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A good deal??? 2006 -- one owner -- dealer maintained -- 58,000 miles

Discussion in 'Gen 2 Prius Main Forum' started by ruxpin, Mar 2, 2016.

  1. ruxpin

    ruxpin New Member

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    Greetings Prius Community,

    I would be ever-appreciative for any insights, bits of advice, or outright suggestions regarding a 2006 Prius that I am on the verge of purchasing.

    It appears to be a very reasonable investment, given the low mileage, the clean history, the dealer records. It's a southern California car that was traded in at the Toyota dealership for a new car.

    The dealership has completed inspection and some minor repairs (for which I have a printout with details). Naturally the salesmen think it's a great value :)

    But at 58,000 miles for a 2006, I worry about certain factors: has it sat for a long time? am I going to have to replace the battery soon? are there lurking problems that are going to cost me in the near future? is this car really worth its market value of $8,500-$10,000?

    I take the test drive tomorrow. I'd like to buy it tomorrow, but I can wait to compare with other options that may come up. But the short of it is the burning question--compared with a newer model, like a 2010 with, say, 120,000 miles with a similarly clean history, is this the right move? Should I watch for a newer Prius even with higher mileage?

    Thank you thank you--any perspective will be the biggest help.
     
  2. JC91006

    JC91006 Senior Member

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    I think you'll be better off with the gen3 car at that price. More power and the battery will last you longer than one from 2006.

    If you're buying the 2006, you'll need to put aside some money for a new battery when it fails ($3000)
     
  3. Sillywizard

    Sillywizard Junior Member

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    The Milage is a non-issue, but the price is definitely too high!

    Take the test drive and determine whether or not you like the vehicle, then negotiate with the dealership that it's ten years and two generations old, you need to budget for a new HV-battery (ask him what's his price for one is, but don't worry about it, you won't need to replace it any time soon!) and offer him $6000 max (maybe start at $5800 and haggle upwards to $6000??).
    If he says "no deal", tell him he can think about it and call you tomorrow, but you won't wait forever.
    Good luck!
     
  4. bisco

    bisco cookie crumbler

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    welcome! i'm thinking an '08 or 9, with around 100k. that leaves you 2-3 years and 50,000 miles of hybrid warranty.
     
  5. wjtracy

    wjtracy Senior Member

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    Agreed that's a big price for a 2006. Back East you might be able to get a used PiP for $15k. It could still be under 10-yr warranty depending orig purchase date and orig state of purchase. Yes sometimes it seems lower miles batts still fail...more an age thing. In CA you get 10-yr 150k miles CARB warranty if the car was orig purchased in CA or other CARB state so be careful with Toyota's rules.
     
  6. Mavi

    Mavi Active Member

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    I'd pass for anything over 6.5k on those. Owners over price their prius' in california, and they just sit and sit and don't sell from what i've noticed.
     
  7. JimN

    JimN Let the games begin!

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    truecar has three 2008s and a 2009 all under 60000 miles and the sellers are asking for more than $10000. The one car I looked at has been sitting on the lot for almost 3 weeks. You should have time to shop around as Prius aren't flying off the lots. Download the sales brochures 2006-2009 so you can verify the option packages. Make sure you get two fobs & the retractable cover with the car.
     
  8. tanglefoot

    tanglefoot Whee!

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    It depends on what you like. The '07 here has about 54k miles and it hasn't sat--it gets driven at least once/week, which is enough to keep things in order. It still feels new to me and I don't foresee any issues with it. It's impossible to know, though. This car could probably go for about $10k here, I imagine, but I have no plans to part with it. It gives me no worries, even though it's out of warranty coverage.

    Even though the Gen 3 is potentially lower-maintenance (electric engine coolant pump and no serpentine belt), the styling doesn't do much for me--I'm partial to the Gen 2, myself. I also prefer lower chassis miles. There are wear items that come into play at higher miles (suspension, bearings, engine oil consumption, transaxle, brake components, etc).
     
    #8 tanglefoot, Mar 2, 2016
    Last edited: Mar 2, 2016
  9. UberXking

    UberXking Junior Member

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    The info from the group is spot on. You should be complemented on your choice of car and the fact you reached out to the fine people at Prius chat before investing. If Toyota could give the battery an unlimited warranty it would but it's limited to 10 years for a reason.
     
  10. exstudent

    exstudent Senior Member

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    Dealer is under the influence. Hybrids aren't selling well b/c of cheap gas.

    $6K max, and that includes all taxes, fees, etc.
     
  11. ozmatt

    ozmatt Active Member

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    don't bank on "battery will be fine" in a 10yo prius

    it might be 4 weeks away, it might be 4 years, no "easy" way to tell.. the clock is ticking.
     
    bisco likes this.
  12. ruxpin

    ruxpin New Member

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    Thank you everyone for your generosity. I've learned a great deal from your replies and gained some much-needed perspective. I didn't buy the 2006. Amazingly, someone else already did, presumably for somewhere near the asking price of $10,900. Priuses in Santa Barbara appear to sell very quickly, in part, I assume, because of a fairly limited selection (without driving south to Ventura, Oxnard, or LA). I spent a horrible day at other dealerships yesterday to look for a 3rd generation Prius, but their markups are outrageous. Will stick to private party sales, either for a 2nd generation at a significantly lower price or a third generation for around 10,000. Turns out there's a hybrid battery replacement specialist in North Hollywood who replaces Prius batteries (reconditioned) for as low as $795.00. Good to know the prices have come down over time.
     
  13. bisco

    bisco cookie crumbler

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    cali is a different animal with five dollar gas in some places. look around the country, it might pay for your flight and a whole lot more.
    as far as replacement batteries go, there are a lot of scam artists out there, and $800. sounds like one of them. if that's a concern, educate yourself before buying.
     
  14. exstudent

    exstudent Senior Member

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    A NEW Genuine OEM Toyota HV Battery can be bought for $2071.
    2007 Toyota Prius Parts - Toyota of San Bernardino Online Parts Store
    2007 Toyota Prius Parts - Discounted Toyota and Scion Parts and Accessories

    Many storries of remorseful suckers who went cheap, only to learn the hard way. $795 is 38% (795/2071) of the way towards a new one. Another perspective is to amoritize the cost in terms of miles. $2071/100K miles = $.0207/mile. $2071/150K miles = $.0138/mile. The more miles you get, the cheaper the cost. Many balk at the thought of spending $2K on the battery, but when you think of cost per miles, doen't seem so bad.
     
  15. Skeletor916

    Skeletor916 New Member

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    ^ This. As someone who has been hunting for one for a few months now, it's a bit puzzling. People will keep reposting the same ad over and over and over again. $7500 for a 2008 with NO history, dealer or otherwise. Salvage title 2005 for $6000 with 200k on the odometer. Leaves me at a loss.

    OP: I think it's worth the time/effort to grab one of those OBDII scanners and hook any potential purchase up to TechStream to check for error codes and battery health before buying anything especially if you're set on getting a Prius. That way when you get one, you'll already have things set up if it happens to throw you any codes down the road or if you want to tinker with any of the settings. Predictive battery failure analysis for the Prius Hybrid

    I've also mentally built in the price of one of the Hybrid Automotive charge/discharge packs to anything I plan on purchasing to keep the HV battery going as long as possible.

    None of this is to say I'm an expert by any means as I don't even own my Prius, yet :)
     
  16. waynedubjay

    waynedubjay Junior Member

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    Just go out of state
     
  17. ruxpin

    ruxpin New Member

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    Thanks, everyone. The Toyota dealers around here are ridiculous. Their prices are inflated and their sales tactics -- good lord!

    So I found a regularly maintenanced 2010/with 80,000 miles. Two years left on the HV battery warranty. Immaculate condition with no accidents. I paid 10,400 for it, and it drives, feels and smells like an almost new Prius. Besides latent worries about mechanical issues, I feel like I his was a much better choice than the originally posted option (the 2006, which the dealer had listed for 10,988).

    Thanks to all for your generous replies!! I'm happy to be part of the Prius chat community. Cheers.
     
  18. bisco

    bisco cookie crumbler

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    2010 has 4 years and 70,000 miles left on warranty in cali. congrats, sounds like you got a good one. all the best!(y)
     
  19. Sillywizard

    Sillywizard Junior Member

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    Gratz and enjoy!