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Posted by Cathy F. on March 24, 2007, 2:28 am
 




Yep.  Would be nice, but...

OTOH, my present car loan will be paid off in about a month, though! :-)

Cathy



Posted by Scott in Florida on March 24, 2007, 2:34 am
 


wrote:


..........and the beauty of that position....is you don't have to buy
a new car for a long time!

--
 
Scott in  Florida




Posted by on March 24, 2007, 3:09 am
 


"Scott in Florida
, "Cathy F."

My 2000 Echo is all mine... hasn't fallen apart yet - just normal wear and
tear.  (except the floorboards that Toyota recalled before I even found out)


Natalie



Posted by Cathy F. on March 24, 2007, 3:33 am
 



That's true. To a degree.  I *usually* keep my cars for 6 years - that seems
to be the cusp of when the depreciation will start to fall off & not give me
a big enough down payment for the next car.  At 6 years, it pretty much
turns into a 1) sell (or trade) it, or else 2) keep it forever - to be the
best situation, financially.  Up here, after several years there's always
the problem with body upkeep - rust - because of the winters/salt on the
roads.

Caveat to the above: Except... I just bought the April car issue of CR; a
used '04 Prius appears to be selling for almost as much as the MSRP was back
in '04!  (Within $ - 2 K!)  If the Prius continues to hold its value that
well, may be yet another incentive for me to splurge & buy one the next time
around...

Cathy



Posted by Greg on March 24, 2007, 1:22 pm
 

The scenario might be soon changing, now that new Prius supply has met
or exceeded demand, at least here in the US. Toyota incentives and dealer
discounts also may tend to alter the future resale value of a Prius.  - Greg

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