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: 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.
|
|
|
Replying to: gmyatko (Apr 04, 2008 1:23 pm) |
|
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
