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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


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#2736 of 2806
Re: Camry or Accord? [robertsmx] by gooddeal2
Nov 10, 2007 (12:14 pm)
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Replying to: robertsmx (Nov 10, 2007 12:02 pm)

Again, I've never said it's cheaper to trade in cars more often but the # can be closed b/t 5 years and 10 years. However, you will SAVE a lot of $$ when it passes 10 years mark because you pay almost 0 depreciation.
#2737 of 2806
Re: Camry or Accord? [gooddeal2] by elroy5
Nov 10, 2007 (12:35 pm)
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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 which I'm waiting for the auction number.
 
The numbers were there. Pretty simple. Depreciation and repair/maintenance costs between year 5 and 10 would have to equal the price of the new car. That's $325/month or $4,000/year, however you want to put it. Cars do not depreciate much between years 6 and 10, like you mentioned, and tires, brakes, and batteries are going to wear just as quickly on a 5 year old car, as they will on a 10 year old car, so they don't count.
 
My point is depreciation, repair, and the few extra maintenance items between year 6 and 10 will probably not equal $4000 (and that would be remarkably high). So that leaves you with $15,000 of extra costs for the new car. And that is extremely conservative. Not even close.
 
Just say you want a new car every 5 years, because you want a new car every 5 years. Saying it is cost effective is poppycock, if you'll pardon my French.
#2739 of 2806
Re: Camry or Accord? [elroy5] by gooddeal2
Nov 10, 2007 (1:06 pm)
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Replying to: elroy5 (Nov 10, 2007 12:35 pm)

Well, I just got the trade in # and yes, it's 10-11K for the '03 Camry LE.
 
link title
 
So, here is my number again and I also assume that you have $0 repairs from year 6 to 10.
 
(1) If you trade in after about 5 years = 19.5K - 10-11K trade + 6% Tax = $9K to $10K ( x 2 = 18 to 20K)
  
(2) If you trade in after about 10 years = 19.5K - 3-4K trade + 6% tax = 15 to 16.5K
 
I rather pay an xtra $300 /year to drive a new car.
#2740 of 2806
Re: Camry or Accord? [gooddeal2] by blufz1
Nov 10, 2007 (7:19 pm)
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Replying to: gooddeal2 (Nov 10, 2007 1:06 pm)

You left the time value of money out of your computations.
#2741 of 2806
Re: Camry or Accord? [gooddeal2] by elroy5
Nov 10, 2007 (8:03 pm)
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Replying to: gooddeal2 (Nov 10, 2007 1:06 pm)

I rather pay an xtra $300 /year to drive a new car.
 
You can twist the numbers all you want, but it's going to cost you a lot more than $300/year. Closer to $300/month actually. Believe what you want.
#2742 of 2806
Um by pat HOST
Nov 11, 2007 (12:39 pm)
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People buy new cars whenever they want and for whatever reasons they want - it's their call and it matters not if others agree with their reasoning. So let's get back to comparing the actual subject cars, 'kay?
#2743 of 2806
Camry Le invoice by mackabee
Nov 29, 2007 (1:30 pm)
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Is actually $19998.00 with cargo/floor mats, cargo net and first aid kit. About $60 dollars less with the cargo/floor mats only.
 Mack
 
#2744 of 2806
Re: Camry Le invoice [mackabee] by robertsmx
Nov 29, 2007 (1:47 pm)
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Replying to: mackabee (Nov 29, 2007 1:30 pm)

I wonder if the first aid kit comes with 5 year warranty.
 
It is fine to have all-weather mats as an option but about time automakers included floor mats as a part of the car. Honda started doing that in $20K and up cars several years ago.
#2745 of 2806
Floor mats . .. . by bug4
Nov 29, 2007 (2:03 pm)
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Honda did start including the mats with the price of the car -- but as soon as they did, the quality of the mats decreased! Robertsmx --Have you compared your 98 mats (which were not included) to the mats in the 08s? I give my new 08 mats about 1-2 years, at most, of useable service. I liked when they weren't included and they were better quality. Plus, when I bought my 98 Accord new, I flat out told the salesman that it was not acceptable that the car didn't come with mats and that the dealership would either throw in the mats for free, or I would walk away from the deal -and I would have. I got the mats. I took care of them and they lasted for 10 years.

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