What are you paying for 2020 Tacomas?

Kendall cuts some nice deals.

 

Oh, they didn’t come on it?

 

No they didn’t

 

Black wheels look really good with the white truck.

 

Very good deal!

 

This may not be the right place for this, but here goes... I just purchased a loaded 2020 DCLB OR back in Feb and I'm already planning to sell it in the next month or 2. I know I know! The problem is the 6 speed automatic...I absolutely hate it. I really thought I'd be able to get use to it, but I'm even more annoyed by it now than when I first got the truck. I've exclusively owned manual vehicles my entire life and this is my first automatic in 20 years! I chose the auto because I wanted the long bed for a future camper, but it was the wrong choice, especially considering the well known quirkiness of this particular auto. I should have got the short bed with a manual.

Anyway, I have a pretty good idea of how much I should get for it, but I'm actually looking to get a bit of advice on what you all think I should ask for it. You can kind of see it in my profile pic, but it's it excellent condition, not a scratch. It's like new inside and out and only 2 passengers have ever been in it, back seat never used, cargo bed used only twice. It has approx 9,300 miles on the odo, I commute 85 miles per day, all highway. The only mod I've done was upgrading interior, license plate and backup lighting to LED. Thanks!

Here are the details:
MSRP: $45,236
Double cab long bed TRD off road
Magnetic gray metallic with black leather seats
TRD premium off road package
Technology package
LED headlights with black bezel LED fog lights
Predator side steps
All weather floor liners
Door sill guards
Mud guards

 

I'd say go to KBB and put your info in and shoot for "excellent" trade in value. Also, remove any accessories and sell them separately or move them to the new truck (if you can) so you don't have to pay for them again. Generally they aren't going to give you any extra for your trade in for them, or at most literal pennies on the dollar.

It is also an extra lever you can pull and work with the dealer on for your OTD price. If they aren't willing to come down in the sale price on the new truck as much as you want, see if they'll come up some on your trade in.

 

There is no "used" vehicle data for 2020 vehicles yet. That's why I'm asking here

 

In a situation like yours, I personally would just be happy getting out from underneath it. I would ask above what I owed, but would take whatever I actually owed or really close to it so I could move on. I'm a mileage snob, so for a 4 month old truck with 9300 on it already, that would be a pass for me out of the gate regardless how nice it is. If I am going to be spending 40k+ on a 2020 Tacoma, I rather just buy a new one or wait for the 2021s to come out, instead of buying a 4 month old one with 9300 already on the clock. What I think bodes in your favor is that yours is nicely optioned and there is extremely low inventory at dealerships across the country now. Buyers might be more willing to overlook the mileage because they can't find a new one. Just my 2 cents.

 

It’s hard to buy a used 2020 when there’s some really good incentives to buy new. The only problem is the short supply right now.

 

I expect to get what it's worth, like anyone would. My situation is irrelevant to the price. Also, I think it crazy to pass on any vehicle just because of mileage, especially if it's a nice deal and well cared for. Besides, 9300 miles is literally nothing, barely broken in.

 

in your view, how much room is there is between "what it's worth" and a "nice deal"? have you considered getting a tune or pedal commander? or are you dead set against the automatic? i know Tacoma's hold their value, but i'm having a hard time seeing how selling this truck isn't going to hurt, at least a little.

 

Oh, I didn't even look for that.

Depending what you put as a down payment, as others said you might be lucky to just get enough to pay it off and be out from under it. Honestly I'd be surprised if you can even get that and don't roll over at least a bit of it. I'm about to trade in my 2019 for a 2020 and barely going to make out with it.

Tacomas hold their value well, but nothing is given, especially in the current situation/economy!

 

I never said it wasn't going to hurt, of course I'm going to take a beating after only owning it for 5 months. All I'm saying is that I'm not going to give it away for nothing. Whatever price I ask will be a nice deal, meaning thousands less than the average negotiated price for a new one, but significantly more than a dealer would offer for trade...somewhere near the middle of those 2 numbers.

 

I put a decent amount down, so there is some equity.

 

That's good you have some equity then, though sucks that you end up losing it, but I know the feeling of not being in the "right" truck. I'm in a similar situation and why I'm already trading mine in as well.

Is there incentive to trade in vs. selling privately (other than ease of course)? For my state, the trade in value is subtracted from the new purchase price before calculating taxes, thus saving me a couple grand in taxes. That mostly makes up for selling privately since I don't think I'd get that credit if I did so (both trade in and new sale have to be on the same "receipt" I believe for it to work). If you don't have that in your state, it might be worth trying to sell privately for a couple months first and see if you can get a better value for it that way. Trading in will always be out there as an option if needed.

 

You have a 4 month old truck that you don't like and want to move on from. That is relevant to your pricing. You already put 9300 miles on it. That is relevant to your pricing. Do you want to make money on it? That is relevant to your pricing. Do you just want to move on from it? That is relevant to your pricing. In the end, your situation is relevant as to what you want to get out of it. 9300 in 4 months is not "literally nothing". I personally don't care how well you took care of it. I don't care if they were all highway miles. IMO that is a lot for 4 months and all of those miles eats into the warranty, wear and tear, ect. That's great that you don't think it is a lot or you think people are "crazy" for considering that. You're the seller. My point is, buyers (like me) might think otherwise when for the same price they would be buying yours at (or a little more), they can buy a brand new one with a fresh warranty and no wear/tear. If you have a price in mind, then share it and maybe that 9300 isn't as big as a factor. If the asking price is a "nice deal" like you said, then the 9300 would be mitigated. Right now with the number you provided (45k MSRP), the mileage would be a factor for me if I was in the market for a 2020 Tacoma. Like I said earlier, just my 2 cents.

 

What are you looking at getting to replace it?

Sounds like I definitely need to do the whole Rent-a-Toyota deal and get some extended seat time before I make a final buying decision.

 

My state does the same with trade in offsetting taxes and it is a good incentive to trade. However, dealers always low ball trade ins.

 

I don't think I'd buy another Tacoma right now. I'd likely wait until the next gen Frontier and Tocaoma are released in 2021 and 2022 before buying another truck. In the mean time, I'll probably just get something simple and cheap just as a stand-in.