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#714 of 5290 Re: Hybrids in the mainstream [larsb] by gagrice [larsb] [gagrice] [larsb]
Sep 29, 2004 (2:35 pm)
On the 2001 Prius issue: autotrader.com today in Phoenix AZ:
Prius * Vehicle includes: Power Steering, Power Brakes, Power Door Locks, Power Windows, AM/FM Stereo Radio, Cassette Player, Premium Sound System, … more
Distance: 7 Miles
That dealer is looney toons. Here is an ended attempt to sell a 2002 Prius with 35k miles. It still has a 6year 100k mile warranty from Toyota. They could not get anyone to bid past $12,800. They would have sold it on a "Buy it Now price of $17,800. No takers. That is a very substantial loss on a two year old car. That AZ dealer will be lucky to get $9K for that Prius. They are an unknown at higher mileage.
#715 of 5290 Re: Hybrids in the mainstream [larsb] by gagrice [larsb] [gagrice] [larsb]
Sep 29, 2004 (2:46 pm)
Hey gagrice (and everyone) I'm looking for a used 04 Prius or Insight, would like a sweetheart of a deal but can't find it so keep those tips coming, I'm bound to get lucky.
#716 of 5290 Re: E-Bay is not a good place to monitor car prices... [larsb]
Sep 29, 2004 (3:04 pm)
"Surf on over to cars.com and search for Priuses, all miles from you.
It finds 383 cars. about 80 of them are 2001 models. There are only qty 12 of the 80 cars that are selling for less than $13,413.
That means about 68 of the 2001 model cars are selling for more than $13,413."
I think you mis typed something. Didn't you mean to say that cars.com is offering 68 cars for sale? Or are you saying they actually sold them at that price?
#717 of 5290 Re: E-Bay is not a good place to monitor car prices... [stevedebi]
Sep 29, 2004 (3:09 pm)
quote-"I think you mis typed something. Didn't you mean to say that cars.com is offering 68 cars for sale? Or are you saying they actually sold them at that price?"-end quote
Picky Picky.....even if they don't go ("sell") for the asking price, which MANY THOUSANDS OF CARS DO EVERYDAY, they will usually get with a grand of that price.
I could take the time to average the prices, but a good guess is around $15,000 for a 2001 Prius: 75% of base MSRP when the car was new. Edmunds TMV for a car with 69K miles retailing at $15,400 shows a good hold of value.
My point remains that 2001 Priuses are holding their resale value just fine.
#718 of 5290 Re: Hybrids in the mainstream [larsb] by gagrice [larsb] [gagrice] [larsb] [gagrice] [larsb]
Sep 29, 2004 (3:23 pm)
Well, the Edmunds TMV comes out $15414 for that car in 85034 in "clean" condition. Even if MSRP was $22000 on that car new, that's still 70% of MSRP after 69K miles..
Again you make my point for me. Just because someone WANTS a big price for a car does not mean it will actually sell for that amount. You are a prime example. You beat the dealer down on your HCH to $19,324. In San Diego that HCH with CVT has a TMV of $20,698 New. However the dealer I talked to was selling the hybrids for $1000 over MSRP. It looks like you saved about $1374 by getting a used car. Not bad as most cars lose about $3k when they roll off the lot. The bottom line is what you have said all along. The price at the outset is not what the car ends up selling for. From what I am seeing on eBay the dealers are not selling the Prius by that mode. It may be that people will not buy sight unseen on a car. I would not. But I would never pay near MSRP for any car either. I reiterate the dealer in AZ is light in the loafers if he thinks he is going to get $17,995 for a 2001 Prius with 69k miles. If he does the person buying has spent too much time in the sun. Too bad we will never know.
There is a 2004 like new Civic HCH on eBay that is up to $8,800 with 5090 miles on it. Full warranty in excellent condition "no salvage". You may have jumped too soon.
#719 of 5290 Re: Hybrids in the mainstream [larsb] by gagrice [larsb] [gagrice] [larsb] [gagrice] [larsb] [gagrice]
Sep 29, 2004 (3:28 pm)
quote-"PS There is a 2004 like new Civic HCH on eBay that is up to $8,800 with 5090 miles on it. Full warranty in excellent condition "no salvage". You may have jumped too soon."-end quote
Like I said earlier, E-Bay is just about the WORST way to buy a car. Why would ANYONE buy a car sight unseen? Something about "suckers born every minute" applies.
My point remains undisputed -
2001 Priuses are holding their value in the 70% of MSRP range after three years.
#722 of 5290 Posts removed?
Sep 30, 2004 (6:33 am)
Were there some posts removed or is my browser acting funny?
Sep 30, 2004 (6:34 am)
I shouldn't have to drop into these hybrid-related discussions every two days and delete posts and tell you to get back on topic and be civil to one another. This is about NEWS - we already have a resale value discussion. E-Bay ads don't count as news.
If you forget what the topic is, please read the discussion title before posting. We have a lot of hybrid discussions, and we'd like to keep the conversation organized so that other members can find info that interests them.
There's a debate on television tonight where professionals (?) will challenge each other's knowledge and credibility. If that's what you're after, please tune in, but this is not that venue. Please keep it civil, on-topic, and informative.
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