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In 1984, Honda sleeved down the engine in response to tarriff rate hikes for 750's, and the Magna became the VF700C. The V45 engine was remarkably narrow, being only 16 inches wide, and had perfect primary balance, making for a smooth engine. The concept probably came about as a loose derivation from the NR500 oval pistoned V-Four racer.

The V-Four design had only been used a few times in the history of Motorcycles, most noteably by Matchless. The V-Four engine was very prominent in Honda's early 80's line-up, with the Interceptor's, Magna's and Sabre's. The serial number began JH2PC130*FM100001. The engine was a 498cc DOHC 4-valve liquid-cooled V-4 linked to a 6-speed transmission. The chrome exhaust system was a 4-into-2. The headlight was chrome and rectangular. The 1985 VF500C V30 Magna was sold in one of two colors: Black or Candy Wineberry Red. The California serial number began JH2PC1317EM000004 while the rest of the United States models began JH2PC1300EM000028.

The "HONDA" fuel tank logo was straight, not curved in this first year. Two colors were available: Candy Andromeda Red and Black. The bike also featured a hydraulic clutch, twin horns, and engine temperature gauge.The 1984 Honda Magna V30, designated VF500C'84 (VF500CL'84 in California), was sold in 1984. But the shaft drive also decreased the power during in-town or lower speed driving. There was a shaft drive, which means it had almost no maintenance required. This was perfect for good economy at highway speeds. The Honda Magna also was a water-cooled, six-speed transmission. The four cylinders gave a smooth delivery of power. In the 80's the Honda Magna had a V4 engine with a 90-degree layout. Doris Maron was bold enough to tour solo and without a support crew. This cruising bike found fame when a grandmother used it to tour the world. Yet it made a comeback in 1994 and was on the market until 2003. The boom of the ‘70s reached its peak and Honda held on for as long as possible. There was a decline in motorcycle sales at that time. The engine on the Magna contributed to the evolution of the motorcycle. The Honda Magna was a cruising bike made by Honda in 1982 to 1988.