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Taco Residual Value down the drain

Discussion in '2nd Gen. Tacomas (2005-2015)' started by bishtacova, Feb 14, 2010.

  1. Feb 14, 2010 at 6:25 AM
    #1
    bishtacova

    bishtacova [OP] Don't buy a Ford

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    By MarketWatch
    Toyota Motor Corp (TM 77.05, +1.05, +1.38%) trying to overcome bad press from recent recalls, is considering offering cash discounts and longer warranties to lure buyers in the U.S., Bloomberg News reports Friday, citing dealer executives. The 10-year extended warranty and discounts of thousands of dollars per vehicle would start in March, according to the executives cited in the report. A Toyota spokesman declined to comment to Bloomberg.

    So much for high resale value...
     
  2. Feb 14, 2010 at 6:49 AM
    #2
    BirdTRD

    BirdTRD Unsuspectingly striking from above

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    I'd be willing to bet this is a short-term downfall. Toyota has been considered one of the best for about 30 years. One mishap won't override that.

    Americans forget fast, real fast.
     
  3. Feb 14, 2010 at 7:31 AM
    #3
    HAMSOLO

    HAMSOLO Member

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    Was planning on going to get one this week, but I can wait a couple weeks and see how this unfolds. I figured something like this would be coming, the dealership is absolutely empty.
     
  4. Feb 14, 2010 at 7:37 AM
    #4
    Switchback

    Switchback Well-Known Member

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    i'm planning on driving my tacoma until it dies, so whether the resale value is high or low doesn't affect me in the least...
     
  5. Feb 14, 2010 at 7:46 AM
    #5
    Razorecko

    Razorecko Well-Known Member

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    As long as the recalls/tsbs aren't too crazy i see the tacoma holding its value better than the other toyotas. Dealers have enough of a problem stocking them now, if they're discounted even a little they'll be on even shorter supply. That itself will keep our values/used tacoma prices up. Doesnt bother me much either way as my plan was to drive my taco to the ground.
     
  6. Feb 14, 2010 at 7:50 AM
    #6
    Brunes

    Brunes abides.

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    DC or New Jersey - Depends on the day....
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    Tacoma = Not officially affected by any of the major issues (thus far). It'll do alright if it is not connected to any of the recalls.
     
  7. Feb 14, 2010 at 7:52 AM
    #7
    whitebread

    whitebread Well-Known Member

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    Damn straight! A year from now if you mention bad press about Toyota people will look at you with a blank stare and have no clue what you are talking about.

    They are great trucks...no way to hide that shining through.
     
  8. Feb 14, 2010 at 7:53 AM
    #8
    TRICOMA

    TRICOMA Tacoma with the TRI package

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    I'm with this guy...so I can careless about the resale value...and when it's time...I'll buy another Toyota. It beats getting another maker that has a history of recalls and poor cars.
     
  9. Feb 14, 2010 at 7:59 AM
    #9
    Janster

    Janster Old & Forgetful

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    I want an extended warrantee!!
     
  10. Feb 14, 2010 at 8:04 AM
    #10
    oldtacomaguy

    oldtacomaguy four forty four

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    X2, Ive been thinking along these lines since all this started. Hopefully they will increase the "weak" 3 year 36000 mile warranty on new cars and trucks and extend the existing warranty on models still under warranty. Probably just a pipe dream but you never know.
     
  11. Feb 14, 2010 at 8:05 AM
    #11
    rb11701

    rb11701 Oh yeah!

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    How the Taco keeps missing out on these recalls is amazing.
     
  12. Feb 14, 2010 at 8:07 AM
    #12
    jandrews

    jandrews Carolina Alliance Southwest Region Ambassador

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    Meh, who sells a Taco anyway.

    And our resale will still be better than all the competition.
     
  13. Feb 14, 2010 at 8:29 AM
    #13
    tacolunatic

    tacolunatic Active Member

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    I think the Tacoma will retain it's value. Just did quick research and found 5 used trucks like mine within 200 miles of where I live. One was a 2010 the other 4 were 09 most had 12K-15K miles and all were more than what I paid for my 2010 TRD Sport brand new with 9 miles on it.
    Seems like they are still holding value.
     
  14. Feb 14, 2010 at 10:40 AM
    #14
    Taco4x4NC

    Taco4x4NC Well-Known Member

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    I am not the least bit worried about the resale value of my 2010 4x4. I don't ever plan on selling it. :D

    I have owned Toyota trucks since 1989. Still the best truck in the world IMHO.

    On the other hand if it was a 2010 GMC Canyon or Chevy Colorado or worse yet a Dodge Dakota?? I would be very concerned. :D
     
  15. Feb 14, 2010 at 10:54 AM
    #15
    jandrews

    jandrews Carolina Alliance Southwest Region Ambassador

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    If you had a GM or Dodge vehicle, you wouldn't have any resale to lose in the first place. Those two depreciate faster than almost every other brand.

    I remember reading a while back that Rams retain something like 26% of their value after 2 years? That's fucking horrifying.
     
  16. Feb 14, 2010 at 10:55 AM
    #16
    fletch aka

    fletch aka www.BeLikeBrit.org

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    It's like home values, as long as your not selling right now you will be fine. With everyone jumping ship it's only a matter of time for the other guys problems to come out. I will take my chances with Toyota.
     
  17. Feb 14, 2010 at 11:23 AM
    #17
    whitebread

    whitebread Well-Known Member

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    I am thinking about trading for the same truck in a 4x4...does that count? :cool:
     
  18. Feb 14, 2010 at 11:37 AM
    #18
    brian

    brian Another Traitor

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    Believe me, plenty of other vehicles have far worse issues that never get recalled. Ford is a big one. Toyota just got pressured into this one.
     
  19. Feb 14, 2010 at 11:39 AM
    #19
    eight3one_offroad

    eight3one_offroad Honey your two French Fries short of a Happy Meal.

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    This is the first time Toyota has had a failure on something, give them a break. I'm glad I don't own a Ford. My dad has a 08 F250 FX4 Diesel 6.4L and it's always in the shop every other day! ugh that things a POS.

    - Rich
     
  20. Feb 14, 2010 at 12:39 PM
    #20
    Kyouto42

    Kyouto42 Iron Beard

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