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Tuesday, January 03, 2006

The Gas Wars

Well, no one I know is winning, but I travel 20,000 miles a year all over creation so I'm looking for an edge. To that end, I just bought a new 2005 Toyota Prius. Because it's an 'o5, I got about 900 bucks off the sticker price. An '06 model, with the features I want, would have cost 1800 more at sticker price. Also, they didn't have any.

For purchasing a new Prius, even an 05, (according to my CPA) there's a $3,000 tax credit. Driving as much as I do, I expect to save $1,000 a year in gas if current prices hold, which we all know they will not.

Every Toyota dealer will tell you how lucky you are to see a Prius, and how no one else has them, but I've been to four, and they all had them. All but the one I bought from were asking sticker price for '05 models, which are identical to 06s except for a headlight modification.

If you're in the market for a great, cool car, it's a very good time to buy a Prius. Right now, they're about the same price as Camries. But the tax credit will fade and disappear soon after Toyota sells 60,000 hybrids, which Toyota estimates will occur around June.