higher pre-own value of the Prime once Tax incentives is over?

Discussion in 'Prime Main Forum (2017-Current)' started by dvu, Nov 19, 2016.

  1. dvu

    dvu New Member

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    Pure speculation but I assume when Toyota maxes out on their tax incentives, the price of the used prime will be higher since new users aren't getting any tax incentives?
     
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  2. bisco

    bisco cookie crumbler

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    that's a good point, i haven't heard it brought up before. unless toyota can get the price down even more by then.
     
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  3. Trollbait

    Trollbait It's a D&D thing

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    The price of all used plug ins should come up when the incentive ends. Assuming the new model hasn't become cheaper, and/or better range.
     
  4. wjtracy

    wjtracy Senior Member

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    The thing is unless they sunset the incentives, Toyota has many years of sales to go. Normally plug-ins are not holding value too well (maybe Teslas are) partially due to incentives. So this is quite wishful thinking.
     
  5. JimN

    JimN Let the games begin!

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    The premise is The Market will pay more (the tax credit amount) for the new vehicle once the credit expires (many years from now based on current sales). If the manufacturer has to put the same amount of cash on the hood to move inventory the used car market won't be affected.

    There are two things working against the used EV market. First, the older the battery, the closer it is to needing a replacement. Second, as the performance of new vehicles improves no one is going to want to buy the older one without a deeper discount.

    What's a 2G phone worth? A 3G phone?

    For a Prime or an EV to hold value either the supply would have to be cut unexpectedly (like after an earthquake) or gasoline prices would have to spike (hurricane damage to refineries or damage to oil fields).
     
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  6. bisco

    bisco cookie crumbler

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    or you would have to sell/trade it before age became a concern and competition came along.
     
  7. Susan4ET

    Susan4ET Member

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    In Oregon it doesn't appear yet there are any tax incentives/rebates for the Prime. Confused on this. Yet we have no sales tax so that is something.

    Bend dealer has sold some but needs to come up to speed. No brochures except online. My Prime total price (MSRP) is at $35,084 but that does not include any maintenance package (to my knowledge), licensing, taxes, rebates, incentives, etc. What happens by January? Who knows? Patience or missed opportunity? Thank you.
     
    #7 Susan4ET, Nov 22, 2016
    Last edited: Nov 22, 2016
  8. wjtracy

    wjtracy Senior Member

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    Susan I see no OR incentives but tax free is important benefit.
    Federal benefit you would get about $4500 tax credit.
    I see no issue waiting til January, except some want to claim the Federal benefit this year.
    Right now supply is tight for the early sales. I'd expect more deals especially next Fall.
     
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