Decision time - your thoughts on long term reliability please

Discussion in 'Gen 4 Prius Main Forum' started by megaoptimus, Mar 22, 2019.

  1. megaoptimus

    megaoptimus Junior Member

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    Howdy all, I've got three purchasing choices ahead of me I'd like to make in the next few days to a week. Goal: To keep the car for the next several years or so with minimal issues.

    1. 2016 Prius two with 41,416 miles at $18,544 minus $5700 in trade.(click link)

    2. 2016 Prius 3 touring with 25k miles at $22k out the door minus $5k in trade if I decide to trade instead of private sell my old car for about $7500. Got the dealer down to $22k even, which I think is fair price for this car.

    3. 2018 Hyundai Ioniq SEL (new) $19,416 after trade and all dealer fees included.

    Questions:

    1. How reliable can I expect either prius to be for the next 7 years? Especially the higher mileage prius linked first. I figured you guys would know more than any body.

    2. The Ioniq is very appealing because it is new, close to the price of the P3 touring, comes with a 10 year/100k mile warranty, and life time battery replacement.

    I've driven the Ioniq and P3 touring, and while the Ioniq is technically superior (which is nice to have), I think I enjoyed the P3 touring better.

    Either prius is cheaper in insurance and registration costs. I'm leaning towards the prius because it is cheaper up front and long term costs over the next 2-4 years. I'm going to another test drive of the P3 and the Ioniq in the next day or two.

    What do you guys think?
     
    #1 megaoptimus, Mar 22, 2019
    Last edited: Mar 22, 2019
  2. ETC(SS)

    ETC(SS) The other One Percenter.....

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    No brainer.

    The Ionic will be the most reliable....and it's new to boot, so you do not have to worry about how it was treated during those early formative years.

    However (comma!) I would not impose a false deadline that compels you to make a decision before you HAVE to.
    That's how bad choices are made.
    Get back with us after you drive both again.

    Also you need to widen the parameters of your decision.
    If your going to pick a car solely based on reliability, then "how much you like to drive it" is a triviality.
    On the other hand....why drive a car that you do not like to drive?

    Final thought...
    2-4 years is not "long term."

    Cars are designed with a more or less 10-15 year lifespan.
    If you're going to be swapping them out every 2-4 years, then buy which ever one you LIKE the most, because 'affordability' cannot really be your top issue.

    Good Luck!
    Let us know what you decide!!
     
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  3. megaoptimus

    megaoptimus Junior Member

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    I explained myself poorly regarding long term vs short term. And I agree with you about not compelling myself into a poor choice. That is exactly what I did that last time I bought a car. Nope, not again. Hence my being careful this time.

    I'd like to keep the car for at least 7 years. Long term, I think the Ioniq or the prius would be great. I like them both. Short term: The Ioniq is going to be more expensive for me over the next 2-4 years considering insurance and registration along with just a higher payment. I need to get my disgust for "depreciation" when it comes to buying new. However, I can get 0% financing on the Ioniq for 60 months, which helps a great deal. I'm just not sure I like how it drives, I do not know yet. Need more drive time.

    I'd like to make a choice soon while I can still squeeze out some good value from my current car.

    I also test drove a 2016 civic ex for $15k and thought it was near perfect compromise - except the seats, holy hell did they suck. Sat in the prius and "blam" instead comfort. Felt right, etc. Ioniq was good to, but I kinda liked the prius better. Very close, so either is fine.
     
  4. CooCooCaChoo

    CooCooCaChoo Active Member

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    I've never touched a Hyundai or its cousin Kia ever, and I never will. So I can't speak on their reliability. However, the battery lifetime warranty is intriguing, but only if you plan on keeping the car forever. My first Prius was a Gen 2 that had 150k miles on it when I had to replace the battery. I bought that used though.

    I expect my current Two Eco to last at least 10-15 years with regular maintenance, and the battery to last at least 10 years before having to be replace. The lithium ion battery tech in the Prius is similar to the lithium battery used in Teslas and those have gone 160k miles with 10% degradation.

    One thing that you did not mention is how much you drive. My work commute is about 45 miles round trip, so the savings in gas for me are high.

    What are you currently driving?
     
  5. megaoptimus

    megaoptimus Junior Member

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    I'm currently driving a 2013 C-max. And I won't drive as much as I once did - work from home a lot. But, I live in Montana and you basically gotta drive every where for any thing unless you live right in a bigger town, which I don't. I also may have to travel for work once in a while as well. So I don't have daily commute. More like a 1-2 times per week 70 minute commute round trip.
     
  6. megaoptimus

    megaoptimus Junior Member

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    However, long trips are a thing out here in the west lol
     
  7. orenji

    orenji Senior Member

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    You never know what will happen in 7 years. If you want a hybrid you know Toyota is the right choice. But it’s hard to pass up on a 10 year warranty and lifetime battery replacement.
     
  8. ETC(SS)

    ETC(SS) The other One Percenter.....

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    Concur.

    Not as much as you think.
    If you have good credit, you can get a good rate and ALMOST ALWAYS the cash that they offer in lieu of the teaser rate is more than the interest payed over the life of the loan.
    Even with a 60 month loan, you're paying less than $2,000 in interest - which in many case is hundreds less than the money that they will knock off if you arrive at the dealership with a pre-approved loan.

    You're wanting to make the monthly payment easy....which makes you more apt to make more monthly payments.
    MY AIM is to have beads of cold sweat break out on my forehead at the very thought of having to MAKE a monthly payment because I want to be able to retire someday.

    Your call.

    The best way to do that is to sell your current car.
    If you trade it in....you lose.

    Every single time.
    They'll tack a little on this side of the deal and take some off of the other side and make you think that you did OK, when in fact you're always giving up some equity in a dealer trade.

    Also....this is a very poor time to buy a car and a very GOOD time to sell a car because people have tax refund checks burning a hole in their back pockets.
     
  9. megaoptimus

    megaoptimus Junior Member

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    You're right. Just ran numbers. Payment on a new SEL if a I take all discounts and the 1.9% rate are cheaper. But, the sweat does trickle down my face when I think of being in car debt again for the next 5 years. I haven't had card debt in a while. But my current vehicle isn't going to last another 5 years, at least I don't trust it. Let alone 10 years.

    The blue version is by far the most cost effective at 1.9% with all discounts applied.

    However, car debt is a concern, so I'm thinking I may keep my eye out for a used Ioniq or prius on Carvana (or locally) and go with that.

    When I combine insurance & registration with the car payment, actual monthly cost of just owning the car (not factoring in gas, etc) is $375 vs 357 (Ioniq Blue vs P3 Touring respectively).


    When IS a good time to buy a car?
     
  10. ETC(SS)

    ETC(SS) The other One Percenter.....

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    It should.
    Of all of the things that keep people from being able to retire early buying too many new cars has got to be the number one avoidable cause!

    Good question.

    Of all of the answers you hear out there, I like the simple "late in the month and late in the year" one the best.
    Businesses are driven by profits.
    Profits are measured in periods of months and years.

    Also...Late in the Year is when people are usually spending money on other things....and businesses are usually calcuguessing things like quarterly and annual profits.
    January and maybe VERY early early February are also good because people are still paying for Santa (or looking aghast at the bills from Santa!) and the lots are empty, and the sales force is a little more motivated to pay for THEIR Christmas.

    Ever wonder why upscale car companies have their commercials at the end of the year, while the garden variety makes always have their blowout sales in the spring?
    Think about it.... ;)

    Good call on the used Ioniq versus new....btw.

    Don't be afraid of the Korean brands.
    You might be old enough to remember when Japanese makes were cheap because there were lingering memories of their not being such well made cars as American models.
    Much the same thing is happening (IMO) in the Pacific Rim right now.
    If they ever start punching out cars in the Nam, then the Koreans will have to up their game somewhat.
    China too.....but they are getting pretty rich pretty fast, and NOBODY wants their kids to work on an assembly line if they have alternatives.....

    Korean models are not what they were even 5 years ago.

    YMMV.
     
    #10 ETC(SS), Mar 22, 2019
    Last edited: Mar 22, 2019
  11. tucatz

    tucatz Active Member

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    The Hyundai Ionic looks like a rather small vehicle. I’ve seen them on the highway in the Bay Area. They remind me of a Honda Insight. The lifetime battery warranty sounds good, but who knows how long the car or manufacturer will be around and willing to honor said warranty. Toyota’s HSD been around for 20 years and works perfectly.
     
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  12. alanclarkeau

    alanclarkeau Senior Member

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    They're essentially equivalents by 2 different makers. I notice you didn't include the price of a new PRIUS - are there any run-out deals of 2018s with the new model coming online?

    PRIUS is proven - ~20 yrs reliability at the top of the vehicle fleet for many of those years, many very high mileage cars with original everything.

    IONIQ is new, the Hybrid drive appears to be quite different and much more complex, with a DualClutch transmission which seems to be less integrated than TOYOTA's Hybrid Synergy Drive. The other thing which gives me doubts is the unreliability of some DualClutch transmissions.

    I had a KIA from 2006-2008 - absolute reliability, and, better built (panel gaps and paint) than my 2016 PRIUS.

    BUT - you've got a new car warranty, and that long battery warranty.

    Throw the figures for both cars (and a new PRIUS if the price will be low enough) into a spreadsheet to work out the overall projected value over 3 or 5 years included projected resale.

    THEN - decide which you like best and can live with every day. Sometimes the $$$ doesn't win the war. Otherwise they'd have sold a billion YARISes or other "ordinary" cars, and they'd never sell Bentleys.
     
  13. bisco

    bisco cookie crumbler

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    7 years isn't an issue. the issue is, how many miles do you expect to put on in 7 years?

    if it is under 110,000 the first prius will be just fine.
     
  14. orenji

    orenji Senior Member

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    An hour before closing. The guys want to go home and will make a deal much faster.

    Hyundai is a huge corporation and build a lot more then cars. Cars are just a small piece of their portfolio. Hyundai is going no where.
     
    #14 orenji, Mar 23, 2019
    Last edited by a moderator: Mar 23, 2019
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  15. priusman09

    priusman09 I used to be a TDI

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    In your questions of reliability I would look to resources such as Consumer Reports for concrete information how reliable these cars are over the years. Being a long time Prius owner (now of 2 different models) I can tell you they are exemplary, rock solid reliable. Also looking at the Consumer Reports reliability reports it shows and amazing super reliable record. Toyota certainly has years and years of experience to be good at hybrid technology. Is a Hyundai a good bet? Maybe... I always like to listen and look on the owners web sites to get a real feel for the true experiences of the owners. I can tell you that having a big Asian car warranty may sound good but it doesnt stop you from having problems and taking it in for repairs. I had first hand experience with this on a Kia, where we took it in again and again for issues until we traded it off. Certainly the Korean cars have upped their games and improved reliability since then. Lastly you have to ask yourself what your car will be worth after your done with it. A good trade in on the next car is important. Old Prius bring a lot of money even though they have 200/300,000 miles on them. I can tell you with my experience on my first Prius ownership of about 225,000 miles was that it was absolutely amazingly reliable. My second ‘17 has been excellent so far too so Toyota has earned my repeat business. The others have not.....
     
    #15 priusman09, Mar 24, 2019
    Last edited: Mar 24, 2019
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  16. alex s

    alex s Junior Member

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    I’d take a certified or slightly used Toyota over a new Hyundai/Kia ANY day. A 10 year warranty sounds nice until you’re using it constantly or your engine catches on fire.

    The Korean marks have vastly improved over the years, but they still have a long way to go.
     
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  17. alanclarkeau

    alanclarkeau Senior Member

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    I'd disagree - going back 13 yrs, the first car I ever had without a warranty claim or recall was a 2006 KIA(*). My daughter has 2 KIAs (Carnival and Sorento) which are both high kilometres now.

    (* I claimed on the accessory floor mat which wore under my accelerator heel at almost 3yrs old - and KIA replaced the full set.)

    My PRIUS has had 2 recalls, and 2 warranty claims.

    But - as I said above, I'm not convinced that a Dual Clutch will be as reliable as a Hybrid Synergy Drive which is almost faultless.
     
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