In this instillment of The Prius Diaries...
I sold P4, the 4th Prius I ever bought. Purchase is detailed on page 6 of this thread. Salvage vehicle w/188k at purchase and on the road fully mended for under $1000 (which is a sentence from another time and another era.)
I had kept this car as a back-up car in the fleet. It was a great runner
In Aug 2021 (or 10 months ago) the ABS actuator failed at 210k. This causes the car to have rear brakes only. I had not driven it since and generally I was treating it as my parts car. I had taken the great tires from it and installed them on P1 for when I sold it in Jan 2022. I left this P4 sitting on some crappy tires from P6, the $500 Prius that had flat spotted tires. I had also taken the good 12v battery. I had taken a good tail light and left a tail light with bad leds. I had taken to good factory radio an left a radio with a bad dial for changing stations (but seek still works.) The windshield has a minor crack, low and out of the way. The AC stays cold for about 6 weeks if you hit it with a can of R134. Four cans at $5 each ($20) was cheaper last summer than actually fixing it.
In positive attributes... The cat was genuine original. The front struts were very new. The RF wheel bearing was very new. The car had a good (but original w/ 210k) hybrid battery.
A friend of the family nagged me to sell them the car. I reluctantly decided the following values:
$500 factory cat (maybe low)
$500 hybrid battery (maybe high)
$200 struts (new at $100 each)
$100 wheel bearing part
$1300 total
$500 additional for the rest of the car
$1800 is what I told the family friend I would sell it to him for. That $1,800 was what it was worth to me to keep the car.
Six weeks have past and this 20-ish kid of a friend has still not come through. This is the car he needs to go with his F150 but it seems to not be the car he can afford.
So, as a little experiment, I decided while I wait for the $1800, I'll post the car on FB for what I see as "crazy money" I came out at $3400. This generated some buzz but all the inquiries were offers for $1000, $2000 and even $2500. I declined them all since I had $1800 in the back wings, maybe. I did then have a written offer of $3,000 which I accepted. The guy never replied again. As banks closed Saturday, I moved my price to $3,000. My intention was to get the guy with the $3k offer running. No one came Sunday but there were some question. Net result, I had two people who wanted to see the car Monday after work. The 6:45 guy bought the car. The guy intended to arrive at 7:45 was pissed when I text him at 7:15 to say it sold. $3,000.
Used ABS actuators run $300-$500 and they are a common failure point. Its a big job. Sample repair video. Another video. I could have easily had $500-$1500 into the brake job. lets say I spend $1000 to make the car road ready, it might still only sell for $4,500 or net $3,500 which is how I got to my $3,400 asking price. But then to be up to my standards it still needs
$75 replace worn rear drums/shoes
$400 tires
$200 battery (12v)
$40 rear latch trim
So, the car could need nearly $800 more. That leaves my buyer at $3000 with the potential of spending $1k- $2k more to make the car great = $5k or what a 2004 (18 year old) Cleveland market car with 210k (and still an old hybrid battery) tends to retail for. But, that is "if you can find one." So, "roll your own" seems to be the way it has to be done in this market. It's a crazy new world.
If the buyer is a very savvy shopper, and doing all the work himself, he could have a driver for $4k net.
TLDR:
Bought nearly 3 years ago with high miles and some minor problems for $648 and $882.50 with problems fixed.
Sold 3 years later with 22k more miles and far greater problems for $3,000