We've been really struggling financially for the last 7 years but we've finally dug out and are now on the plus side again with no debts other than the house mortgage. Everyone got 100% of what they were owed so we are able to hold our heads high. So, it was time to replace the 2002 Buick Rendezvous that served us well but hasn't had a functioning heater or air conditioner for over 5 years and a few other cosmetic things that would have cost more to repair than it's worth.
In June we were able to pay cash for a 2006 Toyota Prius with almost everything (back up camera, navigation, 6-disc CD changer but no leather seats), great maintenance records and 120,000 miles.
Then, three weeks ago, I happened to catch within the first hour of listing it, a Toyota dealer selling a 2003 Toyota Echo in beautiful shape with 114,000 miles. It's an automatic with the rare power windows, power door locks, etc., etc. and again had great service records. Plunked down the cash again and we're using it as our around-town runabout. It's also my wife's 8 mile daily commute to the train station car that sits in the sun all day and we save the Prius for longer drives since it gets over 50 mpg on the highway. A couple of tanks in the Echo is giving us 30.3 mpg around town. :)
As is always the case when you buy used, you take your chances. The day before yesterday I got in the Prius and the warning lights came on. Some reset after the car cooled in the garage but not all. Trip to the dealer. It's the hybrid battery. :(
Normally it's a $4,000+ repair but the battery warranty is 10 years, 150,000 miles. The car has 9 1/2 years, 125,000 miles on it so Toyota is installing a brand new free hybrid battery pack today and tomorrow.
We feel like we've hit the lottery. :)
BTW: We gave the Rendezvous to our son and his family since they are struggling and needed a car.