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Trade In? Gen 2 vs Gen 3

Discussion in 'Newbie Forum' started by Tech Tips, Oct 24, 2017.

  1. Tech Tips

    Tech Tips Member

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    I recently (1.5 months) bought a base 2006 Prius with 150,000km or 93,000mi, and after a scary situation where the ICE stalled on the highway (rodent nest in the throttle body, dealer stored car outside), It got me thinking about whether I should upgrade to a gen 3 for repair bills (hybrid battery, etc), safety, tech, and comfort. I plan on keeping the car till it dies or becomes too expensive but I also want to get the most valiue out of it (for example a gen 2 lasts 4 years and costs $8000 cdn, a gen 3 lasts 9 and costs $10000 cdn) We bought our 2006 for $8000 Canadian dollars (6300 US dollars) and it is in very goood condition. The average price for a gen 2 is $9500 ($7400 USD), and the average price for a gen 3 is $16000 ($12600 USD). So do you think I should upgrade?
     
    #1 Tech Tips, Oct 24, 2017
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  2. JC91006

    JC91006 Senior Member

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    No don't upgrade
     
    #2 JC91006, Oct 24, 2017
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  3. bisco

    bisco cookie crumbler

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    all cars are subject to rodent damage, and prius most especially. i don't really understand your question, sorry.
     
    #3 bisco, Oct 24, 2017
  4. Tech Tips

    Tech Tips Member

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    What I mean is will it make more sense to upgrade to a newer, safer car with most likely less repairs in the future
     
    #4 Tech Tips, Oct 24, 2017
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  5. bisco

    bisco cookie crumbler

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    that is a subjective question. objectively, the newer and lower the mileage, the less likely repairs you will have.

    but whether it makes sense is up to you, as you will see that we have owners here ranging from 2001's to 2017's.
     
    #5 bisco, Oct 24, 2017
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  6. GregC1979

    GregC1979 Active Member

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    I'd say go for it. Less repairs on a newer vehicle period.
     
    #6 GregC1979, Oct 24, 2017
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  7. RCO

    RCO Senior Member

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    That's a non sequitur - it does not follow that a newer car will always need get repairs, neither will those repairs always cost less.
     
    #7 RCO, Oct 25, 2017
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  8. bisco

    bisco cookie crumbler

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    the older the better!(y)
     
    #8 bisco, Oct 25, 2017
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  9. jerrymildred

    jerrymildred Senior Member

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    From a pure financial perspective, it doesn't make sense to upgrade unless you have a car that needs super expensive repairs. Drive the wheels off it.

    But, if the features of a Gen 3 are worth the cost to you, then that's up to you. It's a question of if you want a spiffier car or more money in the bank. But newer won't guarantee fewer repairs, as @RCO pointed out.
     
    #9 jerrymildred, Oct 25, 2017
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  10. Rmay635703

    Rmay635703 Senior Member

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    #10 Rmay635703, Oct 25, 2017
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  11. fotomoto

    fotomoto Senior Member

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    You're talking a $6k delta between your car and the gen3. That buys a lot of repairs. If you like the gen 2, keep it and budget that money for a new traction battery ($3k), both engine and inverter coolant pumps ($500) and all the other usual maintenance items.
     
    #11 fotomoto, Oct 25, 2017
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  12. mmmodem

    mmmodem Senior Taste Tester

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    It's simple. Financially, the longer you own the vehicle the less it will cost you accounting for repairs and maintenance versus new car payments.

    What you are asking is subjective in terms of safety. Some say there is no price for the safety of my family in a car. Others like me would say the income from my job isn't secure either. The safest car in the world does my family no good if I can't work and can't afford food or rent. I would keep the car I own as long as possible until it is unreliable or cost to repair exceeds it's value.
     
    #12 mmmodem, Oct 25, 2017
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  13. RCO

    RCO Senior Member

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    Gosh, I hope you're talking about me. I know birthdays are especially good for people

    The more you have the longer you live! :ROFLMAO:
     
    #13 RCO, Oct 25, 2017
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  14. Tech Tips

    Tech Tips Member

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    Thanks for all of the suggestions for what I should do, I think more likely I’ll keep my current prius, or just trade in for a higher package model.(y);)
     
    #14 Tech Tips, Oct 25, 2017
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  15. bisco

    bisco cookie crumbler

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    pleasure. all the best!(y)
     
    #15 bisco, Oct 25, 2017
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