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'05 Prius w/ ~65k miles for $14,995 -- Good deal?

Discussion in 'Gen 2 Prius Main Forum' started by fuse, Sep 8, 2011.

  1. fuse

    fuse New Member

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    I'm 21 years old (not that it matters much) and looking to buy my first car, currently driving a '94 Camry with ~215k miles on it. The deal is in the title and I have no idea on if I should consider it or not. I haven't test driven it or anything (yet), but the CarFax was clean and it looks to be in good condition. Not sure what package # it is though or if I'll be able to knock anything off the listed price...

    My main concern, as many others, is the battery. I'd rather buy a hassle free car as $15k is still a good chunk of money for me and I plan to move out next year once I graduate, so I figure I should buy/finance now before I have housing to worry about housing. Basically, dropping another $3k on a battery can't happen. Are there any other concerns I should know about if this deal pans out?

    I never really drive more than 50 miles any given day, usually averaging around 10 or 15, so getting up to the bigger mileage will take some time.

    So, should I look into this Prius or go for something different/cheaper for my first car? I know asking here is a bit biased, being the Prius forums and all, but it never hurts. I know next to nothing about cars, so all this is foreign to me. Factors to consider -- I live in NE, so we have HOT summers and COLD winters. I like good fuel economy (assuming I get near the rated), sporty looks don't really matter to me, and acceleration just needs to be enough to merge onto the highway.

    Any input would be much appreciated. Thanks!
     
  2. V8Cobrakid

    V8Cobrakid Green Handyman

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    if the prius only has 56k miles.. you're good for at least another 100k miles. a lot on here have gone longer.

    if you get the car, change the 12v battery... change the oil, and you might as well change the psd fluid (easy.. just not super cheap)

    my prius was my first new car.. i purchased new for 29k... 42k with financing once all said and done with financing... it was a huge mistake in a sense... i wish i would have waited a few years and picked up a deal like you're getting right now (i do love my car though...)

    the way i see it in the end is... a new cheap car for 16k financed which can last 100k miles possibly 200k miles.... or.. get a prius that's a great deal for the same price... saving you thousand and thousand of dollars over a new purchase. my car has almost 180k miles and still feels like new... i still get 40mpg (with rims and aggressive driving)
     
  3. V8Cobrakid

    V8Cobrakid Green Handyman

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    btw.. there are complaints about a prius in snow... i love my car in snow... traction control works great and to accelerate on a slippery surface means holding the gas down till the car gets up to the traction/speed you like (takes care of itself...)...
     
  4. AllenZ

    AllenZ Active Member

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    If you don't drive much, then paying a high premium for a Prius in this seller's market is not the best option. If you really like Prius, then you should buy a high mileage Prius, such as 150K or so. Your main cost is on depreciation, which happens even if you don't drive it at all.

    If you are worrying about up coming housing cost, then you should be even more conservative on spending money in car. Continue to drive your Camry is the best I think, since it is a dependable car, although old. But I've seen many Camry reach 300K miles before, if you maintain it well.

    In a couple month, I think used Prius price will come down a little bit. When time comes to replace your car, Prius is the best option, because gas price will up again, and your Prius will depreciate much less than other cars.
     
  5. seilerts

    seilerts Battery Curmudgeon

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    I know a couple that has had more trouble with their 02 Camry than with the '93. The early 90's Camry is a million-mile type car. I'd suggest driving that Camry until it either won't go or you just can't stand it. For every month that it keeps going, put the $300 car payment that you would have spent on this Prius into a savings account.

    $14,995 is too high for an '05 regardless of options. We paid $12K for our '05 with smart key and HID headlights almost two years ago. Yes, prices have gone up, but not that much.
     
  6. fuse

    fuse New Member

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    Thanks for the input all, it would seem I should stick my current Camry. I'm fine driving it now that the weather is cooler, but the thing is torture in the summer with no A/C.

    I do have a decent chunk saved up, ~$10k, not sure if that changes things.

    Anyways, more input is always welcome. Thanks all!
     
  7. Patrick Wong

    Patrick Wong DIY Enthusiast

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    If the Camry is running well (other than lack of AC) why not have the AC fixed so that you can enjoy driving it in the summer months??
     
  8. fuse

    fuse New Member

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    It'll be a minimum of $1k to fix it, quite possibly a bit more. That, to me, is quite a lot to spend on something that could die at any moment.
     
  9. NYPrius1

    NYPrius1 Active Member

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    Sounds High to me. I have an 07 with everything and only 29K miles and I doubt I could get that much. Keep Looking
     
  10. fuse

    fuse New Member

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    Just curious, how low would the price have to be to be considered good? The Blue Book value lists it at ~$15.7k, so it is priced under that...
     
  11. AllenZ

    AllenZ Active Member

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    I agree to save for future cars, but not by savings account. $300 now still can buy 7 silver coins (1 oz each). In 3 years I those silver coins might appreciate 100%

    Allen
     
  12. seilerts

    seilerts Battery Curmudgeon

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    Heh. I used to work for a hedge fund. Look for silver to hit $20 in three years.
     
  13. cwerdna

    cwerdna Senior Member

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    In my experience, KBB is high and Edmunds and NADA tend to be low.

    Are you buying from a dealer or private party? Have you checked around on Craigslist, Ebay Motors and Autotrader to do some price comparisons?

    I find it pretty unlikely the HV battery will fail before 150K miles. They're warranted for 10 years/150K miles in CARB emission states (8 year/100K miles in the rest of the US).

    BTW, you should find http://priuschat.com/forums/knowled...andard-optional-equipment-some-countries.html helpful.
     
  14. Sugvee

    Sugvee Junior Member

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    I bought a 2005 Prius with some options and with 75k miles for $11k -- with tax, tag and title came to $12.5 k. I bought it from the largest Toyota dealership in Miami. The car looks like new. I got 54 mpg for the last two tanks. I did a fill up today and averaged 62 mpg for the 22 miles I have driven so far with the new tank of gas. I used to drive a 2000 Acura TL whichngave me around 18 mpg -- so I am saving about $150 per month in gas expenses.
     
  15. fuse

    fuse New Member

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    Craigslist is horrible for my area, no selection whatsoever. I'm basically stuck using a dealer. There are some good deals on motors.ebay, but buying a car from eBay irks me, I'd like to test drive it and all that jazz first.
     
  16. NYPrius1

    NYPrius1 Active Member

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    Go To Ebay Click Completed Auctions list the make and year. You will see what a Prius has sold at. I think this would give you a pretty good idea.
     
  17. hobba

    hobba New Member

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    I've got a 2005 Prius for sale for 15,900. Its only got 46,000 miles on it. Contact me if interested.
     
  18. stevemcelroy

    stevemcelroy Active Member

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    Given your situation I'd pass on that Prius. That seems like quite a bit of money for a 6 year old car. Yes it may be what they are going for, but the likelihood for buyers remorse is high. For that price you could get a lightly used Honda Fit - new they start at just over $15k.