Bought a 2019 Prius Prime Advanced in February. Paid right about $33K plus tax, license, doc fees, etc. for a total of $37K (this is California -- thank you 10% sales tax rate!) I get the $4.5K federal tax credit and got a $1k rebate from SCE, but I don't qualify for the State rebate. So my "out the door" cost after credits / rebate is $31.5k I've heard of people trading in 2017's for 2020's for "virtually no cost", but if I buy a new 2020 I'd be paying another $37K. And trade in value is right about $25k per several dealers and CarMax. While I might get $27k or $28k from a private party sale, that's still quote a loss to eat. So how is anyone trading in while not taking a huge loss?