The New Rig

[garrett]

I hope you don't do your own taxes.

So the value of a new car a year later is pretty static? When it comes to many of the Toyota models they do remain static over short (lets say 1-3 years) periods of time. That % change (depreciation) is going to be less than a new car over that same period in most cases.

If I buy a new Tacoma and park it for a year that value changes significantly. If I buy a 2009 Tacoma and park it a year, not so much.

 

[D Chapman]

So the value of a new car a year later is pretty static? When it comes to many of the Toyota models they do remain static over short (lets say 1-3 years) periods of time. That % change (depreciation) is going to be less than a new car over that same period in most cases.

If I buy a new Tacoma and park it for a year that value changes significantly. If I buy a 2009 Tacoma and park it a year, not so much.

Good thing you're not a business man.

 

[garrett]

Good thing you're not a business man.

According to the feds I am and I must say we did quite well in 2014.

 

[D Chapman]

According to the feds I am and I must say we did quite well in 2014.

I hope you're not the one doing the taxes.

 

[seventyfive]

<iframe width="420" height="315" src="//www.youtube.com/embed/4kCwl3C3q-0" frameborder="0" allowfullscreen></iframe>

 

[garrett]

I hope you're not the one doing the taxes.

Oh hell no. With us owning 33 vehicles, three locations with lots of expenses, I would have no clue. I was on the phone for two hours last week with the company that does ours and it was just about some pretty minor items. The tax codes are exhausting.

 

[D Chapman]

Good. Ask them what they think about "lower depreciation percentage" being a good thing.

 

[SGaynor]

Good. Ask them what they think about "lower depreciation percentage" being a good thing.

:rofl:

opcorn:

 

[garrett]

Good. Ask them what they think about "lower depreciation percentage" being a good thing.

I don't think you are understanding. I am saying that a good used yota will have less of a drop in value (depreciation) than a new one over the same term vs. a new one. I am not talking about depreciating a vehicle over X amount of years in taxes.

When you use quotes (these things >> "), make sure you are quoting me. I never said "lower depreciation percentage".

 

[D Chapman]

I don't think you are understanding. I am saying that a good used yota will have less of a drop in value (depreciation) than a new one over the same term vs. a new one. I am not talking about depreciating a vehicle over X amount of years in taxes.

When you use quotes (these things >> "), make sure you are quoting me. I never said "lower depreciation percentage".

Oh, changing your story to fit your story?

You started off by saying, "Huh? I sure hope you don't do your own taxes.".

Then you say, "the depreciation will be a lower % when you buy used".

So are you talking about taxes and depreciation, or market value? Because when it comes to taxes you want your shiny Toyota to be worth zero after it's depreciated. If you're talking about decrease in value what the fuck do taxes have to do with anything?

 

[garrett]

Oh, changing your story to fit your story?

You started off by saying, "Huh? I sure hope you don't do your own taxes.".

Then you say, "the depreciation will be a lower % when you buy used".

So are you talking about taxes and depreciation, or market value? Because when it comes to taxes you want your shiny Toyota to be worth zero after it's depreciated. If you're talking about decrease in value what the fuck do taxes have to do with anything?

Yes I understand all that.

I thought I was clearly talking about "value" as that's what I initially mentioned. I mentioned taxes only because his theory didn't make sense based on figures.

The two proper quotes you noted are correct - unlike the one you made up. And yes they hold true for the most part with a good, used Yota - a used one will depreciate less over similar terms as I've said. "They hold their value regardless if they are 2 years old or 20 years old. Depending on a few things (condition, model, age, etc), the depreciation will be a lower % when you buy used. Buy a 1997 Toyota Land Cruiser with 200K on it and pay $6,000 for it. Drive it for a year and keep it clean and you'll be able to sell it for close to that $6K or at worst $5 - 5,500K. Try losing $1K over a year on a new car - Toyota or not."

 

[D Chapman]

Naturally,
"depreciation will be a lower %"
and
lower depreciation percentage
have two completely different meanings.
Yawn.

 

[mjbrox]

I am constantly surprised at D Chatman's ability to bait people into silly arguments.

 

[brian4d]

It's a nice truck, should have gone with the 3rd gen. Try www.toyota-4runner.org, a lot of kids but there are some older guys that are nice and very helpful. You will find the forums you mentioned to be the best resources.

As for the value, I paid $9,500 for our 2001 four years ago (99K) and put 50K on it. I'm sure I could get 5 or 6K for it today. It's mint, almost showroom. The 5VZ is discussed as one of the best motors Toyota has ever made, but, this is up for debate and not necessarily my own opinion.

 

[brian4d]

I am constantly surprised at D Chatman's ability to bait people into silly arguments.

Surprised? Newb.

All in good fun and entertainment.

 

[brian4d]

Buying a used Toyota is a waste of money. They hold their value too well, so it makes more sense to buy new or just buy something else.

Really? You wouldn't want to debate some owners on this. If you can stand the same car/truck for years on end it's not uncommon to see a Toyota with 300K on the clock and only minimal work and parts. The damn things never break, ever. Don't take this literal, starters, batt, plugs, wires, sensors, brakes, yes, they need attention.

 

[p m]

If you can stand the same car/truck for years on end

I think that's the key.
If I could stand Toyota's interior and controls, I'd be driving an 80 for a decade now.
As far as used truck prices go, one can buy five decent D1s for a price of moderately new 4Runner and basically leave them where they die. The total mileage will likely be in favor of five D1s

 

[brian4d]

I think that's the key.
If I could stand Toyota's interior and controls, I'd be driving an 80 for a decade now.
As far as used truck prices go, one can buy five decent D1s for a price of moderately new 4Runner and basically leave them where they die. The total mileage will likely be in favor of five D1s

It's a numbers game. :smilelol:

However, there was a guys dad (I think) on the forum I mentioned with 500K on his 97 4runner. Swore it was the original motor. Here is the video, still the internet though so even I'm a bit skeptical.

https://www.youtube.com/watch?v=1O5GGlZurBE

 

[Buddy]

Good. Ask them what they think about "lower depreciation percentage" being a good thing.

They can be, depends on what your objectives are.

 

[seventyfive]

Just what this thread needs.

A German born CPA!