Will Vehicle Prices Ever Decrease?

[270quest]

My wife has a 2021 TRD OFF Road SR5 Premium 4 runner. Was 48k new when we bought it in November 2020.
It now has 82000 miles on it and has been flawless. Just normal fluid/oil maintenance and tires to this point. Loan payoff is December 2026 so guessing it should have around 115-120k when paid off and the plan is to keep it long term and drive it to 250-300k miles. The 4.0 v6 and 5 speed trans may not be the latest and greatest but it is as bombproof as it gets.

The resell is also ridiculous on 4 runners. We could sell her car right now and do very very well.

I love the look of the new 4runners and did some research on them, but with the newness/reliability concerns of the turbo 4 cylinder and the cost - we will be keeping ours for a good long while.

 

[spur60]

Go buy used! Pick from:
F150s and you get cam phaser issues, turbos needing replacement, timing chain rattle, excessive oil consumption and the awesome CDF drum slippage in the 10 speed!

Rams you get a giant display that probably won't work, it will start rusting if you splash water on it, and you'll definitely be needing work on those exhaust manifolds.

Chevy/GM - Cylinder deactivation engine grenading, electrical gremlins, still can't prevent rear wheel wells from rusting, and their 10 speed is the same as fords so you too can enjoy those hard shifts and transmission rebuilds before 75,000 miles!

Nissan - oof.

Toyota - anybody want these metal shavings I found in the oil pan of this turbo V-6?

They are all junk. I need the crew cab for hauling kids or I'd go back to a restored square body like I had in high school.

 

[Yooper]

Been on the lookout for a new vehicle for a few months now after some bad experiences with my current truck and I'll echo the others that say the best buy right now is a used vehicle. Look at the Carfax and make sure service was appropriate. Take the money saved and set some aside for unforeseen repairs.

$66k for a 4Runner.....holy mother of god that's insane!

 

[Jason Snyder]

Toyota - anybody want these metal shavings I found in the oil pan of this turbo V-6?

There are 14 years worth of Toyota Tundras with the 5.7 V8 out there. Go buy one and drive it.

 

[CorbLand]

There are 14 years worth of Toyota Tundras with the 5.7 V8 out there. Go buy one and drive it.

And the best part, they are worth what you bought them brand new for and they only have 120K on them.

*sarcasm as a coping mechanism.

 

[Jason Snyder]

And the best part, they are worth what you bought them brand new for and they only have 120K on them.

*sarcasm as a coping mechanism.

There is some truth to this. The sword cuts both ways though. I paid $18k for my 08 with 84k miles on it. Four years and 72k miles later and it still books at $15k.

 

[LFC911]

I've made money on several Toyota's buying used and selling them a couple of years later.

I will also note that i've broke even on a couple of new Toyota's purchased in ~2020 and sold a couple of years later but I don't think that will happen again.

 

[7mm-08]

I'm not sure vehicle prices are likely to regress. The used market is the only viable way to go (for us).

 

[CorbLand]

There is some truth to this. The sword cuts both ways though. I paid $18k for my 08 with 84k miles on it. Four years and 72k miles later and it still books at $15k.

Bought an 01 Tundra in 2012 for 7500. Put 50K on it and insurance gave me 10500.00 for it when it got totaled back in March. Damn near broke even on that when you count the maintenance and tires I put on it.

Bad timing though as I got to pay the inflated prices to get a used Tacoma to replace it.