Domain: tiger-web1.srvr.media3.us Purchasing a used truck | Money Talk
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Purchasing a used truck

Posted on 7/28/24 at 4:35 pm
Posted by Julz5198
Member since Mar 2023
575 posts
Posted on 7/28/24 at 4:35 pm
So I haven’t bought a vehicle in 25 years. From what I understand, there are better ways these days to purchase what you are looking for as opposed to walking into a dealership blind. What tips do you guys have? Got my mind made up on a used Toyota Tacoma with low miles. Plan on using it for a couple years the giving it to my son. I got excellent credit and plan on putting down $10K. TIA
Posted by Julz5198
Member since Mar 2023
575 posts
Posted on 7/28/24 at 4:45 pm to
Forgot to mention I live in Nashville
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52122 posts
Posted on 7/28/24 at 6:11 pm to
quote:

Got my mind made up on a used Toyota Tacoma with low miles.


What year are you looking for, this might be an exercise in frustration. A lot of lightly used Tacoma are basically same price a new.

Use websites like cargurus and caredge to shop around get an idea on pricing. Costco can also be a good option in the right market. Unsure on Nashville, just have to try it out

A lot of the old methods really work now as car sales have basically slowed to a trickle. Except on high demand vehicles such as a used Tacoma. New Tacomas are everywhere though as people don't like the new design. However they are not cheap by any stretch
This post was edited on 7/28/24 at 6:13 pm
Posted by shadyone2
Member since Oct 2017
1110 posts
Posted on 7/28/24 at 6:33 pm to
Look on internet and get prices. I used CoPilot to compare vehicles. It’s an app. I knew exactly what I was looking for and the price range. It helped a lot.
This post was edited on 7/28/24 at 6:38 pm
Posted by lynxcat
Member since Jan 2008
25088 posts
Posted on 7/28/24 at 6:45 pm to
I used a website called CarEdge and paid $10/month for their reports. It easily paid for itself. Just bought new vehicle yesterday (one I found 80 miles away through their search engine).

Used Tacomas probably aren’t much cheaper than brand new.
Posted by juice4lsu
Member since Dec 2007
3739 posts
Posted on 7/28/24 at 7:48 pm to
Compare rates and don't totally rule out new. I bought a truck this weekend, and after comparing rates it was the same price over the term of the loan to buy new as it was a low mileage one or two year old model. Hated financing at all, but the rate was too good not to finance.

Edit:
I also used CarEdge, but I think it's $20/month.
This post was edited on 7/28/24 at 7:49 pm
Posted by lynxcat
Member since Jan 2008
25088 posts
Posted on 7/28/24 at 8:56 pm to
I think they raised prices this month

The used market is tough right now. There just isn’t a big delta between new and used prices. I bought new. They offered $750 rebate for me to finance it through them. I’m paying off the entire note on Monday.
Posted by bulldog95
North Louisiana
Member since Jan 2011
21206 posts
Posted on 7/28/24 at 9:46 pm to
With dealer rebates, special % rates, and other rebates it might be better to buy new.
Posted by speechles
Member since Jan 2013
1361 posts
Posted on 7/28/24 at 9:53 pm to
I went with a used Tacoma to get the 6 cylinder but everybody is right about the new vs. used prices. Not much difference.
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
7041 posts
Posted on 7/29/24 at 6:31 am to
quote:

The used market is tough right now. There just isn’t a big delta between new and used prices. I bought new. They offered $750 rebate for me to finance it through them. I’m paying off the entire note on Monday.



That's awesome man. I don't know how long you've been at that point in life where you can buy a new vehicle and pay it off pretty quick but it's a good feeling. I'm almost at that point myself. Bought a truck in January this year and it'll be paid off by the end of the year. I financed $40,000 ($20k down) and the minimum payment is $805 for 5 years. I don't know how people are able to do that on smaller incomes.
Posted by footballdude
BR
Member since Sep 2010
1113 posts
Posted on 7/29/24 at 9:36 am to
2023 (and older) Tacoma = 6 cylinder

2024 Tacoma = 4 cylinder + turbo
Posted by Julz5198
Member since Mar 2023
575 posts
Posted on 7/29/24 at 10:13 am to
So the little bit I researched over the weekend I found 2 used ones. 2023 with 4k and 46k miles. Wanted $27K and 29k. New ones are around $40k up. I probably won’t put but about 35 k miles on it the 2 years I will have it. Plan on putting down about $10k on whatever vehicle I do get. I have an 2014 Camry with 198k miles on it I will be selling. One owner
Posted by ks_nola
Bozeman
Member since Sep 2015
738 posts
Posted on 7/29/24 at 12:52 pm to
where is a 2023 tacoma with 4k miles for $27k? does it have seats b/c here in montana thats still a $38k+ truck.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 7/29/24 at 6:12 pm to
quote:

2023 with 4k and 46k miles. Wanted $27K and 29k.


Word to the wise: get a Carfax report.
Posted by lynxcat
Member since Jan 2008
25088 posts
Posted on 7/29/24 at 7:24 pm to
Do not get a new 4 cylinder with turbo Tacoma. They are literally going through a recall right now for engine replacements.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52122 posts
Posted on 7/29/24 at 7:35 pm to
quote:

Do not get a new 4 cylinder with turbo Tacoma. They are literally going through a recall right now for engine replacements.


To be fair the tundra has the engine recall which affects the six cylinder only.

The Tacoma I think has a rear axle recall
This post was edited on 7/29/24 at 10:56 pm
Posted by lynxcat
Member since Jan 2008
25088 posts
Posted on 7/29/24 at 9:58 pm to
Good correction, thanks!
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10787 posts
Posted on 7/29/24 at 10:30 pm to
quote:

I think they raised prices this month

The used market is tough right now. There just isn’t a big delta between new and used prices. I bought new. They offered $750 rebate for me to finance it through them. I’m paying off the entire note on Monday.


I got offered $24.3k at a Toyota dealership for my 2017 AWD Pilot with just over 66k miles. It has a 6 speed transmission and and I showed the guy it was getting just under 26 mpg over the last 8.8k miles with a lot of mountain driving and 70 - 80mph driving. They don't have the Land Cruiser I want and it's better for me to trade to reduce NM gross receipts tax on a purchase. That cash is tempting though, going to try a bigger dealer Wednesday.

I don't think vehicle prices are going down anytime soon, like years. That stupid arse side airbag recall last Thursday kept me from getting a new Grand Highlander MAX hybrid, Toyota is having a shite year with all the bungling of new builds. The Toyota dealer in Santa Fe stacked a $5k Dealer fee on a $70k Land Cruiser, so $75k + GRT and I laughed and said I would take my business to ABQ. What a F head.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52122 posts
Posted on 7/29/24 at 10:57 pm to
quote:

don't think vehicle prices are going down anytime soon, like years.


Vehicle prices are coming down... Unless you mean Toyota then yes you are correct
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14523 posts
Posted on 7/30/24 at 8:54 am to
quote:

I don't think vehicle prices are going down anytime soon, like years.

Vehicle prices have been on a downward trend since January 2022.
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