The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: capital on January 31, 2015, 04:26:17 PM
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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."
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Not that I've noticed. Used Prius prices in general have seemed reasonable for the last year or more.
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Not anything unusual:
http://www.cargurus.com/Cars/price-trends/Toyota-Prius-d15
Data is fun!
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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.
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Not anything unusual:
http://www.cargurus.com/Cars/price-trends/Toyota-Prius-d15
Data is fun!
That site is awesome!
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Be careful with used hybrids. The hybrid batteries will eventually give out and replacements can cost several thousand dollars.
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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.
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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.
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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.
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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.