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Used Prius price decline

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Posted by Ike on March 31, 2009, 2:45 pm
 
In Southern California, a 2007 with nav can be bought for $6k, and
other used Prius prices are proportionate. As another benchmark, a
low-mileage 2004 in perfect condition just sold for about $2.5k.

I acknowledge the drop in gasoline prices, but that factor alone does
not explain what's happened to The Car With The Highest Resale Value.

???

Posted by greenpjs on March 31, 2009, 4:53 pm
 
wrote:


$2.5 for a 5 year old car is a lot of money.  Check out a 5 year-old
SUV and see what percentage of the original price they now sell for.



Posted by Ike on March 31, 2009, 7:57 pm
 greenpjs@neo.rr.com wrote:

Yes. But only a few months ago the going rate was $6k or more,
depending on mileage/condition. The fall since the new year has been
precipitous.

Perhaps the forthcoming Prius? The economy? The Honda Insight?

Posted by Michelle Steiner on April 1, 2009, 12:07 am
  greenpjs@neo.rr.com wrote:


Not really; I got $5.5 for a five-year old Acura five years ago.


That has very little, if anything, to do with the price of a used Prius.  
Prius holds its value better than just about any other car currently
produced.

--
It's now time for healing, and for fixing the damage the GOP did to America.

Posted by Cathy F. on April 5, 2009, 1:19 am
 

Depends on the car.

  Check out a 5 year-old

The Prius has held its value relatively well because there are few used ones
available - people love them & hold onto them; whereas an SUV...

Cathy




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