I’m a bit enamored of the Matrix, because according to Edmunds, it has the lowest 5-year cost of ownership of any small wagon. I also think it looks decent.
I know the Matrix and Vibe are twins, and that they get their main parts from the Corolla. But why the price differences? Does GM just put the price up so that it can offer “discounts” to bring the prices to basically the same line?
How does GM get away with charging even the same as for a Matrix, when “Toyota” means “runs for 300K miles”, and “Pontiac” means “200K miles”, at least in Average Guy’s mind?
Why would the depreciation be so different? Is it just the makes’ reputations? Especially, why would the insurance be so different? I can’t see that, and it’s a major part of the cost differential seen there. So it pretty much comes down to the insurance and depreciation.
Another thing: why on earth would a dealership be listing a Vibe with 2K miles on it for more than I can figure for a NEW one, using Edmunds’ “True Market Value” calculations? It is closer, if I’m right and the dealership didn’t specifiy correctly that it has the mp3-playing stereo, but they’re listing it for over even that. Is that so I can talk them down 1.5K?