This is the worst time to buy a Prius Prime in terms of cost to buyer

Discussion in 'Gen 5 Prius Main Forum' started by Gokhan, Apr 13, 2023.

  1. unigeezer

    unigeezer Member

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    Best option is to simply wait at least a year until there are used low mileage 2023s available.
     
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  2. Nntw

    Nntw Active Member

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    And why would there be low mileage 2023s available?

    There aren't any- okay, many- 2023's available NOW.

    Anyone who's selling one in 2024 will mostly likely be selling it for more than they paid.
     
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  3. Preebee

    Preebee Senior Member

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    If you've got a trade-in, you can get a nice deal. If you've got a Prius trade-in, you will be even better insulated from the market dislocation. I am quite pleased with the deal I got. I paid MSRP + about a grand in bogus "options" + paint penalty, yet I got a trade-in value on my 2019 that matches my original purchase price...... My trade-in should have been worth about 7k less in normal market conditions. I was happy to pay MSRP and full retail on door edge and sill guards.

    If you have no trade-in well... then what are you driving lol? If this is a first car or a totaled replacement, you have my prayers. :whistle: Just go buy something nobody wants... like a Nissan. :LOL:
     
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  4. qdllc

    qdllc Senior Member

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    Local dealer had ONE. It was already bought, but I was allowed to sit in it and look it over. The salesman said that with the current wait list, one would be wise to wait a year or two before buying the newest Prius when production was back to meeting demand.
     
  5. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

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  6. MYPRIUS200K

    MYPRIUS200K Junior Member

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    It's no better now. Nothing in stock. Absurd prices.
     
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  7. bisco

    bisco cookie crumbler

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    things are not improving. inflation is bad, shortages not getting better, worldwide issues are causing a lot of issues on top of covid.
     
  8. TGTGUUD

    TGTGUUD Member

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    Dealers are bluffing. I got my LE of a specific color only 4 months after reservation at a local dealer in NorCal. Initially they said I had to wait 12-18 months.
     
  9. 23PriLE

    23PriLE Member

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    So it's been just over a year since this was posted.

    Got any more predictions for us? ;)
     
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  10. REBobBecker

    REBobBecker New Member

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    Congratulations! I wish that were the case in Minnesota. I've been waiting 9 months and I'm not any closer than I was last July to seeing the Prime I ordered. And now with the door recall, I'm anticipating another 3-4 months.
     
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  11. Gokhan

    Gokhan Senior Member

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    How would I predict that there would be a major recall that would stop the sales and shut down the production perhaps until the end of 2024?

    This recall was the final nail in the coffin for Gen 5 Prius. It makes little sense to buy a Prius now with the 2025 Camry HEV being available, which is a better and more substantial car while still being sold at the same price and getting the same mpg as the Prius HEV. I guess you could still want a Prius Prime for PHEV capabilities, but Prius and Prius Prime ranked so much lower than the Kia and Hyundai HEVs and PHEVs by Consumer Reports.

    If I were shopping for a hybrid now, I would definitely get the new Camry. If I were shopping for a PHEV, I would probably stick with Prius Prime out of my Toyota brand loyalty, even though it ranks 9 points below Kia Niro PHEV in both the overall and road-test scores.
     
    #31 Gokhan, Apr 21, 2024
    Last edited: Apr 21, 2024
  12. Mr.Vanvandenburg

    Mr.Vanvandenburg Senior Member

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    When did the jewel lose its luster for you? Always looking to buy another car, now a Camry. Nothing wrong with that, free country. I know, I get the car bug. Sometimes I think why didn’t I just buy the 4 cyl Tacoma, now I would be all done, no battery pack, just gas and go and tend to life. It’s always after a new car or new to me, this is it, all done, now I can tend to life.
     
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  13. Gokhan

    Gokhan Senior Member

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    No, I said, if I were. I am not selling the Turquoise Jewel—no way!
     
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  14. bisco

    bisco cookie crumbler

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    you might want a hatch
     
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  15. Gokhan

    Gokhan Senior Member

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    Yes, having driven a Prius with a hatch makes it difficult to go back to a sedan.

    I wonder why they don't make all cars with a hatch.
     
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  16. bisco

    bisco cookie crumbler

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    Mrs b likes a sedan for trunk security and it’s a little bit quieter.
    It’s nice to have one of each
     
  17. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

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    ^that right thar.^

    We love having a proper sedan + a proper hatchback in the family garage.

    Something in between the two was fine when we only needed/had space for one car.
     
  18. fuzzy1

    fuzzy1 Senior Member

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    Because 'somebody told' (*) the car companies that Americans don't want hatchbacks. Or station wagons. Or now, even sedans. They want just pickup trucks or SUVs or CUVs. So the American brands mostly dumped the former and shifted nearly all production to the later.

    (*) ... or this was the cover story when they decided that those body styles weren't as profitable.
     
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  19. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

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    Again, this is down to the dealers now almost entirely owned by "auto group" corporations that are too big for their britches. State-level antitrust actions just don't exist, and this is where they're desperately needed.

    They're the ones calling the shots for inventory: they order what they want to sell. They kind of don't care what that actually is, as long as everyone coming in the door == a >$60k loan origination. And to keep that number going up, they need to deliver bigger and bigger cartrucks.
     
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  20. fuzzy1

    fuzzy1 Senior Member

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    ^ I.e. forced up-selling, by simply not stocking the more cost-effective but less profitable models.

    The same reason no local retailers carry replacement wiper blade inserts anymore. They get more profit from selling whole blades.