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Credit Karma value, I’m RICH???

Discussion in '3rd Gen. Tacomas (2016+)' started by YOTA 4X4, May 2, 2021.

  1. May 2, 2021 at 3:52 PM
    #1
    YOTA 4X4

    YOTA 4X4 [OP] Well-Known Member

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    OME HD Lift all around, SCS SR8 Rims, 255 85 R16 Cooper ST Maxx, Decked Drawers, 30" Rigid Pro Light bar above bumper on Rago Mounts, Rigid Dually Side Shooters on Rago ditch brackets, Hondo Garage Un-Holey Phone Mount X2, Hondo Radio Knobs AR Bolt Face, Garmin InReach SE GPS synch'ed to Iphone for GPS only mapping, Wet Okole Seat Covers, Husky Liner Contour floor mats, 63 QT ARB Fridge on Alu-Cab tilting slide. GoFastCamper (#41), ARB 2500 Awning with Full Room, Mobtown Off-road Sliders and Full Aluminum Skids.
    3D9E1587-BBB7-46DB-BA31-27304376A7ED.jpg

    Edit- looks like somehow this got selected as a Pro mine is an OR. Still valued over what I paid just not over as much.

    Just logged into Credit Karma to look over things, as I occasionally do. I looked the Car portion and it says my Truck has increased $4800 since last month…. current value is about 6k more than I paid new. Not sure how that can be??? I mean I know the used market is hot but seriously?

    Truck has just under 40k miles and is paid off. I also have a lift, skids, wheels, and lights installed. I figure it’s worth $50,000 cash easy, any takers??

    Hahaha. I kid, I wouldn’t sell this truck for 50k but man used prices are NUTS! Anyone else seeing things this extreme?
     
    Last edited: May 2, 2021
  2. May 2, 2021 at 3:54 PM
    #2
    JKO1998

    JKO1998 Well-Known Member

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    This has been all over Facebook and I’m sure here for the last few months.
     
    YOTA 4X4 [OP] likes this.
  3. May 2, 2021 at 4:11 PM
    #3
    FantasyFreak

    FantasyFreak Well-Known Member

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    shakerhood and YOTA 4X4 [OP] like this.
  4. May 2, 2021 at 4:23 PM
    #4
    Claudiomartinof

    Claudiomartinof Well-Known Member

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    I checked caravana yesterday and they offered 36k for my 2019 off road MT.. that is what I paid for it.. it is tempting but I still need a car... I would seriously think it if I were working from home but not my case...
     
    CPS-65, Mrtacoman88 and YOTA 4X4 [OP] like this.
  5. May 2, 2021 at 5:01 PM
    #5
    Stocklocker

    Stocklocker Well-Known Member

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    Welcome to “Asset Inflation”. When governments print endless money, the resulting inflation in prices often starts with items the banks loan money against. Namely housing and automobiles. The newly printed money finds its way into the market this way. This inflation is typically tempered by raising interest rates, but that is not what is happening in 2021. It’s kinda a perfect storm which only benefits those who already have the assets. If you already have a house and a Tacoma, thank your lucky stars. If you don’t, you only have the benefit of low interest rates on the sky-high prices, that could ruin you if they were to rise.

    Good times!
     
  6. May 2, 2021 at 5:09 PM
    #6
    Professor D

    Professor D Ex retired lion tamer

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    Yes
    Anyone know if this is a more regional based thing. I put in my 2019 OR premium pckg with 40k and they offered me 29.5k on carvana.
     
  7. May 2, 2021 at 5:11 PM
    #7
    FantasyFreak

    FantasyFreak Well-Known Member

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    Not sure but you can try Vroom and Carmax. That or a different zip code. Not sure if that will work but it’s worth a shot.
     
  8. May 2, 2021 at 5:13 PM
    #8
    waffleiron

    waffleiron Well-Known Member

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    I couldnt get a value on my truck, too new i guess ¯\_(ツ)_/¯

    I put my gf Renegade in though, and CarMax offered 20k for it, thats effing crazy, probably a good opportunity for her to get out of her loan?
     
  9. May 2, 2021 at 5:13 PM
    #9
    Professor D

    Professor D Ex retired lion tamer

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    Yes
    I mean I don’t have much interest in trading/selling was just curious. Just a little baffling even if it’s a different site that OP has an offer 10k over mine and it’s 2 years older. Not questioning OP as I’ve seen the prices people have been offered for used in the carvana thread.
     
  10. May 2, 2021 at 5:19 PM
    #10
    FantasyFreak

    FantasyFreak Well-Known Member

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    Well the truck the OP has on the CK app is showing a TRD Pro and not an Off Road so that could be a big variant on there.

    I’ve put my truck into all 3 out of curiosity and they differ by about $3k-$4k messing around. This also got me into buying a new one as I will be getting way more than I paid for my truck to begin with and will allow me to get into a new one for same payments as I make now.
     
  11. May 2, 2021 at 5:21 PM
    #11
    Professor D

    Professor D Ex retired lion tamer

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    Okay that makes more sense I just noticed the OR in the profile info.
     
  12. May 2, 2021 at 5:54 PM
    #12
    YOTA 4X4

    YOTA 4X4 [OP] Well-Known Member

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    Amen, We have three cars and a home, and really anything We could want. Unfortunately we also have retirement accounts that I fear won’t track with inflation and that scares the hell out of me. This truly is a terrifying time.
     
  13. May 2, 2021 at 5:59 PM
    #13
    the.sight.picture

    the.sight.picture Wishes he was in the woods.

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    Check out my build thread (Beginning of Money Pit)
    Thats just inflation working its magic. Its what happens when you make printer go brrt
     
    YOTA 4X4 [OP] likes this.
  14. May 2, 2021 at 6:06 PM
    #14
    YOTA 4X4

    YOTA 4X4 [OP] Well-Known Member

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    I don’t know how it got selected as a Pro but you’re right. I just did KBB and it’s values the private party sale at 39k and trade in at 35. Still I only paid 35k when it was new. Not bad. Crazy times!
     
    Professor D likes this.
  15. May 2, 2021 at 6:15 PM
    #15
    SpanishTaco

    SpanishTaco Well-Known Member

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    Yeah, I wish I had the papers now, but supposedly, dealer offered me a "guaranteed" offer of $28K for my 2015. TRD Sport (no trade in necessary) :cool:.

    I just got it late in 2020, so still owe $$$, but took me over a year to find it (unmodified, low mileage, and full maintenance records to boot). Don't think I'll find another anytime soon if at all, and 2018+, which is earliest after 2015 I'd consider to replace what I have, is only other truck I'd likely consider. Their at even crazier prices:crazy:. So, can't see pulling the trigger on it. We'll see where we land in another 4-10 years, I'm sure I'll get my money's worth from what I have already.
     
    Professor D likes this.
  16. May 2, 2021 at 6:16 PM
    #16
    Professor D

    Professor D Ex retired lion tamer

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    Yes
    Indeed man unfortunately just like the housing market it only works if you aren’t just selling to buy something else. Although Tacoma’s seem to be a peg above others still in the used vehicle market. Enjoy your new found riches!
     
    YOTA 4X4 [OP] likes this.
  17. May 2, 2021 at 7:13 PM
    #17
    Amanelot

    Amanelot Member

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    My 2016 sport with 121k on carvana they offered $21343 cash.

    Very tempting since I have 2 vehicles
     
    YOTA 4X4 [OP] likes this.
  18. May 3, 2021 at 11:10 AM
    #18
    CDNTacoma2019

    CDNTacoma2019 Well-Known Member

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    Warren Buffett could just buy up all the Tacomas, hold them a few months and sell. Better return than the stock market.
     
    Claudiomartinof likes this.
  19. May 3, 2021 at 11:15 AM
    #19
    JMcFly

    JMcFly Well-Known Member

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    Tacomas and the big lego sets are very sound investments.

    A vw beetle I bought 7 years ago sells for $800 new in the box now. If I had the foresight I would have bought 5 of them since they were all on markdown at the lego store. Get them graded and stuck in acrylic boxes in my temperature controlled walk in closet.
     
    Malvolio likes this.
  20. May 3, 2021 at 11:28 AM
    #20
    anthonynoriega

    anthonynoriega I just wanna disappear and find nothing.

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    OV Tune 2.0, UpTop Rack, RTT, Total Chaos Bed Stiffeners, LED Grille Lights, Custom decals and pretty stickers.
    2019 SR5 DCLB - my value based on my inputs... $37k.... I paid less than that and owe wayyyy less than that. Are these offers real? or do you end up getting screwed over in the fine print.
     

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