Featured Sell the Gen3 and buy a new Gen4?

Will you lose the spare?

45k? I’d sit tight. Who knows what 5th gen will bring, for starters.

 

if 33k is a good price for the new one, and you really want it, go for it. it all depends on your situation.

45k in 7 years, i'd stick with my gen 3, and hang on to the $14,000.+ dollars, or invest them somewhere else. but that's just me.

you've got the only gen 3 year worth having. if it were pre new pistons and rings, i'd say move on.

when used car prices drop, so will new car prices

 

Hey, hang on...

Sorry, the spare tire; will the 4th gen have a spare? I think only the base model comes with spare; the higher levels "upgrade" to air compressor with slime.

 

Yeah, it looks like only the LE FWD model as a spare tire.

 

it's been a mix reported here, depends on locale and dealer. toyota has asked dealers not to go above msrp, but they can't stop them.
some dealers create other up charges, to keep msrp, but it's all the same

 

IMO, it really depends on your style. I look at it this way….

Aside from the crazy car market, how long would you normally keep your vehicle? Are you someone who likes to change cars frequently (like 3-5 years), or do you prefer to drive your car “til the wheels fall off”? Also, is having the latest tech important to you?

In other words, if you are planning to change vehicles anyway in next year or two, then it is probably worth going for it and taking advantage of the high value on your trade or sell.

On the other hand, if you are frugal and keep your vehicles a long time, then just keeping what you have is always the “cheapest” option, especially if you do not drive a lot (which seems to be the case judging by your low miles). That $14k is still a good chunk of change.

The third consideration as someone else mentioned is there is a new Gen around the corner, in case that is important to you… but in the end, depending how you feel about the above should dictate what would the best option for you.

In my case, my ‘14 PiP is relatively high mileage (200k KM), so I am on a wait list for a new Prime as I want to take advantage of the market right now, before a costly repair comes up. . Hoping my timing is good and it will end up being a 2023, as it probably won’t be until end of year, or early next…

 

There's nothing to consider here. In today's market, it is buy a gen 4 THEN sell the gen 3. You will find the former impossible without huge markups or months maybe even years of waiting. So if you were to ask me that question. Sure buy a gen 4 probably will be a gen 5 in 2 or 3 years and then sell your gen 3. Good luck. I'm on month 4 waiting to buy my next vehicle. Two of my family members have been told their deliveries will be April of next year. They ordered in February of this year.

 

Is Carvana still in business in Michigan? There was a news story the other day that Illinois locations have been closed, though I can't verify that myself looking at Carvana's web site. I'd take the $19K offer real soon.

 

The Prius Prime tapped the exhaust AFTER the catalytic converter which gives a higher quality feed to the exhaust recirculation system. In contrast, our former 2010 Prius (Gen 3) tapped before the catalytic converter which feeds more contaminated exhaust gas.

It comes down to trading off the probability of future, higher maintenance of the Gen 3 versus less probability of problems with the Gen 4.

GOOD LUCK!

Bob Wilson

 

Assuming you have maintained the car well and put new tires on it sometime during that period, then you can reasonably expect well more than 100k reliable miles from your current car.

So would any car payments or cash you would put into the newer car get a better return long term invested elsewhere?

It is a nice feeling in this uncertain economy to not have a mortgage or car payments. How important is all or part of that feeling to you?

Examining the features of the potential new car that might not be on your current car, how important are those features to you?

Good luck, my answer might be different from yours. (Family currently owns 4 Toyota hybrids.a previous one got to 200k.)

 

I get the appeal to trade in for new while the used value is high. If the new isn't also marked up. It is why I'm in an Outback now. Now if I had waited a month, I'd still have the Camry with a reservation on a Bolt. My Camry had 80k miles, and your Prius will still likely have lower than average mileage keeping its value higher when values do come down. Not only will the next gen Prius be coming out soon, but there will also be more hybrid and plug in options too.

It is more to do with temperature delta and phase state. The deposits are mostly made from what makes particulates. They leave the engine in solution with the gases. They become become particles as everything gradually cools down the journey of the exhaust system. Without a filter, they go out into the environment.

EGR systems normally take exhaust from after the engine. The hot gases and vaporized solids rarely are an issue. The gen3 added a cooler which leads to those vapors rapidly cooling and condensing. No different than a distillation column. Taking exhaust from further down stream means the vapors are already tiny specks of solids which aren't likely to clump up.

The resources are here for the OP to keep their gen3 in good running condition. With their location and amount of miles, I'd say rust is the biggest concern. That took 16 years to do in our Sable.

 

That's brilliant, no matter what service or mileage!

Note to mods. This thread should be moved

 

45,000 miles, can only assume it is well taken care of

 

Bought my daughter a 2007 Prius with 120k miles. Now has 225k miles which I consider it's now broke in. Changed oil every 5 k with Mobile 1 Synthetic . DYI 10 MINUTE JOB. If one wheel bearing wore on front changed.
both.
Always stayed ahead of the small things prevented larger problems. Daughter wanted another car to go to grad school. Her boyfriend boyfriend convinced her it was in her best interest cause the Prius with over 200k miles won't be reliable. . She financed a 2015 Hyundai Optima with 120k miles. $210 month for 60 months. He said he would buy her Prius. No matter what he offers I will give her $500 more for the Prius.
If you have 50k miles or so and followed recommended service keep your Prius and enjoy the money it makes you. Put the 14k in Bitcoin not a new Prius.
Much less expensive to buy an EV battery than buy a new Prius.
I just installed a new EV battery in daughter's Prius with 200k plus miles. Why? Again replacing entire car if you need an EV battery is insane. I will be driving a nice Prius long after daughter's Optima gives up the ghost.

 

The typical third gen would be scrap value by those miles.