My Prius has 100,000 miles and runs fine with no rattles. But I'm ready to trade for a newer one with a little more space in back seat. Should I wait for the 2008 new model or go ahead with a 2007 model. I definitely want another Prius.
2006-12-12 11:11:17 · 12 answers · asked by General B 1 in Cars & Transportation ➔ Buying & Selling
go with 08
2006-12-12 11:12:27 · answer #1 · answered by Trash Master 1 · 0⤊ 1⤋
If you are doing this to avoid a costly battery replacement, hold off. Even Toyota really does not know how long the batteries will last. Some Prius cabs in NYC have well over 200k on them.
If you are going to get a new hybrid, examine the tax laws, you may get a bigger write off if you do it early in the year. I know it is changing and the deduction will disappear all together soon.
I would drive it till it blew up, you aren't in the back seat that often, and it has sufficed for 5+ yrs so far. One thing to bear in mind, the EPA rating are changing for the 2008 models. Instead of 60/51 EPA rating, it will be a combined rating of about 44mpg. No change to car, the EPA is just redoing its testing. That could affect the pricing and demand, but in fairness every other car's mpg ratings will go down a lot as well. If you can make it a few more years, diesel hybrids will be the rage and get even better mpg.
2006-12-14 15:42:30 · answer #2 · answered by XUSAAAgent 5 · 0⤊ 0⤋
If you trade your car in now, your trade-in value will be good. Your mileage is the average amount driven that dealers look at. 20K per year. As far as what year to buy, consider this. If you want a new car, why not consider a 2006? dealers got the 2007 models around Oct. and still have NEW 2006 models in stock. They NEED to sell these. The manufacturers give the dealers discounts on these cars. in other words the dealers did not pay as much for them so you can get a REALLY GOOD deal. Even lower than "their bottom line.. because that is no longer what
it cost them, on the other hand, the 2007s have just come out and they have a whole year to sell them so the discounts are small. As for the 2008s your car will be worth much less. Trade it now. Who knows 2008 models may not even offer a back seat.!!!!!
Advice from a New and Used Car expert.
2006-12-12 20:26:41 · answer #3 · answered by ? 6 · 0⤊ 0⤋
There are lots of things to consider, many of which have nothing to do with technical intricacies, finances or even common sense at all. For example, I personally like to listen to audio books in my car, and almost all Prius packages (actually, all that you can buy in US) have MP3 player as a part of the package. That alone would tip the scale for me, but obviously you'll bring your own baggage of likes and dislikes to the dealership. Those will still be true on 2008 as they are in 2007.
However, there is one thing that is going to go away in 2008 and that's the tax credit. If you buy your Prius before March 2007, you are entitled to $1575 in tax credit (little less after that - see the table in the source below). Of course, you are not going to get the money until after April 2008, but I would safely assume you are still going to find a good use for $1575 in 2008 as you would in 2007 :-)
So, add that to the mix of reasons and see if it makes you buy a 2007. I love mine, even in really simple Package #2. Average 51Mpg so far.
2006-12-15 12:19:42 · answer #4 · answered by DA 2 · 0⤊ 0⤋
No I would keep it. A 100,000 isn't that many miles on cars today. You are just getting it broke in good. If it is paid for, just put the money you would be paying on the notes for a new one back in a special saving account each month like you are paying a car note every month.
Then when that one starts giving you trouble you will have a lot more than just a trade in to pay down making your car notes a lot cheaper.
2006-12-12 19:18:06 · answer #5 · answered by JUAN FRAN$$$ 7 · 0⤊ 1⤋
Easy way to figure the cost and benefit of trading in. First what can you get for your Prius now? What will it be worth a year from now with a year's additional miles? The difference is the cost of owning your older vehicle another year. Now, take the price of the new one and figure that its going to drop by 25% in value after your first year of ownership. Thats the cost of owning the new one for a year. Compare those two costs. Is it worth having a new car and additional room in the back for that difference in cost? Thats your decision in a nutshell.
2006-12-12 19:17:24 · answer #6 · answered by Robert A 2 · 0⤊ 1⤋
Nope, keep it until it literally limps into the dealership. The longer a Prius runs the more efficient it becomes.
2006-12-12 19:13:20 · answer #7 · answered by ihave5katz 5 · 0⤊ 1⤋
the sooner you trade it ,the better. what most people don't know is that the batteries are extremely expensive. soon they will fail , and cost you about five thousand dollars.i am in the automotive trade and have witnessed many disappointed customers.i hope this will aid in your decision. good luck.
2006-12-12 19:30:44 · answer #8 · answered by Rude dog 4 · 0⤊ 1⤋
If it ain't broken....don't fix it !!!! Get more bang out of your $$$ by driving your current Prius one or more years!
2006-12-12 19:15:15 · answer #9 · answered by afghaniguy007 2 · 0⤊ 1⤋
go for 07 the 08 might not be what you want you never know what they'll change for the new model
2006-12-12 19:12:55 · answer #10 · answered by topgunpilot22 4 · 0⤊ 1⤋