Best resale value

Best Midsize Pickup Truck — Toyota Tacoma
Price: $26,050
Value in 5 years: 60.6% of MSRP — $15,786
Not only is the Toyota Tacoma the most popular midsize truck on the market, it holds its value better than any other vehicle in America —as it has for the last six years.

https://www.msn.com/en-us/autos/res...-BBZjxmg?li=BBnb7Kz&ocid=hplocalnews#image=25


Despite all the "downfalls" of the Tacoma it still has the best resale value in America. If you don't like it, you can sell it lol.

 

That's also resale value off of MSRP. The numbers are even higher considering most people negotiate down. I talked my truck down to $22k, and on a whim had it appraised at a CarMax recently. They came back with an $18k offer. CarMax is pretty notorious (at least around here) for low-balling, so I feel comfortable that I could pretty easily get between $19k and $20k selling privately, and maybe a tiny bit more if I really tried to haggle.

Granted after TTL, the loss would be bigger, but I was pretty surprised CarMax came in even that high. When I was looking to purchase a Tacoma, I realized that for hardly any more, and sometimes even less in the case of well equipped trucks, I could buy a brand new one.

 

Ya that's why I bought new. Used were 1-2 years old 16-25k miles an basically just a couple grand cheaper than new...I doubt the resale value will affect me for a long time as I usually drive cars until they are near dead. The 5year value from MSRP was the highest in the entire article by almost 10%

 

Note: This won't apply to 3rd gens. I'm starting to see 3rd gens in the low to mid twenties now and i'm not talking about Ecolab spec SRs.

They make a lot of these trucks now. It was released when the economy was humming along nicely and money is cheap

 

3rd gens are actually worth more used than new. They age like wine.

 

When I was buying a couple months ago, used 3rd gens were priced the same as new (they weren’t more). So I bought new.

 

Clearly inaccurate information. Real data doesn’t at all support your subjective opinion.

 

From God's mouth to our ears.....Thank you!

BTW, the SR I bought new in November 2018 ($25,538) now books for between $22,400 and $26,200 (private party) depending on region.

I financed w/no down payment to take advantage of a Toyota Credit Corp $1000 rebate. After one payment I refinanced with my credit union (lower interest rate) and they valued it at $26,900.

One rather sketchy data point, I know, but the reality is the Tacoma kills it in resale.

 

Excellent point!

Was looking at a new Raptor (emphasis on looking) due to their perceived ultra high resale. My due diligence uncovered the fact that their crazy high resale was due to (as you point out) comparing current value to MSRP. Problem was, very few Raptors at the time were selling for MSRP.

When you factored in the thousands of dollars over MSRP that dealers at the time were getting, the Raptor's resale was actually pretty pedestrian. Good, but not nearly as great as reported.

 

Good retained value on this one

 

Which is great for people who change cars every few months! This way they can pretend to be a part of whatever trend is catching on that week. Why buy a vehicle you want, when you can buy a vehicle you can sell.

 

My tacoma was the first vehicle I bought new due to the cost of the used. I've always bought used, low mileage vehicles due to the significant cost savings, but used 2018 and 2019 tacomas were within a thousand or two of a 2020. Granted I was only looking at SR5's, but still, the resale is ridiculous. I could turn around and sell my 2020 right now at a gain (got a stupid good discount), which I won't due because I frickin love this truck, but it's rare for any new vehicle not to depreciate like crazy.

 

You keep spouting this but most of the data seems to indicate that the 3rd gen will in fact have excellent resale value.

 

Bought my 2020 DCLB OR about 3 weeks ago and have been looking at these trucks for probably 6 months- 1 year. Most of the used 2017-2019 double cab trd sport or off road I saw with between 10k-30k miles was around 2k-5k cheaper than what I paid for a brand new one. Now some of those had added packages that mine doesn’t have. Also add in the .9, 1.9 or 2.9 interest rate you can get and discounts by financing through Toyota and it brings that gap even closer. Most of the banks/Credit unions I looked at were between 3-5 percent for a loan for a used truck.

 

$38,779 is the MSRP to a comparable new build of my truck. MSRP when I bought mine was $36,570. I paid $32,200 and got 5" oval step tubes thrown in. Only options on my truck were chrome exhaust tip and mud flaps. Also tow package.

Comparable models to mine with mileage and model retail for $27-30k. So if I were to trade in my vehicle now, getting mid 20's would still be over 78% of original value today. Selling my mods off of it would get me even more.

3rd gens are doing fine.

 

Pretty much the exact thing I saw in December of '16 when I bought mine. I looked at a 14 or '15 OR and it was priced at $34,xxx with 30k miles. New was $2,500 more with a better interest rate (i'm at 1.68%).
No brainer.

 

Porsche dealerships along with select customers drive up the prices of their GT cars. It’s pretty common for USED GT cars selling thousands of dollars higher than MSRP. The dealership sells to select clientele at MSRP only for that customer to flip it back to the dealership. Since the car is “used” the dealership can add the certified pre owned warranty. Then the dealership charges 10’s of thousands of dollars on a “used” car. Don’t see Toyota playing the “flip” game but rather charging dealer mark up in certain regions.

 

what's even crazier than used tacoma prices are the high prices of the salvaged or rebuilt ones.

 

For those who are willing to pay that for a "used" Tacoma.
No way would a sane person pay more for a used Tacoma than a new one off the lot.

 

There was a bit of sarcasm there that was apparently well disguised as a genuine statement