2017 Toyota Tacoma TRD Pro- Oh My Word!

[patience0830]

Awww, isn`t that cute? You neary spelled an actual word...

At least two or three by my count there, Tonto.

 

[Route 45]

Not as good as free of debt and paying cash.

Debt is not inherently bad. In fact, if you are bound and determined to sink $50k into a depreciating asset, better to use other people's money (as long as you can get it cheaply) than to deplete your reserves by sinking that much cash at once.

 

[aaron580]

Denali HD that will most likely be my next truck, if I decide to swap mine.

 

[patience0830]

Debt is not inherently bad. In fact, if you are bound and determined to sink $50k into a depreciating asset, better to use other people's money (as long as you can get it cheaply) than to deplete your reserves by sinking that much cash at once.

Define cheaply. Opinions are worth what you pay for them.
My opinion is that patience is an under rated concept and borrowing to own always costs more than paying cash. Always.

 

[lovemachine]

Debt is not inherently bad. In fact, if you are bound and determined to sink $50k into a depreciating asset, better to use other people's money (as long as you can get it cheaply) than to deplete your reserves by sinking that much cash at once.

$50k for a vehicle? Yikes. I don't think it's wise to buy a vehicle that costs more than half of what your income is.

 

[HoughMade]

$50k for a vehicle? Yikes. I don't think it's wise to buy a vehicle that costs more than half of what your income is.

Geez, I have never, at any point in my life, approached that number.

 

[lovemachine]

Geez, I have never, at any point in my life, approached that number.

I'm currently looking at trucks that cost $20k, and I'm second guessing myself on those.

 

[Route 45]

Define cheaply. Opinions are worth what you pay for them.
My opinion is that patience is an under rated concept and borrowing to own always costs more than paying cash. Always.

I don't suppose you've ever heard of 0% financing or six months same as cash deals.
If there is a big ticket item that I want, and I can get it now for no additional cost, or even a minimal additional cost, I'll get it now. No reason not to, IMO.

 

[HoughMade]

I'm currently looking at trucks that cost $20k, and I'm second guessing myself on those.

The most expensive vehicle I have ever bought was a 1 year old minivan for $25k (out the door). When I was making under $20k, I bought a 1988 Pontiac 6000 with 51,000 miles for $3,500 (in 1993) and to this day, that was one of my best cars. I have taken out car loans, but been loan free since 2000. I prefer it, but I don't run down the idea of loans as long as the car is reasonable, the down payment is significant and payments keep ahead of depreciation (which ain't easy).

 

[gregr]

At least two or three by my count there, Tonto.

Touché! Well played!

 

[Route 45]

$50k for a vehicle? Yikes. I don't think it's wise to buy a vehicle that costs more than half of what your income is.

I'd never spend $3500 on a 1911, but we've all got our own notions of value in this life. For some people a vehicle is just another appliance. For others, they are more than that.
Not saying I'd spend $50k on anything out of a GM factory, but there are other vehicles that I wouldn't bat an eye at spending around $40k for. Especially if I intended to keep it for 10 or 15 years. Yearly income is a silly metric when you are talking about a durable good that you will use for several years. A better gauge is percentage of take home income.

 

[gregr]

I'd never spend $3500 on a 1911, but we've all got our own notions of value in this life. For some people a vehicle is just another appliance. For others, they are more than that.
Not saying I'd spend $50k on anything out of a GM factory, but there are other vehicles that I wouldn't bat an eye at spending around $40k for. Especially if I intended to keep it for 10 or 15 years. Yearly income is a silly metric when you are talking about a durable good that you will use for several years. A better gauge is percentage of take home income.

I agree, percent of income, as well as, like with the Tacoma, how much resale value they hold. It`s a fact that the resale value of trucks is higher than cars, and it`s a fact that the resale value of Tacoma`s is better than any other truck.

 

[phylodog]

https://www.kbb.com/new-cars/best-resale-value-awards/best-resale-full-size-pickup-truck/

I'd say just about anything with a Diesel engine holds better resale value than anything else on four wheels. Quick peek through Craigslist makes it pretty clear.

 

[MCgrease08]

https://www.kbb.com/new-cars/best-resale-value-awards/best-resale-full-size-pickup-truck/

I'd say just about anything with a Diesel engine holds better resale value than anything else on four wheels. Quick peek through Craigslist makes it pretty clear.

Your link was for the full-size truck category. The Tacoma is a mid-size.

https://www.kbb.com/new-cars/best-r...e-mid-size-pickup-truck/?r=247407673941129730

 

[bwframe]

First thing I'll be looking at is the reviews and listed values of these trucks, in 5-6 years when they have 100K+miles on them. That's where they come into my range.

No payments, cheap insurance, aftermarket parts abound, etc, etc, etc...
Happy to let you all break them in for me, thanks.

 

[lovemachine]

First thing I'll be looking at is the reviews and listed values of these trucks, in 5-6 years when they have 100K+miles on them. That's where they come into my range.

No payments, cheap insurance, aftermarket parts abound, etc, etc, etc...
Happy to let you all break them in for me, thanks.

So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?

 

[MCgrease08]

First thing I'll be looking at is the reviews and listed values of these trucks, in 5-6 years when they have 100K+miles on them. That's where they come into my range.

No payments, cheap insurance, aftermarket parts abound, etc, etc, etc...
Happy to let you all break them in for me, thanks.

A dealer near me had a 2015 Tacoma Sport model on the lot with 114k on it but the thing looked spotless. Sticker price was just under $19k. I don't know if they got it, but the truck was there less than a week.

So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?

200-250k wouldn't be unreasonable.

It also depends what you're doing with the truck. Some might not be looking for a daily driver, but rather a truck that will get them 50 miles a week over the next 15 years.

 

[bwframe]

So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?

70K on my 2001 Explorer Sport, 234K on the odometer now.
$5000 cash purchase. $500ish in parts maintenance, $700 tires.
With regular maintenance, it's not showing me any indication of what the life will be.

Vehicles with over 200K do warrant a backup vehicle.

 

[patience0830]

I don't suppose you've ever heard of 0% financing or six months same as cash deals.
If there is a big ticket item that I want, and I can get it now for no additional cost, or even a minimal additional cost, I'll get it now. No reason not to, IMO.

0% Is never really 0%. They'll charge you more up front to get the rate. 6 mos same as cash costs about 75% of the people who are suckered into that deal, more money, because they fail to read the terms closely and miss a deadline or a condition... And almost all of them have a minimum fee of at least $.50. As well as an outrageous back dated interest rate if you screw it up.

Your life is obviously yours to mess up as you choose. I M O.

People here trying to give you the benefit of their life experience to save you financial pain. Ignore it at your own peril. We're not saying this stuff to try and hurt you.

 

[patience0830]

So if you buy your trucks at over 100,000 miles, how much life are you getting out of them?

155,000 on my last one when I bought it. 198,000 on it now. Good maintenance record is helpful. $7500 up front. Just put new calipers and pads on the front myself. I only put about 6-7000 mi on it a year.