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Got my initial buyout offer from Toyota

Discussion in '1st Gen. Tacomas (1995-2004)' started by thenrie, Mar 4, 2010.

  1. Mar 4, 2010 at 4:58 PM
    #1
    thenrie

    thenrie [OP] Well-Known Member

    Joined:
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    Stafford, VA
    Vehicle:
    2000 Tacoma, SR5, TRD, 2.7L (LEV), 4wd, 5sp m
    Magnaflow cat and cat-back exhaust, AFE Stage 2 cold-air intake system, 2.5" lift via Skyjacker leaf packs, Bilstein 5100s.
    They called this afternoon and gave me a quote of $11,197.50. I was wowed. I was expecting about $10,500 and was expecting to have to argue for that. As it turned out, the dealership made a mistake on the equipment listing they sent to Toyota. They indicated I have electric door locks and windows, but I don't. I told the rep that, so she suggested we check the rest of the list. The dealership missed that I have the SR5 package and a CD/Cassette deck (it's nice when being honest pays off). So Toyota is refiguring the offer with those items included. They'll get back to me tomorrow. Not only that, they said I can take off my brand new 33" BFGs and put the old tires back on, and remove my class 3 hitch and trailer brake control without affecting the buyout figure (they already added on for off-road tires and tow package). So, all told, I should recoup pretty darn close to $12,000, once I sell my tires and hitch, for my 2000 Taco with 144K miles on it. I'm liking this! Check the classified section for the tires and hitch

    They said I have up to 3 weeks to turn it in. Now I'm seriously in truck buying mode!
     
  2. Mar 4, 2010 at 5:06 PM
    #2
    MikeyD

    MikeyD Well-Known Member

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    Mike
    Sayreville NJ
    Vehicle:
    2007 Toyota tacoma 4x4
    BHLM, HID kit, yellow fogs, Grill craft, Hellas behind grillcraft, LED cup holder mod, after market horn, extra reverse lights, under body glow for off roading at night, pro comp 7089's wrapped in 255/75/17 bfg mud terrains, Toytec coiovers sat at 3.25, 2" add a leaf with 5100's, Satoshi grill mod
    Wow! That is a great deal! What model do you plan on purchasing?
     
  3. Mar 4, 2010 at 5:08 PM
    #3
    psycho

    psycho Well-Known Member

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    missouri
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    08 tacoma TRD DBL cab
    Toy-Tec 3" W/rear AAL and diff drop
    why the buyout?
     
  4. Mar 4, 2010 at 5:17 PM
    #4
    Idrivetoys

    Idrivetoys Well-Known Member

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    Ryan
    Yuma AZ
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    I need a 4 door DC 4x4
    im still here, we can trade tires and you can have my 31's for whatever you buy that's stock :)


    j/k anyway, i want some 12.50s and AT


    good luck
     
  5. Mar 4, 2010 at 5:27 PM
    #5
    e-man

    e-man Active Member

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    eric
    los angeles
    Vehicle:
    07 silver PreRunner 4x2 TRD Off-Road
    pop n lock 5300, aries 4" oval black step bar, oem cargo divider , pioneer avic z110bt nav unit, pioneer ndbc4 backup camera, - just starting out but more to come
    yeah - what do you mean by a "buyout"?
     
  6. Mar 4, 2010 at 5:28 PM
    #6
    Idrivetoys

    Idrivetoys Well-Known Member

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    I need a 4 door DC 4x4
    the only buyout that you might imagine his 1st gen has would be rust, at least that would make sense to me
     
  7. Mar 4, 2010 at 5:29 PM
    #7
    thenrie

    thenrie [OP] Well-Known Member

    Joined:
    Sep 1, 2007
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    257
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    Male
    Stafford, VA
    Vehicle:
    2000 Tacoma, SR5, TRD, 2.7L (LEV), 4wd, 5sp m
    Magnaflow cat and cat-back exhaust, AFE Stage 2 cold-air intake system, 2.5" lift via Skyjacker leaf packs, Bilstein 5100s.
    Second question first: Well, the buyout is for frame rust (see gen 1 stickys). I took it mainly because there was no option. For 97-00 model years, they no longer offer the frame replacement. Secondly, for gosh sakes, man look at what they are offering!!! Initially, I wanted the frame replacement, because I absolutely love my truck and wince at the thought of it being dismantled, but after thinking about it, I just couldn't turn down that buyout offer. It is more than 1 1/2 times what it is worth (they offer 1.5 times BB, no matter the condition).

    First question: Much as I hate to say it, I need a full-size truck, because I'm going to retire soon and start a small business. I got permission from the boss (wifey) to buy a Dodge Ram 2500, 5.9 Cummins Diesel, 6sp manual, Quad Cab, long bed. They get about the same fuel mileage as my Tacoma with the 2.7, but they'll haul and tow a whole lot more.

    I'm telling you guys, there is no down-side to this! My face is starting to hurt from so much smiling!:D I wish Toyota had a 3/4 ton diesel.
     
  8. Mar 4, 2010 at 5:32 PM
    #8
    kingston73

    kingston73 Well-Known Member

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    eastern MA
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    Damn, I'm jealous. I wonder how many months seperate your 2000 from my 2001, and my only choice was frame replacement.
     
  9. Mar 4, 2010 at 5:33 PM
    #9
    EnolaGaia

    EnolaGaia Well-Known Member

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    01 SR: Double Cab conversion, S/C, lowered.
    Buyback is, and always was, your only option. Frame replacement was never an option under the earlier (1995.5 - 2000) frame rust program.
     
  10. Mar 4, 2010 at 5:41 PM
    #10
    onejsullivan

    onejsullivan Member

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    Cape Cod
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    08 Rugged Trail Prerunner
    campershell, rear spring tsb
    i had a '96
    and i stripped the thing, it barely rolled when i left it there. as a matter of fact the guy didnt care if it was running either. I took all i wanted. the insurance guy is an independent contractor, so he didnt care at all the day he gave me the check for the truck.
    so strip it!
     
  11. Mar 4, 2010 at 5:46 PM
    #11
    godofspeed

    godofspeed Washington State.

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    Steve
    Skagit Valley
    Vehicle:
    2010 4x4 TRD OR DC
    Body Armor front bumper Body Armor rear bumper Procomp 7089 16x8 285/75/16 BF MT Camburg LT Fox coilover All Pro 11 pack leaf Fox rear shock with DSC Allpro frame slider Smittybuilt 9500 winch Cobra CB w/firestick antenna. Hi-lift Smittybuilt air compressor
    Awesome Truck!!
     
  12. Mar 5, 2010 at 12:47 PM
    #12
    thenrie

    thenrie [OP] Well-Known Member

    Joined:
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    257
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    Male
    Stafford, VA
    Vehicle:
    2000 Tacoma, SR5, TRD, 2.7L (LEV), 4wd, 5sp m
    Magnaflow cat and cat-back exhaust, AFE Stage 2 cold-air intake system, 2.5" lift via Skyjacker leaf packs, Bilstein 5100s.
    Well, I don't want to seem judgmental, but I would feel dishonest taking things off the vehicle that were used to establish the book value for the vehicle. It has nothing to do with whether they are right or wrong. It has to do with what I agreed to. Now, as far as aftermarket accessories that have nothing to do with book value and would make no difference in the buyback value, that's another thing. Here's what I did:

    Toyota called me on Wednesday and offered $11,197.50, but when the lady started verifying the options on my truck, it quickly became apparent the dealership made some errors. She read off, "electric door locks and electric windows", which I don't have. I stopped her and told her I don't have them and figured that would make a difference. She suggested we go over the entire list and see if anything else was wrong. We discovered the dealer missed the fact that I have the SR5 package and also that I have a CD/Cassette player.

    Then I asked about the tires, since I discovered the rust as I was getting new tires installed (KBB gives an upgrade for oversize/offroad tires). She told me I could remove them and put the old tires, which are also oversize/offroad 31s, back on (glad I kept them). She also told me I can remove the hitch and trailer brake control (although today a different lady told me I could take the control, but the hitch is part of the KBB tow-package upgrade).

    The nice lady said they would have to refigure the amount and I would get a return call. So, today I get a followup telephone call. The new offer is $11,895.00. So, for once, being honest paid off. I got an extra $700 in the deal, and I still get to remove and sell the tires and trailer brake control.

    I place a high value on personal integrity. Normally it costs me in monetary terms, but every once in a while...:)
     
  13. Mar 5, 2010 at 12:56 PM
    #13
    sonjason

    sonjason Pink Taco Lover

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    ^^ There is no questioning integrity when the owner asked and was told that removing items is not an issue.

    Your value likely only went up because they figured in the SR5 package, not because of your honesty. :rolleyes:
     
  14. Mar 6, 2010 at 5:40 AM
    #14
    thenrie

    thenrie [OP] Well-Known Member

    Joined:
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    Stafford, VA
    Vehicle:
    2000 Tacoma, SR5, TRD, 2.7L (LEV), 4wd, 5sp m
    Magnaflow cat and cat-back exhaust, AFE Stage 2 cold-air intake system, 2.5" lift via Skyjacker leaf packs, Bilstein 5100s.
    Yeah, I guess I shouldn't have mentioned it. Honesty is a pretty personal thing. You just can't talk about it without somebody feeling judged and offended.

    But you might ask yourself, with whom would you rather do business?

    So long. I'm outahere!
     
  15. Mar 6, 2010 at 5:59 AM
    #15
    Love My Taco

    Love My Taco Active Member

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    Ohio
    Vehicle:
    05 TRD Sport xtra cab
    K&N CAI, 110 outlet in cab mod, ARE Cap, Yakima Racks, Stainless Bull Bar, tailgate lock
    They gave me 18,500 for my 2000. I still shed a tear when I had to leave it at the graveyard.
     
  16. Mar 6, 2010 at 6:06 AM
    #16
    luni

    luni Resident Gun-toting Hippie

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    Icon c/os, TSB 4 leaf pack, Unbreakable Fab tube winch bumper, Mile Marker SEC12000, Roadless Gear winch control panel, Bud Built skids, URD Pipe Bomb Y pipe, snorkeled rear diff breather, no carpet
    Friend of mine didn't have an air filter in her 2000 (NOTHING IN THE INTAKE), the engine was gunked to hell, skipped over the high mileage services, just an oil change, and the truck was getting ready to grenade when the frame rusted out and she got 12k for it. Then she turned around and it put it as a down payment for a full sized chevy:rolleyes: I don't get it.
     
  17. Mar 6, 2010 at 6:14 AM
    #17
    Taco-NB

    Taco-NB MMMMM Taco's

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    Positive rep for your honesty!

    I hope you have a long, happy and healthy retirement and many, many trouble free years with your new truck!

    Cheers.
     
  18. Mar 6, 2010 at 7:14 AM
    #18
    Incognito

    Incognito μολὼν λαβέ

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    See Build thread
    X2!
     
  19. Mar 6, 2010 at 7:24 AM
    #19
    akyota

    akyota Well-Known Member

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    Fairbanks, Alaska
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    10' DC trd-offroad mag gray
    none yet
    x3 :)
     
  20. Mar 18, 2010 at 7:50 PM
    #20
    coehorn1

    coehorn1 Well-Known Member

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    I have a near-mint condition restored 1996 Dodge 2500, 4x4, 5.9 Cummins, extended cab, auto trans, long bed. The Cummins is bullet proof but the Dodge "container" will never hold a candle to a toy truck (even a gas model).



    In most of the world, Toyota sells diesels in many models. In some countries, you could even specify a D4D diesel or an old fashioned turbo diesel. I would take *any* Toyota diesel before I would take any US products if I had the option.
     
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