Sign In Join 



Honda Accord vs Toyota Camry

2806 messages,  Last post on Jul 25, 2009 at 4:28 AM

You are in the Honda Accord Forum. Your Hosts are pat & karens

What is this discussion about? Honda Accord, Toyota Camry, Sedan


Messages Page 274 of 281
1
...
271
272
273
274
275
276
277
...
281
Prev
Next
Last
Go To Msg #
Search This Discussion

#2726 of 2806
Re: Camry or Accord? [stlpike07] by thegraduate
Nov 09, 2007 (2:38 pm)
Reply

Replying to: stlpike07 (Nov 09, 2007 12:18 pm)

think your uncle, like me, just enjoys driving new cars and only wants to keep them for a few years. Some people do not like driving old cars and enjoy newer technology, including safety technology. Also, new engines and motors, suspension, stereo, etc.
 
Of Course! Nothing wrong with that. My dad gets bored with cars and changes every couple of years. (02 CR-V, 03 Accord, 05 Accord, 07 Civic - see a pattern? )
 
For those who do their best to spend as little as possible, keeping an old car that costs, say, $200 every quarter at the most to keep running makes more financial sense.
#2727 of 2806
Re: Camry or Accord? [elroy5] by blufz1
Nov 09, 2007 (3:27 pm)
Reply

Replying to: elroy5 (Nov 09, 2007 2:13 pm)

Camry or Accord, the longer you drive 'em the less they cost. Plus it's more fun trading every 10 years or so. Then the new car seems much more,well,"new".
#2728 of 2806
Re: Camry or Accord? [elroy5] by gooddeal2
Nov 10, 2007 (4:05 am)
Reply

Replying to: elroy5 (Nov 09, 2007 2:13 pm)

I don't say that it costs less but the number is very closed. The biggest misunderstanding with most people is that they think if they don't make any payments, their cars are not depreciated. The problem is a car is still depreciating at year 6 to 9, it's just at a lower rate. When a car is older than 10 years old, the depreciation is almost none but you're facing two problems now (1) how many more years can you keep this car running? (2) Repairs?
 
You've been here for a long time and you can do the math.
 
(1) If you trade in after about 5 years = 19.5K for a new 2008 Camry LE - trade in value for 2003 LE w/ 50K miles (10-11K?---edmunds = $10200) + 1 set of tires and brakes after 3rd or 4th year + minor repairs.
 
(2) If you trade in after about 10 years = 19.5K for a new 2008 Camry LE - trade in value for 1998 LE w/ 100K miles (3-4K?---edmunds = $3400) + 2 to 3 set of tires and brakes + minor repairs + possible major repairs b/c you have no warranty from year 6 to 10 (Hopefully it will be less than 1.5K that you save instead of trade it in after 5 years).
 
Actually, there' re people who are willing to pay ~1K just to extend the warranty to 7 years.
#2729 of 2806
Accord or Camry by djm2
Nov 10, 2007 (5:26 am)
Reply
Hi All:
    Friday,I had the opportunity to visit a Honda dealership. (A friend was dropping off his Civic for service,and I had the opportunity to look at some of the vehicles in the showroom.)
    The 2008 Honda Accord is very nice, and it is a big improvement over the 2003 Honda Accord that I owned prior to my 2007 Camry. But, there is still a "Big Issue" with the comfort of the seats. The seats seem to be higher than the 2003, but they are VERY HARD compared to the Camry. (The 2008 Accord had cloth seats, and my Camry has leather). I like the new Accord, and I would consider purchasing one in 2010, if Honda would make softer seats. I spend a lot of time in a vehicle and I need comfort! I do not want "road feel" on my bottom!
    Something very interesting is happening with Honda dealers in Northern New Jersey. They are no longer doing New Jersey inspection. (Too many problems with the State!) My friend had to take his Civic to a service station in town for the inspection, and then have his vehicle serviced at the dealer for specific Honda issues! (He would not use "state run inspection stations" because he feels that they abuse vehicles in the inspection process.)
    Best regards to everyone. ------ Dwayne
#2730 of 2806
Re: Accord or Camry [djm2] by robertsmx
Nov 10, 2007 (10:14 am)
Reply

Replying to: djm2 (Nov 10, 2007 5:26 am)

The preference for seats seems to be the same as it is for mattress. Some like it firm (me), and you like it soft. I can take soft for short rides and all, but it seems to have an adverse effect during long/spirited drives.
 
That said, sometimes cloth versus leather can also make a difference. The leather seats in my 1998 Accord have a softer feel to them compared to cloth trimmed seats in Accords from the same year.
 
The seats in my TL are firmer than the Accord's, and I love it. It adds to sportiness (check out any sports/performance car, they will have firmer seats).
#2731 of 2806
Re: Camry or Accord? [gooddeal2] by robertsmx
Nov 10, 2007 (10:37 am)
Reply

Replying to: gooddeal2 (Nov 10, 2007 4:05 am)

Not even Accord/Camry are expected to hold half of their original price after five years, and more so at trade-in. I would say, $8.5K (which would be right around 5-year residual per ALG). So, on the first car, the buyer spends $13K (taxes not to be left out). And again, after another five years. Total cost: $26K.
 
For another buyer who decided to go 10-years, and manages to sell the car for $2.5K, the cost would be $19K. We're looking at $7K in savings.
 
Compared to replacements at 50K miles, 100K miles will basically add another set of tires, batteries, potentially bulbs potentially brakes (original front brakes in my 1998 Accord lasted 90K miles, and rear brake pads were replaced at 132K miles, and at 183K miles, those were the only brake pad replacements I have had to make). No modern car should demand $6K-7K in repairs between 50-60K miles, much less the cars that set the benchmark in durability.
 
BTW, one of the reasons I can afford to have two cars in my garage (06 TL w/30K miles, 98 Accord w/183K miles) is that it has cost next to nothing in maintenance which wouldn't have been possible if I were still making payments on it. The insurance cost goes down too.
#2732 of 2806
Re: Camry or Accord? [gooddeal2] by elroy5
Nov 10, 2007 (11:09 am)
Reply

Replying to: gooddeal2 (Nov 10, 2007 4:05 am)

Although $19, 500 is way too low for a Camry LE, I will go with that number. So I am to believe that the $19,500 price of a second new car in a ten year period will be covered by the depreciation and repair costs between year 6 and 10. Those depreciation and repair costs would have to be $325/month. That's one heck of a lemon. Sure glad I didn't buy an 08 Camry LE.
 
Nice try, but the numbers don't add up.
#2733 of 2806
Re: Camry or Accord? [robertsmx] by gooddeal2
Nov 10, 2007 (11:38 am)
Reply

Replying to: robertsmx (Nov 10, 2007 10:37 am)

8.5K for a 2003 Camry LE? I think it's a bit too low. I just posted for an auction # and see what people can get at trade in.
 
Tax? We only pay tax on the diff. in most states. So, 19.5K - 8.5K = 11K + 6% tax = $11,660 (not 13K).
 
90K to replace brakes? You're lucky. I replaced my Avalon brakes at 38K miles, Corolla at 40K miles, Camry at 45K miles, and G35 re-surface rotor at 10K miles. I like to change my tires sooner even if it' in o.k condition b/c I live in the Northeast.
#2734 of 2806
Re: Camry or Accord? [elroy5] by gooddeal2
Nov 10, 2007 (11:52 am)
Reply

Replying to: elroy5 (Nov 10, 2007 11:09 am)

Although $19, 500 is way too low for a Camry LE
 
Well, invoice for '08 LE = ~19.5K - 500 cash = ~19K
 
I don't add tax here b/c we have diff. tax rate, tax credit on trade or no tax at all.
 
Nice try, but the numbers don't add up.
 
Show me your number...the only thing you can disagree w/ me is the trade in value which I'm waiting for the auction number.
#2735 of 2806
Re: Camry or Accord? [gooddeal2] by robertsmx
Nov 10, 2007 (12:02 pm)
Reply

Replying to: gooddeal2 (Nov 10, 2007 11:52 am)

Show me your number...the only thing you can disagree w/ me is the trade in value
 
About $800. This includes timing belt/water pump, front brake pads, battery and a headlamp may have been replaced ($12). In fact, with 183K miles now, it has had only one repair... a cracked radiator hose. That happened around 152K miles or so.
 
If someone buys a new car, for that span, the cost would be several times over (and $800 may actually be equal to taxes paid).
 
And we're assuming the person doesn't finance, but buys on cash. Otherwise don't forget to add interest.
 
One of the appeals of buying an Accord or Camry is that you don't have to consider replacing it after 50K miles from fear of repairs. In fact, that was something I told the finance guy when picking up my Accord ten years ago. He was trying to sell extended warranty... told him, if I felt the need for it, I wouldn't be buying a Honda. Saved a grand in the process.

Messages Page 274 of 281
1
...
271
272
273
274
275
276
277
...
281
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement