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Old 04-13-2009, 10:10 AM   #1
MUSKOKA800
 
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When I was shopping the local Toyota salesman suggested that due to the price difference (~CA$10,000 + 13% taxes + loan interest here in Canada) the Prius would be no cheaper than the Yaris over the life of the car. Granted it is a "nicer" car, but I try to keep my vehicles for 10+ years and the prospect of replacing those expensive batteries during that period was not appealling. I wonder how the Prius' trade-in values will be after 6+ years when the original batteries are reaching there end-of-life. Cha-Ching $$$
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Old 04-13-2009, 01:11 PM   #2
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Quote:
Originally Posted by MUSKOKA800 View Post
When I was shopping the local Toyota salesman suggested that due to the price difference (~CA$10,000 + 13% taxes + loan interest here in Canada) the Prius would be no cheaper than the Yaris over the life of the car. Granted it is a "nicer" car, but I try to keep my vehicles for 10+ years and the prospect of replacing those expensive batteries during that period was not appealling. I wonder how the Prius' trade-in values will be after 6+ years when the original batteries are reaching there end-of-life. Cha-Ching $$$
As of date, Toyota has not replaced any batteries in their Prius (in North America). 11 years and even Toyota doesn't know what the "replacement" cost will be....that says a lot for the Prius. (the 6 year myth is just that...a myth).

Prius resale values will be determine by the price of gas. Right now is the best time to buy them, either as new or preowned.
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Old 04-14-2009, 07:54 AM   #3
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Quote:
Originally Posted by NaturalTopaz View Post
As of date, Toyota has not replaced any batteries in their Prius (in North America). 11 years and even Toyota doesn't know what the "replacement" cost will be....that says a lot for the Prius. (the 6 year myth is just that...a myth).

Prius resale values will be determine by the price of gas. Right now is the best time to buy them, either as new or preowned.
11 years!!! Has it been on the road that long?
Toyota not know it's replacement cost? That process is no different than any other part. It would be pretty irresponsible of Toyota not to have a battery (or set) waiting in some NA warehouse ready for dealer delivery and installation.
Regarding battery life, I seem to recall 7 years being the life expectancy. Not sure where that number came from though. Hard to believe they haven't replaced one yet. Either due to collision damage, defect or wear-out.
True, Prius values are driven by gas prices. Toyota was sold out not long ago, now the shortsighted US market is looking elsewhere and resale values have plumetted. Not just Prius, but econo cars in general.
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