should i trade in my '07 for a '13 ?

Discussion in 'Gen 2 Prius Main Forum' started by nantucket, May 16, 2013.

  1. nantucket

    nantucket Junior Member

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    My '07 Prius has 75K miles. Thinking of trading it for a '13. Reasons ? If i get a '13, it won't have all the recalls and kinks this car had, so I can drive the new one 200K miles, instead of keeping the '07. Also, I have to replace a headlight kit for over 600. It has had several recalls, the most recent one for a steering wheel shaft issue connected with a class action lawsuit. Also, when i go over bumps sometimes it can accelerate.... that was fixed in another recall, but sometimes it can happen. should i trade it in now or wait til 100-200K miles ? I've heard if you keep them past 80K miles, you won't get much on a trade.. if i trade it in now, i might get 9 or 10K ? It's in pretty good condition. Thanks.
     
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  2. desmondlee

    desmondlee Member

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    if you have the money, why not.
    I want to do the same.
     
  3. JMD

    JMD 2012 Prius 4 Solar Roof

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    I would trade it in. If you put that $10,000 as a down payment on the the Prius you will have very low car payments and years of worry free motoring.

    Right now the PIP Base is a sweet deal with tax breaks, incentives, discounts and 0% financing.

    Toyota almost want to give the car away. Always good to take advantage of Toyota when they are desperate to sell cars.
     
  4. nantucket

    nantucket Junior Member

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    Thank you. I appreciate your reply :

     
  5. nantucket

    nantucket Junior Member

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    Thank you. This is helpful. I appreciate the info. do you drive a plug in ? we can't get them in Tx.

     
  6. nantucket

    nantucket Junior Member

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    Well, maybe we can get them, but they are not as easy to find here : do i really need a plug in ?

     
  7. The Electric Me

    The Electric Me Go Speed Go!

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    I recently traded in my 3 year old vehicle for a new Prius.
    You lose money on the deal trading in a newer vehicle....you just do.

    But there is a window with any vehicle where I think the "value" of it being a trade in diminishes to the point where it almost ONLY makes sense to keep the vehicle.

    If you really want a new Prius, this might be a good time to do it. Or at least that's the lie I told myself when I traded in my Honda Fit.

    I'm going to vote "Do It" even though there is really no great logical reason to justify it.
     
  8. nantucket

    nantucket Junior Member

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    THANK YOU. I appreciate knowing your opinion on this .


     
  9. Eclipse1701d

    Eclipse1701d Prius Enthusiast

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    I was given 11,000 on my trade back in Feb., 07 Touring with 97,000, if that helps!
     
  10. JMD

    JMD 2012 Prius 4 Solar Roof

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    I think it is a personal choice if you go with PIP or Hybrid.

    Look at your cars Kelly Blue Book value and base the trade on that. If you have patience you can try and sell your car private party and make a little more for yourself.

    Your car is worth 10K now. However with it's age you can expect some repairs in the future. Purchasing a new car and with a low price and payment due to your large down payment and worry free motoring is a real positive move. Waiting a few more years will only delay the inevitable. That is my opinion.

    Official Kelley Blue Book New Car and Used Car Prices and Values
     
  11. morpheusx

    morpheusx Professor Chaos

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    Is the car currently paid for? Does it run reliably and have no real issues. Who's to say the next one wont have any recalls. The way I see it you have at least 5 - 7 more easy years on that car completely payment free. Why waste money on a new one. I don't see any benefit unless the current car you own doesn't meet your needs.
     
  12. FuelMiser

    FuelMiser Senior Member

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    Nothing says the new Gen 3 Prius will not have recalls/issues in the future or that you'll want to keep it 200,000 miles. Have you spent any time reading the Gen 3 Forum? There's no right answer. It's very hard to remove emotion from car purchases. Purely money-wise, you're better off keeping the '07, I'd say.
     
  13. nantucket

    nantucket Junior Member

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    THank you for writing. Mine is in fair condition and it has had a few problems. I traded it in last night.


     
  14. nantucket

    nantucket Junior Member

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    Mine was not fancy, and it was not touring, and not in great shape, ... i traded it in last night.
    probably should have waited a few days.. but got a good new one, bases price, package 2.

     
  15. nantucket

    nantucket Junior Member

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    I traded it in last night... will post again. Thanks for this, ...

     
  16. nantucket

    nantucket Junior Member

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    you are probably right but i did not want to pay the 600. for new headlight kit, plus it had a few problems so i traded it in last night.

     
  17. nantucket

    nantucket Junior Member

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    too late now, i traded it in last night, thanks for your reply. yes, no right answers.

     
  18. nantucket

    nantucket Junior Member

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    I see your points. i did have issues with mine and so i was in the mood to trade it. Thank you



     
  19. FriarNurgle

    FriarNurgle Member

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    The dealership will likely give you a decent amount for your trade since they can turn around and sell it as a Certified Preowned due to the lower mileage. Also don't forget Toyota is offering 0% financing. Tough to turn that down. Just get in touch with every dealer within 50-100 miles and get them in a price war. Good luck.
     
  20. nantucket

    nantucket Junior Member

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    i was very impulsive last night.... too bad, i probably could have done better but i think I did OK really.
    Thank you for your reply. I appreciate it.

     
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