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Camry 7th Generation (2012-2017) Toyota Camry Discussion for years: 2012-2017

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post #16 of 20 Old 05-16-2019, 07:52 AM
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I bought a 2015 LE brand new with almost no options and paid $20,100 out the door for it. The list price was a bit over $24k, so the depreciation hit was not much at all. I financed it over six years at a little over 2%, so I haven't paid much in interest. With currently just over 60k miles, that means that I've pretty much been right side up in residual value since buying the car new. There may be deals like that to be had on newer Camry's because cars aren't selling as well as that used to these days. Used cars are just simply overpriced now because dealers have figured out that people think they're getting a better deal on used than they do new.

These cars are tanks and they are highly sought-after in the used market. Since my daughter is getting ready to start driving oh, she's going to get this one and I'm probably going to get another one. It's simply been the best car I've ever had. Not my favorite, mind you, but certainly can't beat it for room, comfort, fuel economy and reliability.



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post #17 of 20 Old 05-16-2019, 10:16 AM
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Originally Posted by aguynamedsean View Post
Being a student, I'm looking for something reliable that I can get without payments.
But you are correct that the discounts are great right now.
Simply not in the budget.

Great Suggestion though,
-S
Ok, I see, that's changing a lot.
Since you like the gen 7, see if you can find a 2013-2014 Camry, they are pretty well built, not really old yet, but lost most of the depreciation already. Since you are on a short budget look for newer cars with light to moderate hail damage, sometimes you can get a very good car for half price.

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post #18 of 20 Old 05-16-2019, 10:22 AM
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Originally Posted by add2718 View Post
The 2012-2014 or so Camrys have had issues with faulty torque converters. Toyota replaced mine for free at 100K and it seems to be holding up alright after 8K more, but if I knew that these model years had problems with the TC, I probably would look elsewhere. After about 2015 or so the problem apparently has been resolved.
Check the statistics. The gen 7 TC issue is blown out of proportion. I know Toyota techs, independent mechanics, halve a dozen of 12-14 Camry owners, owned 2012 and 2014 Camry and my kid is driving a 2012 Camry and I've heard about the issue only on this forum. Every model and generation has certain problems and there is always a chance that something would go bad and I've seen post about 2015+ TC issues as well.

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post #19 of 20 Old 05-16-2019, 10:54 AM
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Originally Posted by OleAvalon View Post
That's quite a generous concept. Generous to car dealers, those who provide financing, and accountants who can make hay with the 20% loss a new owner enjoys within 12 months via depreciation.

It's the perfect solution if you're a thoracic surgeon.

It's also generous to the makers of the modules, CVT trannies, TPS sensors, and manufacturers of power luxuries, all of whom will be collecting big time on spare parts sales by the time "new was new" starting ticking 5 years earlier...

It's also generous to those of us who are automotive bottom feeders, because it adds to the supply of well-maintained, excellent-driving cars whose depreciation has been completely deducted from the price.

Conceptually, I owe hundreds of thousands of dollars to people who, many years ago, decided "new was new." They all (and I say, thankfully from my own personal point of view) thought it was an "investment" to cough up $28k, $37.5k (average US car, 2018), $55k (average luxury car) and more.

The massive savings from a $5k discount... that's 7.5% of $37.5K... not bad. You'd lose only 12.5% of your "investment" the first year of ownership... you'd have to kiss goodbye forever a mere $4,687.50 in the first year.

Oh, wait -- that completely meaningless loss is just about half what the OP wants to spend...
Judging by your post I'm sure you never had a new car, at least not in the past 5-7 years and all this "stuff" above comes form some yahoo article written by an "expert".
12% discounts on a new base-mid trim is a normal, nothing special thing these days. How about getting close to 20% off? That's something unusual, but possible. 2019 Camrys with 27-28K MSRP go for low 20's and since you can keep this car for the next 10 years the first 2-3 year depreciation will be leveled over the term of ownership.
Financing charges? If you have a decent credit any rate under 4-5% means you are not losing anything on finance, cuz of 4-5% annual inflation rate, I'm talking about actual, real inflation rate. Even first time buyers can get 3% rate, that's a free loan and if you can find 4-5K for down payment and can afford $300-400 payments, that's the smart way to buy a car these days.

And in many cases ppl can find a few extra 100's a month just by changing their life style a bit. I know a younger person that stopped going to bars and restaurants every Friday and found $400 a month to make his car payments without dipping into something else. I had 6 used and 3 new cars and yes, new is new and it's worth it if you bought it right and not killing yourself to make payments.

Sure if you can't afford payments or your credit is shot and you can't get a loan or decent APR you can get a 15 years car for $3K and believe you are smarter than all those dumb new car buyers, but most of the ppl prefer newer design, newer tech, nicer "nobody farted here before me" interiors, warranty and no problems related to old metal and high mileage.

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post #20 of 20 Old 05-16-2019, 11:13 AM
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Originally Posted by molson.david View Post
Judging by your post I'm sure you never had a new car, at least not in the past 5-7 years and all this "stuff" above comes form some yahoo article written by an "expert".
....
Sure if you can't afford payments or your credit is shot and you can't get a loan or decent APR you can get a 15 years car for $3K and believe you are smarter than all those dumb new car buyers, but most of the ppl prefer newer design, newer tech, nicer "nobody farted here before me" interiors, warranty and no problems related to old metal and high mileage.
Thank you for that reasoned response. Please note that I already said -- or, from your point of view, confessed to the sin -- that I am an automotive bottom feeder.

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