Quote:
Originally Posted by Terminator03
This, plus the newness wears off very quickly. Just remember, that “new” vehicle becomes “used” the day you drive it off the lot and plummets in value quickly. The only real advantage to buying brand new is financing options are more favorable with lower interest. If paying cash, then that doesn’t matter, but most people aren’t positioned to do that with a $45k vehicle. Best value is probably one that’s a year or two old with 10-12k miles on it if you can pay cash, or get a good finance rate.
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Have you looked at used Toyotas with 4x4? (In California) they hold their value incredibly well. As you mentioned, many people are not paying cash for these things. Most banks/credit unions offer a much better interest rate on the new vehicle making the few thousand dollars in saving for a used one irrelevant.
My local dealer has a 2020 TRD-Off Road premium for $45.5k.
The cheapest TRD-ORP within 100 miles is currently a 2019 with 12k miles asking $43.2k
Let's assume you negotiate a discount of $1.5k off of both vehicles. Below are the estimated monthly payments based on the interest rates available from my local credit union.
Used: $41.7k | $10k down | 3.89% for 60 months | $582 / month
New: $44k | $10k down | 2.19% for 60 months | $599 / month
For an extra $17 / month give me the brand new 2020 with TSS, a better radio, a warranty, etc... Now, alls left is to wonder what deal the OP got on the SR5 premium
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