Trading my 2012 for a 2013?

OK. If you say so it must be true. Why 15 years though and not 30 or 40? Is there a sweet spot that happens at 15??

All I care about is the deal. I don't get all ego bent over leasing or owning. It all works out the same. I don't plan to own 4 vehicles in my life. Oh right, I forgot. I own 5 right now. Oops, 4 plus one lease.

Traded my 2011 for a 2012 for about $1800. No brainer.

So sell your truck outright so you get to pay tax on the full 30k again? Which pretty much negates the extra you saved selling yourself? If you say so.

In that 15 years you will spend thousands in brakes tires and other repairs. I could lease 3 new trucks for 9 years for the same 35k and never pay another dime. You would be spending close to 40k when you include interest, plus figure at least 5k for tires and other stuff over the years. That is another lease on a new truck for me in those two totals. That makes 4 new trucks for me and NEVER pay for anything since I am always bumper to bumper.

You come out three years ahead and the value of a scrappy 15 year old truck. For that money you saved I enjoyed 5 new trucks.......you have convinced me that buy and hold is the way to go. I like old ragged vehicles vs. Crisp new high tech new vehicles.

I am a Moron.

I also invested the 23k I did not dump into my car and at 8% for 3 years I get back almost half my lease money. But hey, you own it and I don't.

 

I traded my 12 black double cab manual for a white automatic 12 double cab. ended up costing me 3700.... and my black taco had 15k on it....so if you've paid off more than that.... depending on your area.... you might be loosin them dollaz. cause they can take the used truck and put a 100k warranty on it and sell it for a brand new price.... just some food for thought

 

I'm confused, you said before in a previous post that the cost to own long term favors the purchaser over the lease? While I'm not disputing the merits of leasing, you started explaining a buying philosophy shift to the OP when it clearly wasn't relevant to his question or situation. I have leased MANY cars, usually the POS jeeps my wife insisted on driving so many times before. I completely understand the buy neutral or appreciating assets and rent/lease depreciating ones.

HOWEVER, again, as you said it, the most economical transportation is the one you buy and drive for a long period of time, the longer the better. Also I dispute your assertions that you "never" actually own the vehicle because that's far from the truth. You may have to put money into it for future services but that's true of your teeth, house, hell, anything anyone owns.

I have owned my Tacoma a month and have already enjoyed personalizing my vehicle to my tastes in preparation to own it for a while. You can't modify or customize a lease the way you can a purchase. At least not practically. In fact the vehicle needs to carry (at least in California) the highest level of liability/comp/collision insurance required by the sales contract and lender. You also have to keep to a maintenance schedule the dealer dictates, as well as mileage and condition requirements, all of course with hefty fees attached.

While that may be great that you are using that monthly payment differential to turn into a tycoon, I personally would rather spend less money in the long run, drive a vehicle knowing I own it and can do whatever I want with it, and enjoy the vehicle for a longer time as well as the money saved. Why not just accept that not everyone is into the restrictions the lease provides?

 

Lease, cash, finance...who cares I got me a tacoma!

I don't see it worth trading up from a 2012 to a 2013 unless you put a ridiculous amount of miles on it in the past 11 months. It's just a way for them to move more cars.

Nissan sent my girlfriend a letter saying they needed more Jukes to keep up with the demand when they first came out and offered a trade into a Maxima. Definately a common scheme that I'm sure some fall for.

I guess there is a few select people who could actually make out on this deal, but just like the casinos...so many suckers only 1 winner///

EDIT: Now if we we're talking high end luxury limited production vehicles...a dealer may contact you if someone is looking for your car thats 1 of 5 ever made. Tacomas are dime a dozen....everyones got one. Check out the size of this forum...

 

I have a 2012 and I was thinking about trading for a 13. Now the reason is I would be going from a 2012 4cyl access cab 4x4 to a 2013 dclb sport 6cyl.

My payments would have went up 100 so I decided to wait until I absolutely NEED it. My daughter is 11 and just fits in the back. I'm thinking by next year it'll be time for a new ride.

I lease my vehicles because frankly I love new vehicles and my truck is my office so I need it reliable and new. I know leasing isn't the best financially long term solution but the lower payments work for me. Plus I can write off the monthly lease payments.

I think no vehicle is a good financial decision. It's not like a house where you gain equity and make it better in turn making it worth more.

 

I'd be annoyed with my dealership if they called me to tell me someone wanted to buy my car. My only answer would be "So? Don't bother me again. If I want something I'll call you."

It's like my kids when they see something they want on TV and come explain to me all the great details of the offer. "But Dad, it's normally over $50, but right now, we can get two for $20 plus 3 accessories if we call now!!!"

If they are calling you, it's because it's in their best interest, not yours.

And how could a guy with such a nice looking truck say they are dime a dozen? I guess they are a commodity car. lol

 

My comments are in red and I sniped the parts of yours I didn't comment on.

To quote majorhavok:

" You can't modify or customize a lease the way you can a purchase. At least not practically. In fact the vehicle needs to carry (at least in California) the highest level of liability/comp/collision insurance required by the sales contract and lender. You also have to keep to a maintenance schedule the dealer dictates, as well as mileage and condition requirements, all of course with hefty fees attached."

All excellent good points which were left out of the praise of leasing. I leased once and found that isn't worth it for me. Due to the restrictions on mileage and the maximum insurance requirements. To each his own....

 

You are correct sir. I also buy brand new, sit it in the garage and twenty years later I still have a brand new vehicle. SO since your vehicle was a wonder product, that means they all are? My Sequoia had the front diff go bad at 60k miles, the CAT went bad at 72k miles.

Never changes brakes in 20 years! C'mon man. You either don't drive hardly at all or you are just a complete lack of maintenance person. No exhaust system? No bearings? All typical wear and tear for anyone that drives on a regular basis. SO I take it your truck was some kind of limited use vehicle. Never needed shocks on a 20 year old vehicle??

You don't believe the average driver spends $5k in maintenance on their vehicle in 9 years of ownership? C'mon man, you live under a rock. That is a very conservative number. Regular maintenance requires fluid swaps, transmission flush, alignments, etc etc etc.

Even if it is only $3k, the argument still holds.

Most owners seem to MOD away and spend way more than $5k.

ANd to those that think you can't do mods on a leased vehicle, guess it depends on the state. I can do whatever I want under my use. I just have to be willing to take it back to stock prior to turning it in.

I get full credit for the tax in my state so it may work out better for my area than other states. My state has none of the COUNTRY of CALIFORNIA liberal BS laws.

If you think buying is the way to go, have at it. I just get tired of the "you don't own" anything argument with a lease......you also did not pay for it. $327/month (paid it one time payment up front for 11800) to drive my SPORT DCSB 4X4 for 36 months. If there is equity at the end, guess what, I get that back also. I can buy it out after 3 years for $20800. Do you think that truck with under 36k miles will be worth more than $20800? I do, since I could not find a used one with those specs for anywhere below $27k. So I will just trade it in early, take my equity and drop it on the next lease.

 

Dude, just quit. Your argument doesn't hold any water and you're making yourself look dumber by the post. The only time that it's better to lease than buy is when you want to drive a vehicle that you can't afford to own.

 

I had a similar "call" from another local dealer. At least in our area, used late-model Tacoma's seem rare, but I don't see this as anything other than a win-win for a dealer. IMO I'd keep my current vehicle...and I am.

12Tac

 

I have been debating this scenario myself, but that is just because I put 25k miles on my truck in 11months, and got into a car accident. I would lose close to 7k if I did do this but would get a brand new truck with 0 miles. The nice thing was the free oil changes and maintenance but ill lose that next month cuz of my miles. Supposed to last 2 years ha!

To each his own. I think its definitely a losing scenario just depends on how much. If you have a low monthly payment your not losing to much cash to upgrade. And in my case I would lose quite a bit but would not have to think about my truck having an accident.

Just my 2 cents.

 

Oh and you don't own it!

 

The only time this may be a good idea is if you had second thoughts and could work out a deal on a tundra or something worth the cash.

 

I agree with the others . . it is a sales gimmick. Having sold cars for several years, the dealer is out to make money and is not interested in giving you the deal of a lifetime. It gets customers into the dealers showroom. Resale value is a matter of mind. If a vehicle treats you good and you keep it longer than 5 years, that is money in your pocket and residual value is a moot point.

When the salesman says, "We have a buyer for your car . . " , look around see those cars in the used car lot, guess who the buyer is.

As someone else said, after paying down on your current vehicle for two years or so, and now expected to put down a chunk of change on a new one, you are the one left out of pocket.

If your vehicle runs well and maintained who cares about being up to date? Unless you really need a vehicle it isn't worth it. .

When adding on mud flaps, bug shields, Bluetooth, pinstripe, etc., that's four to 7 years of financing charges, and most people trade their vehicles in before that anyhow. You can always add aftermarket technology afterwards, if you really want it and it is much cheaper. The dealers love it when you add on the tonneau cover, roof racks, extra special wheels . . . keep your money and do later as you can afford it, without the finance charges.

For instance, I had a 2001 Ford Ranger that I had bought new. The dealer wanted over $100 for mud guards. I bought them online for $29, and when I gave the truck to my son with 129,000 miles the flaps were as good as the day they were put on.

The old saying applies here . . "If it sounds too good to be true, it usually is”.