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Would you buy this 2001 tacoma?

Discussion in '1st Gen. Tacomas (1995-2004)' started by Taco newbie, Jan 11, 2018 at 9:19 PM.

  1. Jan 12, 2018 at 12:16 PM
    #21
    Axinex

    Axinex Desert Rat

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    Line-X spray-in bed liner DIY sleeping platform 31" Toyo Open Country AT2
    Keep in mind this is in Canadian Dollars, not USD. 12k CAD comes out to around 9k USD.
     
  2. Jan 12, 2018 at 12:20 PM
    #22
    Taco newbie

    Taco newbie [OP] Member

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    Thanks for all the advise gentlemen!! I love the black trim he put on the front and sides.
    The mileage is in kilometers and Canadian dollars.
    It sucks that tacos here on the west coast are priced so much higher than the east coast!! But I really want one!!!
    I don’t think I’ll buy if he can’t budge from $12k. He originally posted it for $15k!
    Hope to hear more advise guys. Thanks again for taking the time to read this thread.
     
  3. Jan 12, 2018 at 12:32 PM
    #23
    onakat

    onakat Well-Known Member

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    I answered in a canadian perspective, as I am canadian myself :)

    The reason is because the climate is much better on the west coast. On the east coast, the trucks are suffering from the harsh winter and are mostly eaten up by the salt and chemicals put on roads during winter
     
  4. Jan 12, 2018 at 12:40 PM
    #24
    Taco newbie

    Taco newbie [OP] Member

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    Here is another one I’m conaidering. Much lower km but might not be able to negotiate much room.

    FFF6A497-D992-401D-B4F8-2679BC799A74.jpg
    8EAB57EC-9D7C-484D-AC73-BA06A67F5849.jpg
    48A0D4E5-D59D-4338-B136-9D11799E448C.jpg
    4D73F877-73FB-4855-A40F-83DBAE8C59C8.jpg
    A4C03BB7-F8DB-482E-B090-EF87680BE680.jpg
    D20D2B79-6B05-456B-B4B4-8EA92DDFF4FE.jpg
    60E16404-B0B9-4F87-9073-1FD13ADC9C3F.jpg
     
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  5. Jan 12, 2018 at 12:44 PM
    #25
    Axinex

    Axinex Desert Rat

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    Ah okay. I missed that. Carry on! :anonymous:
     
  6. Jan 12, 2018 at 12:50 PM
    #26
    onakat

    onakat Well-Known Member

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    same for this one:
    check the frame for rust, then check if truck is mechanically sound and in an overall good condition (body and interior wise)

    CAD $13k is still a premium price, so I would expect it to be in very, very good condition.
    Mileage is much better on this one.
    The only thing, though, is that it isn't 4x4. So for me, that would lower its value. Unless you don't mind it being 2WD, but meh I'd prefer it to be 4x4 at this price

    haha, that's ok :p
     
  7. Jan 12, 2018 at 12:52 PM
    #27
    specialized7

    specialized7 Well-Known Member

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    ,Saskatoon, Canada
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    I paid half that for a 2nd gen with half the kms in sask
    Also I sold an 01 with that many k for 4000 and it had way more new parts
     
    Taco newbie [OP] likes this.
  8. Jan 12, 2018 at 4:34 PM
    #28
    ghs57

    ghs57 Well-Known Member

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    Pretty much stock with a small lift and Timbrens
    That's a lot (even in CAD) for the '03 prerunner, even though it's a double cab.

    Some of us Tacoma owners think our trucks are worth a million bucks. But our emotional attachment doesn't add any objective value to what are becoming very old vehicles. I still love mine though, right to the bitter end.
     
    Taco newbie [OP] likes this.
  9. Jan 12, 2018 at 4:44 PM
    #29
    Taco newbie

    Taco newbie [OP] Member

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    You are right. We all think our cars are worth more than they really are. If that car is priced under $10k then that would be a fair price?
    Would it be insulting to offer $6000? It is a 2003 but on the other hand there is only 212km.
    How do you guys negotiate? Before inspection or after an inspection?
     
  10. Jan 12, 2018 at 9:21 PM
    #30
    Indy

    Indy Master of all I survey.

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    99.9999999999999% of vehicles will never see a pre-sale inspection. I negotiate for a living, both with banks and with people.

    Rule of thumb, people are a pain in the ass to negotiate with. Everything is personal, anything lower than full price is insulting, facts and logic have no bearing. A seller, in his mind has the best thingy in the history of thingies. He's doing you a favor just by humoring the mere thought that you might own his thingy. You should probably let him sleep with your wife as a thank you.

    Get the idea? So negotiating 101. The asking price is higher than he expects and 2 steps higher than value. Your job is to get it at less than value, which will be 3 steps lower than asking price. Here's the tricky bit, finding the sweet spot. Think of 4 steps below asking as a minimum offer unless you KNOW he is in a bad spot. 4 steps is almost insulting but not quite. It's right on the lIne.

    A seller is generally willing to go 1 to 1.5 steps. You want him to step towards you at least 2, but insult him and he won't go more than 1/2. Rookies and laypeople think you should start at 1/2 asking and you'll land at 3/4. Starting at half only pisses the seller off and his first step just went from 4/5 to 15/16. And he will dig in his heels at that point. If you start reasonably the seller will often respond reasonably. As long as both sides continue moving towards each other the have good odds of meeting

    So how do you decide what's reasonable for value? Hold on to your hat, it's by learning FACTS! Not subjective opinions, not looking to see what people are asking on craigslist, objective facts. Banks use 1 of 2 sources, at least in the us. Kbb and nada, nothing else unless it is a unique item, which a tacoma is not. Here is where the wailing begins and the flames get higher as the tacoma-verse screams that "up here a tacoma is worth WAY MORE than book value!" Except it's not.

    NADA and KBB don't dictate what a vehicle is worth. It is a summary of what they have actually sold for in your area. In other words ask yourself "if everyone in the area has paid $10 for an identical item, why should I make myself pay $20?" imagine going to the bank and arguing "I want a bigger loan because j really like the color!" Banks don't care, neither should you.

    Asking price of comparative vehicle is absolutely meaningless. If everyone asks for a million dollars, but everyone sells at 1.50, the value is 1.50. That's not to say that no one pays asking price, there's always someone out there that just HAS to have that item. On the seller side I've seen it a lot. I've made a lot of money because of it. It's a good thing, when your selling.

    They fall into auction mentality that they will own it despite any common sense, period. Odds are you are not looking at a one in all of existence vehicle. They made hundreds of thousands of them. Find the value, decide what your maximum price is and stick to it. It's not anyone else's money, so asking what they would pay is meaningless. It's easy to spend imaginary money, just ask the govt. Once you reach that number, walk. I fact walk before you reach it. The sight of money leaving can spark a chase.

    Good luck, have fun, and remember how many other vehicles there are that you could buy instead. But also remember that paying value IS NOT A BAD THING. You paid what it's worth, it's not the end of the world. If you buy a soda for $1 you don't get upset that walmart wouldn't take 80 cents. Getting a deal is fun, paying value is fine, don't overpay for no reason .



     
    Last edited: Jan 12, 2018 at 9:27 PM
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  11. Jan 12, 2018 at 9:48 PM
    #31
    Taco newbie

    Taco newbie [OP] Member

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    Thanks for the awesome advise Indy!
    You sound like someone who is an expert in negotiating and a mind reader!!
    I have a pretty tight budget so will wait a bit longer until he lowers it again. He lowered it from $15k to $12k in a couple of weeks. So I’m sure he might do it again. If it’s sold I guess then it’s not meant to be for me. You’re right, be patient and that’s not the only Tacoma.
    Thanks
     
  12. Jan 12, 2018 at 9:55 PM
    #32
    Itchyfeet

    Itchyfeet Well-Known Member

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    NADA and KBB are just corporations throwing shit at a wall and hoping it will stick. When I sold my 85 KBB and NADA said one number and I still got six times that amount. I had a few LOL calls when people brought up well book value, um yeah well go find one at that price.
     
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  13. Jan 12, 2018 at 10:14 PM
    #33
    callmeammo

    callmeammo Well-Known Member

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    Download an app like cssmart. It will lwt you search statewide or multiple states or I assume Canada. You’ll get an idea of what trucks go for in your region and its the best way I found to look at used cars. Easier than any website I tried. It lets you save favorites and such. Paying for the app is worth it for that reason.

    You can get a better idea of how people are adjusting for mileage and features, but you’ll need to test drive some trucks to see what you want.

    The first truck i test drove was a gold double cab with a body lift. It was stuck in 4hi and would not shift back to 2wd. It had 160k miles, the door panels were covered in grease and the guy was asking $14000 usd. No thanks, but it was a good lessen because it made me become more familiar with what I wanted.

    You need to know whether you want 4x4 or prerunner first. Then you need to decide if you want the rear locker if you are getting a 4x4. You’ll need to decide if you want the features that come with an sr5.

    If its lifted, you’ll want to know the difference in different types of lifts and whether it is body or suspension. There is a lot to consider. Read up like you’ve already bought while you are looking and it will help you know what to look for and what to avoid. Check for rust on the frame.

    Get a carfax report when you start to get serious. It saved me from buying a car with 100k roll back that was in otherwise great shape. Might be best to get one of the multi vehicle packages once you know you are going to be buying soon.
     
    Taco newbie [OP] likes this.
  14. Jan 12, 2018 at 10:19 PM
    #34
    RedManRocket

    RedManRocket Well-Known Member

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    That's because there is a difference between an average seller, and an enthusiast. Enthusiast will only sell to other enthusiasts and that's how they get the price they want, by selling to someone who wants it just as much as you don't want to get rid of it.
     
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  15. Jan 12, 2018 at 10:28 PM
    #35
    snowboard704

    snowboard704 Well-Known Member

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    The double cab, 3.4L , 4x4 Tacoma’s are the most expensive first gen combination you can buy

    At 9k USD you can get it for below that since it states OBO. At that price your under KBB value and can replace a motor cheaply anyways...

    Just my 2cents

    In California that first double cab in that configuration of options wouldn’t last more than a day in the market here in Southern California
     
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  16. Jan 13, 2018 at 9:48 AM
    #36
    Taco newbie

    Taco newbie [OP] Member

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    Thanks for all the info guys. I guess I should stick with a prerunner since I won’t be off roading at all and keep costs down. But definitely double cab so the kids can fit and a v6.
    So much to learn if I really want to make sure I spend my money well!
    Do you think it’s safe to buy a rebuilt even if it passes a professional inspection?
    ThAnks
     
  17. Jan 13, 2018 at 9:50 AM
    #37
    jeff b

    jeff b Well-Known Member

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    It's all about the frame,
     
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  18. Jan 13, 2018 at 11:00 AM
    #38
    ghs57

    ghs57 Well-Known Member

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    '03 Black SR5 xtracab 2.7L 4X4
    Pretty much stock with a small lift and Timbrens

    "Let the buyer beware" never meant more to a prospective Tacoma owner.
     
  19. Jan 13, 2018 at 11:32 AM
    #39
    Taco newbie

    Taco newbie [OP] Member

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    What do you mean?
    It’s all on the buyer to find out any problems the owner might be hiding?
     
  20. Jan 13, 2018 at 11:56 AM
    #40
    Jay-coma

    Jay-coma Active Member

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    i live in the van area also...i waited along time to find one with low kms and ended up with this. One owner, no accidents,garage kept. just hit 200,ooo kms, pretty much mint condition for $6500.The lady had no idea on toyota resale value.Only downside is that its a 5spd and i want an auto so now im looking for a 1st gen auto 4door.

    image.jpg
     
    Last edited: Jan 13, 2018 at 12:35 PM
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