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Chevrolet Malibu vs. Toyota Camry vs. Honda Accord

491 messages,  Last post on Sep 25, 2008 at 7:33 PM

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What is this discussion about? Toyota Camry, Chevrolet Malibu, Honda Accord, Car Comparisons, Sedan


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#155 of 491
Data. by yury
Mar 23, 2007 (2:15 pm)
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Ok, data time. (I am not going to comment in this post to ceep it clean)
 
So, let's see.
 
Using an autotrading site (link title) I came up with this. Based on the medium selling price, I came with the following difference in Accord's price less Malibu's price (Can dollars):
 
Year Price of Accord less Price of Malibu (Can dollars)
2006 10002$
2005 8939$
2004 9859$
2002 6005$
2001 4325$
2000 4905$
 
A pretty picture of the above:

See the data I took for as input below.
 
Soppose you buy both cars and sell in 7 years. Here's what I am getting for a price paid (based on the detailed data below):
 
Accord 17984 $ Cdn ~= 15370 USD
Malibu: 11595 $ Cdn ~= 9910 USD
 
I realize that this is not quite a precise research. I have not looked at what exactly cars are in all the selection groups (i.e. rare more expensive models, salvage, mileage, etc). Hovewer, I did look at 6 model years. So, you decide what it means and what it doesn't mean.
 
---------------------------------------------------
More detailed data (copy and paste from the website car query page, prices high-med-low):
 
There are 67 2006 CHEVROLET MALIBUS in our listings.
$20,000.00
$16,495.00
$11,750.00
 
There are 34 2006 HONDA ACCORDS in our listings.
$33,888.00
$26,497.50
$412.00
------------------------------------------------------
There are 26 2005 CHEVROLET MALIBUS in our listings.
$42,500.00
$13,995.00
$8,995.00
 
There are 38 2005 HONDA ACCORDS in our listings.
$27,888.00
$22,894.00
$15,950.00
--------------------------------------------------------
There are 32 2004 CHEVROLET MALIBUS in our listings.
$14,999.00
$11,382.50
$8,495.00
 
There are 54 2004 HONDA ACCORDS in our listings.
$25,888.00
$21,241.50
$13,900.00
--------------------------------------------------------
There are 99 2003 CHEVROLET MALIBUS in our listings.
$12,995.00
$9,900.00
$4,999.00
  
There are 176 2003 HONDA ACCORDS in our listings.
$24,995.00
$16,900.00
$269.00
---------------------------------------------------------
There are 25 2002 CHEVROLET MALIBUS in our listings.
$9,995.00
$7,495.00
$3,900.00
  
 
There are 75 2002 HONDA ACCORDS in our listings.
$17,998.00
$13,500.00
$6,995.00
----------------------------------------------------------
 
There are 18 2001 CHEVROLET MALIBUS in our listings.
$10,995.00
$6,625.00
$1,300.00
 
There are 47 2001 HONDA ACCORDS in our listings.
$14,995.00
$10,950.00
$7,900.00
-----------------------------------------------------------
There are 56 2000 HONDA ACCORDS in our listings.
$14,900.00
$9,900.00
$600.00
  
There are 16 2000 CHEVROLET MALIBUS in our listings.
$7,995.00
$4,995.00
$1,998.00
-----------------------------------------------------------
 
There are 17 1999 CHEVROLET MALIBUS in our listings.
$7,800.00
$4,900.00
$2,995.00
  
There are 35 1999 HONDA ACCORDS in our listings.
$12,995.00
$8,495.00
$6,444.00
#156 of 491
Re: Data. [yury] by captain2
Mar 23, 2007 (2:34 pm)
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Replying to: yury (Mar 23, 2007 2:15 pm)

a roundabout way of saying exactly what I was talking about in #146 - that most, if not all, you pay extra for the Honda, can be recovered a few years later, and that the difference shrinks as the cars get older? The Accord, incidentally, a somewhat unfair comparison in this regard, it has the class leading resale values.
#157 of 491
Re: Data. [yury] by yury
Mar 23, 2007 (2:40 pm)
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Replying to: yury (Mar 23, 2007 2:15 pm)

Now, what I, personally, see in all this.
Quite simple - loss of money in the long term ownership scenarios. An accord has to be much more reliable to justify a difference of five and a half grand in repairs over the period of 7 years.
 
But, Accord is nicer, more power, etc. Looks like you're paying for this. Over long time Accord has no financial advantage.
 
When I have more time, I might play with data more and see where exactly during it's life the accord stops being an investment (if it ever is).
#158 of 491
Re: Data. [captain2] by yury
Mar 23, 2007 (2:43 pm)
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Replying to: captain2 (Mar 23, 2007 2:34 pm)

did you read it right ? we just lost 5.5 grand over 7 years because we bought Accord and not a Malibu. At the end of the term the extra money we put in Accord was reduced .. what, about 2 times ?
 
the graph in that post of mine a diffefence in average price for a partucular year. Accord start off costing a lot more and over the years it's price make closer and closer to the Malibu. I fail to see anything but a bad investment in Accord according to that data.
 
mmm...i am tired....am I missing something ?
#159 of 491
Re: Data. [yury] by captain2
Mar 23, 2007 (2:58 pm)
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Replying to: yury (Mar 23, 2007 2:43 pm)

I guess I need to give up - if I paid 25 grand for a new Accord, and let's say 20 for a similar Mailbu but after 4 years the Accord is still worth 14 but the Malibu is only worth 8 (these numbers come form Kelleys Blue Book), I have really paid $11k for the Accord (25 less the 14 residual value) and paid 12 for the Malibu (20 less 8). This is not higher math, and the reason why, for example, that leases on things on Camcords can be cheaper than on Malibus, because this is exactly what provides the basis for lease payment calculations to begin with!
Incidentally, if if really want to find a car with COO numbers that make the Camcords/Malibus absolutely sick, do some research on the Toyota Prius.
#160 of 491
Re: Back to Camcord vs. Malibu [malexbu] by blufz1
Mar 23, 2007 (3:37 pm)
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Replying to: malexbu (Mar 23, 2007 12:45 pm)

Malexbu.........The Emperor has no clothes.
#161 of 491
Re: Back to Camcord vs. Malibu [elroy5] by pao
Mar 23, 2007 (3:41 pm)
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Replying to: elroy5 (Mar 23, 2007 11:14 am)

I would say your math is flawed..if you are just looking at what you paid new.....what you sold if for..and the difference divided by the years owned....to truely calculate costs...you need to consider cost of gasoline, scheduled maintenance costs, insurance costs and the like to begin to determine the true cost of ownership....again..numbers...that I doubt none of us ever consider
 
when is the last time anyone broke open the manual..read the scheduled maintenance requirments...then ask the dealership to cost them out for ya
#162 of 491
cost of ownership by 02cavalier
Mar 23, 2007 (6:02 pm)
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I know it's fun to play with the numbers, but I drove around in a 2002 Cavalier (which never gave me any trouble at all and the only repair was front and rear brake job + rotors and new drums) for 5 years. It was very cheap to own, cost under 11K new but sometimes you just have to splurge a little and get what you really want and to heck with spending a little $$$. I just got an off-lease 2004 Impala 11K miles (paid $13,500) and love this car. It gets 26-28 mpg mixed driving (3.4 engine) and is way more comfy than the Cavalier. I would recommend either the Malibu or the Impala if you can spend a few extra bucks. Reliability seems good for the Impala as I have a friend with a 2003 (3.4) and he hasn't had any problems at all with 85K miles on the Impala. Sorry to get a little off-topic.
#163 of 491
Re: Back to Camcord vs. Malibu [pao] by elroy5
Mar 23, 2007 (6:27 pm)
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Replying to: pao (Mar 23, 2007 3:41 pm)

I would say your math is flawed..if you are just looking at what you paid new.....what you sold if for..and the difference divided by the years owned....to truely calculate costs...you need to consider cost of gasoline, scheduled maintenance costs, insurance costs and the like to begin to determine the true cost of ownership....again..numbers...that I doubt none of us ever consider
 
Maintenance, repair, gasoline, and insurance cost will be different for each individual. When you consider I did all my own maintenance, and repairs (which were very few over 12 years and 140k miles), the same car could have cost someone else (who had all services done at the dealership) much more. I think the Accord would only improve it's position, if these factors were averaged into the cost equation. And do we really want to dig that deep? Who keeps track of every dime they spend on maintenance? Most people don't even keep track of what was done, much less the cost.
#164 of 491
Re: cost of ownership [02cavalier] by jg6
Mar 23, 2007 (7:33 pm)
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Replying to: 02cavalier (Mar 23, 2007 6:02 pm)

Lot of people out there driving ugly.............

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