New car thoughts-leasing, paying cash, and extended warranty

I have seen some incredible deals in used EVs (particularly at the high end). The depreciation curves and govt subsidies seem to have distorted downward the 3-5 year used market. Not sure of OPs interests or needs but certainly seems to be relative value in some of these lightly used EV cars.

That said the technology still seems to hit blips. Just the latest few of many if you google EV recalls…

https://www.msn.com/en-us/autos/autos-hybrids/2018-2023-nissan-leaf-ev-recalled-for-cruise-control-acceleration-flaw/ar-AA1erU79?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1

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Are you considering a hybrid (should work just like your current gas vehicle, no charging needed)? Or a PHEV (plug-in hybrid electric vehicle… uses gas if needed for long trips but gets charged at home or at a charging station).

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Interesting comments here, and I have learned a few things. To answer a few questions, or comments-I know how to research, shop and negotiate; car salesman do not like me as I am tough! :rofl: I have Costco, Consumer Reports, Car and Driver, Road and Track, plus others in my back pocket. Loan, if needed, might be the dealer or my credit union; it will depend on the deal. If 0% financing is on the table, I will make a decision then. I know to get online pricing first before stepping foot into the showroom. While I am pretty sure I will be paying cash, not leasing and not buying an extended warranty, I just wanted to make sure I wasn’t missing anything. There are friends and family members that can share their expertise, but I don’t need a man to help me buy a car; I got this! :muscle:

I am not ready for all electric at this time as the townhome where I live would need the fuse box replaced, adding another expense. I also might be moving in a couple of years, so don’t want to have to do a revamp again. I am still doing my preliminary car shopping; I haven’t narrowed it down yet. Once I have a few I am really interested in, I will test drive. I am looking at ICE and Hybrid, no strong feelings either way.

Currently I easily can drive 50 miles in a day as it is 52 miles round trip to my daughter, and 24 to my mother and other relatives. It isn’t unusual to go to one or both in a day, as well as running errands. When, and if, I move, it would be somewhat closer to my daughter, which would change my daily drive.

As far as my mechanic, I am pretty sure he is against hybrids as he isn’t able to totally service them. While our family has been with his for 30 years, he has a small shop. He gives us great service, but not unusual to have to wait for a part to come in, especially for my husband’s old BMW. I imagine I will be staying with the dealership with the next car for service, but that also will depend on what I purchase.

I do wonder about the extended warranty in terms of the electronics as @bhs1978 mentioned. Just thinking about the repairs on home appliances and their short life spans due to the electronics; are cars the same? While not what I would want to do, but buying a new washer every 10 years is more palatable than having to buy a new car as the parts aren’t worth the purchase.

Off to continue my research.

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Always have been leary of hybrids and plug ins, 2 engines that could go wrong, need servicing. Been leasing our EV because tech, especially battery/charging, is constantly improving. ICE car owned and is used for long distance trips, especially if there are big stretches non-Interstate. We have leased ICE cars and then bought them before depending on the performance of the car and the “used car” value based on mileage at the end of lease because the lease rate (finance charge and residual used) was relatively favorable. It might have been cheaper to buy the car outright, but we end up with a 3 year option to see if we liked the car and if it had any mechanical issues. Also nice to drive a new car every 3 years.

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@BKSquared That is exactly my mechanic’s point, dealing with 2 engines. But, as I said above, it may just be he doesn’t have the technology in his shop to deal with hybrid parts so would like to steer me away.

I have heard others who have said this also. And of course, your personal level of concern is important. We have friends and relatives who have had various hybrids for many years…and no one has ever complained about this issue.

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With anything having more gizmos, there is more risk. But if the hybrid battery fails, the engine works, right? What is the mechanism that a hybrid switches from gas to electric? I don’t think it’s an “ engine”

I still think you can ask the local jmoa what dealerships they like/don’t like…

Lol whatever that photo is on the cnet link, it isn’t a cyber truck!

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@jym626 I actually have names for most dealerships I am thinking about. My nephew is a perpetual car buyer; we were trying last night to name all the cars he has owned in his short 50 years! He is all over the place with what he buys, but partial to Jeep, which is something I will not be looking at! He actually buys a new car every 2 years or so, while his wife drives the same car forever.

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On hybrid - yes and no. Two Toyotas - Prius and Corolla - are regularly rated tops for durability. of course, they’re not SUVs.

That said, all vehicles have issues - and Toyota has a recall on hybrids right now - but so does most every manufacturer on so many ICE vehicles as well.

Hybrids are well tested and with the demand for EV hitting a wall, more OEMs are introducing hybrids - both plug in and non-plug in.

There are certainly a huge swath of vehicles to choose - whatever you decide after test driving some.

If his wife keeps the car forever that’s who I would be asking😀.

Like choosing between the advice of an “accomplished” speed dater or someone with a 40 year plus happy marriage.

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Re: did the company subsidize every 2 yr car purchase.

Sort of. We had a company car as long as we bought or leased and drove a same brand car “as our other car”every two years. We also bought” kid cars “during those years.

Oh please. The recall I am aware of on a Toyota hybrid is a door latch. It’s minor. Best not to omit details. It is a safety issue, but for now the driver simply keeps the rear doors locked when driving until it’s fixed.

Actually it’s a transmission - but it’s not the point.

My point is simply to say to someone - don’t buy this type of vehicle because it’s going to have a recall - guess what - so is yours - whatever you buy. But the Toyota one isn’t a latch - but guess what - if it was a recall for a latch and not a campaign, then it would have safety implications - a hood or trunk flying up or off while driving for example. Nonetheless, you had the wrong recall.

Most, if not all brands and most vehicles have campaigns (which you never see - they do on repair before the government requires a formal call back) or recall - because the feds are going to make them. Most OEMs will issue a voluntary recall but others are government mandated because the OEM pushed back too much. Takata Air Bag Do Not Drive are an example - the OEMs hate those for obvious reasons.

Back to OP - I hope they’ve gotten more info to help guide them - vs. reading through the bickering.

"Toyota is conducting a safety recall involving certain 2022-2024 model year Toyota Tundra and Tundra Hybrid, 2023-2024 model year Sequoia and 2022-2024 model year Lexus LX 600 vehicles in the U.S. Approximately 280,000 vehicles are involved in this recall.

Certain parts of the transmission may not immediately disengage when the vehicle is shifted to the neutral position. This can allow some engine power to continue to be transferred to the wheels and can allow the vehicle to inadvertently creep forward at a low speed when it is on a flat surface and no brakes are applied, leading to an increased risk of a crash."

Toyota Recalls Certain 2022-2024 Toyota Tundra, Sequoia and Lexus LX 600 Models - Toyota USA Newsroom

We ought to start thinking about a new car soon. (2006 - 103k miles, 2013 130k). But wow, lot more decisions than last time we shopped. Long ago we had an assumption that ‘self driving cars’ would be here in our retirement years. There are of course more safety features (some we may need to experiment with… hubby was caught of guard with a lane departure alarm on a rental car in crowded city traffic / construction zone.) But no George Jetson spaceships.

For those of us who don’t know, what is a JMOA?

More reason to buy a car without a transmission! Sisnt you didn’t disclose what recall you were referring to, I shared the minor one I was familiar with. Best to provide data when one makes a claim.

Electric cars have transmissions.

If you try to avoid cars with significant recalls, you will be avoiding just about every reliable car on the market…almost all the Japanese cars has Takata airbags, and almost all were recalled for that issue…which was a safety issue. Would I avoid all Honda, Toyota, Lexus, Subaru, etc…because of this? Absolutely not. It took a while, but these airbag issues were fixed.

I’ve had recall notices on just about every car I’ve owned. That doesn’t mean I don’t find the car reliable. The manufacturers are taking care of their customers when they issue a recall. And I don’t care what the reason is.

@snowball it sounds like you have good info plus also good common sense about buying cars.

As an aside…anyone could get a lemon…and that’s why many states have Lemon Laws…as mentioned above.

Sometimes you just do your best, and then hope for the best.

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