Used vs new

[undignified]

Was in the market for a 2014 Trail Premium with KDSS. After about 3 months one popped up. Just traded in at a local BMW dealership. 41,000 miles for $36,500. Got them down to $35,000 out the door. 8 service records and absolutely spotless plus had new Hankook Dynapros installed. Still had original sticker in glove and was almost $42,000 new. Felt pretty good about that deal.

If you don't mind me asking, how much did you pay before tax title and fees?

 

[deeleypdx]

If you don't mind me asking, how much did you pay before tax title and fees?

Oregon does not have sales tax so I think the licensing and dealer fees were around $300 total so like $34,700 on the vehicle.

 

[Giesela]

Whats more important? Mileage or year?
I did an Autotrade search and here are four
10,000 less for a 2011 with close to the same mileage as a newer vehicle?


2014
34,256 miles $36,997
SR5 Premium

2013
28,065 $32,488
cloth, tow

2012
55,065 $32,485
Limited

2011 31,477 $29,488


All are SR5, 1 owner, leather, moonroof (sunroof?) 4WD unless stated differently

 

[coflyfishing]

I've always bought new toyotas...FJ, Tacoma, tundra, and yesterday a new 2016 limited 4Runner 4wd. Price paid was 41k before tax and down payment, no doc or dealer fees. These vehicles hold their value too well for me to save a couple thousand buying used with 30k miles (maybe, just a guess.) Just my take.

 

[Kennyr44]

Whats more important? Mileage or year?
I did an Autotrade search and here are four
10,000 less for a 2011 with close to the same mileage as a newer vehicle?


2014
34,256 miles $36,997
SR5 Premium

2013
28,065 $32,488
cloth, tow

2012
55,065 $32,485
Limited

2011 31,477 $29,488


All are SR5, 1 owner, leather, moonroof (sunroof?) 4WD unless stated differently

The first 2 on your list can be bought new for the same price. I bought my 14 SR5 premium for $37k and that wasn't even a good deal. A hundred years ago I was looking for a one or two year old Toyota pickup. All were at lots for more dollars than a new one. This is mind boggling. I asked why and they said because people pay it just so they dont have to go to a new car dealership. I dropped the whole idea and bought a used Scout instead.

 

[Blitzkrieg]

I once read some obscure analysis that said the average used vehicle's drivers seat has been farted on 213 times. Do you really want to be sitting on 213 of other peoples farts? The horror. The horror.....

 

[suprarztt]

Im in canada, we paid $44.5k out the door for a 2015 Limited with all the accessories. 11,000km on the odo. Big savings compared to new in my case.

 

[elemint]

You must understand that the price on the window isNOT the price you are expected to pay. The reason used car prices are sometimes close to new is to either steer people to new, or to make the nor ar sales price seem like a huge discount.

Any insight ? Been searching for a few months for a trail edition 11-15 year and there is hardly a spread between buying used vs new. I'm about to resign and buy new because it's hard to stomach only saving 2-4K to,purchase a 4R that still has anywhere from 30-40k miles vs new. Has anyone seen if there is more wiggle room that I'm not seeing on the used market? Good thing is I'll feel great about the pricing power toyotas command when selling ha. Thanks for any info.

 

[undignified]

Oregon does not have sales tax so I think the licensing and dealer fees were around $300 total so like $34,700 on the vehicle.

I was quoted 38k for TEP with KDSS. I opted out for trail(non premium) without KDSS for 33.9k. I probably would've went new in your situation but its really up to the individual buyer to determine what works better for them

 

[blakjack23]

I purchased my 2011 Limited used with 50k for $29k. In my case that was a much much better option than spending 40k+ on a new one.

 

[deeleypdx]

I was quoted 38k for TEP with KDSS. I opted out for trail(non premium) without KDSS for 33.9k. I probably would've went new in your situation but its really up to the individual buyer to determine what works better for them

Yeah, I couldn't find someone around here to go that low on a new one. The miles were higher than I wanted but I got some insights on the previous owner who lived in rural Washington and drove a lot for work, mostly highway. The truck was absolutely spotless and they traded it in on a new BMW. I hate to make assumptions but I felt like the previous owner was someone that took good care of their cars and gave me some peace of mind to get something with 40k miles.

 

[Dalko43]

I spent sometime researching the market and the examples you presented in the post are not common, most of the vehicles you included that were for sale on autotrader had been involved in an accident and maybe other issues that bring the price down from what the market actually demands for these vehicles. Dealers are not going to offer a 4Runner for a lot less than the market when they know they will get the retail price, it would be silly of them to take less so when I see a really good deal on a used 4Runner I become very concerned that something might possibly be wrong with it or the deal is too good to be true. I know that people often get lucky with a good deal but 97 percent of the time people have to pay full retail if not more in certain parts of the country. I also had a difficult time finding a used trail so that made things much more difficult and the possibility of finding a great deal was nonexistent. If I was looking for a base sr5 than my options become much greater.

As far as I could tell (some of the auto trader links are now inactive), only 1 of the examples (not most) was in an accident (the trail for $24k).

The examples I provided are hard to find. I have made that caveat several times now: there are good deals out there, you just have to know when and where to look. I don't think there is anything wrong with buying a brand new 4runner for $35k and enjoying the peace of mind that comes with a new vehicle warranty.

But from a financial point of view, I also don't think there is anything wrong with buying a moderately used 4runner for 20-25% below MSRP, especially if you are mechanically inclined.

 

[PNW36081]

That is an awesome deal! Unfortunately depending on where you live and what the supply vs demand is like a deal like that may not be available. Or like you mention you may need to take a road trip or fly and drive (done that before). In my area a used 2015 with 17-50k miles sell for ~$2k (some at just $1k some at $4k) less than a new one. I'd rather pay the extra $3k and get brand spankin new. At least I can be the one to break it in the way I like it and whatnot.

Funny story when I wanted a Tacoma DCOF I could by a 1 yr old one with 15k miles or a brand new for just a $1k more. The dealer wouldn't budge on the price of the used. But the new on they came down $4k. You never know what you may find out there. Just always shop around and take your time. There's always a deal to be had!

I am in Bellingham and this is exactly what I've found. Even down south near Seattle, the used market is insane.

 

[messeduprex]

When i bought my 16 SR5 3 weeks ago i was quoted $33,200 for a certified '16 with 20k miles and $31k for a 16' with 40K miles. all before taxes and tags. i ended up paying $33k for a brand new 16 leftover. it was a no brainer.

 

[LargeOrangeFont]

When i bought my 16 SR5 3 weeks ago i was quoted $33,200 for a certified '16 with 20k miles and $31k for a 16' with 40K miles. all before taxes and tags. i ended up paying $33k for a brand new 16 leftover. it was a no brainer.

Similar story here. I was about to start looking for a 16 leftover, but I found a used '16 SR5 in the exact config and color I wanted with 18k miles from a private party before they traded it in. Got it for $29k.

 

[Riders of Lohan]

Bought new. Does not make sense to save 3k and get a car at 30k miles

 

[mynameistory]

Bought new. Does not make sense to save 3k and get a car at 30k miles

It does if you pay cash. Also, double warranty is nice. Lastly, the CPO I bought had the exact tires I wanted (brand new 275/70 KO2s on all 5 wheels, that's about $1K just in tires).

 

[SurfToy]

We found in SoCal 4Runners 2-3 years old hold their value so well with low mileage it makes more sense for us to buy new.

Can confirm. Saw a 2018 version of my ride with nearly identical spec and 5K miles and it was within $1K of what I paid (exclusive of tax, fees, etc.). My rule is buy used a couple years old and low miles, but it didn't make sense in this case.