You’re looking at a 2024 Honda Passport for $48,480 and wondering if that’s a fair deal. The question of whether this price is reasonable or excessively higher is a common one in today’s market.
New car prices have climbed significantly, making it hard to know what you should really pay. We’ll break down the Passport’s value, trim levels, and current market conditions to give you a clear answer. This will help you decide if this SUV is worth your investment.
2024 Honda Passport for $48,480: Reasonable or Excessively Higher?
To answer this, we need to look at several factors. The sticker price alone doesn’t tell the whole story. You must consider the trim, included features, dealer adjustments, and how it compares to rivals.
Let’s start with the basics of what the Passport offers.
Understanding the 2024 Honda Passport Lineup
The Passport comes in several trims, each with a different starting price. The base model is much lower than $48,480, so that price point indicates a higher trim level or added options.
Here are the main trims for 2024:
- Passport Sport: The entry model with standard features like a 9-speed automatic transmission, Honda Sensing® safety suite, and a 7-inch touchscreen. It starts around $41,000.
- Passport EX-L: Adds leather-trimmed seats, a power tailgate, and a 10-way power driver’s seat. It starts around $44,000.
- Passport TrailSport: The off-road focused trim with all-terrain tires, unique styling, and upgraded suspension. It starts around $46,000.
- Passport Elite: The top-tier model with ventilated front seats, a heated steering wheel, wireless charging, and a premium audio system. It starts around $48,000.
A price of $48,480 is very close to the Elite’s starting MSRP. This suggests the vehicle in question is likely an Elite trim, possibly with just one or two minor add-ons like floor mats or cargo accessories. On the surface, this seems close to the manufacturer’s suggested retail price.
What Does the Passport Offer for the Money?
For nearly $50,000, you should expect a capable and well-equipped vehicle. The Passport delivers in several key areas.
Its standard engine is a robust 3.5-liter V6 producing 280 horsepower. This gives it strong towing capacity of up to 5,000 pounds when properly equipped. All models come with standard all-wheel drive (i-VTM4®), which is great for both bad weather and light off-roading.
The interior is spacious, especially for rear-seat and cargo room. The second row slides and reclines, and the cargo area is one of the largest in the class. For families or adventurers, this practicality is a huge selling point.
Where the Passport Shows Its Age
However, the Passport’s design is starting to feel a bit dated compared to newer rivals. The infotainment system, while functional, features a smaller screen and less intuitive software than what you find in competitors like the Hyundai Santa Fe or Kia Telluride. Some cabin materials on lower trims don’t quite scream “luxury,” though the Elite trim addresses this somewhat.
Fuel economy is also just average for the class, with an EPA estimate of 19 city / 24 highway mpg. If you do a lot of city driving, you’ll be visiting the pump regularly.
Breaking Down the $48,480 Price Tag
Is $48,480 reasonable? Let’s do a quick check.
- Check the Trim: Confirm it’s an Elite. The window sticker (Monroney label) will list the MSRP for the base Elite and every added option.
- Add Up Options: Common add-ons for the Elite might include special paint ($395-$500), crossbars, or a protection package. See if the options justify the final number.
- Look for Market Adjustments: This is critical. Some dealers add a “market adjustment” or “dealer adjustment” fee due to high demand. This is pure profit for them and inflates the price beyond MSRP. A $48,480 price on an Elite could include such a fee if the base MSRP plus options doesn’t add up.
If the $48,480 is the total MSRP with destination charge and legitimate options, it’s a reasonable asking price relative to Honda’s pricing. If it includes a market adjustment over MSRP, then it becomes excessively higher than what the manufacturer says the car is worth.
How It Compares to Key Competitors
Context is everything. Let’s see what else you can get for around $48,000.
- Jeep Grand Cherokee Laredo: A more refined interior and brand prestige, but base engine may feel less powerful. Pricing starts in a similar range.
- Ford Explorer XLT: Offers optional third-row seating (the Passport only has two rows). Often has stronger incentives and discounts.
- Subaru Outback Wilderness: More extreme off-road capability for less money, but with less power and a different, wagon-like form.
- Kia Telluride SX: Often praised for its upscale interior and features. However, it’s frequently sold at or above MSRP due to high demand, sometimes making it more expensive than a Passport Elite.
The Passport holds its own with its simple, rugged capability and Honda reliability reputation. But in terms of interior tech and plushness, some competitors offer more for a similiar outlay.
Negotiation Tips for a Fair Deal
Never assume the sticker price is final. Even in a market where discounts are rare, you have strategies.
- Get the Full Breakdown: Ask the salesperson for a line-item breakdown of the $48,480. Identify any non-government fees.
- Research Actual Transaction Prices: Use websites like Edmunds or Kelley Blue Book to see what people are actually paying in your area for a Passport Elite. This is your most powerful tool.
- Contact Multiple Dealers: Get quotes from several Honda dealers within a reasonable distance. Use one quote to leverage a better offer from another.
- Consider Timing: Shopping at the end of the month, quarter, or year can sometimes help, as dealers are trying to meet sales goals.
- Look at Financing Differently: Sometimes Honda offers special APR financing instead of cash discounts. Calculate which saves you more money overall.
Remember, a fair deal is one where you feel confident you paid a price aligned with the market value, not just the MSRP.
The Verdict: Reasonable or Excessive?
So, is a 2024 Honda Passport for $48,480 reasonable or excessively higher?
If this price represents a well-optioned Elite trim at MSRP with no market adjustment, then it is reasonable. You are paying what Honda asks for its top-of-the-line model with desirable features. The Passport Elite is a capable, spacious, and reliable SUV that will serve a family well for years.
If this price includes a market adjustment fee, excessive dealer-added accessories, or is for a lower trim like the TrailSport, then it is excessively higher. In that case, you are overpaying for the vehicle relative to its intended value.
The final call depends on your personal priorities. If you value Honda’s proven mechanics, spacious two-row design, and towing capability, and you can get it at MSRP, it’s a justifiable purchase. If you are more focused on cutting-edge interior tech and a luxurious ride, you might find better value elsewhere at that price point.
Always do your homework, negotiate confidently, and never be afraid to walk away if the numbers don’t add up. There are plenty of SUVs in this segment, and the right deal for you is out their.
Frequently Asked Questions (FAQ)
What is the MSRP of the 2024 Honda Passport?
The 2024 Honda Passport starts at an MSRP of around $41,000 for the Sport trim. The top Elite trim starts at around $48,000, not including destination or options.
Is the Honda Passport a good value?
The Passport offers good value for buyers who prioritize space, standard V6 power, and all-wheel drive. Its value diminshes if you are seeking the latest interior technology or maximum fuel efficiency.
Does the Honda Passport hold its value?
Yes, Honda SUVs traditionally have strong resale value. The Passport is expected to retain a good percentage of its original price after several years, which helps offset its initial cost.
What is the difference between Passport TrailSport and Elite?
The TrailSport is geared for off-road appearance and mild capability with unique tires and styling. The Elite focuses on on-road luxury with features like ventilated seats, a premium sound system, and additional comfort and convenience tech.
Should I pay above MSRP for a Honda Passport?
It is rarely advisable to pay over MSRP. Market conditions can vary, but paying a “market adjustment” fee means you are immediately upside-down on your loan. Consider waiting or looking at other dealers if this is the case.