1. Attachments are working again! Check out this thread for more details and to report any other bugs.

2007 Prius(Touring) - KBB value

Discussion in 'Gen 2 Prius Main Forum' started by tampaite, Jan 1, 2017.

  1. tampaite

    tampaite Member

    Joined:
    Jul 29, 2011
    230
    41
    0
    Location:
    FL
    Vehicle:
    2014 Prius
    Model:
    N/A
    2007_Grey_0101_2017_KBB_PrivateParty_1.JPG 2007_Grey_0101_2017_KBB.JPG 2007_Grey_0101_2017_KBB_PrivateParty.JPG

    With a new addition to our family, was thinking of trading in Prius for a 2016 or 2015 mini-van and so, I just looked up the 2007 Prius(Touring) KBB value and was surprised at low valuation.

    Prius has about 167K miles on it.

    Trade in value = $2774
    Private party(very good) = $ 4264
    Private party(good) = $ 3715

    Given these KBB estimates and am inclined to think mine would fall under (good) condition for resale - How much can I expect from a dealer if I trade in? has anyone traded their Prius lately?

    Thanks.
     
    #1 tampaite, Jan 1, 2017
    Last edited: Jan 1, 2017
  2. ericbecky

    ericbecky Hybrid Battery Hero

    Joined:
    Mar 12, 2004
    4,365
    3,209
    1
    Location:
    Madison, Wisconsin
    Vehicle:
    2005 Prius
    Model:
    Two
    Kbb is not too far off for values.
     
    #2 ericbecky, Jan 1, 2017
  3. 05PreeUs

    05PreeUs Senior Member

    Joined:
    Oct 1, 2016
    1,097
    563
    0
    Location:
    MSP
    Vehicle:
    2005 Prius
    Model:
    N/A
    No DEALER uses KBB values, NADA is THE pricing source your trade will be valued on.

    Due to the low fuel prices and current new vehicle incentives, expect that even a dealer will sell many sedans for near the NADA trade value in this market, you are likely to be disappointed by what is offered for your car.

    Now, if gas prices jump to $3+/gallon, the intrinsic value of all hybrid models will increase dramatically and older cars may even double.
     
    #3 05PreeUs, Jan 1, 2017
  4. ericbecky

    ericbecky Hybrid Battery Hero

    Joined:
    Mar 12, 2004
    4,365
    3,209
    1
    Location:
    Madison, Wisconsin
    Vehicle:
    2005 Prius
    Model:
    Two
    They may use Nada but there isn't always a huge difference. Especially at such a low price range.

    Agree that the low fuel prices are keeping Hybrid values down.
     
    #4 ericbecky, Jan 1, 2017
  5. tampaite

    tampaite Member

    Joined:
    Jul 29, 2011
    230
    41
    0
    Location:
    FL
    Vehicle:
    2014 Prius
    Model:
    N/A
    2007_Grey_0101_2017_NADA.JPG


    I just checked NADA values as well - a little on the higher end but not sure if mine fits into the definition of "Clean Trade-in" or "Clean Retail"

    Looks like the trade-in value is about $3500(best scenario) at a Dealer since we were looking to buy a 2015 pre-owned or 2016 year-end sale model for trade-in.
     
    #5 tampaite, Jan 1, 2017
(You must log in or sign up to post here.)