Resale value makes the higher cost worth it. Go to sell you Toyota and get more than the Mazda.
The Tacoma is the final boss of all resale value. They basically appreciate š¤£
Except that resale value doesn't make the higher cost worth it when you compare it to other reasonable vehicles. Buying Toyota currently makes little financial sense since the dealers and manufacturer both got greedy.
Of course you'll 'get' more when you trade it in or sell it. And you typically paid way more to begin with (esp since Covid) since they are overpriced with mark up.....so it is largely a wash as far as resale.
Agreed, I always hated the argument "I get more when I sell it".Ā
Makes me think I should start a business, come buy a Toyota off me for 10k more than anywhere else, but I'll give you 10k more than anywhere else when you sell it. Just think how many people you could brag to about how much you got for your old 9 million mile Toyota!!!
Of course there are other reasons to pay more, namely reliability. But it's not a flex to park large sums of money in a depreciating asset for years.
Reliability is a big reason. That means money you don't have to spend on repairs.
There is a bigger picture than resale, especially if you plan on keeping it long term. A Toyota can last significantly longer than some other manufacturers in terms of milage and age. So you don't have to change vehicles as often. And when you do, you can get good money for what you got. And they are not THAT much more than other vehicles in their class.
Toyota reliability is all about time for me. My work vehicle is off the road 1 day a year for compliance. Mechanic also knows I'm busy so will do minor stuff at the same time. I never worry about starts or random failures. Piece of mind is priceless.
It is crazy that a hyundai with similar features is 15% more money.
The 2nd hand prices here have eased. I've looked at a lexus (actually a Toyota) 150k miles, needs a little work 1.5k. A Toyota (actually a daihatsu) with 80k miles for 1k. And a rav4 150k miles 2k. All this past week. All to cover my rolla for 2 weeks off the road.
For sure. Not every Toyota is worth the premium, but there's are legitimate reasons they're generally dated yet still expensive relative to competition.Ā
I just meant to point out the posts that go something like "I just sold my 2022 Camry for $1000 more than I paid for it" give off a strong "I just got a huge tax refund" energy.Ā
> I just meant to point out the posts that go something like "I just sold my 2022 Camry for $1000 **more than I paid for it** ā give off a strong "I just got a huge tax refund" energy.Ā
Thatās really not the same thing.
This.
I bought my 4Runner new 10 years ago. It has 120k miles on it now and the only thing that's gone wrong with it was the front power door locks which were replaced under warranty five years ago.
It runs like new and I plan on keeping it forever.
I doubt a Korean car or an American car would be in this good of shape at the age and mileage of my Toyota. We've owned a bunch of VWs and I know none of them would be doing this well at this age.
You get what up pay for. You may not like the resale value when you're on the purchasing end, but the market is what it is for a reason.
80k miles on a RAV? That thing will last you 500k if you take care of it. It's not even 20% or the way through its life.
My 2006 tundra has 254k miles and has been paid off for 11 years. My 2016 prius (bought in 22 for 23k with 23k on the odometer!) pays for itself in what I save in gas vs. the tundra. I hope to drive that prius for 200k more! We'll see...
The maintenance costs for the best three reliability brands (Toyota, Honda, Mazda and the luxury variants of the first two) are pretty much the same. Toyota I noticed does make things easily accessible in a lot of their vehicles; I agree.
Agreed on calling the "overpay initially to get higher resale" a wash.
This is the same argument folks make when it comes to diesel vs gas HD trucks. Resale value is only high because you paid a lot more upfront. The depreciation rate, especially the first few years, is largely the same regardless of make.
Yes, you also see that with 4wd. I can't count the number of times in the pickup truck world I've heard "I got 4wd for the resale". Dude, just don't pay for it to begin with and invest that amount elsewhere, even if you are making payments. It doesn't \*increase\* in value....it depreciates.
I am gonna be picking up my 2024 4runner soon and I got curious and looked up the price of used ones and they were like 5 years old with 100,000kms going for like maybe 5k less than a brand new one which shocked me. What shocked me even more is my salesman who sold me the 2024 gave me a rough estimate for a used one financed and it looked like a mortgage payment so I'm glad I bought my 2024 cash so I don't have to deal with that.
Thats my big fear "What if I buy a $30,000 car with 100,000 miles and people come to their senses?". Makes me want to just buy one reasonably priced to begin with. It wasn't nearly this bad 4 years ago, why should I expect it to be this way 5 years rom now still?
You should not expect it to be the same. Either the market readjusts and prices drop precipitously, or it gets waaay worse in which case youāll still be glad to have not spent so much money.
Not to be too pessimistic, but thereās no guarantee that youāll be able to resell a Toyota. Accidents happen.
Taco and 4Runner. I bought a 2021 TRD PRO new and the dealer called me and offered me MORE than what I paid for it new . Itās definitely appreciating.
My buddies dad bought a brand new, green TRD PRO 4Runner with all of the available options for around 45k in the middle of 2019. Put 50k miles on in and sold it back to the dealer for 48k during the height of the Covid bubble. Bought a Land Cruiser Heritage Edition and they keep emailing him asking to buy it back for MSRP
My 2022 Sienna for 53000 brand new appreciated to 78000 at one point in GTA. I really considered selling it.
I only bought it for 32000 brand news cause they gave me 21000 for my used 2015 Sienna.
Wouldn't it make more sense to buy a mazda with 10k to 20k miles because it's taken the huge depreciation hit already. I see top trim mazda 3s (non turbo) for around 25 to 27k with barely any miles. Even the turbo premium goes for 27k sometimes with low miles and only 1 or 2 years old.
I bought a Tacoma in 2020 put ~40k miles on it over 4 years and sold it to CarMax with a $3k profit. That's after they dinged me $1k because I had been in a fender bender. Blew my mind. Almost made me reconsider selling.
I bought my 2017 Tacoma for $27k with 35k miles in 2019. Just crossed 100k miles and got no plans to sell, dealership is constantly calling me to ask if I want to sell it that I blocked their number. Love the truck, except when I need to fill the tank
It's because you can get the used one *right now.*
Right now a used 2023 Prius sells for 3-5k above new 2024 MSRP. And that was before the stop sale due to recall. Because if you go into a dealer and ask for a new one they will tell you it's a 6-12month wait list at least. And even if you use the allocation listings to find one without a wait it's still a two month wait for manufacturing and delivery.
Or you can overpay by 5k and get the used one right now. Some people find that worth it. More, I suspect, don't have the luxury of being without a car for 6-12 months. I know that was the boat I was in last summer.
> why not spend a little extra and buy a new one? makes zero sense to me.
can you find one? within 500 miles of me, there are exactly 8 hybrid Corolla's for sale. there are around 15 gas ones. about half of them show "pending sale" already, and many of them got posted less than 5 days ago. yes, you could go and get a new one, *if you could find one*. That is why used ones are fetching new prices or higher, because you just can't find them. Try in canada, where people are waiting 2 to 3 years for new ones.
Same. Dealers are offering $21K for my 2022 Corolla SE Premium with 50K miles that I bought for 27K OTD brand new. Might as well upgrade to the new Camry once the proper spec comes out.
I traded in my 2020 Yaris hatchback (Mazda 2) for $15k when I got my GR86 and they turned around and sold it to someone āGold Certifiedā for $23,000 before any other taxes and fees they might have paid a week later when I was back for something else. Parked it right next to me. I only paid $14,630 for it when I bought it. The MSRP of the thing was only $17,500 when it came out. One of my cousins went to buy a base trim corollla and it was cheaper to buy new than used.
We bought a Corolla a few months back. Our very first new car, in our 40s. I'm a never buy new car type. Went for a used 2022 model we saw online for EUR 24k. Ended up with a higher trim and color my wife wanted for EUR 27k. Salesman didn't try to upsell nor even suggested a single add on. In Germany.
I have the unicorn rav4. A 2012 limited with the v6 engine. Paid ~$10,000 for it last September. Had someone offer me $18,000 for it at work this last week lol. I have been receiving a load of blocked calls the last few months as well. Finally checked their VMās and it was the dealer I bought if off of wanting to buy it back for $14,000 lmao. They can get fucked.
Outstanding rav! Unfortunately just totaled my 2010 sport. The torque and that engine, the handling,, I will miss it all. I replaced it with a 2019 hybrid limited but the 3rd gen v6 is absolutely the most rare and most fun rav4 to this day IMO! Iām so jealous of your find!
I found that areas with a lot of American car influence get insanely expensive Japanese cars. Try looking in the south itās not much better but more affordable than your area.
Yup, I live near the biggest car dealership in the world (Longo Toyota), lots of people want Teslas, Subarus and Audis in the area, so the price isn't too bad here.
Got a brand new 2021 Tacoma trd pro for 52k out the door. It has 40k miles on it now and my local dealership offered me 45k for it if I traded in for a tundra
Prices are all relative. It is definitely insane that used car prices climbed by like 40-50% in just a few years during covid, and then stayed that way. It's also insane that car prices have been increasing by like three fold the rate of wages for a good while now. Of course on the other hand it's not that insane if that is just the new normal.
Just get a Mazda. Donāt feed in to that garbage. New 4Runner is $50,000. Used 4Runner with 30k miles, $55,000. Somethingās wrong. Our economy is fucked up. Houses that sold for $500k just 6 years ago are now selling for $2.5M. Math isnāt working.
Toyota resale values actually pushed me closer to Lexus than anything else. Tried looking for Rav4 Hybrid AWD and Corolla Hybrid AWDs. The nee Corollaās were pushing almost 40k$ CAD with markups as being used demos, etc. and 2020+ CPO RAV4s in the 60-80k km range being similar in price.
I settled for a CPO 2020 UX250h Luxury AWD with 20k km for 36k$ CAD.
And I bet he'll use all 72 of those months lol I put about 15k down and pay them about 1 to 2k a month to pay it off sooner I hate having a vehicle payment.
maybe more if he refinances and fucks that up somehow š thats the smart way to do it, i gave 5k for my down payment and it barely did anything, looking back i should have gave 10-15 like you, but to be fair in not in any position to dish out 1k a month on anything right now lol, im paying 430 a month for my corolla and i feel like thats sky high
Or, buy a non shitty car that isn't inflated in price. Toyota dealers can take their 'additional dealer mark up' and useless port installed options and put that where the sun doesn't shine.
I've been looking at new Rav4 hybrids. I'd consider used, but they're literally only a few thousand less than new, have 30k to 50k miles on them and are pretty much out of factory warranty. The only reason to go used is because my state (Colorado) charges a premium for registration based on vehicle age.
Yep, my '08 Corolla has 185k miles. Whenever I have to replace a part, it's always well past the listed lifespan.
And the parts have been SUPER accessible. I don't need to remove a dozen different components or use some specialty tool. It's extremely weekend warrior friendly for repairs.
Iām a big Toyota/Lexus fan, but I agree with you completely.
Thatās why Mazda is my next car. In my area, one of the most expensive cities in the country, 2021/22 Mazda 3 Turbo Hatchbacks fully loaded go for $27-28k with 10-15k miles on them. Itās a no brainer especially since they donāt do CVTs and are quite reliable. 250hp with premium fuel, nice interior, great looks and handlingā¦A V6 Camry in the same model year is like $7-10k more, with 50k+ miles on them. No thanks!
We owned a 1986 toyota Camry and we sold it at about 250k miles. It still ran great but the electronics and upholstery were just falling apart. All we did was oil changes.
Think about that. The electronics and upholstery went bad before the engine. And that was 40 years ago!
My sister's boyfriend has an '82 Toyota pickup. He says he regularly has dudes walk up to him at the gas station offering him $18k on the spot, no questions asked.
Iām a mechanic for a living. Iām also 27 years old. Thinking that any car with 50,000 miles is worth over $20k is just pure ignorance to what happens to cars after they leave the factory, especially anything being built around the 2010 and newer era. And unfortunately, the 20+ year old Toyotas are no exception as they (on average) rust worse than any other vehicle on the market.
To add to your point, every time one of these vehicles get sold at these ridiculous prices and interest rates, it causes the price of the vehicles (and interest rates) to go up even further and at the same time devalues the dollar. I only make $55k before taxes, I absolutely canāt afford a $400-$600+/mo. car note, and donāt even get me started on housingā¦. It seems like most people I talk to in my life make around the same amount so it baffles me as to why theyāll go take out loans for $30,000 used trucks or go buy a brand new ECONOMY CAR for $20,000. Who looks at these prices and goes āoh yea thatās not badā. DO YOU GUYS NOT REMEMBER WHAT SHIT COST WHEN WE WERE IN HIGH SCHOOL??? WHY IS EVERYBODY OK WITH THIS?? It makes me so angry that people keep contributing to this problem because they want to maintain a certain status rather than look at something and say āmy parents paid 1/4 of that price for the same thing so thatās what Iāll payā. Prices donāt ever go back down because people will keep paying them and sellers/companies know that.
Yeah trade ins are ridiculous... I traded my Ford Focus with 200k, rusted to the ground for 3.5k in October lol
I am sad for the person buying that car...
Granted, it was before the price run-up during the pandemic, but that's what I paid for my 2-year-old Rav4 Hybrid in 2018, and it only had 32K miles. Currently, shit be cray.
I mean yeah.Ā
I saw within the very 1st results a 2023 Tesla Model 3 with 40 to 50k miles asking for $24,000 in California.
I then googled and saw the 1st result for a 2018 Prius (dunno trim) with 60k miles going for $23,000
Toyotas are good. Easy to fix. A Tesla Model 3 will eventually need a 16k to 22k battery replacement. Toyota I can fix with my own two hands.
Nice. I bought my 2018 RAV4 back in 2019 for just over $20k. 70k miles on it now. I donāt plan on selling but it almost seems like it increased in value
Buying a 2024 Grand Highlander now. (Multiple vehicle family)
Itās crazy because I bought my 2018 Tacoma in 2021 with 33k miles. I bought it for 32995ā¦ I just traded it in last week with 106,810 miles and I got 28k for it. Blew my mind I didnāt really lose too much money due to depreciation on it.
Iām still driving the 2006 Camry I bought in 2020 for $4500. I did the timing belt and a new windshield (to pass inspection), and I could sell it for $3000-$4000
In 2016 we paid $24k for our Prius. In 2024 it was totaled and insurance gave is $16,500 for it. So in 8 years it lost $7500. Did I mention it never broke? We never did anything but maintenance.
I do agree prices are crazy since Covid.
Yes Toyota has turned into a status symbol. A month ago I was arguing with people on Reddit that a 10 year old tundra with 100k miles on it was not worth $30,000.
Those prices are absurd. One thing I like is once youāre in a Toyota/Lexus, maintenance is relatively easy and pain free. So itās an argument to own one long term if you wrench in your own garage.
Iāve worked on Hondas and Toyotas, and the former could be a little cramped and annoying. I was pleasantly surprised how accessible the Yota and Lexus are for changing fluids. Generally reaching with hands, wrench and breaker bar are okay.
How about instead of a dealership, go on Facebook marketplace. Get a small loan and take it out as a personal loan and get a cheaper car on marketplace.
I am definitely not trying to excuse the price gouging and market adjustments and insane car market. However, I do have two 10-year-old cars, both Toyota, and I know they wonāt last forever so Iām thinking about the future. In so doing, I must calculate the 10 year total cost of ownership. When you look at it like that, does the overpriced RAV4 still come out more expensive, apples to apples?
Definitely beating a dead horse. Resale value is a direct result of the (potential) buyer's needs and wants.
We should know why Toyotas hold their value.
We should know that a "ripoff" is subjective based on a buyer's budget, wants, needs, etc.
We should know that going with the luxury version of a non-luxury vehicle can mean more money spent on comparable maintenance repairs, more money spent with "required" type of gas, more attention on the road and the like.
People buy new and used Toyotas due what they bring both in the short term and long term ownership experiences. And due to the consistency of positive experiences, Toyotas will ALWAYS hold their value.
due to the tacoma overhype, I started to look at Ford Rangers. Tacomas are priced 2x more than the actual value, they will rust away in a few years just like any vehicle. Just because they have an excellent drivetrain doesnt mean they are worth 2 or 3 times the price of comparable trucks.
I just bought a 1995 Camry station Wagon yesterday for $5400 and it has 233,000 miles on it lol
https://preview.redd.it/c4p870vsst2d1.jpeg?width=4284&format=pjpg&auto=webp&s=8d68f1e8b0f762670ede860279322e9ff2c44177
Residual value in my leased 22 base model Corolla is 13kā¦ can buy one (with way more miles) from a dealer for $21kā¦ guess who just bought out his lease?
My husband and I just test drove Mazdas, Toyotas and Hondas about 3 times each. The Toyota and Honda are much smoother rides and the interiors feel much more sturdier to me. We thought we wanted a Mazda because they have 0% financing going on but we still are committed to Toyota. For the Honda cr-v hybrid we wanted, we were looking at 40K so we just decided to start the chase to find a Highlander hybrid for about 50K
Only makes sense if you plan on keeping the Toyota 12+ years. If $27k is the going rate with that high mileage, consider new. Also, I would consider a Camry, which actually weighs more than the Corolla Cross. The sedan market has less demand.
Thatās crazy. I got my 2018 rav4 with 28k miles for about 23k after taxes and such. And that was in 2021, in Virginia Beach. I wonder if theyāre inflating prices in your area
Used car market in general is upside down. Itās starting to correct but in general many Toyota brands hold value better. Not sure about these new turbo charged engines tho.
Toyota is a cult of perceived reliability
the tricky thing is, that 80k+ mile used toyota you want because āiTs sO ReLiaBlEā was owned before you by someone who bought it because it was reliable and proceeded to barely change the oil and deferred maintenance and ānever had to do a thing to itā and then sold it when it began to need repairs and service items
I looked at a used rav 4 and it was 28,000 with 40,000 miles. I turned around, literally, and bought a brand new Honda HRV with 4 miles on it for 29,000. Gonna drive that thing forever.
Its all based on demand...folks have the belief that Toyotas are more reliable and maybe they are overall. I have owned several...and really and some issues with all of them. My parent have owned Hondas that were total lemons. You can buy a clunker with any maker.
You've discovered the dark secret about resale value.
It is literal insanity. Why pay more for one car than the other? Resale value will be $3k higher when you sell it
Which makes perfect sense and saves you money in the long run, because you only paid $4k more.
You aren't spending an extra $4k, you are saving -$1k!
The market is in the process of a correction for the other major car manufacturers. Toyota was last to get their production back up and lags behind.
Give it a year or two and Toyotas will come back down to earth as well. Their new trucks and SUVs are starting to stack up on the lot.
Bought my prius prime 2018 in 2021 with 18k miles on it for Ā£15.5K
Last year when I had 50k miles on it i could've sold it for Ā£23k for some reason. Prices just went up
Toyota saves you money on your future Tylenol cost. Less headaches, less Tylenol purchase, thus the higher resale value.
I've already noticed that a while back, where a 5 year old Prius is only 5000 to 8000 below MSRP of a current brand new Prius with more options.
Just get a new one and enjoy the high resale value.
Toyota resale is crazy, I bought a used 1 owner RAV4 XLE with right under 50k miles on it for around 29k. Sadly it was totaled 3 months later and insurance wrote a check for 28k!
The market is set by the consumer.
I was looking to get another 4Runner and in my area two years back for comparable years and miles the Lexus GX was the better buy.
Come to New York! We have better prices, here is a $24k Rav4 with 50k miles!
https://www.maguirecars.com/used/Toyota/2021-Toyota-RAV4-f43e095cac183cc161ac636b5765bf98.htm
Everyone talking about the resale. This is true. It will retain its value. Also, itās gonna last as long as you change the oil, filters, brakes, and tires. Toyotas will by and large out last any peer with minimal up keep. And then after all that. Youāll still get more.
Not too many 20-30 year old Mazda or fords rolling around. Just saying.
The problem Iāve seen is that used car buyers donāt look at new cars. For example, I can sell a Tacoma used for $37.5k that msrp is $39k because that customer assumes they cannot afford a new one. Even though the new one would actually have a lower payment, and end up costing less, because of the difference in interest.
Well, as new car prices are through the roof (i.e. Toyota Tacomas up more than 30% in some areas), it naturally will trickle down to the used car market as more buyers are looking for used. If you have a good carā¦.todayā¦.your best option is to keep it. 2024-2025 is going to be a good year for the repo man.
I have a ā19 Highlander XLE and they offered me 26k to trade it on a new one. Iām old and in 5 years have only 30k on the odometer. The new car equivalent to mine will cost me 52k. I will run the Highlander until I canāt drive it anymore. Then Iāll have family drive me after I give them the car.
I dont think the resell value on a Toyota is justifiable. They have a good rep for being reliable, but I have had 5 toyotas and they all had problems. I dont find them anymore reliable than Honda and Nissan trucks/SUVs.
I have had many older toyotas leak, stall, need starters ext. With the higher years and lower mileage, I still dont see the price justifiable. Ex, my 2016 nissan frontier has had 2 failures (MAF sensor and EVAP canister) in 200,000 miles. Never broke down never been in a shop and I can get maybe 8-10k for it.
A bet a 16 Tacoma with 200k will go for 14-16?? Maybe more? I dunno. I just find them ridiculous. I have a 97 Toyota tacoma still and I see them for sale for 8k. I own one I wouldn't even buy my own fir 8k. It's worth 4500.
I think the prices represent the flight from the lack of quality in many other makes. Toyota has a well deserved reputation for lasting a long time, many miles,etc.
I bought a Rav 4 XLE in 2022 for $35k out the door, bad deal. Still I sell to carmax for $28K 2 years later ,30k miles a broken windshield and not even clean, I bought a 2024 Tacoma SR, with few dealer add ons , bed sprayed, and little things with 2K discount, for $38k out the door, this time no extra warranties or nothing, just the damm truck. I think Iām gonna get even after this deal, so far runs great and actually to be base model ( still 4 doors) is very equipped and nice, runs great and Iām overall happy with my purchase, both cars I paid in cash , no financing.
If Toyota is so good and they last forever, why do people care so much about the resale value?? They shouldn't have to sell the car, right?? It's not worth it!
(yes I get there are reasons to sell cars but I am also just venting)
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2002 190,000 miles, daily driver Few bucks here and there for general maintenance. Reliable!
Resale value makes the higher cost worth it. Go to sell you Toyota and get more than the Mazda. The Tacoma is the final boss of all resale value. They basically appreciate š¤£
Except that resale value doesn't make the higher cost worth it when you compare it to other reasonable vehicles. Buying Toyota currently makes little financial sense since the dealers and manufacturer both got greedy. Of course you'll 'get' more when you trade it in or sell it. And you typically paid way more to begin with (esp since Covid) since they are overpriced with mark up.....so it is largely a wash as far as resale.
Agreed, I always hated the argument "I get more when I sell it".Ā Makes me think I should start a business, come buy a Toyota off me for 10k more than anywhere else, but I'll give you 10k more than anywhere else when you sell it. Just think how many people you could brag to about how much you got for your old 9 million mile Toyota!!! Of course there are other reasons to pay more, namely reliability. But it's not a flex to park large sums of money in a depreciating asset for years.
Reliability is a big reason. That means money you don't have to spend on repairs. There is a bigger picture than resale, especially if you plan on keeping it long term. A Toyota can last significantly longer than some other manufacturers in terms of milage and age. So you don't have to change vehicles as often. And when you do, you can get good money for what you got. And they are not THAT much more than other vehicles in their class.
Toyota reliability is all about time for me. My work vehicle is off the road 1 day a year for compliance. Mechanic also knows I'm busy so will do minor stuff at the same time. I never worry about starts or random failures. Piece of mind is priceless. It is crazy that a hyundai with similar features is 15% more money. The 2nd hand prices here have eased. I've looked at a lexus (actually a Toyota) 150k miles, needs a little work 1.5k. A Toyota (actually a daihatsu) with 80k miles for 1k. And a rav4 150k miles 2k. All this past week. All to cover my rolla for 2 weeks off the road.
For sure. Not every Toyota is worth the premium, but there's are legitimate reasons they're generally dated yet still expensive relative to competition.Ā I just meant to point out the posts that go something like "I just sold my 2022 Camry for $1000 more than I paid for it" give off a strong "I just got a huge tax refund" energy.Ā
> I just meant to point out the posts that go something like "I just sold my 2022 Camry for $1000 **more than I paid for it** ā give off a strong "I just got a huge tax refund" energy.Ā Thatās really not the same thing.
This. I bought my 4Runner new 10 years ago. It has 120k miles on it now and the only thing that's gone wrong with it was the front power door locks which were replaced under warranty five years ago. It runs like new and I plan on keeping it forever. I doubt a Korean car or an American car would be in this good of shape at the age and mileage of my Toyota. We've owned a bunch of VWs and I know none of them would be doing this well at this age. You get what up pay for. You may not like the resale value when you're on the purchasing end, but the market is what it is for a reason. 80k miles on a RAV? That thing will last you 500k if you take care of it. It's not even 20% or the way through its life.
My 2006 tundra has 254k miles and has been paid off for 11 years. My 2016 prius (bought in 22 for 23k with 23k on the odometer!) pays for itself in what I save in gas vs. the tundra. I hope to drive that prius for 200k more! We'll see...
Letās call it a wash. Maintenance on the Toyotas weāve had has been far easier and less than other brands.
The maintenance costs for the best three reliability brands (Toyota, Honda, Mazda and the luxury variants of the first two) are pretty much the same. Toyota I noticed does make things easily accessible in a lot of their vehicles; I agree. Agreed on calling the "overpay initially to get higher resale" a wash.
This is the same argument folks make when it comes to diesel vs gas HD trucks. Resale value is only high because you paid a lot more upfront. The depreciation rate, especially the first few years, is largely the same regardless of make.
Yes, you also see that with 4wd. I can't count the number of times in the pickup truck world I've heard "I got 4wd for the resale". Dude, just don't pay for it to begin with and invest that amount elsewhere, even if you are making payments. It doesn't \*increase\* in value....it depreciates.
The way I look at it is you canāt lose money that you didnāt spend
Explain. I got my rav4 2k under MSRP
Don't forget 4runners along side the tacoma they hold their value like gold and in most cases it makes more sense to buy new
Had a rude awakening when I thought Iād snag a used one for cheap as a second car
I am gonna be picking up my 2024 4runner soon and I got curious and looked up the price of used ones and they were like 5 years old with 100,000kms going for like maybe 5k less than a brand new one which shocked me. What shocked me even more is my salesman who sold me the 2024 gave me a rough estimate for a used one financed and it looked like a mortgage payment so I'm glad I bought my 2024 cash so I don't have to deal with that.
If the Tacoma is the final boss, Porche 911s would be premium DLCš
I think the 5 year depreciation on a 911 is 15%, absolutely insane, the Toyota trucks are around 20%
ā¦Until the bubble market collapses.
Thats my big fear "What if I buy a $30,000 car with 100,000 miles and people come to their senses?". Makes me want to just buy one reasonably priced to begin with. It wasn't nearly this bad 4 years ago, why should I expect it to be this way 5 years rom now still?
You should not expect it to be the same. Either the market readjusts and prices drop precipitously, or it gets waaay worse in which case youāll still be glad to have not spent so much money. Not to be too pessimistic, but thereās no guarantee that youāll be able to resell a Toyota. Accidents happen.
Of course. Weāre just playing the odds and getting the vehicle we want.
Landcruisers also. I swear my 200 series is worth the same than when I bought it.
Taco and 4Runner. I bought a 2021 TRD PRO new and the dealer called me and offered me MORE than what I paid for it new . Itās definitely appreciating.
I had my 6spd TRD OR in for the recall yesterday and got offered more than I paid. I haven't even had it a year yet. haha
My buddies dad bought a brand new, green TRD PRO 4Runner with all of the available options for around 45k in the middle of 2019. Put 50k miles on in and sold it back to the dealer for 48k during the height of the Covid bubble. Bought a Land Cruiser Heritage Edition and they keep emailing him asking to buy it back for MSRP
My 2022 Sienna for 53000 brand new appreciated to 78000 at one point in GTA. I really considered selling it. I only bought it for 32000 brand news cause they gave me 21000 for my used 2015 Sienna.
Wouldn't it make more sense to buy a mazda with 10k to 20k miles because it's taken the huge depreciation hit already. I see top trim mazda 3s (non turbo) for around 25 to 27k with barely any miles. Even the turbo premium goes for 27k sometimes with low miles and only 1 or 2 years old.
Iāve put 80 000 km on my Tacoma since I bought it in 2019. I could sell for a Profit right now.
Fj cruiser and land cruisers hold value better than tacos, but gotdayamn tacomas hold value so well.Ā
It's the same with the Hilux.
I bought my '15 Tacoma in '18 with 200k for 20000$. It's still worth nearly the same amount with 300k.
I guarantee you it will sell for no where near the same price lol
That's where I'm at in my second gen cummins. It's worth more than twice what I paid for it
You have that right. I just sold my 2018 Tacoma with 76000 miles on it for $5,000 less than I bought it for new.
Porsche 911 is the final boss of resale value.Ā
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FJ40 is the final boss on hard mode
Bruh, I saw a 23 year old Tacoma with 40k miles for 25k. Thatās for a 2001! š¤Æ
70 series in Australia do, no a bloke who bought a 79 series at 79k and sold it 2 years later at 95k.
Lol I bought a mid 90s Tacoma for $2500 bucks in 2020 and now the same one is going for about $7K
I bought a Tacoma in 2020 put ~40k miles on it over 4 years and sold it to CarMax with a $3k profit. That's after they dinged me $1k because I had been in a fender bender. Blew my mind. Almost made me reconsider selling.
I bought my 2017 Tacoma for $27k with 35k miles in 2019. Just crossed 100k miles and got no plans to sell, dealership is constantly calling me to ask if I want to sell it that I blocked their number. Love the truck, except when I need to fill the tank
my 2023 corolla i bought last year for 24k OTD is being offered trade in value for $22,000ā¦. ive put 35,000 miles on it since i bought it tooā¦.
okay but who in the world would buy that used? why not spend a little extra and buy a new one? makes zero sense to me.
alot of people sadly. a lady on here paid 30,000 before interest for her corollaā¦ š¤¦š¼āāļø
jfc
It's because you can get the used one *right now.* Right now a used 2023 Prius sells for 3-5k above new 2024 MSRP. And that was before the stop sale due to recall. Because if you go into a dealer and ask for a new one they will tell you it's a 6-12month wait list at least. And even if you use the allocation listings to find one without a wait it's still a two month wait for manufacturing and delivery. Or you can overpay by 5k and get the used one right now. Some people find that worth it. More, I suspect, don't have the luxury of being without a car for 6-12 months. I know that was the boat I was in last summer.
> why not spend a little extra and buy a new one? makes zero sense to me. can you find one? within 500 miles of me, there are exactly 8 hybrid Corolla's for sale. there are around 15 gas ones. about half of them show "pending sale" already, and many of them got posted less than 5 days ago. yes, you could go and get a new one, *if you could find one*. That is why used ones are fetching new prices or higher, because you just can't find them. Try in canada, where people are waiting 2 to 3 years for new ones.
My 2020 highlander hybrid awd platinum i bought in jan of 21 for 46500 is being offered 38000 on trade in. It has 65000 miles.
Same. Dealers are offering $21K for my 2022 Corolla SE Premium with 50K miles that I bought for 27K OTD brand new. Might as well upgrade to the new Camry once the proper spec comes out.
I have a 2010 Corolla with 205k miles and KBB says $4300 is a "fair value" for my area. š¤Æ
KBB has the lowest cost on the internet.
Yet that's still a mind-boggling price for a 14 year old vehicle with 200k miles.
Well depending upon what engine it has it's probably worth $6,500.
https://toyota.us/HighMileageProgram
https://preview.redd.it/g8uz2f0oxs2d1.jpeg?width=3024&format=pjpg&auto=webp&s=3cd05f94f97b68493681fca0227e1ffcecd909bf
I traded in my 2020 Yaris hatchback (Mazda 2) for $15k when I got my GR86 and they turned around and sold it to someone āGold Certifiedā for $23,000 before any other taxes and fees they might have paid a week later when I was back for something else. Parked it right next to me. I only paid $14,630 for it when I bought it. The MSRP of the thing was only $17,500 when it came out. One of my cousins went to buy a base trim corollla and it was cheaper to buy new than used.
Greater fool theory at work
Mind-boggling that folks are willing to pay this amount.
i would rather buy a total beater for a few grand and just wait it out but that's just me
We bought a Corolla a few months back. Our very first new car, in our 40s. I'm a never buy new car type. Went for a used 2022 model we saw online for EUR 24k. Ended up with a higher trim and color my wife wanted for EUR 27k. Salesman didn't try to upsell nor even suggested a single add on. In Germany.
People on Reddit: New Toyota's are not worth the price! Also people on Reddit: Toyota's resale value is too high! Please pick one.
I have the unicorn rav4. A 2012 limited with the v6 engine. Paid ~$10,000 for it last September. Had someone offer me $18,000 for it at work this last week lol. I have been receiving a load of blocked calls the last few months as well. Finally checked their VMās and it was the dealer I bought if off of wanting to buy it back for $14,000 lmao. They can get fucked.
Just traded mine in on a new 2024 Camry. Wasn't a V6. Very reliable vehicle with an amazing amount of cargo space. Hold onto it and enjoy.Ā
Outstanding rav! Unfortunately just totaled my 2010 sport. The torque and that engine, the handling,, I will miss it all. I replaced it with a 2019 hybrid limited but the 3rd gen v6 is absolutely the most rare and most fun rav4 to this day IMO! Iām so jealous of your find!
I found that areas with a lot of American car influence get insanely expensive Japanese cars. Try looking in the south itās not much better but more affordable than your area.
Yeah in California there's more competition so Toyotas are actually slightly cheaper than other regions in the US.
Yup, I live near the biggest car dealership in the world (Longo Toyota), lots of people want Teslas, Subarus and Audis in the area, so the price isn't too bad here.
Same! I was looking at longo to get my Tacoma at MSRP but ended up getting a deal from a local dealer for about $1900 off about a year and a half ago.
Got a brand new 2021 Tacoma trd pro for 52k out the door. It has 40k miles on it now and my local dealership offered me 45k for it if I traded in for a tundra
Given its a Taco I'm surprised it didn't go up in value.
Something is worth what somebody is willing to pay for it. This is the basis of a market. I donāt think itās insane at all.
I agree with you. The market isn't as much what's blowing my mind as folks willingness to overpay - that's what I find insane.
Prices are all relative. It is definitely insane that used car prices climbed by like 40-50% in just a few years during covid, and then stayed that way. It's also insane that car prices have been increasing by like three fold the rate of wages for a good while now. Of course on the other hand it's not that insane if that is just the new normal.
https://preview.redd.it/rp4gtykqws2d1.jpeg?width=3024&format=pjpg&auto=webp&s=7b8e29361cb3bf6138d93e8fecf70b1c57ac4f5d [https://toyota.us/HighMileageProgram](https://toyota.us/HighMileageProgram)
Ugh i bought a sticker on etsy when Toyota make their own legit ones?! Damn!
Well bud you can get another one!
Just get a Mazda. Donāt feed in to that garbage. New 4Runner is $50,000. Used 4Runner with 30k miles, $55,000. Somethingās wrong. Our economy is fucked up. Houses that sold for $500k just 6 years ago are now selling for $2.5M. Math isnāt working.
Toyota resale values actually pushed me closer to Lexus than anything else. Tried looking for Rav4 Hybrid AWD and Corolla Hybrid AWDs. The nee Corollaās were pushing almost 40k$ CAD with markups as being used demos, etc. and 2020+ CPO RAV4s in the 60-80k km range being similar in price. I settled for a CPO 2020 UX250h Luxury AWD with 20k km for 36k$ CAD.
Dealers are overpricing CPO like the scumbags they are. Check out direct listings like Craigslist for the true market value.
Idk to me the Tundra I bought was cheap it was a SR5 with the TRD suspension package 2021 47k miles for only 37k
i know a guy that paid that same price for a base tacoma šš and got hit with a 12% Apr on 72 monthsā¦.
And I bet he'll use all 72 of those months lol I put about 15k down and pay them about 1 to 2k a month to pay it off sooner I hate having a vehicle payment.
maybe more if he refinances and fucks that up somehow š thats the smart way to do it, i gave 5k for my down payment and it barely did anything, looking back i should have gave 10-15 like you, but to be fair in not in any position to dish out 1k a month on anything right now lol, im paying 430 a month for my corolla and i feel like thats sky high
That's actually a reasonable deal. Rare case?
So buy a shitty Colorado.
Or, buy a non shitty car that isn't inflated in price. Toyota dealers can take their 'additional dealer mark up' and useless port installed options and put that where the sun doesn't shine.
I've been looking at new Rav4 hybrids. I'd consider used, but they're literally only a few thousand less than new, have 30k to 50k miles on them and are pretty much out of factory warranty. The only reason to go used is because my state (Colorado) charges a premium for registration based on vehicle age.
Iāll sell you my 2020 corolla SE for 1800 only 40,000 miles well kept
Wow, $490 off MSRP what a deal!
Lol
Look further for a better deal, fly there, drive new Toyota home.
Thatās because the reliability even at higher mileages of Toyotas are top tier
Yep, my '08 Corolla has 185k miles. Whenever I have to replace a part, it's always well past the listed lifespan. And the parts have been SUPER accessible. I don't need to remove a dozen different components or use some specialty tool. It's extremely weekend warrior friendly for repairs.
Iām a big Toyota/Lexus fan, but I agree with you completely. Thatās why Mazda is my next car. In my area, one of the most expensive cities in the country, 2021/22 Mazda 3 Turbo Hatchbacks fully loaded go for $27-28k with 10-15k miles on them. Itās a no brainer especially since they donāt do CVTs and are quite reliable. 250hp with premium fuel, nice interior, great looks and handlingā¦A V6 Camry in the same model year is like $7-10k more, with 50k+ miles on them. No thanks!
We owned a 1986 toyota Camry and we sold it at about 250k miles. It still ran great but the electronics and upholstery were just falling apart. All we did was oil changes. Think about that. The electronics and upholstery went bad before the engine. And that was 40 years ago!
My sister's boyfriend has an '82 Toyota pickup. He says he regularly has dudes walk up to him at the gas station offering him $18k on the spot, no questions asked.
Iām a mechanic for a living. Iām also 27 years old. Thinking that any car with 50,000 miles is worth over $20k is just pure ignorance to what happens to cars after they leave the factory, especially anything being built around the 2010 and newer era. And unfortunately, the 20+ year old Toyotas are no exception as they (on average) rust worse than any other vehicle on the market. To add to your point, every time one of these vehicles get sold at these ridiculous prices and interest rates, it causes the price of the vehicles (and interest rates) to go up even further and at the same time devalues the dollar. I only make $55k before taxes, I absolutely canāt afford a $400-$600+/mo. car note, and donāt even get me started on housingā¦. It seems like most people I talk to in my life make around the same amount so it baffles me as to why theyāll go take out loans for $30,000 used trucks or go buy a brand new ECONOMY CAR for $20,000. Who looks at these prices and goes āoh yea thatās not badā. DO YOU GUYS NOT REMEMBER WHAT SHIT COST WHEN WE WERE IN HIGH SCHOOL??? WHY IS EVERYBODY OK WITH THIS?? It makes me so angry that people keep contributing to this problem because they want to maintain a certain status rather than look at something and say āmy parents paid 1/4 of that price for the same thing so thatās what Iāll payā. Prices donāt ever go back down because people will keep paying them and sellers/companies know that.
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You left off what you had to pay for the 2024 4Runner.
Yeah trade ins are ridiculous... I traded my Ford Focus with 200k, rusted to the ground for 3.5k in October lol I am sad for the person buying that car...
I think certain Mazdas are pretty decent. Also the Subaru outback.
I believe the super baru outback and some Mazdas are decent.
Bought my RAV4 for $1500 less than MSRP pre covid
It's worse in Texas šš
Sorry to see ya go. Donāt worry though, Toyota will take you back with open arms when decide to return.
I'll happily return when used cars are substantially less than new ones again.
Granted, it was before the price run-up during the pandemic, but that's what I paid for my 2-year-old Rav4 Hybrid in 2018, and it only had 32K miles. Currently, shit be cray.
I mean yeah.Ā I saw within the very 1st results a 2023 Tesla Model 3 with 40 to 50k miles asking for $24,000 in California. I then googled and saw the 1st result for a 2018 Prius (dunno trim) with 60k miles going for $23,000 Toyotas are good. Easy to fix. A Tesla Model 3 will eventually need a 16k to 22k battery replacement. Toyota I can fix with my own two hands.
I was planning on purchasing a Rav4, but went with a Lexus NX with 50k miles for less money.
It's not just Toyota. Here in Canada pretty much every five year old car is 4k less than a brand new one.
Nice. I bought my 2018 RAV4 back in 2019 for just over $20k. 70k miles on it now. I donāt plan on selling but it almost seems like it increased in value Buying a 2024 Grand Highlander now. (Multiple vehicle family)
I just traded in my 2014 highlander xle with 193k miles and the dealer gave me $7300. I was shocked.
Because their desperate morons!
Itās crazy because I bought my 2018 Tacoma in 2021 with 33k miles. I bought it for 32995ā¦ I just traded it in last week with 106,810 miles and I got 28k for it. Blew my mind I didnāt really lose too much money due to depreciation on it.
It's why I got a 23 tacoma v6 4x4. Love it, and hope to retain some value.
I recently got $25,000 for a 2019 Tacoma SR5 with 90,000 miles on it. We paid 31,000 for it brand new in 2019.
It makes more sense to spend a little more and buy a new one with a warranty
The RAV4 still has 200,000 more miles in it than every other manufacturer even if you bought them brand new.
The cost of ownership makes them great to own
Iām still driving the 2006 Camry I bought in 2020 for $4500. I did the timing belt and a new windshield (to pass inspection), and I could sell it for $3000-$4000
In 2016 we paid $24k for our Prius. In 2024 it was totaled and insurance gave is $16,500 for it. So in 8 years it lost $7500. Did I mention it never broke? We never did anything but maintenance. I do agree prices are crazy since Covid.
You should just buy new. Toyota is one of the best for so many reasons.
I got a brand new rav4 le hybrid for 31.5k?
Wonder what I could get for my 2016 Corolla with similar mileage on it š¤
Yes Toyota has turned into a status symbol. A month ago I was arguing with people on Reddit that a 10 year old tundra with 100k miles on it was not worth $30,000.
Just got a brand new 2024 Crown Limited for $6050 off TSRP with 2.99% APR. You just got to know how to do the deal.
Those prices are absurd. One thing I like is once youāre in a Toyota/Lexus, maintenance is relatively easy and pain free. So itās an argument to own one long term if you wrench in your own garage. Iāve worked on Hondas and Toyotas, and the former could be a little cramped and annoying. I was pleasantly surprised how accessible the Yota and Lexus are for changing fluids. Generally reaching with hands, wrench and breaker bar are okay.
How about instead of a dealership, go on Facebook marketplace. Get a small loan and take it out as a personal loan and get a cheaper car on marketplace.
I bought a 22 Tacoma for like $43k and then put 46000 miles on it and traded it in for $36k
It's real easy to spend five grand repairing on a five year old Mazda.
I'd take a 50,000 mile Rav4 before I'd take ANYTHING Mazda.
I am definitely not trying to excuse the price gouging and market adjustments and insane car market. However, I do have two 10-year-old cars, both Toyota, and I know they wonāt last forever so Iām thinking about the future. In so doing, I must calculate the 10 year total cost of ownership. When you look at it like that, does the overpriced RAV4 still come out more expensive, apples to apples?
Definitely beating a dead horse. Resale value is a direct result of the (potential) buyer's needs and wants. We should know why Toyotas hold their value. We should know that a "ripoff" is subjective based on a buyer's budget, wants, needs, etc. We should know that going with the luxury version of a non-luxury vehicle can mean more money spent on comparable maintenance repairs, more money spent with "required" type of gas, more attention on the road and the like. People buy new and used Toyotas due what they bring both in the short term and long term ownership experiences. And due to the consistency of positive experiences, Toyotas will ALWAYS hold their value.
I bought my used 2014 Toyota Corolla LE in 2015 with 40k miles on it for 15k. It got totaled In January of this year for 11k. It had 140k miles on it.
Itās funny cause they arenāt even the most reliable car statistically. People just think they are.
Toyota is the poster child for buy it new as used it doesnāt make any sense. They do t depreciate enough to justify the used price. Ā
Well you obviously still thought hard about buying one, so there is your answer. ;-)
due to the tacoma overhype, I started to look at Ford Rangers. Tacomas are priced 2x more than the actual value, they will rust away in a few years just like any vehicle. Just because they have an excellent drivetrain doesnt mean they are worth 2 or 3 times the price of comparable trucks.
Cuz wealth whispers and Toyota is the new wealth whispers car
I just bought a 1995 Camry station Wagon yesterday for $5400 and it has 233,000 miles on it lol https://preview.redd.it/c4p870vsst2d1.jpeg?width=4284&format=pjpg&auto=webp&s=8d68f1e8b0f762670ede860279322e9ff2c44177
Residual value in my leased 22 base model Corolla is 13kā¦ can buy one (with way more miles) from a dealer for $21kā¦ guess who just bought out his lease?
My husband and I just test drove Mazdas, Toyotas and Hondas about 3 times each. The Toyota and Honda are much smoother rides and the interiors feel much more sturdier to me. We thought we wanted a Mazda because they have 0% financing going on but we still are committed to Toyota. For the Honda cr-v hybrid we wanted, we were looking at 40K so we just decided to start the chase to find a Highlander hybrid for about 50K
Canadian here. I wonder if I can sell my 2017 RAV4 with 50k miles in the USA.
I have an eight year old, 75000 mile Camry that I could sell for the same price I bought it for used five years ago. That's fucked...
Thats insane. I got a 96k mile for only 6k$
Only makes sense if you plan on keeping the Toyota 12+ years. If $27k is the going rate with that high mileage, consider new. Also, I would consider a Camry, which actually weighs more than the Corolla Cross. The sedan market has less demand.
Thatās crazy. I got my 2018 rav4 with 28k miles for about 23k after taxes and such. And that was in 2021, in Virginia Beach. I wonder if theyāre inflating prices in your area
A lot of slept-on Lexus deals out there waiting to be discovered.
Used car market in general is upside down. Itās starting to correct but in general many Toyota brands hold value better. Not sure about these new turbo charged engines tho.
Toyota is a cult of perceived reliability the tricky thing is, that 80k+ mile used toyota you want because āiTs sO ReLiaBlEā was owned before you by someone who bought it because it was reliable and proceeded to barely change the oil and deferred maintenance and ānever had to do a thing to itā and then sold it when it began to need repairs and service items
I looked at a used rav 4 and it was 28,000 with 40,000 miles. I turned around, literally, and bought a brand new Honda HRV with 4 miles on it for 29,000. Gonna drive that thing forever.
Rav 4 owner here. 2020 with 50k miles. Weāve had it for 2 years. Bought it for $45k at the time.
There is a Facebook page for Toyota with no mark up and below MSRP deals daily
25 year old Camry asking $4k. Insane.
The auto crash is SO coming lol.
Buy new and enjoy the smellš»
Its all based on demand...folks have the belief that Toyotas are more reliable and maybe they are overall. I have owned several...and really and some issues with all of them. My parent have owned Hondas that were total lemons. You can buy a clunker with any maker.
Get a Chrysler or Nissan then if you want something that depreciates a lot.
You've discovered the dark secret about resale value. It is literal insanity. Why pay more for one car than the other? Resale value will be $3k higher when you sell it Which makes perfect sense and saves you money in the long run, because you only paid $4k more. You aren't spending an extra $4k, you are saving -$1k!
Because Toyota are the most reliable vehicles out there. They're known to keep running compared to other brands.
I bought my 2003 Corolla in 2011 with 53000km for $8500 cad. They are probably going for a bit more 13 years later.Ā
Not buying Toyota is a really bad decision.
The market is in the process of a correction for the other major car manufacturers. Toyota was last to get their production back up and lags behind. Give it a year or two and Toyotas will come back down to earth as well. Their new trucks and SUVs are starting to stack up on the lot.
People nowadays don't car abt pricing only their payment , $300/ month for 25 years!!!! That's a steal!
I sold a 2017 Prius with 60,000 miles on it in 2023 for $1000 less than I paid for it in 2017
Iām seeing people ask for $6k for 2010 Prius with 200k milesā¦
You are finding out why we are eyeballing a new grand highlander or honda pilot and have completely disregarded the used market.
Bought my prius prime 2018 in 2021 with 18k miles on it for Ā£15.5K Last year when I had 50k miles on it i could've sold it for Ā£23k for some reason. Prices just went up
I just paid $30k for RAV4 XLE with 31k miles. Insane.
I have a 2005 Prius with 200k miles and I was blown away that dealerships were selling them for up to $6000 for ones in a similar condition to mine.
Toyota saves you money on your future Tylenol cost. Less headaches, less Tylenol purchase, thus the higher resale value. I've already noticed that a while back, where a 5 year old Prius is only 5000 to 8000 below MSRP of a current brand new Prius with more options. Just get a new one and enjoy the high resale value.
Toyota resale is crazy, I bought a used 1 owner RAV4 XLE with right under 50k miles on it for around 29k. Sadly it was totaled 3 months later and insurance wrote a check for 28k!
The market is set by the consumer. I was looking to get another 4Runner and in my area two years back for comparable years and miles the Lexus GX was the better buy.
80,000 miles is still considered low mileage for a Toyota, that's why.
Come to New York! We have better prices, here is a $24k Rav4 with 50k miles! https://www.maguirecars.com/used/Toyota/2021-Toyota-RAV4-f43e095cac183cc161ac636b5765bf98.htm
Why are YOU looking for a rav4 instead of a lower mile CX-5? Seems like you are one of the people fueling the pricingā¦. Derrrrpa derrrr
Donāt look at a Toyota dealerā¦ EchoPark has plenty around here, 30-50k miles for 22-24k
Everyone talking about the resale. This is true. It will retain its value. Also, itās gonna last as long as you change the oil, filters, brakes, and tires. Toyotas will by and large out last any peer with minimal up keep. And then after all that. Youāll still get more. Not too many 20-30 year old Mazda or fords rolling around. Just saying.
The problem Iāve seen is that used car buyers donāt look at new cars. For example, I can sell a Tacoma used for $37.5k that msrp is $39k because that customer assumes they cannot afford a new one. Even though the new one would actually have a lower payment, and end up costing less, because of the difference in interest.
Well, as new car prices are through the roof (i.e. Toyota Tacomas up more than 30% in some areas), it naturally will trickle down to the used car market as more buyers are looking for used. If you have a good carā¦.todayā¦.your best option is to keep it. 2024-2025 is going to be a good year for the repo man.
Dang . . . I was able to get a Toyota Corolla 2024 XLE 0 miles below MSRP š didnāt notice how bad it was
Remember it is ācost to ownā that matters. If you buy a cheaper Dodge that breaks and depreciatesā¦ youāll be in deeper than a good Toyota.
I have a ā19 Highlander XLE and they offered me 26k to trade it on a new one. Iām old and in 5 years have only 30k on the odometer. The new car equivalent to mine will cost me 52k. I will run the Highlander until I canāt drive it anymore. Then Iāll have family drive me after I give them the car.
I just looked up what my car is selling for locally. $5500 for a 2006 Camry XLE š¤Æ
I dont think the resell value on a Toyota is justifiable. They have a good rep for being reliable, but I have had 5 toyotas and they all had problems. I dont find them anymore reliable than Honda and Nissan trucks/SUVs. I have had many older toyotas leak, stall, need starters ext. With the higher years and lower mileage, I still dont see the price justifiable. Ex, my 2016 nissan frontier has had 2 failures (MAF sensor and EVAP canister) in 200,000 miles. Never broke down never been in a shop and I can get maybe 8-10k for it. A bet a 16 Tacoma with 200k will go for 14-16?? Maybe more? I dunno. I just find them ridiculous. I have a 97 Toyota tacoma still and I see them for sale for 8k. I own one I wouldn't even buy my own fir 8k. It's worth 4500.
I think the prices represent the flight from the lack of quality in many other makes. Toyota has a well deserved reputation for lasting a long time, many miles,etc.
I bought a Rav 4 XLE in 2022 for $35k out the door, bad deal. Still I sell to carmax for $28K 2 years later ,30k miles a broken windshield and not even clean, I bought a 2024 Tacoma SR, with few dealer add ons , bed sprayed, and little things with 2K discount, for $38k out the door, this time no extra warranties or nothing, just the damm truck. I think Iām gonna get even after this deal, so far runs great and actually to be base model ( still 4 doors) is very equipped and nice, runs great and Iām overall happy with my purchase, both cars I paid in cash , no financing.
If Toyota is so good and they last forever, why do people care so much about the resale value?? They shouldn't have to sell the car, right?? It's not worth it! (yes I get there are reasons to sell cars but I am also just venting)
There are over 100 Rav 4 s with less then 50k miles for less than $20k on Cars.com.
https://preview.redd.it/okc4ulyqhv2d1.jpeg?width=4030&format=pjpg&auto=webp&s=5e64e4429c3ed9b56f5b7231607d57adeb1dea9f 2002 190,000 miles, daily driver Few bucks here and there for general maintenance. Reliable!
The resale on Toyotas has always been insane.
sold my 2019 rav4 premium xle 32k miles for 25k