Traded 2012 Plug in for 2014

Qasamm,

Sounds great, let us know if you see any differences. What color?

 

congrats, enjoy that new car feel and park away from the crowd!

 

I'm interested to hear about any differences that you may discover. As it stands, if there are no differences; with my 2012, I'm basically driving a 2014.

 

I received a phone call with a similar offer from my Toyota dealer and I though he was kidding me....
I wouldn't trade in my PiP for a lesser vehicle.
I'm aiming to a larger PHEV range hybrid or a Tesla tho.

 

If I had a Tesla, I'd like to see a small air-cooled APU as an option, to get you home if you were so foolish as to run out of battery in a remote area.

 

Assuming you bought your 2012 about two years ago, you probably owed about how much the 2012 is worth for trade in at this point (with only 12.5k miles per year). So yes, you have "Same payments, no cash down, 0 interest, state tax rebate and federal tax rebate, etc", but these same payments are now extended by an extra 2 years. On the bright side, your dings are gone and you get out of paying for maintenance for another two years, and you have that new car smell again.

 

Actually in my case, I bought it 5 months ago from the dealer at a steep discount, as a new vehicle with full warranty.

I'd say the new-car smell was already gone when I bought it, but I bought some air-fresheners with new-car smell, so all is well.

 

nice.

 

So why did they do this?

 

a lot of dealers do this to keep cars moving and extending financing. win/win, unless you plan on owning after payments are done. i wouldn't mind having an open ended lease that i could get out of at any time, if the price was right.

 

...hmm but you should be getting $2500 Fed tax credit and $550 MD excise tax credit...so $3k tax credits?

 

There is not $7 k tax credit on Prius PiP

 

Doesn't that depend on the state? The federal credit is $2500, but the state credits vary all over the place, starting at $0.00.

 

i think colorado has a good one.

 

And your payments will be going on longer; probably MUCH longer.

For most owners a lease is a bad deal. Trading one in early usually is a REALLY bad deal.
If the salesperson/dealer wasn't getting more money from you they wouldn't be suggesting it......the lease OR the trade.

 

^ Well that's what I was thinking. I mean, with my 2 brain cells, I just use the flow chart:

Are Salesman's lips moving >>> If yes, it involves extracting money from me.

 

yes, but you're getting a new car. you guys make it seem like it's all one sided.