Honda - Insight (2002)

The 2002 Honda Insight is one of the first hybrid cars that caught the eye of eco‑conscious drivers in the early 2000s. Its sleek, compact design belied a futuristic powertrain that promised both economy and efficiency. Whether you’re a seasoned collector or a first‑time buyer exploring the used Honda Insight price, understanding how the model has performed on the market over the past two decades is essential. Below, we break down the car’s key specifications, depreciation trajectory, and its place among comparable hybrids, all while keeping your budget in mind.

Key Specifications

• Engine: 1.4‑liter K20A inline‑four (internal combustion) paired with a small electric motor.
• Power Output: Combined 97 hp (≈72 kW) and 87 lb‑ft (≈118 Nm) of torque.
• Transmission: Continuously Variable Transmission (CVT) with “Hybrid Mode” and “Eco” settings.
• Fuel Type: Gasoline with electric assist; approximate fuel economy 30 mpg city / 39 mpg highway.
• Battery: 1.2‑V NiMH pack (4 cells) that charges via regenerative braking and the gasoline engine.
• Vehicle Dimensions:
  • Length: 147.1 inches (3,748 mm)
  • Width: 60.4 inches (1,533 mm)
  • Height: 53.8 inches (1,368 mm)
  • Wheelbase: 101.8 inches (2,585 mm)
• Weight: 2,220 lbs (≈1,006 kg)
• Drivetrain: Front‑wheel drive (FWD) with shared power‑train architecture.
• Interior: Two‑seat cockpit with digital instrument cluster and optional navigation in later trims.
• Safety: Dual‑front airbags, ABS, traction control, and a 5‑star NCAP safety score.

These specifications highlight how the Insight aligned with Honda’s philosophy of “small but efficient.” Although it was a niche model at launch, its specs place it well within the competitive compact hybrid segment.

Depreciation Insight

The Honda Insight depreciation curve follows typical trends for early hybrid models, balancing novelty with technological obsolescence. A detailed look:

• First year: loses roughly 15–20% of its market value, largely driven by the excitement of a first‑generation hybrid.
• Second year: an additional 5–10% decline as the novelty wears off, but not as steep due to the car’s solid reliability record.
• Years three to five: depreciates 3–5% annually, reflecting normal wear, model updates, and the arrival of more advanced hybrids.
• After five years: the vehicle stabilizes, with a residual value of around 35–40% of its original price, making it a sustainable long‑term owner.

When you’re evaluating the used Honda Insight price, a vehicle that is five to six years old usually sits in the 35–45% residual value bracket among comparable 2002‑model hybrids.

Comparison Context

Compared to similar models like the 2001 Toyota Prius or the 2002 Ford Escape Hybrid, the Insight remains competitive in several key areas:

• Fuel Economy: Slightly behind the Prius but in the same range (25–30 mpg).
• Reliability: Top‑tier rating, commonly cited as one of Honda’s most dependable hybrids.
• Resale Value: The Insight’s resale values often remain higher among early hybrids due to its cult status.
• Interior Space: Slightly smaller cabin but still sufficient for two occupants; the Prius offers more headroom for a single occupant.
• Technology:

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