Low mileage trade in's - why??

[nielsd]

Well that’s unfortunate…hopefully they can figure it out, and treat you well. I’ve only bought a couple parts there before, and they did two service campaigns on my old Tundra (CRC frame coating, and the AIPs). They were good those times, and didn’t screw anything up. But when I went there to order/buy a new Tacoma, they snubbed me off. Didn’t take me seriously or seem to want my business. So I ended up buying my truck in MJ, they were great, hassle free, on a Saturday, and they even took a personal cheque, and I drove it home that day. A couple months later I went to Ens to get an oil filter…and the salesman (Ron?)…seen me with it as I was leaving…his jaw dropped and I gave him the little rascals wave (thumb on nose waving my fingers). LOL . Snooze you lose bud.

Yes, MJ Toyota is one of the best dealers I have ever bought a vehicle from. The dealer here never has any stock and doesn't seem to care about your business.

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[Tacohunter2024]

Help me understand this. So a local dealer (name blanked out) has 3 very low mileage high-trim 2024 Tacoma hybrids in their used inventory. This is a small rural dealer, not a high density market...and new Tacoma's are still mostly on an order-only basis availability, at least in my region of Canada. Are these "buyer remorse" trades? Trade in's on a Tundra perhaps? I do see this as concerning. Change my mind!

Just for additional perspective; I bought a 2024 Off-Road in November of 2024. I tried trading it in at 5k and again at 20k. The trade in was too low, so I kept it.

I now have 46,300 miles, and I'm still waiting for some 2026 models of other vehicles to become available, then I'll try to trade it in again. I also do not want to put tires, brakes, transmission fluid change, etc into it, so I'd like to get rid of it.
.
I say this because; yes, after almost 47,000 miles I still want to trade it in, but it's all just subjective reasons. No mechanical issues outside of the 2 recalls, which is almost expected for a complete redesign. It's been all oil changes and tire rotations. If you think the truck suits you and your needs, go for it. I'm an example of someone who would've traded in a perfectly fine truck because of personal taste, changing needs, and some things I thought I would get used to, but did not.

 

[MustardTiger]

@Tacohunter2024 thanks for sharing your story. I don’t think the trade in values (residual) on the 4th gens are as strong, percentage-wise, as the 3rd gens. The msrp has increased so much for the same category of vehicle, combined with some public resistance to the 4 cyl powertrain…only time will tell if the resale values will hold at historic Tacoma levels. For me, I have other full size trucks to do the big things I need, like haul and tow a 5th wheel camper and GN trailer. I could never have the Tacoma as my only truck or vehicle…but I did haul a bunch of building supplies and 4 sheets of 4x8 drywall! The little 5ft bed actually managed “ok” !

 

[ppfd]

Maybe when vehicle payments are over half someones take home pay a month?

I make pretty good money and don't understand how some of you afford a new truck, all the add ons and your 3 kids, stay at home wife, plus all your other bills??

 

[Tacohunter2024]

Maybe when vehicle payments are over half someones take home pay a month?

I make pretty good money and don't understand how some of you afford a new truck, all the add ons and your 3 kids, stay at home wife, plus all your other bills??

How can you say you make pretty good money and your truck payment is 1/2 your take home pay in the same statement?

No doubt vehicle prices are out of hand, but nobody is saying you have to buy new.

 

[StreeTaco]

I’d buy this in a second.

 

[izzy]

I’d buy this in a second.

https://www.carfax.com/vehiclehisto...Y_ym3qtnXgEAOfThI5dVgvxxvpZD43yQuBDiYWraHUXFW

Some 11,000, 12,000 oil change intervals in there. 10 oil changes total huh.

I'm still a 5k OCI supporter.

 

[maxx075]

Maybe when vehicle payments are over half someones take home pay a month?

I make pretty good money and don't understand how some of you afford a new truck, all the add ons and your 3 kids, stay at home wife, plus all your other bills??

Just keep rolling that debt over baby. Negative equity for the win.

 

[gpburdell]

How can you say you make pretty good money and your truck payment is 1/2 your take home pay in the same statement?

No doubt vehicle prices are out of hand, but nobody is saying you have to buy new.

I've always used the metric that if I can't pay off a vehicle in 48 months, I'm aiming too high.

I also tend to keep stuff longer - and continue making "payments" into savings once the loan is paid, using those funds for maintenance and eventually towards the next vehicle purchase.

 

[Tacohunter2024]

I've always used the metric that if I can't pay off a vehicle in 48 months, I'm aiming too high.

I also tend to keep stuff longer - and continue making "payments" into savings once the loan is paid, using those funds for maintenance and eventually towards the next vehicle purchase.

That's smart, it's always in your budget. I also try to remind myself of the word "minimum" in front of the payment. I borrowed a little for mine, my trade in didn't cover the whole truck. 3 year loan. I bought it in November of 2024, it's paid off. I don't even remember what the minimum payment was, I never paid the minimum.

 

[Yotota]

Maybe when vehicle payments are over half someones take home pay a month?

I make pretty good money and don't understand how some of you afford a new truck, all the add ons and your 3 kids, stay at home wife, plus all your other bills??

I imagine your question is rhetorical, so you don't actually want to know about anyone's specific financial situation.

Everyone makes their own financial decisions for cars.

Some people make good ones (large down payment and low rate/short term loan).
Some make great safe ones (save up, pay cash).
Some make great smart ones (finance at low rate, invest the equivalent amount of cash at a higher rate of return).
Some make bad ones (zero down or negative equity, high rate/long term loan).

 

[ppfd]

How can you say you make pretty good money and your truck payment is 1/2 your take home pay in the same statement?

No doubt vehicle prices are out of hand, but nobody is saying you have to buy new.

Me? My truck has been paid off for a year now.
I'm truck shopping and some of the prices I'm seeing are insane. Yet, someone is paying them.
Few 24,25 used tacomas I have found, pricing is near what a new one is going for.

 

[ppfd]

I imagine your question is rhetorical, so you don't actually want to know about anyone's specific financial situation.

Everyone makes their own financial decisions for cars.

Some people make good ones (large down payment and low rate/short term loan).
Some make great safe ones (save up, pay cash).
Some make great smart ones (finance at low rate, invest the equivalent amount of cash at a higher rate of return).
Some make bad ones (zero down or negative equity, high rate/long term loan).

Agreed, at the end of the day its whatever the buyer is happy with.
My comment was defiantly rhetorical.
Back in 2021 I had 1.9% interest, got a decent trade in and dropped a little bit extra on my Ranger.
Don't figure we will see that kind of interest for sometime.

 

[GER_95]

Something is off here. Pricing is higher than 2026 list for brand new.

 

[MustardTiger]

@GER_95 What I've shown are CAD prices (I see you're in ON). Yeah, dealers typically list prices for gently used above brand new MSRP. They've been doing that for about 4 years now, and get away with it by keep new stock inventory mostly non-existent...(you want new? Order now and wait 6 months). LOL

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