I realize that there are a lot of factors, but I'm curious on speculation on how well it will retain value. Assuming the car is reasonably maintained. I'm told that other hybrids' parts are hard to come by and are difficult to repair, so most of them will end up being junked once a problem significant enough will arise. I'm wondering if this is true for the Prius V?
$3k-$5k. By then it would be twenty years old. It has the same flawed engine as the gen3 hatchbacks. Even a quality rebuilt engine now would not help much in ten years but might enable the v to make it to 2033.
When the transition to EVs has still not occurred, hybrids will be prized, and you will have replaced the HV battery with a Lithium pack.
$500. Priuses were not built for long life - calendar or miles. The only reason used cars are expensive now is new production lines are still recovering.
poorly designed and engineered pistons/rings, egr system, brake actuator and inverter. along with a marketing department recommendation of 10,000 mile oil change intervals. a lot of this is happening in the first 100-150,000 miles, and a lot of blown head gaskets
i haven't read anything about other hybrid parts being scarce or the cars being difficult to repair, but i might have missed it. overall, toyota is probably the most reliable hybrid due to design and experience, but gen 3 was a disaster compared to previous or later generations. and in 10 years, you're going to have a model that hadn't been made in 15 years. not sure where parts will be at by then
As EV market continues to grow, resale of ICE cars will go down. Currently it is by an insignificant amount. In 10 years, my guess is, it will cut the resale value by a significant amount.
I'm not going to offer a number only because I can't predict inflation, the value of the money. But I am in agreement with other posters suggesting that it won't be worth much. Have a look at the valuations of currently-20-year-old large hatchbacks from Toyota to get some ideas. (cut to the chase: about 20% of MSRP for the cleanest ones) Also, a hybrid is not capable of holding value as easily as a simple gas car due to the requirement for periodically replacing the hybrid battery. A hybrid is really only worth its stated value with a working battery in it. It is worth much less with an old dying battery in it. Late in life, the cost of battery renewal can equal the entire residual value of the car. The true value of a hybrid is in preventing you from needing to buy as much fuel today, not a thing to save for later.
The average vehicle, especially rusted out in the snow belt, with 10k oil changes, "religious" dealership maintenance, underpanels dragging, engine held together by stop-leak, brake booster cycling contantly, aftermarket cat throwing codes, with a jelly-bean fly-by-night hybrid battery: the $500 token trade-in value.
the gen 2 had a pretty flawless run (2004-2009) despite whatever flaws it might have had, many, many high mileage gen 2 on the road
I saw someone rolling by in a 2nd gen this morning; thought I could do worse than to emulate that guy, make it last.
I have a 2013 with 209k miles. Oil changes every 5k. No oil burning at all and I had the EGR cleaned twice so far. I replaced the pack a few thousand miles ago. I’m hoping to keep it for another 5 years. Probably will be worth $1000 when I retire it. iPhone ?
