Bought a 2016 Tacoma... with 191k on it

I’d look at the brakes, shocks, and if it’s a V6 I’d look at the coolant crossover on the back of the engine.

 

Yeah, that's all I was saying. Of course plenty of vehicles make it to 200k, even 300k with regular maintenance. That should be the expectation these days, not the outlier.

The difference is Toyota's still hold their value, while domestics do not.

I should have said something more along the lines of it "blows my mind that people spend money on new vehicles that depreciate that fast," with the caveat that I come from a point of view of wanting to keep my vehicle for as long as possible, but it's nice to know it won't be worth pennies on the dollar if I choose to sell it early.

Obviously it's different if your situation is different, i.e. trading in every few years, buying a beater with a heater, etc.

All I know is, consistently, people still get absurd amounts of money for older Toyota's in comparison to older domestics, which in my mind is the strongest indicator of a quality product.

 

Yes your points are valid, on brand new Tacomas

the OP is the one who is overpaying per se for that 200k mile vehicle. You don’t gain an advantage buying a Toyota for a high price with 200k miles. You’ve given the advantage to the prior owner.

 

I would agree. Although the value of the truck is likely still the same under OP's ownership, there's a lot a risk involved. I'd be interested to know if this is financed or not. Sounds like OP went to a dealer and test drove multiple on the lot, and tacked on an additional warranty, so sounds like a dealer purchase. I just wonder if this was out the door price paid in full, or amount being financed without interest factored.

 

If all I cared about was depreciation I would've spent a lifetime driving boring Camry's. No thank you.

 

Right. Assuming the original purchaser paid $40k, they got 200k miles for essentially $20k after selling, which is outstanding value.

OP may be hoping for another 200k miles for his $20k, which is obviously less likely, especially as more maintenance would be expected. However, 200k miles on an 8 year old vehicle has to have significant highway miles on it. Personally, I'd take a vehicle that was driven 25k miles a year vs. one with less than 10k miles per year.

I've always wondered if the difference in volume has anything to do with resale value as well. They sell 3-4x as many F150's a year as Tacoma's, so naturally it would make sense that they aren't worth as much used because of the larger market volume to choose from.

 

Probably is a valid point, right now you can get RAM 1500s for 20% off MSRP, and they’re sitting on lots. People are still paying MSRP for Tacomas as they’re harder to get at the moment.

 

It seems to me Toyota is enjoying record profits, rather than record volume sales at the moment. Less vehicles, more money per

 

Do a full flush. When the trans starts to slip, take them up on the warranty.

 

That's another thing I've always thought was curious, and something that I think is also an indicator of quality. Toyota typically sells at MSRP, sometimes above but rarely below, where most other trucks seem to regularly run huge discounts.

I don't know if that's just a marketing ploy or an actual indicator of quality. Most guys I know love telling stories of how they got X amount off their truck purchase, but to me, that always seems like the MSRP must be heavily inflated.

If RAM is selling trucks for 20% off, they are still making money on every truck, which means MSRP is significantly higher than the actual dollar figure for them to turn a profit.

I appreciate the way Toyota does things. MSRP is what you can expect to pay, and I personally hate haggling, so it was refreshing to know that I was getting close to the best deal possible just by walking in the door. Could I have called 50 different dealers within 500 miles of me and saved $2-3k? Maybe. But the hassle wasn't worth it for me. Could I have waited for some big Toyotathon with a mail in rebate and got $10k off my truck? Absolutely not, but it seems to work for the domestics.

 

My first 3rd gen was 2018, i got 5k off MSRP.
I’d prefer personally for them to make as many as possible, flood the market- i can get what I want without waiting, and at a price I’m comfortable with.

 

All half tons are $30k trucks with options. Those guys have it down to a science of engineering $50k of options you can put on an F150/1500 where options parts costs are probably less than $10k vs taking less profit but selling more vs selling enough for bragging rights.

Didn't GM recently announce they will slow down production of their 1500's to constrain supply (and increase per unit selling price)? The supply chain shortages gave the dealer and manufacturers a reason to hit the reset button on the big discounts. Why sell for a discount when you can sell for more? At some point people can't wait to replace a vehicle and have to buy something.

 

sure, but the car industry was always set for volume- that’s why the service departments are huge business as well, less volume, less service.

i promise you, if manufacturers play the game of producing less- another manufacturer will pick up the volume and pick up sales on the competition.

also, people don’t have free money coming from the government anymore, it’s a different market.

 

man thats way too expensive. you definetly got scammed.

 

Wait ... If it werent for Toyota Dealers, where would all the Tacomas come from?

 

My main reason for the dealer is local shops have been short staffed and I feel like are hiring just anyone and I would prefer to have someone knowledgeable about Toyotas a little more than the average mechanic. Though I know that's not always the case.

 

The main reason I went the route I did is I wanted a pickup truck and I hate the interior design of all other trucks... I have had 2 3rd gen tacomas and sold the last 2016 I had for 3k more than I paid for it after having it for 4 years. So in that regard, I am a snob and only would take a Tacoma.

I know it's a gamble... but when a 2016-2018 with 120k miles sells for 32k, I thought saving 12k would be worth the risk (also why I had them put a year powertrain warranty on it). If something is going to break on me, it'll likely happen within the year (I'm hoping so as to be covered under that warranty).

 

I love the analogy... This is what I have heard and just wanted a 2nd opinion on my thoughts.

 

Spicy, you obviously haven't been looking at buying a Tacoma for 6 months like I have been. The cheapest Sport model of anything 3rd gen is 30k+ in my area.

Sorry for all the replies... I should have used the mulitquote, but I thought I would just reply to one, then another... then another