Used Prius cost MORE than NEW Prius

Can anyone answer this?

I see a bunch of used 2012, 2013, 2014, etc used Prius Plug Ins for sale. The range from $23,000 to $29,000. The sellers say that is a good price they are selling for.


I go to the dealer asking about the Prius Plug In and they immediately say $26,xxx for a Brand New. 2015 Prius Plug In without even negotiating.


So, 2015 brand new Prius plug in for $26,xxx and $23,000 to $29,000 for a used Prius (image varies, few have minor dents, scratched paint in the bumper, damaged passenger side mirror, etc)

Why is new cheaper than used?

They only incentive I saw was $2,000 cash back for new purchases.

 

Thanks, based on the damage and huge price discrepancy, new looks like the way to go.

The only thing I don't like about new cars are 2 main things:

1. Huge depreciation once it is titled to an owner with continual huge deprecation for at least 3 years. Makes me feel like throwing money away when I should have bought "slightly" or "gently" used.

2. Always afraid to park near others cars for fear of door dings on your brand new car.

 

The Toyota website seems to down or not responding when I was trying to "build" a car, but from what I remember, the last time I was on the website, your only options were:

1. Base (with accessories (floor mats, cargo net, stuff) package with aren't worth much)
2. Advanced (I didn't check that one because that started at $35k, which is too much of a premium and more than I want to spend).

From what I have read on the Internet, my understanding is that the Prius plug in is equivalent to a Prius III or Three or 3 without the plug in portion (not sure which "3" it is or the correct way of typing it).

The price difference between the Prius 3 and Prius plug in has me debating whether I want a Prius (none plug in) or a Prius plug in with all the rebates, incentives, etc.

 

The HOV sticker, from my understanding, those come with the Prius plug in models.

As for the federal rebates, tax credits, etc, I am assuming those were available to the sellers when they bought their Prius plug ins, except depending on when they bought their cars, if manufacturers incentives were available.

The only incentives I see now are: $2,000 cash back on purchase, or 0% finance, not combinable.

There is also a lease incentive, but I am not looking at leasing at the moment, but if the resale value is that bad, I may consider leasing.


I used edmunds to price the used cars I was looking at.

One seller asking $29,000 for 2014 Prius plug in, looks like base, mentions nothing special. Looked up on edmunds and marked it a s "clean vehicle", imputed the milage:, result:

Private party sale: $23,283
Dealer retail: $24,507


Another selling a low milage 2013 Prius plug in for $21,500 with minor dents, broken passenger side mirror, scratched front passenger side bumper, result:

Private party price: $15, 960
Dealer retail: $16,844


Some of these sellers won't budge on the price.

 

Wow, an advanced model for $19,601 ! That is a deal!!!!! Congrats!

I am wondering if I wait longer or until the 2016 plug in, I may find the sellers becoming at least more negotiable.

 

Ya, I know what you mean.

The first door ding makes you feel the world is crashing down on you and you try to figure out when the heck did that happen trying to retrace your parking spots.

The first 1 door ding or search on the bumper are the worst.

 

Just to clarify: these sellers are asking for these prices, but I don't think they are getting any interested buyers.

Searching the Internet, I think I know why these sellers want so much for there cars. The MSRP was $32k and $39k back then. Toyota has since dropped the MSRP to $29k and $34/5k

These sellers owe more than what their cars are worth.

The people who say the resale values of their cars were so low are mainly the regular Prius owners (not plug in). I have seen of a lot those selling for pretty reasonable or low priced.

 

Yes, calif.

I thinking on not searching as hard for a plug in and wait until the 2016 plug in comes out so the price drops on the earlier models.

I also notice used cars at Toyota dealers and are pricing Prius higher to support their brand name while a BMW dealer wants the Prius off their used car lot and selling for less.

I see CARB help makes a decision when the car you are looking at is abound or near 100k miles.