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2004-2009 Toyota Prius Prices Paid and Buying Experience

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Comments

  • jaxs1jaxs1 Posts: 2,697
    A car is not like a computer that's about useless to may people after 6 years.. It's not as if the values of the first generation Prius have dropped for any reason other than pure age and high mileage they may have at this point.

    The resale will remain high for as long as there a is low supply of the Prius on the used car market.
  • 3c33c3 Posts: 74
    "Extended Warranty (7/750000) - 1845" is way too expensive. Cancel it and get it through priuschat.com for much less.
  • djhalptertdjhalptert Posts: 115
    I think he was referring to what the earlier poster had said that the Prius would be as obsolete as an old computer processor is to a newer one when the electric and other NEWER hybrid vehicles come out. The current Prius gas/electric hybrid technology will NOT stand the test of time. No technology does. Mankind always finds a more efficient/better way of doing things. Up til now, the most efficient way was with gasoline because it was cheap and readily available. In 5 years the new hybrid technology will be taking it's hold as the newest, most efficient way of doing things.

    You are saying that there won't be current generation Prius' flooding the used car market in the near future??? I don't see how there wouldn't be. As soon as the new hybrid vehicles come out, people will be ditching their Prius' just like they ditched their 1st generation iPhones for the 2nd generation iPhone and iPods for iPod Touch. Ever hear of keeping up with the Jones???
  • jaxs1jaxs1 Posts: 2,697
    I didn't even like the Prius enough to buy one and I know it will not be "obsolete" or comparable to an old PC when the 2010 Prius debuts. The resale value will remain good for as long as there is low supply and high fuel prices and few used alternatives that get the same or better gas mileage.
    There is little demand for used PCs and there is plenty of demand for used vehicles with high MPG which will include used Prius cars even without having the newer battery from the upcoming redesign.
    It was a ridiculous comparison. A car is not an iPod that is thrown away every other year. eBay is flooded with more used iPods than the market can bear and the same is not true with the Prius. Are used 2003 first generation Prius sedans overflowing used car lots?

    At some point in the future there will be plenty of used cars that average 45 mpg plus on the used car market, but that is many years away. The used car market will quickly soak up the used Priuses that are replaced with new ones unless there is a major drop in gas prices.
  • djhalptertdjhalptert Posts: 115
    Do you have a learning disability? First of all, I said THE GUY WASN'T COMPARING IT TO A COMPUTER'S RESALE VALUE. Rather, he was saying when the Core2 Duo came out it still made the Pentium 4 just as obsolete as the Pentium 3, Pentium 2 etc etc. When an all electric or hydrogen fuel cell hybrid car is introduced which is cheap and well marketed, it WILL make the current Prius a dinosaur. Does that mean the Prius will be worth the price of Enron stock? NO!!! Will it make current Prius owners jump ship to new technology? Probably some. If the current models of Prius flood the used car market, it will make their value decrease. Supply and demand, ever heard of it?

    Yes, there will still be demand for the Prius but there will be MORE DEMAND FOR THE NEWER TECHNOLOGY. Anyone who thinks the current 2008-09 Prius will out demand ANY future hydrogen or electric or even gas/electric hybrid is just plain ignorant. People want new technology. That's the reason so many Prius's have sold. New technology attracts buyers. Necessity is the mother of invention. Invention is the mother of sales.
  • djhalptertdjhalptert Posts: 115
    YOU ASKED, ARE USED FIRST GENERATION PRIUS FLOODING THE USED CAR MARKET?

    Hmmmm....no...I wonder why? Ever hear of Wikipedia???

    Toyota announced on June 7, 2007 that it had sold 1 million hybrid vehicles globally, nearly 345,000 of the first 1 million hybrid cars made by Toyota were sold in Japan.

    U.S. sales of the Prius began in August 2000. By 2001 sales there totaled 15,556, and by 2002 had reached 20,119. In 2004 sales there were 53,991.

    ACCORDING TO A 2004 SALES REPORT, THERE WEREN'T EVEN A COMBINED TOTAL OF 54,000 PRIUS SOLD IN THE U.S.
  • jaxs1jaxs1 Posts: 2,697
    You don't seem to understand the the demand will remain very high for vehicles that get 45 mpg regardless of any new redesigned model when fuel prices are high.
    Even the previously nearly worthless older Geo Metros are in demand now and values have skyrocketed.
    image
    Mass market hydrogen and fuel cell vehicles in the price range of the Prius are a long way away.
    With the economy the way it is I bet there will not be a mass exodus of current generation Prius owners replacing their cars with the new model with the same flippant whim they would dump last year's hand held electronic gadget. Some people will still trade for the new model, but not the high percentage that would if the economy was booming
    The added demand caused by the very high fuel prices is going to support the values of high mpg vehicles more than what's historically typical when car models have been replaced in the past when gas was cheap.
  • bob104bob104 Posts: 94
    I agree with this point of view. I think the outlook for Prius resale is the highest of any car currently being sold and I reiterate that my 30 mpg 02 Honda Civic EX hasn't even depreciated $1,000 a year, while my 19 mpg 02 Honda Odyssey has depreciated $4,000 per year.
    However, if the car industry would start selling 60-80hp cars like the Metro, the iQ, or any of the dozens of similar European cars those would be at least the equal of the current Prius in terms of depreciation.
    Say, in 2012 do you want a 60mpg PHEV Prius for $45,000 or a used 45mpg Prius for say $20,000-25,000? The fuel difference is 72 gallons per year. Remember fuel efficiency is a diminishing return. To go from 60 mpg to 100 mpg only saves 80 gallons per year and it becomes very expensive to eke out those few gallons of savings--lithium batteries, components, carbon fiber body, expensive metals and fabrication.
    At the UCBerkeley energy conference, March 1-2, the expert on hydrogen cars said that they are way far from feasible: 1) on-board storage is very difficult, dangerous, expensive. 2) Hydrogen is very difficult to obtain--microbial manufacture or hydrolysis of water are hugely inefficient.
    Both edmunds and Consumer Report project Yaris, Civic, Fit and Prius among the very cheapest cars to own over the next five year period, taking into account gasoline futures, depreciation, maintenance, insurance, etc. The difference between Prius and Fit or Yaris is about 90-100 gallons per year.
  • bob104bob104 Posts: 94
    Here are some mpgs and gallons used over a 60,000 mile (5year) period. Just add your own estimate of fuel prices to get an idea of the value of buying a fuel efficient car.
    I threw in a few dollar figures which represent the cost/month for gasoline at $20/gallon (five years from now?). From this you can see that the "sweet spot" is 50mpg inexpensive conventional cars like the Metro (but nowadays with much, much better quality). Anyone remember the 50hp, 60mpg diesel Rabbit from the 70s?
    Call Honda and Toyota and tell them to bring em.

    15mpg (SUV) 4,0000 gallons
    18mpg (minivan) 3,300
    23mpg (Camry, Accord or similar) 2,600
    30mpg (approx. Civic, Corolla) 2,000 $670
    34mpg (certain Yarises, Fits) 1,760 $590
    38mpg (used Echo, manual) 1,580
    42mpg (Prius, touring) 1,430
    44mpg (Prius, base, standard) 1,360 $450
    44mpg (various inexpensive
    conventional European cars, iQ) 1,360
    50mpg (50-60hp conventional car) 1,200 $400

    mpg-equivalents, speculative
    60mpg (theoretical PHEV Prius
    costing extra $10k over Prius) 1,000 $330
    100mpg (Popular Mechanics
    concept car, PHEV, expensive) 600 $200
  • All this speculation on $5-$10 a gallon gas is depressing. Even though it is just speculation.

    Does Toyota make a bicycle? If so it probably costs $1,000 more than a similar American bike.
  • hgieskehgieske Posts: 1
    Hi, I'm new to the forum. I'd like some feedback on a few used priuses i've located recently, specifically regarding the prices. I understand that sale prices from dealers and 3rd parties are very hard to predict in this sellers market with limited product, but any feedback would be much appreciated. Thanks to those who post their deals on here...most helpful.

    2008 touring (not sure which package), 12K, asking $28,500
    2008 touring (not sure which package), <500 miles, asking $30,000

    obviously much of this depends on the condition of the cars (and the packages), but let's assume they pass toyota inspections and that warranties transfer (a dealer told me they do).

    any thoughts?
  • I can justify the payments but I'm about to pick one up for sticker: >27000.

    $520 per month lease at $500 down, 15K miles per year. this is a package 2. 6 weeks ago a package 6 was less than this...not feeling thrilled about the payments, esp since my last car was twice as expensive and cost the same to lease.

    Are there any dealers in SoCal not marking up/accessorising the cars? I've talked to several people who were going to get a Prius but were turned off by the dealers sticking it to them on markups.
  • bob104bob104 Posts: 94
    Here's a recent cost comparison between Prius, Accord and Civic. I'd quibble with things like the actual mpg, the failure to include sales tax costs and the failure to include battery expenditure of about $300/year but it shows that Prius is now the cheapest car to own.
    However, if they were to compare Fit or Yaris I think theyd win. Also, a theoretical 40mpg, 70-80hp Fit or Yaris would easily win, if only they'd sell them.
    http://green.yahoo.com/blog/amorylovins/43/rethinking-the-cost-of-hybrid-cars.ht- ml
  • velo2k77velo2k77 Posts: 2
    This week I am looking to purchase a 2005 prius with 84k miles on it. The guy is asking near $15,999 and it blue books for $15,250 in excellent condition so I'm going to try and talk him down but recent demand is making bargaining difficult. The Prius is from a business fleet and has had regular maintenange and has good tires.

    What advice or considerations would there be for buying a semi-hi (84,000) mile 05 used prius? Is the warranty tranferrable from the original owner? Is it an 8 year 100k mile warranty?

    Thanks!
  • jaxs1jaxs1 Posts: 2,697
    If there are similar ones available for less or better ones available for about the same price, you can negotiate the price down, but if not, you will need to pay or pass on it.

    The battery warranty depends on the state. In California, the battery warranty is longer than that. The warranty on the rest of the car is over unless there is an extended service contract.
  • Duuude....$520 a month for a lease??? Was that a typo??? You could get a bank loan for $27,000 at 7% for 72 months for $460. Don't do it man.

    Even if you added your sales tax to the loan it would only be $490.
  • chuck68516chuck68516 Posts: 195
    Here's where I don't get it. $27,000 for a Prius that gets what, 46MPG? A decent Toyota Yaris can be had for $14,000 and gets 31MPG.

    At 15,000 miles a year at EVEN A WHOPPING $7.00 per gallon of gas, that would mean....
    Yaris $3,387.10
    Prius $2,282.61
    WOW!!! WATCH OUT BILL GATES, WE HAVE AN ANNUAL SAVINGS OF $1,104.49 IN GAS MONEY!!!!

    5 year loan at 6% plus 8% sales tax for $27,000 Prius = $563.74 per month
    5 year loan at 6% plus 8% sales tax for $14,000 Yaris = $292.31 per month

    Prius costs $271.43 more per month but saves only $92.04 in gas money AT $7 PER GALLON!!! That's a NET LOSS of $179.39 per month for 60 months =
    -$10,763.40 FOR THE ENTIRE LOAN. HMMMM...WE COULD BE INVESTING THAT $179 PER MONTH AND MAKING MONEY (MORE ON THIS LATER).

    The media has brainwashed us (except me) into thinking we must all drive a Prius.
    Again, these numbers were assuming $7 GAS. It's realistically even sadder for the Prius assuming $4-$5 per gallon.

    And since it's now 2013 after you pay off the loan, the market is now flooded with the Prius and other Hybrids and 40-50MPG vehicles, you can bet that resale values after 5 years are NOT going to make up for that almost $11,000 LOSS. Plus, as I said earlier, if you had invested that $179 you would have saved per month with the Yaris, even at 5% gains you would have a small fortune which would be impossible for the Prius' resale value to compare to.
  • bob104bob104 Posts: 94
    Consumer Reports puts Yaris at 33mpg and Prius at 44mpg. That's a 125 gallon/15k-year difference. But 5 years from now the price of gasoline is likely to be way over $7/gal. Why would gasoline not be, say, $20/gallon? That works out to 45cents/mile for Prius. Same price to currently drive a medium RV. Plenty of people will still pay it.
    As a positive to Prius you need to consider the difference in resale between Prius and Yaris.
    As a negative to Prius you need to consider battery expenditure.
    I've long thought the same about Prius vs. small conventional car. But I think we're now pretty close to Prius becoming the more economical choice. The trick is in predicting resale and gasoline prices 5 years out.
    However, if you research Toyotas sold elsewhere youll find the 1.0 liter, 67hp Aygo sold in UK, toyota.co.uk, gets the same mpg as Prius and costs less than half as much with similar features. It's smaller and goes 0-60 in 14 seconds vs. Prius' 10 seconds, but they are both rated about 100mph top speed. The Aygo gets better mpg than Prius at highway speed.
    Now those are the numbers that are hard to dispute.
    Contact Toyota customer service,http://www.toyota.com/help/contactus.html, and tell them to bring the Aygo to the US. Tell them you'll buy a Honda Fit if they bring it over with 1.0 liter, 67hp. Then contact Honda and tell them you'll buy a 1.0 liter Toyota Aygo if they bring it first. Tell them you're putting off buying a car until that day.
    I'm tired of marketing execs thinking Americans are power-addicted brutes (even if most of us actually are).
  • syinsd1syinsd1 Posts: 5
    In San Diego, there are 2 dealers that I've been working with who is selling the Prius Touring model with Package 6 at just below MSRP (go see Poway Toyota or Mossy Toyota). Kearny Mesa Toyota insists on selling Prius with aftermarket Lojack, interior & exterior teflon, and vehicle security (blinking lights, siren, engine immobilizer), even though the Prius Touring w/Pkg. 6 already comes with a anti-theft system.
  • syinsd1syinsd1 Posts: 5
    Most queries for price quotes and car buying services (e.g., Costco, Edmunds.com, etc.) will point you to the internet sales or fleet managers.
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