Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Paying more than MSRP for (new) Hybrids, Depreciation/Value of used Hybrids

12526272931

Comments

  • KDHsyder,

    What does an ICE only Prius cost ? That's what we should compare the Prius too.

    The prius is not exactly anything, not really in the Camry class but almost, Not really in the Accord class but almost, Not really in the Civic class but almost, not really in the Corolla calss but almost. Do you comapre it to other midsize because it has a hatchbach which without it would be compact, Do you compare it to economy ? Do you compare it based on price? Do you compare it to other hybrids? Do you compare it based on perfromance? Do you compare it to other hatchbacks? Do you compare it based on features? It seems to have some luxury features: Xexon, smart card, Nav and some truly ecnomy features: no power seat, no sun roof, no fully dusk-to-dawn snesing automatic lights. So what do you call it a hatch-ecolux-hybrid class? Some compare it to a duck-billed platerpus

    MSRP pricing is pretty funny way to compare since the Prius sells at MSRP and all the others you compared it to are discounted.

    Again , I say the olny real car you can compare it to isd the non-hybrid version of the Prius, which doesn't exist.

    On a more serious note, is the pricing and option packages available for the 2006 Prius. When will they be available ?

    How about telling Toyota, that people want manual shift hybrids as an option!

    Cruis'n in 6th,

    MidCow
  • kdhspyderkdhspyder Posts: 7,160
    Pls MidCow..

    (2) The Prius has been around long enough to determine high battery replacement costs.


    A statement without supporting supporting facts. As of today most Gen1 Prius are entering their 6th yr of service with on average 70-90K miles. If any batteries or segments have had to be replaced the cost to the buyer is - ZERO! They are still under warranty.

    As you know from reading other posts -as I am sure you have - the entire battery doesnt fail all at once if it fails at all. The replacement cost per segment is about $100-150 each. This is a non issue at the moment unless you can provide data about significant numbers of Prius battery replacements.

    Your driving preferences are entirely your own. But unsubstantiated statements are not necessary.

    On the subject topic it is very difficult for dealers to get Prius' back in trade. Most preowned ones are given to other family members when the original owner opts for a new one or they are sold retail in the paper. We've had 2 this entire year.; an '04 and an '03. The '04 went for ~$20K ( pkge #2 ) and the '03 went last weekend for $18300 ( I traded it for $16900 + 600 reconditioning and Certification costs ).
    kdhspyder
  • falcononefalconone Posts: 1,726
    I'd say content wise, a loaded Mazda 3 is pretty close to the Prius. It even has heated seats and leather. It doesn't have stability control or smart entry/exit,CVT or a few other goodies. The Mazda 3 is a great little car. Unfotunately it gets HALF the mileage (on average) that the Prius gets. If the Prius was not available, I'd consider the Mazda 3/Volvo S40. Great little cars.
  • kdhspyderkdhspyder Posts: 7,160
    On a more serious note, is the pricing and option packages available for the 2006 Prius. When will they be available ?

    You are right of course that no ICE Prius exists. In this absence the best comparison is to a Camry/Accord/Altima due to the interior room ( passengers and cargo ), ride comfort due to its longer wheel base and speed ( same 0-60 as a 4c Camcord ).

    The Prius is sold at sticker but a similarly equipped Camcord is not far under sticker. If one wanted a Camcord with all the safety features of a Package 2 Prius the transaction price now is likely in the $21K+ range from a $22500 sticker price.

    I've seen the new package contents on the '06 which are being built as we speak. They will be shipped early next month to arrive on the WC around Thanksgiving and on the EC a few days later. I've heard that pricing will be announced at the end of OCT.(?)

    We already have quite a few orders for the '06 with prices 'To Be Determined' but with delivery specified for AFTER 1-1-06. I will keep you informed if I hear more. :)

    kdhspyder
  • kdhspuder said: " and speed ( same 0-60 as a 4c Camcord ). "

    Well actually that is way off! The Prius at best is 1.3 seconds slower and at worst 2.6 seconds slower

    Let's take an unbiased source Auto.ConsumerGuide reports:

    Prius ( auto) 10.5

    4-cyl Camry (auto) 9.2 (4-speed, 5-speed should be faster)
    4-cyl Camry (manual) estimate= 8.7
    4-cyl Accord (auto) 8.6
    4-cyl Accord (manual) 7.9

    Pricing right now on 2006 models on all iPriuss close to MSRP, But alreay Camry's and Accords can be had for less than MSRP and in six months closer to invoice. That is several thoiusand dollar difference.

    Again I ask , where is my manual shift Prius. Can I special order ? iwould be thier prototype tester.

    Cheers,

    MidCow
  • falcononefalconone Posts: 1,726
    Don't hold your breath. It ain't gonna happen. Buy a used Insight.
  • The point is there is not a car out there that is an investment. No matter how much, or little, you have paid for a vehicle you are never gonna get your money back. The best way to recoup some of your money is pay cash and drive the car until the wheels are falling off. If you don't have the cash, finance only for a few years and keep the car until the wheels fall off completely off.
  • falcononefalconone Posts: 1,726
    Hybrids are the only cars now that actually retain MOST of their value. That won't be the case for long. My sister's Prius has retained nearly 80% of the purchase value after 2 yrs and 35k miles. Not bad!!!!!
  • larsblarsb Posts: 8,204
    Used HCH, 2005 CVT, 15,000 miles on it, $22K purchased at the dealer.

    That's holding about 99% of the new value after 15K miles.

    What a crazy world !!! :D :shades:
  • aaron_taaron_t Posts: 301
    I agree. If you own a hybrid >2 years old, now may be a great time to sell it for top dollar and purchase a new one after Jan 1st.

    Does anyone know if a second owner is elibile for the 2006 tax credit or does this only apply towards first time titled?
  • snakeweaselsnakeweasel a Certified Edmunds Poster.Posts: 11,676
    One of the reasons that hybrids retain more of their value is that there is fewer of them. As demand goes up, demand goes up for the used ones too. Once the supply of used hybrids starts to catch up with demand you should see the resale values become more like non-hybrid vehicles in the mid term.

    The sign said "No shoes, no shirt, no service", it didn't say anything about no pants.

  • falcononefalconone Posts: 1,726
    I don't see that anytime soon. But who knows... gas is going down in price. We'll see. I couldn't care less about resale value. I intend to drive mine into the ground.
  • PF_FlyerPF_Flyer Pennsylvania Furnace, PAPosts: 5,854
    The last two post about hybrid batteries have been moved to the
    Hybrids: The Great Battery Debate discussion.

    Let's pay attention to the topics please.

    MODERATOR
    Need help navigating? pf_flyer@edmunds.com - or send a private message by clicking on my name.
    Share your vehicle reviews

  • gagricegagrice San DiegoPosts: 28,845
    The 2001 Prius was rated 9 Air Pollution and 9 Greenhouse gases, 4.0 tons of emissions per year.

    The 2006 Camry is also rated 9 SULEV II. It is going for somewhat less than the Prius. Also larger, faster and better handling.

    If being PZEV was such a priority for those buying hybrids. How many of you bought the 2000 Nissan Sentra that was rated a 9 with a CARB rating of PZEV. Hybrids do not have a corner on clean cars. At least 30 cars are available with a PZEV rating. They are not all strapped with a big hybrid premium.
  • falcononefalconone Posts: 1,726
    What do you consider a hybrid premium? Would that be the premium you paid on your sierra? The one that gets 16mpg? The Prius in general is a bargain with its content. I actually consider I'm getting value here!!!! Gotta love it!!! 10 weeks and counting.... Can't wait!!!!! GO HYBRID!!!
  • gagricegagrice San DiegoPosts: 28,845
    Would that be the premium you paid on your sierra? The one that gets 16mpg?

    That $1000 premium I paid may or may not have been a good deal. Only time will tell. If the truck had not had the 5.3L V8 that I wanted I would not have bought it. MPG was the least of my consideration. I like not having to waste money on smog tests. I like the quiet starts. Would I recommend this or any other hybrid to a friend? Only if they were so unfortunate as to have an extremely long commute every day. I do have a very useful truck for a lot less than you will pay for your Prius. I imagine the difference will pay my gas bill for the next 3 years. By that time some company will have a midsize PU with a diesel engine for me to buy.
  • falcononefalconone Posts: 1,726
    Sorry to burst your bubble but the Prius will be safer than a pickup.
  • I would venture to guess that a Prius is safer than a PU hybrid. I did the research. Anyone that bought a GM hybrid got ripped off. Plain and simple.
  • gagricegagrice San DiegoPosts: 28,845
    I did the research. Anyone that bought a GM hybrid got ripped off. Plain and simple.

    How many do you think they built? If anyone paid MSRP $36,900 I would agree. If they paid the TMV of $27k it was not a bad deal. I Paid a bit over $24k and think I made out very well for the truck I got. It is quite obvious that several of those posting are not familiar with the IIHS ratings on cars and trucks. They would find out that the insurance companies consider the GM PU trucks, some of the safest vehicles on the road. For me and millions of other Americans the only practical vehicle is a PU truck. I don't see anything in the Sierra class that compares power or mileage wise.

    And just like the Prius NO smog checks here in CA. 10 years from now my Sierra will be worth $7k to $8k and the $27k Prius will be worth little or nothing. You may have to pay to dispose of the batteries.
  • Very nice loophole to avoid the smog testing. I wonder why other car companies aren't that creative. In ten years time the Prius will be worth more than the PU because let's face it, the PU will be in the junkyard while the Prius will be cruising down 101. Gee... I wonder what the batteries will cost in your PU hybrid since they only made 300 or so. Shall we say paperweight material??
This discussion has been closed.