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Prius gossip (move if necessary)

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Godiva, Jun 30, 2008.

  1. Godiva

    Godiva AmeriKan Citizen

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    I consider this news but you might consider it just gossip.

    I took my 2005 Prius package 1 in for an oil change today at Kearny Mesa Toyota. I have HOV stickers.

    While I was waiting my salesman, Howard Sheehy came over to say hello and we got to talking about the market.

    We talked about the waiting lists, the lack of Prii. He said they only had a pre-owned one on the lot. He pointed to the HOV stickers on a Prius waiting in the queue and said they were worth gold. He said he can sell a Prius for $2,000-$3,000 over going market prices with those stickers. He agreed with my $4,000 if it's in the L.A. area. So California Prius owners with HOV stickers. There you go.

    I said even though my car had some cosmetic issues, I could probably get 75% of what I paid for it. He said I was wrong. He said even though I had a 2005 package 1 with 30,000 miles on it. I could probably get every penny I paid for it if I sold it today. Probably more because I have the HOV stickers. (Worth the $8.00 investment).

    He said he just sold a 2007 for $35,000.

    I couldn't believe that one.

    He told me the 2009s were coming out soon but there wasn't that much difference. I told him I'd probably wait until the stickers ran out in 2011. He said he had just learned there was a time limit on them. I said I considered selling mine but there wasn't much point with the 2009 so similar and besides, my car will finally be paid off next April. I'm waiting until the stickers run out in 2011 or when they have a plug in.

    He said the plug-ins might not be out in 2011 because they'll be testing them in fleets first. They'll want them to be thoroughly tested. I said they're already out now. He said yes, but not on a large scale.

    We talked about EV. I said depending on the market I might wait if I can get an EV instead of a plug-in. I said whoever is first, but not GM. He seemed to think Toyota is going to be first to the market with an EV. The Prius is their groundwork.

    Okay, this is all gossip. But Howard is a straight talker. Granted, he's just the internet sales manager and not privy to the closed door meetings at Toyota headquarters. I believe what he's telling me about the scarcity, waiting lists and selling prices because I've been reading it here.

    I didn't figure the shortage would be as bad in So. Cal but I guess so.

    I must say I was gratified to learn that with today's market, my Prius has held 100% of it's value. Awesome.
     
  2. Danny

    Danny Admin/Founder
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    He's pretty much right. It sounds like he's been reading some of the other threads in the News forum :)
     
  3. ServoScanMan

    ServoScanMan Member

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    That makes me feel much better, considering I only paid a net price of $18,000 for my Prius. :)
     
  4. Godiva

    Godiva AmeriKan Citizen

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    I don't think Howard surfs Priuschat. But when what he says jives with what I read here, I know he's giving me the straight scoop. And he's never steered me wrong.

    I must say I feel *really* good about my decision to buy when I did. Today I overheard my Dad bragging about my Prius. Tee hee.
     
  5. Aunty Den

    Aunty Den New Member

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    I got an email from a local dealer here in Seattle on Saturday letting me know that they have the following used Prius' available for sale:

    1.) Silver 2008 Package #2 with 7,878 miles. Listed at $31,995.
    2.) Driftwood Pearl 2007 base model with 27,366 miles. Listed at $29,995.
    3.) Tideland Pearl 2005 with nav and no leather. 42,234 miles. Listed at $27,995.

    I guess some people are so desperate to get a Prius that they'll pay anything. :-0
     
  6. SGMRHH

    SGMRHH New Member

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    What is a HOV sticker?
     
  7. jelloslug

    jelloslug It buffed right out!

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    It lets you legally drive in the HOV lane with only one person in the car.
     
  8. hill

    hill High Fiber Member

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    The HOV lane originally referred to the carpool lane (High Ocupancy Vehicle). In CA, the legislative history behind the HOV lane was multi-fold:
    1) Get cars off the road to reduce congestion
    2) Get cars off the road to reduce pollution
    3) Get cars off the road to save fuel

    Hybrids met 2 of the 3 original purposes, so the legislators decided, "oh, that's close enough for government work" :p

    So the HOV sticker let's you in the lane, if you're driving the appropriate car, and you have the stickers. They also make stickers for CNG & pure EV cars in CA, which unlike the yellow hybrid stickers, the white ones are not schedueled to expire.
     
  9. Bob_bear

    Bob_bear New Member

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    If people are buying with such a mark up it only proves that a suckers is born every minute .... I'm a big Prius fan but I fail to pay Toyota a premium for a car our tax rebates helped to develop.
     
  10. nerfer

    nerfer A young senior member

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    Only thing I don't think the salesman had right was who would be first with an EV. I'm pretty sure Nissan or Mitsubishi (maybe even Subaru) will beat Toyota to that. And of course there's the Th!nk, and maybe an electric version of the Smart car (which I saw yesterday, well, the gas version, but the first Smart on the road I've seen other than in a parade last year).

    By 2011 there will finally be real options, I'm looking forward to it.
     
  11. sdtundra

    sdtundra Senior Member

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    I posted my 2008 Package 2 with 4900 miles on Craigslist for $35,000. Within an hour or so i had a guy call and offer $32,000. Sooooooo tempting
     
  12. Rybold

    Rybold globally warmed member

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    What this news means for current Prius owners with HOV stickers:

    If you have HOV stickers, are they worth $4000 to you? Do you really need the stickers? Would you miss them? For those of you that barely ever use the HOV lane, you could trade your Prius for an equal pre-owned Prius without the stickers and try and make a $3000 profit.
     
  13. KAR IDEA

    KAR IDEA Member

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    Yeeesh. Has anyone considered, that since the Prius is now such a hot car to own, that it could also become the next most stolen vehicle in the U.S. ? I've been thinking about that lately and am a bit concerned..thoughts?

    :(

    Dave
     
  14. sendconroymail

    sendconroymail One Mean SOB

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    I never want to live in an area which requires an HOV sticker. I can get on I-95 anywhere in my county at any time of the day and cruise at 80 MPG (Not that I would ever go that fast).

    Wow that's great our cars have gone up so much in value. Maybe I'll sell mine when gas hits $7.00.
     
  15. qbee42

    qbee42 My other car is a boat

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    They are hard to steal. Also, most stolen cars are parted out. Since the Prius has a good reliability record, the demand for parts is low. Perhaps as thieves become more clever this may be more of a problem, but it isn't an issue now.

    Tom
     
  16. sendconroymail

    sendconroymail One Mean SOB

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    You do what they do in NYC. Drag it onto a flatbed with the alarm blasting and drive off.
     
  17. qbee42

    qbee42 My other car is a boat

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    That will work. If you look stupid and shrug your shoulders, no one will question the alarm.

    Car alarms are one of my pet peeves. We live in a small village where people don't lock their houses or take their keys from their cars. Tourists come in and manage to set off car alarms at all hours. My proposed solution involves a Travel Lift. This is a marina town, so in case you don't know about Travel Lifts, they are odd Dr. Seuss looking contraptions that are used to lift, transport, and launch large boats. I'm pushing for an ordinance that will work like this: say a car alarm has been blasting away for over five minutes. One of the DPW workers will drive to the offending car with a Travel Lift, pick up the car and take it to the marina, at which point the car will be submerged until the alarm is silenced, after that the car will be returned to its original parking place.

    That seems like a reasonable solution, don't you think? :D

    Tom
     
  18. Rybold

    Rybold globally warmed member

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    The advantage with the Prius over other cars is that if you hook the battery up to the door handles and program the alarm to electrically charge the door handles when the alarm goes off, you will be able to deliver a greater electric shock. It will work great on those prankster tow truck drivers in small villages in Northern Michigan. :D
     
  19. zcat3

    zcat3 New Member

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    I just bought my 2008 package 6 in May for 25,500. That was pretty much the going rate at all the San Francisco Bay Area dealers I spoke to at the time. After reading an article on CNN last week about the recent Prius shortage, I e-mailed the sales guy I bought my car from and he said that the same car now goes for $32K. I guess I should have bought a few more to flip them. Could be a new cable series - "Flip that car."
     
  20. JimN

    JimN Let the games begin!

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    Which tax rebate are you referring to? Toyota is passing on a golden opportunity. They should be raising MSRP $3000-$5000 to align it with the market.

    Toyota makes a profit when the dealer pays for the car, a few percentage points UNDER invoice. The dealer makes a profit when a consumer buys a car from them. If they can sell at over MSRP then they make a lot of money. It makes up for the trucks that they are probably selling closer to invoice than to MSRP.