Max is paid off. Insurance is about $12/month more on prius.Get something at the end? If you actually get the thing you'll get something in your end by driving a Prius. Make sure it doesn't come from the dealer with a rainbow sticker pre-installed as every Prius around here has one or an = sticker.
Is the Maxima paid off? If so this is even a more idiotic move than I thought. Also have you checked insurance rates on the Toyota?
Skoorb...what are the numbers you're talking about? I'm assuming you're making this decision purely on a financial basis. If so:
Cost of Prius for 3 years, 10K a year:
$7164 = $199 a month x 36 months
$1909 = (30K miles/55mpg) x $3.50
$1700 = sales tax and fees
$10,773 = Total
Cost of Maxima for 3 years, 10K a year:
$5250 = (30K / 20mpg) x $3.50
$5,250 = Total
So you would have to incur over $5.5K in maintenance, repairs, and depreciation on the Maxima for this to break even. I didn't even include insurance which would likely go in the favor of the Maxima even more.
So in the end you'd most likely be spending thousands more over the next 3 years for a car that drives worse than your current car.
Am I missing something?
New car vs old car...?
Yep, you forgot depreciation of Max and also the maint/repairs, primarily. Here is what I got:Skoorb...what are the numbers you're talking about? I'm assuming you're making this decision purely on a financial basis. If so:
Cost of Prius for 3 years, 10K a year:
$7164 = $199 a month x 36 months
$1909 = (30K miles/55mpg) x $3.50
$1700 = sales tax and fees
$10,773 = Total
Cost of Maxima for 3 years, 10K a year:
$5250 = (30K / 20mpg) x $3.50
$5,250 = Total
So you would have to incur over $5.5K in maintenance, repairs, and depreciation on the Maxima for this to break even. I didn't even include insurance which would likely go in the favor of the Maxima even more.
So in the end you'd most likely be spending thousands more over the next 3 years for a car that drives worse than your current car.
Am I missing something?
Find me one for under $200/month and I will never again mention a Prius. I did in fact just check. Their fuel economy is worse but more importantly, far, far too expensive. If I cannot come close to a financial wash I will not go from a fast car I enjoy driving to a souless person-mover. The TDI is a nicer vehicle, granted, but for the cost of one I'd just not bother at this time.Actually look at the TDI like I am. Prolly a bit smaller on the inside, but looks a ton better and much better interior imo. Mileage not that different and I'm sure AT:Garage would prefer them to a preeeeeeeeus
Yep, you forgot depreciation of Max and also the maint/repairs, primarily. Here is what I got:
*BASED ON 12K/YEAR LEASE* for 3 years
Prius:
$1950 up front (this covers taxes and all the rubbish doc fees, etc. and one payment)
+ 6615 (35* 189)
+ $2212 in gas (48 city/51 highway and it takes 87 grade)
+ $360 insurance premium
= 11137 total cost ownership
Maxima:
$2000 repairs, cost of tires being more (this is a crapshoot, though, it could be more/could be less)
+1800 in depreciation selling then vs selling now (guess)
+5154 in gas
= 8954 total cost ownership
That difference of $2100 shrinks to about $1100 if I pay $25/month more to get 18k miles/year and start using it in place of our minivan.
I did these calcs on $2.95 87 grade gas, which is what we have now.
I have to emphasize there is nothing exciting about this car. If I'm under any fever it's not new car fever so much as boring old family man fever. Above all else in life I like financial predictability and this gives it to me for a very small premium and reduces all risk of major repairs or highway breakdowns. Those are not really possible to put a cost on. Costs alone the math is in favor of the Maxima I would say, overall.
They'll end up similar but I'd rather cut my hands off, eat them, then shoot myself in the head with my feet than own a Corolla. I hate them. Also, Prius doesn't quite say "my first car I got after college, co-signed with my Daddy" like a Prius does.Run the numbers for a Corolla
It is, but from a total overall cost I'm paying out one way or the other, whether it's in payments or repairs/gas, and a hundred bucks or whatever is almost totally inconsequential even if I get laid off.Having a paid off vehicle is a nice feeling. Not having to wonder. If I get laid off and am out of work long enough how am I going to keep paying for this?
$75 of that $200/month on the prius is gas savings remember!The Max has to be a better car all around as far as driving and moving people. If you want to be "fiscal" Keep the max and put the $200 a month you'd be paying on the Prius into savings or where ever. At the end of the year put that $2400 into your retirement account/Kids college fund.
In a strange turn mrs is so far putting up a block to this. I won't champion it too hard, so we'll have to see.
I'm SURE you made a joke to that effect a week or two ago and I think my response then was also: "her, when I give them to her", but maybe not 😉Now we really know who has the balls in the Skoorb family 😉
Might want to have a look at Nissan as they are doing its best to give away Altima Hybrids right now.
Under $20K after discounts. You can also get about $7K off on the more loaded up models.
They use the Camry hybrid system.
Interesting. $7k off of one loaded? What part of the country are you in?