When To Sell?

Tacoma's have great resale value - everyone knows that but... lets talk the science of resale:

A vehicle's residual value doesn't drop off linearly, correct? it slumps off steeper at certain points.

When is the best time to sell a Taco and lose the least on it? 50k miles? 60k miles? less, more?

 

Scientifically unprovable as there are too many variables in the equation. Mileage, type of miles, treatment of the interior, maintenance schedule, etc.

Sell it or keep it based on need, not perception of value.

 

Right before the Engine or Trans fails.

Or you can study this chart if you want “statical” numbers.
https://usedfirst.com/cars/toyota/tacoma/

 

I drive a lot of miles, it only makes sense for me to cut my loss at the best time and move into my next vehicle. yes - scientifically unprovable but you can get pretty accurate guess-estimates

 

haha... thats no joke.

Thanks thats a good link. That's what I meant... you never make money on vehicles. Its all a matter of losing as little as possible.

 

Miles drastically decrease value, so the more you drive it, the more steep the exponential curve! Better to keep it

 

Usually around 90,000

 

I sold my 2011 TRD OR that I purchased brand new in February 2011. I originally paid $34,000 for it and was able to sell it for$19,000 to a Honda dealership before I deployed and purchased a 2020 when I returned.

So after nine years at 115,000 miles, I was able to sell it for roughly 56% of what I paid for it. Things fluctuate of course, but I'll likely be getting a new Tacoma in nine years or after 115,000 miles or so. My two cents anyway.....

 

$0.13 per mile. Awesome. Thanks for that. This is my first Taco so I didn't know.

 

Ive seen three schools of thought:
1)Trade every two years,
2) trade before it hits 100k miles, or
3) trade when the cost to repair exceeds the value of the vehicle (i.e. rode that bastard until the wheels fell off).

Of those strategies, the ones that seem to get the largest (and most consistent) ROI, from my observations, would be door #3.

 

We were thinking of trading in with 16,000 miles on a 2018. In February they quoted $29000, we checked yesterday and it was valued at $25000. There was a “local adjustment” of minus $2700. Car sales are way down and cars are sitting on the lots. We will be keeping the truck now.

 

That money was lost the day you spent it

 

Never understood the idea of buying a reliable, fairly expensive automobile with the idea of selling it. I’m old school.... spend more money, buy a reliable vehicle and drive it until you can’t anymore.

only way I would sell is if I needed something bigger (tundra, 4 runner for family)

it’s a depreciating liability.

 

I've always had the feeling everything really starts to dive after 100k. We paid $37k for my wife's 4runner new in 2016. Sold it 4 years, 1 month and 37,000 miles later for 30k. So 81% of purchase price. I felt good about it. Until she told me she wanted a Subaru...

 

Yup and after fuel, maintenance, insurance on it to boot

 

2 months ago.

 

accurate. These trucks won’t have the same value they did for a long while

 

Pretty much.

Yep, and that $25,000 was probably a great offer. It will be much lower next month. I posted an article yesterday which showed that used car prices are down 11% already, and show no signs of abating. There's a 2018 with roughly the same miles as yours on Craigslist, and the guy is asking $32,000. I won't even contact him because his price is so far fetched. In reality, $25,000 is probably all I'd offer right now.

 

Oh man, the way the threads are these days; you would think everyone buys a tacoma just waiting to sell it

 

so that means if you were renting it it would have been $142. per mo. you made out.