$35,000 Limited new or $22k for 2018 w/ 15k miles?

Discussion in 'Prime Main Forum (2017-2022)' started by satsuke, May 14, 2021.

Page 1 of 2
  1. satsuke

    satsuke Junior Member

    Joined:
    Apr 26, 2006
    68
    8
    0
    I've finally driven one and decided to buy .. what's the hive mind on these prices?

    In my local area, everyone is charging full MSRP on the prime limited .. ~$35,000 excl tax and dealer fees.

    I've also found a 2018 locally for $22,000

    Comparing numbers, that's 35k - $4500 federal = $31000 vs $22k for 3 years old.

    I don't see a huge difference in options between these years. I had initailly wanted the XLE, but haven't been able to find any locally.

    FWIW, I see cars similar to my 2012 Prius 3 going for ~$8-$12k.
     
    #1 satsuke, May 14, 2021
  2. HanS0lo

    HanS0lo Junior Member

    Joined:
    Apr 20, 2021
    15
    3
    0
    Location:
    WA
    Vehicle:
    2021 Prius Prime
    Model:
    LE
    What trim is the 2018?
     
    #2 HanS0lo, May 14, 2021
  3. satsuke

    satsuke Junior Member

    Joined:
    Apr 26, 2006
    68
    8
    0
    Limited
     
    #3 satsuke, May 14, 2021
  4. ETC(SS)

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

    Joined:
    Oct 28, 2010
    7,971
    6,787
    0
    Location:
    Redneck Riviera (Gulf South)
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    No brainer.

    22K and $13,000 in the bank > $35,000 'worth' of new car that will be worth only 22K before the new car smell goes away.

    Easiest question I'll answer this week!
     
    #4 ETC(SS), May 14, 2021
    Leadfoot J. McCoalroller likes this.
  5. HanS0lo

    HanS0lo Junior Member

    Joined:
    Apr 20, 2021
    15
    3
    0
    Location:
    WA
    Vehicle:
    2021 Prius Prime
    Model:
    LE
    Leaning towards the 22k in your case, plus I don't like the new car smell...
    But if you are willing to travel, I do see people posting 28-29k on the 2021 limited model.
     
    #5 HanS0lo, May 14, 2021
  6. Tideland Prius

    Tideland Prius Moderator of the North
    Staff Member

    Joined:
    Oct 2, 2004
    45,128
    16,358
    41
    Location:
    Canada
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    Yeah the new items on 2021 models include TSS-P 2.0, rear side airbags, CarPlay, sliding/extendable visors, relocated heated front seat switches, USB charging ports (replaces rear 12V port) and a few other minor updates.

    TSS-P 2.0 includes Road Sign Assist, Low-light pedestrian detection for PCS, daytime bicyclist detection for PCS, lower settable speed for DRCC, Lane Trace Assist.

    That said, $9k is a lot of money and that can grow with interest over the life of the car. (And you can use that money for a downpayment on your next car, whenever that is)
     
    #6 Tideland Prius, May 14, 2021
    Sarge likes this.
  7. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    111,166
    50,601
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    does the 18 have 5 seats?
     
    #7 bisco, May 14, 2021
  8. pghyndman

    pghyndman Active Member

    Joined:
    Dec 27, 2018
    498
    466
    0
    Location:
    CT shoreline
    Vehicle:
    2021 Prius Prime
    Model:
    Limited
    What is your location and are you willing to take delivery from another state if it can shave thousands from the price?
     
    #8 pghyndman, May 14, 2021
    Salamander_King likes this.
  9. Db17

    Db17 Member

    Joined:
    Jan 9, 2017
    188
    92
    0
    Location:
    Visalia, CA
    Vehicle:
    2021 Prius Prime
    Model:
    Limited
    No Toyota cash where you are? $4500 off in CA plus $4500 federal gets you pretty close
     
    #9 Db17, May 15, 2021
    pghyndman and dbat23 like this.
  10. PiPLosAngeles

    PiPLosAngeles Senior Member

    Joined:
    Nov 18, 2012
    1,550
    722
    0
    Vehicle:
    2021 Prius Prime
    Model:
    LE
    Not to mention there is an additional $900 off the purchase price in California at participating dealers.
     
    #10 PiPLosAngeles, May 15, 2021
  11. Mendel Leisk

    Mendel Leisk Senior Member

    Joined:
    Oct 17, 2010
    57,960
    39,991
    80
    Location:
    Greater Vancouver, British Columbia, Canada
    Vehicle:
    2010 Prius
    Model:
    Touring
    Are you in the States??
     
    #11 Mendel Leisk, May 15, 2021
  12. Db17

    Db17 Member

    Joined:
    Jan 9, 2017
    188
    92
    0
    Location:
    Visalia, CA
    Vehicle:
    2021 Prius Prime
    Model:
    Limited
    I got my new 2021 Limited for $23k (considering $13k in incentives) plus taxes (which you will also have to pay for used). So the delta is only $1000 for new over used? Why would anyone buy used? Easiest question I answered all week.
     
    #12 Db17, May 15, 2021
    pghyndman likes this.
  13. satsuke

    satsuke Junior Member

    Joined:
    Apr 26, 2006
    68
    8
    0
    I ended up with the prime limited (new) for $31k
     
    #13 satsuke, May 15, 2021
  14. ETC(SS)

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

    Joined:
    Oct 28, 2010
    7,971
    6,787
    0
    Location:
    Redneck Riviera (Gulf South)
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    Increased sales tax.
    Increased insurance.
    The possibility that 2021's aren't REALLY available for $24,000 OTD after incentives for people that live in flyover country.
    The ability to invest the delta in the market and make a return.
    Being able to write a check for a $22,000 car instead of a continuous cycle of making "easy payments"

    Lots of reasons, really.... ;)


    Good Luck with the car!
    All the best!!
     
    #14 ETC(SS), May 15, 2021
    jerrymildred likes this.
  15. Mendel Leisk

    Mendel Leisk Senior Member

    Joined:
    Oct 17, 2010
    57,960
    39,991
    80
    Location:
    Greater Vancouver, British Columbia, Canada
    Vehicle:
    2010 Prius
    Model:
    Touring
    +1.

    Living within your means, well for everything but the house, helps me sleep easy.

    in OP’s shoes, with a 2012 in hand, I wouldn’t do anything.
     
    #15 Mendel Leisk, May 15, 2021
  16. satsuke

    satsuke Junior Member

    Joined:
    Apr 26, 2006
    68
    8
    0
    It was having engine oil burn issues and an engine fault where I'd replaced a few sensors but the issue would recur elsewhere (in an "transmission lurching, big red triangle ICE engine fault" way.

    Aka I didn't want to deal with it

    It had 231,000 miles
     
    #16 satsuke, May 15, 2021
    jerrymildred and Mendel Leisk like this.
  17. Mendel Leisk

    Mendel Leisk Senior Member

    Joined:
    Oct 17, 2010
    57,960
    39,991
    80
    Location:
    Greater Vancouver, British Columbia, Canada
    Vehicle:
    2010 Prius
    Model:
    Touring
    Ok, never mind, it’s time. :oops:
     
    #17 Mendel Leisk, May 15, 2021
  18. Sarge

    Sarge Senior Member

    Joined:
    Nov 28, 2005
    1,321
    775
    1
    Location:
    Milton, Ontario, Canada
    Vehicle:
    2023 Prius Prime
    Model:
    XSE Premium
    I was going to respond the same. The key factor is how important the above feature adds are to you. If not important, then the “previously enjoyed” vehicle is always the wiser choice, since new vehicles depreciate quite a bit in first few years, unless you are in one of those areas that can get a new vehicle for less than used. (Shrug…. Since this emoji didn’t work, lol)
     
    #18 Sarge, May 15, 2021
  19. satsuke

    satsuke Junior Member

    Joined:
    Apr 26, 2006
    68
    8
    0
    Fwiw, in my area (kansas) there was no toyota cash or interest rate incentives, just the $4500 federal tax credit.

    I end up putting $15k down and $4500 in trade, so financing around $14k including sales tax.

    I really didn't need the limited with its hud and parking assist, but around me the dealers seem to have very low inventory in the first place .. all limited
     
    #19 satsuke, May 15, 2021
  20. Tideland Prius

    Tideland Prius Moderator of the North
    Staff Member

    Joined:
    Oct 2, 2004
    45,128
    16,358
    41
    Location:
    Canada
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    Probably because the Limiteds have the largest profit margin. So if they were gonna sell Primes, they might as well try and sell the ones with the most margin.
     
    #20 Tideland Prius, May 15, 2021
(You must log in or sign up to post here.)
Page 1 of 2