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As for the accident, it was a head-on, the p/u crossing the center divider into my lane, with our combined speed roughly 100 mph. My car was destroyed, the truck had some minor cosmetic damage, however I walked away from the wreck, the truck's driver had a broken wrist, two broken ribs and had to be taken away in an ambulance.
I think that the new Corolla will continue the 30+ year trend of its name and be a tremendous success. It is a very high-quality car that mortals can actually afford.
Now enter the Corolla. It has no personality that makes its own statement! It's a mini-Camry, and nothing more! I hear they're even offering leather, LOL! In an economy car!
To me, the car screams "I can't afford a Camry or Avalon, but I wanna look like one!" Ten years from now, no one will remember what this car looked like. It has absolutely NO features that distinguish it from other cars in the line. At least the old model had its own unique appearance.
Wake up, Toyota! Why can't we have the European body? Must all Toyota enthusiasts have to accept the vanilla (my opinion) Camry styling? I agree with that earlier post -- I miss the mid- to late-80s Toyotas. Remember the FX-16 "pocket rocket?" Or the supercharged first-generation MR2?
Heck, even their first two minivans were unique in appearance. Now you can't tell a Sienna from a Chevy Venture. Think that's stretching it? Check out:
http://www.chevrolet.com/venture/index.htm,
and:
http://www.toyota.com/html/shop/vehicles/sienna/index.html
And to think I'm bashing Toyota's new Corolla, when my first car was a 1978 Corolla Deluxe. Oh well.
Meade
Meade
http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/pictures/124371.jpg
And...this is the European Corolla aka Corolla Altis.
Meade... I think it is nice they are offering leather though. Don't be surprised when the next generation Protege comes out with a leather option. I know you have seen the new Mazda 6 and that car makes it clear they are targeting European makes. It will all be interesting to see.
Anyways, I think most young internet savy buyers that want a nice set of wheels will pass up the Corolla. It is quite bland and anyone who wants a sporty ride will know that the body add ons are for show once they drive it. The Leather will only get buyers that want the feel of a mini luxury car. Personally I like leather...I wish my Protege had leather seats? Why? Becuase leather usually doesn't have any stupid patterns like cloth seats do. I'll have to admit the my Protege cloth seats look OK.
On another note, the Mitsubishi EVO VII is coming to North America next year! Not excactly an economy or low end car but for a fraction of the price of a Porsche, you can have superior performance. I hope they sell it in Canada, there are no Mitsu dealers here.
CE manual - 13,855
CE auto - 14,655
S manual - 15,000
S auto - 15,800
LE manual - 15,165
LE auto - 15,965
These prices include the "Delivery, Processing, and Handling" fee, which is $40 more in some states. Considering that well-equipped Sentra GXE 5-speeds sell for under $13k and Elantra GLSs for under $11k, Toyota is banking a lot on their quality reputation to sell the new Corolla. But sell they will--just like all the Civics that are snapped up at a premium price.
Can't find him anywhere.
I guess he's gone out for mission at Afgan.
Or Maybe promoted(ColonelTomEcho whatever) and replace his Echo with new Camry(ColonelTomCamry).
Anyway, I miss him a lot.
-Spiritz-
-Larry
<<BASEFONT COLOR="red">OWNERSHIP COST as related to DEPRECIATION:
Purchased in late spring of 1994 for $16,703.
Sold in early spring of 2000 for $7,000.
*Difference of $9,703 or aprox. ownership cost of $139 a month. That was pretty cool. Used the $7,000 as a down payment on the 2000 Mazda Protege. To me,very verrry low depreciation and top box reliability of the Toyota Corolla increase the value of this car well above the extra couple thousands of dollars you pay over the domestic and Korean small sedans. Just my opinion.
*excludes finance interest and yearly maintenance & repair costs.
-Larry
(MSRP + dest) - Trade In Value(per Edmunds) = Loss in value
15490 - 8654 = 6836 Protege
15605 - 8909 = 6696 Focus
Per Edmunds, at least for now the Focus lost less value than the Protege.
I'll bet when you factor in the discounting from MSRP the figures get closer in most instances.
The figures also show that the trick to making out OK on depreciation on a Korean car is to pay as little as possible. For example, let's compare the 2001 Corolla LE to the 2001 Elantra GLS. I'll use Edmund's TMV figures for similarly-equipped 5-speeds (Corolla with Extra Value Pkg 2 and side air bags), similar colors, and my local zip code.
Corolla TMV $13,596
Elantra TMV $12,202
2-year Depreciation:
Corolla $6254
Elantra $6711
4-year Depreciation:
Corolla $8022
Elantra $8541
5-year Depreciation:
Corolla $8701
Elantra $9273
So using TMV numbers, the advantage is to the Corolla. But I know that 2001 GLSs, and in fact 2002 GLSs, could be had for under $11,000 in my area based on regularly advertised prices--no haggling needed. (Also, TMV does not take into account the rebates that Hyundai frequently offers on Elantras.) In some areas of the country such as California, prices are even lower. Assuming one pays just $11,000 for the Elantra, the picture changes:
2-year Depreciation: $6050
4-year Depreciation: $7700
5-year Depreciation: $8360
One could argue that if the Elantra could be had for less than TMV, then it's possible that the Corolla could be bought for under TMV also. And that could be true. The point is that the strategy followed by some low-end car buyers (like me) to buy a car with a higher depreciation rate is not as bad economically as many posters in these forums would lead you to believe--as long as you can get a super-low price for the car compared to the cars with lower depreciation rates.
http://alg.com/
http://12.107.25.158/muni/purisima.asp
Here is how they rate:
24 months-
2001 Honda Civic ES retains 61% of it's value.
2001 Volks Jetta GLS retains 61% of it's value.
2001 Toyota ECHO retains 56% of it's value.
2001 Nissan Sentra SE retains 55% of it's value.
2001 Saturn SL2 retains 55% of it's value.
2001 Toyota Corolla LE retains 54% of it's value.
2001 Ford Focus ZTS retains 54% of it's value.
2001 Mazda Protege ES retains 53% of it's value.
2001 Subaru Impreza AWD retains 52% of it's value.
2001 Hyundai Elantra GLS retains 45% of it's value
2001 Chevy Cavalier LS retains 44% of it's value.
2001 Suzuki Esteem GLX+ retains 43% of it's value.
2001 Daewoo Nubira CDX retains 43% of it's value.
2001 Dodge Neon ES retains 40% of it's value.
2001 KIA Spectra GSX retains 37% of it's value.
48 months-
2001 Honda Civic ES retains 46% of it's value.
2001 Volks Jetta GLS retains 46% of it's value.
2001 Toyota ECHO retains 39% of it's value.
2001 Nissan Sentra SE retains 41% of it's value.
2001 Saturn SL2 retains 39% of it's value.
2001 Toyota Corolla LE retains 41% of it's value.
2001 Ford Focus ZTS retains 38% of it's value.
2001 Mazda Protege ES retains 38% of it's value.
2001 Subaru Impreza AWD retains 39% of it's value.
2001 Hyundai Elantra GLS retains 30% of it's value
2001 Chevy Cavalier LS retains 32% of it's value.
2001 Suzuki Esteem GLX+ retains 30% of it's value.
2001 Daewoo Nubira CDX retains 29% of it's value.
2001 Dodge Neon ES retains 28% of it's value.
2001 KIA Spectra GSX retains 25% of it's value
60 months-
2001 Honda Civic ES retains 41% of it's value.
2001 Volks Jetta GLS retains 40% of it's value.
2001 Toyota ECHO retains 33% of it's value.
2001 Nissan Sentra SE retains 35% of it's value.
2001 Saturn SL2 retains 33% of it's value.
2001 Toyota Corolla LE retains 36% of it's value.
2001 Ford Focus ZTS retains 32% of it's value.
2001 Mazda Protege ES retains 32% of it's value.
2001 Subaru Impreza AWD retains 34% of it's value.
2001 Hyundai Elantra GLS retains 24% of it's value
2001 Chevy Cavalier LS retains 27% of it's value.
2001 Suzuki Esteem GLX+ retains 26% of it's value.
2001 Daewoo Nubira CDX retains %24 of it's value.
2001 Dodge Neon ES retains 24% of it's value.
2001 KIA Spectra GSX retains 20% of it's value.
Pretty interesting?
-Larry
Why do you desire a Mazda MPV when the Honda Odyssey retains value the best?
Do you feel as many people that "fun to drive", "just feels nicer", dealership has nicer sales department/service department, etc. may be more important than to consider depreciation only?
Amen.
Double Amen.
"I am not Tpeng, but I am answering for him since he seems to have vanished into the night. I am not sure if Tony confirmed this, but I believe the dealership was the one you mention." [italics added]
Now is that a strange coincidence or what?
I own a 2000 Elantra and just bought a 2001 Elantra GT. I test drove the Pro 5 (ride was too harsh)recently and test drove the Sentra and Corolla before purchasing the 2K Elantra.
For my taste, the Elantra GT is the best all-around small car out there. The heck with resale, the GT has the best combination of ride, features and price for its class. Power everything (except seats) leather seats (nice quality), ABS, moonroof, traction control, side airbags, alloy wheels, trip computer for under 15K.
And with the sports-tuned suspension one of the best rides of any car I have driven. My ex gf has a BMW 330xi. I *&^% you not, the GT's suspension compares well (ahem... as for acceleration, steering, etc. well it is an economy car.)
BTW, I couldn't even test drive the 2002 Sonata or Sante Fe. They were both sold out.
2021 Kia Soul LX 6-speed stick
Carleton, I'll answer your query asap. I have been very busy at work and I have not had a chance to give yoo a thoughtful response.:-)
-Larry
-Larry
Thanks for your concern over my whereabouts.
I know it will be over the $15,000 ceiling, but has anyone been following the Dodge SRT. It is basically a Dodge Neon with a turbocharged 2.4L engine. Dodge says it will be the second fastest Dodge in production. Second only to the Viper.
http://www.picturetrail.com/gallery/view?p=999&gid=584227&uid=467343&members=1
Major, good to see you again.
-Spiritz-