ANSWERS: 1
  • There isn't one strict formula for calculating depreciation for hybrids (market depreciation, that is. There likely is a formula for insurance purposes). As with any vehicle, it matters what they make and model is. (For example, Honda cars, in general, hold value better than Ford cars...and the same is true for their hybrid cars). Also, they depreciated VERY slowly and, in some cases, actually APPRECIATED a few years ago when there were so few. We wanted to buy one in 2004/2005 and could not FIND one! The used ones were selling for MORE than the list price. But, now that there are more hybrids on the market, the resale value is norming off a bit. Still, in general, the hold value very well. Here is a very thorough article that may help you: http://www.fleetfinancials.com/Channel/Remarketing/Article/Story/2008/01/How-Will-Future-Residual-Values-Impact-Hybrid-Lifecycle-Costs.aspx

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy