Quote:
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Originally Posted by worthywads
. . . Looking at Kelly Blue Book I compared Suggested Retail Value for a 2003 HCH and HC EX, each with comparable options and 45,000 miles.
The Hybrid was $19,855 and the EX $16,080, Difference of $3775.
If the CR's premium of $4000 is correct then the Hybrid had additional depreciation of $225 dollars, not $2900.
Is that right?
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There are four numbers needed:
HCH purchase price
HCH blue book price "n" years later
HC EX purchase price
HC EX blue book price "n" years later
Let me give you an example using the 2001 Prius and 2001 Echo. In 2001 we had to choose between a 1500 cc Prius and a 1500 cc Echo:
$21,000 - Prius 2001, new purchase price
$09,500 - Prius 2001 Ebay "Buy it now" (117,445 miles) #4616782257
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$11,500 - depreciation(*)
$14,200 - Echo 2001, new purchase price (ours)
$06,800 - Echo 2001 Ebay "Buy it now" (77,388 miles) #4618008441
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$07,400 - depeciation
Prius depreciation cost higher, $4,100(*) over 5 years . . . CR reports $3,200. Off but within the same order of magnitude.
Good luck!
Bob Wilson
* - First pass made a $1,000 error in Prius depreciation.