COVID + high fuel prices. How much is my car worth?

[freebeard]

www.oregon.gov/deq/FilterDocs/EV-ChargeAheadRebatevehicles.pdf

Arcimoto is first on the list, before Audi. ElectraMeccanica follows in alphabetical order.

[JSH]

Originally Posted by Isaac Zachary

Looking at Kelly Blue Book, the Prius is supposedly worth around $2,800, give or take $1,000 in fair condition. So I may be able to make a profit off of it if I can sell it. But that amount is less apealing as I have to still compare that with the value of owning a second car. If the Avalon died for what ever reason (like gets hit with a snow plow while parked) then renting and/or finding a temporary replacement would add up past the $1,800 profit.

I wouldn't believe KBB for a second in this market. This is what an early 2nd gen Prius is being offered for near me.

[Isaac Zachary]

So if I fix the cosmetic flaws on it (needs a front bumper more than anything) and the obvious mechanical problems (loud wheel bearing, which I just need to install) it may go for $5,000 or more. The check engine light will be on though since it has a dead cat.

That would be nice though if I can sell it for that. It would almost make me feel sorry for the guy who let me talk him down to $300.

[freebeard]

The buyer just ponied up and drove away in the Dasher. He says he's already turned down offers of more than he paid, but he says he's never going to sell it. If true, I found a good next owner.

The funds will go into a separate account earmarked for the MLM, which ships in Q4. I will be on the West side next week and throw down another $100 reservation.

[Isaac Zachary]

One other thing to throw into the calculation, I save around $35 per month for having two cars. Yes, my insurance payment goes down when I have two cars because the multi car discount is more than the cost to insure another car...

Of course it will take a lot of months for $35 to equal some $5,000 or $7,000 or so.

[freebeard]

I don't know the MSRP on the MLM yet, but 6+ months of savings plus some out-of-pocket should cover it.

And the FUV is back on the table (with the Oregon rebates post 1 Jan). I was talking to the Dasher previous owner and he's watching Beetle prices. What is COVId pricing on the Metro XFi? NADA book value says $475 - $750 - $1100.

[MetroMPG]

It's not JUST supply shortages driving up car prices. Higher fuel prices are adding to the demand of some vehicles.

I could easily sell the beater Mirage I picked up last summer for 2-3 times more than I paid for it (admittedly I got an unusually good deal at the time).



The Mirage has the distinction of being one of the used cars with the biggest increase in price on a percent basis:

The Price of This Used Car Is Up 50% in a Year - 24/7 Wall St.

[MetroMPG]

PS: And no, I'm not planning to sell it.

I'm busy with other things, and am not motivated by the potential profit.

[oil pan 4]

I could sell my leaf for more than what I paid for it. I don't want to know how much because I might sell it.

[Snax]

I've been struggling with this one lately as well. Shortly after purchasing my i3 3 years ago, I was laid off and have not returned to work - which means I hardly drive anywhere anymore. I've driven less than 6000 miles in that time!

I feel like prices right now are my hedge against normal depreciation. I really like the car, but having a hard time justifying keeping it against that!