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2013 and Earlier - Toyota Prius Prices Paid and Buying Experiences

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  • tyler70tyler70 Posts: 82
    since the 2010 are too new, I am not surprise they are selling for MSRP; however, do you think the price will drop by the end of the year ? I ;like to buy one this year but wonder if prices will drop? before the 2010 models came out, do you guys know what the average paying prices for 2009 models?
    I really like the MPG on the prius, but going from the Lexus ES to a Prius is a big change for me so I am having a hard time making up my mind.
  • tyler70tyler70 Posts: 82
    I have a delima if anyone can help me.
    Everyone knows that ES 350 and Prius are like apple and orange. however, their prices are very similiar (I am comparing a package V with Navi and fully loaded).
    I have an ES 330 and I also test drove a Prius, and the handling & comfort are day and night. MPG on the Prius is a super plus, but are there other reasons to pick a Pruis instead of the Lexus because most people agree with me that Lexus is much better vehicle in every way except for MPG.
    Please help. :confuse:
  • atlantabennyatlantabenny Posts: 735
    I'm thinking we may be in a similar situation. I have a 2007 Infiniti M35 whose fuel economy is a combined city/hwy 19 mpg; I use regular unleaded. My annual mileage is 15k.

    If I buy the Prius at this time, I'll probably lose $4,000 on the M35 to Prius exchange (based on private sale of my M35 with 49k miles).

    Assuming $3.00/gal as the future average price of regular unleaded for the next 5 years, it will be on year 3 that I can recover the $4,000 loss on the M35 to Prius swap.

    Because the M35, or your ES for that matter, has superior comfort and amenities vs the Prius, it makes sense to keep our current cars for 3 more years. In my case, that's the remaining ownership period I expect on the M35 anyway.

    However, at $4.00/gal, the "payback" is shorter, at 2 years. This means that if I keep my current car beyond 2 years, my opportunity loss is about $2,000/year.

    The question then becomes, at $4.00/gal, is the comfort and convenience of our current cars worth $2,000/year ?

    A conservative guess is that we'll be at somewhere between $3.00 to $3.50. Under that assumption, I'll probably wait another 1.5 to 2 years, when Prius prices would have stabilized and resale value of the current car would still be favorable.

    Maybe within that period, we'll also have more hybrid options.
  • Glad I was able to help you find Molle Toyota in K.C. MO

    I have nothing but praise for the way they do business. My 2010 Prius is the 3rd purchase from them.

    Good luck with yours.

    Jim
  • I can see how the Lexus would be attractive. I too am trying to decide if I should pay the premium for a Hybrid. In 3 years, you will probably make up the difference. If you are planning to keep the car for 3+ it makes sense. I am betting I could also sell it after 3 years and maintain some value because they retain value well (the Hybrid).

    I think I am going to go ahead with the Prius because I live in LA, drive a lot and the cost of gas is high.

    But, you want to be comfortable too............I am wondering how comfortable the Prius is.
  • tyler70tyler70 Posts: 82
    Hi Atlantabenny:
    I am so glad that I am not the only one out there with this question. One more reason for you to consider and that is: I heard if you are buying new car this year, your sales tax on your new car is tax deductible.

    I spoke with this lady today and she bought a new 2010 RX for little below the Edmunds invoice price. she bought her FWD with Nav and Wood trim and 19" wheel for 38700. with that said, i think we can expect more price movement for the RX than the Prius.

    My case is a little different than yours is that I need to buy an additional car for my wife (i am not selling my ES). my question is if I should choose a comfort (and get the Lexus RX) or safe money (and get the Prius)?? the difference in price is apprx 10k plus apprx 1k difference in gas per year.

    I wish I have a crystal ball!
    thanks :P
  • tyler70tyler70 Posts: 82
    Hi lovthesunica:
    I test drove the Prius (the old and new models) , if you get the fully loaded Prius, it has a lot nice features (self park, pre collision control, park assist...) however, the comfort is DAY AND NIGHT compared to the Lexus (as expected) and the material inside the Prius looks cheap. that is why I said in the last note, it is like apple and orange.. the question is do you want confort or saving. the price is apprx 10k difference (fully loaded Prius & partially loaded RX) and the gas saving is apprx 1k per year, assuming 15k per year and gas is apprx $3.50/gallon.
    Pls let me know what you decided :-)
  • wvgasguywvgasguy Posts: 1,405
    I'm thinking those of you that are not sure about giving up your luxury brand for a Prius may not be ready. In 2007 I traded my Infinity FX45 for a Camry Hybrid. It was a tough decision. However my motivation was to save gasoline. It was not a "green" issue for me, it simply had to do with me personally not using any more foreign oil than I need to. I needed to walk my talk. This country needs to change and it really has to do it one person at a time. Will I make a dent? Probably not, but I may convince a few others, who will in turn convince a few others, who .....

    I've loved cars as long as I can remember and the Camry was a far cry from what I was used to driving. Once I made the decision though I have not looked back. I've traded the Camry for a Highlander Hybrid (needed more space for the Grandkids and have a Prius V ordered (should get this week) for daily driving. I did find in the Camry with the Energy Screens on the NAV that each drive was a challenge in driving for maximum FE. I actually enjoyed playing with that as much as I liked rolling down the windows and listening to the FX wind out.

    Your friends will think you've totally lost it. You have to know its the right thing to do or you may never be satisfied. Even then you will question yourself from time to time. The comfort and sportiness will not be there. I'm going to the Prius V in order to capture what sportiness there can be in driving a Prius. It will satisfy me, I am sure.

    You may falter. As I decided on getting the Prius, I was tempted by the great deals on the CTS. Fortunately I could not work well with the local dealer so I went back to the Prius. It's was the right thing to do (for me).
  • dncbdncb Posts: 70
    I thought this was a forum dedicated to prices paid and buying experience. Why are there discussions about comparing Lexus to Prius, amenities in cars etc? Shouldn't they be elsewhere instead of forcing readers to sift through off topic posts to find out where to buy or not buy a Prius?
  • feltfelt Posts: 105
    I have "ordered" a white, Prius IV w/ navagation. I have been lead to believe a IV matching that description is on my dealers allocation list. Today I checked the toyota.com official site, and it appears that navagation is now linked with the solar roof ...at a big increase in price. Is that a change in policy, or just the way my computer is displaying the web site?
  • wvgasguywvgasguy Posts: 1,405
    Sorry you had to post another needless post. Now everyone will be ticked because I posted again to take time to respond to you. That's how these things happen.
  • Just negotiated a 48 months lease with a dealer in San Francisco. Blizzard Pearl with Dark Grey, Pkg II, no option other than the Blu-Logic thing. $308/mo with $1284 out-of-pocket which includes first month payment, deposit.

    Is that a decent deal?

    Paul
  • wvgasguywvgasguy Posts: 1,405
    Just negotiated a 48 months lease with a dealer in San Francisco. Blizzard Pearl with Dark Grey, Pkg II, no option other than the Blu-Logic thing. $308/mo with $1284 out-of-pocket which includes first month payment, deposit.

    Curious, what was the MSRP, residual and money factor?
  • I don't know what the residual is. The purchase price is $23,269. With no capital paydown.

    It's through Toyota Financing. The lease payment is significantly cheaper than the best quotes from leasecompare.com

    The same deal on leasecompare.com has monthly payment of $360 and money factor of 0.00301.
  • wvgasguywvgasguy Posts: 1,405
    Well if you truly want to know if this is a good lease and you have any desire at all to possibly purchase the car at the end then you need to know the residual. How much of the MSRP are you really paying off in the lease. The interest rate on the leasecompare lease is around 8%. That's not good unless you don't have a good credit score. Four years is a long time to lease a car.
    If you were to purchase at 5% for 72 months and finance $23,000 your payment (not including taxes) is $370/mo and after 48 payments you'd owe less than $8500. You need to compare that to the residual from the Toyota lease
  • :mad: I sold my 2007 Honda Ridgeline RTL that was fully loaded on Friday 6-26-09 to a Doctor in VA Beach, on Saturday 6-27-09 I placed a $5K deposit for a 2010 Prius IV in Silver with a solar moonroof package, it probably would be safe to say as of 7-6-09 the dealership hasn't placed my order.They informed me on Monday that they will have (3)Prius III in Gray arriving sometime this month. I will not settle for a Prius III since that is not what I ordered, I will inform the salesman to change my order to a Prius V with the ADV TECH package instead. :shades: I would like to say for the record after my purchase is 100% complete to my order specification's I will be rating RK Toyota on Edmunds, may be the first person yet to rate their experience with this particular dealership; However so far the salesperson did get me into a loaner car until my order comes in which I thought was very professional of him...
  • Keep them both. Your 'fun car' is used for weekends and special events. The Prius is what you use for work. Literally, that is what we do with:

    1) 2003 Prius - my commuting, work car
    2) 2010 Prius - my wife's goin' for groceries car
    3) 1993 Coachman RV - my wife's get outta town, mobile efficiency, which tows my 2003 Prius

    Bob Wilson
  • dmaysdmays Posts: 7
    I'm a bit reluctant to plunk down MSRP for a Prius at this point and am wondering if others think the same way. I only paid 250 above invoice for my 2007 in 2007 after the model had been on the market for a couple of years. My 2007 is running great, averaging 48.6 MPG combined and so far no trouble.

    Just wondering if anyone has had success with any dealer not driving the MSRP message. CARMAX is a few 100 below MSRP...but...
  • feltfelt Posts: 105
    Hi dmays. Please do not consider this as council .... we all have our owns needs and wants. I did agree to paying MSRP, but my circumstances were completely different. My car is a 2001, and while doing well, it consumes a lot of gasoline. My GIII IV is due in port on 7/10.

    Knowing nothing about your circumstances ..... I think I would be inclined to wait. 1) you drive a 07 Prius that seems to be problem free, and very economical. 2) New models, (and the 2010 is mostly new from the wheels up), are more prone to have issues that, more than likely, will be resolved the following year. 3) Dealers will be very reluctant to sell below MSRP on a brand new model that is selling well. I understand the factory is working overtime trying to meet the demand. I even read where Toyota may limit Prius shipped to the USA to help meet the demand in Japan.

    Quite frankly, I would have wagered that gas prices would be on the rise by now. The economy seems to be so bad that it is retarding price increases. But watch "cap and tax" in congress. If that passes, many, including myself, predict prices and taxes, will shoot sky-high. In addition, I read that credit is very hard to get. That will have a cooling impact on dealers holding out for MSRP.

    All said, there are many factors to consider, and we must all make out own decision. As for me, we are proceeding with MSRP.
  • Where are you located? It seems pretty easy to get at least $500-$1000 off MSRP in the SF Bay Area.
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