1. Welcome to Tacoma World!

    You are currently viewing as a guest! To get full-access, you need to register for a FREE account.

    As a registered member, you’ll be able to:
    • Participate in all Tacoma discussion topics
    • Communicate privately with other Tacoma owners from around the world
    • Post your own photos in our Members Gallery
    • Access all special features of the site

Depreciation Hit - Lower on Newer Truck or Older Truck?

Discussion in '4 Cylinder' started by jeckel30, Feb 28, 2011.

  1. jeckel30

    jeckel30 [OP] Member

    Joined:
    Feb 28, 2011
    Member:
    #52022
    Messages:
    5
    Gender:
    Male
    I am looking at picking up a Tacoma to pull around a trailer for a year across the country for a project I have coming up next year. I will be pulling a 13ft. Scamp and living in it as I do a few different documentary shoots. I have settled on a 4 cylinder Tacoma for MPG and reliability.

    My question comes on depreciation. I will use it for a year and most likely sell it after the project comes to a close. Do you think it would be better to spend 11k on a newer 2008 PreRunner with 28k or would it be better to buy an older 2002-2003 2WD around 90-100k? I anticipate putting on 20-25k over the course of the year. I just don't know if the mileage hit on a newer truck will depreciate it faster than an older one or if it is worth the extra money up front for the reliability of something newer? Thoughts?
     
  2. Janster

    Janster Old & Forgetful

    Joined:
    Mar 25, 2007
    Member:
    #1138
    Messages:
    13,555
    Gender:
    Female
    First Name:
    Jandy
    Lancaster, PA
    Vehicle:
    2007 4.0L 4x4 TRD Sport Access Cab A
    Advantage Torza top (tri-fold), Husky floor mats, RuffTuff seat covers, C2C hood struts, Homelink mirror, USA Spec PA15-Toy (120gig Classic & 8gig nano), Garmin Nuvi 660, Protecta Bed mat, Pop-n-lock, TSB Springs, Scangauge II, Heated drivers seat, Fumoto drain valve, Aries pushbar, PIAA 540 fog lights, Hood scoop grahics, Flowmaster 50 series dual catback exhaust, RainX Latitude windshield wipers, Husky rear floor liner (ontop of folded down seats). Console Vault.
    I don't think anyone can answer that..... it all depends on YOU!! For the most part, tacomas hold their value. If the value drops - it'll probably be because of the mileage you've racked on it.

    For example:
    If you shop around and find a nice 1st gen from a private seller who's desperate to get rid of it and you haggle to get a better price.....VS buying that same truck from a dealer who'll rape you.

    Then -in 2 years.... turn around and sell it privately and find someone who wants it bad and willing to pay top dollar for it .... VS ... Trading it into a dealer who gives you nothing for it.

    If this is something you're only gonna use for 2 years.... it'll only be worth it if whatever you buy....is PAID IN FULL. Doesn't matter what you get, first gen or 2nd gen..... DON'T GET A LOAN or you'll get raped for interest.
     
  3. jeckel30

    jeckel30 [OP] Member

    Joined:
    Feb 28, 2011
    Member:
    #52022
    Messages:
    5
    Gender:
    Male

    A Scamp 13Ft. is pretty small. It weighs about 1,000lbs. Amongst Scamp owners there is a guy who is averaging 22mpg with his.
     
  4. jeckel30

    jeckel30 [OP] Member

    Joined:
    Feb 28, 2011
    Member:
    #52022
    Messages:
    5
    Gender:
    Male
    It will be paid in full. I will be buying from a private party versus a dealer. I am just unsure how much of a hit it would take from mileage.
     
  5. jeckel30

    jeckel30 [OP] Member

    Joined:
    Feb 28, 2011
    Member:
    #52022
    Messages:
    5
    Gender:
    Male
    Per US gallon.
     
  6. ISUGrad05

    ISUGrad05 Public Servant Enemy #1

    Joined:
    Dec 6, 2010
    Member:
    #47262
    Messages:
    273
    Gender:
    Male
    Wichita, KS
    Vehicle:
    2012 4x4 5.7 Tundra DoubleCab
    Well the older the vehicle the more it has likely depreciated and the less it has left to depreciate. If you do not plan on keep the truck for the long run you would probably be better off buying the older truck. That is if the older truck is still in good mechanical condition and won't cost a lot to keep on the road. Plus and older vehicle is generally cheaper to insure and license.
     
  7. KenLyns

    KenLyns Lord of War

    Joined:
    May 23, 2010
    Member:
    #37674
    Messages:
    20,104
    Gender:
    Male
    Belly of the Beast
    Vehicle:
    4x4 TRD Off Road Full-Auto
    All-Pro Front Bumper, All-Pro UCAs, Icon ET Coilovers, Icon VS Rear Shocks, TSB Leafs, Timbren Bumpstops, CBI Sliders, ViAir Compressor, Klearz LED 3rd Brake Light, Pop-N-Lock Tailgate Handle, Husky Front Flaps, Deeza HD Sway Bar Links
    Instead of asking, use Kelley Blue Book online calculator. This way you get average pricing for your region. Check the private seller value for a 2008 PreRunner with 28k vs 50k. Then check the same for a 2003 2WD with 90k vs 113k.
     
  8. Janster

    Janster Old & Forgetful

    Joined:
    Mar 25, 2007
    Member:
    #1138
    Messages:
    13,555
    Gender:
    Female
    First Name:
    Jandy
    Lancaster, PA
    Vehicle:
    2007 4.0L 4x4 TRD Sport Access Cab A
    Advantage Torza top (tri-fold), Husky floor mats, RuffTuff seat covers, C2C hood struts, Homelink mirror, USA Spec PA15-Toy (120gig Classic & 8gig nano), Garmin Nuvi 660, Protecta Bed mat, Pop-n-lock, TSB Springs, Scangauge II, Heated drivers seat, Fumoto drain valve, Aries pushbar, PIAA 540 fog lights, Hood scoop grahics, Flowmaster 50 series dual catback exhaust, RainX Latitude windshield wipers, Husky rear floor liner (ontop of folded down seats). Console Vault.
    The best you can do...is do some research online at private sellers ads and find out what trucks are going for with XX mileage.
    www.cars.com
    www.autotrader.com

    But honestly? Why worry about the depreciation? If you have a task to perform and you need a truck to do it.....just get it done.
     
  9. fratermus

    fratermus Active Member

    Joined:
    Aug 2, 2010
    Member:
    #41150
    Messages:
    30
    Gender:
    Male
    If the documentary is for commercial purposes the costs of the truck might even be tax deductable in some way. (Caveat: IANAA, nor do I play one on TV)
     
  10. MQQSE

    MQQSE Chief Pal Guy

    Joined:
    May 6, 2010
    Member:
    #36646
    Messages:
    20,008
    Gender:
    Male
    First Name:
    Rob III
    Palmer, AK
    Vehicle:
    07 4cyl/5spd/4x4 Access Cab SR5
    Fog Lights, Speaker Upgrade, Toolbox, Tow Hitch, Wet Okole Seat Covers, BackRack w/ LightForce 170s & aux utility rear light, Firestone Ride-Rite Air Bags, ProEFX Heated Towing Mirrors, ImMrYo Rearview Mirror Riser
    Very good point...look into the tax angle.

    IMHO...the 2nd Gen is a better tow vehicle.

    6 cyl versus 4 cyl for a trailer the size of a Scamp might be a mute point, depending on the terrain; i.e. might want the extra power if a lot of mountainous territory will be traversed.

    But the 4cyl/5spd is uncomplicated and very dependable; tows both my 7x12 flatbed trailer loaded with 3 ATVs (about 2500 lbs total) and my 6x10x7 high enclosed cargo trailer (about same weight loaded, but add wind resistance) without a problem. The wind resistance seems to make the biggest dent in fuel mileage.

    Additionally, if you anticipate being in wintry conditions, consider 4WD.

    As far as depreciation, these trucks hold value very well. As already stated here, look at KBB/NADA/Edmunds. Determine the book value difference for like trucks with various mileage. Figure the ratio, and then plan to loose about that when you go to sell it in a year or so.

    That's my two cents...
     
To Top