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Buying used: wait for 2016 release so USED prices will drop?

Discussion in 'Dealers & Pricing' started by Serval, Jun 26, 2015.

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Buy used 2010-2012 Gen 3 now or wait until after the 2016 model is released for best price?

  1. Wait for the 2016 release, prices will drop enough to make it worth waiting

    2 vote(s)
    28.6%

  2. Buy now, prices won't be much lower

    5 vote(s)
    71.4%
  1. Serval

    Serval Junior Member

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    Should we wait to buy a used Gen 3 until after the 2016 model is released? On other words, do you expect the prices of used models will decrease when the new model is released?

    My wife will have a long commute next year so we're selling the 2009 Matrix and upgrading to a Gen 3 Prius. I'm looking at several 2010 to 2012 used models, likely a III / 3 because she strongly prefers the OEM integrated Bluetooth connectivity (is there a great aftermarket option to install on a II / 2?). We can wait until December/January when the Gen 5 will be released (presumably) but ...

    This weekend I'm test driving a 2012 package 3 with 48,000+ miles. It's listed by a dealership in the Bay Area (California) at $13,999 but I hope/expect I can get it for closer to $13,000 + ttl. I may jump on it ... please convince me to buy now or to wait?
     
    #1 Serval, Jun 26, 2015
  2. bisco

    bisco cookie crumbler

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    yes! welcome to priuschat.(y)
     
    #2 bisco, Jun 26, 2015
    Serval likes this.
  3. Serval

    Serval Junior Member

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    So that's one vote for "wait" - right? Any experience with how much of a price drop I could/should expect? Or just more availability / choices?
     
    #3 Serval, Jun 26, 2015
  4. JC91006

    JC91006 Senior Member

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    time is what drops the price....not the pending 2016 model
     
    #4 JC91006, Jun 26, 2015
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  5. bisco

    bisco cookie crumbler

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    but there will be a lot of peeps slipping out of their current prius for the '16, so there will be more on the market. supply, demand and all that rubbish. hard to predict. if you find a good deal now, hat wouldn't be a bad move either. i buy at full list, so don't listen to me.:p
     
    #5 bisco, Jun 26, 2015
    Serval and Bill the Engineer like this.
  6. Bill the Engineer

    Bill the Engineer Senior Member

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    Why deny yourself the fun of only buying gas every other week whether you need it or not? Buy what you want now and enjoy it for an extra half year than you would have otherwise!

    Bill the Engineer
     
    #6 Bill the Engineer, Jun 26, 2015
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  7. TonyVH

    TonyVH New Member

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    Wait, you dont have to wait long 2016 model will be available sooner than 2016. They usually announce it in the fall and avail by Nov-Dec time frame. Im in the same boat waiting to strike a deal for Gen 3 once Gen 4 is officially announced.
     
    #7 TonyVH, Jun 27, 2015
  8. KennyGS

    KennyGS Senior Member

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    I would not wait, especially if a good deal comes along in the meantime. I don't imagine that the 2016 Prius' sales will be too high with the price of gas so low.
     
    #8 KennyGS, Jun 27, 2015
  9. mmmodem

    mmmodem Senior Taste Tester

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    2012 and up Prius come with bluetooth standard. You might have a better chance at $13k out the door with a model 2 than a 3. The difference is: 3 door sks vs driver door only, backup camera, and a really lousy Nav. I doubt a new model release will have much effect on a 3 year old car. Price drops don't usually trickle down that much. I'd buy if I got a good price now.
     
    #9 mmmodem, Jun 27, 2015
  10. Serval

    Serval Junior Member

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    Jumpin on it!

    2012 Three with 49,000 miles and full service records on clean carfax. Gray with perfect paint.

    $13,500 plus TTL = $14,892 OTD

    How'd I do?!?
     
    #10 Serval, Jun 27, 2015
  11. bisco

    bisco cookie crumbler

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    excellent, well done. congrats and all the best, enjoy!(y)
     
    #11 bisco, Jun 27, 2015
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  12. Serval

    Serval Junior Member

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    duplicate
     
    #12 Serval, Jun 27, 2015
    Last edited: Jun 28, 2015
  13. Serval

    Serval Junior Member

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    :)
     
    #13 Serval, Jun 27, 2015
  14. Serval

    Serval Junior Member

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    #14 Serval, Jun 27, 2015
  15. Serval

    Serval Junior Member

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    ;)
     
    #15 Serval, Jun 27, 2015
    bisco likes this.
  16. bisco

    bisco cookie crumbler

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    welcome to the club. (y)
     
    #16 bisco, Jun 27, 2015
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  17. Serval

    Serval Junior Member

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    Next: interior LEDs, detail it, then ... what mods are next on the basic/under $200 list? Very excited about this and VERY thankful of your quick and informative help!

    Thanks again and again!!!
     
    #17 Serval, Jun 27, 2015
  18. bisco

    bisco cookie crumbler

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    i'm not a mod guy, but there are a ton of threads here.
     
    #18 bisco, Jun 27, 2015
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