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Weird car economics
Posted by Dean (more from Dean) on Fri, 1 Nov 2013 16:06:54
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My mother-in-law [mil] is staying with us as she recovers from a total knee replacement. She is doing very well. She gets a call from the Toyota dealer who says he can get her into a better new car with better features for the same lease cost as her two+ year old vehicle [almost one year early] on a 36 month lease. She returned a 2011 Camry and has a new 2013 hybrid Camry with with a 2.5 liter engine. It has great MPG's and performs very well. Suspension is taught and it seems like a great car. Has blue tooth phone integration and may other gadgets not seen in the 2011. She lives on a budget. Her fuel costs will go down. But her insurance will go up as new vehicle is worth more than the old.
Factors, low interest. [You can purchase with 0% financing, same at VW]. Her monthly lease is the same.
The odd thing is sitting at an intersection and having a discomfort because the engine is not running.
The Pirus vehicles get better mpg's than the Camry, but the engine is reduced to 1.8 liter. The Camry still gets a CVT transmission.
So she is very happy. Seems very strange to have something positive like this happen when the norm is typically quite the opposite.
Tax credits on a hybrid vehicle? I have no idea what goes on when its a lease.
---
The 2011 had a liner behind the front air dam and in the front wheel wells that was paper thin and easily damaged. The 2013 is very substantial. The rear fender wells are lined with a fabric like material. That should be much quieter and rock abrasion should be eliminated.
posted by 108.207.11...
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