Is Buying A Prius Worth It
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Is Buying A Prius Worth It
I believe, hybrid cars are all worth it! They may be more expensive than the conventional cars but come to think of it, green car owners get to save more. With the gas price continuing to rise, what we need are vehicles that can run even without gas. They are even safer to drive.
It is almost always better to keep the car you have versus buying a new one. Once you get to the point where your car is breaking down and costing a lot to repair on a regular basis, then you should consider replacing it. But with your Accord, you should be able to go to 200,000 assuming you are keeping up with recommended maintenance.
Perhaps the best reason to own a hybrid vehicle is because they're environmentally friendly. Your Toyota Prius will emit significantly lower amounts of carbon dioxide into the air. You will be buying a lot less gasoline too. This could ultimately help to ween us off of the need for fossil fuels. If you are concerned about environmental issues, choosing a Prius is a great option.
When comparing vehicles that are direct competition to a car, one usually compares vehicles in the same size, price-range and class. When it comes to buying an electric car or hybrid, your best alternatives may not always fall into neat classifications like "sedan," or "crossover SUV." The main selling point here is the efficient, electric motor. The Prius faces its main competition from Honda's Insight, the Nissan Leaf and the Kia Niro.
The best case scenario when buying a used car is to identify the sweet spot where depreciation flat lines (or close to it), but where the car still has lots of life left. One one hand, this is a crap shoot. On the other hand, this is not a crap shoot because you have the internet and the internet has open source data sets!
We too live in Vermont, and the one serious issue we find with our aging cars here is body rust from winter road salt. We get our cars oil undercoated every year and nonetheless have had to retire them all before their mechanical failure when they failed inspection due to compromised body integrity (rusted out). I would be cautious about buying an older car in snow country.
I am a current owner of a 2007 Odyssey! Although you have recently put a fair amount of money into your van, you will probably be good for a while before needing more repairs. I would calculate what your yearly car payments will cost, and decide if it is the same or more than your perceived maintenance cost for the next year. You rarely use it, so, to me, the added cost of the new purchase just to have something younger may not be a worthwhile expense. Not to mention, you know what has been fixed on the van. The newer used car may need unexpected repairs over the next few years. On a side note, friends of our went on a driving vacation for their honeymoon. Since both cars were older, they opted to rent a car to reduce the chance of breaking down far from home!
I wonder if any readers have any knowledge of cars with a salvage title. Most people will tell you to stay away from these cars, but I know of some people who only own cars with a salvage title because you can purchase them at prices well below market value. I wonder if there are certain things to look for that might make them worth the risk.
I understand frugality and purchasing used, however. We have mostly bought new and traded the cars in while still low mileage at trade in. Because of this we have always been able to get good trade value and drive a newer car without the fear of breakdowns. We are much older and would not be happy getting stuck somewhere with a breakdown. Yes, I know new cars can breakdown too but just not as likely. We cannot justify the aggravation of old cars with high mileage. We always pay cash, no interest on loans as we do not need to finance. I think when a person gets to the point that they can pay the cash difference, it is much easier to make a deal and drive newer safer cars that will not need mainte
