Depreciation

[Mr.T]

I'm considering picking up a 2011 LTD but I am tossing around the idea of waiting for October and the 2012 (although i'm not sure if I can wait). Any suggestions with regards to depreciation? Should I hold out or is it not that big of an issue.

 

[badburro]

I wouldn't hold your breath on major changes in 2012. With the recent earthquake in Japan, I doubt they will be back to full speed producing 2011 by September or October. I may be wrong, but I think Toyota suffered some extensive damage with the tsunami and earthquake.

 

[zachb_NW]

He's not taking waiting for changes. If you can wait then do it and save some money. There's some good deals on LTD 2010's

 

[webby]

This is a practice I always used when buying a new vehicle -- if close to Oct, I always waited and got the new year model. It will definitely give you more resale, if you only keep the vehicle a few years. The shorter the ownership time, the more additional money you get on resale by having the vehicle titled one year later.

However, if you expect to keep the runner 10 years, then the 2012 over the 2011 will make close to no difference on resale.

Look up book values on back to back years equipped identically and same mileage, only different year. That will give you the information you need re depreciation.

 

[Mr.T]

Thanks for the responses guys. I placed my order on Friday. The way I look at it is that this is a vehicle that I will have for a very long time. Besides I want to spend some time this summer with it!

 

[NYRunner]

Food for thought:

My last car was a 2001 Maxima. When I bought it there were still a few 2000's on the lot, and I chose a 2001 following the newer-model-year for better resale line of thought. Unfortunately, I average around 20,000 miles per year and I kept that car for almost 10 years before I bought my 4Runner. When I checked the numbers out of curiosity~ believe it or not Edmunds showed only a $200 difference!