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used more than new

Discussion in '4 Cylinder' started by jbandt, Apr 24, 2013.

  1. Apr 24, 2013 at 10:45 AM
    #1
    jbandt

    jbandt [OP] Active Member

    Joined:
    May 14, 2012
    Member:
    #78822
    Messages:
    26
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    Male
    So I've been looking at new vs. used in the 4cyl double cab market. Why is it that when I compare like models the used comes up being worth more than new? Specifically I've seen several 2011 models with prices in excess of 25k while new they are 25k or less. I've even compared prices on KBB and they confirm this. I'm dumbfounded. I know the used car market is strong, but it doesn't make sense to spend more on something used.

    I posted this here because I'm looking specifically at the 4 cyl double cab prerunner and wondered what you folks might think.
     
  2. Apr 26, 2013 at 7:53 AM
    #2
    jassco

    jassco Well-Known Member

    Joined:
    Aug 3, 2009
    Member:
    #20568
    Messages:
    557
    Gender:
    Male
    Boston
    Vehicle:
    2010 Access Cab 2.7L SR5 5spd, 4x4
    5100 set to .85 w/ rear TSB, 2012 Rear-view Mirror, Grillecraft, Team Trails FJ Wheels, TPMS canister, Rear headrest delete, Rear console delete, Valley Hitch, Frame undercoat, $2.99 Tailgate hose clamp lock, Avid light bar, 4x4 lighted switch ala Biceman.
    It has to do with the market. A lot of people cannot get a new car loan because of their credit, but they can get one for a used car. They jack the price on the used because the demand is higher on used cars right now.
     
  3. Apr 27, 2013 at 3:56 PM
    #3
    chunt5

    chunt5 Senior Citizen Member

    Joined:
    Jul 23, 2012
    Member:
    #83210
    Messages:
    98
    Gender:
    Male
    First Name:
    chuck
    Cumming, Georgia
    Vehicle:
    2015 DCSB, Prerunner, SR5, 4.0
    Just curious, I looked up my truck, a 2012 Access Cab SR5 base with AT.
    KBB certified pre owned retail value with 10k is $23,537.
    MSRP on my truck was $23,490.
    Weird!
     
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