I own both a 2001 and a 2002 Prius. Have been a gung-ho owner and am probably responsible for the sale of half a dozen Priuses to other folks. 2001 currently has 31+k miles on it. 2002 has 17+k miles. The 2001 had to have its rack and pinion replaced. The 2002 had to have its navigation computer replaced. Both done under warranty. Then I decided to start keeping up with what it would cost to repair IF they were out of warranty. Cost of rack and pinion: $3,500.00! Cost of replacement navigation computer: $4,100.00!
Toyota replaced all four tires on the 2001 at 24k miles due to wear. I am at a decision point: Shall I keep the 2001 and spend $1,700.00 for an extended warranty to 100k miles or trade it in for something else. Discovered that my dealer would only give me Kelly Blue Book price: $10,500.00 to $11,500.00 for the car! They said "After all, its warranty is almost out."
I took it to AutoMax to see how they might price the car. Response: "We can't repair Priuses. Only Toyota can, so we won't buy them or even allow them in trade!" I said "You would probably only give me the Kelly Blue Book value anyway, right?" He said "No. Less than Kelly Blue Book!" Now I am concerned. I can remember some of us thinking that the Prius should really hold up its resale value. Apparently NOT true! We still love the Priuses though.
Your thoughts, please. Mine is currently to go ahead and spend the $1,700.00 for the extended warranty to 100k miles. That really gives me just 64k miles more of warranty. These two Priuses may prove to be the most expensive cars I have ever owned!
Toyota replaced all four tires on the 2001 at 24k miles due to wear. I am at a decision point: Shall I keep the 2001 and spend $1,700.00 for an extended warranty to 100k miles or trade it in for something else. Discovered that my dealer would only give me Kelly Blue Book price: $10,500.00 to $11,500.00 for the car! They said "After all, its warranty is almost out."
I took it to AutoMax to see how they might price the car. Response: "We can't repair Priuses. Only Toyota can, so we won't buy them or even allow them in trade!" I said "You would probably only give me the Kelly Blue Book value anyway, right?" He said "No. Less than Kelly Blue Book!" Now I am concerned. I can remember some of us thinking that the Prius should really hold up its resale value. Apparently NOT true! We still love the Priuses though.
Your thoughts, please. Mine is currently to go ahead and spend the $1,700.00 for the extended warranty to 100k miles. That really gives me just 64k miles more of warranty. These two Priuses may prove to be the most expensive cars I have ever owned!