The Honda CR-V is one of the most popular compact SUVs on the market. First introduced in 1996, the CR-V has consistently been a top seller for Honda and helped establish the compact crossover segment.
The second generation CR-V was introduced for the 2002 model year and ran through 2006. With excellent reliability, practicality, and value, many consumers are still driving these CR-Vs well over 15 years later.
For potential used CR-V buyers, understanding how much a 2004 model may be worth in today’s market can help guide negotiations and set reasonable expectations.
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Overview of the 2004 Honda CR-V
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The 2004 Honda CR-V was part of the second generation of the CR-V, which spanned model years 2002 to 2006. Some key features and specs of the 2004 CR-V include:
- Two engine options: 2.4L 4-cylinder or 2.0L 4-cylinder
- Front wheel drive or all-wheel drive
- Seating for up to 5 passengers
- Optional folding picnic table built into the cargo area
- Ground clearance of 6.3 inches (AWD model)
- Optional navigation system
- Standard safety features like side airbags and antilock brakes
The CR-V was praised for its comfortable ride, responsive handling, versatile cargo space and available all-wheel drive system. It provided a good blend of SUV capabilities along with the maneuverability and fuel efficiency of a car.
Used 2004 Honda CR-V Pricing Factors
When determining how much a used 2004 CR-V may be worth, there are several key factors at play:
Mileage
Mileage is generally the most significant contributor to used vehicle value. The fewer miles a 2004 CR-V has accumulated, the more it will tend to be worth compared to a higher mileage example. According to Kelley Blue Book, a 2004 CR-V in “excellent” condition with under 60,000 miles could be valued at around $5,500 – $7,000 in August 2023. A “fair” condition model with 140,000 miles may only be worth $3,000 – $3,500.
Trim Level and Options
The LX was the base trim in 2004, followed by the more well-equipped EX, which added amenities like power windows/locks, keyless entry and alloy wheels. The EX could also be equipped with leather seats and a moonroof. Higher trim levels and additional options will add to resale value.
Condition
How well the 2004 CR-V has been maintained and its overall condition heavily sways value. Examples with no accidents, spotless interiors and comprehensive service records command much higher prices over those that have wear and tear or mechanical issues. Rust, accidents and mods/customizations can diminish value.
Location
Location also plays a role in used car prices. Vehicles in areas with high market demand, harsh weather conditions or environmental regulations like California tend to be pricier. 2004 CR-Vs listed for sale in the Midwest or South are more likely to be lower cost than on the coasts.
Typical Listing Prices for a 2004 Honda CR-V
To get an idea of real-world asking prices, here are some example 2004 CR-V listings found online in August 2023:
- 2004 Honda CR-V LX AWD with 108,000 miles in “good” condition in Ohio – $5,200
- 2004 Honda CR-V EX FWD with 196,000 miles in “fair” condition in Texas – $3,800
- 2004 Honda CR-V EX AWD with 134,000 miles in “good” condition in California – $6,000
- 2004 Honda CR-V LX FWD with 212,000 miles in “fair” condition in Indiana – $3,000
Estimating Your 2004 CR-V’s Trade-In Value
Many 2004 CR-V owners will be trading their used models in when purchasing another vehicle. When estimating a trade-in value, dealers will thoroughly inspect the vehicle and make a competitive offer based on factors like:
- Mileage
- Overall condition and maintenance
- Engine and transmission function
- Tires and brakes
- No check engine lights or error codes
- Working AC and electronics
- No body damage or rust
Clean examples with moderate mileage can expect trade-in quotes of $4,000 – $6,000 depending on location and demand. Higher mileage examples may only yield $2,000 – $3,500 on trade in. Using online price guides for “good” condition examples, negotiating a fair price, and shopping multiple dealers helps maximize trade-in value.
Private Party Sales Offer Top Dollar
To attain top dollar for a 2004 CR-V, selling privately rather than trading in is key. Online classifieds sites like Craigslist, Facebook Marketplace and eBay Motors provide access to interested used car buyers. Pricing competitively based on condition and mileage while highlighting maintenance records, and being willing to negotiate will yield the highest potential sale price.
Patience may be required to wait for the buyer willing to pay top dollar, but private party sales often result in several hundred to a few thousand dollars more compared to trades. Willingness to pay for a pre-purchase inspection and Carfax report also signals a motivated buyer. Reviewing title transfer procedures and accepting secure payment methods protects against scams for a smooth private sale.
Is the 2004 Honda CR-V a Good Used Buy?
The 2004 CR-V does remain a very solid used compact SUV purchase even at 15+ years old for the right price. The CR-V has a reputation for excellent long-term reliability when properly maintained. The interior materials and construction have held up fairly well over time. Repairs and maintenance are very affordable compared to other brands. Fuel economy is also impressive for an AWD equipped SUV, ranging from 21-29 mpg.
There are some downsides – safety tech is very outdated compared to modern vehicles. The ride is not as refined as the latest CR-V models. Passenger and cargo space is lacking compared to newer compact crossovers. But as an inexpensive, reliable and fuel efficient used SUV for driving around town, the 2004 CR-V still delivers. Understanding approximate value based on miles and condition helps shoppers get a good deal.
The Bottom Line on 2004 Honda CR-V Value
The 2004 CR-V saw record sales and the used market remains strong for this practical SUV. Well maintained, low mileage examples can still command $5,000+ in the used marketplace. Budget around $3,000 – $4,000 for an “average” condition 2004 CR-V with over 100k miles. And high mileage models can make great inexpensive transportation at $2,000 or less. Shoppers focused on value, reliability and fuel economy will appreciate what a 15+ year old CR-V still offers compared to other older SUVs.
