Mileage and trade in value

[slonezp]

I imagine, at some point in time, high mileage will kill the trade in value of a truck. I've got an 08 Tundra that just turned 150k in relatively good condition. Will probably be due for tires, brakes and rotors all around in another 25k or, this time next year. If I was to do the brakes and tires, I would keep it for another 50k.

Trade it in next year with 175k before the tires and brakes are toast?

Trade it in, in 3 years, with 225k

Trade it in now? I've spent $2500 in tires and repairs during the last 12 months. KBB values the trade in at roughly $12k right now. I'm seeing used Tundra's similar to mine listed now for $14k-$16k. Would I be doing myself a disservice, as far as losing value, waiting another year/25k? or 3 years/75k?

[deaknh03]

What are they going for with 175k..200k..225k? I think thats your best guesstimator.

[HoosierHawgs]

I would sell it private. Toyota trucks and SUV's from 2000-2010 are holding their value really well these days. I have a 2007 FJ still worth nearly 20k dollars KBB w/75k miles. I really love the 05-10 era Toyota tricks and SUV's. Have any pics?

[slonezp]

49 minutes ago, deaknh03 said:

What are they going for with 175k..200k..225k? I think thats your best guesstimator.

None listed with this engine and body style.

19 minutes ago, HoosierHawgs said:

I would sell it private. Toyota trucks and SUV's from 2000-2010 are holding their value really well these days. I have a 2007 FJ still worth nearly 20k dollars KBB w/75k miles. I really love the 05-10 era Toyota tricks and SUV's. Have any pics?

No pics. Just a factory 5.7 double cab SR5 4x4 Only mod is a spray in bedliner.

[HoosierHawgs]

Neat. LineX liner?

[slonezp]

RhinoLiner. I don't abuse it and it has held up well. I bought the truck new in December of 07 and had it put on shortly thereafter.

[HoosierHawgs]

6 minutes ago, slonezp said:

RhinoLiner. I don't abuse it and it has held up well. I bought the truck new in December of 07 and had it put on shortly thereafter.

Awesome. Sorry to question the hell out of you. I do love some Toyota trucks.

[slonezp]

5 minutes ago, HoosierHawgs said:

Awesome. Sorry to question the hell out of you. I do love some Toyota trucks.

There's a sharp 2016 crew cab at a local dealer http://schaumburgtoyota.com/New-Inventory/2016-Toyota-Tundra_4WD_Truck-Hoffman_Estates-dSGNWJXuUUW6ztkxIEzbhA?Model=Tundra 4WD Truck 

I won't be buying it but it looks cool. Was just going to get another 5.7 double cab SR5 4x4. OR an F250. The F150's cost more than the F250's

[flyfisher]

after 100K it is all high mileage.  tundras do hold their value very well as do tacomas.  

You will do better private sale but it is way less hassle to trade it in.  Take it to Carmax and get them to make an offer.  They make offers on used vehicles without even having to buy from them.  It can at least give you an idea of what it would be worth now.  

[HoosierHawgs]

10 minutes ago, slonezp said:

There's a sharp 2016 crew cab at a local dealer http://schaumburgtoyota.com/New-Inventory/2016-Toyota-Tundra_4WD_Truck-Hoffman_Estates-dSGNWJXuUUW6ztkxIEzbhA?Model=Tundra 4WD Truck 

I won't be buying it but it looks cool. Was just going to get another 5.7 double cab SR5 4x4. OR an F250. The F150's cost more than the F250's

That is a nice truck! I really like the predator steps, had some on the FJ. Not a fan of the rims though. F150's are not cheap these days. Seems like only a few years ago you could get a stripped down truck for less than 20k. Now you can't find a new one under 30.

[Bluebasser86]

As long as mine doesn't start to need a bunch of repairs, I hope to drive it for many, many more years. Mine's an '08 SR5 4X4 as well but it just turned over to 90K miles. About to need new tires and brakes, probably rotors too, but if all I have to do is put new footwear on her, I'll be a happy guy. 

[00 mod]

My 07 Tundra has 122K and going strong.  Love my truck.  I will drive it until I cannot anymore!  Miles don't matter to me.  As long as a Toyota is well maintained, it should last you a lifetime!  Plus it is paid for!

 

Jeff

[Choporoz]

I'm with Kent and Clayton.  Even 'extensive' repairs over next couple/few years are going to be less than new truck payments.  If you like it otherwise, I say drive it until you can't.   

[PourMyOwn]

If rust isn't an issue, I'd keep it. Registration and insurance (at least in my state) really kill you on new vehicles. There's still guys who will buy a used Toyota with 225+. If you go a year without making a payment, it's saving you roughly 5-6000-at 400 to 450 a month. Granted, that isn't factoring in repairs, but even at a savings of 3500 in one year (which doesn't take into account insurance/reg.) I think it's worth keeping. Besides, what can a new one do that your truck can't?

[Raider Nation Fisher]

My rides get gone before they hit 100k. I've only had 2 that were over 100k. One I bought with 170k on it. It was an Envoy XL Denali and I just couldnt turn it down for the price. The other I sold with 102k on it. The truck I just traded in had 99987 miles on it. Whether, I keep the Expedition longer or not is yet to be seen. I'm generally averaging between 15 to 30 thousand miles a year on my vehicles.

Now the Harley. I intend to push over the 200 or 300k mile mark before it is all said and done.

[slonezp]

What i need to do is stop looking at trucks when I get the oil changed. 

[papajoe222]

It's a Toyota. I wouldn't think of selling it as it's barely broken in. $2.5K is like $225 a month which, grant you is a little high for up keep, but I doubt you could trade/sell and end up with a payment that low.  If you're happy with it, I'd stick with it.  Then again, I've 233K on my 2009 Honda and plan on keeping it to at least 300K.

[slonezp]

2 minutes ago, papajoe222 said:

It's a Toyota. I wouldn't think of selling it as it's barely broken in. $2.5K is like $225 a month which, grant you is a little high for up keep, but I doubt you could trade/sell and end up with a payment that low.  If you're happy with it, I'd stick with it.  Then again, I've 233K on my 2009 Honda and plan on keeping it to at least 300K.

So this is the first non American I have ever owned or driven. Seems to be a rock solid engine/drivetrain. My last dodge I got 45k out of it, the dodge before that 130k, and all my work vans GM and Fords, around 130k before major things start going wrong. This last 12 months I put a radiator, tires, and front brakes. One of the heat shields has fallen off and the parking brake needs adjusting, which I will repair before I get to the ramp in the spring. It's just beginning to rust in one of the wheel wells and the bottom weld on the tailgate. Overall it's still in good shape. I'm just worried about sinking more money into repairs. Maybe I won't have to. Who knows? 

[aceman387]

My 2003 tundra just turned 110k the other day and it still looks great. Besides doing the brakes  a couple of times I have never had a problem with it. A few years back Toyota was having a problem with the frames rusting out and would either swap out your frame or spray some type of rust proofing on it for free. I knew guys who had way more miles than me and got new frames. Years back I got the notice to bring mine in for inspection but looked it over myself and my frame looked fine.I ran into a Toyota mechanic the other day who told me I could still get it sprayed for free if I wanted and that my tundra would last me another twelve years if I did.

[HoosierHawgs]

9 hours ago, aceman387 said:

My 2003 tundra just turned 110k the other day and it still looks great. Besides doing the brakes  a couple of times I have never had a problem with it. A few years back Toyota was having a problem with the frames rusting out and would either swap out your frame or spray some type of rust proofing on it for free. I knew guys who had way more miles than me and got new frames. Years back I got the notice to bring mine in for inspection but looked it over myself and my frame looked fine.I ran into a Toyota mechanic the other day who told me I could still get it sprayed for free if I wanted and that my tundra would last me another twelve years if I did.

Any interest in selling lol???

[Fishing Rhino]

Realistically, you're not going to get a lot more for it now than you would with another 25K miles on it, assuming you continue to maintain it as you have in the past.

Most of the original value is gone, and that went in the first couple of years.

At some point, the law of diminishing returns takes over.  You need tires.  Then you need brakes.  You need to replace the timing belt/chain whichever it has.  You'll need ball joints, universal joints, seals and drive shafts (whatever they are called) in the front end.

The problem isn't the maintenance to keep it up, it's the unexpected things that happen at the worst possible time, in the worst possible place that cause the most aggravation. 

The worst thing around here is the salt used on the roads to melt ice and snow.  If you don't have a garage or car port, the sun and the elements take their toll.

Maybe the best thing to do is to find out what the monthly payments would be with your truck as a trade in.  Put that in a "truck club" (kinda like a Christmas Club at the bank) account each month, and pay for any repairs/maintenance out of that.  It will give you an accurate account of which is the better economically.

Do that for a year or two, or fifty thousand miles.  Who knows?  At the end of a couple of years you may have a substantial sum of cash to go with your trade in.  If you have a vehicle excise tax, do not forget to factor that into your equation.

Around here, the excise tax can be significant in the first two or three years.  The older a vehicle, the lower the tax until you hit the bottom rung on the ladder.  It never goes down after that.  It's all based on the base sticker price of the car before options.  I think the bottom line is ten percent of that number times the tax rate.  The first year, it's ninety percent of the base price, times the tax rate, which can be over a thousand dollars.

So, if you do have a diminishing excise vehicle tax, don't forget to put the savings of what a new truck would be into your Truck Club Account.

 

[bigbill]

Don't keep the car too long where it starts costing more money than its worth. Older cars become wells we keep on throwing money in them. There's a time to bail.

Here's my plan that works.

I buy a new car for the best price I can get. I find the end of the month is the best time to buy when the dealer has to pay interest on the unsold cars if it's slow the better sales wise. I purchased a $22k car for $16k. Now I pay for the car in five years. Now I go another five years with no payment. I change brakes and belts maybe sparkplugs, tires.. at the end of ten years it's gone before it needs big dollar repairs. If you have two cars you stagger the five years so you only have one car payment. My method seems to work better then running the car in the ground then donating it.

When my kids were small we put them in there ripped play clothes. Me in my work clothes and we go car shopping. I tell the salesman I just need a car for work. I get a lower price than there specials. Haggle.

In my younger days I was a mechanic at the dealers. You have to play the game to win. Don't walk in and just pay.

[slonezp]

50 minutes ago, bigbill said:

Don't keep the car too long where it starts costing more money than its worth. Older cars become wells we keep on throwing money in them. There's a time to bail.

Here's my plan that works.

I buy a new car for the best price I can get. I find the end of the month is the best time to buy when the dealer has to pay interest on the unsold cars if it's slow the better sales wise. I purchased a $22k car for $16k. Now I pay for the car in five years. Now I go another five years with no payment. I change brakes and belts maybe sparkplugs, tires.. at the end of ten years it's gone before it needs big dollar repairs. If you have two cars you stagger the five years so you only have one car payment. My method seems to work better then running the car in the ground then donating it.

When my kids were small we put them in there ripped play clothes. Me in my work clothes and we go car shopping. I tell the salesman I just need a car for work. I get a lower price than there specials. Haggle.

In my younger days I was a mechanic at the dealers. You have to play the game to win. Don't walk in and just pay.

I enjoy the buying experience. I like the banter and I take control of the deal Always being prepared before I walk in the door. Not afraid to walk.