2014 SR5 Values

[800mxz]

Hello all. I am new and sorry this is where I am making my first post, but I am seriously considering a new SR5 Prem, but have some questions about how the 4Run holds it's value.

Basically, to boil down to the final question here, is that my salesman (who is pretty solid, and has been very upfront and no BS) is telling me they have had MANY 4Runner customers who are leasing choose NOT to buy more than 12k miles as they can usually buy the car out at the end of the lease and sell it and make money.

IE - the SR5 Prem I am looking at stickers for $38k, but at the end of a 2yr / 24k lease I can buy for $26k.

When comparing to 2-3 year old 4Runs in my area, with 40k-60k miles on then, they are asking for $29k-31k.

I mean, in theory I can do the low mile lease, buy the car at the end vs paying the mile penalty (about $1200 for excess miles if I turn it in), and clear $2000-3000 by doing so.

I just want to ask the opinions of 4Runner owners if they see the values hold like this guy is telling me. He says at worst, most 4runner owners are at a break even situation if they trade in vs turning it in.

Thoughts?

 

[haro4x4]

I would buy it. I have 2003 limited about to hit 95,000mi 11 years old finished paying 6 years ago and still cruising at 90m/h and 100m/h when on long trip like from nyc to virginia, no mechanical issue at all, still running on original panasonic battery. your best buy.
why should I buy a $29,000- $31,000 use car when new is $33,000-$38,000?
that was my question when I purchase my 4runner in 2003.

 

[rktroutbum]

Here's what I did

I was looking for a low mileage used 4Runner in February. Thought I'd go by the dealer for a look at new and a test drive. I was looking at $32-34K for used ones locally with low mileage. Salesman asked me why buy used if you could buy new for a little more? So, I bought A 2014 SR5 Premium brand new for $ 35,500. from him. I'm glad I went that route , love the truck. Paid cash hope to keep it a long time.:lookout:

 

[800mxz]

Thanks guys.

I realize there is no car that can make you money, but I am in a situation where i'd rather lease (burn up some negative equity as fast as I can) and put on more miles than the average driver.

This has been about a 90 day research project, looking at the used market, and there is a large amount of data that says one can sign up for a 3yr / 12k Per Year lease, drive it 20k a yr, and still sell it at the end and make money.

The dealer I am working with told me that he is not supposed to tell me this is a good practice (as it competes with them wanting to take it back in at the end and re-sell it used at retail prices), but he is telling me that him, his sales manager, his service manager, used sales manager, etc... are all leasing and selling at the end and clearing $2000-$6000 depending on the model.

 

[rktroutbum]

Just another thought

One of the reasons the used car market is so strong is because the new car market has pricing power. That could change anytime if the economy gets jolted again. Here's a live example. I bought my 2005 Ford F-150 King Ranch 4x4 brand new. List was $44, I paid $40k. 9 years later and 102,000 on the clock it's worth about $20 +-. No way that could have been predicted. But the point is a new one is $60k……I'm keeping it. Good Luck to you.

 

[Doc Boots]

IE - the SR5 Prem I am looking at stickers for $38k, but at the end of a 2yr / 24k lease I can buy for $26k.
].

You seriously got offered a 2014 with only 24 thousand miles for 26 K???? I must be reading this wrong.

Where is this place?