Prius is a fast depreciating piece of technology!

My car depreciated 8-9 K the first year. The first 2 years it's a big hit then it slows

 

Should have kept your original car. First two years are the worse when it comes to depreciation. It doesn't matter what vehicle it is. Obviously rare exotics don't fall into this category.


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Course they're going to try to buy it for a lot less than they'll turn around and sell it for.

Have you priced out what you could get for it in private sale?

Lots of 2010 Prius II CL ads, dealers asking 15, 16, 17 up to 19k for Prius II, 2010.

 

For a dose of reality, go look up Blue Book values on other vehicles... like Camry. You're in for a surprise. They all take a major value hit early on.

 

I could probably pull $18k+ private sale out of my 2011 III which is just shy of 19k miles ....

but I'm not and I'm actually getting along with it better these days .... what a relief cause the thought of selling a 2 year old car is a very bad thought.

 

As far as I know, Prius is among the slowest cars to depreciate. Check your VA car tax valuation. Mine is still about $8600 for a 2006, and I have to use 15-16% depreciation in my equations to match that (which is very low). A few years ago Consumer reports article said Prius was the most slowly depreciating car. Many of the Toyotas depreciate very slowly which is bad news from a VA property tax perspective, espcially in NoVA.

 

Well first you are comparing a vehicle with a legendary ability to hold value in the Taco. Second, if you think the Prius is bad, look at anything else. Prius is one of the better cars for depreciation. Not much can touch a Tacoma though.

 

Whew!! So glad to hear that.
...yesterday someone wrote in a thread that they thought you had already one foot the new Honda Accord PHEV.

 

One foot into one of those in my dreams .... no, gotta keep this Prius for the long haul.

 

Please don't tell me that you expected to trade roundtrip from vehicle A to B, then B back to almost-identical-to-A, through dealerships, and not take a big haircut. The dealers aim to make a significant profit from each of the 4 transactions, and it all comes out of your wallet.

 

The second your new car leaves the lot, it drops in value by double digit percents. Seriously. Take your brand new car that you just bought, drive out the lot, make a u-turn, and try to trade it in. It is now a used car. The dealership will buy it back from you at wholesale value, and sell it to someone else for markup. So expect 20% to 30% of the value to evaporate the second you sign the contract on a brand new car.

Trading cars every few years is fun, but you will never save money doing it.

 

^^^^^^
I agree

 

Every car looses a fortune in the first 2-3 years and if you buy a car that it 4/5 years old, you can get it for half price sometimes. I tend to buy cars that are over 4 years old so that the bulk of the depreciation has already occurred

 

Buy low, sell high, we're no different. Every chance I get.

 

Ah, I love it when a plan comes together, err, you don't by chance work for the post office?

 

when gas prices go up, you won't want the truck anymore.

 

2011 Toyota Prius III 38k miles like new white pearl non-smkr AUX MP3 Owner asking $15k for 2011 Prius III w/ 39k miles and SALVAGE TITLE

2011 Toyota Prius III Dealer asking $19k for 2011 Prius III w/nav w 45k miles, clear title

Black 2011 Toyota Prius II Hybrid - CERTIFIED PRE OWNED CPO Certified 2011 II w 32k mi asking $18k

2011 Toyota Prius 5dr HB II Cetified 2011 II w 78k mi asking $18k


I'm not seeing Prius with low resale. Resale is pretty good!