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Prices Paid: Buying & Leasing Experiences Toyota Prius Prices Paid and Buying Experience
1691 messages, Last post on Aug 16, 2008 at 11:53 PM
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Replying to: garv214 (Oct 17, 2007 2:33 pm) Sorry for them because they did not get the tax break? TTTTRRRYYYYYIIIIIIINNNNNNNNNGGGGGGG, TTTTRRRYYYYYIIIIIIINNNNNNNNNGGGGGGG, but I just can't get there. They got the many benefits of owning and driving a hybrid as their reward. I bought a used hybrid in 2004 and got no tax benefit; so I was one of those people who bought a hybrid with no tax benefit and no consideration thereof with my first hybrid, and then got the tax benefit from my second hybrid purchase, a new TCH in 2006. So I'm in both camps I suppose.
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Replying to: larsb (Oct 17, 2007 2:46 pm) At least you are trying =) Back on topic. I saw some interesting prices on Prius' in the SF Bay Area on a want ad listing made famous by someone named Craig. 2008 Touring Package 6 26,800 2008 Regular Package 6 26,300 The internet manager at this Toyota dealership in San Bruno, said the Touring only comes in a package 6, is this true as Edmunds shows that you can get a Touring edition in a variety of packages, not only #6. I would be interested in a touring package, but don't want/need all of the other gingerbread that comes in the package #6. Is this internet manager mistaken or is this one of those regional things that Toyota likes to do.
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Replying to: garv214 (Oct 17, 2007 3:10 pm)
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Replying to: prusa (Oct 17, 2007 4:35 pm) If you don't have to purchase right away, you may want to wait for the 2009 model year refresh arriving in 2008, or the remodel which I think is coming in 2010. It is likely the prices of the 2008s will get very soft if the 2009 refresh has any significant improvements over the current model. Of course, if oil goes over $100 barrel and gas prices go up to $5/gallon, then my theory about the 2008 prices is out the window... I think waiting a month is fine if you are not pressed to buy. Best of luck to you
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Here is the Edmunds pricing for the 08Touring#6: MSRP $28,055 Invoice $25,728 Price being paid: $27,988 When you adjust my price by $100 (?) for the mats I paid $26,522. That's $800 over invoice. With a dealer holdback of 3% they had additional margin of about $600. At $1400 margin they aren't exactly giving them away. BTW, in the Bay Area I calculate that my OTD price would have been $26,600 (INCLUDED DESTINATION and mats) + $300 + $2200 = $29,100 As to predicting the market I might have waited but there are too many variables. Soaring oil prices, which are just now being reflected at the pump, are a huge motivator for small car buyers. We've gone from $3.04 to $3.20 in about 10 days. I'd say there's another 20 cents coming even if oil stabilizes. Who knows where it will be in a few months? Maybe $100 a barrel, but maybe $70. Maybe. Right now I'm sure it's stimulating sales and that's why I went ahead, before current demand overpowers current supply. Some other factors weighing timing/pricing, pro and con: 1)Toyota can limit/up production. 2)Civic is a cheaper and better car and still offers the (illusory) incentive, though it gets about 37 mpg vs. Prius' 44 (Consumer Reports, 2007 models) 3) the general economy is looking iffy. 4) Loss of (perceived) tax incentive of Prius. 5) Other small cars, Yaris and Fit, comparable to base Prius in trim, cost many thousands less and get 32-34 mpg, depending on transmission. The price difference is (currently) equal to as much as 100,000 miles of gasoline--check this out for yourself. Their resale should be outstanding. (My 02Civic only lost $6,000 from its OTD price to its current price over 72k miles). 6) The 2010 Prius, as mentioned. (My own guess is that they are having major problems with the proposed lithium battery, expense, reliability, safety). BTW, my other car is an electric bike. I use it to substitute about 100 miles of car travel a week. 2000 mpg-equivalent. Fun, too.
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Replying to: bob104 (Oct 18, 2007 3:06 am)
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Replying to: larsb (Oct 17, 2007 11:27 am) |
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Replying to: garv214 (Oct 17, 2007 6:05 pm) |
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Replying to: cruising7388 (Oct 18, 2007 11:31 am) Civic hybrid: 37 mpg overall average, 324 gallons/12k miles. The difference is 50 gallons/12k miles. At an average price of $5/gallon gasoline for 50,000 miles the Civic costs about $1,000 more than the Prius. If you do mostly highway driving the difference would be even less as they are rated 47mpg vs. 50 mpg respectively. But Civics are NOISY. But if gasoline prices are way up when you go to sell you Civic, the Prius would have the edge. With gasoline at $10 gallon that 50 gallon/year difference is $500/year. If it weren't for the noisiness I'd have gotten a HCH at plus or minus $3,000 or so less than a Prius. |
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Replying to: prusa (Oct 12, 2007 4:25 pm)
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