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Originally Posted by abowles
Comparing dpereciation amounts for 2 cars with a 40,000 mileage differential between them is not supportable in any shape, manner, or form. The results will always be falsely skewed due to the original false premise that the cars are equal. Show me an Echo with 117,000 miles and let's see what the difference is.
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Ebay was handy and only one 2001 Echo was listed and one 2001 Prius. I tend to prefer Ebay since it represents real deals.
If you prefer blue book value, their web page lets you normalize the cars. The only problem is finding a Blue book deal:
12,000 mi/yr * 5 years = 60,000 mi.
$08,860 - 2001 Echo suggested retail price
$16,250 - 2001 Prius suggested retail price
24,000 mi/yr * 5 years = 120,000 mi.
$07,250 - 2001 Echo suggested retail price
$13,500 - 2001 Prius suggested retail price
As for new prices in 2001, we priced both locally in Huntsville and bought the Echo:
$14,200 - 2001 Echo purchase price
$21,000 - 2001 Prius offered price
Bob Wilson