06-09-2021, 09:19 AM
|
#1
|
Member
|
|
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
|
Member
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
Crazy times to buy a vehicle
Off subject a little, as this pertains to my recent Tundra purchase. I had a 2019 Tundra Platinum. While in for service last month the sales manager offered to buy it from me. He offered $1000 less than I paid for it ($45,000). The dealer had no new or used Tundras on their lot. I thought the offer was fair but with no inventory to replace it with I declined. When I bought it I paid $46,000 on a $53,500 MSRP. There was a huge discount at the time because it was 2020 and mine was a leftover 2019 that never sold. After entertaining his offer, I found out thru KBB, NADA and other sites that my truck booked anywhere between $52,000 to $56,000! I looked high and low for another Platinum and eventually found one, the only new Tundra on that (a different) dealer’s lot. It's MSRP was $57,056. They gave me $52,000 for mine…so I traded up 2 years for $5256 and when you take into consideration that I now have a truck with a lot more options (over $3000 more) I actually traded for $2200. I felt fortunate to only pay MSRP for the new Tundra as they had a 4Runner TRD Pro for $61,000, a $9000 “dealer adjusted price!” Wow! Btw, I am loving my garage right now.
__________________
Currently in my garage:
2018 Tundra SR5 Dbl. Cab
2021 Mazda MX-5 RF Club BBR
2022 Mazda CX-5 Turbo
|
|
Reply With Quote
|
06-09-2021, 09:26 AM
|
#2
|
Member
|
|
Join Date: Oct 2018
Location: Williamsburg, VA
Posts: 183
|
|
Member
Join Date: Oct 2018
Location: Williamsburg, VA
Posts: 183
|
61k for a 4Runner? More than a little crazy I think, and this inflation is all transitory right? Right.
__________________
1996 4Runner with a 3rz-fe, e-locker and 5spd
2005 Passat TDI 5spd swapped
1997 E350 4x4 7.3 Powerstroke
|
|
Reply With Quote
|
06-09-2021, 09:30 AM
|
#3
|
Member
|
|
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
|
Member
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
Quote:
Originally Posted by D'arce
61k for a 4Runner? More than a little crazy I think, and this inflation is all transitory right? Right.
|
I will say that they have had it on the lot for several weeks so @ $61k they aren’t flying off the showroom floor…Lol!
__________________
Currently in my garage:
2018 Tundra SR5 Dbl. Cab
2021 Mazda MX-5 RF Club BBR
2022 Mazda CX-5 Turbo
|
|
Reply With Quote
|
06-09-2021, 10:04 AM
|
#4
|
Member
|
|
Join Date: Dec 2019
Posts: 171
|
|
Member
Join Date: Dec 2019
Posts: 171
|
Idiotic prices across the board. Keeping my 3rd gen forever...
__________________
"Not everyone is cut out to be a 3rd Gen owner."
2000 Black LTD with ELOCKER, almost 100% stock
|
|
Reply With Quote
|
06-09-2021, 10:16 AM
|
#5
|
|
Senior Member
|
|
Join Date: Sep 2011
Location: Austin, Texas
Posts: 3,151
|
|
Senior Member
Join Date: Sep 2011
Location: Austin, Texas
Posts: 3,151
|
Quote:
Originally Posted by D'arce
... this inflation is all transitory right? Right.
|
Given we've had very, very little inflation for nearly 40 years, I think much, not all, but much of current inflation is here to stay and grow.
I've already seen many restaurants either increasing prices or decreasing portions, which isn't a bad idea for American waistlines, haha.
No component goods are getting cheaper, wages increasing and supply decreasing, its is a trifecta for inflation.
Time to ask for a raise!!!
__________________
2001 Limited 4WD - 346+K - SunfireRed\Thunder Cloud; - 265/75/16 Michelin A/T2s - Fat Pat's 1.5" BL - StopTech ANGLED rotors - In series 699 trans cooler, New Yota1 transmission, All new OEM suspension front to rear.
|
|
Reply With Quote
|
06-09-2021, 10:33 AM
|
#6
|
Senior Member
|
|
Join Date: Feb 2019
Location: Hot Springs, AR
Posts: 4,410
Real Name: Patrick
|
|
Senior Member
Join Date: Feb 2019
Location: Hot Springs, AR
Posts: 4,410
Real Name: Patrick
|
My girlfriend drives a 2019 Chevrolet Cruze that is now worth $2000 more than what we paid for it in 2019.
__________________
2000 SR5 V6 Manual 4WD https://www.toyota-4runner.org/3rd-g...biography.html
2000 Limited V6 Auto E-Locker Sold 3/2022
|
|
Reply With Quote
|
06-09-2021, 10:54 AM
|
#7
|
Member
|
|
Join Date: Dec 2019
Posts: 171
|
|
Member
Join Date: Dec 2019
Posts: 171
|
Quote:
Originally Posted by jgue467
I've already seen many restaurants either increasing prices or decreasing portions, which isn't a bad idea for American waistlines, haha.
|
__________________
"Not everyone is cut out to be a 3rd Gen owner."
2000 Black LTD with ELOCKER, almost 100% stock
|
|
Reply With Quote
|
06-09-2021, 11:06 AM
|
#8
|
|
Senior Member
|
|
Join Date: Apr 2020
Location: Monroe, WA
Posts: 2,197
Real Name: Devan
|
|
Senior Member
Join Date: Apr 2020
Location: Monroe, WA
Posts: 2,197
Real Name: Devan
|
You know there's an entire board for off topic threads right
__________________
Y2K Highlander Millennium Silver 3.4L auto @ 320k and climbing
Toytecs + 5100s / 7.5 wrap + OME spacers + Tokicos / JBA UCAs / Anonymous Fab. LBJs / Total Chaos Gussets / EimKeith PCK + LCAR / Extended Bump Stops; Brake Lines; Rear Diff Breather / True North Fab. Hybrid Bumper / CBI Hybrid Bumper + Tire Carrier / 4xInnovations Hybrid Sliders / Opt Offroad Trailing Arms / Lil Skip Gas Skid / BudBuilt Front Skid / ARB Rear Locker
|
|
Reply With Quote
|
06-09-2021, 11:14 AM
|
#9
|
|
Senior Member
|
|
Join Date: Mar 2010
Location: denver
Posts: 3,010
|
|
Senior Member
Join Date: Mar 2010
Location: denver
Posts: 3,010
|
Hold on to your hard earned cash. Cost inflation usually preceeds a recession specially if there is a lag in nominal wage growth.
|
|
Reply With Quote
|
06-09-2021, 04:26 PM
|
#10
|
Member
|
|
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
|
Member
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
Quote:
Originally Posted by Devbot
You know there's an entire board for off topic threads right
|
Thanks…I didnt know there is an off topic board. I really must have had a brain fart as I meant to post this thread on the Gen 4 forum…since I own an ‘07. But while I am here I confess that my ‘02 Limited was my favorite 4Runner.
__________________
Currently in my garage:
2018 Tundra SR5 Dbl. Cab
2021 Mazda MX-5 RF Club BBR
2022 Mazda CX-5 Turbo
|
|
Reply With Quote
|
06-09-2021, 04:29 PM
|
#11
|
Member
|
|
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
|
Member
Join Date: Dec 2005
Location: Ohio
Age: 72
Posts: 128
|
__________________
Currently in my garage:
2018 Tundra SR5 Dbl. Cab
2021 Mazda MX-5 RF Club BBR
2022 Mazda CX-5 Turbo
|
|
Reply With Quote
|
06-10-2021, 08:31 AM
|
#12
|
Member
|
|
Join Date: Oct 2018
Location: Williamsburg, VA
Posts: 183
|
|
Member
Join Date: Oct 2018
Location: Williamsburg, VA
Posts: 183
|
Quote:
Originally Posted by spartacus
Hold on to your hard earned cash. Cost inflation usually preceeds a recession specially if there is a lag in nominal wage growth.
|
That's the trick of it though, the buying power of that cash is going down. Fast. I don't see it necessarily as the 4runner being more expensive as the dollar just buys less 4runner than it used too. Savers are going to get crushed if the inflation continues...
__________________
1996 4Runner with a 3rz-fe, e-locker and 5spd
2005 Passat TDI 5spd swapped
1997 E350 4x4 7.3 Powerstroke
|
|
Reply With Quote
|
06-10-2021, 03:00 PM
|
#13
|
|
Senior Member
|
|
Join Date: Mar 2010
Location: denver
Posts: 3,010
|
|
Senior Member
Join Date: Mar 2010
Location: denver
Posts: 3,010
|
Quote:
Originally Posted by D'arce
That's the trick of it though, the buying power of that cash is going down. Fast. I don't see it necessarily as the 4runner being more expensive as the dollar just buys less 4runner than it used too. Savers are going to get crushed if the inflation continues...
|
You' are right about savers loosing purchasing power. Getting an interest bearing account like a savings or a money market account could help, although the interest rates are low. During a financial recession when earnings take a hit is when savings help.
|
|
Reply With Quote
|
06-10-2021, 03:28 PM
|
#14
|
|
Senior Member
|
|
Join Date: Aug 2016
Location: CA
Posts: 3,528
|
|
Senior Member
Join Date: Aug 2016
Location: CA
Posts: 3,528
|
Its a great time to sell a used car... I wanted to sell my 4Runner and get a GX, but i'm still annoyed of having to pay almost 10% tax on the new vehicle which is starts to really kill the deal.
Trucks have done an amazing job of retaining and or increasing in value right now.
|
|
Reply With Quote
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|