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Nov 15, 2005 (8:53 am)
I was online last night looking at the used car inventory at the Honda dealership I bought mycar from this past summer.
For sale is a 2004 Hybrid Civic with the CVT transmission which has 40,000 plus miles on it and they are asking 19,999.
I paid 20,000 out the door for my 2005 HCH.
If this trend continues I will drive mine for two years or 40k miles and trade it in on a new one. It sure looks like the car is holding its value even with the price of gas off more that a dollar from the post huricane price spikes this summer.
#665 of 671 Re: And if that wasn't enough [kdhspyder]
Nov 29, 2005 (1:24 pm)
Gee I wonder why some folks feel it unfair to compare the Prius to a Civic or Corolla? Is it because they know that the difference in operating costs between a Prius and a non-hybrid Civic (or heck, even a HCH) is not as great as that when comparing the Prius to a vehicle with a larger-displacement engine which obviously won't return anywhere near the fuel economy that the smaller-engined non-hybrid Civic and Corolla are capable of returning? I mean, look at the fuel economy figures for the 1.8L Civic and Corolla...then look at the figures for the 2.0L Passat; is it no surprise that the 2.0L Passat is already at a disadvantage when compared to the Prius? Sure, even if it were a 1.8L engine in the Passat, the Prius would still come out ahead...but not by the wide margin that Prius and/or hybrid fanboys/girls love to tout to the non-hybrid folks.
#666 of 671 Re: And if that wasn't enough [tdoh]
Nov 29, 2005 (1:28 pm)
Well, comparing a Civic to a Prius is problematic because a Prius is a "higher end" vehicle and can actually be $7000 more than a Civic Hybrid, and can cost up to $13000 more than a Civic DX.
The Prius is also considered a "midsize" car based on interior space. So comparing a midsize to a compact is problematic.
The most comparable Toyota to a Prius is the Camry. Prius is closer to an Accord in the Honda line, based on size and available creature comforts.
#667 of 671 Re: Paying more than MSRP for (new) Hybrids, Depreciation/Value of used Hyb
Nov 29, 2005 (1:38 pm)
And this is (one reason) why I wouldn't place any real significance on the excellent depreciation on hybrids, if I were a hybrid shopper. I mean, using the example in post #664--why should I bother buying that 40K-mile $19,999 asking-price 2004 HCH that apparently depreciated very little in value when a brand-new HCH apparently can be had for just about the same price? Or are there some folks out there who are that unscrupulous enough that they would try to convince someone that a $20K 1-year-old (or more--I think it's fair to mention this since you hybrid owners love to boast about how very little hybrids depreciate in value, even over the course of a few years) hybrid is a better buy than a $21K brand-new one?
#668 of 671 It's all based on demand and market viability
Nov 29, 2005 (1:43 pm)
quote TD-"Or are there some folks out there who are that unscrupulous enough that they would try to convince someone that a $20K 1-year-old (or more--I think it's fair to mention this since you hybrid owners love to boast about how very little hybrids depreciate in value, even over the course of a few years) hybrid is a better buy than a $21K brand-new one?"-end quote
I think we all know the answer to that one...there are suckers born every day, and a fool and his money quickly part ways.
#669 of 671 Really funny Prius salesman coming out of ...
Dec 22, 2005 (9:03 pm)
woods. Every Toyota dealership si calling, 2006 Priuses $500 and more under MSRP.
#670 of 671 Re: Really funny Prius salesman coming out of ... [midnightcowboy]
Jan 02, 2007 (2:02 pm)
Depends on where you live. In Austin certain dealerships are still moving 2007 Priuses off the lot every day at MSRP. I'm sure that's true in California, too. However, in Baton Rouge, Dallas, etc., I'm hearing of salesmen selling Priuses way below MSRP.
#671 of 671 Re: Really funny Prius salesman coming out of ... [allargon]
Feb 07, 2007 (1:35 pm)
As of late, here in N.W. Indiana, prices are flexable with the addition of very favorable low interest financing. I purchased my '04 Prius over three years ago and now have 57 thousand miles. Resale seems to be in the range of 17-18 thousand in good condition. I'm one happy Prius owner and can't remember when I found a car to deliver on so many counts.