Author Topic: Are used Prius prices crashing?  (Read 4088 times)

capital

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Are used Prius prices crashing?
« on: January 31, 2015, 04:26:17 PM »
Just curious. I don't have a car and don't need one. But it seems like it might be a good time to buy a used Prius, since a lot of Prius owners are probably thinking 'THANK GOD NOW I CAN BUY A SUBURBAN AGAIN."

JLee

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Re: Are used Prius prices crashing?
« Reply #1 on: January 31, 2015, 04:36:10 PM »
Not that I've noticed. Used Prius prices in general have seemed reasonable for the last year or more.

Mr. Frugalwoods

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Re: Are used Prius prices crashing?
« Reply #2 on: January 31, 2015, 04:44:38 PM »

RapmasterD

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Re: Are used Prius prices crashing?
« Reply #3 on: January 31, 2015, 06:01:03 PM »
Because I don't believe Prius users are the kind of folks that will be dumping their cars en masse to buy gas guzzlers just because of a temporary price drop, I don't subscribe to the theory.

More plausible is a better market for used cars, overall, starting in about three years -- as the increasing supply of new cars begins to hit the used market.

From the Great Recession, annual U.S. new car sales are now up -- what? -- close to 70%?  Assuming 25% of cars sold are leased PLUS typical owner fatigue after 5 years of ownership -- that alone could change the supply/demand construct of the used market.

Jack

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Re: Are used Prius prices crashing?
« Reply #4 on: January 31, 2015, 08:57:50 PM »

llorona

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Re: Are used Prius prices crashing?
« Reply #5 on: January 31, 2015, 09:17:31 PM »
Be careful with used hybrids. The hybrid batteries will eventually give out and replacements can cost several thousand dollars.

kendallf

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Re: Are used Prius prices crashing?
« Reply #6 on: January 31, 2015, 09:20:59 PM »
Anecdotally, I am noticing a price drop on used Priuses (Prii?) around here.  I just bought another (a 2004) for $4900. 

Be careful with used hybrids. The hybrid batteries will eventually give out and replacements can cost several thousand dollars.

There are loads of Priuses running around with 200k-300k on the original HV battery.  Remans are available for $599.  It's just not that big of a deal.

capital

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Re: Are used Prius prices crashing?
« Reply #7 on: February 02, 2015, 08:55:03 PM »
Be careful with used hybrids. The hybrid batteries will eventually give out and replacements can cost several thousand dollars.
My parents' is motoring along with no problems, nearing its 11th birthday.

MicroRN

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Re: Are used Prius prices crashing?
« Reply #8 on: February 02, 2015, 11:11:00 PM »
Be careful with used hybrids. The hybrid batteries will eventually give out and replacements can cost several thousand dollars.

I lucked out with my '04 Civic Hybrid.  I bought it used, and the battery died right before the battery warranty ran out.  Brand new battery, $0 out of pocket, and it should last quite a while longer. 

RapmasterD

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Re: Are used Prius prices crashing?
« Reply #9 on: February 03, 2015, 12:26:12 PM »
Anecdotally, I am noticing a price drop on used Priuses (Prii?) around here.  I just bought another (a 2004) for $4900. 

Be careful with used hybrids. The hybrid batteries will eventually give out and replacements can cost several thousand dollars.

There are loads of Priuses running around with 200k-300k on the original HV battery.  Remans are available for $599.  It's just not that big of a deal.

Agreed. And even IF replacement batteries cost a few thousand dollars, so what. With a Prius, there is so much routine maintenance you're not paying for -- e.g., far fewer brake jobs, and no timing belt/chain replacement are just two examples.