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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: jaxs1 (Jun 08, 2008 7:15 pm) Hmmmm....no...I wonder why? Ever hear of Wikipedia??? Toyota announced on June 7, 2007 that it had sold 1 million hybrid vehicles globally, nearly 345,000 of the first 1 million hybrid cars made by Toyota were sold in Japan. U.S. sales of the Prius began in August 2000. By 2001 sales there totaled 15,556, and by 2002 had reached 20,119. In 2004 sales there were 53,991. ACCORDING TO A 2004 SALES REPORT, THERE WEREN'T EVEN A COMBINED TOTAL OF 54,000 PRIUS SOLD IN THE U.S. |
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Replying to: djhalptert (Jun 08, 2008 7:31 pm) Even the previously nearly worthless older Geo Metros are in demand now and values have skyrocketed.  Mass market hydrogen and fuel cell vehicles in the price range of the Prius are a long way away. With the economy the way it is I bet there will not be a mass exodus of current generation Prius owners replacing their cars with the new model with the same flippant whim they would dump last year's hand held electronic gadget. Some people will still trade for the new model, but not the high percentage that would if the economy was booming The added demand caused by the very high fuel prices is going to support the values of high mpg vehicles more than what's historically typical when car models have been replaced in the past when gas was cheap.
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Replying to: jaxs1 (Jun 08, 2008 9:37 pm) However, if the car industry would start selling 60-80hp cars like the Metro, the iQ, or any of the dozens of similar European cars those would be at least the equal of the current Prius in terms of depreciation. Say, in 2012 do you want a 60mpg PHEV Prius for $45,000 or a used 45mpg Prius for say $20,000-25,000? The fuel difference is 72 gallons per year. Remember fuel efficiency is a diminishing return. To go from 60 mpg to 100 mpg only saves 80 gallons per year and it becomes very expensive to eke out those few gallons of savings--lithium batteries, components, carbon fiber body, expensive metals and fabrication. At the UCBerkeley energy conference, March 1-2, the expert on hydrogen cars said that they are way far from feasible: 1) on-board storage is very difficult, dangerous, expensive. 2) Hydrogen is very difficult to obtain--microbial manufacture or hydrolysis of water are hugely inefficient. Both edmunds and Consumer Report project Yaris, Civic, Fit and Prius among the very cheapest cars to own over the next five year period, taking into account gasoline futures, depreciation, maintenance, insurance, etc. The difference between Prius and Fit or Yaris is about 90-100 gallons per year. |
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Here are some mpgs and gallons used over a 60,000 mile (5year) period. Just add your own estimate of fuel prices to get an idea of the value of buying a fuel efficient car. I threw in a few dollar figures which represent the cost/month for gasoline at $20/gallon (five years from now?). From this you can see that the "sweet spot" is 50mpg inexpensive conventional cars like the Metro (but nowadays with much, much better quality). Anyone remember the 50hp, 60mpg diesel Rabbit from the 70s? Call Honda and Toyota and tell them to bring em. 15mpg (SUV) 4,0000 gallons 18mpg (minivan) 3,300 23mpg (Camry, Accord or similar) 2,600 30mpg (approx. Civic, Corolla) 2,000 $670 34mpg (certain Yarises, Fits) 1,760 $590 38mpg (used Echo, manual) 1,580 42mpg (Prius, touring) 1,430 44mpg (Prius, base, standard) 1,360 $450 44mpg (various inexpensive conventional European cars, iQ) 1,360 50mpg (50-60hp conventional car) 1,200 $400 mpg-equivalents, speculative 60mpg (theoretical PHEV Prius costing extra $10k over Prius) 1,000 $330 100mpg (Popular Mechanics concept car, PHEV, expensive) 600 $200 |
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Replying to: bob104 (Jun 07, 2008 6:31 pm) Does Toyota make a bicycle? If so it probably costs $1,000 more than a similar American bike.
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Replying to: indianajohns (Jun 09, 2008 8:18 pm) 2008 touring (not sure which package), 12K, asking $28,500 2008 touring (not sure which package), <500 miles, asking $30,000 obviously much of this depends on the condition of the cars (and the packages), but let's assume they pass toyota inspections and that warranties transfer (a dealer told me they do). any thoughts? |
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I can justify the payments but I'm about to pick one up for sticker: >27000. $520 per month lease at $500 down, 15K miles per year. this is a package 2. 6 weeks ago a package 6 was less than this...not feeling thrilled about the payments, esp since my last car was twice as expensive and cost the same to lease. Are there any dealers in SoCal not marking up/accessorising the cars? I've talked to several people who were going to get a Prius but were turned off by the dealers sticking it to them on markups.
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Here's a recent cost comparison between Prius, Accord and Civic. I'd quibble with things like the actual mpg, the failure to include sales tax costs and the failure to include battery expenditure of about $300/year but it shows that Prius is now the cheapest car to own. However, if they were to compare Fit or Yaris I think theyd win. Also, a theoretical 40mpg, 70-80hp Fit or Yaris would easily win, if only they'd sell them. http://green.yahoo.com/blog/amorylovins/43/rethinking-the-cost-of-hybrid-cars.ht- ml
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This week I am looking to purchase a 2005 prius with 84k miles on it. The guy is asking near $15,999 and it blue books for $15,250 in excellent condition so I'm going to try and talk him down but recent demand is making bargaining difficult. The Prius is from a business fleet and has had regular maintenange and has good tires. What advice or considerations would there be for buying a semi-hi (84,000) mile 05 used prius? Is the warranty tranferrable from the original owner? Is it an 8 year 100k mile warranty? Thanks!
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Replying to: velo2k77 (Jun 10, 2008 4:40 pm) The battery warranty depends on the state. In California, the battery warranty is longer than that. The warranty on the rest of the car is over unless there is an extended service contract. |
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