Last post on Feb 07, 2007 at 12:35 PM
You are in the Hybrid Vehicles - Archived Discussions
This discussion is ARCHIVED. To reactivate the discussion, post a request in the Lost? Ask the Hybrids Host for directions! discussion.
What is this discussion about?
#520 of 671 Used Hybrid Values?
Oct 03, 2005 (7:24 pm)
I happened to be scanning the used car section of the local paper's classifieds tonight, and came across two hybrids for sale, one 2003 Honda Civic and one 2001 Prius. The Honda was priced at $18,995, but what really caught my eye was the asking price for the 4 year old Prius (59,000 miles): $14,995!!! I suppose some fool would actually agree to pay this much, but geeezzz that would be really....foolish. Under the same Toyota listing there was a "loaded, mint, one owner" 2001 Camry XLE 4 cylinder with with 46,000 miles for $13,500 - I certainly know which one I would choose! There was even a "mint" 2001 Lexus ES300 for sale at $15,300 - just $306 more than the asking price of same year Prius!
From a buyer's perspective, used hybrids have to be THE poorest value out there today. And as new battery technology replaces old, I would think the cost to replace the old parts can only go up, making that used purchase an even poorer value....Once more new hybrids of various makes and models start showing up on dealer's lots, the price of the used ones should start to plummet fast, and comparative values like the above examples should start to disappear.
#521 of 671 Re: Hybrids are still in their infancy of technology [railroadjames]
Oct 03, 2005 (7:35 pm)
8 to 10 yrs from now the batteries should be replaced for considerably less cost than now
Do you have any kind of data to back up that assumption? How much is the OEM battery today compared to 2 years ago?
I agree as long as the 8 year 100k mile warranty is in effect there is little to worry about. Is that warranty transferable? Not all warranties on cars are. Of the 5 new laptops I have owned since 1983 none of the batteries have gone down in price. You better hope that your Prius battery goes out just before the warranty is up.
#522 of 671 Re: Used Hybrid Values? [JBaumgart]
Oct 03, 2005 (7:50 pm)
From a buyer's perspective, used hybrids have to be THE poorest value out there today.
The sellers of these used hybrids are hoping for a sucker to come along. It is hard to know what used cars are selling for as there is a lack of actual data. Right now it is a sellers market on hybrids. I just loaned my brother in-law the money to buy a used car. He bought a GM vehicle with low miles at a bargain price. You can buy a Toyota or Honda below invoice on most new models. They are trying to keep up with the Big 3 giveaway sales. That makes the hybrids even more over priced.
#523 of 671 Re: Used Hybrid Values? [gagrice]
Oct 04, 2005 (3:36 am)
I guess that's why you bought an overpriced GMC hybrid. LOL How's the mileage??
#524 of 671 OVER PRICED? ..NOT!..IN DEMAND?..YOU BET!!
Oct 04, 2005 (5:20 am)
We can go on & on about disagreeing but the fact that hybrids are in demand speaks volumes to their success. As reported in "CAR & DRIVER" & "MOTOR TREND", the 2ND Gen. Prius is the right car for these times. Good performance, ample room and eco friendly. Oh! and did I mention extreemly high mileage.
Contentions that they are over priced are, simply put, bogus. These inovative cars sell themselves. I'm always surprised at the enuendoes that the batteries should or could fail and be a major factor in buying a hybrid. So far (yrs) the batteries are a moot point. They simply work just as designed, requiring nominal drain thus longevity. Implying that "we" are suckers for buying a hybrid indicates to me a lack of reality checks when the hybrid "wave" is growing.."leaps & bounds."
I figure that refinements and added "R&D" will lead to more and more hybrids as pointed out at the European Car Show. Fifteen up and coming hybrids to join the existing list of hybrids.
One question for those who fail to see the future minus "GAS HOGS".....If hybrids are such a big mistake then why are they so ....IN DEMAND? and growing!!
#525 of 671 Re: OVER PRICED? ..NOT!..IN DEMAND?..YOU BET!! [railroadjames]
Oct 04, 2005 (9:40 am)
If hybrids are such a big mistake then why are they so ....IN DEMAND? and growing!!
The same reasons that small cars sold good in the 70s. MPG is important when the price of gas shoots up dramatically. What happened to that period of higher mileage cars. By the late 1980s people were buying bigger, more powerful cars and SUVs. This is the first downward movement of the large SUVs in 15 years. When the hybrids have that kind of growth and popularity I will believe they are here to stay. But then they probably will all be gone by then.
#526 of 671 Cant expect hybrids to do what SUVs did.....
Oct 04, 2005 (10:00 am)
Like you say Gary, this is the first downward trend in SUV sales in 15 years. Has "any" category of cars ever done that, ever before? No.
So holding Hybrids up to the standard of "never been done before" is kind of harsh, dontcha think? That's like holding this year's top rookie NFL wide receiver to Jerry Rice standards in his first ten years. Aint gonna happen.
How about declaring that the standard of "x percent of the market" means they are "here to stay" ??
Whadaya say guys and gals: 5%, 7%, 10%?
I'd say that "here to stay" for the Hybrids has already been reached, since the upward sales trend for the technology is continuing and ongoing. They won't be on the verge of "going away" until the sales start dropping over a couple of years in a row.
Are hybrids the "be all and end all?" Nope, but they are the best we have until the next better thing comes along.
#527 of 671 Re: An answer [sr45] IN DEFENSE OF HYBRIDS [railroadjames] [stevedebi] [fal
Oct 04, 2005 (11:52 am)
" Our country in hock up to its eyeballs and running significantly low on oil and facing 3-4 dollar gas prices. I don't know 'bout you but I'm seeing some serious signals that bring about big concerns as to where we're headed. That's just the tip of the ice-burg in my estimation.
Bottom line....Change is inevitable. You just have to see that!!
What say you now? "
What I say is that we are not short on oil; we are short on gasoline, primarily due to the lack of refinery capacity. I have read that there is actually a lot of years of oil left; but it is not all as easily accessable as some of the past oil. Now that oil is more expensive, it will be more cost effective to get to the oil. I personally know that there is a lot of oil left in Texas, for example, but the wells were not running when oil was at $25 / barrel.
Some analysts are predicting that oil will drop back below $40 per barrel, early next year or so. Personally, I will have to see it to believe it. However, I do think that there is sufficient oil for a pretty good while.
Did you know that for a time in the early 1600's, in Holland, people sold houses just to get a single Ostrich feather? That bubble burst very suddenly. I think that some (note the some) of the current cost of gas is such a bubble, caused by speculation on oil futures rather than traditional supply and demand.
#528 of 671 Re: An answer [sr45] IN DEFENSE OF HYBRIDS [railroadjames]
Oct 04, 2005 (11:53 am)
Quote: "Just know this. When was the last time a car made you feel really good? Dang straight!! Thats the best reason I enjoy my Prius. Yeah, a car makes my days special. Wow!! That's almost therapudic."
Gee, and I thought people were buying Priuses due to their great fuel economy...
Heck, if I wanted to get a car that would make me feel really good...I dunno about you but for me, a C6 Z06 Corvette would make me feel more good than a Prius would...any day of the week!
#529 of 671 Re: An answer [sr45] IN DEFENSE OF HYBRIDS [railroadjames] [tdoh]
Oct 04, 2005 (12:44 pm)
That car is boring. I'd rather have a Conti GT coupe. No GM cars for me!! O BTW... The Prius is a fun car to drive. Can't wait to get mine!