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Toyota Prius, Hybrid Cars, Sedan
#1081 of 2152 Whither Prius prices
Oct 18, 2007 (2:06 am)
Here is the Edmunds pricing for the 08Touring#6:
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.
#1082 of 2152 Re: Whither Prius prices [bob104]
Oct 18, 2007 (10:31 am)
The Civic Hybrid is an excellent vehicle and Honda dealers are not nearly as avaricious as Prius dealers, so your purchase savings may well offset the moderate decrease in mileage.
#1083 of 2152 Re: Prius Tax Credit - now you see it...now you don't. [larsb]
Oct 18, 2007 (10:37 am)
It was indeed a "bait and switch" operation. Please note that I never said that the dealer was doing the baiting nd the switching. They knew little more about the future consequences than the buyers. It was CONGRESS that provided the bait with the enabling legislation that permitted the tax credit, and it was the IRS (with, or without the complicity of Congress??) that did the switch by producing a set of criteria that made the tax credit partially, if not totally illusory.
#1084 of 2152 Re: Prius Tax Credit - now you see it...now you don't. [garv214]
Oct 18, 2007 (10:40 am)
FYI, if you are a California resident, the sales tax you pay on the vehicle is what the sales tax in the county where you register the vehicle, not the county where you buy it.
#1085 of 2152 Re: Whither Prius prices [cruising7388]
Oct 18, 2007 (12:03 pm)
Prius:44 mpg overall average, 272 gallons/12,000 miles.
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.
#1086 of 2152 Re: Edmunds pricing for 08 Prius [prusa]
Oct 20, 2007 (12:01 am)
I didn't know the touring came in anything other then the package 6. Anyway I got the basic pk. 4. I was working with a dealer in southern ca. He said to add leather would be 900.00. I ended up getting the car in northern c. So when I got home contacted the leather company and was told it is $1300 and that the 900 price is a deal only to the car dealers. I suggest u ask your local dealer, service dept. manger, who they send their cars to for the installation. Just know the lower price is worked into the deal at the time u purchase and if u do it after the sale u will pay more. Hope this helps.
#1087 of 2152 Re: Edmunds pricing for 08 Prius [cdm4]
Oct 20, 2007 (9:15 am)
Re leather, make sure you are comparing apples with apples.
I think the OEM leather option for the Prius has a lot of plastic sections. The one provided by a leather company is more likely to be 100% leather.
#1088 of 2152 Re: Edmunds pricing for 08 Prius [cruising7388]
Oct 20, 2007 (9:50 am)
When I asked, they were the same, though for more you can order full leather. So the basic aftermarket offering, though less money, is the same basic leather center panels only. So you could probably get the extra leather for no more money by specifying it when you order aftermarket. The one thing you do want to check is whether aftermarket will give you a leather covered steering wheel. Also see what else they include in "leather" coverings. Console and door armrest, for example.
#1089 of 2152 Re: 08Touring#6 [bob104]
Oct 20, 2007 (5:17 pm)
The touring felt more "connected" to the road. The base Prius was a little "floaty" to me. Some may find the Touring more harsh of a ride, but I didn't ... I just immediately liked the ride better ... not saying I could tell a HUGE difference, but I could tell one.
Overall I would pick the Touring b/c of the larger wheels and better tires first and foremost. The tires are MUCH higher quality than the 15" on the base.
Again, not a huge difference b/t the two, but noticeable enough for me. I am a little younger than the avg Prius driver so that may have something to do with it as well.
#1090 of 2152 Re: 08Touring#6 [bennb]
Oct 21, 2007 (3:25 pm)
I am probably a touch older than the average Prius buyer, or maybe not....I drove the Touring and base back-to-back, and within a nanosecond realized it was the Touring for me, mirroring your observations. Also the Touring is much more planted on the highway, showing absolutely no signs of being blown about by trucks either on the interstate, or when passing in opposite directions on a two lane road.
This is my first automatic trans vehicle in 35 years....it's nice, but I do miss that involvement. I have my Vanagon, Alfa, and Fiat though if I want to stir gears.