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Hybrid Vehicles Toyota Camry Hybrid New Toyota Camry Hybrid Owners - Give Us Your Report
558 messages, Last post on Oct 30, 2009 at 1:05 PM
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Replying to: s60leaser (Mar 30, 2008 7:27 am) I will provide this as a rough summary which helped me make my decision (I'm excluding taxes, title, licence from this scenario to keep it simple): If I bought now: Camry Hybrid (fully loaded) : $28,000 Minus Trade-in/Sales of old car :$12,000 Net on vehicle: $16,000 Minus avoided maintenace: $2,000 (was near a big maint interval in terms of miles) Minus avoided fuel cost: $1,500 (minimum) Plus refund on extended warranty: $250 Plus Camry Maint for a year:$250 Overall net cost: $12,500 If I bought a year later (estimate): Camry Hybrid (loaded): $29,000 (could be higher or lower) Minus Trade-In/Sale of old car: $9,000 (could be higher, but the trend pointed to this) Net on vehicle: $20,000 Plus additional maint: $2,000 Plus additional fuel cost:$1,500 (minimum) Minus refund on extended warranty: $50 Minus Camry maint (which I would not have since I didn't buy the car in the previous year): $250 Overall net cost: $23,200 So basically, it was $11,000 "cheaper" for me to buy now, than wait a year. You can look at what you pay for a car as one factor - I took a more wholistic approach to determine my oppotunity cost. So bascially, I am driving a new car for $12.5K, and, as Larry David would say "prettay, prettay, prettay" happy about the decision.
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Replying to: mikec (Apr 03, 2008 11:19 am) Buy now: Net on vehicle $16000 New maintenance $250 Lost future value trading new hybrid that is a year older $3000 Additional maintenance of new hybrid held a year longer $2000 Overall net cost 21,250 Buy in a year: Net on vehicle $20000 Maintenance of old car $2000 Additional fuel cost $1500 Additional extended warranty cost on old car $200 Overall net cost $23,700
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Replying to: talmy1 (Apr 04, 2008 6:18 am) Each transaction would need to be viewed as discrete events and compared. The future value of the hybrid resale or maintenace have no relevance in the buy now vs one year later scenario. It's the opporunity cost of purchasing the Camry now, not selling it in the furture. Not only are they not relevant, your estimates for furture maint and resale are incorrect (becuase you assume them to be the same as my current vehicle.)
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Replying to: mikec (Apr 04, 2008 7:31 am) As a separate matter, I tried to take into account that by buying now you end up with a hybrid that is a year older, so will at any point in time have more depreciation and presumably more maintenance cost. Hard to say what those exact values are, and I just plugged in the same numbers as for your current car, but it still should be part of the equation.
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Replying to: talmy1 (Apr 04, 2008 9:06 am)
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Replying to: talmy1 (Apr 04, 2008 9:06 am) Today, based on my assumptions, what is more advantageous by now or one year later?. Assumptions - I want to drive a similar style vehicle. I want to avoid excessive out-of-warranty costs, maintenance costs, or fuel costs. I prefer to buy a new vehicle. My current car is a sunk cost. I have it. It is a fact it will be have less value when I sell it one year from now with the additional mileage. (So the whole depreciation of the new vehicle (Camry) is irrelevant - it does not factor into the purchase decision. (Sure it may factor into a furture selling/purchasing decision down the road, but that is not the part of this decision scenario) It is also a fact that it I stay with current car, I will have at least $2,000 in additional maintenace, and at least $1,500 in additional fuel costs. Right there, based on today, if nothing changes, I have "spent" $3,500. It is an estimate that the price of a Camry Hybrid will go up by $1,000. I think this is a conservative estimate, Other's may disagree. A basic 2007 TCH was $25,900. A basic 2009 TCH is 27,160, so I think I'm in the right ballpark. It is an estimate of how much my current car will be worth a year from now. I see a $3K difference, based on the trends for similar models. Maybe it wil only be $2K less. Again, I thnk I am in the ballpark, but others may disagree. So if I do "nothing" I am still out the maint, additional fuel. and current resale potiential (total $6,500) If I buy next year, I pay 29K, sell old car for 9K, So cost is 20K. I have to add in the maint and fuel differentials, because I had to incrur them. So that's $23.5K of "opportunity value/cost" If I buy today, I pay 28K for the car. I sell my old car for 12K. So the cost is 16K. I have to factor in the cost avoidance and fuel savings of $3,500, because I would have incurred that (even though I do not have the old car). (Some may disagree but remember, I know I will spend that if I do not buy now, so it _has_ to factor into consideration. So it's $12.5K to me in terms of "opportunity value/cost"). If I buy next year, I pay 29K, sell old car for 9K, So cost is 20K. I have to add in the maint and fuel differentials, because I had to incrur them. So that's $23.5K of "opportunity value/cost" Buy today - $12.5K Buy tomorrow - $23.5K Again this is "opportunity cost/value", of the "what-if", not "actual dollars" examines after the fact a year from now. |
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Replying to: jaxs1 (Apr 04, 2008 9:17 am) They are usually pushing why it's nice to drive the new car. I have had them comment on resale as a selling point of the new car (ex. Honda, Toyota), but not as reason to dump current car.
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Replying to: mikec (Apr 04, 2008 10:27 am) However, the new car will you purchase today will depreciate at a much higher rate than an older will over the same time period, so depreciation cost isn't a savings.
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Replying to: jaxs1 (Apr 04, 2008 10:38 am) In my example, I am not talking the accounting term of depreciation - I am talking the value of the car today on the market vs one year later on the market. Older and more used = less value. |
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I'm considering a TCH, and was wondering how the A/C handles 100+ degree days. How about when you come out to the car after it's been in the sun all day? Any differences?
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