honda Fit trim levels is the 1.5L naturally aspirated inline 4-cylinder engine that produces 130HP and 114lb-ft of torque. The standard transmission is a 6-speed manual, but a CVT transmission is also available. The lightweight of the Fit, combined with this responsive powertrain, allows it to sprint from 0 to 60mph in about 10seconds. The CVT performs significantly better in terms of acceleration and fuel economy.
The Honda Fit offers a comfortable ride, thanks to a versatile suspension. The front wheels are linked to a MacPherson strut independent suspension and a 1-inch stabilizer bar, while the rear wheels feature a torsion-beam rear suspension. This soft suspension allows the Honda Fit to perform exceptionally well in tight corners, with little to no body roll. The steering wheel is nimble and responsive, allowing the driver to feel the road and enjoy the drive.
The 2020 Honda Fit is not only roomy and comfortable, but it is also safe and reliable. The Fit earned a 5-star rating in crash tests performed by the NHTSA. The high safety ratings were due to the myriad of active and passive driver assistance features on it.
Some of the safety features are passive and basic on most vehicles, such as an Anti-lock Braking system and traction control. However, other features are much more advanced, such as Lane-keeping assist and lane departure warning. These features actively monitor the lane markings and the position of the vehicle. Without the activation of the turn-signal, this system helps the driver maintain the location of the car.
The Honda Fit is well known for its fuel economy ratings. For 2020, the ratings are just as impressive. The base model with a 6-speed manual transmission earns an EPA fuel-mileage rating of 29mpg-city, 36mpg-highway, and 31mpg-combined. The base model with the CVT receives ratings of 33mpg-city, 40mpg-highway, and 36mpg-combined. Higher trim levels sacrifice the fuel economy in favor of performance. Higher trim levels earn EPA ratings of 31mpg-city, 36mpg-highway, and 33mpg-combined.
All in all, the Honda Fit looks and feels like a sporty minivan. It offers fuel economy, comfort, and space in a compact and affordable package. The 2020 Honda Fit offers an excellent choice for drivers who want a subcompact hatchback that is spacious, safe, and lined with high-quality materials. The Honda Fit is fun to drive, and it is lined with impressive safety tech and convenience features.
For more information on the availability of the new Honda Fit, contact our dealership directly to speak with a member of our friendly sales staff and schedule a test drive today.
How to Calculate The Dealer Cost of a Honda Fit
Formula for Calculating Dealer Cost:
- Example: Base Honda Fit 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 Fit 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.