Are Toyota/Honda worth the significant premium?

Here are some thoughts running through my mind:

-Most new modern cars will make it to 100k miles relatively trouble free. Even dodge, Chrysler and Volkswagen.

-100 to 200k is a different story. But alot of people upgrade / buy something new in the 100-150k range.

-A lot of people also don’t keep their cars for longer than 10 years since the tech becomes outdated.

-Toyotas and Hondas command significant premiums. A Toyota Corolla LE is equivalent to a Hyundai Elantra SE in terms of options/ tech? (Correct me if I’m wrong). But for the price of a Corolla LE, you can pretty much get a decked out, fully loaded Elantra Limited, especially since you can haggle with Hyundai dealerships on the price.

Toyotas and Hondas are light on tech as it is, but for their base model, you can get a fully loaded “off brand” model, or maybe even a slightly used low end luxury car.

While I love the legacies of Toyota and Honda, is it really worth sacrificing options / tech / luxury for the higher price you pay for these vehicles, especially if you will likely upgrade past 100k miles?

#lemon8cars #asklemon8 #carsoflemon8

2024/5/16 Edited to

... Read moreThe debate over the value of Toyota and Honda vehicles revolves around their longevity, reliability, and the significant premiums they command. In the automotive market, they're often viewed as benchmarks for quality. However, looking beyond the surface, it’s important to consider that many modern cars, including brands like Dodge and Volkswagen, can comfortably reach 100k miles without major issues. Additionally, buyers are increasingly shifting their perspective on lifespan and technological advancements. As car technology evolves rapidly, many drivers find themselves trading vehicles in favor of newer models every 100k-150k miles, making the premium pricing of Toyotas and Hondas a questionable ROI for some. A detailed comparison shows that for the price of a Toyota Corolla LE, consumers might get more features and better technology in a fully equipped Hyundai Elantra Limited. This raises a critical question: Is it worth paying more for less tech, considering that off-brand models or slightly used luxury vehicles often offer superior options? Ultimately, the decision to invest in Toyota and Honda should weigh factors such as personal driving habits, the importance of technology in your vehicle, and the potential for appreciation in resale value. Prospective buyers should carefully reflect on these aspects before making a purchase.

13 comments

TT's images
TT

I drive Toyota’s for the reliability. I don’t need all the tech stuff.

kazlie bair's images
kazlie bair

Yes best cars. Don’t buy Kia or Nissan. Two worst cars. I’ve had each one and less than 2 years went crappy.

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