Should I or Shouldn’t I?

Discussion in 'Prime Main Forum (2017-Current)' started by Acadianer, Apr 8, 2021.

  1. Acadianer

    Acadianer Member

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    Hey Sarge, yeppers, I’m from NB. If I were in BC or Québec, I’d totally consider brand new because of the $6500 rebates, but the little $2500 rebate doesn’t cut it for me.

    No, the added warranty wouldn’t be Toyota. It’s through Assurant. It’s 10yrs from date of service (August 2019 in the case) or 160k, which means about 100k left over.

    someone offered me 5k for my 2010, but were hoping to get around $6500 minimum. Not sure what we’ll do yet. Have to talk to the wife when she gets home. The used Prime would come in at 36k or 39k OTR. When I build it on the site with the same
    Options, it got to 49k, minus 2500, so 46500... that added warranty is really the kicker that I don’t know if I want.
     
  2. Tideland Prius

    Tideland Prius Moderator of the North
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    Wait the used Prime with 54,000km is listed for $36,000 plus tax?!? That doesn't sound right.

    (Also, please check the door sticker. A 2020 can be from May 2019 onwards so your car could be as old as 2 years).


    upload_2021-4-28_20-45-16.png

    A new 2021 Prime Upgrade w/ Tech Pack in NB with the iZEV rebate ($2,500) is $44,199 on toyota.ca
     
  3. Acadianer

    Acadianer Member

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    No no, 36 on the road after taxes, fees. Or 39 with the added warranty
     
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  4. Tideland Prius

    Tideland Prius Moderator of the North
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    Oh ok. So it’s a $8k (not $11k) OTR difference between that and a new one. Or $5k if you take the warranty.
     
  5. Acadianer

    Acadianer Member

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    When I Priced a new Prime upgrade, with tech package as this one is equipped, it came out to $47500 after the federal rebate.
     
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  6. Sarge

    Sarge Senior Member

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    That still sounds pretty expensive... are there other accessories you are adding in there aside from the warranty, or are you maybe including the interest in the financing (as opposed to the cash price)?

    I am in the same boat in Ontario, where the only rebate we have is the lousy $2500 federal rebate (unlike in 2016 when we saved over $12K from Ontario when we bought our Leaf, just before it was raised to $14K....). I keep an eye on AutoTrader on a regular basis, and while I realize you can generally negotiate on advertised prices, most of the 20/21 used Prii I see posted are usually priced about 95% of the new price (??), but for a car which has anywhere from 10-50K mileage on it. Why would I buy a used car and sacrifice a significant portion of the warranty to save $1-$3k? Compounding this is the fact used cars generally have much worse financing rates, which will likely eat most of those meagre savings anyway. Doesn't make much sense. I'm all for buying used to reduce the loss on a depreciating asset, however there has to be adequate savings to take on this "risk" of a used vehicle that could have unknown issues...

    BTW, I wouldn't bother paying for an extended warranty on a Prius, they are pretty much bulletproof...:cool: dealers only push hard on warranties because they know they are pure profit for them 95% of the time. Better to put that $3K in a savings account instead, then buy yourself something nice after 7 years when it is still sitting in your account. ;)(y)

    Cheers.
     
  7. Acadianer

    Acadianer Member

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    Here’s how it was built to try matching the used one we’re looking at. Only fee missing is the dealership fee which I was told by friends was $1400, but can’t confirm. I also didn’t add the extended warranty on the build, because NEW, I’d be happy with the provided warranty.

    The used one would be $35400 OTR or $38800 OTR with the added Assurant extended warranty.

    AD392863-386C-48AA-B832-7C83874FD2BB.jpeg
     
    #27 Acadianer, Apr 30, 2021
    Last edited: Apr 30, 2021
  8. Acadianer

    Acadianer Member

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    Well, I’ve come to terms with what I would do.
    I think I would pass on the extended warranty, I would take the $3000 they wanted for it and place it in a savings account and leave it there for future possible costly repairs. I’m going to offer them a take it or leave offer of $34g cdn OTR. If they say no, I’ll go buy an old Prius V somewhere hahahaha
    At 34g, I’m basically 10g less than brand new for a car that is 21mths old
     
  9. BurkPhoto@aol.com

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    It sounds like you want it to be time to upgrade. That's only around 125,000 miles. If you have had regular maintenance done on schedule, and have fixed any electromechanical issues along the way, it likely will last much longer. However, rust is a huge concern in northern areas. Once it starts, it never stops.

    The 54,000 km on the Prime equates to about 34,500 miles, which is barely broken in, for a Prius! As it is a 2020, chances are great that most of those are highway miles. So I'd expect it to be in good shape. Check the service history, and inspect it for rust. If those are clean, and it drives nicely, it's a winner.

    I've never been concerned about Prius mileage driven. I'm concerned about maintenance. We have six Prii in our family. The 2009 my son had before a drunk totaled it had 186,000 miles on it. It drove like the day I bought it new. He replaced it with a 2010 that had 165K miles on it, but it was totaled by a teenager talking to her Mom. His 2013 Lexus 300h has 60K miles or so on it. His twin's 2009 Prius is still going, with 178,000 miles. It also drives as it did when we bought it used with 49K miles on it. My wife's 2015 V (wagon) has 85K miles on it. My 2010 Prius has 83K miles. They are THE most trouble-free cars we have ever owned. If we could just keep people from running into us...
     
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  10. Acadianer

    Acadianer Member

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    You’re right! I am ready for an upgrade:) :)

    We have a couple of options now, I found a dealer in another province with the same but less mileage and shipped to my house, would the price I’m ready to pay for this one... so that gives me an option and ammunition to deal the pricey of this one :)
    I think my wife is partial to blue tho haha
     

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  11. Acadianer

    Acadianer Member

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    Failed! LocalDealer didn’t want to lower their price by $1300cdn and they didn’t even counter offer. I’ll be chatting with another dealer tomorrow. We sold our 2010 on Friday, so guess I’m cycling 60kms per day everyday this week to and from work bahahaha
     
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  12. Tideland Prius

    Tideland Prius Moderator of the North
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    Yikes. That a long ride. Well hopefully the out of province dealer is willing to deal.
     
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  13. Sarge

    Sarge Senior Member

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    Sorry to hear that… It seems difficult to negotiate on Prius in Canada… we don’t get the same incentives as south of the border. :(

    Good luck with your shopping, and hope the 60km bike rides don’t wear you out. o_O That is long….:confused:
     
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  14. Acadianer

    Acadianer Member

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    Yeah, we’re weighing the options.

    I usually do the commute 2 times per week, but doing it everyday is gonna be a challenge, especially with the morning headwinds
     
  15. Acadianer

    Acadianer Member

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    I alway hope for a tailwind in the afternoon ride back, since I always have a headwind in the morning haha
     
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  16. Sarge

    Sarge Senior Member

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    20+ years ago when I still lived at home in Montreal, I used to cycle to my downtown job in the summer from the suburb south shore of Montreal, which was about a 16-17km ride and took about 40 minutes, which was about 5 mins shorter than taking the bus. The benefit of course was I saved some bus fare (since I wouldn't buy a monthly pass in the summer) and also got some solid exercise. :) Of course, I hated when the storms would roll in during the day resulting in a soggy ride home.. Good times. :ROFLMAO: Though I do miss the opportunity to get at workout in on the commute... :( I couldn't imagine rolling 3x+ times that distance twice a day though... Good luck!

    But I digress... :confused:
     
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  17. Acadianer

    Acadianer Member

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    Quick question. Is it hard for shops to tint the rear window?
     
  18. Sarge

    Sarge Senior Member

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    I don’t think it is any more difficult than any other vehicle. However, tinting windows is something I have always felt is best left to the professionals, I know if I ever tried it myself I would never be satisfied with the results.
     
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  19. Acadianer

    Acadianer Member

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    I was wondering due to the odd shape of the hatch window hehe
     
  20. Sarge

    Sarge Senior Member

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    It’s a reasonable question… perhaps someone with firsthand experience in tinting may comment, though my feeling is I don’t think it is a significant concern.
     
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