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#1187 of 5290 Re: every Toyota range will have a hybrid version. [backy]
Jan 22, 2005 (1:34 pm)
a four-year-old Prius returns about half its purchase price as a trade-in--few four-year-old cars do that.
That is what the TMV says alright. I just watched a 2002 Prius with 92k miles bring $9100 on eBay from a Toyota dealer in Washington DC. It was supposedly in great condition. That means the person that traded it in probably got less than that in trade. The Edmund's TMV on that vehicle with that many miles was $15k. People are not going to buy a hybrid with a lot of miles on it and no warranty. The nature of the hybrid is for people that do put lots of miles on a car. You may as well accept that when you get close to 100k miles you are not going to get blue book from a dealer. Maybe someone on the street. I know some of you think that buying cars on eBay is stupid. It is done all the time. If you have a better source for actual prices paid for used cars I would love to see it. What a car is listed for in the trader means Nothing.
I Paid $36k for my 1999 Suburban 6.5 years ago. My neighbor hit me up to sell it again last week with a $20k offer. Try that with anything else but a Porsche.
#1188 of 5290 Re: every Toyota range will have a hybrid version. [gagrice]
Jan 22, 2005 (2:59 pm)
FWIW, Edmunds.com's TMV prices are based on actual sale prices--but more than one. Any conclusion can be supported by a single select example.
#1189 of 5290 Re: every Toyota range will have a hybrid version. [backy]
Jan 22, 2005 (4:32 pm)
Any conclusion can be supported by a single select example
That is true. However of the 25-30 Prius I was tracking on eBay that is the only one that sold. Most ended up not getting the minimum bid. I know there has to be a site that shows prices paid for used cars. I just have not found it. I think the history of sold Prius is so small at this time it would be difficult to draw any hard conclusions. I just have seen so many people saying they have a high resale without any substantiating evidence.
#1190 of 5290 Re: every Toyota range will have a hybrid version. [gagrice]
Jan 22, 2005 (4:36 pm)
I think the history of sold Prius is so small at this time it would be difficult to draw any hard conclusions.
Excuse me, but isn't that exactly what you did a few posts ago?
#1191 of 5290 Re: every Toyota range will have a hybrid version. [backy]
Jan 22, 2005 (4:44 pm)
I gave the only example I had evidence of to make my point. Which still is that the Prius at 100k miles will be hard to unload. Even when it is only 2 years old. And that is not what the TMV gives as a price for that car.
#1192 of 5290 Re: every Toyota range version. [gagrice]THE VALUE OF A PRIUS
Jan 23, 2005 (10:59 am)
Gagrice...Sometimes we agree and then there's the times we disagree. Take your opinion on a Prius w/ 100k (probably 4-6 yrs old). Unloading any car with those miles rubs on the narrow thinking that any car w/ that many miles is over the hill..well, I'm here to tell you that thinking is passe` just like back in the 60's when americans thought that "those rice burning cars and bikes just won't last like our good ol' tried and true Detroit cars (ha! ha!). Times DO change and so does OUR thinking. Of course most of us tend to trade or sell our cars just for the sake of trying something new or inovative (like maybe a Prius?). I personally sold my 02 Suzuki Grand Vitara with 21K in perfect condition just to aquire a Prius.
Culliganman (Time will Tell)
#1193 of 5290 Re: every Toyota range version. [gagrice]THE VALUE OF A PRIUS [railroadjames]
Jan 23, 2005 (12:41 pm)
Take your opinion on a Prius w/ 100k (probably 4-6 yrs old).
It was actually a 2002 with 92k miles in supposedly excellent condition. It sold for $9100 from a Toyota dealer in DC. My contention is that the car was probably still good for a lot of miles. The perception of hybrids is not that of longevity. There is very little history other than one lone cab in Vancouver that everyone treats as the Holy Grail of hybrids. Would you pay top dollar in this case it had a Blue Book value of over $15k. Yet the dealer only got $9k. You draw your own conclusions. I would be happy to see other evidence that is all I have found. I see a lot of used Prius for ridiculous prices advertised. Are any of them selling for near the asking price?
#1194 of 5290 Re: every Toyota range versionTHE VALUE OF A PRIUS [railroadjames] [gagrice]
Jan 23, 2005 (2:15 pm)
O.K. Where to begin...You stated, "The perception of hybrids is not that of longevity." If Toyota is willing to go 8 YEARS/100,000 miles fully covering the hybrid sys. I'd say THAT and the usual top dollar Toyota cars bring is a good start to the "longevity" you refer to. I have a friend who owns a Civic Hybrid and she has over 83K on it and just can't say enough about how great the car has performed.
Back to your example on the 1st generation Prius..The 1st generation was just that. Hardly the grand success that the 2nd generation has been. Many accolades from all over the world praising the Prius (Motor Trend, Car & Driver, Consumer's Report, ETC)as the most revolutionary car to come along in years. Yes, the jury is still out, because time will tell and public and owner opinion will be the telling story. I've gathered several sites to be "in the know" so to speak. Maybe that explains why I own an 04 Prius. Is it a perfect car? No! But I haven't been this excited about a car since I bought a brand new 71 Mustang Mach One silver w/ all white interior. That pony made me smile just like my Prius.
Culliganman (a taxi Prius is not your every day used car)
P.S. I almost bought an 02 Prius when I was wintering in Corpus Christi TX in 03 and they were discounting them $1200-$1500 dollars at that time. I'm glad I waited for the 04.