I found two other options for vehicles....

[BamBam]

I just thought I'd get the opinions of my pals here before I decide for sure between the used 07 (V6 SR5), used 06 (V8 Sport), and now these two other options.

A dealership in California (I will be there next week on vacation anyway and could drive one back) has a brand new leftover 2007 SR5 with a V8. It comes with all of the usual options for that model, plus it is 4x4. They want $27,400 plus TTL. Sticker is $33,000 something. Does that seem fair, or should I try to work them down a ways? That price includes a $2000 rebate built into the total. It is the color I like (galactic gray) with the interior color I like (galactic gray).

They also have a few 4x4 SR5's that are 2008's with V6 and usual options. They are silver and cost $26,000 plus TTL. That 4R stickers at $31,000 and some change and price also includes the rebate.

Basically I am wondering if the V8 will make up the difference in resale value or if that will actually hurt in this day and age. As I said in my other thread, my commute is short (about 4 miles), and I will only be going longer distances if I am going up in the mountains or going on one trip a year (although my wife has a Pilot that she prefers to take on road trips no matter what I'm driving!).

 

[banker1]

I would try to get them down a bit on the leftover. Seems like they are applying the same mark down logic to a car that is a year old already ($33k to $27.4k ~$5.6k vs. $31k to $26k ~5k).

Given the 2007 is a year older than the newest model year out and it's a V8 I'd expect to pay less. I know usually you pay a premium for a larger motor however, given the current direction gas prices are heading I can't imagine the appetite for bigger motors is what it was.

Checkout www.nadaguides.com as well. The MSRP I found on an 2007 SR5 V8 was $32,000....

 

[Falls]

You didn't even buy it and your worried about resale value already ??? How long do youn plan on keeping it ??? The prices sound ok , but really if you plan on keeping it , my suggestion would be to not worry about $1k here or there , get what YOU REALLY WANT , something thats going to really trip your trigger !!! Just don't want you to say ....oh I wish I would have got this or that or done this or that. You will be much happier in the long run.

I have an 06 Galactic gray sport 4x4 V8 , love it !! If I was to but another one tomorrow , it would be Silver since it has grown on me and had the gray already. I just think Silver is so sharp.

Just my .02

 

[CJ3Flyr]

For your own good and resale I vote for the one with side-airbags. More and more people look for that when buying used these days. (Or at least a lot folks in the land of the nearly deads look for the side-airbags)

:cheers:

 

[Falls]

For your own good and resale I vote for the one with side-airbags. More and more people look for that when buying used these days. (Or at least a lot folks in the land of the nearly deads look for the side-airbags)

:cheers:

I agree that would be a good resale feature too.

So how long do you plan on keeping this truck ??

 

[BamBam]

I plan on keeping it a while. The last 3 cars I've had for 3 years each though. This one the hope is to keep it longer.

The worry about resale is because whenever I buy something I want to be as close to right side up as possible. What would happen if I lost my job tomorrow? I'd have to sell my car of course because I am financing it.

I can make my payments fine now. The question is "what do I do if something bad happens?" Like people who buy a brand new Explorer for $35,000, lose their job and end up having to try to sell it. They are lucky to get $21,000 out of it in 6 months. I realize 4Runners keep their value better, but it is just something I keep in mind whenever making a large purchase. Those who don't consider things like that always seem to end up in a mess later with something like a 60 month lease that there is no way on earth they will be able to get out of.

 

[CJ3Flyr]

I can make my payments fine now. The question is "what do I do if something bad happens?" Like people who buy a brand new Explorer for $35,000, lose their job and end up having to try to sell it. They are lucky to get $21,000 out of it in 6 months.

Your very smart :bigok: I'm blown away with how many never consider such things.

:cheers:

 

[BamBam]

It makes me sad when I see a really nice and just all around good person who is stuck in a really bad car loan/lease. I see it happen all too often.

I saw this guy locally who has a 60 month LEASE on a Nissan truck with a monthly lease payment of over $500. That's a lease... not a purchase, a lease. It is depressing. There is a reason car dealers have such a bad name. Many of them ruin lives with crap like that.

 

[Falls]

It makes me sad when I see a really nice and just all around good person who is stuck in a really bad car loan/lease. I see it happen all too often.

I saw this guy locally who has a 60 month LEASE on a Nissan truck with a monthly lease payment of over $500. That's a lease... not a purchase, a lease. It is depressing. There is a reason car dealers have such a bad name. Many of them ruin lives with crap like that.

Thats very smart thinking . Good thoughts and good points. I am not a fan of leasing at all , ALTHOUGH.... this one is leased ( for business ). 3yrs. I want to buy this one out and keep it , because it will end up being 25k miles under lease agreement and I like it alot . Couple things that might change that is 1). I see if the 5th gen is worth getting . 2). I start having major problems with it. Part of my negotiations with the company I consulted for was paying 2 years of my 2 year lease my lease , so I really have the option to buy it out and have a nice 4R vehicle pretty cheap. And during those 2 years I also got free gas .

The lease is up in Feb09 , if I dont like the 5th gen. I will either buy it out or buy an 09 + plus I dont want a 5th gen . first year out either. I wait a few until the bugs are worked out and if it's off road capable and tough looking . I would rather but something slightly used , but when you talk 4R slight;y used you kinda don't save a heck of alot because these hold such decent resale value . You should see what they get for mint 3 rd gens here.

BamBam , you've thought this through , good man, not many do that , they lease so they can actually get more vehicle than they can afford .... that why all the repo's are happening. I might put up a post about my lease to see what others think .

 

[alaskaman]

Resale

I would not be concerned about it with the 4Runner. The resale value is almost the highest. If you take good care of the vehicle, you will get $ for it. That said, the side air bags in my opinion are essential to prevent life threatening injuries in a crash.

 

[BamBam]

Do they have a special name, or are they just called "side airbags"? I need to know what to look for specifically, because that is a huge issue to me as well.

When we bought our Pilot in January, that was THE big selling point. With 2 children who will be riding in that car everyday, and of course my wife driving, it is essential that they are all as safe as can be.

 

[CJ3Flyr]

Do they have a special name, or are they just called "side airbags"? I need to know what to look for specifically, because that is a huge issue to me as well.

When we bought our Pilot in January, that was THE big selling point. With 2 children who will be riding in that car everyday, and of course my wife driving, it is essential that they are all as safe as can be.

They're most commonly called side airbags or side curtain airbags. If a particular T4R has side airbags then on the A and C pillar, on the inside, will be a little emblem that says...

There's also a little cloth tag on the outboard sides of the front seats. The final giveaway (on the '07 anyways) is a switch next to the diff lock switch that says RSCA. It's an override switch that Toyota recommends using if you are aggressively off-roading.

Good Luck! I am 110% on board with getting the side-airbags! :cheers:

 

[BamBam]

Very cool. Thanks CJ3! I will know exactly what to look for now. That is incredibly helpful. To add pictures too?! Man, that is first class.

I think I am seeing what the problem is with dealers now. They are so desperate to make a good chunk of change on each sale (because sales are down) that they really have no interest in folks who have their own financing. I get nothing but good help until I say the magic words "Oh... we don't need to run credit and stuff. I have financing arranged and just need a total price so I can cut you a check."

They want their commission on the vehicle, as well as a commission on financing (especially if you lease), and all of the extras they can throw at you. Nobody wants to really give me the straight scoop on the out the door price. That would defeat the purpose for them I guess. :bash:

 

[CJ3Flyr]

Very cool. Thanks CJ3! I will know exactly what to look for now. That is incredibly helpful. To add pictures too?! Man, that is first class.

I think I am seeing what the problem is with dealers now. They are so desperate to make a good chunk of change on each sale (because sales are down) that they really have no interest in folks who have their own financing. I get nothing but good help until I say the magic words "Oh... we don't need to run credit and stuff. I have financing arranged and just need a total price so I can cut you a check."

They want their commission on the vehicle, as well as a commission on financing (especially if you lease), and all of the extras they can throw at you. Nobody wants to really give me the straight scoop on the out the door price. That would defeat the purpose for them I guess. :bash:

Sounds like you

 

[bob91706]

Hi..Just joined this forum. I just leased a 2008 4 Runner SR5 this last Tuesday. I had noticed a special offered on a local dealers website. It was a 36 month lease for $299+tax/mo for the base SR5. The clincher for me was an advertised $829 drive off. This a Toyota Motor Co. promotion.
Well, I've got 5 months till I start collecting Social Security and I had planned to let the Feds finance my new vehicles every 3 years or so. I lease because the 1) the monthly payment is lower 2) the vehicle is always under warranty and 3) I don't put a lot of miles on my cars.
The local dealer tried every which way to work a higher profit (for them) deal. I finally pulled a copy of the Toyota offer I'd printed right off the dealers website. They apparently hadn't seen the offer before.
The bottom line is they gave me enough trade in for my 15 year old Silverado to cover the drive off charge and 5 months of payments: Bob

2008 SR5 Black with Light Gray Interior.

 

[CJ3Flyr]

Congrats on the new ride! Sounds like a good for you. Wish I didn't drive so much, I'd like to have leasing as an option.

Welcome to the forum! :cheers: