Hybrid cars lose value faster than other cars? Are they right or wrong?

Since they're so new and there's relatively few on the used market, it's hard to tell.

However, a 2003 Prius (which was an older-tech vehicle that looked like a $12K Echo) is thought by Edmunds to command $16K as a trade and $19,400 offered for sale on a dealer lot. I'm pretty sure they were under $20K originally.

That's a three year old car with 45K miles on it. Does that sound like really bad depreciation to you?

A 2003 Chevy Malibu (about $17k in 2003?) now goes for $7K as a trade-in and $10K on a lot.

A 2003 Chevy Impala (about $19k in 2003?) now goes for $8K as a trade-in and $11K on a lot.

This for all of those "dreamers" that make idle propositions about Hybrid Cars!

They have already corrected their (CR) error.

This for all of those "dreamers" that make idle propositions about Hybrid Cars!

How about the "Clinton News Network"?

This for all of those "dreamers" that make idle propositions about Hybrid Cars!

When you compare the trade value with the actual selling price when new, and not the MSRP, the value difference shifts to domestics since the domestics were driven home for 20% to 30% less. ;)

mike hunt

However, a 2003 Prius (which was an older-tech vehicle that looked like a $12K Echo) is thought by Edmunds to command $16K as a trade and $19,400 offered for sale on a dealer lot. I'm pretty sure they were under $20K originally.

That's a three year old car with 45K miles on it. Does that sound like really bad depreciation to you?

A 2003 Chevy Malibu (about $17k in 2003?) now goes for $7K as a trade-in and $10K on a lot.

A 2003 Chevy Impala (about $19k in 2003?) now goes for $8K as a trade-in and $11K on a lot.

This for all of those "dreamers" that make idle propositions about Hybrid Cars!

When you compare the trade value with the actual selling price when new, and not the MSRP, the value difference shifts to domestics since the domestics were driven home for 20% to 30% less. ;)

mike hunt

However, a 2003 Prius (which was an older-tech vehicle that looked like a $12K Echo) is thought by Edmunds to command $16K as a trade and $19,400 offered for sale on a dealer lot. I'm pretty sure they were under $20K originally.

That's a three year old car with 45K miles on it. Does that sound like really bad depreciation to you?

A 2003 Chevy Malibu (about $17k in 2003?) now goes for $7K as a trade-in and $10K on a lot.

A 2003 Chevy Impala (about $19k in 2003?) now goes for $8K as a trade-in and $11K on a lot.

This for all of those "dreamers" that make idle propositions about Hybrid Cars!