How Much Does a 2024 Honda Accord Cost? Pricing Guide
If you’re in the market for a practical, reliable, and feature-packed midsize sedan, the Honda Accord should be at the top of your list. This Japanese automaker’s flagship sedan has long been a favorite among families and commuters alike, offering a compelling blend of performance, comfort, and value.
But with so many trim levels and options to choose from, determining the exact cost of a new Honda Accord can be a daunting task. How much should you expect to pay for a 2024 Honda Accord?
The starting price for the 2024 Honda Accord ranges from $27,895 for the base LX trim to $39,985 for the top-of-the-line Touring Hybrid model. However, the final cost can vary significantly depending on the trim level, powertrain, and additional features you select.
In this comprehensive guide, we’ll dive deep into the pricing structure of the 2024 Honda Accord, exploring the different trim levels, engine options, and feature packages available. We’ll also compare the Accord’s pricing to its main competitors in the midsize sedan segment and assess its overall value proposition, helping you determine if this popular vehicle is worth the investment.
Whether you’re a first-time Accord buyer or a loyal Honda enthusiast, this post will equip you with all the information you need to make an informed decision about the cost of your next vehicle.
What Are the Different Trim Levels and Prices of the 2024 Honda Accord?
The 2024 Honda Accord is available in six well-equipped trim levels, each with its own set of features and corresponding price point. Here’s a breakdown of the different trims and their starting prices:
- LX (Starting at $27,895): As the base model, the LX comes with a 1.5-liter turbocharged four-cylinder engine, a continuously variable transmission (CVT), and a host of standard features like LED headlights, a 7-inch touchscreen display, and Honda’s suite of advanced safety technologies.
- EX (Starting at $31,005): Stepping up to the EX trim adds features like a 12.3-inch touchscreen display, blind-spot monitoring, and a power-adjustable driver’s seat, among other conveniences.
- Sport Hybrid (Starting at $33,990): This trim level introduces Honda’s efficient hybrid powertrain, which combines a 2.0-liter four-cylinder engine with two electric motors for a combined output of 204 horsepower. It also adds sporty exterior styling elements and 19-inch alloy wheels.
- EX-L Hybrid (Starting at $35,635): The EX-L Hybrid builds upon the Sport Hybrid’s features with luxurious touches like leather upholstery, a power-adjustable front passenger seat, and a premium audio system.
- Sport-L Hybrid (Starting at $35,970): This trim level combines the sportier exterior styling of the Sport Hybrid with the upscale interior appointments found in the EX-L Hybrid.
- Touring Hybrid (Starting at $39,985): At the top of the lineup, the Touring Hybrid is loaded with every available feature, including a head-up display, wireless device charging, and a premium audio system with 10 speakers.
It’s worth noting that these prices are the manufacturer’s suggested retail prices (MSRPs) and do not include additional fees such as destination charges, taxes, and dealer markups, which can vary depending on your location and the specific dealership.
What Features Come Standard at Each Trim Level?
While the base LX trim is well-equipped, stepping up through the Accord’s trim levels unlocks a wealth of additional features and creature comforts. Here’s a quick overview of some of the key features you’ll find at each level:
LX:
- 1.5-liter turbocharged four-cylinder engine
- Continuously variable transmission (CVT)
- LED headlights and taillights
- 7-inch touchscreen display
- Honda Sensing suite of advanced safety technologies
EX:
- 12.3-inch touchscreen display
- Blind-spot monitoring system
- Power-adjustable driver’s seat
- Heated front seats
- Dual-zone automatic climate control
Sport Hybrid and Sport-L Hybrid:
- 2.0-liter hybrid powertrain (204 hp combined)
- Sporty exterior styling with 19-inch alloy wheels
- Leather-wrapped steering wheel and shift knob (Sport-L)
- Premium audio system (Sport-L)
EX-L Hybrid:
- Leather upholstery
- Power-adjustable front passenger seat
- Heated rear outboard seats
- Premium audio system
Touring Hybrid:
- Head-up display
- Wireless device charging
- Premium audio system with 10 speakers
- Rain-sensing windshield wipers
- Parking sensors (front and rear)
As you can see, each step up the trim ladder adds more comfort, convenience, and technology features, allowing you to tailor your Accord to your specific needs and preferences.
What Factors Influence the Price of a Honda Accord?
While the trim level is the primary factor that determines the starting price of a Honda Accord, several other variables can impact the final cost of your vehicle. Let’s explore some of the key factors that influence the Accord’s pricing.
Engine and Powertrain Options
The 2024 Honda Accord offers two powertrain options: a 1.5-liter turbocharged four-cylinder engine and a 2.0-liter hybrid powertrain. The turbocharged engine comes standard on the LX and EX trims, while the hybrid powertrain is exclusive to the Sport Hybrid, EX-L Hybrid, Sport-L Hybrid, and Touring Hybrid models.
Opting for the hybrid powertrain will result in a higher starting price, but it also promises improved fuel efficiency and enhanced performance. The hybrid models are generally more expensive than their non-hybrid counterparts, with the price difference ranging from a few thousand dollars to over $10,000 for the top-of-the-line Touring Hybrid.
Exterior and Interior Options
In addition to the trim level, the exterior and interior options you select can also impact the final price of your Honda Accord. For instance, choosing larger alloy wheels or adding a premium paint color can increase the cost.
Similarly, upgrading to higher-quality interior materials like leather upholstery or opting for additional comfort features like heated and ventilated seats can drive up the price tag. Honda also offers various accessory packages that bundle popular options together, potentially saving you money compared to selecting them individually.
Technology and Safety Packages
The 2024 Honda Accord comes standard with an impressive array of advanced safety technologies, including forward collision warning, lane departure warning, and adaptive cruise control. However, some of the more sophisticated tech features, like a head-up display or wireless device charging, are reserved for higher trim levels or available as optional packages.
If you want to take advantage of the latest in-vehicle technology, be prepared to pay a premium. Safety and technology packages can add several thousand dollars to the cost of your Accord, but they can also provide added peace of mind and convenience on the road.
How Does the Accord’s Pricing Compare to Other Midsize Sedans?
While the Honda Accord may not be the most affordable option in the midsize sedan segment, it offers a compelling value proposition that justifies its higher price point. Let’s take a look at how the Accord’s pricing stacks up against some of its key competitors:
- Toyota Camry: The Camry is one of the Accord’s closest rivals, with a starting price that ranges from $26,420 to $36,845 for the hybrid models. While the Camry may have a slight edge in terms of affordability, the Accord typically outshines it in areas like driving dynamics and interior quality.
- Kia K5: Kia’s midsize offering, the K5, boasts a lower starting price of $25,590, making it a more budget-friendly option than the Accord. However, the K5’s higher trim levels can quickly approach or even exceed the Accord’s pricing, especially when loaded with additional features.
- Hyundai Sonata: Another value-oriented contender, the Hyundai Sonata starts at $25,100 for the base model and tops out around $35,325 for the range-topping Limited trim. Like the K5, the Sonata may be less expensive initially, but its pricing can escalate rapidly as you add more options and higher trim levels.
While the Honda Accord may not be the cheapest option in its class, its combination of well-rounded performance, premium interior quality, and advanced safety and technology features often justify its higher price tag, especially when you consider its long-term value and reliability.
Is the Honda Accord a Good Value for the Money?
When it comes to assessing the value proposition of a vehicle, it’s essential to consider more than just the upfront cost. The Honda Accord’s value extends far beyond its initial purchase price, making it a wise investment for many buyers.
Expert Reviews and Ratings
automotive experts and industry critics have consistently praised the Honda Accord for its well-rounded nature, praising its blend of performance, comfort, and practicality. In fact, the Accord has earned numerous accolades and awards, including a spot on Car and Driver’s prestigious 10Best list for 2024.
In their review, Car and Driver lauded the Accord’s “handsome exterior, fuel-sipping hybrid powertrain on most models, roomy and practical interior,” adding that it’s “the reigning family-sedan champ [that] still satisfies with enjoyable road manners, stingy fuel economy, and value-oriented packaging.”
Resale Value and Maintenance Costs
One of the most significant factors contributing to the Honda Accord’s long-term value is its impressive resale value. According to industry experts like Kelley Blue Book and Edmunds, the Accord consistently ranks among the top vehicles in its class for retaining its value over time. This means that when it comes time to sell or trade in your Accord, you’re likely to recoup a larger portion of your initial investment compared to many of its competitors.
In addition to its strong resale value, the Honda Accord is also renowned for its reliability and relatively low maintenance costs. Honda vehicles are known for their dependability, and the Accord is no exception. With proper care and maintenance, an Accord can easily surpass the 200,000-mile mark without major issues, translating to fewer costly repairs and lower overall ownership costs.
Furthermore, Honda offers a comprehensive warranty package that includes a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty, providing added peace of mind and protection against unexpected repair expenses.
Frequently Asked Questions About Honda Accord Pricing
Even after exploring the various factors that influence the cost of the Honda Accord, you may still have some lingering questions. Here are some of the most frequently asked questions about Accord pricing, along with their answers:
Q: Are there any special offers or incentives available on the Honda Accord? A: Honda often offers various incentives and promotional deals on the Accord, including cash rebates, low-interest financing rates, and lease specials. These offers can help reduce the overall cost of ownership and make the Accord more affordable. Be sure to check with your local Honda dealer for the latest incentives and pricing information.
Q: Can I expect to pay the MSRP for a Honda Accord, or is there room for negotiation? A: While the MSRP (Manufacturer’s Suggested Retail Price) is a good starting point, it’s not uncommon for dealers to offer discounts or negotiate on the final price. However, the amount of wiggle room can vary depending on factors such as the specific trim level, demand, and the dealer’s inventory levels. It’s always a good idea to research fair market prices in your area and be prepared to negotiate if necessary.
Q: What financing options are available for the Honda Accord? A: Honda Financial Services offers a variety of financing options for the Accord, including traditional loans and lease programs. Depending on your credit score and financial situation, you may qualify for special rates or incentives. It’s also worth considering third-party financing through your bank or credit union, as they may be able to offer competitive rates.
Q: How do the costs of the hybrid and non-hybrid Accord models compare over the long run? A: While the hybrid Accord models typically have a higher upfront cost, they can often offset this premium through improved fuel efficiency and potential tax incentives or rebates. Over the course of several years of ownership, the fuel savings and lower operating costs of a hybrid Accord can make it a more cost-effective choice in the long run, especially for those who drive a significant number of miles annually.
Final Verdict
The Honda Accord’s pricing may seem higher than some of its competitors initially, but its well-rounded package of features, performance, and long-term value make it a worthwhile investment for many buyers. With various trim levels and powertrain options to choose from, there’s an Accord configuration to suit nearly any budget and preference. By considering factors like resale value, fuel efficiency, and overall reliability, the Accord proves to be a smart choice for those seeking a practical, comfortable, and enjoyable midsize sedan.
