When it comes to cars, the Honda City is one of the most famous names in India. The iconic Honda City once ruled the hearts of Indians and was seen as a symbol of prestige. Even today, as a family car, the City is the best offering in its segment. In addition to its family-friendly character, the Honda City is known for its reliability and durability, and a pre-owned Honda City can be a great deal for you. As a matter of fact, the Honda City is one of those cars that claim the best resale value in the used car market. In this article on a new Honda City vs a used Honda City, we evaluate how much you can save if you pick a used one over a new one and what perks each of them offers you.
New Honda City: Quick Overview
The latest Honda City, or the facelifted Honda City, was launched in March 2023. It came with minor cosmetic updates and the addition of the Level-2 ADAS safety suite to the feature list. In addition to these updates, Honda introduced a new base variant, SV, which is only available with the manual transmission. The rest was the same as the pre-facelift model of the fifth-generation Honda City that was launched in 2020. As always, the Honda City offers the segment-best ride comfort and the legendary i-VTEC engine, which has proven itself as one of the best naturally aspirated petrol engines ever produced. The special quality of this engine is that it offers the best distribution of power and torque across the rpm range, making it unparalleled in terms of all-around performance.
Key Updates of the New Honda City
- Slightly newer grille than that of the old model
- Minimal design updates in the cabin
- A new base, SV, variant in the lineup
- Addition of the Level-2 ADAS safety suite to the feature list
- Six airbags in all variants
New Honda City Ex-Showroom Price
| Car Variant | Transmission | Ex-Showroom Price |
| SV | 6-speed manual | Rs. 12.38 lakh |
| V | 6-speed manual & CVT automatic | Rs. 13.15 – 14.55 lakh |
| Sport | CVT automatic | Rs. 14.89 lakh |
| VX | 6-speed manual & CVT automatic | Rs. 14.22 – 15.62 lakh |
| ZX | 6-speed manual & CVT automatic | Rs. 15.40 – 16.65 lakh |
Note: Prices may vary slightly by location, and dealer discounts are not included.
Used Honda City: Quick Overview
As mentioned, the fifth-generation Honda City was launched in 2020; pretty much the same model is on sale even today. It was powered by a 1.5-litre i-VTEC petrol engine and a 1.5-litre i-DTEC diesel engine. The diesel engine was discontinued in February 2023. As far as features are concerned, except for the Level-2 ADAS safety suite, the pre-facelift Honda City had everything that the current model offers. At the same time, it is worth mentioning that the pre-facelift Honda City did not have the SV variant, and it offered four airbags in base variants and six airbags in top variants, whereas the current model offers six airbags across all variants.
Used Honda City Price Overview
| Production Year | Transmission | Approx. Price |
| 2024 | 6-speed manual gearbox / CVT automatic | Rs. 10 – 14 lakh |
| 2023 | 6-speed manual gearbox / CVT automatic | Rs. 9 – 13 lakh |
| 2023 | 6-speed manual gearbox / CVT automatic | Rs. 8 – 12 lakh |
| 2022 | 6-speed manual gearbox / CVT automatic | Rs. 7 – 12 lakh |
| 2021 | 6-speed manual gearbox / CVT automatic | Rs. 6 – 11 lakh |
The final price depends on the condition, location, and variant.
New Honda City vs Used Honda City: Financing Comparison
| New Honda City ZX Manual | Used Honda City ZX Manual (2023) | |
| On-Road Price | Rs. 17,76,000 | Rs. 12,00,000 |
| Down Payment (20%) | Rs. 3,55,200 | Rs. 2,40,000 |
| Loan Amount | Rs. 14,20,800 | Rs. 9,60,000 |
| Loan Tenure | 5 years | 4 years |
| Interest Rate | 9% | 11% |
| Total Interest | ~ Rs. 3,48,808 | ~ Rs. 2,30,962 |
| Total Paid | Rs. 14,20,800 + Rs. 3,48,808 + Rs. 3,55,200 = Rs. 21,24,808 | Rs. 9,60,000 + Rs. 2,30,962 + Rs. 2,40,000 = Rs. 14,30,962 |
| Difference | Saves: Rs. 6,93,846 |
So yes, the used Honda City would cost you substantially less money than a new Honda City.
New Honda City vs Used Honda City: Insurance Comparison
The car insurance adds a significant cost to the overall running cost of a car. Here is a comparison between the insurance costs of a new Honda City and a used Honda City.
New Honda City ZX Manual (2024)
- Initial Insured Declared Value (IDV): Rs. 7,25,183 Lakh
- First-Year Premium: Rs. 6,666 (approx.)
- Total 5-Year Premium (with depreciation): ₹30,000 (approx.)
Used Honda City ZX Manual (2023)
- Initial IDV: Rs. 6,82,525 Lakh
- First-Year Premium: Rs. 5,882 (approx.)
- Total 5-Year Premium: ₹25,000 (approx.)
So, in terms of insurance cost, a used Honda City will save nearly Rs. 5,000 if you choose it over a new one.
New Honda City vs Used Honda City: Which to Choose?
The last comprehensive update of the Honda City took place in 2020, when its fifth generation was launched. While the facelift in March 2023 gave it some cosmetic updates, a new base – SV variant, and the Level-2 ADAS safety suite, the rest of the new Honda City is the same as the pre-facelift Honda City. So, if you buy a used Honda City, for example, a 2023 model ZX variant, which we have compared above with the new one, you would save over Rs. 6.5 lakh. If you go with an even older model, you can save even more. At the same time, it is important to remember that the Honda City is a car which is globally acclaimed for its dependability and durability. By all odds, the used Honda City proves to be a better value-for-money proposition than a new one.
However, if you want a new Honda City for the sheer value of a brand-new tag, you should buy a new one. Although it is recommended to buy the variant with Level-2 ADAS features, thereby allowing you to use advanced safety technology, and more importantly, one that the pre-facelift model of the Honda City cannot offer.
FAQs
Q. What does a brand-new Honda City offer more than a used Honda City?
A brand-new Honda City or the model produced after its March 2023 facelift will offer you a slightly updated exterior and interior design. The most important thing that this model can offer, which the pre-facelift model cannot, is the Level-2 ADAS safety suite.
Q. Is the new Honda City more fuel-efficient than the old Honda City?
Honda launched the BS6-compliant fifth-generation Honda City in July 2020. Since then, all the Honda City models and even the ones produced after the March 2023 facelift are claimed to deliver the mileage of 17.77 km/l (petrol manual) and 18.40 km/l (petrol CVT).
Q. If I buy a 2-year-old Honda City instead of a new one, how much will I save?
If you buy a 2023 Honda City instead of a new one, you can save over Rs. 6.5 lakh.
Q. Which modern features will I get in a used Honda City?
The fifth-generation Honda City, which was launched in 2020, offers full LED headlamps with LED DRLs, 16-inch alloys, an 8.0-inch touchscreen infotainment system with Apple CarPlay and Android Auto and Weblink compatibility, Honda Connect telematics system with 32 connected car features and Alexa remote capability, a 7.0-inch colour MID, automatic climate control, an electric single-pane sunroof, keyless entry with push button start/stop, paddle shifters, remote engine start, leatherette upholstery, and more. The March 2023 facelift added a Level-2 ADAS safety suite to the Honda City feature list.
