Drive it or trade it....?

[jgang]

So during a dinner conversation on Sunday, the talk turns to used vs new cars. I casually wondered what my 2006 Tacoma with 96K miles might be worth. The wife says, "Why don't you go find out and get a new truck if the trade in value is good." [Wow2] Where did THAT come from!?!?!?!? So, what to do? I can get a new, 2013 Tacoma for arond $28K plus taxes and fees. A Tundra for a bit more. Truck's paid for, runs like a top and I like it. But with used vehicles bringing a premium, now might be the time to trade it off and get some value out of it. Have to sell a few things and raid the piggy bank to make it happen though.

I don't really "need" a new rig, but it would be kinda nice....What would you do?

[Colorado_Outback]

Sell it private party.. don't trade it..

[birddog]

Keep it if its paid for, who knows what the next 4 years are going to look like.

[Rooskibar03]

As a car salesman I say go buy a car.

As a person who sees a world of financial shit coming durning the next few months I'd say keep the car you have and hold onto your cash.

[DavieD55]

If it were me i would try to sell it myself rather than trade, Unless they give you an offer that is what the truck is actually worth. They'll usually make what looks like a good deal then jack up the price of the new one. If i were going to purchass i would probably look for a new used one from a private party.

[Great-Kazoo]

Auto or stick stock or jacked up like a crack whore? How much you thinking sale wise?

[Rooskibar03]

If it were me i would try to sell it myself rather than trade, Unless they give you an offer that is what the truck is actually worth.

What it's worth is based on what someone (including a dealer) is willing to pay for it.

Dont forget when you trade you only pay tax on the difference.

[kwando]

Keep it and drive it

[Colorado_Outback]

If you do trade it avoid Larry H Miller Toyota here in Springs. PM me for an interesting story.

[blacklabel]

Keep it if it's paid off or close to.

[Shootersfab]

I say keep it.............who knows what a Shit show we might be in with Obeyme in office..

[Fentonite]

I have an '05 Tacoma, and have been thinking the same thing! I really like the truck, so I'll probably keep it and drive it into the ground. I've taken really good care of it, and it ought to run forever. I like not having a payment..

[hatidua]

You are thinking of getting rid of a Toyota because it has 96K on it?

That's akin to getting rid of a Glock because it has a round count of 100.

[jgang]

You are thinking of getting rid of a Toyota because it has 96K on it?

That's akin to getting rid of a Glock because it has a round count of 100.


LMAO! EXACTLY my dilema. It's just getting broken in.

I would cover the difference between sale/trade and purchase price, so it wouldn't be financed...I LOVE not having ANY car/truck payments. I figured I'd definitely drive the new one into the ground since 2014 models will come equipped with evil black boxes...

[jgang]

If you do trade it avoid Larry H Miller Toyota here in Springs. PM me for an interesting story.

They're a bunch of oxygen thieves. I haven't heard a single good word about the place.

[jgang]

Auto or stick stock or jacked up like a crack whore? How much you thinking sale wise?

PM'd you Jim...

[ray1970]

I drive a 1993 model truck. What do you think I am going to suggest? Not having a payment frees up a lot of money every month for hobbies and toys.

[Troublco]

I'd keep it and drive it, with the way things are looking right now.

I have a 2006 Tundra with 76k miles, that's paid off. Runs like a top. I figure it's worth more to me to have it than to have a newer model and less $$ for other things that are important right now.

[jgang]

I drive a 1993 model truck. What do you think I am going to suggest? Not having a payment frees up a lot of money every month for hobbies and toys.

Sound thinking Ray...

[tmjohnson]

If it's paid for, keep it. Leaves more cash for toys

[sniper7]

trade it in if they give you premium for it. remember that trade in takes down your tax liability on the new vehicle. something to factor in when weighing trade/selling private party

[bogie]

Keep it.

[Sixgun]

When you've had a little tragedy in your life, like me. I say you only live once. If you can afford it, get what you want. It's only money and you can't take it with you. I like new cars, no worries.

[Big Wall]

Sounds like mama wants to spend some money to me. Keep it.

[Citizen_Soldier]

I would definitely keep it. Both my truck and motorcycle are paid off, so all I have to pay is liability. Plus like someone else said, it leaves a lot of money for ammo and new toys if you don't have car payments every month.

I really don't understand America's infatuation with always buying bigger newer vehicles. If you have something decent that gets you from point A to point B reliably, just stick with it... I don't feel any need to impress the public or draw undue attention to myself.

Just my .02

[jgang]

Like I said, I dont need it. Just wondering if I can maximize value.

Hows laramie these days? Havent been able to spend much time there since I graduated. Big win for the Pokes over SMU tonight...might vault the into the top 25.

[DavieD55]

Keep it.

[Ashton]

The fact that you said "runs like a top" means you're emotionally attached to it and think it's worth more then it's worth, which actually means you're going to trade it in for significantly less then it's actually worth. If you want a new truck get a new truck sell it privately. The dealerships going to rape you based on what I've seen here... At least I would, and I don't even sell cars.

[Citizen_Soldier]

Like I said, I dont need it. Just wondering if I can maximize value.

Hows laramie these days? Havent been able to spend much time there since I graduated. Big win for the Pokes over SMU tonight...might vault the into the top 25.

Well if you don't need this tacoma how much do you really need a newer one? [Abused] Just playing devil's advocate.

Laramie probably hasn't changed much since you lived here. Still very cold... and windy...
Didn't watch the game but that's awesome, didn't know they won.

[R&S]

keep it, put the payment you would have been making into silver. the dollar will go down but silver has an intrinsic value. However, remember silver, like guns, is a commodity and goes up and down in value.

[buckeye4rnr]

If you sell it let me know some of the details about it... I've always wanted a Tacoma.

[jgang]

Well if you don't need this tacoma how much do you really need a newer one? [Abused] Just playing devil's advocate.

Laramie probably hasn't changed much since you lived here. Still very cold... and windy...
Didn't watch the game but that's awesome, didn't know they won.

Yeah, I worded that poorly..I meant that I didnt need a new one. Be nice, but its really the same truck, just smells better.

[jgang]

The fact that you said "runs like a top" means you're emotionally attached to it and think it's worth more then it's worth, which actually means you're going to trade it in for significantly less then it's actually worth. If you want a new truck get a new truck sell it privately. The dealerships going to rape you based on what I've seen here... At least I would, and I don't even sell cars.

You sound like a shrink...

[William]

Just me but since it is a Toyota, keep it. If it was a Chevy or Dodge .... [dig]

[RonMexico]

I have my truck,car and Harley all paid off. I was once dumb and into new cars; man I dont miss those day of $549 car payments.
Keep your money for toys, maybe get a motorcycle. With $3.00+ a gallon it will pay it's self of in a year.

[colorider]

If you have to sell stuff and raid the piggy bank to get into a new truck then you absoulely should keep the old one. Only get rid of it if it is nickle and diming you to death.
Plates for a new truck are going to be double what you are paying now.

[BushMasterBoy]

keep it, put the payment you would have been making into silver. the dollar will go down but silver has an intrinsic value. However, remember silver, like guns, is a commodity and goes up and down in value.

I bought another silver dollar today at a pawn shop. I'm gonna keep religiously servicing my trucks, oil, tran fluid. Hell I even change the brake fluid every year. Belts, plugs, etc. House is paid for, so I am going to keep buying silver. I say keep it and take really good care of it! Put the money into something that will hold its value...

[ChunkyMonkey]

Like the others have said... why bother paying interest on something that depreciate every single day and mile. You own one free and clear.. keep it!

[roberth]

Keep it, you like it, you don't need a new one, it is paid for. Have you done the timing belt/water pump yet?

[jgang]

Paid off long ago. Mobile 1 and a wix filter every 7k, tranny and pumpkins serviced at 75k, plugs and belt at 60k. Thinking of doing the front wheel bearings as a preventative measure along with the upper ball joints. Havent looked into the water pump and timing belt yet. Coming up on the 100k service mark though...

[BlasterBob]

If you have something decent that gets you from point A to point B reliably, just stick with it...


Kinda like choosing a new S&W or Ruger .22 over Jennings .22.

[Cman]

Keep It. You should get at least 300k out of it. I'm a mechanic and work on a lot of Toyotas, many of them with 250-300k miles on them and still running strong. Save your $, the future looks kinda dim!

[baglock1]

I've been running this same exercise in my head with my 2005 Frontier. It's been paid off for awhile and I love the truck but wish it were 4wd. I decided to wait another year to see how things look then. YMMV.

[ruthabagah]

Keep it. Spend some money buying some cool accessories for it, slap new tires, put 100$ on a saving account each month in case of a mechanical problem, and live happy!

[Goodburbon]

F150 ecoboost...double the room. Double the power, double the tow rating. Same or better MPG.

Or keep it and bask in the glow of no debt.

[Aloha_Shooter]

Cash is going to be king for the foreseeable future. I'd keep what you've got and pile the cash up for a rainy day because 40 days and 40 nights of rain is nothing compared to Obama's economic policy.

[roberth]

Paid off long ago. Mobile 1 and a wix filter every 7k, tranny and pumpkins serviced at 75k, plugs and belt at 60k. Thinking of doing the front wheel bearings as a preventative measure along with the upper ball joints. Havent looked into the water pump and timing belt yet. Coming up on the 100k service mark though...

The belt and pump will cost ya some but it'll be worth it. Keep it. Buy prep stuff with the payment you're saving.

[jonny450r]

Keep it and drive it. My 07 silverado has 111k on it and like everyone else has said keep taking care of it and enjoy not having a payment.

sent from my fancy dancy phone that'll soon be outdated or broken