1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Quick - should I get this car? Manufacturer buy back...

Discussion in 'Gen 3 Prius Main Forum' started by Mystical ice, Aug 21, 2013.

Thread Status:
Not open for further replies.
  1. phoenixgreg

    phoenixgreg Senior member

    Joined:
    Apr 7, 2010
    1,157
    289
    66
    Location:
    Phoenix
    Vehicle:
    2010 Prius
    Model:
    II
    I think there was a TSB for this problem that involved manifold change-outs by Toyota. If the service records show this was done, the engine should be fine.
     
  2. Mystical ice

    Mystical ice New Member

    Joined:
    Aug 21, 2013
    13
    2
    0
    Vehicle:
    2012 Prius
    Model:
    Plug-in Base
    Wanted to just respond to a few of the responses.
    First off, thank you everyone that gave me feedback. I ended up not buying either of the two cars. I picked up a 2013 Prius with 8k miles, single owner, on Friday night, for ~$20k out the door (TTL included). Brand new floor mats, and some other perks. Not a scratch, ding, or dent outside, and a flawless interior. For all intents and purposes: brand new.

    I've heard good and bad things about rental vehicles. It's true renters often abuse them, BUT for a company that makes its money on their car fleet, you'd better believe they take good care of them. Oil changed regularly, and so forth. I'm still leery of them though.

    Also, I disagree with the "pay a few thousand (!!!) dollars more for a new car. Penny wise pound foolish". Let me tell you what's foolish: driving a new car off the dealer's lot and IMMEDIATELY losing 10%+ of the car's value. This is only the second Toyota I've ever owned (I still have a Camry), but I don't believe there is any exception to that rule, regardless of car manufacturer (obviously sans some special edition cars, etc). In my case I got a car that had an original sticker price of $28,500 (I have the original sticker), and paid $10,000 less for it, albeit with 8k miles. 8,000 miles for $10,000? Still in completely brand new condition inside and out, and with the remainder of the factory warranty? Yes please. I'll spend another $2000 and get a 5 year 100k mile 'platinum' warranty, and be better off than a new buyer.

    Although to be fair, I hear Toyota (and Honda) don't depreciate as fast as domestic models, which I have more experience with. I've purchased several Cadillac CTSVs over the years, and it always blows my mind how a $69,500 car can be purchased for $50,000 a year and a half later, with under 10k miles, and still in mint condition. I recently sold a 2007 model with 100k miles, excellent condition inside and out, and I couldn't get a bite for $14,000. No joke. This a car that had a sticker of $50,000 just 5 years ago.

    Anyway - I've now been a Toyota Prius owner for going on 48 hours this evening, and I'm very impressed with the car. According to the computer (which I don't trust completely) we're getting 50-57MPG on each of our short trips. Seriously contemplating getting one of these things for myself too.
     
    JMD likes this.
  3. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    A Prius plug in base will lose $11,700 in depreciation the first year. You got a great car but market price is $16,800. You paid $3,200 over market.

    The Platinum warranty is your choice but with the Prius you get 150,000 mile hybrid warranty included in the car in a CARB state. Additional warranty is not necessary.

    You also took it in the shorts on sales tax but no way around that unless you live in Oregon.

    When I drove my 2012 off the lot it lost 5K in deprecation of which I negotiated $3,500 off sticker but I have a regular Prius.it had 6 miles on it. Pip depreciation is acclerated due to tax incentives. Well documented just google it

    You got a fine car but the deal is nothing special. In fact you may have got hoodwinked


    image.jpg

    2013 Toyota Prius Plug-in Base 5dr Hatchback Cost of Ownership
     
  4. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    Duplicate post
     
  5. 32kcolors

    32kcolors Senior Member

    Joined:
    Jul 14, 2009
    5,683
    953
    124
    Location:
    Redondo Beach, CA
    Vehicle:
    2010 Prius
    Model:
    V
    Unless that new buyer who purchases no extended warranty has no trouble in 5 years/100k miles, which is more likely to happen than not.
     
    JMD likes this.
  6. retired4999

    retired4999 Prius driver since 2005

    Joined:
    Aug 11, 2011
    2,652
    625
    15
    Location:
    Eau Claire, Wi.
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    If you still think you need extended insurance, make sure it is platnium plan and call Troy and save some money.
    I don't know what it is selling for now but it is no were near $2000, probably closer to $1100.

    I bought my platnium coverage from him in 2005. He does a great job and it is easy.

    Remember! You don't have to buy your coverage until just before your three year coverage ends, so you have about 35 months to make up your mind.

    Enjoy your new car! :D

    Troy DietrichToyota of Greenfield
    (413) 772-0231
    (413) 772-0989 (My Direct Line)
     
    JMD likes this.
  7. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    You may be able to cancel your extended warranty with the first 48 hours due to state law unless you signed that right away in your sales contract
     
    retired4999 likes this.
  8. retired4999

    retired4999 Prius driver since 2005

    Joined:
    Aug 11, 2011
    2,652
    625
    15
    Location:
    Eau Claire, Wi.
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    Yep! Forgot about that JMD, thanks! :)
     
    JMD likes this.
  9. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    He may not know who Troy is. Please explain for my benfit also. Is he a Prius Chat employee?
     
  10. retired4999

    retired4999 Prius driver since 2005

    Joined:
    Aug 11, 2011
    2,652
    625
    15
    Location:
    Eau Claire, Wi.
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    No, I believe Troy is an employee for Toyota of Greenfield. Ma.
     
    JMD likes this.
  11. 32kcolors

    32kcolors Senior Member

    Joined:
    Jul 14, 2009
    5,683
    953
    124
    Location:
    Redondo Beach, CA
    Vehicle:
    2010 Prius
    Model:
    V
    JMD likes this.
  12. Mystical ice

    Mystical ice New Member

    Joined:
    Aug 21, 2013
    13
    2
    0
    Vehicle:
    2012 Prius
    Model:
    Plug-in Base
    Why are we talking about depreciation of a Prius PLUG IN? I don't own one and neither do you... why are you using the depreciation of a completely different model and comparing the car I got???
    I think you're confused buddy. You used the depreciation value of a different model car, and applied it to the MSRP of the car I bought (hint: not prius plug in)

    I can tell you one thing, the 'market price' for a 2013 Prius, with any number of miles, is nowhere below $18,000. I know - I spent weeks looking. You're hard pressed to find a 2011 model for less than $18k. I paid mid ~$19k including $1500 taxes (which are unavoidable). A plug in model? Maybe, but I never mentioned being in the market for an electric car.

    Platinum warranty I will consider getting when I get close to running out my 3yr/36k mile bumper to bumper, not before. Hybrid warranty, to my understanding, covers hybrid components and hybrid components only. You break your gas engine? You're on your own. So 150k mile means nothing unless the only thing you're worried about is your batteries and hybrid drivetrain. There are, I'm certain, other (expensive) parts of the car that could break.

    EDIT: Be wary of 'market price' figures off a website, especially one like AOL. Market price is driven by... the market. Not a website. AOL could say the market price is $10,000 for all anyone cares, but that doesn't mean you're going to be able to find a 2013 Prius for less than $18k.

     
  13. Mystical ice

    Mystical ice New Member

    Joined:
    Aug 21, 2013
    13
    2
    0
    Vehicle:
    2012 Prius
    Model:
    Plug-in Base
    That is a good point, and it's very possible. Perhaps that's something I'll have to learn about Toyota, as from what I hear they are far more reliable cars than any I'm probably used to. I'm too familiar with taking domestic automobile makers to court over headlights that catch the car on fire, and leaking sunroofs that soak the interior of the car. Guess that's not the case with Toyota :) I've never owned a car, to date (and I've owned over a dozen) that I've driven for more than ~50k miles without having at the very least 3-5 trips to the dealer.
     
  14. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    Mystical your original post flamed every one since you bragged about your buying prowess. The plug in is in you moniker see photo below. You sound like a Troll. Looks like you came to your senses on the extended warranty or maybe not. Depreciation is tied to market value. So What exact Prius model did you get and what options so I can deconstruct your deal.


    An old saying " if the deal is to good to be true it will be a problem" You may find that out quicker than you think. Last time I heard an outrageous price the car was stolen and could not get registered, someone sold it without clear title, car is a lemon law return sold as is, someone died in the car and was left for a week with a odor that can't be undone, and other similar examples.


    image.jpg [/quote]
     
  15. mad-dog-one

    mad-dog-one Prius Enthusiast

    Joined:
    Dec 31, 2009
    1,181
    420
    0
    Location:
    Whereabouts Unknown
    Vehicle:
    2017 Prius Prime
    Model:
    ----USA----
    Go ahead, make my day.
     
    JMD likes this.
  16. Mystical ice

    Mystical ice New Member

    Joined:
    Aug 21, 2013
    13
    2
    0
    Vehicle:
    2012 Prius
    Model:
    Plug-in Base
    I'm sorry that bragging and being proud about getting an excellent deal on a car is trolling these days. Sounds like this is one of the stereotypical car forums that others joke about. I bought a 2013 Prius II, with almost exactly 8,000 miles, (no other options that I can tell), and paid $18,000 even for it. Regardless what AOL autos says, that is an excellent deal. Is it an exceptional deal? No. Is it 'too good to be true'? No. But it is at least $1500 cheaper than any other 2013 Prius I've seen. I had trouble finding 2012s with 25,000 miles for as cheap as I got this car. Of course I'm proud I found a good deal on it. I've bought many cars in my life, but this is about as good an example of a car in 'mint' condition as I've ever seen. Original owner, with the title clean and clear. Pulled up autocheck, carfax, and called original selling dealership - everything matches with the name of the buyer. Wrote a check and left with the title. I think I got legitimately lucky on this one, finding a guy that needed to sell his car quick, and I happened to stumble upon it. If you think that's not an excellent deal, then please, make MY day - go ahead and find a 2013 Prius with under 10k miles, excellent condition, for less than $18,000 anywhere in Texas. Hell, anywhere in the country. Needs to be a clean title, etc. of course.

    On the Prius Plug In misunderstanding - I see how you thought I had the plug in. That's my bad - I'm not sure how that got in my profile, as I don't remember picking it when I signed up (I hadn't purchased a car when I joined the forum).

    Extended warranty - jury is out on it still. I've only ever purchased extended warranties in the past for cars that I intended to drive well past the warranty period (150k miles+ usually). When this warranty gets close to expiring, I'll evaluate it at that point. I wouldn't say someone "came to their senses" by deciding not to purchase an extended warranty. Things do happen to cars, and sometimes they cost thousands of dollars to fix. Like saying you don't want to buy health insurance because nothing ever happens to you. Or car insurance. or life insurance. Same principle.

    As for the comment about my 'original post flaming everyone for bragging about my buying prowess', that's something I'm still laughing about. Reading through my posts, in particular the first one, I've been nothing but appreciative for the help and community response. Many times I get involved in the forums of cars I own because often the owners know the cars better inside and out than the manufacturer does. If anything, it sounds like you're bitter because you paid $28,000 for a car that I bought 5 months later for $18,000. Go ahead and read through your responses in this thread. Every one of them is negative. Every. single. one. Believe it or not sometimes good deals come along. Believe it or not, I did get a good deal. Period. I spent weeks looking for used Priuses on everything from Autotrader to Craigslist. Hundreds of miles away. Went and looked at a half dozen of them in person. I'm sorry that I refuse on principle to buy a car brand new, but like I said (and like you admitted by posting that AOL screenshot), I can't justify losing 10% of a car's value in the 15 seconds it takes me to drive off the dealer's lot.
     
  17. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    2013 Used Prius model 2 = $24,200
    Less 1 year old car depreciation, miles, etc $10,371
    Value of car = $13,829

    Not to many cars sold that are 1 year old but you overpaid or got hoodwinked.

    image.jpg

    image.jpg

    image.jpg

    image.jpg
     
  18. 32kcolors

    32kcolors Senior Member

    Joined:
    Jul 14, 2009
    5,683
    953
    124
    Location:
    Redondo Beach, CA
    Vehicle:
    2010 Prius
    Model:
    V
    This forum would not let you join without selecting a vehicle, even if you have a "non-hybrid vehicle." If you don't pick something, "2012 Prius Plug-in" is the top of the line default.

    You can go into your profile and change it.
     
    WE0H likes this.
  19. JMD

    JMD 2012 Prius 4 Solar Roof

    Joined:
    Oct 11, 2012
    3,779
    1,282
    0
    Vehicle:
    2012 Prius
    Model:
    Four
    Perhaps I'm a little aggressive on the numbers. If I just calculate the list price less the first year depreciation, taxes and fees your car is worth $16,191. You paid $18,000. You overpaid. The Dealer pulled the wool over your eyes.


    image.jpg image.jpg
     
  20. WE0H

    WE0H Senior Member

    Joined:
    Mar 25, 2010
    3,247
    528
    0
    Location:
    Minnesota
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    JMD you got a Solar Four right? In my mind $18k for a basically new '13 Two sounds fair :) I myself don't worry about depreciation of a vehicle. I buy what I like and pay what I feel is a fair price at that time. They get paid off in two years and are fair game for trading stock for my next vehicle.

    Mike [​IMG]
     
    JMD likes this.
Thread Status:
Not open for further replies.