Say BYE BYE to our resale!

I imagine the tax credit will be less of a factor by the end of July, or perhaps September when it assumedly will be reduced by half. (It phases out after Toyota sells 60,000 hybrids -- any model.) Unless you are planning to sell this year, I wouldn't expect it will have too much of a negative impact on your resale value.

 

I was planning on at least 7-10 years out of my Prius, unless I win the lottery and get a newer one.

39,000 as of the weekend, and no unplanned visits to the dealer yet...

 

This isn't a "natural" drop in resale value by any degree. It's one caused by a change in tax code. Toyota's not at fault here... blame the federal government.

I completely agree with Evan. If you bought the car with the only intent to sell it right away, like you describe, then why on earth didn't you sell it a few months ago when it was at it's peak?

Wait until the tax credit runs it's course, which should be through by the middle of next year, and the resale price on ALL Prius MYs should go back up.

I personally intend to drive this car for as long as I can. It makes no sense buying a new car every few years to me.

 

Eh... i think your line of thinking is rather idiotic, if you ask me. You're just b*tching and moaning about what happens every single frickin year around the end of the year for EVERY make and model car. New models come in, old models go out.

The drop in resale value is artificial. As the supply of all Prius MYs dries up again, it will go back up.

If you can think past the next 2 weeks, maybe you'll realize that.

If not, then by all means set your car on fire and maybe you'll recoup more money through insurance .

 

Am I the only one that got a $2,000 tax credit for buying my 04 ?
So now the credit is $1,100 more, no big deal.

 

Yikes! Selling a car after a year and a half! I don't even get fully used to a new car for about 3 years. I've just gotten pretty much used to my other car - a /95 Tercel that I've had for 10 years and 145,000 miles. I like my 2005 Prius so far, but I won't know whether it is a good car or not until 2015. I will be very happy if it is as good as the Tercel. 10 years of driving a car is real; everything else is just hype.

 

You got a $2000 tax deduction, not a credit. From that deduction, you saved at most around $500 in you Federal Taxes. People who get the credit will save $3100 in their Federal Taxes.

 

I have had to change vehicles in under 2 years since 2000 and I can't imagine wanting to it. There is a loss in value in any rapid turnaround. I enjoy my Prius and will keep it until my daughter and son-in-law return from Italy and steal it from me. Then I will probably get another one because unless Toyota completely loses its' sense of direction, their vehicles will always have great resale and long lasting dependability for folks who want to sell and for those who want to keep. It is a win-win situation as far as I can see!

 

Well, it's the best way I know of to keep that new car smell

 

"resale value"? Sheesh. You should have bought a '65 Mustang or an old Jaguar instead.

 

Ozium Air Sanitizer- New Car Smell

However:
New-car smell is going away: It's no good for you

New car smell linked to cancer
BBC News - Wednesday, 19 December, 2001, 12:28 GMT

Enjoying the smell of a new car 'is like glue-sniffing'
News.Telegraph
(Filed: 15/01/2003)
By Charles Clover, Environment Editor

 

There is probably motivation behnd the twisted logic.

"Appearances aren't everything...they're the only thing"

(with apologies to Vince Lombardi)

 

What person in his right mind sells a car after a year and a half? You deserve what you get. You should have never bought the car. Geez....

 

:lol:

Well, I did say best way to keep the new car smell, not the cheapest! B)

Anyway, I love the smell of VOC's in the morning!

 

and the answer is.... REMAX Manager!