Last post on Jul 08, 2011 at 8:03 PM
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Toyota Prius, Hybrid Cars, Sedan
#1592 of 2152 Re: Why Prius??? [jaxs1]
Jun 08, 2008 (6:38 pm)
YOU ASKED, ARE USED FIRST GENERATION PRIUS FLOODING THE USED CAR MARKET?
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.
#1593 of 2152 Re: Why Prius??? [djhalptert]
Jun 08, 2008 (8:37 pm)
You don't seem to understand the the demand will remain very high for vehicles that get 45 mpg regardless of any new redesigned model when fuel prices are high.
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.
#1594 of 2152 Re: Why Prius??? [jaxs1]
Jun 08, 2008 (9:22 pm)
I agree with this point of view. I think the outlook for Prius resale is the highest of any car currently being sold and I reiterate that my 30 mpg 02 Honda Civic EX hasn't even depreciated $1,000 a year, while my 19 mpg 02 Honda Odyssey has depreciated $4,000 per year.
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.
#1595 of 2152 Off-topic, fuel efficiency-diminishing returns
Jun 09, 2008 (6:18 am)
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
60mpg (theoretical PHEV Prius
costing extra $10k over Prius) 1,000 $330
100mpg (Popular Mechanics
concept car, PHEV, expensive) 600 $200
#1596 of 2152 Re: Why Prius??? [bob104]
Jun 09, 2008 (7:18 pm)
All this speculation on $5-$10 a gallon gas is depressing. Even though it is just speculation.
Does Toyota make a bicycle? If so it probably costs $1,000 more than a similar American bike.
Jun 09, 2008 (9:04 pm)
Hi, I'm new to the forum. I'd like some feedback on a few used priuses i've located recently, specifically regarding the prices. I understand that sale prices from dealers and 3rd parties are very hard to predict in this sellers market with limited product, but any feedback would be much appreciated. Thanks to those who post their deals on here...most helpful.
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?
Jun 10, 2008 (5:42 am)
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.
#1599 of 2152 Cost to Own Prius
Jun 10, 2008 (6:50 am)
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.
Jun 10, 2008 (3:40 pm)
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?
#1601 of 2152 Re: Buying Advice [velo2k77]
Jun 10, 2008 (5:52 pm)
If there are similar ones available for less or better ones available for about the same price, you can negotiate the price down, but if not, you will need to pay or pass on it.
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.