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Used Prius worth more than new

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Doc Willie, Jul 4, 2008.

  1. Doc Willie

    Doc Willie Shuttlecraft Commander

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    Used Prius: More News I Don't Believe


    The New York Post reports that you can get more for a used Prius than it costs to buy a new one. Supposedly demand is so high that people can't wait six weeks for a new one so they overpay for used ones with dents.
     
  2. Turbogizzmo

    Turbogizzmo New Member

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    2008 Prius
    Used Silver Prius 2008 $40k PM if interested! jk......unless your really that desperate in which case you may need to go home and rethink your life ....... ;)
     
  3. darelldd

    darelldd Prius is our Gas Guzzler

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    Used 2006 Silver for $60k. Comes with HOV stickers, rack mounts, full LEDs, splash guards, heated seats, shaded windshield, trailer hitch... gosh I can't list it all. I think $70 since that's what my EV is worth anyway.
     
  4. Godiva

    Godiva AmeriKan Citizen

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    Used 2005 30,000 miles, some scratches. HOV stickers. A bargain at $35,000. So. Cal. Will include BT plate, hood guard and mudgards. Front windows guards.

    Co-pilot not included.
     
  5. galaxee

    galaxee mostly benevolent

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    ...again?
     
  6. patsparks

    patsparks An Aussie perspective

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    Adelaide Australia
    2004 silver
    Toyota Prius
    Just 93,000km
    2 owners
    always serviced, always garaged
    no dents and may extras
    Side mouldings, mudflaps, shark fin antenna, rear bumper protector sheepskin seatcovers floor mats.
    All the usual fantastic accessories.
    Once only offer, get it while you can.
    $39,999 not negotiable
    PM me now, you know you want to.



    New price is $37,400 plus costs.
    I can buy a car similar to mine for under $20,000 so I have a funny feeling mine wont sell.
     
  7. spitinuri

    spitinuri Member

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    The thing is... some of these yay hoos will get offers. The only way the demand and the immediacy for these things will go down is with a ready supply of new ones and a much lower pump price per gallon. That is not happenning.
     
  8. Turbogizzmo

    Turbogizzmo New Member

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    If I really wanted to sell mine i would just park it next to a gas station with its current MPG 48.7 and its still breaking it......


    Of course mine has started to grow on me, the stereo is pretty good even though its the base system, and the take off from a light is pretty darn good if you feather the pedal
     
  9. galaxee

    galaxee mostly benevolent

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    05 prius, black
    OWNED AND MAINTAINED BY HYBRID TECHNICIAN
    full window tint, interior protection incl. seat covers and all weather mats, michelin energy mxv4+ tires, lots of other great accessories
    52k miles, over 50% highway
    $32,000

    that's what it would take for me to let it go.
     
  10. brick

    brick Active Member

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    I don't think I'd be able to let mine go even for $30k. What would I drive? At the moment there's nothing else I want to drive.
     
  11. PriusSport

    PriusSport senior member

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    The Kelly blue book has shown used Priuses appreciating in retail value the past several years. They have the trade-in value, however, depreciating. I doubt the latter are accurate right now, in view of the demand. You should be able to get at least what you paid for the car in trade--if you paid in the low to mid 20s.
     
  12. Tech_Guy

    Tech_Guy Class Clown

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    As long as there are desperate fools willing to pay more for a used vehicle than a new one, there will be people willing to take advantage of them.

    Keith
     
  13. Doc Willie

    Doc Willie Shuttlecraft Commander

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    Used Federation Shuttlecraft.

    14,000 parsecs

    Full Starfleet armament

    Excellent condition, been in only one major battle

    40,000,000 Federation credits, or equivalent in quatloos or gold-pressed latinum.

    "We don't have money in the 24th century" - Capt. Jean-Luc Picard

    "Its all about the money." - Jake Sisko, Deep Space 9
     
  14. joe1347

    joe1347 Active Member

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    I'm not sure what I would do if I was actually able to get around $30K for my 2008 pkg #2. Probably sell and buy a supercheap gas hog to hold me until the 2010's come out.
     
  15. Turbogizzmo

    Turbogizzmo New Member

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    What impressed me is that I've always been told to buy used because of the value dropped right after you drive off the lot....well two weeks after I bought mine, Toyota raised prices 1.8% and demand went through the roof. I think this is my best financial investment...I think I have more available equity in my car than my house (damn housing market)
     
  16. klodhopper

    klodhopper New Member

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  17. DeadPhish

    DeadPhish Senior Member

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    Location:
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    Vehicle:
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    True stories:

    A large Toyota store on the E Coast has NO Prius' at all to sell or demo. The word goes out to buy one or two at one of the many large auctions on the EC.

    Purchased: One 2008 Enterprise turn-in with ~10000 mi on it, Package 1 !!! This vehicle if retailed would originally have had an MSRP of ~$22000.

    Professional buyers bid this puppy up to nearly $25000 !!!! USED. It sold for $28900... HUH? 'Buy two more of these gold mines.'


    I'm thinking of sending my 2005 Package #2 with 81000 mi and two accidents to let these dopes bid it up to stupid levels.
     
  18. crow

    crow New Member

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    For what it's worth, I have been shopping for a Prius for the past several weeks, on-line and with 5 different dealers in No. Calfornia. Only 1 of the 5 had a new 2008 on the lot. All of them tried to sell me used (2006 or 2007) ones, usually prior rentals, with prices ranging from 29-34K. All had at least 10K miles. I had already priced out what I wanted and it was much less new (base pkg 2), and I kept asking them why would I want to buy someone else's dings and scratches for more than I could get a brand new one for? The answer: it would be anywhere from 1 to 6 months wait. I told them I had an approved loan, a car that ran (my dear old camry!), and I would wait. Then today I got a call from one of the dealerships saying they had found what I wanted in transit to another dealer and I drove down and bought it off the truck...for less than any of the used ones that had been pushed at me. In the end it took me 3 weeks from first contacting dealers to delivery. It's a strange world!
     
  19. C.RICKEY HIROSE

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    OK, so you bought an 08 new one. How much was the purchase price?
    At MSRP or you had to pay over Manufacturer's sticker? If you paid just the MSRP without buying any dealer's add on, you did terrificly best!
     
  20. RalphF

    RalphF New Member

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    Similar story for me up here in the Pacific NW. Used 2007 priced at more than a theoretical new 2008 MSRP at a certain dealer when I checked a couple of weeks ago. Been working with a sales guy at a different Toyota dealership tracking incoming 2008's and/or 2009's (I'm in no rush, need a new car for the wife but we don't have to be stupid about what we do). Yesterday, got "the call" and went in to put the $1000 deposit down on the exact color/model I'm interested in (although I would have been quite flexible). It is supposedly is arriving in a couple of weeks (fingers crossed ).

    The thing that bugged me yesterday is that I was handed off to a floor salesman (by the guy I had been working with over the internet/phone) and I got the distinct impression that this new guy did NOT want to sell me one of the incoming Prius':
    a) He didn't tell me about all of the models that I already knew from the first guy were due in a couple of weeks. I had to extract the rest of the list from him.
    b) He said something like, "Not sure which of those will be available, guys around here have been already putting deposits on these." (as if the salesmen themselves were snapping up inventory).
    c) They forced a $599 fee on me for undercoating, paintsealing, and interior guard that I normally wouldn't take.
    d) Most irritatingly, he said to me when forcing the $599 down my throat, "We could auction these at the port for $2000 profit." My immediate thought then was that is if someone from Microsoft or Best Buy didn't let you by an XBox (when they were scarce) because, "we could sell these for more on EBay". Disgusting. I think it is borderline sales behavior.

    In the end, I knew too much information about what was incoming and he could not not sell it to me. MSRP + $599 + tax/license.

    Ralph