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Hatchbacks Toyota Yaris Toyota Yaris
2694 messages, Last post on Sep 16, 2009 at 11:19 AM
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Hey, Yaris Peeps! I'm SERIOUSLY thinking about getting a brand new Yaris sedan with the power option (PQ), Keyless Entry (KE), and cold weather package (CP). The MSRP is $16,285, the invoice is $15,386, and the TMV is $15,847. I think the color will be Flint Mica, since my son would be PO'd big time if I got his color, Barcelona Red Metallic. That would be my no brainer first choice for color otherwise. I will be trading-in my 2008 Cobalt LS sedan that has only 15,500 miles on it; I bought it brand new just ten months ago. I have no complaints with the Cobalt, but my son just had me help him negotiate a deal on a new Yaris about three weeks ago, and I have wanted one for myself ever since. What a cool little car! OK, I am really struggling with this decision. I have a tentative deal that puts me in the Yaris for invoice price, and a trade-in allowance of $9500 on my Cobalt. Average trade-in on the Cobalt, depending on which source is referenced, is $8500 to $9000. I think I should be happy with the deal. What do you guys think? I still can't figure out why I am so anxious to give up the room of a compact car in order to buy a subcompact, nor can I understand why I am willing to give up 150 HP, and the excellent acceleration that comes with it, for 100 HP. My Cobalt is a fine little car that I was happy with until I helped my son buy his Yaris. Advice, please! Tom |
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Replying to: tsjay (Apr 04, 2009 5:16 am) If I were you I'd keep the Cobalt. This is a money-loser any way you look at it, given the big depreciation hit you are taking on the Cobalt after only 10 months. As you said, you have no complaints with the Cobalt, and you can't figure out why you'd want to give up the 150 hp on that "fine little car". Think, man! Unless you have money to burn or throw down the toilet--why on earth would you make this trade? Here's an idea, something I do when I start getting new car fever and I don't need a new car: spend the afternoon washing/waxing/spiffing up your Cobalt, so it shines like it did when you drove away from the dealership. If you don't like doing that yourself, go have it detailed. It will cost you a lot less than trading for the Yaris and your new-car fever will be greatly reduced if not eliminated.
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Replying to: backy (Apr 04, 2009 10:54 am) All that you say makes sense, of course. Here are some other facts to consider. The sticker on my Cobalt was $15,530, but GM was giving a $2000 rebate, so we are down to $13,530. The dealership knocked off $400 to get down to $300 over invoice, so the Cobalt is now down to $13,130. I redeemed $1800 in GM Card earnings, so we are now down to $11,330. They allowed me $700 for my old beater pickup, an 89 S-10 with 219,xxx miles on it, so the amount financed was only $10,630 plus tax, license, and fees. I am being offered within $1100 of what I paid for the Cobalt on trade-in, while getting the Yaris at invoice. They now have a 0% interest for up to 60 months option in lieu of the $1000 rebate, and I would opt for that, I believe. I am somewhat afraid that GM is not going to be in a position to honor warranties in the not too distant future. The Government is going to stand good for warranty claims against GM and Chrysler for veihicles purchased after 3/30/09, but those vehicles bought prior to that date would not be protected. I have to believe that the market value of unprotected GM and Chrysler vehicles would plummet if those companies go under. Tom
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Replying to: tsjay (Apr 05, 2009 7:27 am) Anyway, you don't have much to worry about in terms of losing warranty coverage on the Cobalt. That could happen only under a very low-odds scenario in which GM goes totally out of business (not likely, and if GM stays in business Chevy is likely to be one of the surviving brands) and there are not enough assets to fund warranty service. But if I were you I'd press for a better deal. As of late March Toyota dealers had a 175-day supply of unsold Yarii (55-60 is considered ideal). And you really don't need a new car now. Practice saying that in a mirror a few times so it's convincing when you talk with the dealer. 
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Replying to: tsjay (Apr 05, 2009 7:27 am) |
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Thanks for the input about my potential car trade. I have been back and forth over this decision for the last several days. I have been very sure about going ahead and making the trade, and then I have been very sure that I would not trade. I have flip flopped many times. Whether it makes sense or not, though, I have succumbed to the "fever," and I will go get that Yaris this morning, Lord willing. The high end for trade-in allowance on my Cobalt is $9000, but they are allowing me $9500. I am getting the Yaris at invoice, but in reality, I am getting it $500 below invoice, considering the extra $500 on trade-in allowance. I might have been able to get a deal that would be a couple hundred dollars more favorable, but I won't lose any sleep over it. I DO appreciate your thoughts on the matter, even if I didn't follow your advice. I really did take your advice into consideration, but this decision is coming quite a bit from the heart, and less from the head, as is so often the case with me and my car trading. Tomster |
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Well, it might just be a case of the Good Lord looking out for me, but the used car appraiser would not come CLOSE to the $9500 that my salesman thought I might get on trade-in, so I walked away. The guy was only going to allow me $8000. No way I can take that for my Cobalt. I'm not terribly disappointed, because I still have a really nice little car to drive. I'll hang onto that Cobalt for a while and be thankful that I have such a good car to drive. Thanks, folks. Tom |
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It took me a while to get used to the idea that I was not going to get anything like $9500 for my Cobalt, but the local dealer where my son bought his Yaris (not the dealer mentioned in my earlier post where I thought I was going to get $9500) offered me $8500 after some haggling, and I took that offer. I paid $145 over invoice on the Yaris, since it was a dealer trade. They did not have my color, Flint Mica, so they had to do a dealer trade. I would have insisted on invoice if the car I wanted had been on their lot. I took delivery of the Yaris on Monday, April 13, 2009, exactly four weeks to the day after helping my son get his Yaris. I LOVE THAT YARIS! What a cool little car! It is tons of fun to drive, and I really do think it will do fantastic on gas mileage. It showing that I have used only 3/8 of a tank to go 200 miles. I know that is not accurate, but the indications are that I will get some really nice mileage. Tom
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Replying to: tsjay (Apr 16, 2009 10:06 am) So I balanced size (a little larger), quieter interior (automatics in both) against reputation and reliability. Given where GM is today, I'm not sure I wouldn't have leaned towards the Yaris, but it's a close call. Since my mom's 2004 Cavalier just dropped the mirror (not the housing, just the mirror) on the right hand side, and since the car wash just took off the shark fin XM antenna on my '09 Cobalt, I am a little wistful for that Toyota reputation at this point, but the die is cast - in the current economy neither of us should be changing out cars that frequently any more. I'll report back in the Cobalt forum if I have any future glitches. BTW there was a crash test by IIHS.org - Yaris vs. Camry, Fit vs. Accord, Smart vs. Benz. They crashed the tiny car into the midsized car. A lot of people think the small cars didn't do well, but I think they did great - both cars were moving 40 mph which is, I suppose, like hitting the deformable barrier at 80 mph. I am surprised the cars held up as well as they did. As you probably know, in the regular IIHS test the Yaris is Good from IIHS, their top rating. I drove the Yaris back and forth from San Francisco to LA, and with the addition of the inexpensive, easy (or cheap) to install rear sway bar, found the handling tops. You can get it from Toyota through their TRD division (Toyota Racing Designs).
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Replying to: micweb (Apr 16, 2009 1:19 pm) I expect to realize about 38 to 40 MPG with the Yaris, and I feel that the reliability factor is in favor of the Toyota vehicle when compared with the GM vehicle. I was getting 27 to 28 MPG with the Cobalt. I didn't know how to factor the state of General Motors in all of this, but I feel "safer" owning a Toyota product. I hope GM survives. I hope all of the Big Three survive. I'm nearly 60 years old, and I remember the glory days of the Big Three and the Muscle Car Era. The Big Three have been there my whole life, and it just wouldn't seem right without them. I am still grieving for Oldsmobile, my dad's favorite brand. Tom |
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