Featured Toyota can’t keep up with demand

IMHO; both Toyota & Honda build just shy of demand - that keeps customers coming back for more and allows everyone to profit. Except maybe the consumers; but when your top of the heap - why not??? This also keeps used resale values high too.

 

Most cars depreciate 10% or more the minute you drive off the new car lot. At 1% a year you could drive for decades and still have value. I'm sure you meant some other number.

My 2019 Toyota Rav4 hybrid cost $37.5k new. Could sell for $27k now. 6 years depreciation averages maybe 6% a year and that is good. Most cars depreciate more. Mine just happens to have the right color and accessories and in good condition with no accidents. And relatively low miles at 44k.

So the 1% makes little sense...I'd bet you meant more.

 

Well, yes. I did say I was exaggerating.

The point was, as a used car buyer Toyotas aren't a good deal anymore.

• If I were in the market for a $30,000 or more car, I'd buy a new Toyota.
• I ain't buying your 6-year-old RAV4 for $27k. Maybe someone else would, but not me.
• The average Toyota lasts between 15 to 20 years. So you could average that to 17.5 years. At that rate, if you drive a $37.5k RAV4 for 17.5 years then that's $2,146 per year of depreciation, assuming it's worth basically nothing at the end.
• But at that rate, it should be worth at most $24.6k after 6 years, and that's going by depreciation alone.
  • That next owner gets zero new-car warranties.
  • That next owner may have to shell out the money for a new HV battery before those 17.5 years.
  • Also possible a catalytic converter.
  • Depending on various factors, it's not that far fetched to say he might even have to put in a new engine block.
• At that rate, you might as well as spend that $2,146 per year on a new car. Or, if you can get $27k for a 6-year-old car, that's only $1,750. How is that fair for the used car buyer? I don't get why anyone would pay $27,000 for a 2019 RAV4.
• Contrast that with my 2013 Toyota Avalon. It was around $40k brand new. I bought it 5-years-old for a little over $15,000 with lower than average miles, good CarFax, good mechanic inspection report, and hardly any problems until now, except the radio. That's the kind of deal I'm looking for as a used car buyer. I don't think those exist anymore, not for a Toyota at least.

 

I had a 2017 Prius Prime and it offended my engineering design rules. So I traded it in for the 2019 Tesla Model 3 sitting on my driveway.

Bob Wilson

 

Huh:

• ~$500 - replaced underbody air shields due to road debris ~90,000 miles
• ~$1,200 - replaced front suspension control arms ~120,000 miles
• ~$1,400 - replaced failed coolant valve assembly ~140,000 miles
• ~$9,000 - replaced failed traction battery ~150,000 miles

Guess I'm doomed with my "NOT FOR SALE" 2019 Tesla Model 3. Looking for a 2024 Tesla Model 3 to replace my 2017 BMW i3-REx (that I just drove to pick up my supper pizza.)

Bob Wilson

 

What was so offensive? I was wanting to buy one back about 2017.

 

• TSSP - could not do lane keeping but only lane "nagging" Even undergraduate engineering students know what a proportional–integral–derivative (PID) controller does best!
• 12 V Power-On Reset - when out of gas and electric charge, it "bricked." The only way to run again was to power-on reset the 12 V system. The earlier Prius would accept a spare gallon and give you three attempts to start before "brick."
• lack of cold weather EV only - below 55 F, it was all but impossible to drive just EV to or from work. At the slightest hint, it would start the ICE.
• 56 MPG vs earlier 52-54 MPG - not enough improvement after a decade and a half of Prius operations.
• 20 mile EV - seriously, barely twice the EV range of the first Prius Plug-in (ask @bisco)

If Toyota wanted to make a pure EV, they could have replaced all of the ICE with batteries and made a respectable, city EV using just their stock transaxle and modified control laws. Every element needed was in the 2017 Prius Prime except engineering imagination.

• At home only 16 A charging - my 2014 BMW i3, 30 A, and 2019 Model 3, 32 A, at home.
• Fast DC charging - 2014 BMW i3, 50 kW; 2019 Model 3, 120 kW later up to 178 kW, and; 2017 Prius Prime, 0 kW.
• "defogger" was not the only trigger - sometimes it randomly turned on the ICE just to piss me off.

Bob Wilson

 

Don't forget - you are arguing with someone who even continually insists that his blue car color is the best .... much less his preference in manufacturer. Nothing else will do.
I guess that's the only upside, as you both have blue cars.
Speaking of his indisputable view of Toyota's perfection;

Major US recall for EVs on Toyota’s eTNGA platform - electrive.com

Speaking of Toyota's etgna platform - it's no small coincidence that soon after Toyota dumped their head honcho, they've reevaluated the need to have a true skateboard type EV architecture vs the somewhat borked up platform that necessarily accommodates shoehorning engines in - as well.
Better late than never

.

 

Esthetics and the name:


Bob Wilson

 

Blue catfish: Blue catfish - Wikipedia


Good eating!

Bob Wilson

 

You joke, but they're gonna do something like that soon I'm sure.

 

They already have 8 year loans that lowers monthly cost of car payments. IMHO; That's just another bear trap that most young and dumb people sign-up for, sometimes the old and dumb will fall into that too. I believe the average monthly household credit card debt in the US is around $6K+. It's no wonder why kids are asking for so much money to "do a job" where they don't know what they're doing (fake it until you make it).
IMHO; That's the same reason they'll eventually have to file for bankruptcy and why there is no longer shame and locked out of credit cards for a period of 5+ years. Bank-sters needs to get them back onto the treadmill as so as possible, so they can earn them more money. I believe bank card rates are around 20%+ for someone with 800+ credit score and 30%+ for someone with a score below 700. It helps that people voluntary place that yoke around their own neck. I believe it's know as indentured servitude (old-time nice description); kinda like share-cropping or slavery for the negative connotations.

 

We've always bought cars for cash. Might be getting out of the car game just in time though:

How 'forced financing' makes some car dealerships more money | CBC Radio

 

Or a "reasonable" short month payment plan - If a car is truly needed. Certainly NOT a debt that's going to outlive the appliance. A used car for cash is usually the best option.

 

unless it's a toyota

 

If I remember right I believe Canada restricts dealers from arbitrarily adding a $5k or more "market adjustment" for popular cars. So forcing you into a less desirable loan with the floorplan bank may be their alternative.

In the US, Toyota financing (assuming good credit) is usually the way to go. Often the interest rate for a three or four year loan is less than what a good cd will yield and you can always pay off the loan at any time with no penalty. Generally end of the month helps to get a lower price.

 

Interest on new car loans also tend to be lower.