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04-16-2007, 01:38 AM #1
- Join Date
- Apr 2007
Questioning the Re-Sale Value of Hybrids
I am thinking of buying a hybrid for the first time (either Honda or Toyota). The salesmen all tout "re-sale value" but this seems illogical. Even after disregarding the maintenance problems noted by previous writers about the Accord Hybrid, it seems logical that after five years a hybrid will sell at a discount to a regular vehicle by the cost of a new battery (which could be quite expensive to get a compatible battery at that time). And since you pay a premium to buy a new hybrid in the first place, the annual depreciation on a hybrid has to be more than for a conventional car. And who wants to pay several thousand dollars to get his five year old car up to a saleable condition by putting in a new battery system? Is my reasoning faulty?