Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
You are in the Toyota Camry Hybrid Forum. Your Host is pf_flyer
|
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.)
|
|
|
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.
|
|
|
Replying to: talmy1 (Apr 04, 2008 9:06 am)
|
|
|
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. |
|
|
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.
|
|
|
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.
|
|
|
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. |
|
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?
|
|
|
Replying to: texases (Apr 04, 2008 12:00 pm)
|
|
|
Replying to: pgnyc (Apr 30, 2007 5:58 am) This has nothing to do with the valet.
|
|
You are here:
Forums
Hybrid Vehicles Toyota Camry Hybrid New Toyota Camry Hybrid Owners - Give Us Your Report
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Toyota Camry Hybrid
Browse by Board
Browse by Topic
Today's Chats
