Last post on Jul 08, 2011 at 8:03 PM
You are in the Prices Paid & Leasing Experiences Archive
What is this discussion about?
Toyota Prius, Hybrid Cars, Sedan
#1603 of 2152 Re: too much? [anttrouble4]
Jun 10, 2008 (7:54 pm)
Here's where I don't get it. $27,000 for a Prius that gets what, 46MPG? A decent Toyota Yaris can be had for $14,000 and gets 31MPG.
At 15,000 miles a year at EVEN A WHOPPING $7.00 per gallon of gas, that would mean....
WOW!!! WATCH OUT BILL GATES, WE HAVE AN ANNUAL SAVINGS OF $1,104.49 IN GAS MONEY!!!!
5 year loan at 6% plus 8% sales tax for $27,000 Prius = $563.74 per month
5 year loan at 6% plus 8% sales tax for $14,000 Yaris = $292.31 per month
Prius costs $271.43 more per month but saves only $92.04 in gas money AT $7 PER GALLON!!! That's a NET LOSS of $179.39 per month for 60 months =
-$10,763.40 FOR THE ENTIRE LOAN. HMMMM...WE COULD BE INVESTING THAT $179 PER MONTH AND MAKING MONEY (MORE ON THIS LATER).
The media has brainwashed us (except me) into thinking we must all drive a Prius.
Again, these numbers were assuming $7 GAS. It's realistically even sadder for the Prius assuming $4-$5 per gallon.
And since it's now 2013 after you pay off the loan, the market is now flooded with the Prius and other Hybrids and 40-50MPG vehicles, you can bet that resale values after 5 years are NOT going to make up for that almost $11,000 LOSS. Plus, as I said earlier, if you had invested that $179 you would have saved per month with the Yaris, even at 5% gains you would have a small fortune which would be impossible for the Prius' resale value to compare to.
#1604 of 2152 Off-topic, Re: too much? [chuck68516]
Jun 11, 2008 (5:26 am)
Consumer Reports puts Yaris at 33mpg and Prius at 44mpg. That's a 125 gallon/15k-year difference. But 5 years from now the price of gasoline is likely to be way over $7/gal. Why would gasoline not be, say, $20/gallon? That works out to 45cents/mile for Prius. Same price to currently drive a medium RV. Plenty of people will still pay it.
As a positive to Prius you need to consider the difference in resale between Prius and Yaris.
As a negative to Prius you need to consider battery expenditure.
I've long thought the same about Prius vs. small conventional car. But I think we're now pretty close to Prius becoming the more economical choice. The trick is in predicting resale and gasoline prices 5 years out.
However, if you research Toyotas sold elsewhere youll find the 1.0 liter, 67hp Aygo sold in UK, toyota.co.uk, gets the same mpg as Prius and costs less than half as much with similar features. It's smaller and goes 0-60 in 14 seconds vs. Prius' 10 seconds, but they are both rated about 100mph top speed. The Aygo gets better mpg than Prius at highway speed.
Now those are the numbers that are hard to dispute.
Contact Toyota customer service,http://www.toyota.com/help/contactus.html, and tell them to bring the Aygo to the US. Tell them you'll buy a Honda Fit if they bring it over with 1.0 liter, 67hp. Then contact Honda and tell them you'll buy a 1.0 liter Toyota Aygo if they bring it first. Tell them you're putting off buying a car until that day.
I'm tired of marketing execs thinking Americans are power-addicted brutes (even if most of us actually are).
#1605 of 2152 Re: too much? [anttrouble4]
Jun 11, 2008 (8:37 am)
In San Diego, there are 2 dealers that I've been working with who is selling the Prius Touring model with Package 6 at just below MSRP (go see Poway Toyota or Mossy Toyota). Kearny Mesa Toyota insists on selling Prius with aftermarket Lojack, interior & exterior teflon, and vehicle security (blinking lights, siren, engine immobilizer), even though the Prius Touring w/Pkg. 6 already comes with a anti-theft system.
#1606 of 2152 Re: 08regularPrius#6 [sewkap]
Jun 11, 2008 (8:40 am)
Most queries for price quotes and car buying services (e.g., Costco, Edmunds.com, etc.) will point you to the internet sales or fleet managers.
#1607 of 2152 Extended warranties
Jun 11, 2008 (8:43 am)
I'd like to know what some of you are paying for an extended warranty for a new 2008 Prius Touring with Package 6. Thank you in advance for your help.
#1608 of 2152 Re: Extended warranties [syinsd1]
Jun 11, 2008 (9:18 am)
#1609 of 2152 Re: Extended warranties [3c3]
Jun 11, 2008 (10:42 am)
I'm not interested in working with warrantyshack.com. I'd like to hear what people are actually paying for their extended warranties. Thank you!
#1610 of 2152 Re: Extended warranties [syinsd1]
Jun 11, 2008 (2:20 pm)
I paid $1100 for exactly that in Oct.. Platinum, bumpertobumper except for wear items like tires, battery, windshield, oil change, 6 years/100k miles. Be careful during the negotiation to avoid giving the salesman a clear idea about how much you drive. For example, if you drive 20,000 mile a year the salesman will try to sell you a "7 year" warranty, that will run out in four years because it was a 7yr/75k mile warranty. The warranty I got is pretty well balanced--I should reach the mileage at about the 6 year point. Ask for various prices, saying you don't know if you'll be moving much closer/farther to work.
Tip: Get a quote for the warranty but decline it saying you'd do it for, say, $1100. Finish the contract on the car. At settlement time they'll offer you the deal again, probably at or near your price. That's what happened to me. Saved over $1,000 from the initial quote.
I am delighted with my warranty and feel certain it will more than pay for itself when I go to sell the car before the warranty is up as mine is transferable one time.
#1611 of 2152 Re: Extended warranties [bob104]
Jun 11, 2008 (3:50 pm)
Thank you very much for your insight and suggestions!
#1612 of 2152 Re: Off-topic, Re: too much? [bob104]
Jun 11, 2008 (4:14 pm)
QUOTE: "But 5 years from now the price of gasoline is likely to be way over $7/gal. Why would gasoline not be, say, $20/gallon?"
Some of you guys are way too pessimistic. Gas will not be over $10 per gallon in our lifetime. There's no way. It's a media fear tactic. It's just a fairytale just like Y2K, imminent nuclear war, acid rain, the ozone layer, etc. If you look back at history you will see all the "for sure" disasters that were supposed to have happened.