My Half Price Ride - Errata

The Elephant in the Room

Cars are extremely convenient and useful. That comes at a price. More affordable options exist, depending on your living situation:

Online Car Buying

I’m not great at waiting. I kept my eyes open for other opportunities. I would see occasional listings for cars at good prices, from a company called Carvana. That caught my eye.

Then I did my homework. Hidden behind their ads and fancy website was the behavior of a shady dealership. They would sell cars they didn’t own. Many, many, many people had trouble getting their titles/registration after they had bought and paid for their car. Sometimes they would get their car repossessed despite having paid for it! A few were even put in jail for driving their car without valid registration.

I stopped looking at Carvana. If Carvana screwed up my car purchase, as they had with so many others, I’d need to hire a lawyer. Lawyers are expensive.

In 2025, research surfaced showing that Carvana’s business is a multi-billion dollar pump-and-dump scheme for their executives, “In the end, the Garcias (CEOs) will bank billions. For customers, they face the prospect of inferior or potentially dangerous cars due to cost cutting measures favoring the bottom line over quality and safety.”

Sometimes, the wise thing to do is walk away.

Total Cost of Ownership Calculations

These can be pretty complex. I made several operating assumptions in my calculations.

Inflation

There’s been a lot said about inflation over the last few years, rightly so. One of my inspirations was a New York Times article describing how Argentinians live in times of high inflation. One of their key decisions? Make capital purchases soon, because the price of big-ticket items outpaces income. Big things become more expensive over time.

I’m making several assumptions about inflation:

Make and Model Filter

I’m aware that the criteria I used, especially the reliability score, eliminated a lot of potential options. That was worth it to me, because a car with a lower-but-still-decent reliability score would to run into more situations where it needed more expensive repairs.

Toyota Prius Prime Design

The 2018 Toyota Prius Prime I bought is complex in some ways, simple in others. It has some complicated components, like its HVAC or hybrid/battery systems.

It also is simpler than many cars: there is no starter, alternator, turbocharger, power steering pump/lines/fluid, or drive belt. The water pump and rack-and-pinion are electric, so they’re likely to last longer. The transmission has only gears & electric motors, no clutches or discs, and thus has a reputation for durability..

Finally, these cars have a reputation for long-term reliability. It’s a Toyota, a Prius, and more specifically, a 4th-generation Prius. They’re odd-looking but highly reliable. I’ll choose that combo in a heartbeat.

Here are the notes I took on how my Toyota Prius Prime is designed and built, and useful notes on its maintenance over time….

Oil Changes

Filters (DIY)

Wipers & AC

Coolant and Transmission

Brakes and Spark Plugs

Injectors, Battery, Tires, Drive Belts

Steering and Suspension

Published 01 November 2024