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Camry SE vs Camry Hybrid SE

cornstarcornstar Posts: 2
edited June 2015 in Toyota
Hi all,

I am in the process of buying a new car. I have found that new cars are only slightly more expensive than old cars based on my corporate rate. Ej. $22k for a new 2015 vs $1k for a used 2014 w/ 13k miles (before fees)

I was hoping to seek some advice as to which car I should get. I currently live in NYC (Brooklyn) but work in Manhattan via public transportation.I do not intend to drive a lot, maybe once a week to the gym (1.5 mile drive), perhaps monthly trips to Costco, and potential monthly weekend trip within the Tri-State area.

Due to the lack of mileage, would it make financial sense to get a hybrid if I will only save money in the long run?

Comments

  • texasestexases Posts: 8,847
    Unless you're driving a lot of stop and go miles (say more than 1000 miles per month) there's no way a hybrid would pay. You'll be money ahead with the regular SE. I have a hybrid, I like it, but my daily commute makes it (maybe) worthwhile. Yours doesn't sound close to having enough miles. Also, it's not good for the hybrid's batteries to sit unused for long periods.
  • cornstarcornstar Posts: 2
    texases said:

    Unless you're driving a lot of stop and go miles (say more than 1000 miles per month) there's no way a hybrid would pay. You'll be money ahead with the regular SE. I have a hybrid, I like it, but my daily commute makes it (maybe) worthwhile. Yours doesn't sound close to having enough miles. Also, it's not good for the hybrid's batteries to sit unused for long periods.

    Thanks. That's what I was thinking as well. What are your thoughts in regards to buying a used 2014 SE (13kmiles) for $16k vs buying new 2015 SE for $22k? (Note this is pre-tax).
  • texasestexases Posts: 8,847
    I'd use the various pricing tools (Truecar, Price Promise (above), etc.) to get a good estimate of what the new SE would cost, to make sure it's better than your corporate rate, then compare it to used SEs in your area. Me, I like the new car/warranty, but it's your money.
  • For $1K difference, go for the 2015. No flies on the 2014, but Toyotas and Hondas are seldom worse after a model change.
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