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hot markets to sell an 04?

Discussion in 'Gen 2 Prius Main Forum' started by magicguy, Jan 8, 2006.

  1. magicguy

    magicguy Junior Member

    Joined:
    Nov 2, 2005
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    Location:
    West Point, NY
    Vehicle:
    2006 Prius
    Any suggestions on what markets I should post my car in to sell my 2004?

    I've been trying to sell it on Autotrader and Carsoup for a few months, and recently I put it on Craigslist in Albuquerque where I live, plus LA and Denver.

    I'm wondering if there's an area where I should try to post it on craigslist that might get a better response.

    My car is pkg 5, 21k miles, like new, super clean. I'm asking 22,450 negotiable, and dealers around here are asking 25k+ for same package/year with more miles, so I think my price should be ok.

    Thanks for the help,
    John
     
    #1 magicguy, Jan 8, 2006
  2. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    Location:
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    Persona
    i think i would look at areas that dont have as much supply. both coasts seem to get the larger allotments, so i might look at larger interior cities. i hear about year long waiting lists for places like Iowa, and such.
     
    #2 DaveinOlyWA, Jan 8, 2006
  3. Springtime

    Springtime Member

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    Location:
    Eastern PA
    Ask yourself what are the advantages to the buyer to buy from you. It may be lower than the dealer offered price - but, if there is a problem the buyer can go back to the dealer for satisfaction. The dealer may offer a warranty on the car and is just easier to find if a problem should develop. So there is a reason why the buyer might choose paying a little more and buying it from a dealer. The dealer may be able to offer financing and be willing to take a trade in - something you are not prepared to do.

    The next problem as I see it is the availability of a federal and possible state tax credit which becomes available to the buyer to buy a new 2005 or 2006. I am not sure what was in the 04 pkg you have, but, the new 2005's are selling here in PA for $1000 to $2000 off of MSRP depending upon the package.

    Lets say a potential buyer has a budget of 24K plus tax and tags. He could buy an 06 pkg #4 for $24K and end up paying $21K after the tax credit. He could buy a new 05 pkg#4 for about $23K and end up paying $20K after the tax credit. He could buy your used 04 pkg #5 for 22.5K.

    So which would you choose? A new 06 for $21K, a new 05 for $20k or a used 04 with 21,000 miles on it for $22.5K? You see the problem? A better net price and the dealer will provide financing and accept a trade in.

    What has the dealer offered to pay you to trade it in on an 06?

    Springtime
     
    #3 Springtime, Jan 8, 2006
  4. Florida Prius

    Florida Prius New Member

    Joined:
    Dec 29, 2005
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    Location:
    Lake City, FL
    Vehicle:
    2006 Prius
    Like Dave says...... Try Minneapolis. Last I heard there was a 12 - 15 MONTH wait for a Prius. But, that was back in October.......
     
    #4 Florida Prius, Jan 8, 2006
  5. paprius4030

    paprius4030 My first Prius

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    Location:
    York,Pa.
    Vehicle:
    2012 Prius
    Model:
    Two
    I'd try to peddle it to a good reputable used car dealer in your area. Wehave a guy here who has built up a great business and a good reputation selling used cars and he always pays well above what a dealer pays on trade in. Somebody like that in your area may just love to have a used Prius to sell.
     
    #5 paprius4030, Jan 8, 2006
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